CNOOC Withdraws Unocal Bid Amid Political Pressure
China’s CNOOC drops its 18.5 billion cash offer for Unocal. The withdrawal clears the way for Chevron to clinch its 174 billion bid for El Segundo California based Unocal. CNOOC considered raising the bid but cited U.S. political obstacles.
MENTIONED IN THIS ARTICLE
New York
China
Cnooc Ltd
Unocal Corp
U.S
CNOOC
Chevron Corp
el Segundo
Calif
Unocal
China National Offshore Oil Corp
Chevron
Exxon Mobil Corp
Consumer spending rises 0.8 percent in June economy momentum
U.S. Commerce Department reports June spending up 0.8 percent after May flat. Incomes gain 0.5 percent as unemployment falls to 5 percent, signaling solid momentum into Q3. Factory orders up 1 percent in June, led by durable goods including machinery, computers, and boats.
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Washington
Commerce Department
Federal Reserve
Alan Greenspan
Steven Stanley
U.S
Department
Automakers extend employee discount programs in July gains
The Big Three GM Ford and Chrysler extended employee price discounts through September 6 as industry sales jumped in July. GM Ford and Chrysler posted a 26.5 percent rise in combined July results while overall car sales grew 4.2 percent and demand surged 36.7 percent. Ford led month over month gains with 35.5 percent, trucks up 38 percent and cars 26.7 percent, boosting a lackluster year for Ford so far.
MENTIONED IN THIS ARTICLE
Detroit
U.S
General Motors Corp
Ford Motor Co
Daimler- Chrysler AG
Chrysler Group
Toyota Motor Corp
Nissan Motor Co
Hyundai Motor Co
BMW
Mercedes-Benz
South Korea
Kia Motors Corp
Ford
Lincoln
Mercury
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Department of Commerce
ROLEX
Cristianis
W. Wall
Midland
Permian High School
I.D
Sprint Pcs Vision
Sanyo* With
Wei
Accent Granite & Marble
Texas
Andy Lasater
Clay Hicks
Coors Rd
Sprintpcs.com
Odessa
Santa Fe
East 42Nd St
Midland Plaza
Midland Mall
N. Midkift
Penasco Valley
N. Grimes
Big Spring
E. FM
Sprint Pcs
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