BRIEFCASE.Byline: -- Staff and Wire Services Price fall to hit Chevron's profit SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Chevron Corp. warned lower oil prices will crimp crimp a regular wave formation of small dimensions, e.g. the crimp of wool fibers epitomized in the Merino breed and its derivatives. crimp marks marks made by wrinkling the x-ray film while holding it between the fingers. its fourth-quarter profit, an about-face from the favorable market conditions that fueled the industry's earnings boom through much of last year. The circumspect cir·cum·spect adj. Heedful of circumstances and potential consequences; prudent. [Middle English, from Latin circumspectus, past participle of circumspicere, to take heed : report issued late Tuesday wasn't surprising. Two other major oil companies, ConocoPhillips and BP PLC, had previously disclosed their profits tapered off in 2006's final quarter. Since soaring above $78 per barrel last July, crude oil prices have declined dramatically. Oil has sold for below $54 per barrel on the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. this week, the lowest level in 19 months. During the first two months of the fourth quarter, Chevron said its crude oil price averaged $52.26 per barrel, an 18 percent drop from $63.98 per barrel for the entire third quarter. Chevron fetched $54.99 per barrel during the same 2005 period. EBay may buy StubHub Inc. SAN FRANCISCO -- Internet auctioneer eBay Inc. is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of buying the rapidly growing online ticket reseller StubHub Inc. for about $300 million in cash, according to a person close to the deal. The acquisition was to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. later Wednesday or today, said the person, who asked not to be identified because the papers sealing the deal had not yet been signed. EBay spokesman Hani Durzy declined to comment. A call to Jeff Fluhr, StubHub's co-founder and chief executive, wasn't immediately returned. If the sale is completed, eBay would gain control of one of the nation's fastest-growing companies. San Francisco-based StubHub runs an online market for buying and selling tickets to major events -- an alternative outlet that has been thriving even as its existence incensed some of the sports teams whose tickets are being resold above their face value. Genentech sees 75% earning rise SAN FRANCISCO -- Genentech Inc. said Wednesday that strong demand for its cancer-fighting drugs fueled a 75 percent profit increase as the biotechnology bellwether shook off doubts its tremendous growth spurt growth spurt Pediatrics A period of rapid growth in middle adolescence; ♀ ↑ ±8 cm/yr ±age 12; ♂ ↑ ±10 cm/yr ± age 14; GS is orderly, affecting acral parts–ie, hands and feet grow before proximal regions, over the last few years was slowing significantly. The South San Francisco-based company reported it earned $594 million, or 55 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , during the three months ending in December, compared with $339.2 million, or 31 cents per share, at the same time in 2005. Revenue for the period totaled $2.7 billion, a 38 percent increase from the previous year. |
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