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NYSE Market News

BP and CGG to develop new Marine Seismic Source technology

28 Oct 2014 @ 22:21
Two global companies to collaborate on R&D to take offshore industry’s subsea imaging capability to the next level. BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative seismic source technology...
 

Botox Maker Allergan Making Headlines

27 Oct 2014 @ 17:16
Allergan’s share price (NYSE:AGN) opened slightly higher today following the release of its third quarter results for the period ending 30 September. Shares closed on Friday at $184.21, opening this morning at $186.80, which, so far, has been its high point for the day. This may be more due to the takeover bid from Valeant Pharmaceuticals (TSX:VRX) that Allergan has been dominating...
 

Deepwater Gulf oil discovery for BP in Mexico

24 Oct 2014 @ 11:40
Follows soon after North Sea discovery BP today announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox Sands. Located approximately 180 miles off the Louisiana coast in 3,992...
 

GDF Suez and BP discover new Central North Sea field

23 Oct 2014 @ 11:39
Time to get drilling? GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. The discovery, referred to as ‘Marconi’ by GDF SUEZ and ‘Vorlich’ by BP, is...
 

Contracts for Tangguh Expansion Project announced by BP

22 Oct 2014 @ 23:05
Announced in Jakarta On behalf of the Tangguh Partners, BP announced that two consortia have been awarded the onshore Front End Engineering and Design (FEED) for the $12 billion Tangguh Expansion Project (Train 3): – PT. Tripatra Engineers and Constructors, PT. Tripatra Engineering, PT. Chiyoda International Indonesia, PT. Saipem Indonesia, PT. Suluh Ardhi Engineering and Chiyoda...
 

IBM Shares Plummet On Q3 Results

20 Oct 2014 @ 21:37
The share price of IBM (NYSE:IBM) plummeted upon release of its third quarter results this morning. IBM closed at 182.05 on Friday, October 17th. The value of the company’s shares dropped in early trading to open today at 166.93. The share price has held fairly steady during the day with about an hour remaining. It currently stands at 168.58, down 7.40% for the day. If you were to drive...
 

Newell Rubbermaid to Acquire bubba brands?

19 Oct 2014 @ 22:24
Yes, they are. Newell Rubbermaid (NYSE:NWL) announced today that it has signed a definitive agreement to acquire the assets of bubba brands, inc., a wholly owned subsidiary of In Zone Holdings, Inc. A leading designer and marketer of durable beverage containers, bubba is expected to deliver over $50 million of net sales in 2014. The acquisition will expand Newell Rubbermaid’s presence in...
 

Aeroject secure NASA contract to power Mars mission

19 Oct 2014 @ 22:17
Is there life on Aeroject? Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, recently received a contract from NASA’s Jet Propulsion Laboratory to supply the thrusters that would help land the next rover on Mars after it is launched in 2020. Under a contract from the U.S. Department of Energy, Aerojet Rocketdyne also would supply the power source that would enable the rover to move around...
 

Beware of the VIX "Fear Index"

15 Oct 2014 @ 21:26
The VIX Index, more commonly referred to as the Fear Index has begun to make investors (more) nervous this week. On Monday, 13 October, Erin Gibbs of S&P Capital told CNBC that, essentially, anxious investors need to remain calm because “Volatility is still within normal levels,” even though fellow commentator Todd Gordon warned that if the VIX surged upward past 20, investor...
 

Shire Shares Slump 22%

15 Oct 2014 @ 19:47
The ongoing dramatics involving the potential acquisition of Shire (LSE:SHP) by AbbVie (NYSE:ABBV) has given Shire’s share price a punch in the solar plexus today, making it the FTSE’s biggest loser on the day. Not only has the wind been knocked out of Shire’s sails, but there may be a storm brewing on the horizon. Once AbbVie announced that it was not likely to continue to...
 
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