US News

Worth $224m Huntington Ingalls Industries (NYSE:HII) was awarded a $224 million modification to an existing contract today for advanced planning of the refueling and complex overhaul (RCOH) of the aircraft carrier USS George Washington (CVN 73). The work will be performed at the company’s Newport News Shipbuilding division. The contract funds continued planning work for […]

Update on Strategic Review and Termination of Formal Sale Process Empyrean Energy Plc, the US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, announced on 10 July 2014, that it had launched a review of strategic options and the commencement of a formal sale process under the […]

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 […]

Sale of Non-Core Assets Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has said that, in line with its strategy to dispose of certain non-core assets in its portfolio, it has agreed to sell its over-riding royalty interests on certain Oklahoma wells within the Company’s portfolio for a cash consideration of […]

“We have now entered a new and challenging phase of low oil prices through the near and medium term. Our focus must now be on resetting BP.” ~ CEO Bob Dudley. A funny thing happened on the way to the office this morning. I read that BP (LSE:BP.) (NYSE:BP) had released its final quarterly report […]

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 […]

Our regular readers know that I seldom advocate predicting the future. Today, I am breaking with that ‘tradition’ to advise taking a look down the road that ride-sharing service, Uber, is traveling. Uber’s hailing-a-car on-demand service is now operational in major metropolitan areas around the world, making headlines nearly everywhere it goes. I would also […]

Ratification of a New Five-Year Labor Agreement Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that union members at the Company’s Newark, OH and Spokane, WA facilities have ratified a new five-year labor agreement. The agreement which affects approximately 900 union members is effective on October 1, 2015 and extends through September 30, 2020. The new labor […]

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 […]