Occidental Petroleum expects to record an after-tax charge of $306 million, or 71 cents a share
Media Release
Jul. 5, 2006

Occidental Petroleum expects to record an after-tax charge of $306 million, or 71 cents a share in the second quarter related to the recent seizure of its Block 15 investment in Ecuador.

Occidental Petroleum expects to record an after-tax charge of $306 million, or 71 cents a share
Media Release
Occidental Petroleum expects to record an after-tax charge of $306 million, or 71 cents a share in the second quarter related to the recent seizure of its Block 15 investment in Ecuador.
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Fannie and Freddie should retain an ability to help prop up the mortgage market in times of turmoil : Chief Regulator
Media Release
Fannie and Freddie should retain an ability to help prop up the mortgage market in times of turmoil, their chief regulator said.
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Atlantic City casinos closed their doors as New Jersey's government shutdown dragged into its fifth day
Media Release
Atlantic City casinos closed their doors and ushered out gamblers Wednesday morning as New Jersey's government shutdown dragged into its fifth day.
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Nissan investors expressed skepticism about an alliance with GM and a French official urged Renault to be cautious
Media Release
Nissan investors expressed skepticism about an alliance with GM and a French official urged Renault to be cautious, as their boards voted to pursue a pact. GM's U.S. sales slid 26% in June, and Ford and Chrysler also saw big declines.
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Stocks are set to open lower Wednesday on North Koream missile tests
Media Release
Stocks are set to open lower Wednesday amid anxiety over reports that North Korea test-fired a series of missiles. Markets declined in Europe and Asia.
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Economists expect real GDP growth in US to ease to an annualized 2.9% with accelearted inflation
Media Release
Economists expect real GDP growth to ease to an annualized 2.9% in the second half as inflation accelerates, a Wall Street Journal survey found. The forecasters' biggest concern was that Fed rate raises may tip the economy into recession.
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Volkswagen and General Motors, the two largest carmakers in China, saw a dramatic surge in first-half sales
Media Release
Volkswagen and General Motors, the two largest carmakers in China, saw a dramatic surge in first-half sales as car ownership begins to take off in the heavily populated inland areas of the country.
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Cash-rich China Mobile will continue its search for overseas assets
Media Release
Cash-rich China Mobile will continue its search for overseas assets in spite of its eleventh-hour decision to abort a $5.3bn bid for Millicom International Cellular, according to sources close to the company.
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The stock options backdating scandal in the US widened this week
Media Release
The stock options backdating scandal in the US widened this week as four companies said they were being investigated by the Securities and Exchange Commission or federal prosecutors.
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