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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Dec 18, 2013 at 03:31

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

Barclays PLC

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  • iNVEZZ.com: Barclays has asked a judge to block federal energy regulators from collecting $488 million in fines for alleged manipulation of California electricity prices
  • Coin Desk: A Barclays customer in Scotland has claimed the bank blocked access to his account after he made two transactions to buy bitcoin

BP PLC

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  • Financial Times: BP has accused Mikal Watts, a leading US lawyer, who is an important fundraiser for President Barack Obama, of “brazen fraud” in his legal action for compensation over the 2010 Deepwater Horizon disaster

GlaxoSmithKline PLC

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  • Fox Business: GlaxoSmithKline will stop paying doctors for promoting its drugs and scrap prescription targets for its marketing staff - a first for an industry battling scandals over its sales practices, and a challenge for its peers to follow suit
  • Baltimore Business Journal: Maryland will get $15 million from a settlement with GlaxoSmithKline

Lloyds Group PLC

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  • iNVEZZ.com: Lloyds Banking Group will begin selling paid-for current accounts again, a year after it halted sales of the products due to concerns that they were being miss-sold

Resolution Ltd

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  • Ticker Report: Resolution’s shares had its “neutral” rating reaffirmed by Goldman Sachs Group in a research note issued on Tuesday; the stock has a $5.46 target price

Rio Tinto PLC

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  • Hunter Valley News: Rio Tinto has hit back at accusations that the company abused due process to gain approval for Mount Thorley Warkworth’s new expansion near Bulga in Australia
  • Australian Mining: Downer EDI has been awarded an $80 million contract for electrical work at Rio Tinto's Yandicoogina mine in Western Australia
  • Australian Mining: Downer EDI has been awarded an $80 million contract for electrical work at Rio Tinto's Yandicoogina mine in Western Australia

Royal Dutch Shell Plc

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  • Fuel Fix: Shell says it has boosted US gasoline sales over the last five years, despite plummeting demand for the fuel in the country; sales of its gasoline at retail stations have grown 5.5% since 2009, the company says
  • Zacks: Shell commenced operation after completing the reversal of its Houston-to-Houma pipeline

Tullow Oil PLC

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  • 4-traders: Tullow Oil has announced the completion of the sale of Tullow Bangladesh Limited through its subsidiary, Tullow Oil International Limited, to KrisEnergy Asia Holdings BV, a subsidiary of KrisEnergy Asia Limited
  • The Observer: Ugandan parliament clears Tullow of corruption allegations

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  • Barclays PLC
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  • BP PLC
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  • GlaxoSmithKline PLC
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  • Lloyds Banking Group PLC
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  • Resolution Ltd
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  • Rio Tinto PLC
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  • Royal Dutch Shell PLC
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  • Tullow Oil PLC
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