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Stock Market & Financial Investment News

News Breaks
December 23, 2012
12:28 EDTCOPTribunal rules in favor of ConocoPhillips in Ecuador case
ConocoPhillips, wholly owned subsidiary, Burlington Resources,has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the International Centre for the Settlement of Investment Disputes, ICSID, ruled that Ecuador unlawfully expropriated the company’s significant oil investments in Blocks 7 and 21, in violation of the U.S.-Ecuador bilateral investment treaty. The Tribunal also found that Burlington’s investment, expropriated by Ecuador, included the contractual right to be indemnified for the effects of the Windfall Profits Tax. An additional arbitration phase will take place to determine the amount of compensation owed to Burlington for Ecuador’s actions.
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August 17, 2014
17:56 EDTCOPBB&T, Juniper, two others look discounted, Barron's says
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August 14, 2014
16:54 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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06:24 EDTCOPLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link

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