NYSE

Venezuela To End All Ventures With Exxon Mobil

Hugo Chavez takes sample of Venezuelan oil
Venezuela's state-run oil company will terminate all ventures with Exxon Mobil (NYSE: XOM), the biggest U.S. oil company, when arbitration proceedings conclude, Oil Minister Rafael Ramirez said.
United Technologies (UTX)

United Tech To Sell Units, Scrap Stock Issue, To Raise $3B

Continuing its delicate game of portfolio balancing, United Technologies said Thursday it will sell off several major business units as way to raise cash for a previously announced $16.5 billion acquisition of aerospace manufacturer Goodrich Corp.
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Grasberg gold mine in Indonesia

Freeport-McMoRan Copper & Gold Cut Gold Output Estimate on Grasberg Strike

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) said Thursday that it has resolved a labor dispute with PT Freeport Indonesia workers at its Grasberg mining and milling operations, but that the work stoppage will cost the company production and sales of a significant amount of copper and gold.
EnCana In Wyoming

Tiny Wyoming Town Plays Big Role In Fracking Fight

The oil and natural gas industries await the outcome of a battle between federal regulators and proponents of hydraulic fracturing, or fracking -- a debate that's already center stage in Pavillion, Wyo., where the drilling practice has raised safety concerns.
Rush Limbaugh

Limbaugh Loses Almost 100 Sponsors In Scandal's Wake

The conservative radio host provoked the advertiser pullout by calling law student Sandra Fluke a slut and a prostitute after she had discussed with members of Congress her support of insurance coverage for contraceptives.
General Electric

GE's Stock Trades Higher; Analysts Cite GE Capital Improvement

GE was trading up $1.29 percent on Wednesday to $19.84 on a report from Credit Suisse analysts Julian Mitchell, Charles Clarke and Jonathan Shaffer which estimates that GE Capital will soon resume paying a dividend to its parent company, resulting in higher shareholder returns.
Tobacco

Tobacco Maker Reynolds American To Cut 10% Of Staff

Reynolds American Inc. (NYSE: RAI), the second-largest U.S. tobacco company, said Wednesday it would eliminate 10 percent of its workforce, or around 540 workers, by the end of 2014 in order to save money and refocus its business.
UnitedHealth is expanding health insurance services in the Middle East.

UnitedHealth Group In Mideast Partnership

UnitedHealth Group Inc. (NYSE:UNH), the biggest U.S. health insurer by revenue, said it was partnering with a Dubai-based insurance company to provide service throughout the Middle East. The announcement is further proof of an ongoing trend for U.S. health insurers, who are looking to expand internationally in the face of some business uncertainty at home.
Seaport

SHoP Wraps Green Sheath Around South Street Seaport

One of the oldest neighborhoods in Manhattan may soon get closer to nature. SHoP Architects and mall operator Howard Hughes Corp. (NYSE:HHC) unveiled an emerald proposal for the Pier 17 mall on the South Street Seaport last Thursday that will ease the historic district into the present.
Sign shows address of Goldman Sachs headquarters building in New York

Goldman Sachs CEO Fires Back At Disgruntled Banker

In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.
JPMorgan

Financials Rally After JPMorgan Dividend Announcement

JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
JPMorgan

Financials Rally Following JPMorgan Dividend Announcement

JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.

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