NYSE Market News

Just minutes after the New York Stock Exchange opened this morning (Tuesday, 23 December), Santa delivered an early Christmas present. The Dow Jones Industrial Average (DJIA) went flying past the 18,000 mark for the first time ever. Only a decade ago, and certainly following the 2008-2009 financial crisis, no one would have believed that 18,000 […]

To explore Shallow Water Absheron Peninsula BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is […]

On first Rumaila visit, oil minister Adel Abdul-Mehdi’s charts progress and hears plans South Oil Company, BP, PetroChina and SOMO, which together form Rumaila Operating Organization (ROO), today pledged to ensure Rumaila continues to expand its contribution to Iraq over the next 20 years. Iraq’s new oil minister Adel Abdul Mehdi today attended an event […]

This past week the FTSE 100 aggregate companies regained £62 billion of the £112 billion in valuation that they lost during the prior week. The index finished the week at 6,545.27, a gain of 3.9% on the week. Oops! Pardon me. That introduction kind of took the polish off the headline, didn’t it? Oh well, I might […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]