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Dow jumps 938 as governments pledge bank aid- Wall Street has stormed back from last week's devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments' plans to support the global banking system reassured distraught investors.
US summons banks to meeting on rescue plan- Major stock markets around the world rose for the first time in days Monday as the U.S. said it plans to swiftly implement a broad financial rescue package and Europe put almost $2 trillion on the line to break the lending logjam threatening the world's economy.
Obama calls for 90-day moratorium on foreclosures- Democrat Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
McCain vows to fight for new direction for nation- Republican John McCain pledged to fight for a new direction for the country in an energetic new campaign stump speech Monday that sought to distance him from the economic policies of President Bush. "We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change," McCain said while campaigning with running mate Sarah Palin in this once reliably Republican state that has become a battleground this year.
Johnston speaks about Bristol Palin, Obama, baby- Levi Johnston, who's having a baby with Gov. Sarah Palin's daughter, can't believe all the things he's hearing. No, he wasn't held against his will on the campaign trail. No, he's not being forced into a shotgun wedding with 17-year-old Bristol Palin.
- A 19-year-old Asheville teenager said she legally changed her name to CutoutDissection.com to protest animal dissections in schools.
McCormick tells all about 'Brady' drug addiction- As Marcia Brady on "The Brady Bunch," Maureen McCormick projected an image of the wholesome girl next door. But off camera, she spiraled downward into drug addiction and depression.
Prosthetic eye gives horse a shot at show career- A miniature horse has been given a second chance for a career as a show horse - thanks to a prosthetic eye. The 65-pound horse, named KBuck, was born June 1 at Lil Chums Miniature Horse Farm in Lawton and lost its eye a few days after birth. Owner Kelsey Chumbley, 12, said she suspects the young horse was the victim of a swift kick from its mother.
- Kentucky Derby and Preakness winner Big Brown's racing career is over after injuring his right front foot during a workout at Aqueduct on Monday. Michael Iavarone, of IEAH Stables, co-owners of Big Brown, said the 3-year-old colt tore a three-inch piece of flesh off the foot after it collided with his right rear foot while working over the turf course at Aqueduct with stablemate Kip Deville.
Marathon and Partners Achieve First Oil and Gas Production From Neptune Development in the Deepwater Gulf of Mexico
HOUSTON
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(Logo: http://www.newscom.com/cgi-bin/prnh/20051027/DATH029LOGO )
"We are pleased to have achieved this milestone with Neptune and look
forward to further field development in the near future," said
The facility had recently undergone remediation to strengthen components inside the hull's pontoons. This work was carried out with the engineering contractor that designed the hull.
Marathon holds a 30 percent interest in Neptune, along with BHP Billiton which holds a 35 percent interest and serves as operator, Woodside Petroleum Limited holds a 20 percent interest, and Maxus (U.S.) Exploration Company holds a 15 percent interest.
Marathon is an integrated international energy company engaged in
exploration and production; oil sands mining; integrated gas; and refining,
marketing and transportation operations. Marathon, which is based in
This news release contains forward-looking statements concerning the
Neptune development and anticipated future development and drilling activity.
These forward-looking statements may be affected by a number of factors or are
based on a number of assumptions including, among others, pricing, supply and
demand for petroleum products, amount of capital available for exploration and
development, regulatory constraints, timing of commencing production from new
wells, unforeseen hazards such as weather conditions, acts of war or terrorist
acts and the governmental or military response thereto, and other geological,
operating and economic considerations. In accordance with the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995, Marathon
Oil Corporation has included in its Annual Report on Form 10-K for the year
ended
Media Relations Contacts: Lee Warren 713-296-4103
Scott Scheffler 713-296-4102
Investor Relations Contacts: Howard Thill 713-296-4140
Chris Phillips 713-296-3213
Michol Ecklund 713-296-3919
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