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Third Avenue To Vote Shares In Favor Of Bronco, Chesapeake Deal -Bloomberg (CHK, BRNC)
Thursday, April 21, 2011 - 11:22am | 33Third Avenue to vote shares in favor of Bronco (NASDAQ: BRNC), Chesapeake (NYSE: CHK) deal says Bloomberg.
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Transocean Issues Update on Macondo Incident; Company Filed Cross-claims Against BP entities
Thursday, April 21, 2011 - 11:17am | 113Transocean Ltd. (NYSE: RIG) announced today that an affiliate of BP plc (NYSE: BP) on April 20, 2011 filed a cross-claim against Transocean entities in the existing Multi-District Litigation proceeding in the U.S. District Court, Eastern District of Louisiana for contribution pursuant to the Oil...
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ENSCO 8504 Ultra-Deepwater Semisubmersible Contracted with TOTAL in Brunei
Thursday, April 21, 2011 - 10:53am | 144Ensco plc (NYSE: ESV) announced today that a subsidiary of the Company has entered into a drilling contract for ENSCO 8504 with TOTAL E&P Deep Offshore Borneo B.V. Delivery from the shipyard in Singapore is planned for the end of July 2011 and the contract commencement will follow sea trials...
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Jefferies Reports Noble Gross Profit Inline
Thursday, April 21, 2011 - 9:19am | 71According to Jefferies, Noble (NYSE: NE) gross profit is inline. Jefferies said that last night, NE reported recurring 1Q11 EPS of $0.15, slightly below its estimate of $0.16 and Consensus of $0.17 primarily due to higher interest expense. “In fact, gross profit and EBITDA was slightly higher than...
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Earnings Summary: Everybody Beats, Everybody's Happy (MCD, GE, BLK, TRV, DD)
Thursday, April 21, 2011 - 8:43am | 254It's a story of earnings beats and revenue beats, which should make Wall Street happy this morning, as all the heavy hitters beat earnings this morning. General Electric (NYSE: GE) reported earnings of 33 cents per share on revenues of $38.4 billion. This compared to Wall Street estimates of 28...
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Jefferies Comments On Ensco 1Q11 Results
Thursday, April 21, 2011 - 8:16am | 62According to Jefferies, Ensco (NYSE: ESV) reported recurring 1Q11 EPS of $0.45, below its estimate of $0.48 and Consensus of $0.47 primarily due to higher than expected taxes and SG&A. Jefferies said that despite the miss, ESV remains our favorite offshore drilling stock and we would be buyers...
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Dahlman Rose Has Hold On Noble Corporation (NE)
Thursday, April 21, 2011 - 7:28am | 171Dahlman Rose & Co. has a Hold rating on shares of Noble Corporation (NYSE: NE) after it reported earnings. In a note to clients, Dahlman Rose writes, "Noble's results were shy of forecasts despite better than expected revenues due to higher operating and interest costs. We expect this will...
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Diamond Offshore Declares Special Cash Dividend of $0.75
Thursday, April 21, 2011 - 7:23am | 56Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on June 1, 2011 to shareholders of...
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Diamond Offshore Reports EPS $1.80 vs. $1.411 Estimate; Revenues $806.4M vs. $794.7M Estimate (DO)
Thursday, April 21, 2011 - 7:05am | 21Diamond Offshore (NYSE: DO) Reports EPS $1.80 vs. $1.411 Estimate; Revenues $806.4M vs. $794.7M Estimate.
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CEOWORLD Daily Business and Tech Roundup- AAPL, BP, RIG, VZ, RIMM, NOK, AIG, BRK.B, BA, GOOG, WFC…
Thursday, April 21, 2011 - 4:56am | 1297Apple (AAPL) earnings surpassed expectations- AAPL is trading higher by 1.41 percent to $342.61 in pre-market trading. Over the last 52 weeks the stock has ranged from a low of $199.25 to a high of $364.90. AAPL will report its fiscal-Q2 earnings after today's close. Analysts are expecting the...
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BP Sues Transocean for $40 Billion over Deepwater Horizon Disaster (BP, RIG)
Wednesday, April 20, 2011 - 10:41pm | 168BP (NYSE: BP) is suing Transocean (NYSE: RIG) for $40 billion, seeking to recover costs from the Deepwater Horizon disaster that occurred last year. The complaint was filed Wednesday in federal court in New Orleans. BP accuses Transocean of negligence, saying it caused the drilling rig to be "...
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BP Going After Cameron, Transocean In Court
Wednesday, April 20, 2011 - 10:40pm | 348BP (NYSE: BP) filed suit against Transocean (NYSE: RIG), the world's largest provider of offshore drilling services, today in New Orleans federal court, seeking damages of at least $40 billion while saying the Swiss company is to blame for the Gulf of Mexico oil spill. BP, Europe's second-largest...
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Noble Corp. Reports EPS $0.15 vs. $0.17 Estimate; Revenues $578.9M vs. $558.08M Estimate (NE)
Wednesday, April 20, 2011 - 4:35pm | 21Noble Corp. (NYSE: NE) Reports EPS $0.15 vs. $0.17 Estimate; Revenues $578.9M vs. $558.08M Estimate
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Nabors Secures Additional $550 Million Unsecured Revolving Credit Facility (NBR)
Wednesday, April 20, 2011 - 4:07pm | 220Nabors Industries Ltd. (NYSE: NBR) today announced the closing of an additional unsecured revolving credit facility with an aggregate principal amount of $550 million. The duration and terms of this new facility are substantially the same as the $750 million credit facility we established last...
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Benzinga's Top Upgrades (SAFM, SUG, INTC, NE)
Wednesday, April 20, 2011 - 8:29am | 137Sanderson Farms Inc (NASDAQ: SAFM) was upgraded by Jefferies from "hold" to "buy." SAFM's shares closed at $45.09 yesterday. Sanderson Farms' trailing-twelve-month revenue is $1.93 billion. Wells Fargo upgraded Southern Union Company (NYSE: SUG) from “market perform” to “outperform.” SUG's shares...