Videos - In The News

  •      02:33 PM Chevron Files Suit Against Lawyers, Consultants in Ecuador Case

    Chevron (CVX) is counter-suing the trial lawyers and consultants running the Ecuador case against the company, accusing the party of leading a fraudulent investigation. Chevron filed the lawsuit in the US District Court of the Southern District of New York.

    Meanwhile the lawsuit against...

  • 02:31 PM Praxair to Sell U.S. Homecare Business to Apria Healthcare

    Praxair (PX) announced Wednesday that it will sell its U.S. homecare business to Apria Healthcare. Terms of the agreement are not yet disclosed. The transaction will close during the first quarter 2011, subject to satisfaction of customary terms and conditions.

    Praxair's U.S. homecare...

  • 02:18 PM News Corp's Murdoch Introduced Apple's iPad Publication

    News Corp.'s (NYSE:NWSA) Rupert Murdoch introduced a news publication specifically for Apple's (NASDAQ:AAPL) iPad, according to a Bloomberg report, in a move that is expected to expand his media empire with a new business model.

    Murdoch said that the publication, called the Daily, will...

  • 01:42 PM Gulf of Mexico to Recover from BP Oil Spill by 2012

    "According to a report released today by the Gulf Coast Claims Facility, the Gulf of Mexico will be able to recover from BP's oil spill this past summer, the largest accidental spill in history, within two or three years.

    Kenneth Feinberg, administrator of the $20 billion claims fund,...

  • 01:37 PM Abercrombie & Fitch, Others Plan to Stop Reporting Monthly Sales Figures

    "Abercrombie & Fitch (ANF), Aeropostale (ARO) and American Eagle Outfitters (AEO) plan to stop reporting same-store monthly sales, Bloomberg reports. Retail executives say the practice puts too much emphasis on short-term results, the report notes.

    Still, the move is seen as making it...

  • 01:32 PM Valero Energy to Shut Texas Refinery Units

    Valero Energy (VLO) has announced that the company will shut down a crude unit and a coker for 51 days at its Port Arthur refinery in Texas, according to Bloomberg.

    The coker has a capacity of 100,000 barrels a day and the crude unit has a daily capacity of 250,000 barrels. The refinery...

  • 01:27 PM "Goodrich Awarded U.S. Army Contract to Deliver Laser-Detecting Systems "

    "Goodrich (GR) has been awarded a five-year contract for the delivery of laser-detecting systems to the U.S. Army, according to the Charlotte Business Journal. The contract is worth a maximum value of $47 million.

    The systems are set to be installed on U.S. Army Black Hawk and Apache...

  • 01:22 PM Alvarion Plunges 12%, as Q4 Results Swing to $11.2 Million Loss

    Alvarion Ltd. (ALVR), a 4G networks provider in the broadband wireless access market, dipped 12% to trade at $1.95 on Nasdaq, after the the company reported a Q4 net loss of $11.2 million or $0.18 per diluted share, compared with net income of $0.7 million, or $0.01 per diluted share in the same...

  • 01:22 PM Citigroup, Deutsche Bank Mixed; Freescale Semiconductor Hire

    Freescale Semiconductor, which is owned by private equity firm Blackstone Group (BX), has reportedly hired Citigroup (C) and Deutsche Bank (DB) to handle its initial public offer, reports Bloomberg, citing three people familiar with the matter.

    Freescale, was taken private in 2006 in a $...

  • 01:17 PM Hewlett-Packard Says Certain Products 'Impacted' by Intel Design Issue

    Hewlett-Packard (HPQ) shares are up fractionally after Bloomberg reported that the computer products company said the availability of certain machines will be "impacted" by the chip design flaw that Intel announced Monday.

    Intel said it found a design issue in a recently released support...