Chevron in Hot Water With the EPA and 3 Hot Stocks Buzzing on The Street

According to a report in the LA Times, Galloping Horse America, a division of  Beijing-based media company Galloping Horse, joined hands with Indian company Reliance MediaWorks to buy out the Canadian studios located at Venice and Vancouver for $30.2 million from bankrupt Digital Domain (DDMGQ.PK).

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Video website Hulu (NYSE:DIS) (NASDAQ:CMCSA) (NASDAQ:NWS) has scored a coup by agreeing an exclusive, multi-year pact with World Wrestling Entertainment (NYSE:WWE) to stream its TV shows and some Web series. Paid subscribers at Hulu can watch from today shows such as  “Monday Night Raw,” “Friday Night SmackDown,”  and “WWE NXT.”

According to reports,  Discovery Communications (NASDAQ:DISCA) has bid for the media asset portfolio of Telecom Italia Media (NYSE:IT).

Chevron (NYSE:CVX) is reportedly in hot water with the EPA, who is conducting a criminal probe into allegations that the company bypassed monitoring equipment at its Richmond refinery and instead flared off pollutants directly into the atmosphere.

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