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SM Energy Company latest news:
$1.6B Canada-New England hydropower project wins key permit
The U.S. Department of Energy has granted a key permit for a transmission project that would carry hydropower from Canada to energy markets in southern New England.
BRIEF-Kosmos Energy reports Q3 loss per share $0.16
* Q3 earnings per share view $-0.10 -- Thomson Reuters
Hess Corp to sell its interests in offshore Equatorial Guinea
Oil producer Hess Corp (HES) said on Monday it would sell its interests in offshore Equatorial Guinea to Kosmos Energy (KOS) and Trident Energy for $650 million. The company, which reached a $200 million tax settlement with Equatorial Guinea earlier in the day, said net production from the assets averaged 28,000 barrels of oil per day.
Dow, S&P 500, Nasdaq jump to fresh intraday records as energy shares rallies
U.S. stocks climbed on Tuesday at the open as the energy sector rallied and as the International Monetary Fund raised its outlook for global growth, reinforcing optimism about the health of the world economy that has helped drive equities to all-time highs. The Dow Jones Industrial Average advanced 78 points, or 0.4%, at 22,839, the S&P 500 index gained 10 points, or 0.4%, at 2,554, aided by a firm climb in the energy sector, measured by the Energy Select Sector SPDR ETF. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.4%, to 6,607. All three benchmarks notched intrady records in early Tuesday trade. The IMF said roughly 75% of the world's economy is sharing in the acceleration, a broader recovery than any in a decade. But it warned that a too-quick tapering from quantitative-easing measures by the European Central Bank and China failing to get a handle on its credit growth as factors that could derail economic progress. In corporate news, Procter & Gamble Co. shares gained as the consumer-products giant held an annual general meeting where a proxy vote among shareholders will decide on whether Trian Fund Management LP's chief executive officer, Nelson Peltz, gets a seat on the company's board. Meanwhile, Wal-Mart Stores Inc. shares were leading blue-chip gains, up 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Theresa May revives plan to cap energy prices
The Prime Minister says a cap is needed to fix a broken system, sparking criticism from big energy firms.
Fmr. Equifax CEO to expose chain of errors that led to breach in congressional testimony
Now-retired Equifax CEO Richard Smith will testify before the House Committee on Energy and Commerce Tuesday, where he is expected to apologize for his company’s failure to fix a flaw that led to a massive data breach.
Equifax says millions more customers affected in cyberattack than previously reported
Equifax Inc. said late Monday that about 2.5 million more U.S customers were affected by a recent cyberattack than previously reported following a forensic analysis by security firm Mandiant. The addition of those customers bring the total U.S. customers potentially affected to 145.5 million. On Monday, Equifax's former chief executive, Richard Smith, apologized in testimony before a House Energy and Commerce subcommittee for allowing a software vulnerability to remain on a company application. Smith retired in late September soon after the incident. In late September, Mandiant, which is owned by FireEye Inc. reported that hackers had been roaming on Equifax's network undetected for more than four months. Equifax said that no databases outside the U.S. were affected by the hack and that Mandiant did not identify any evidence of additional or new hacker activity. Equifax said that it will mail written notices to all U.S. customers potentially affected by the hack, which was discovered on Sept. 7. Equifax shares slipped 0.3% to $107.45 after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Former Equifax CEO apologizes for data breach in congressional testimony
Former Equifax CEO Richard Smith said he's "deeply sorry" for a data breach at the company that affected more than 140 million Americans. In testimony prepared for a House Energy and Commerce subcommittee hearing on Tuesday, Smith said Equifax was hacked by a "yet unknown entity" and that hackers exploited a vulnerability in software the company was using. "The vulnerability remained in an Equifax web application much longer than it should have," Smith said. The hearing on Tuesday is one of several scheduled this week regarding the breach. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Harvey caused 'broad disruptions' to U.S. economy: Fed
Businesses offered an early assessment of the storm's impact on energy infrastructure, freight haulers and other areas.
BRIEF-SM Energy says experiencing temporary production curtailments due to Hurricane Harvey
* SM Energy says "are experiencing temporary curtailments of
some of our production due to" Hurricane Harvey "on third-party,
10 tech products that will save you money on your utility bills
Smart products like the TP-Link Smart Plug, Haiku Home L Series Ceiling Fan, and Nest Learning Thermostat can reduce your home's energy bills.
Gasoline ends barely higher after touching a 5-month high
Gasoline futures eked out a small gain Friday, but that marked a hefty retreat from the nearly five-month highs it saw earlier in the session. Oil prices, meanwhile, settled higher, paring a loss for the week as Hurricane Harvey, bearing down on the Gulf Coast, threatened to disrupt refinery activity, as well as energy production and demand. September gasoline rose less than half a cent, or under 0.2%, to end at $1.667 a gallon, after touching a high of $1.741. For the week, it still rose 2.6%. October West Texas Intermediate crude added 44 cents, or 0.9%, to settle at $47.87 a barrel on the New York Mercantile Exchange. It was down 1.6% for the week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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