Textron Inc (NYSE:TXT) said today it plans to withdraw the New York Stock Exchange listing of bonds issued by its finance arm, an action it said came from its decision in 2008 to deeply cute back that division.
The diversified U.S. manufacturer said it would withdraw the NYSE listing of Textron Financial Corp's 5.125 percent notes due August 2014 and that the unit would cease to file its own operational reports with the U.S. Securities and Exchange Commission.
The company said the finance arm would continue to release its financial statements on its Web site.
The parent company's NYSE listing and SEC reporting will not be affected by this move, Textron said.
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Showing posts with label New York Stock Exchange. Show all posts
Showing posts with label New York Stock Exchange. Show all posts
Tuesday, March 1, 2011
Tuesday, July 20, 2010
BP (NYSE:BP) Oil Shares Plummet in Trading
Beginning the session in the negative column, oil shares started moving up as the energy sector gained strength from Weatherford's comments and higher crude oil prices but BP (NYSE:BP) plummeted. Oil rose 1 percent or 75 cents to $77.65 a barrel, while early in the morning it was trading down 1 percent reaching a low for the day of $76.05.
The New York Stock Exchange Arca Natural Gas Index gained 0.3 percent to 501. While The Dow Jones Industrial Average dipped 87 points or almost 0.9 percent. The NYSE Arca Oil Index declined 0.3 percent to 940. The Philadelphia Oil Service Index saw an increase of 1.5 percent to $178.34.
Exxon Mobil was down 0.5 percent to $58.13 and Chevron by 0.6 percent to $71.54. While BP shares took a nose dive to $34.87 losing 2.5 percent. The pressure in BP's well continues to slowly rise, it has now reached 6,825. They have not re-started drilling the relief well and are currently going over all possible options.
The New York Stock Exchange Arca Natural Gas Index gained 0.3 percent to 501. While The Dow Jones Industrial Average dipped 87 points or almost 0.9 percent. The NYSE Arca Oil Index declined 0.3 percent to 940. The Philadelphia Oil Service Index saw an increase of 1.5 percent to $178.34.
Exxon Mobil was down 0.5 percent to $58.13 and Chevron by 0.6 percent to $71.54. While BP shares took a nose dive to $34.87 losing 2.5 percent. The pressure in BP's well continues to slowly rise, it has now reached 6,825. They have not re-started drilling the relief well and are currently going over all possible options.
Monday, July 12, 2010
BP (NYSE:BP): Share Prices, Oil Futures, Energy Stocks
Based on the optimism that Apache Corporation may purchase about $12 billion of BP's (NYSE:BP) assets, BP's shares saw another incline. BP's reasoning for this possible sale is to help raise $10 billion to help cover the cost from the devastating explosion and sinking of the Deepwater Horizon rig.
BP saw a 5.6 percent increase to $35.96, continuing last weeks surge of 13 percent. Even though it's reported that the BP bill has reached over $3.5 billion. This lift in stock prices has helped raise energy stocks across the board. Anadarko rose 2 percent to $46.43. In an emailed statement to Dow Jones Wires, John Christiansen, Anadarko's spokesman said, " We have notified BP that we are withholding reimbursements to BP at this time."
While Apache Corporation declined 2.2 percent to $85.95. An analysts from Tudor Pickering Holt said that if Apache were to continue ahead with their possible move, it would prove their track record of purchasing mature assets and wringing the profits from them. " APA made their company buying mature assets from majors and making them work stronger/harder/longer. So it shouldn't surprise if they are hunting BP's Prudhoe assets, as reported in various newspapers over the weekend," said the analyst from Tudor Pickering Holt.
The New York Stock Exchange Arca Oil Index rose 0.7 percent to 952. While The Philadelphia Oil Service Index increased 0.6 percent to 179. The New York Stock Exchange Arca Natural Gas Index inclined 0.3 percent to 511.
BP saw a 5.6 percent increase to $35.96, continuing last weeks surge of 13 percent. Even though it's reported that the BP bill has reached over $3.5 billion. This lift in stock prices has helped raise energy stocks across the board. Anadarko rose 2 percent to $46.43. In an emailed statement to Dow Jones Wires, John Christiansen, Anadarko's spokesman said, " We have notified BP that we are withholding reimbursements to BP at this time."
