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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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August 27, 2015
07:57 EDTSTOPlatts to hold a conference
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August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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