Los Angeles, CA – December 18, 2012 - - Penn Virginia Corporation(NYSE:PVA) jumped up 5.56% to $4.75 on a traded volume of 54k shares.The Company announced that 40% working interest partner in Lavaca County Eagle Ford Shale acreage has elected to go non-consent on the last 17 initial unit wells they have drilled or expect to drill on this acreage. The Company intends to seek a partner to acquire this 40% working interest.Barclays Capital restated underweight rating on Penn Virginia in a report.
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Teva Pharmaceutical Industries Ltd (ADR)(NYSE:TEVA) is up 0.65% to $38.64 on a traded volume of 223k shares.The Company has signed a joint venture agreement with Handok Pharmaceuticals. This will help to gain a foothold in the $14B Korean market. The contract ends months of speculation that Teva was involved in making a purchase in South Korea, where the Israeli firm declared healthcare spending is anticipated to reach to the extent that 9% of gross domestic product by 2015.
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Rubicon Minerals Corp (USA)(NYSEAMEX: RBY) decreased 5.97% to $2.51 on a traded volume of 377k shares. The Company came to know about the Wabauskang First Nation instructed its lawyers to file a lawsuit related to Rubicon's Phoenix Gold Project in Red Lake, Ontario. The Company has received no notice from WFN, hence the details of its lawsuit are unknown to Rubicon.The Company is a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties both through Company funded and partner-funded exploration.
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Lockheed Martin Corporation(NYSE:LMT) soared 1.01% to $91.33.The U.S. Army selected Lockheed Martin to compete for task orders through a new Software and Systems Engineering Services Next Generation program. Ten other prime contractors were selected to compete for projects through SSES NexGen. The program has a $7 billion ceiling value over five years.
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TOTAL S.A. (ADR)(NYSE:TOT) went up 0.51% to $51.45. Total has a market cap of $116.17 billion. The company has a P/E ratio of 8.35. The Company operates as an integrated oil and gas company worldwide. The company operates in three segments: Upstream, Downstream, and Chemicals.
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