Newspaper wrap-up: PDVSA cuts Exxon Mobil off

The Wall Street Journal reported that analysts are looking to assess the significance of a new accounting problem at American International Group Inc (NYSE: AIG) which includes "material weakness" the company's auditor found that relates to subprime exposure.
China Mobile Limited (NYSE: CHL) is expected to announce its support today for Long Term Evolution, a wireless broadband standard gaining strong momentum as the next-generation wireless technology for providing super-fast web surfing on cellular phones, the Financial Times reported.

OTHER PAPERS:

According to the Associated Press, Petroleos de Venezuela SA said it has stopped selling crude oil to Exxon Mobil Corporation (NYSE: XOM). The decision, made "as an act of reciprocity" for Exxon's "judicial-economic harassment," will also include the suspension of commercial relations with the U.S. company.

WEB SITES:

Reuters reported that The Walt Disney Company (NYSE: DIS) signed a deal to buy 20% of Net TV, a digital television company controlled by Spanish media company Vocento.

Tags: AIG, American International Group, AmericanInternationalGroup, China Mobile, ChinaMobile, CHL, crude oil, CrudeOil, DIS, Exxon Mobil, ExxonMobil, Long Term Evolution, LongTermEvolution, LTE, Net TV, NetTv, PDVSA, subprime, Venezuela, Walt Disney, WaltDisney, XOM

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Reader Comments (Page 1 of 1)

2-13-2008 @ 12:25PM

marko said...

When will someone get enough nerve to take out Chavez? This is his first step in cutting off oil to all of the U.S. His people have rejected his reforms and still he pushes them. Not a very democratic stance. This guy is very dangerous and looks to fill Castro's shoes. Send in a team.