Occidental Petroleum Eyes Yates and 2 Stocks Dipping to 52-Week Lows
Occidental Petroleum Corporation (NYSE:OXY) finds itself among several bidders to acquire the closely held oil firm Yates Petroleum, in a transaction that could bring as much as $3 billion, according to inside sources to the Wall Street Journal. Shares closed down 1.34 percent on the day at $76.41, and have traded in a 52-week range of $76.59 to $106.68.
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PMFG (NASDAQ:PMFG) is pointing to newly positioned government officials in China who recently approved the acceptability of safety measures in the plant designs, which is important in restarting construction projects that were shut down by the events in Fukushima. In the United States and in Europe, the firm actively engages in talks with customers concerning the reduction of the manufacturing cycle so as to accommodate their accelerated delivery timetables for replacement steam dryers. Shares closed down 8.57 percent on the day at $5.76, and have traded in a 52-week range of $6.36 to $27.40.
Sony Corp Ord (NYSE:SNE) says that President of Sony Network Entertainment International and Group Executive of Sony Corporation Tim Schaaff will step down as of December 31st. Further, Schaaff will remain on the SNEI board of directors as an external director, effective January 1, 2013, and Group Executive of Sony Corporation Andrew House will assume responsibilities for SNEI during the transition, alongside his current role as President and Group Chief Executive of Sony Computer Entertainment. Shares closed down 2.5 percent on the day at $10.90, having been traded in a 52-week range of $10.91 to $22.35.
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