EnLink Midstream, a leading midstream provider formed through the combination of Crosstex Energy and substantially all of the U.S. midstream assets of Devon Energy, led by CEO Barry Davis and members of the company’s leadership team, visited the New York Stock Exchange and rang The Closing Bell® to highlight the completion of the transaction on March 10.
Two publicly traded entities exist: a general partner entity and the master limited partnership, which operate under the legal names EnLink Midstream, LLC and EnLink Midstream Partners, LP, respectively (collectively, “EnLink Midstream”). Both EnLink Midstream securities began trading...
US stock indices finished lower in choppy Tuesday trading as the markets still struggle amid recent economic concerns in China and ongoing tensions over the crisis in Ukraine. Also in focus was M&A among retail names which still dominate the earnings calendar. Energy and Materials led declines on the S&P 500 while Staples and Technology relatively outperformed. Gold has rallied to the plus side in late trading while Crude Oil remains lower through the session.
In U.S. economic news, The NFIB Small Business Optimism Index, which had been on a rebound, fell sharply in February, down 2.7 points to 91.4. A weakening in sales expectations pulled the index down the most, followed by economic expectations and hiring plans.
The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 4.0M job openings on the last business day of January, little changed from December. The hires rate (3.3%) and...
Executives of Lisle, Il.-based SunCoke Energy, Inc. visited the New York Stock Exchange. In addition, the company’s senior management team are hosting a joint Investor Day with SunCoke Energy Partners, L.P. (NYSE: SXCP) on Tuesday, March 11, 2014 at the New York Stock Exchange.
To mark the occasion, Fritz Henderson, Chairman and Chief Executive Officer, rang the NYSE Opening Bell.
SunCoke Energy, Inc. (NYSE: SXC) and SunCoke Energy Partners, L.P. (NYSE: SXCP)
SunCoke Energy, Inc. (“SXC”) and SunCoke Energy Partners, L.P. (“SXCP”) manufacture coke for use in the blast furnace production of steel....
From The Trading Floor: Stocks are trading in mixed territory this morning as the simmering situation in the Ukraine overshadows earnings and economic data today.
U.S. February Small Business Optimism falls to 91.4 from 94.1 the previous period
January Wholesale Inventories climbed 0.6%
January Wholesale Trade Sales fell -1.9%
Job openings in the U.S. rose to 3.974 million in January from 3.914 million the previous period
China is moving to further increase the role of the free market as part of its economic overhaul, saying it will allow the creation of five privately-owned banks on a trial basis. Alibaba Group plans to apply for a bank license in partnership with China Wanxiang Holding. In another measure, the People's Bank of China plans to liberalize deposit rates in one to two years.
As expected, the Bank of Japan has left its key interest rate at 0.1% and maintained...
Ahead of the Bell: Dow futures are trading down 6 points and S&P futures are trading down 2 points. Market participants remain cautious amid volatile trading in the past few weeks over the crisis in Ukraine and the pace of growth in China. Tensions continue to rise in Ukraine with diplomacy at a standstill as the US and other European allies get ready to impose additional sanctions against Russia. Industrial commodities such as steel remain broadly stable after recent major declines in the metals markets following February's drop in Chinese exports as investors worry about China's growth prospects. Bank of Japan said there was no need to adjust Japanese monetary policy for now but stands ready to pump additional stimulus into the economy if needed.