NEWS BY INDUSTRY

Exxonmobil-073114.jpg Exxon Mobil reported a 28 percent jump in second-quarter profit, aided by asset sales as well as upstream and downstream margins, even as production slipped.
beatsheadphone-073114.jpg Following its $3 billion acquisition of Beats Electronics, Apple is cutting 200 of its staff. According to Bloomberg, the cuts will come in the human resources, finance and other areas in which Apple's current staff overlaps.
ApacheCorp-073114.jpg Oil and natural gas producer Apache Corp. on Thursday reported a profit for the second quarter that halved from last year on lower revenues. Apache said it plans to completely exit the Wheatstone LNG project in Australia and Kitimat LNG project in Canada. The company is also evaluating its international assets and exploring multiple opportunities for the assets.
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