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BP Shuts Down Production In North Sea As Precaution (NYSE:BP)

BP has ordered more than 230 staff to leave the Valhall field in Norwegian waters and has shut down production in the area as a precaution. At the nearby Ekofisk field, ConocoPhillips halted output and evacuated workers by helicopter. During a severe storm, a huge barge broke its moorings and threatened to crash into the platforms in the area. The decision to halt output from the fields reduced the likelihood of any explosion or spill if the barge hit any of the platforms. The barge that broke free is owned by Norway’s Eide Marine. Later in the... 
 

Analysts Predicting Flat 2016 For Apple (NASDAQ:AAPL)

A number of Wall Street analysts are predicting a flat year for Apple in 2016. Apple is currently the world’s biggest tech company. However, in the past six months, more than $220 billion has been slashed from the company’s value, as its share price has plummeted. Next year, the company is planning to refine its existing products rather than launching new ones. 2015 was a year of big Apple releases, including the launch of the Apple Watch. Released in April, the Apple Watch was the first truly new Apple product since the 2010 launch of the iPad.... 
 

Corning Expanding Use Of Gorilla Glass (NYSE:GLW)

Corning Inc.’s Gorilla Glass, commonly used for the screens on mobile phones, is having its use expanded by the company. The thin, lightweight glass could soon be used on cars across the nation. Car makers are interested in using an automotive version of Gorilla Glass to reduce the weight of their vehicles and improve fuel economy. Gorilla Glass has been used by the consumer electronics industry since 2007. Corning says that the new automotive grade Gorilla Glass meets U.S. safety standards and has been tested by automakers on rough roads... 
 

Newell Rubbermaid To Acquire Jarden In $15.4B Deal (NYSE:NWL)

Newell Rubbermaid has announced its intentions to purchase consumer products company Jarden for $15.4 billion in a cash and stock deal. The merger of Newell Rubbermaid and Jarden would create a consumer products juggernaut that would make about $16 billion in annual sales. The two companies said the transaction could amount to $500 million in annualized cost savings and would immediately increase growth. The combined company will be known as Newell Brands. Under the terms of the deal, Jarden shareholders will receive $21 in cash and 00.862 a share... 
 

Kellogg Branching Out From Cereal Business (NYSE:K)

Kellogg is branching out in the ever-expanding breakfast market, focusing on new products to attract more customers. The move comes in the midst of continual sales declines of its cereal products. Instead of trying to convince customers to return to cereal, it is reimagining cereal as an ingredient in other dishes. Kellogg is currently the world’s largest cereal company. To further this effort, Kellogg is teaming up with well-known chefs and culinary figures for its ‘Stir It Up’ campaign, launching next week. These chefs have been tasked with... 
 

Verizon Boosts Its Video Team With New Hires (NYSE:VZ)

Verizon recently launched its go90 mobile video service, which lets consumers anywhere in the country watch video on their smartphones. The service was launched in September as a free, ad-supported mobile video service. Verizon is dedicating a considerable amount of resources to the effort. The company has hired thousands of people to work on the project at its facility in Silicon Valley. Verizon’s mobile video service will provide mostly short-form programming but will have some long-form programming available as well. Verizon has been striking... 
 

Unilever Turns Focus To Renewable Energy (NYSE:UL)

Unilever has announced a pledge to switch to using only renewable energy by 2030. The consumer goods maker also said that it would stop using energy from coal by 2020. The company aims to have renewables meet 50 percent of its energy needs by 2020 and is aiming for 100 percent by 2030. In 2014, 28 percent of its energy came from renewable energy sources. Unilever says it is eager to make the switch to be completely powered by renewable energy. The company said it will seek to support renewable energy generation and will make any surplus available... 
 

Duke Energy Renewables Business Taking Off (NYSE: DUK)

Duke Energy’s Renewables business produces renewable energy for sale primarily to other utilities and commercial customers. The business began as a start-up in 2009 and has grown into one of the country’s biggest players in renewable energy. Duke Energy controls wind turbines and solar panels from coast to coast. Duke Energy is currently the largest power company in the United States, supplying electricity to more than 7 million customers across the Southeast and Midwest. The entire company currently books more than $25 billion in overall... 
 

Apple Remains Committed To Strong Encryption Technology (NASDAQ:AAPL)

Apple says that its support for strong encryption technology remains as strong as ever. Apple’s Tim Cook is one of the highest-profile supporters of strong encryption in the tech industry. Apple’s popular messaging client iMessage uses end-to-end encryption so the messages cannot be intercepted and read by a third party. These third parties include police and Apple itself. Cook recently told the Irish Independent that the company has no plans to weaken the encryption technology. Following the revelations by NSA whistleblower Edward Snowden... 
 

Nordstrom Earnings Disappoint In 3Q (NYSE:JWN)

Seattle based retailer Nordstrom Inc. announced disappointing results for the third quarter of its fiscal year. For the third quarter, Nordstrom reported earnings per share of $0.42. This was lower than the predictions of Wall Street analysts, who estimated earnings of $0.72 a share. After the earning announcement, shares of the company fell over 17 percent to $52 per share. The company subsequently cut its profit and sales forecast for the year. Nordstrom lowered its 2015 fiscal year earnings guidance from the previous outlook of $3.70 to $3.80... 
 

Campbell Soup Revamping Recipes (NYSE:CPB)

The Campbell Soup Company has announced that it is changing the ingredients in many of its soup products to better reflect the desires of consumers. The company is getting rid of ingredients that consumers today are shying away from. The company is hoping that the changes will boost sales. The number of units sold in the soup market has been slowing for some time now. Changing the traditional recipes that it is known for is a big risk for the company. Many people have grown up eating Campbell soup, so changes in the taste of the products may turn... 
 
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