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OPEC bid to kill off US shale sends oil price down to 2009 low : December 08, 2015,
2015-12-08 11:22:33| Electronics - Topix.net
Oil industry stocks tumbled on Monday, leading US stocks lower, as crude prices sank to their lowest close since February 2009 in the wake after decision of Organisation of the Petroleum Exporting Countries not to cut output dimmed the odds of any quick recovery in oil prices. Dow members ExxonMobil world's largest publicly traded international oil and gas company - and Chevron lost 2.6 percent and 2.7 percent respectively, while shale producer Continental Resources plunged 9.3 percent.
Daily Deals: CP's Norfolk bid in the spotlight and a Supreme Court justice's new gig
2015-12-08 10:43:19| Railroads - Topix.net
Activist investor Bill Ackman will join Canadian Pacific Railway Ltd.'s chief Hunter Harrison on a conference call on Tuesday to discuss the company's takeover attempt of Norfolk Southern Corp. Activist investor Bill Ackman will join Canadian Pacific Railway Ltd.'s chief Hunter Harrison on a conference call on Tuesday to discuss the company's takeover attempt of Norfolk Southern Corp. The inclusion of Mr. Ackman, a CP board member and - through hedge fund Pershing Square Capital - a 9-per-cent owner of CP, is believed to be a sign the company is not about to abandon the pursuit of Virginia-based Norfolk Southern.
OPEC bid to kill off US shale sends oil price down to 2009 low : December 08, 2015,
2015-12-08 10:33:23| Oil & Gas - Topix.net
Oil industry stocks tumbled on Monday, leading US stocks lower, as crude prices sank to their lowest close since February 2009 in the wake after decision of Organisation of the Petroleum Exporting Countries not to cut output dimmed the odds of any quick recovery in oil prices. Dow members ExxonMobil world's largest publicly traded international oil and gas company - and Chevron lost 2.6 percent and 2.7 percent respectively, while shale producer Continental Resources plunged 9.3 percent.
Pennine Receives Notification Of Successful Bid For Block Velca Territory In Albania
2015-12-08 01:37:03| oilandgasonline Home Page
Pennine Petroleum Corporation is pleased to announce that it has received notification from licensee Albpetrol Sh.A., that Pennine was confirmed on Dec. 2, 2015 by the Republic of Albania’s Ministry of Energy and Industry as the successful bidder for Block Velca.
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Icahn Tops Bridgestone With $15.50-a-Share Bid for Pep Boys
2015-12-07 23:17:32| Auto Parts - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Pep Boys - Manny Moe & Jack shares are indicating that the bidding war for the automotive-parts retailer and mechanics chain may just be beginning.
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