China completes work on giant oil and gas platform for the Gulf
China has completed construction of a massive offshore oil and gas platform, state media reported on Monday. The platform, which took three years to build, is 24 stories high, weighs more than 17,000 tons and has a platform the size…
Next week on Wall Street: Investors focus on Producer Price Index (PPI), Consumer Price Index (CPI), Walmart earnings
Following last week’s stock market collapse, Wall Street investors’ eyes next week will be on inflation figures scheduled for release on Tuesday and Wednesday: the Producer Price Index and the Consumer Price Index. Other important economic data will also be…
Oxy CEO Hollub on divestment plans: This is not a “distress sale”
Vicki Hollub, president and CEO of Occidental Petroleum, took the microphone on August 8 and told M&A dealers, buyers and investors: “Some people think this is a fire sale, but it is not.” Hollub was responding to questions during Oxy’s…