While Apache Corporation declined 2.2 percent to $85.95. An analysts from Tudor Pickering Holt said that if Apache were to continue ahead with their possible move, it would prove their track record of purchasing mature assets and wringing the profits from them. " APA made their company buying mature assets from majors and making them work stronger/harder/longer. So it shouldn't surprise if they are hunting BP's Prudhoe assets, as reported in various newspapers over the weekend," said the analyst from Tudor Pickering Holt.
The New York Stock Exchange Arca Oil Index rose 0.7 percent to 952. While The Philadelphia Oil Service Index increased 0.6 percent to 179. The New York Stock Exchange Arca Natural Gas Index inclined 0.3 percent to 511.
Tuesday, July 6, 2010
Anadarko (NYSE:APC) Trading Stopped To Prevent Market Crash
Trading of Anadarko (NYSE:APC) shares was stopped this morning to prevent a market crash. There was a trade that triggered new individual stock breaker rules on the New York Stock Exchange.
Anadarko's trading was stopped from 10:56 am to 11:01 am. What spawned it was a trade that valued Anadarko's shares at $99,999.9 said Ray Pellecchia, New York Stock Exchange Euronext spokesman. The trade was canceled at 11:03 am and did not cause any other trades for the stock at the same price said Pellecchia.
This is the third time the NYSE has had to stop trading of a stock after several bad trades were thought to cause a short market crash back in May of this year.
"We are still learning from the experience. In all three cases, trading was suspended before the erroneous trades could cause broader effects in the market. The first two suspended stocks were Citigroup Inc. and Washington Post Co., said Pellecchia." Once trading commenced, Anadarko closed seeing a rise of 57 cents to $38.64.
Anadarko's trading was stopped from 10:56 am to 11:01 am. What spawned it was a trade that valued Anadarko's shares at $99,999.9 said Ray Pellecchia, New York Stock Exchange Euronext spokesman. The trade was canceled at 11:03 am and did not cause any other trades for the stock at the same price said Pellecchia.
This is the third time the NYSE has had to stop trading of a stock after several bad trades were thought to cause a short market crash back in May of this year.
"We are still learning from the experience. In all three cases, trading was suspended before the erroneous trades could cause broader effects in the market. The first two suspended stocks were Citigroup Inc. and Washington Post Co., said Pellecchia." Once trading commenced, Anadarko closed seeing a rise of 57 cents to $38.64.
BP (NYSE:BP) Upgraded From Hold To Buy: Stock Prices Rise, Oil Futures
Analysts from the Royal Bank of Scottland upgraded BP (NYSE:BP) from hold to buy. They said the reasoning for this was that they've dismissed the negative rumors of what the probable cost of the massive Gulf oil leak could be. After a three day weekend, oil and gas stocks saw an incline seeing sector wide gains of 2.5 percent or higher.
BP lead percentage gainers by 6.5 percent to $31.25 a share. Halliburton was up 3.6 percent at $26.65. Before the bell, Nasdaq 100 index futures rose 26.59 or 1.5 percent to 1,747.75. Dow Jones industrial average futures went up 102 or 1.1 percent to 9,628. Standard & Poors 500 index futures rose 12.00 or 1.2 percent 1.026.30.
Early on, the New York Stock Exchange Arca Oil Index was up 2.5 percent to 901.11 points. Leading was the Spanish oil company Repsol up 4.2 percent to $21.05. The Philadelphia Oil Service Sector Index also saw an increase of 3 percent to 170.4 points.
While the NYSE Arcca Natural Gas Index was ahead 2.6 percent to 492.25 points and had all 15 of its components trading higher. In morning trading National Fuel Gas Co., EOG Resources, and Ultra Petroleum Corporation were the front runners at 3.5 percent or higher.
BP lead percentage gainers by 6.5 percent to $31.25 a share. Halliburton was up 3.6 percent at $26.65. Before the bell, Nasdaq 100 index futures rose 26.59 or 1.5 percent to 1,747.75. Dow Jones industrial average futures went up 102 or 1.1 percent to 9,628. Standard & Poors 500 index futures rose 12.00 or 1.2 percent 1.026.30.
