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Occidental Q2 profit spikes but misses Street
July 27th @ 11:54 AM GMT
Reuters — Occidental Petroleum Corp posted a 57 percent increase in quarterly profit on Tuesday, as higher energy prices gave a big boost to the fourth-largest U.S. oil company, but results still missed expectations. (Business)
Oil India keen to bid with ONGC for BP's Vietnam asset
July 27th @ 11:54 AM GMT
Reuters — State-run explorer Oil India Ltd is keen to partner Oil and Natural Gas Corp led consortium to buy BP's stake in offshore Vietnamese gas field, its head N.M. Borah said on Tuesday. (Business)
Stocks set to extend gains on upbeat earnings
July 27th @ 11:54 AM GMT
AP — Stocks are set to continue their run higher Tuesday as economic and earnings reports worldwide are boosting optimism about the health of the global economy... (Business)
L-3 Cuts View
July 27th @ 11:54 AM GMT
Wall Street Journal — Defense contractor L-3 said profit rose 1.3% as revenue increased less than expected. It also lowered its full-year forecast. (Business)
DuPont 2Q profit climbs; lifts outlook for year
July 27th @ 11:47 AM GMT
AP — Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as revenue surged in most of its businesses and it raised prices... (Business)
UBS outshines Deutsche Bank
July 27th @ 11:43 AM GMT
Reuters — UBS flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by the European sovereign debt crisis. (Business)
Home shoppers taking fresh look at renting
July 27th @ 11:42 AM GMT
MSNBC — As the real estate market has turned, so, too, has the real estate consumer. Many adults are no longer sold on the merits of owning a home. (Business)
Lexmark posts higher-than-expected profit
July 27th @ 11:41 AM GMT
Reuters — Lexmark International Inc posted a higher-than-expected quarterly profit on Tuesday on strong sales of printers and supplies, and as improved demand for services helped beef up margins. (Business)
FedEx, UPS Signal Export-Led U.S. Growth Momentum
July 27th @ 11:41 AM GMT
Business Week — FedEx Corp. and United Parcel Service Inc., two bellwethers of the U.S. economy, are signaling durability of a global recovery powered by growth overseas rather than demand at home. (Business)
BP replaces CEO and posts $17 billion quarterly loss
July 27th @ 11:38 AM GMT
Reuters — Oil giant BP Plc launched a plan to repair its battered image in the United States on Tuesday, ditching its gaffe-prone chief executive and promising to slim down by trebling an asset sale target to $30 billion. (Business)
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