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Chesapeake's Assessment Drops

2013-02-21 02:22:08| Oil & Gas - Topix.net

The Marshall County Commission agreed Tuesday to lower property assessments for Chesapeake Energy holdings in the county by more than $55 million but rejected a similar request from Chevron Corp., citing a lack of an established two-year earnings history in the county.

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Chevron, Transocean say Brazil drops criminal oil spill charges

2013-02-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November 2011 offshore oil spill, the companies said on Wednesday. The criminal case, and a civil suit seeking as much as 40 billion reais ($20.4 billion) in damages, have cast a chill over Brazil's oil industry. The criminal suit carried penalties of up to 31 years. The still-open civil case is Brazil's largest-ever environmental lawsuit, even though the amount of oil spilled...

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Manheim Index Drops 1.8% from Year Ago

2013-02-19 00:14:12| AutomotiveDigest.com - Automotive Industry News

Tom Webb Chief Economist Manheim Consulting Wholesale used vehicle prices fell 0.6% in January. Absent seasonal adjustment, decline in vehicle values was half that amount. Januarys Manheim Used Vehicle Value Index reading of 123.4 represented a 1.8% decline from a year ago. Click here to read Manheim Used Vehicle Value Index Hurricane Impact Waning and [...]The Article Manheim Index Drops 1.8% from Year Ago appeared first on Automotive Digest.

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U.S. Oil Demand Drops, But Production Hits Historic Highs

2013-02-15 15:30:10| Industrial Newsroom - All News for Today

The price of oil has gone up significantly in the past decade. But U.S. demand has been dropping like a stone, even as we discover more and more domestic reserves. What does this ultimately mean for manufacturers and consumers?

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ANZ Bank First Quarter Profit Drops 20% on Margin Pressure

2013-02-15 11:31:02| Automakers - Topix.net

Australia and New Zealand Banking Group Ltd., the nation's third-largest bank by market value, said first-quarter profit fell 20 percent as margins were squeezed at its New Zealand and international businesses.

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