Early on, the New York Stock Exchange Arca Oil Index was up 2.5 percent to 901.11 points. Leading was the Spanish oil company Repsol up 4.2 percent to $21.05. The Philadelphia Oil Service Sector Index also saw an increase of 3 percent to 170.4 points.
While the NYSE Arcca Natural Gas Index was ahead 2.6 percent to 492.25 points and had all 15 of its components trading higher. In morning trading National Fuel Gas Co., EOG Resources, and Ultra Petroleum Corporation were the front runners at 3.5 percent or higher.
Monday, June 14, 2010
Stock Prices, Crude Oil Futures: Exxon (NYSE:XOM) and Chevron (NYSE:CVX)
There was a jump in U.S. stock prices in crude oil futures, including Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), this is the biggest gain the S&P 500 has seen since March.
Exxon Mobil as well as Chevron both saw a significant rise. Exxon, the largest U.S. energy company, saw a 0.5 percent rise to $62.17 pushing crude oil to over $75 a barrel in New York. Chevron, the second largest U.S. energy company rose 0.4 percent to $74.33. The S&P 500 rose 0.8 percent to 1,099.82. The Dow Jones Industrial Average also saw an incline of 0.7 percent, or 74.37 points bringing it to 10,285.44. While the Nasdaq rose 18.44 points or 0.8 percent to 2,262.04.
David Katz, chief investment officer at Matrix Asset Advisors Incorporated in New York, stated, "the recent sell off was based on fear, but the U.S. economy is very much intact and it seems like the European economies are muddling through. On days when there are no concerns or fear mongering, the market should get a bounce like we saw last week and it continues today."
The New York Stock Exchange Arca Oil Index was gaining 1.1 percent and the Philadelphia Oil Service Sector Index adding 1 percent.
Exxon Mobil as well as Chevron both saw a significant rise. Exxon, the largest U.S. energy company, saw a 0.5 percent rise to $62.17 pushing crude oil to over $75 a barrel in New York. Chevron, the second largest U.S. energy company rose 0.4 percent to $74.33. The S&P 500 rose 0.8 percent to 1,099.82. The Dow Jones Industrial Average also saw an incline of 0.7 percent, or 74.37 points bringing it to 10,285.44. While the Nasdaq rose 18.44 points or 0.8 percent to 2,262.04.
David Katz, chief investment officer at Matrix Asset Advisors Incorporated in New York, stated, "the recent sell off was based on fear, but the U.S. economy is very much intact and it seems like the European economies are muddling through. On days when there are no concerns or fear mongering, the market should get a bounce like we saw last week and it continues today."
The New York Stock Exchange Arca Oil Index was gaining 1.1 percent and the Philadelphia Oil Service Sector Index adding 1 percent.
Monday, June 7, 2010
Futures Trading, Stock Prices: Exxon Mobil (NYSE:XOM), BP (NYSE:BP)
BP (NYSE:BP) shares rose 2.8 percent, as well as Exxon Mobil's (NYSE:XOM) shares rising 0.37 percent. This stock price increase is believed to be because of BP's success in their recent fuel oil containment attempt. BP says that the cap that was put onto the leaking pipe, continues to capture the spewing oil and they're expecting to increase the amount collected as the week progresses. In energy trading, oil futures were down to $71.46 a barrel, a 5 cent loss.
As of 10:08 AM in New York trading, the Standard & Poors 500 index saw an increase of 0.4 percent to 1,068.68. This was after a drop in futures trading declined as much as 1.3 percent before the opening of the U.S. stock exchange. This was after S&P 500 saw a 3.4 percent drop on June 4th. The Dow Jones Industrial Average futures saw an increase of 13 points, to 9959.00. The Nasdaq 100 futures rose to 1839.50, seeing an increase of 5.25 points.
Stanley Nabi, Vice Chairman of the New York based Silvercrest Asset Management group, in charge of managing $9 billion said, "I still see a choppy stock market of small gains and losses. We see some buying today after all, how much can you keep on beating the market ? Investors just need to have more conviction. But that's probably not going to happen until we see strong second quarter earnings."
