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Top related persons:
Tyler Loudon - 3 Loudon - 3 Peter Zeidenberg - 2 Roth - 2 New York CNN — - 1 “ - 1 ” - 1 Eric Werner - 1
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Houston Southern District America Loudon TravelCenters New York Texas Fort Worth
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SEC - 3 BP - 3 Exchange Commission - 2 New - 1 New York CNN - 1 The Securities - 1 Fort - 1 Court - 1

Search resuls for: "TravelCenters"


10 mentions found


☆ Texas man eavesdropping on wife’s phone calls faces criminal charges — and divorce — after $1.76 million insider trading plot
  + stars: | 2024-02-26 | by ( Krystal Hur | ) edition.cnn.com   time to read: +2 min
New York CNN —A Texas man is facing insider trading charges and jail time after he used information gleaned from eavesdropping on his wife’s work-from-home calls, netting him $1.76 million from an upcoming oil industry acquisition. Loudon purchased 46,450 shares of TravelCenters stock after learning of the impending merger, according to an SEC filing. When the share price popped 71% following the announcement, he sold all of his shares, raking in more than $1.76 million. The SEC’s complaint, filed in the US District Court for the Southern District of Texas, charges Loudon with violating the antifraud components of federal securities laws. She reported the trading to her supervisor and was later terminated from the company, according to the filing.
Persons: New York CNN —, Tyler Loudon, “, Loudon, ”, Eric Werner, “ Mr, Peter Zeidenberg, Roth Organizations: New, New York CNN, The Securities, Exchange Commission, SEC, Fort, Court, Southern, Southern District of, US, Office, CNN Locations: New York, Texas, Houston, Fort Worth, Southern District, Southern District of Texas
☆ BP exec's husband guilty of insider trading $1.8 million, snooped on her calls
  + stars: | 2024-02-25 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +3 min
The SEC said that Loudon's wife acknowledged occasionally discussing the acquisition with her husband in "normal" married-couple types of conversations. But over the next few months, Loudon, without telling his wife, accumulated 46,450 shares of TravelCenters, according to the U.S. attorney's office. But in March, the Financial Industry Regulatory Authority requested from BP a list of people who were "in the know" about the TravelCenters acquisition before it happened. "Loudon's wife responded that they would." Loudon's wife reported her husband's insider trading to her BP supervisor but she was later fired from the company.
Persons: Tyler Loudon, Alamdar Hamdani, Loudon, Mr, Peter Zeidenberg, Loudon's, Roth, TravelCenters Organizations: BP, Southern District of Texas, Securities and Exchange Commission, CNBC, Authorities, TravelCenters, SEC, Roth IRA, Financial Industry, Authority Locations: Southend, United Kingdom, America, Houston, Southern District, Loudon, Rome, TravelCenters
☆ Texas man guilty of making $1.8M after eavesdropping on his wife's work calls as they worked from home
  + stars: | 2024-02-24 | by ( Alia Shoaib | ) www.businessinsider.com   time to read: +2 min
Read previewA Houston man has pleaded guilty to insider trading after he made $1.76 million in illegal profits after listening in on his wife's work calls as they worked from home. AdvertisementThe regulator said that Loudon purchased 46,450 shares of TravelCenters stock without his wife's knowledge before the deal was announced. It alleged that he "took advantage of his remote working conditions and his wife's trust to profit from information he knew was confidential." He told her he did it because he didn't want her to work long hours anymore, said the SEC complaint. The SEC noted that Loudon had not denied the allegations and had agreed to a partial judgment subject to court approval.
Persons: —, Tyler Loudon, Alamdar, Hamdani, Loudon, scrutinizing, didn't Organizations: Service, BP, Business, Securities, Exchange Commission, SEC Locations: TravelCenters, Loudon
☆ BP buys $100 million worth of Tesla chargers
  + stars: | 2023-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +1 min
CNN —Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number of chargers was mentioned in the announcement. These chargers won’t look like other Tesla chargers, though. BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.
Persons: Tesla Organizations: CNN —, BP, Tesla, CCS, Amoco, Hertz, EV Locations: America
☆ BP’s Fuel Station Deal Meets Inconvenient Bid
  + stars: | 2023-04-06 | by ( Jinjoo Lee | ) www.wsj.com   time to read: +1 min
