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Sunday, September 27, 2020

Valaris, world’s largest offshore rig owner, declares bankruptcy

NEW YORK --Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load. The Chapter 11 filing in the U.S....

Exxon Mobil exits exclusive Dow Jones Industrial Average club as focus shifts to tech firms

NEW YORK (Bloomberg) --Exxon Mobil, Pfizer and Raytheon Technologies were kicked out of the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock...
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