Williams sues ETE over merger breach in Delaware
The Williams Co sues Energy Transfer Equity for delaying the planned $37.7 billion merger, seeking court to force ETE to close by June 28. Separately, a Gulf oil spill cleanup continues after 88,200 gallons leaked south of Louisiana with 51,000 gallons skimmed. Nelson Peltz and Trian Partners exit PepsiCo stake, which had been about 1.3 percent. PepsiCo stock rose earlier but fell 2 percent after disclosure.
MENTIONED IN THIS ARTICLE
Williams Co
Energy Transfer Equity
ETE
Williams
Delaware
Gulf
Shell
Pepsico
Nelson Peltz
Trian Partners
Trian
Heinz
Bill Johnson
Bloomberg
One Year After Peak S&P 500 Still Stuck In Place
A year after its May 21 2015 peak at 2130.82 the S&P 500 has drifted with little progress and few new highs. Earnings recessions price strength, rising dollar and Chinese slowdown weigh on stocks while volatility remains. Past patterns show flat median returns after similar 365 day spells without new highs.
MENTIONED IN THIS ARTICLE
U.S
Standard & Poor
Federal Reserve
S&p 500
China
Erik Davidson
Wells Fargo Private Bank
New High Drought Reaches 365 Day Mark For S&P 500
The S&P 500 marked a new high on May 21, 2015 after 365 days without a prior peak. Data from BESPOKE INVESTMENT GROUP show mixed performance after such breaks with gains over six to twelve months, while the broader economy cycles through slow growth and occasional recessions. Experts weigh earnings, valuations, and global growth as factors needed to push to a fresh record.
MENTIONED IN THIS ARTICLE
U.S
Jonathan Golub
ABC Capital Markets
Bill Hornbarger
Moneta Group
Mark Luschini
Janney
Europe
China
Joe Quinlan
US. Trust
Worst may be yet to come for N D oil drillers
North Dakota oil producers face fragile demand as prices hover below 40 dollars a barrel for weeks. Lynn Helms notes a cautious rebound needed before mobilizing rigs with March output near 1.109 million barrels daily. He warns of continued declines and rising inactive wells despite price upticks.
MENTIONED IN THIS ARTICLE
N.D
North Dakota
Lynn Helms
North Dakota Department of Mineral Resources
Helms
West Texas
U.S
Peace Garden State
WTI
Canada
Ghana
Nigeria
Also Mentioned on This Page
Moneyline
Carl Court
AFP
Getty Images
Dow Jones
S&p
USA Today
Marketwatch.com
USA
Pseee
USATO
New York Stock Exchange
Jae Yang and
Kris Kinkade
Ource Bespoke
North Dakota Oil
Loveless
Washington
Bill Loveless
bill_loveless
Nergy
RT. 3
Department of Mineral Resources
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