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Category Archives: PPM Blog

Rose Rock buys into Colorado-Cushing oil pipeline

Rose Rock Midstream L.P. (RRMS) has agreed to buy a 33% stake in SemCrude Pipeline L.L.C. from SemGroup Corp. (SEMG) for $273.9 million, a move that allows it to complement its existing crude-based business by giving it a 17% stake […]

SunCoke resumes SunCoke Energy Partners IPO plans

SunCoke Energy Inc. (SXC) has resumed plans to take SunCoke Energy Partners L.P. public and said the energy partnership will also sell $150 million of seven-year senior unsecured notes in a private placement. Read More

Bunzl says trading has been in line with views

LONDON–Bunzl PLC (BNZL.LN), a distribution and outsourcing company, Wednesday reported that trading has been consistent with expectations since October, saying that it expects to report underlying revenue growth of 2.5% for the year. Read More

Renault selling its remaining stake in Volvo

PARIS–Renault SA (RNO.FR) said Wednesday it is raising about EUR1.6 billion ($2 billion) through the sale of its remaining 6.5% stake in Sweden’s AB Volvo (VOLV-B.SK) in a move aimed at bolstering the finances of the French auto maker and […]

Movers & Shakers: Monday’s big movers: Mr. Dimon goes to Washington

Shares of Nexen and Groupon make big moves during U.S. trading Monday, while Google and Apple are among top trending tickers. Read More

Sharp, Qualcomm join on next-gen LCD panel: report

OSAKA (Nikkei) — Sharp Corp. (6753.TO) and Qualcomm Inc. of the U.S. have reached an agreement to jointly develop an energy-efficient LCD panel for smartphones using the Japanese firm’s proprietary technology, The Nikkei reported in its Tuesday morning edition. Read […]

Hong Kong stocks rise in cautious month-end trade

HONG KONG (MarketWatch) — Hong Kong stocks inched up in cautious early trade Friday as investors remained focused on the U.S. fiscal cliff, with banks higher while Hong Kong Exchanges & Clearing Ltd. dropped after announcing a fundraising plan. The […]

Asia Markets: Asia stocks buoyant at month’s end

Most Asian stocks rise as investors take in their stride indications that no major progress had been made to avert the U.S. fiscal cliff, with Chinese shares rebounding from near four-year lows to snap a four-day losing streak. Read More

Caixin Online: Goldman Sachs has eyes on the prize in China

Mark Schwartz is the highest ranking executive Goldman Sachs has ever posted in China, and he aims to make it nothing less than the top investment bank in the country, Caixin Online reports. Read More

Wuhan Steel plans $2.4 billion private placement

SHANGHAI–Wuhan Iron & Steel Co. 600005.SH said Tuesday that it plans to raise 15 billion yuan ($2.39 billion) via a private placement to buy mining assets from its parent company. The Chinese steelmaker plans to sell up to 4.2 billion […]