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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
McDermott ends year on a high
The oil services firm jumped 5.5% to 44.61 on positive news. Hibernia Southcoast Capital raised its price target by $6 to $56 to account for a recent Energy Department contract and news that a federal bankruptcy judge approved a revised Chapter 11 plan. McDermott didn't disclose the value of the deal, estimated it to be more than $500 mil.
Exxon sells Venezuela oil stake
Venezuelan state oil firm PDVSA said Exxon Mobil sold its 25% stake in Quiamare-La Ceiba oil field to Spain's ...
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