TEN Reports Strong Profits for 3Q

Friday, November 07, 2003
Tsakos Energy Navigation Limited (TEN) reported unaudited results for the third quarter and first nine months of 2003. TEN's Third Quarter highlights include, the company reports EPS of $0.47 versus $0.04 in the like period of 2002; net income rose 1124 percent to $8.03 million; the company took delivery of a new aframax and the last in a series of four new panamaxes.
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Finance

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

 
 
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