Oklahoma City woos Dell for riverfront computer center
Oklahoma City considers a package to lure Dell Inc with about 60 acres of riverfront land, city financed roads and infrastructure. Dell also weighs Norman site. decision expected within two weeks. Riverfront redevelopment aims to spur urban waterway development and job creation.
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Oklahoma City
Dell Inc
Oklahoma
Oklahoma River
Round Rock
Mick Cornett
Dell
Norman
Cornett
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Pat Downes
Riverfront Authority
U.S. Army Corps of Engineers
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Microsoft to pay 75 billion to shareholders
Microsoft plans up to 75 billion in dividends and stock buybacks over four years. A one time dividend of 3 dollars per share and annual dividends doubling to 32 cents per share accompany up to 30 billion in share repurchases. Executive says R D will not be cut. Steve Ballmer notes continued major investments.
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Seattle
Microsoft Corp
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Oil giant eyes Libya return after sanctions lift
ChevronTexaco officials met Libyan oil executives in Tripoli to discuss investing in Libya’s oil and gas industry. Spokesman Andy Norman said talks are preliminary and the company is very interested in returning now that U.S. sanctions have been lifted. Chevron operated in Libya for decades before joint ventures were seized in the 1970s.
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Washington
Dow Jones/AP
ChevronTexaco Corp
Tripoli
Pariah
ChevronTexaco
Andy Norman
U.S
Libya
United States
Chevron
Texaco
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Nigerian chosen to lead Shell Nigeria subsidiary
Basil Omiyi was named managing director of Shell Petroleum Development Company of Nigeria Ltd, becoming the first African in the post. The appointment aims to appease unions and ethnic groups amid production threats as multinationals lean on West Africa for oil. Omiyi takes the role Sept. 1, guiding Nigeria's top oil producer in Africa's largest exporter.
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Nigeria
Royal Dutch/Shell
Basil Omiyi
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Shell Petroleum Development Company of Nigeria Ltd
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Wells Fargo profits rise over 12 percent in Q2
Wells Fargo & Co. reported second-quarter net income of 1.71 billion dollars or 1 a share, up from 1.53 billion or 90 cents a share a year earlier. The results reflected 14 cents a share in charges for balance sheet repositioning due to higher rates, a 14 billion dollar securities and mortgage sale, plus 1 cent a share from market-sensitive income.
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San Francisco
Dow Jones/AP
Wells Fargo & Co
Texas Instruments profits triple on strong demand
Texas Instruments reported April-June profits of 441 million dollars or 25 cents per share, up from 121 million or 7 cents a year earlier. Revenue rose 39 percent to 3.24 billion as demand for chips for mobile devices continued, meeting Wall Street expectations. Continental Airlines posted a 17 million dollar quarterly loss due to fuel, taxes, and leased aircraft retirement. RadioShack posted a 19 percent rise in second quarter profit to 68.3 million dollars on 1.05 billion in revenue, lifting full-year earnings guidance.
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Dallas
Texas Instruments Inc
Wall Street
Thomson First Call
Houston
Continental Airlines Inc
Continental
Fort Worth
Dow Jones/AP
RadioShack Corp
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