Exxon Mobil Exec to Become Marathon CEO and 2 Other Dow Movers to Watch
Exxon Mobil Corporation (NYSE:XOM): Current price $90.64
Vice President of Engineering Lee Tillman at Exxon Mobil has been chosen by Marathon Oil Corporation (NYSE:MRO) to become its next chief executive when Clarence Cazalot steps down at the end of 2013. Tillman will assume the top role at Marathon in January 2014, the company said on Thursday. Marathon expects that Tillman’s experience in a number of the world’s most complex energy fields, such as Norway, Scotland, and Indonesia, will help it to expand its operations in the oil sands of Canada, America’s shale fields, and also in Iraq and Angola.
Verizon Communications (NYSE:VZ): Current price $50.35
On Thursday, Verizon and Equinix announced that Verizon’s Private IP service will be available in Equinix’s International Business Exchange data centers found in major markets worldwide. Resulting from this, enterprise customers will obtain greater access scalable, secure, reliable and high performing global communications solutions that are necessary due to the rapid growth of cloud computing and software-as-a-service applications that drive demand for data center services.
E.I. DuPont de Nemours and Company (NYSE:DD): Current price $53.72
DuPont has lowered its first-half earnings forecast following the chilly, wet weather in North America and Europe which impacted revenue and costs at its agriculture and nutrition and health businesses. In a Thursday statement, the company reported that operating profit per share will fall by roughly 10 percent in the first six months of 2013, year-over-year from 2012, which compares with an April projection for a slide of between 7 and 9 percent. The company also said that full-year earnings per share will be at the low end of its previously stated range of $3.85 to $4.05. A consensus of 20 analysts’ estimates compiled by Bloomberg estimates a profit of $3.86 per share, excluding one-time items. Chief Financial Officer Nicholas Fanandakis said in the statement that “March to May 2013 has been the wettest spring in nearly 120 years across the farm belt states of Iowa, Illinois and Indiana.”
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