Chevron ACQUIRES Iraq Interests and 3 Must-See Dow Movers
American Express Company (NYSE:AXP) / Avoya Travel report that the first two quarters of the current year were its highest performing quarters in the company’s history. These outstanding quarters are subsequent to the firm’s top year of 2011, and exhibit the growth of the Avoya Network of Independent Agencies. The 2012 results are based on all measures of success, among which include the enhancement of Avoya’s extraordinary vacation experience for its clients, expansion of the company’s new and repeat clients, and raising overall sales performance. This new growth follows Avoya’s impressive 2011, which posted an all-time high for revenue, with sales is excess of $200 million, along with increased average commission earnings for its Independent Agency Network.
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Boeing Co. (NYSE:BA), in a conference call, explains that the process is not technically closed to anyone, but the spokesperson added that the Superior bid number “that is out there is pretty high” and that Textron will monitor the process to see how it plays out. In addition, the company says that Textron would be interested in Hawker defense assets only “at a value that we felt was appropriate.”
Bank of America Corporation (NYSE:BAC): The average investor fled to the bond market in the past 12 months, says a survey conducted by Fidelity Investments, but at the same time, millionaires added domestic stocks more than any other asset. Next came cash, followed by exchange-traded funds, and finally, individual United States bonds or domestic stock funds, according to Bloomberg.
Chevron Corporation’s (NYSE:CVX) subsidiaries are purchasing interests in two blocks in the Kurdistan Region of Iraq. Through these transactions Chevron will acquire Reliance Exploration & Production DMCC’s 80 percent stake and operations of the production sharing contracts that cover the Rovi and Sarta blocks. These blocks are north of Erbil and contain a combined area of around 490 square miles. The subsidiaries in question will partner with OMV Rovi GmbH and OMV Sarta GmbH, which hold 20 percent interest in the Rovi and Sarta PSCs, respectively.
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