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Stock Market & Financial Investment News

News Breaks
July 1, 2014
09:19 EDTITT, STOITT division, Servi Hydranor announce partnership
ITT's (ITT) Control Technologies business has partnered with Servi Hydranor to engineer a shock and vibration isolation system for protecting cargo transferred from ships to the Norwegian oil company Statoilís (STO) Gudrun Platform in the North Seaís Gudrun field.
News For ITT;STO From The Last 14 Days
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July 25, 2014
05:31 EDTSTOStatoil CEO says cost reduction programs 'are on track'
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05:28 EDTSTOStatoil reports Q2 EPS NOK 3.75 vs. NOK 1.38 last year
Reports Q2 operating income down NOK 3.2B to NOK 32B. Reports adjusted earnings NOK 32B. Helge Lund, Statoil's president and CEO stated, "Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year."

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