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Stock Market & Financial Investment News

News Breaks
January 20, 2014
08:46 EDTLQDT, MURLiquidity Services conducting online auction for Murphy Oil
Liquidity Services (LQDT) said it is conducting an online auction on behalf of Murphy Oil (MUR). The auction will sell pipe and drilling equipment no longer needed in Murphy's daily operations at its Pointe Noire location in the Republic of Congo.
News For LQDT;MUR From The Last 14 Days
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October 1, 2014
17:05 EDTMURMurphy Oil CFO Kevin Fitzgerald to retire, John Eckart to succeed
Murphy Oil announced that Kevin G. Fitzgerald, executive vice president and CFO, will retire effective March 1, 2015, after nearly 33 years of service. John W. Eckart, currently SVP and Controller, will succeed Fitzgerald as EVP and CFO effective March 1, 2015.
16:34 EDTLQDTLiquidity Services announces business realignment, new senior leadership
Liquidity announced it has realigned its workforce in response to the new terms and scope of its DoD Surplus Contract, competitively bid in April, and to adjust for the efficiencies realized in its commercial business through ongoing integration efforts to support the future vision and growth of the company. The realignment includes the reduction of approximately 130 full-time and temporary employees across the organization over the course of FY15. Employee reductions span the organization and include positions related to the support of the DoD surplus business, capital asset and retail supply chain operations, and corporate functions and will result in one-time severance related expenses of approximately $1.2M which will be a further adjustment to Q4 adjusted earnings results. The company also announced that Tom Burton is appointed to EVP, Federal Sector, Gardner Dudley is appointed as the new president, Capital Assets Group, and Roger Gravley is appointed as the new president, GovDeals, succeeding Bob Debardelaben.
September 30, 2014
09:17 EDTMURMurphy Oil announces sell down of Malaysian assets for $2B cash
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09:15 EDTMURMurphy Oil announces sell down of Malaysian assets for $2B
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