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Stock Market & Financial Investment News

News Breaks
July 31, 2014
07:41 EDTTLMTalisman Energy downgraded to Neutral from Outperform at Credit Suisse
As previously reported, Credit Suisse downgraded Talisman to Neutral from Outperform. The firm downgraded shares due to valuation and maintains its $12 price target.
News For TLM From The Last 14 Days
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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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