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More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals points to a shift from the boom-and-bust trends of the past.
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"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able to produce," Hamm explained at an energy conference.
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The record profit is mostly due to an accounting gain following its government-brokered takeover of its arch Swiss rival earlier this year.
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Alaska acquired dozens of Airbus A320 family jets during its merger with Virgin America. It's now retiring them in favor of an all-Boeing fleet.
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Horizon is the largest disclosed holding of John Paulson's family office Paulson & Co., according to Forbes.
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Musk and Twitter just closed on his $44 billion deal to take the platform private. The billionaire is already firing executives and doing technical reviews.
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Musk and Twitter were scheduled to start a court trial over the deal later this month, and Musk was scheduled to be deposed this week.