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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Anadarko Schedules Second-Quarter 2012 Earnings Conference Call for July 31

Category : Stocks, World News

HOUSTON, TX–(Marketwire – Jul 12, 2012) – Anadarko Petroleum Corporation (NYSE: APC)

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In Anadarko Decline, a Possible Oil Rally Tipping Point

Category : Business, Stocks

NEW YORK (TheStreet) — Shares of Anadarko Petroleum were off by 3% on Tuesday and there was no shortage of potential catalysts for the decline. The best reason though may simply be that the oil rally was good while it lasted.

The company announced before the open that its CEO James Hackett plans to retire and named COO Al Walker as his successor. JPMorgan Chase downgraded Anadarko from a buy to hold as well on Tuesday though the firm’s call was unrelated to the management change. JPMorgan says a lawsuit involving the spinoff of a bankrupt company called Tronox could be an overhang on shares.

On the management issue, if it was a surprise announcement, it’s not a surprise replacement, and Hackett has always been expected to give up the reins at some point, even if this was a little earlier than expected. As Argus Research analyst Phil Weiss said, Walker has been responsible for some of the keys to the Anadarko turnaround in recent years. “Walker is the heir apparent and has been groomed for it. It doesn’t seem like a reason to get rid of the stock,” Weiss said.

Click to view a price quote on APC.

Click to research the Energy industry.

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Anadarko ([[APC]] -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation.

Category : Stocks, World News

Anadarko (APC -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation. Post your comment!

More: Anadarko ([[APC]] -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation.

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Anadarko ([[APC]] -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation.

Category : Stocks

Anadarko (APC -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation. Post your comment!

Go here to see the original: Anadarko ([[APC]] -2.5%) trades down after being cut to Neutral by JP Morgan, citing potential downside risk from the Tronox litigation.

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