Stocks End Mixed On Oil Price Worries
Wall Street closed mixed as oil price gains pressured the market. The Dow fell 8.31 to 109,958.43 while the S&P 500 rose 1.85 to 1,095.41 and the Nasdaq gained 10.89 to 1,922.98. Altria dropped nearly 9 percent after a DOJ ruling linked to tobacco profits. Saudi pledge to boost output briefly spurred buys.
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Exxon Mobil to sell stakes to Apache for 285 million
Exxon Mobil will transfer stakes in 28 mature oil and gas fields in West Texas and New Mexico to Apache for 285 million, while keeping a revenue stake. The deal covers undeveloped Alberta lands, with Apache planning over 250 wells in two years. A separate five year joint exploration pact covers deep gas on 800000 acres in Louisiana and Gulf of Mexico. Apache operates in North America and abroad. Exxon Mobil is Irving, Texas based.
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Houston
Apache Com
Exxon Mobil Corp
Texas
New Mexico
Exxon Mobil
West Texas
Apache
Alberta
Louisiana
Gulf of Mexico
North America
Egypt
Australia
Britain
China
Argentina
Irving
SBC workers end four day strike heads home
SAN ANTONIO After four days on strike Monica Lailson returns to SBC Communications Inc and says she will resume marching if no contract is reached. The CWA rally outside SBC headquarters underscored unity as about 100000 SBC workers press for new terms and for revisions to positions in emerging tech.
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Monica Lailson
SBC Communications Inc
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Communications Workers of America
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Philippines
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Associated Press
Man injured at Garth Road pharmacy and felon nabbed on gun charges
Police say a man injured himself at a pharmacy on Garth Road and was treated at a hospital after being listed as a missing person. A local felon was arrested near midnight on Garth Road for allegedly possessing two firearms, with a shotgun found in his vehicle and a pistol in his shoe. Baytown police logged 133 calls from Sunday to Monday, including alarms and disturbances, with one assault and several thefts and accidents. Crime Stoppers offers cash tips at 281-472-TIPS.
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Garth Road
Baytown
Police
Baytown.org
Oil price hits new high as markets shrug at Saudi plan
Oil settles at 41.72 a barrel amid OPEC split as Saudi pledges extra output but others resist. Gasoline averages rise to 2.064 a gallon, a record, with June driving season near. Analysts note tight refining, strong Chinese demand, and terror fears fueling prices.
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Washington
Saudi Arabia
OPEC
Energy Department
New York Mercantile Exchange
United States
China
Lawrence Goldstein
The
Petroleum Industry Research Foundation
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