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Stock Market & Financial Investment News

News Breaks
November 12, 2012
16:48 EDTTLM, SNPSinopec chairman rules out Talisman takeover, WSJ says
Sinopec (SNP) chairman Fu Chengyu said that the company may look to expand its partnership with Talisman Energy (TLM) in the future but that takeovers of companies, including Talisman, is not part of the company's long term expansion plan, according to a Wall Street Journal report. Sinopec acquired a 49% stake in Talisman in July. Reference Link
News For TLM;SNP From The Last 14 Days
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March 22, 2015
13:06 EDTSNPSinopec sees global crude oil price to remain weak for foreseeable future
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13:03 EDTSNPSinopec reports FY14 net profit RMB46.5B vs.RMB66.13B in FY13
Reports FY14 revenue RMB2.83T vs. RMB2.9T in FY13.
March 18, 2015
12:15 EDTTLMTalisman Energy to cut 150-200 employees, WSJ reports
Talisman Energy (TLM) will cut its workforce by 150-200 employees, or about 10%-15%, in response to lower oil prices, The Wall Street Journal reports, citing a company spokesperson. In addition, Talisman, which is in the process of being acquired by Repsol (REPYY), is cutting its 2015 capital program to $2.1B, a 30% reduction from 2014 spending and lower than its prior 2015 forecast of $2.7B. The job cuts are mainly at Talisman's head office in Calgary and are not related to the Repsol takeover. Reference Link

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