Travel Center of America shareholders will vote on the matter on May 10. TravelCenters, though, wants to stick with BP’s lower bid. Depending on whom you ask, it is either playing it safe or catering to one conflicted shareholder, shortchanging the majority. About a month later, fuel station operator ARKO emerged with an unsolicited rival bid of $92 a share. Investors will get to vote on the matter on May 10, according to TravelCenters’ proxy filed on Monday.
☆ Big Oil Prepares for Upheaval at the Gas Station
  + stars: | 2023-03-17 | by ( Carol Ryan | ) www.wsj.com   time to read: 1 min
Electric vehicles are a small but growing share of cars on the road. Energy companies already need to prepare for how they will change the gas station. On Thursday, Paris-listed TotalEnergies agreed to sell around 2,200 gas stations in Europe to Canadian convenience-store company Alimentation Couche-Tard for €3.1 billion, worth $3.3 billion at current exchange rates. It is the second big deal in this space this year. BP paid $1.3 billion for TravelCenters of America in February, which has 280 locations on U.S. highways.
☆ BP to buy TravelCenters of America for $1.3 billion
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +1 min
Feb 16 (Reuters) - TravelCenters of America Inc (TA.O) said on Thursday it would be acquired by BP Plc (BP.L) for about $1.3 billion in cash, as the British energy giant looks to expand its travel convenience and fuel supply footprint in the United States. BP has offered $86 per TravelCenters share held, which represents a 74% premium to the stock's last close on Wednesday. TravelCenters owns a network of about 281 highway sites across 44 states and offers services including diesel and gasoline fuel, truck maintenance and repair, restaurants, travel stores, and parking. Convenience is one of BP's five strategic transition growth engines. By 2030, the London-listed aims for around half its annual investment to go into these transition growth engines.
☆ BP to buy TravelCenters for $1.3 bln in U.S. fuel retail drive
  + stars: | 2023-02-16 | by ( ) www.reuters.com   time to read: +1 min
Feb 16 (Reuters) - BP Plc (BP.L) will buy truck fueling provider TravelCenters of America Inc (TA.O) for about $1.3 billion in cash, the companies said on Thursday, as the British energy giant seeks to expand its travel convenience and fuel supply footprint in the country. Shares of the U.S. truck stop operator surged about 71% to $84.3 in morning trading, hovering near BP's per share offer of $86. TravelCenters owns a network of about 281 highway sites across 44 states and offers services including diesel and gasoline fuel, truck maintenance and repair, restaurants, travel stores, and parking. BP has been pushing to boost its investments in convenience, bioenergy and EV charging. By 2030, the London-listed company aims for around half its annual investment to go into these transition growth engines.
☆ Factbox: Potential winners and losers from the new U.S. EV charging standards
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +5 min
EV CHARGING COMPANIES: Many, including Volkswagen's (VOWG_p.DE) Electrify America, ChargePoint(CHPT.N) and EVGo (EVGO.O), will accelerate the rollout of chargers due to the federal funding. U.S. EV AUTO SECTOR: The rollout of more charging stations will encourage EV adoption in the United States. INTERSTATE HIGHWAY REST STOPS: They could see an influx of investment as companies establish charging stations along heavily traveled routes. TESLA: Under the new charging standards, the White House said EV market leader Tesla (TSLA.O) has agreed to open part of its U.S. charging network to EVs made by rivals. EV CHARGING COMPANIES: While the charging companies get financial support in their expansion efforts, only a handful of the dozen who commented to the Biden administration ahead of Wednesday's announcement said that they could meet the "Buy American" standards under the proposed timelines.
☆ TravelCenters of America to Add EV Fast-Charger Stations
  + stars: | 2023-01-30 | by ( Jennifer Hiller | ) www.wsj.com   time to read: 1 min
While most EV charging takes several hours at home, fast chargers can repower a car battery in about 30 minutes. TravelCenters of America Inc. and Electrify America LLC plan to build around 1,000 electric-vehicle fast chargers across the U.S. starting this year, the latest matchup that would boost the amount of equipment available to American EV drivers who need a jolt of power on road trips. The partnership aims to add fast-charging stalls to around 200 of TravelCenters’ TA and Petro Stopping Centers. Fast chargers available to drivers of any kind of EV are in short supply across U.S. highways, where their presence is considered key to greater EV adoption as auto makers convert fleets to electric.
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