NYSE Market News

The financial world is in disarray today.  It all started with an unexpected and startling press release by the Swiss National Bank (SNB) that said: “The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed […]

The share price of industrial giant Alcoa (NYSE:AA) was up 2.0% yesterday in after-hours trading following the late afternoon release of its Q4 2014 results. Sentiment continued to be strong in pre-trading hours this morning, as it gained another 1.3%. Following a high of 16.53 shortly after 9:30 a.m. EST, the share price has receded […]

I noticed something strange as I browsed the financial news whilst enjoy my morning coffee. In London, Tesco’s share price (LSE:TSCO) had risen nearly 15%, partly on the report of good December sales and partly because CEO Dave Lewis had announced plans to close 43 of its stores in the UK. Then, “what before my […]

BP contributes $143 billion to US economy and supports nearly 220,000 jobs BP’s business activities in the US helped generate close to $143 billion in economic impact in 2013 and currently support nearly 220,000 American jobs, according to the company’s US Economic Impact Report 2014. Released today, BP’s new report provides a detailed, state-by-state look […]

Terms not disclosed Oil States International, Inc. (NYSE:OIS) announced today that its subsidiary, Oil States Industries, Inc., has acquired Montgomery Machine Company, Inc.. Headquartered in Houston, Texas, MMC combines machining and proprietary cladding technology and services to manufacture high-specification components for the offshore capital equipment industry on a global basis. Terms of...

The last day of 2014 has become the birth day of the new Walgreens Boots Alliance (NASDAQ:WBA). Walgreens, America’s leading pharmacy, has completed the acquisition of Alliance Boots, including delisting from the NYSE (it had been dual listed on the NYSE and NASDAQ) and conversion of its stock symbol from WAG to WBA. Walgreens generated […]

New six-year term loan with Rabobank Owens Realty Mortgage, Inc. (NYSE:ORM) announced today that it has entered into a new six-year term loan with Rabobank, N.A.of up to $14,500,000. It is anticipated that $10,445,000 will be borrowed by ORM at the first closing and up to an additional $4,055,000 will be made available in one […]

Final major project of 2014 BP, on behalf of the Kinnoull field co-venturers, has announced the start of production from the Kinnoull field in the central North Sea. Kinnoull is BP’s seventh and final major upstream project start-up in 2014. The Kinnoull reservoir, developed as part of a wider rejuvenation of the Andrew field area, […]

This December 26th marks the 30th consecutive year that I have lived somewhere that does not celebrate Boxing Day. The holiday season is just not the same – well, almost not the same – without it. It’s not all that much different in the States today. What with Christmas being on a Thursday this year, […]

Without Smith & Nephew (LSE:SN.), Christmas Eve at the London Exchange would have been ho-hum, but the company turned the half-day session into a ho-ho-ho. It’s always interesting news when a stock increases 7.7% in a single day, but when Smith & Nephew’s share price increased that amount it was more than interesting. It was […]