Stock Analysts

Eni in Russian South Stream Venture (E) (STO)

Italian energy company, Eni SpA ( E ), in association of Electricite de France SA (EDF) and Wintershall AG, signed a shareholder agreement with Russian state run gas firm OAO Gazprom to win a 50% share in the South Stream gas pipeline project. The agreement, signed by representatives of the four companies in the presence of Russian Prime Minister Vladimir Putin, confers Eni a 20% interest in the offshore section of the pipeline, while other associates –– France’s EDF and Germany’s Wintershall –– will each get a 15% stake. On the other hand, Gazprom is entitled to the remaining 50% stake […]

Stock Analysts

Sasol Forays into Uzbekistan (CVX) (OXY) (SSL)

South Africa-based petrochemicals group Sasol Ltd. ( SSL ) along with its partners –– Uzbekneftegaz and Malaysia’s PETRONAS –– have agreed to install a gas-to-liquids (GTL) project in Uzbekistan. In this regard, the trio has signed an investment deal with the country’s Minister of Foreign Economic Relations, Investment and Trade. […]

Stock Analysts

BNY Mellon Sells Unsecured Notes (BK) (DB) (MCO) (MS)

Last week, Bank of New York Mellon Corporation ( BK ) announced the sale of its 10-year senior unsecured notes with maturity date on September 23, 2021 and a maturity value of $1 billion. The company would begin the settlement from September 23, 2011. BNY Mellon sold these unsecured notes, having a coupon rate of 3.55%, at an issue price of $99.993 […]

Stock Analysts

Neutral on AXIS Capital (ACE) (AXS)

New business opportunities across several of AXIS Capital Holdings Ltd. ‘s ( AXS ) lines of business and geography have helped the company to achieve growth in premium writings. Also, the company continues to remain strongly capitalized an d focused on boosting shareholders valu e, through share buybacks and dividend hikes. […]

Fast Money Episodes

Upgrade for MGM Resorts

[cnbc 3000046661] Discussing the upgrade in MGM and whether now is the time to buy the stock after its big run-up, with Mark Strawn, Morgan Stanley, and the Fast Money traders with the play on Molycorp. […]

Mergers & Acquisitions

BV Investment Partners to Sell Vision Communications to EATEL

BV Investment Partners to Sell Vision Communications to EATEL PR Newswire BOSTON, Sept. 20, 2011 BOSTON , Sept. 20, 2011 /PRNewswire/ — BV Investment Partners (“BV”), today announced the signing of a definitive agreement to sell Vision Communications (“Vision” or the “Company”), a Louisiana based communications and broadband services provider, to EATEL. […]

Stock Analysts

Prologis Leases in UK (PLD) (PSB)

A leading real estate investment trust (REIT), Prologis ( PLD ), recently signed a lease with Expert Logistics for a space of 360,000 square feet. Expert Logistics is a subsidiary of DRL Holdings Ltd, the largest online kitchen appliance specialist in the United Kingdom (UK), which will occupy the entire facility. With this strategic move, Prologis would nearly complete the lease up of its development portfolio in the UK. […]