Higher demand for petroleum and chemical products, increased oil and gas production and better refining margins helped boost Exxon’s third-quarter earnings. The company beat analysts’ profit expectations, but missed Wall Street…
The oil behemoth reported a third-quarter profit of $7.4 billion due to higher crude oil and natural gas realizations, improved refining margins, and solid chemical results. But Exxon’s results are still nearly halfway below t…
Dow Chemical (DOW) reported its third-quarter net income fell 28% on several one-time charges. Excluding the charges, net income from continuing operations almost doubled, topping analysts’ estimates.
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Dow Chemical (DOW) reported its third-quarter net income fell 28% on several one-time charges. Excluding the charges, net income from continuing operations almost doubled, topping analysts’ estimates.
Continue …
Walmart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company.
This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported.
Walmart is now weighing up the option of buying a stake in Massmart greater than 50% of the company. The price would remain…
Continue reading Walmart Considers Scaling Back Massmart Plans
Walmart Considers Scaling Back Massmart Plans originally appeared on DailyFinance on Thu, 28 Oct 2010 06:44:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News