Oil & Gas Storage & Transportation

Nordic American Tankers Ltd. (NYSE: NAT) today announced the pricing of its previously announced underwritten public offering of 5,500,000 common shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. The net proceeds of the offering are...

Nordic American Tankers Limited (NYSE: NAT) (the "Company") today announced an underwritten public offering of 5,500,000 common shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. The net proceeds of the offering are expected to be used to...

When it comes to the stock market in 2012, should we be optimistic or pessimistic? The Wall Street Journal's Jonathan Cheng recently had an article entitled "A New Year, the Same Ol' Pessimism" on how Morgan Stanley's chief US equity strategist Adam Parker believes that there will be a bear...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Union Pacific (NYSE: UNP) had the “best quarter out of all of the rails. They are doing a lot of business, they are a terrific stock." For Barnes & Noble (NYSE: BKS), he said, "Everyone wants to own this stock, but I cannot...

Eli Lilly and Company (NYSE: LLY) Chairman, President and Chief Executive Officer John C. Lechleiter, Ph.D., today said new trade agreements, effective public policies, and continued collaboration to bring innovation to patients are needed to assure improved health and economic prosperity in the...

Wells Fargo (NYSE: WFC) is the target of a class-action suit claiming the banking giant illegally refused to grant permanent loan modifications it promised homeowners who successfully completed a trial mortgage modification under the tax-payer supported Homeowner Affordable Modification Program....

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Under Armour (NYSE: UA) has “come down 10 points. I think it's time to pull the trigger." For Cliffs Natural Resources (NYSE: CLF), he said, "We are in the middle of a big decline in the commodity stocks. The markets have spoken...

Amkor Technology (NASDAQ: AMKR) +16.95% after the company announced an exchange offer earlier today. Nordic American Tanker Shipping (NYSE: NAT) +10.35% on the strength in the shipping industry. Diana Shipping (NYSE: DSX) +8.78% on the strength in the shipping industry. NXP Semiconductors (...

Nordic American Tankers Limited (NYSE: NAT) today announced that the Company has agreed to acquire its twentieth vessel, a double-hull suezmax tanker built at Samsung Heavy Industries, Korea. The agreed purchase price is $24.45 million. This first class vessel is expected to be delivered to us no...

According to Deutsche Bank, Frontline (NYSE: FRO) price target is lowered to $11. Deutsche Bank said that FRO reported a better-than-expected Q2 adjusted EPS loss of $0.30, ahead of the estimated loss of $0.47 and a Consensus loss of $0.36. “We are lowering our 2011 and 2012 EPS estimates to a...