NYSE Market News

Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating […]

Both MasterCard (NYSE:MA) and Visa (NYSE:V), the world’s largest processor of debit and credit card payments, released their quarterly earnings reports in the last 48 hours. I was tempted to write about Visa as its shares tried to carry the load on Wall Street on the same day as the Federal Reserve posted its latest, […]

Two global companies to collaborate on R&D to take offshore industry’s subsea imaging capability to the next level. BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative […]

Allergan’s share price (NYSE:AGN) opened slightly higher today following the release of its third quarter results for the period ending 30 September. Shares closed on Friday at $184.21, opening this morning at $186.80, which, so far, has been its high point for the day. This may be more due to the takeover bid from Valeant […]

Follows soon after North Sea discovery BP today announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox Sands. Located approximately […]

Time to get drilling? GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per […]

Announced in Jakarta On behalf of the Tangguh Partners, BP announced that two consortia have been awarded the onshore Front End Engineering and Design (FEED) for the $12 billion Tangguh Expansion Project (Train 3): – PT. Tripatra Engineers and Constructors, PT. Tripatra Engineering, PT. Chiyoda International Indonesia, PT. Saipem Indonesia, PT. Suluh Ardhi Engineering and […]

The share price of IBM (NYSE:IBM) plummeted upon release of its third quarter results this morning. IBM closed at 182.05 on Friday, October 17th. The value of the company’s shares dropped in early trading to open today at 166.93. The share price has held fairly steady during the day with about an hour remaining. It […]

Yes, they are. Newell Rubbermaid (NYSE:NWL) announced today that it has signed a definitive agreement to acquire the assets of bubba brands, inc., a wholly owned subsidiary of In Zone Holdings, Inc. A leading designer and marketer of durable beverage containers, bubba is expected to deliver over $50 million of net sales in 2014. The […]

Is there life on Aeroject? Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, recently received a contract from NASA’s Jet Propulsion Laboratory to supply the thrusters that would help land the next rover on Mars after it is launched in 2020. Under a contract from the U.S. Department of Energy, Aerojet Rocketdyne also would supply the power […]