EOG Resources Inc., the second- largest U.S. independent oil and natural gas producer by market value, reported a fourth-quarter profit and plans for a stock split as crude and liquids output increased 53 percent.
James Sullivan , a former managing director of Millennium Management LLC’s Asian business, said he joined JPMorgan Chase & Co. as head of Asia telecom research and telecom, Internet and new media strategist.
3M Co. and Deere & Co. are among U.S. employers seeing pension costs drop from a $76 billion peak, freeing up cash to spend or return to investors, as the Federal Reserve’s pullback on bond buying boosts interest rates.
Brookfield Office Properties, owner of lower Manhattan’s World Financial Center , forecast 2011 funds from operations below analysts’ estimates as lease expirations in New York and Boston may result in new deals at lower rents.
Slumping oil and natural-gas prices threaten to exacerbate a cash crunch at Chesapeake Energy Corp., adding to pressure on Chief Executive Officer Aubrey McClendon to sell oilfields from Texas to Ohio.
Apache Corp., the third-worst performer this year among a group of U.S. oil and natural gas producers, agreed to sell wells and acreage in the shallow waters of the Gulf of Mexico to private-equity firm Riverstone Holdings LLC for $3.75 billion in cash.
Anadarko Petroleum Corp., the second- biggest U.S. independent oil and natural gas producer by market value, reported fourth-quarter profit that exceeded analysts’ estimates and output that surpassed its own forecast.