POMPANO BEACH, FL – December 26, 2012 - - Murphy Oil Corporation (NYSE: MUR) shares gained 0.20% to $60.04 in the morning hour. The company entered into an agreement with Wal-Mart Stores to provide access to over 200 new locations within its core market area covering the Midwest and Southeast United States. Under the terms of the agreement, Murphy USA will have the opportunity to build over 200 new fuel stations at existing Walmart supercenters. The construction program is expected to be completed over the next three years.
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Gol Linhas Aereas Inteligentes SA (ADR)(NYSE: GOL) shares increased 11.49% to $6.50. The company announced that, as of November 23, 2012, it will begin the process of winding up the activities of its subsidiary Webjet and the discontinuation of its brand. The first step is to extinguish flight operations. Webjet has an operational model based on a fleet that mostly consists of aging Boeing 737-300 aircraft that are advanced age, technologically out of date and consume a lot of fuel and is no longer competitive.
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Ford Motor Company (NYSE: F) shares jumped 1.77% to $12.62. Ford Motor Company and its community relations arm, Ford Motor Company Fund (Ford Fund), announced the launch of a major program in Detroit to strengthen neighborhoods and provide support for education, summer jobs programs and other community needs. The $10 million program, called Operation Brighter Future - Detroit, augments Ford Fund's ongoing community partnerships, as well as support for southeast Michigan nonprofits for community development, cultural and many other programs. The support has totaled approximately $60 million during the past five years.
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Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) stock fell 0.19% to $57.17. The company announced that, despite ongoing macroeconomic and geo-political uncertainty, 2012 was a year of the most deal signings since before the global economic crisis. Before year-end, the company expects to have signed in excess of 125 new hotel management and franchise agreements, surpassing last year's deal signings by approximately 13%.
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SINA Corp(NASDAQ: SINA) shares fell 0.02% to $47.30. The company reported third quarter adjusted net income of $0.17 per share, down from $0.26 per share in the previous year. The consensus estimate was for EPS of $0.11. Adjusted net revenues grew 18% to $147.69 million from $125.60 million in the same quarter last year, and topped the consensus estimate of $146.03 million.
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