SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK), a coal and coke processor, announced on Tuesday that it has landed a deal with the local government of Pingdingshan. In the said deal, the local government agrees to provide SinoCoking with a wide gas distribution network, storage facility, and a 7.5 square miles piece of land…
Bank of America Corp (BAC), Sprint Corporation (S), and Petroleo Brasileiro Petrobras SA (ADR) (PBR): Most Active Stocks of the Week
Bank of America Corp (NYSE:BAC), Sprint Corporation (NYSE:S), and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) are among the top three stocks traded over the week with highest trade volume. Both Bank of America Corp (NYSE:BAC) and Sprint Corporation (NYSE:S) are trading above their average price. Bank of America Corp (NYSE:BAC) was the most traded share…
Cramer’s Top Dividend Picks: KKR & Co. L.P. (KKR), NuStar Energy L.P. (NS), El Paso Pipeline Partners, L.P. (EPB)
El Paso Pipeline Partners, L.P. (NYSE:EPB), KKR & Co. L.P. (NYSE:KKR), and NuStar Energy L.P. (NYSE:NS) are among the top picks from Jim Cramer with the highest dividend yield. All of these companies have been recommended by Jim Cramer during the last 30 days and each of them has an dividend yield of higher than 6%. El…
Tesla Motors Inc (TSLA)’s $1.3 Billion Tax Incentives Package Is Signed By Nevada Governor
Tesla Motors Inc (NASDAQ:TSLA) had a breakthrough in its quest to set up a $5 billion mega factory in Nevada after the Governor of the State signed a $1.3 billion tax break to be spread over 20 years. A total of four bills were passed in both houses to call for the Governor’s pen. The…
AT&T Inc. (T), Verizon Communications Inc. (VZ), and Exxon Mobil Corporation (XOM) Emerge Top on Corporate Spending
In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications…
SinoCoking Coal and Coke Chem Ind, Inc (SCOK)’s Stocks Soar 200% Post Clean Energy Deal in China
SinoCoking Coal and Coke Chem Ind, Inc (NASDAQ:SCOK) witnessed a 200% increase in its share prices after it announced a clean energy deal with leading Chinese Research institutes. The company is ready to work with research institutes to work on a cleaner fuel called syngas. SinoCoking Coal and Coke Chem Ind, Inc (NASDAQ:SCOK) came to…
General Electric Company (GE)’s Oil Business Ready to Beat Industry Growth Rates
General Electric Company (NYSE:GE) is all set to outgrow the industry average with its Oil and Gas business and the company is likely to defeat the industry average for several upcoming years. After 2009, the Oil Division of General Electric Company (NYSE:GE) had a 75% growth in its revenue to $17 billion and the company…
BP plc (ADR) (BP) Might Cut Off Russian Investments After $18 Billion in Penalties
After a federal judge ruling going against the company, BP plc (ADR) (NYSE:BP) might consider reducing its exposure in Russia. The disinvestment is quite possible considering the current political stress between Moscow and other western countries. Earlier, a U.S. district judge in New Orleans, Carl Barbier, found BP plc (ADR) (NYSE:BP) guilty in the 2010…
BP plc (ADR) (BP) Might Face $18 Billion Penalties in Deepwater Horizon Explosion
Four years after the Deepwater Horizon rig explosion, BP plc (ADR) (NYSE:BP) was found guilty according to a federal judge ruling. The company might face civil penalties of $18 billion because of the resultant pollution in the Gulf of Mexico as stated under the U.S. Clean Water Act. According to Carl Barbier, U.S. District Judge…
BP plc (ADR) (BP) Wants Gulf Spill Claims Administrator Replaced Due to Conflict of Interest
Oil giant BP plc (ADR) (NYSE:BP) has moved to a US court seeking to have Patrick Juneau who was appointed by a court to administer the Gulf Oil Spill claims replaced, citing conflict of interest. The company claims that the lawyer, who had previously represented some claimants, is approving claims in a manner that isn’t…