Oil prices rally to highest since October driven by demand
Oil traders cited a weak dollar and OPEC restraint as crude futures rose more than 10 since January while gasoline futures climbed. Exxon Mobil plans talks with Venezuela over a royalty tax hike on Cerro Negro projects. February sales beat expectations aided by tax refunds and new fashions. Napster raised Q1 revenue outlook after Napster To Go launch. Continental pilots consider 8.9 percent pay cut under concession package.
MENTIONED IN THIS ARTICLE
Organization of Petroleum Exporting
Exxon Mobil
Caracas
Venezuela
Exxon Mobil Corp
Hugo Chavez
Cerro Negro
Orinoco
Ministry of Energy
Midwest
Kohl's Corp
Sears, Roebuck and Co
Judge denies Yukos plea in U S bankruptcy filing case
U S Bankruptcy Judge Letitia Clark refused Yukos request to reverse dismissal of its bankruptcy filing and related lawsuits for lack of U S jurisdiction. She cited limited remaining assets and no strong U S presence, leaving Yukos to Russian courts and European arbitration.
MENTIONED IN THIS ARTICLE
Houston
Yukos
United States
U.S
Letitia Clark
Yukos’s
Mike Lake
Pany
U.S. District Court
Clark
Moscow
Yuganskneftegaz
Zack Clement
Fulbright & Jaworski
ChevronTexaco may bid for Unocal in early talks
The Wall Street Journal says ChevronTexaco is considering a bid for its smaller rival Unocal, in early deliberations with no formal offer. Unocal’s market value neared 14 billion, its shares jumped 12.3 percent while ChevronTexaco slipped slightly. Unocal has long been a takeover target amid CNOC interest. no comment from Unocal spokesman.
MENTIONED IN THIS ARTICLE
New York
ChevronTexaco Corp
U.S
Unocal Corp
Wall Street Journal
Unocal
the Journal
ChevronTexaco
New York Stock Exchange
China National Offshore Oil Corp
el Segundo
Calif
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Napster Ups
Napster Inc
Napster
Apple
iTunes
Los Angeles
Thomson First Call
Continental Airlines
UBS
Robert Ashcroft
Ashcroft
THE
Associated Press
Barry Lane
Sun River
van Heusen
Graphite
Sag Harbor
Tops & Capris
Rebecca Malone
Hannah and
More
Studio 1
Sangria
Scarlett and More
Reg.orig
Bealls
Ce A
Serre Hatta
Lea
Music City Mall
Live Oak Plaza
West County Plaza
Odessa
Mon
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