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Matt Daily

Analysis: Natgas writedowns signal bank squeeze on spending

Aug 17 2012

Huge writedowns on natural gas fields point to cuts to come in oil and gas producers' reserves from untapped fields at the end of this year, which will constrain their ability to borrow and may herald more asset sales.

Suntech CEO steps down, CFO to take top job

Aug 16 2012

Suntech Power Holdings Co Ltd replaced its chief executive officer on Wednesday as China's largest solar maker struggled to shore up finances amid a growing cash shortfall.

Suntech CEO steps down, CFO to take top job

Aug 15 2012

Suntech Power Holdings Co Ltd replaced its chief executive officer on Wednesday as China's largest solar maker struggled to shore up finances amid a growing cash shortfall.

Analysis: Heavy debts set China solar makers up for consolidation

Aug 14 2012

As solar panel prices continue to march lower, Chinese solar companies are struggling with heavy debt loads, triggering expectations many will be forced to seek a new infusion of funds through takeovers or mergers.

Analysis - Suntech funding prospects darken after fraud disclosure

Aug 02 2012

China's Suntech Power Holdings , the world's biggest solar panel maker but facing an acute financing shortfall, saw its funding prospects darken further after it disclosed this week it had probably been defrauded.

Valero to split off retail arm, profits rise

Jul 31 2012

Refining company Valero Corp on Tuesday posted a higher quarterly profit that topped expectations and said it would split off its retail business, lifting its shares 6 percent.

Chevron profit slips, but refineries shine

Jul 27 2012

Chevron Corp profit fell 7 percent in the second quarter as oil prices fell, and the No. 2 U.S. oil company said output would fall short this year, while strong margins at its refineries will cushion the blow to earnings.

Chevron profit slips, but refineries shine

Jul 27 2012

Chevron Corp profit fell 7 percent in the second quarter as oil prices fell, and the No. 2 U.S. oil company said output would fall short this year, while strong margins at its refineries will cushion the blow to earnings.

Cheap U.S. natgas a double-edged sword for company earnings

Jul 27 2012

July 27 The glut of shale gas in the United States has been a double-edged sword for earnings this week, cutting into profit for producers such as Exxon Mobil and Chevron, but benefiting chemicals makers and power producers.

Exxon Mobil output, chemicals unit dampen earnings

Jul 26 2012

Exxon Mobil Corp, the world's largest publicly traded oil company, posted lower-than-expected quarterly earnings on Thursday as its oil and gas output sagged and weak margins hurt its chemicals business.

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