Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will overturn an operating ban upheld by a panel of three Brazilian judges following an oil spill last November; since 10 of RIG's 127 active rigs are in Brazil, a stoppage would impact earnings. He also says RIG continues to engage in discussions over civil and criminal sides of the Macondo spill (earlier).