Loews, XTO pay $6.5b for most of energy firm
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Loews Corp. , the holding company controlled by New York's Tisch family, and XTO Energy Inc. agreed to buy most of Dominion Resources Inc.'s onshore oil and gas properties in separate transactions valued at about $6.5 billion.
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General Motors Corp. said on Thursday it will sell its Allison Transmission unit for $5.6 billion to private equity firms Carlyle Group and Onex Corp. , sending the automaker's shares to their highest level in 2-1/2 years.
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The $5.6 billion deal is part of an effort by G.M. to raise money and focus on its core business.
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil -- the world's number two oil company by reserves -- in Russia's biggest privatization.
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The gas and electric company Dominion Resources said that it would sell some of its operations in the United States for a combined $6.5 billion.
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Company confirms double-digit price rises for gas and electricity
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Loews Corp. , the conglomerate run by the Tisch family, reported a nearly six-fold increase in fourth-quarter profit on Monday, helped by gains at its insurance and oil drilling units.
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The owner of four power plants in the Washington region agreed to reduce air-polluting emissions substantially in the next six years and to pay a $500,000 fine, according to a settlement announced yesterday by environmental and company officials.
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Conglomerate Loews Corp. LTR.N  agreed to buy an 8,000-mile natural gas pipeline system from  Entergy-Koch LP for $1.14 billion on Monday, in a bid to cash  in on rising U.S. demand for natural gas.
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RICHMOND, Va. -- Gas and electric company Dominion Resources Inc. said Monday it will sell most of its U.S. onshore oil and gas exploration and production operations through two transactions for a combined $6.5 billion.
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The Loews Corporation, the conglomerate run by the Tisch family, reported a nearly sixfold increase in fourth-quarter profit yesterday, helped by gains at its insurance and oil drilling units.
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Philip Morris, a unit of Altria Group Inc. (MO.N: Quote, Profile, Research) , told wholesalers on Thursday it would reduce its &quot;off-invoice&quot; discounts to $5.50 a carton from $6.50, a move that
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If all options are exercised, the total value of the deal would be about $6 billion at list prices, but airlines typically negotiate big discounts on major orders, especially for new models.
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Xstrata Plc, the world&#39;s biggest exporter of power-station coal, offered A$7.4 billion ($5.5 billion) for WMC Resources Ltd. to gain nickel and copper mines.
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Citgo Petroleum Corp. will pay a $3.6 million fine in a settlement with the US Justice Department and also spend $320 million to cut air pollution from six of its refineries, the government said on Wednesday.
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American Axle & Manufacturing Holdings Inc.  on Wednesday said it would offer buyouts or early retirement to 6,000 U.S. United Auto Workers members because of the struggles of North American automaker customers, sending shares up more than 5 percent.
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A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia's Sakhalin Island said Thursday it has struck a &#36;6 billion deal to supply liquefied natural gas, or LNG, to energy-hungry North America.