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NYSE Market News

McDonald's Fallen Arches

17 Dec 2014 @ 21:43
The mighty, international fast-food giant is definitely in trouble. McDonald’s (NYSE:MCD) share price, although up 3.21% today to 91.58, is at its lowest since September 2012. Investors are following customers as they go in other directions. I remember way back when McDonald’s was considered to be a “sleeping giant” in the traditionally sense of the term. It appears...

Nevada Gold & Casinos reports Q2 results

15 Dec 2014 @ 21:24
Net revenues of $16.4 million Nevada Gold & Casinos, Inc. (NYSE:UWN) today announced financial results for the second quarter ended October 31, 2014. For the second quarter of fiscal 2015, the company reported net revenues of $16.4 million compared to $16.3 million in the second quarter of fiscal 2014. Net revenues from Washington increased $0.3 million, while South Dakota net revenues...

Are You Kidding Me, Mr. Osborne?

15 Dec 2014 @ 21:20
I had come to have a modicum of admiration (that’s about as much as I can muster for a politician or a banker) over the past few years. But today, either someone slipped him a stupid pill or he is doing his imitation of Barack Obama (moving his lips and expecting people to believe the rubbish you are trying to feed them). The headline today  in The Telegraph knocked me out of my seat...

Sunrise starts pperations - BP's sixth major project For 2014

15 Dec 2014 @ 21:17
Located 60 kilometres northeast of Fort McMurray, Alberta, BP confirmed today that operations have started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada, with the start of steam generation. Husky Energy is the operator of Sunrise, a 50/50 joint venture with BP. Sunrise is being developed using steam assisted gravity drainage (SAGD), oil well technology which warms the...

Lending Club: The IPO You Missed

13 Dec 2014 @ 21:52
The initial offering price of Lending Club (NYSE:LC) shares was $15.00, higher than the $12.00-$14.00 range anticipated. When shares started trading for the first time on 11 December, they popped 65% before finishing the day up 56% at $23.43. Lending Club shares closed Friday at $24.69 and increased to $24.84 in after-hours trading. The Emergence of Crowdfunding If the 2008-2009 financial...

BP presents upstream strategy to investors

11 Dec 2014 @ 22:01
Also expects $1 billion in Group-wide restructuring charges over coming year BP will today present to investors its strategy and plans to the end of the decade and beyond for its Upstream oil and gas business. The day-long presentation, led by BP’s Upstream chief executive Lamar McKay, will provide an in-depth and detailed account of how BP is managing its Upstream business and its distinctive...

Halcon commissions first compressed natural gas facility

09 Dec 2014 @ 21:45
Drilling Rig Fuel Costs Expected to Drop by ~50%; Significant Reduction in CO2, NOx and SOx Emissions Projected Halcón Resources Corporation (NYSE:HK) today announced that it has commissioned its first compressed natural gas facility through its subsidiary, Hawk Clean Fuels. This CNG facility is serving the Company’s operations in its El Halcón area in East Texas and is being used to...

BP respond to US Supreme Court

08 Dec 2014 @ 21:50
++ BREAKING NEWS ++ Geoff Morrell, BP America’s Senior Vice President of U.S. Communications and External Affairs, issued the following statement today in response to the United States Supreme Court’s denial of BP’s request to review the Fifth Circuit decisions relating to the compensation of claims for losses with no apparent connection to the Deepwater Horizon spill...

Northrop refresh board with new CFO

08 Dec 2014 @ 21:46
Who is the new member of the board? Northrop Grumman Corporation (NYSE:NOC) announced today that its board of directors has elected Kenneth L. Bedingfield, corporate vice president and chief financial officer, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. In his new role, Bedingfield will...

Midstates Petroleum terminates DeQuincy assets sales agreement

08 Dec 2014 @ 21:39
++ BREAKING NEWS ++ Midstates Petroleum Company, Inc. (NYSE:MPO)announced today that the buyer in the transaction for the sale of the Company’s DeQuincy area assets in Louisiana has terminated the purchase and sale agreement. The DeQuincy assets continue to produce approximately 1,400 barrels of oil equivalent (70% oil) and generated in excess of $20 million in Adjusted EBITDA between...
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