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BP Hated Halliburton's Work (HAL, BP)
Thursday, February 17, 2011 - 2:16pm | 115BP (NYSE: BP) had a major problem with the cement work that Halliburton (NYSE: HAL) did on its rigs, according to a presidential oil spill panel. Despite the issues that BP took, the company didn't do much about it, despite the concerns dating back to 2007. A 2007 audit by BP said Halliburton did...
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What's Hot on TheStreet
Thursday, February 17, 2011 - 1:21pm | 279Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Maverick Capital Goes Big on Bank of America Maverick Capital, the $9.4 billion hedge fund run by Lee Ainslie, initiated a big stake in Bank of America (NYSE: BAC) in the fourth quarter. The firm dumped Family...
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Oil Spill Panel Says BP Knew about Halliburton's Problems
Thursday, February 17, 2011 - 1:02pm | 42The oil spill panel says BP (NYSE: BP) knew about Halliburton's (NYSE: HAL) problems. The panel states that the oil spill happened because of poor management.
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Mad Money Lightning Round: Cramer Likes EMC (DD, EPD, TZOO, EMC, DELL, HCBK, USB, PWER, CVX, COP)
Thursday, February 17, 2011 - 3:13am | 272On CNBC's Mad Money, Jim Cramer said during the Lightning Round that DuPont (NYSE: DD) is “great.” He added, “They have a great business. That stock is a winner." Cramer likes Enterprise Products Partners (NYSE: EPD) and advises investors to buy that stock. For Travelzoo (NASDAQ: TZOO), he said...
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World Stock Markets Daily Report (February 16, 2011)
Wednesday, February 16, 2011 - 3:12pm | 163U.S. stocks retreated, pulling the S&P 500 Index down from a 32-month high, after a report showed retail sales increased less than forecast, the NAHB index still very close to “crisis” levels and Exxon Mobil led a decline in energy producers. Exxon Mobil (NYSE: XOM), the world's largest...
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Einhorn Buys Out-of-Favor Sprint and BP
Wednesday, February 16, 2011 - 3:00pm | 270(TheStreet) --David Einhorn's Greenlight Capital bought new stakes in wireless provider Sprint Nextel (NYSE: S) and oil firm BP (NYSE: BP) during the fourth quarter, picking up two companies shunned by most investors. New York-based Greenlight Capital took seven new equity positions and closed out...
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Citigroup Maintains a Buy on Exxon Mobil (XOM)
Wednesday, February 16, 2011 - 1:31pm | 207Citi is out with a report today which discusses Exxon Mobil's (NYSE: XOM) reserves after its merger with XTO Energy. Given by XOM's preliminary report for 2010, overall proved reserves (excluding those of XTO) had decreased to 22 billion boe from an estimated 22.9 billion, mostly due to decreased...
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Atlas Energy Shareholders Approve Merger with Chevron
Wednesday, February 16, 2011 - 9:51am | 146Atlas Energy, Inc. (NASDAQ: ATLS) announced today that its shareholders have approved the pending merger between Atlas Energy and Chevron Corporation (NYSE: CVX). The proposal to approve the merger was supported at a special meeting of shareholders by approximately 99.7% percent of the votes cast...
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Eni Q4 Profit Rises 24%
Wednesday, February 16, 2011 - 2:48am | 99Eni SpA (NYSE: E), Italy's largest oil company, said its fourth-quarter adjusted jumped 24% to $2.32 billion thanks to increased demand and higher oil prices, generally the same reasons all of the world's oil majors have been citing for their respective increases in fourth-quarter profits. Eni...
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Narrow Trading Range 02-15-2011
Tuesday, February 15, 2011 - 6:29pm | 926Cusick's Corner The activity was tight today, as a matter of fact from a trading perspective it was a nothing day. The weakness in Crude continued. The Small Caps also showed some weakness on the close, while the market in general held critical levels of 1324 on the SPX. One market that I have...
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Benzinga's Top ETF Decliners, February 15th (DAG, ERX, UCO, SOXL)
Tuesday, February 15, 2011 - 5:46pm | 215PowerShares DB Agriculture Double Long ETN (NYSE: DAG) fell 3.63% in the regular trading session on Tuesday, and it gained 0.59% in the after hours. DAG traded lower as wheat, and soybeans futures contracts struggled. PowerShares DB Agriculture Double Long ETN (DAG) closed at $15.38 today, and it...
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Benzinga's Top ETF Gainers, February 15th (AGA, BAL, ERY, SCO)
Tuesday, February 15, 2011 - 5:30pm | 173PowerShares DB Agriculture Double Short ETN (NYSE: AGA) spiked 6.19% on Tuesday, as grains struggled. Wheat futures contracts were the worst performer in the group. It dropped more than 3% today. Cotton futures traded higher today, along with iPath Dow Jones-UBS Cotton Subindex Total Return ETN (...
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Zings Of The Day (CVX)
Tuesday, February 15, 2011 - 3:49pm | 165Ecuador is ordering Chevron (NYSE: CVX) to pay billions in clean up from destroying the country's rain forests. If Chevron doesn't publicly apologize in the next 15 days, the judge ordered the company to pay twice that amount. It also has to rub Ecuador's belly and promise to be it's best friend...
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Options Expiration Whipsaw Starts Up
Tuesday, February 15, 2011 - 12:10pm | 329After the lightest trading day of the year yesterday, the markets kicked it up a notch. They opened lower after retail sales came in below expectations. After an initial move higher from the gap down, the markets sold sharply as the Dollar gained. Then, as the lunch time volume kicked in, the...
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Betting Against Submerging Markets
Tuesday, February 15, 2011 - 10:55am | 851So far this year, the developed markets have continued to deliver while, across the pond, the emerging markets have suffered a meltdown. Year-to-date, the SPDR S&P 500 ETF (SPY) -- which includes holdings like Exxon (XOM), Apple (AAPL), Microsoft (MSFT), IBM (IBM), and Bank of America (BAC) --...