As of 10:08 AM in New York trading, the Standard & Poors 500 index saw an increase of 0.4 percent to 1,068.68. This was after a drop in futures trading declined as much as 1.3 percent before the opening of the U.S. stock exchange. This was after S&P 500 saw a 3.4 percent drop on June 4th. The Dow Jones Industrial Average futures saw an increase of 13 points, to 9959.00. The Nasdaq 100 futures rose to 1839.50, seeing an increase of 5.25 points.
Stanley Nabi, Vice Chairman of the New York based Silvercrest Asset Management group, in charge of managing $9 billion said, "I still see a choppy stock market of small gains and losses. We see some buying today after all, how much can you keep on beating the market ? Investors just need to have more conviction. But that's probably not going to happen until we see strong second quarter earnings."
Wednesday, June 2, 2010
Halliburton's (NYSE:HAL) Stock Rises Today
Since April 20th, it's been a see-saw effect for Halliburton's (NYSE:HAL) shares. After seeing them plummet 14.8 percent at the close of the New York Stock Exchange yesterday at 4:00 PM, it left many investors doubting any turn around would happen.
Although this wasn't necessarily a surprise, this was the foreseen doom that would effect all oil stock prices if BP was unsuccessful at stopping the oil with their "top kill" fuel containment effort. Halliburton's role was the cementing of the well, among other things to do with the development of the blown out well.
On Wednesday, Halliburton's stock rises, increasing more than 12 percent. It's believed its due mainly to the story from the Dow Jones which reported that Halliburton believes that it will be fully indemnified from all expenses and claims resulting from the April 20th oil spill. Executives said they are confident that they will be exempt from any claims as a result of the spill. They say they have $600 million in general liability insurance.
This may be wishful thinking on Halliburton's part. Transocean is also trying to cap their liability. The Obama administration is challenging Transocean's attempts.
Although this wasn't necessarily a surprise, this was the foreseen doom that would effect all oil stock prices if BP was unsuccessful at stopping the oil with their "top kill" fuel containment effort. Halliburton's role was the cementing of the well, among other things to do with the development of the blown out well.
On Wednesday, Halliburton's stock rises, increasing more than 12 percent. It's believed its due mainly to the story from the Dow Jones which reported that Halliburton believes that it will be fully indemnified from all expenses and claims resulting from the April 20th oil spill. Executives said they are confident that they will be exempt from any claims as a result of the spill. They say they have $600 million in general liability insurance.
This may be wishful thinking on Halliburton's part. Transocean is also trying to cap their liability. The Obama administration is challenging Transocean's attempts.
Tuesday, June 1, 2010
Buying Oil Futures Biggest Oil Stock Drop In History Anadarko (NYSE:APC) BP (NYSE:BP) Transocean (NYSE:RIG) Halliburton (NYSE:HAL) Cameron (NYSE:CAM)
As well as BP, Anadarko, Transocean, and Halliburton all see significant drops at the close of the New York Stock Exchange at 4:00 pm. This was the foreseen outcome if BP failed on their "top kill" attempt. For Anadarko, this is their biggest loss on record.
Anadarko dropped 20 percent to $42.10, they own a 25 percent stake in the well. Transocean is the company responsible for leasing the drilling rig to BP which exploded on April 20th. They dropped to $50.04 which is a 12 percent loss.
Then there is Halliburton. They provided oilfield services on the well itself, dropped to $21.15 at a loss of 15 percent. Cameron plunged as well. They are responsible for the blowout preventer for Transocean's Deepwater Horizon Rig. Their are down to $31.89, losing 12 percent.
Finally, there's BP who had it's biggest decline since 1992. In one day BP lost 18 billion dollars of their market value, for a total market value loss of 68 billion dollars since April 20th.
Anadarko dropped 20 percent to $42.10, they own a 25 percent stake in the well. Transocean is the company responsible for leasing the drilling rig to BP which exploded on April 20th. They dropped to $50.04 which is a 12 percent loss.
Then there is Halliburton. They provided oilfield services on the well itself, dropped to $21.15 at a loss of 15 percent. Cameron plunged as well. They are responsible for the blowout preventer for Transocean's Deepwater Horizon Rig. Their are down to $31.89, losing 12 percent.
Finally, there's BP who had it's biggest decline since 1992. In one day BP lost 18 billion dollars of their market value, for a total market value loss of 68 billion dollars since April 20th.
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