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Schlumberger Reports Fourth Quarter Results

 Shares of the world’s largest oil services provider, Schlumberger Ltd. (NYSE: SLB - $44.21), are higher by about 7% after reporting revenue of $8.18 billion for the fourth quarter, about equal to last year’s total, but beat analysts' average estimate of $8.04 billion. Revenue from its North American business rose marginally to $2.82 billion, while international revenue rose nearly… Continue reading Schlumberger Reports Fourth Quarter Results

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CSX Beats Estimates; Announces Share Buyback

East coast rail and intermodal carrier CSX Corp. (NYSE; CSX - $63.86) reported quarterly revenue and profit that topped Street views. Revenue for the fourth period increased 10% over the prior year to $3.14 billion, supported by increases in fuel recovery, broad-based volume growth, pricing gains, higher supplemental revenue and a favorable freight mix. Analysts had expected $3.12 billion of… Continue reading CSX Beats Estimates; Announces Share Buyback

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Delta Reports Fourth Quarter Results

Atlanta-based Delta Air Lines (NYSE: DAL - $47.09) pushed sales higher in the fourth quarter on gains in the leisure market and demand from corporate clients, but the carrier confirmed it couldn’t raise fares as much as it once hoped. The carrier said total sales in the final period of the year increased 5% compared… Continue reading Delta Reports Fourth Quarter Results

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JPMorgan Chases Misses Earning’s Estimate

New York’s money center bank JPMorgan Chase & Co. (NYSE: JPM - $100.27) reported a profit of $7.07 billion, or $1.98 a share compared to $1.76 a year ago. Analysts, however, had fourth quarter earnings pegged at $2.20 a share. Costs for the period increased 6% to $15.7 billion from $14.9 billion a year earlier. Revenue rose 4.1% to $26.8 billion, shy of the average Street expectation… Continue reading JPMorgan Chases Misses Earning’s Estimate

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Newmont to Acquire Goldcorp

Denver-based Newmont Mining Corp. (NYSE: NEM - $31.83) said it plans to buy smaller rival Goldcorp Inc. in an all-stock deal worth $10 billion, creating the world's largest gold producer. The combined company, which will be called Newmont Goldcorp, would overtake current leader Barrick Gold's annual production and will have mines in the Americas, Australia and Ghana. After… Continue reading Newmont to Acquire Goldcorp