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Stephen Kersey
Chevron 3Q Profit Down 51 Percent
Though production is up, Chevron, the nation’s second largest oil and gas producer, posted overall profits down 51 percent to $3.83 billion, or $1.92 per share, in comparison with the same three-month period last year.
The company did increase oil production by 11 percent. The average sale price was $62 per barrel — definitely better than last quarter but still far below the $103 per barrel during the same period in 2008.
“We continued to experience weak margins on the sale of gasoline and other refined products,” said Chairman and CEO Dave OReilly. “Weak demand and plentiful supply affected all our major [...]
Post from: EveryJoe
PC Backup Startup Names New CEO
One of the hottest industries in the online world is PC backups. There are a number of major players in this industry, which wants to capitalize on the market that is filled with consumers who want to backup their important data from their PC quickly, easily and without paying a fortune.
Rebit.com is one player in the PC backup market. Recently, this startup named Paul Guerin as its CEO. Guerin has worked for a number of major corporations including Lotus, IBM and GTSI. He has also worked for a few startups including Jabber, Torrent Systems and Digital Archaeology.
Said Guerin, who steps [...]
Post from: EveryJoe
