Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion

Chevron

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.

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“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…

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Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion originally appeared on DailyFinance on Tue, 09 Nov 2010 07:48:00.

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Qantas Grounds Airbus A380 Fleet After Emergency Landing

Qantas Airways (QUBSF) suspended all flights of Airbus A380s after one of its planes was forced to make an emergency landing following engine failure.

The A380 fleet will remain grounded “until we are confident that Qantas safety requirements have be…

Clothing to Get More Expensive in 2011 as Cotton Prices Rise

Looking good isn’t going to get any cheaper.

Clothing makers plan to raise prices in 2011 as they struggle to absorb the impact of soaring cotton costs, The Wall Street Journal reported. It cites companies including Hanesbrands, Jones Group and VF as planing to raise prices by as much as 10%.

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Cotton prices began to climb about a year ago. At first, retailers and manufacturers held…

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Clothing to Get More Expensive in 2011 as Cotton Prices Rise originally appeared on DailyFinance on Wed, 03 Nov 2010 08:14:00.

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