Stocks and commodities fell sharply Friday amid anxiety that China will hike interest rates to keep its economy from overheating. The Dow flirted with a triple-digit loss. Gold and oil prices likewise plunged.
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Chevron (CVX) will buy Atlas Energy (ATN) for $3.2 billion cash and $1.1 billion of assumed net debt. Acquiring Atlas will give Chevron a greater presence in the Pennsylvania’s Marcellus Shale natural-gas deposits.
“This acquisition is the right opportunity for Chevron,” said George L. Kirkland, Chevron vice chairman. “We are acquiring a company that has one of the premier acreage…
Continue reading Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion
Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion originally appeared on DailyFinance on Tue, 09 Nov 2010 07:48:00.
Filed Under: Energy, Company News, Technology, Green, Chevron
Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items.
Sales and other operating revenues were $48 billion in the third quarter of…
Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to p…
Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Continue reading Dow Dives …