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  1. TEXT-S&P affirms Kinder Morgan, El Paso Corp ratings

    Headlines

    Thu, 24 May 2012

    closed its purchase of El Paso Corp. for $38 billion. The combination creates the fourth-largest energy company in North America , with the largest natural gas pipeline network by a significant margin. -- We are affirming KMI's 'BB' corporate credit

  2. TEXT-S&P assigns Kraft Foods Group prelim 'BBB/A-2' ratings

    Headlines

    Thu, 24 May 2012

    Overview -- U.S.-based Kraft Foods Inc. plans to spin off its North American grocery business, Kraft Foods Group Inc. (KFG), through a distribution of KFG's stock to Kraft Foods' shareholders

  3. Sasol Proves Natural Gas To Liquid Fuel Technology Can Be Profitable

    Headlines

    Thu, 24 May 2012

    profitable natural gas to liquid conversion venture which may be a model for turning the huge amounts of natural gas available in North America into a different type of energy source - vehicle fuel. The spread between the market prices of crude oil and natural gas

  4. TEXT - Fitch to rate Tyco International's ADT NA American Residential Business

    Headlines

    Thu, 24 May 2012

    May 24 - Upon completion of Tyco International Ltd.'s (Tyco; NYSE: TYC) planned spin-off of the ADT North America Residential (The ADT Corporation / ADT) and Flow Control (Flow) businesses, Fitch Ratings expects to assign an Issuer

  5. UPDATE 2-Heinz cuts outlook; shares dip

    Headlines

    Thu, 24 May 2012

    May 24 (Reuters) - H.J. Heinz Co reported slightly weaker-than-expected fourth-quarter sales, hurt by a decline in North America , and lowered its earnings forecast for the new fiscal year and beyond.

  6. Shaw to Divest the Energy & Chemical Business at a Fair Price

    Commentary

    Thu, 24 May 2012

    in the petrochemical field, which somewhat limits its ability to enjoy the upswing of petrochemical market rebound in the North America . The transaction does not change our fair value estimate at this point. We are reducing the contribution from the Energy

  7. Small Miss in Q1 for Tiffany, but Shares Now Trading Down to Fair Value at Discount to Peers

    Commentary

    Thu, 24 May 2012

    continue to fall year over year, but soft sales results in North America (below the company plan), further worries in Europe ..... summer. In addition, management believes softness in North America and also in Europe is across price points, and is happening

  8. Chevron: Ready To Skyrocket On Natural Gas Rebound

    Headlines

    Thu, 24 May 2012

    acquisition of natural gas player XTO Energy and Royal Dutch Shell ( RDS.A ) snapped up around $11 billion in leases on North American natural gas plays, Chevron limited its U.S. based natural gas expenditures to its 2011 acquisition of Atlas Energy

  9. Emerging Markets Drive SABMiller's Fiscal 2012 Growth

    Commentary

    Thu, 24 May 2012

    SABMiller experienced volume declines in more mature markets, with lager volumes falling by 4% in Australia, 2% in North America , and 1% in Europe during the year. On March 6, the company completed their previously announced strategic alliance with

  10. Gentex's Analyst Day Leads us to Maintain Our Fair Value Estimate

    Commentary

    Thu, 24 May 2012

    mirrors. Also, the penetration rates for interior auto-dimming mirrors have a long way to go at only about half of the North American market, 25%-30% in Western Europe, and just 10% in Asia (mostly Japan). Our fair value estimate for Gentex remains

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