NYSE Market News

Underlying replacement cost profit $2.2 billion; significant impairment charges in the quarter – Taking action to meet challenging environment BP today reported its results for the fourth quarter and full-year 2014. Underlying replacement cost profit1 for the fourth quarter was $2.2 billion compared with $2.8 billion for the same period in 2013. Full year underlying […]

Xerox (NYSE:XRX) shares declined Friday in response to the company’s Q4 and full-year earnings report. Its share price began the day above its 120-day moving average, only to fall abruptly and dramatically from 13.25 to a low of 12.94, remaining under its 120-day moving average for pretty much the rest of the day, closing at […]

The fourth quarter of 2014 capped a year of continued investment WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, reported net income of $12.7 million, or $1.32 per diluted common share for the final quarter of 2014 compared to net income of $11.4 million, or $1.23 per share for the third quarter of […]

An increase of 6.5 percent DCP Midstream Partners, LP (NYSE:DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended December 31, 2014, or $3.12 per unit on an annualized basis. This represents an increase of 6.5 percent over the […]

Do you own shares? Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, has reminded investors of the March 9, 2015 lead plaintiff deadline in the class action lawsuit against InvenSense, Inc. (NYSE:INVN). The suit is pending in U.S. District Court for the Northern District of California. InvenSense is based in San Jose, California, […]

“GE (NYSE:GE) ended the year with strong fourth-quarter industrial earnings and margin growth. the environment remains volatile, but we continue to see infrastructure growth opportunities. We are pleased with our execution in 2014, meeting our commitment to grow industrial segment profits 10%, industrial segment organic growth of 7%, increasing operating margins 50 basis points...

Time for a whip round? BP announced today that it intends to sell its 950,000 cubic metre capacity oil storage terminal in Amsterdam. The BP Amsterdam Terminal, which has been owned and operated by BP since 1997, acts as an international trading hub for supplying fuels to and from Europe. The terminal also supplies diesel […]

Annual Trading Forecast on IBM (2015) IBM shares (NYSE:IBM) are weak. The downtrend has been going on since last year. In the past several months, the price consolidated tightly, and now it has broken further downwards, poised to move further south. The price has broken out below the lower Trendline, as the RSI period 14 […]

Good for investors? Targa Resources Corp. (NYSE:TRGP) and Targa Resources Partners LP (NYSE:NGLS) announced their respective quarterly dividend and distribution for the fourth quarter of 2014. Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 77.50¢ per share, or $3.10 per common share on an annualized basis, […]

“Combines Expertise of Two Companies”, the company argue Huntington Ingalls Industries (NYSE:HII) announced today the creation of Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company that will combine the expertise of the company’s S.M. Stoller Corp. and Newport News Nuclear subsidiaries. “Formation of SN3 is a logical...