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Transocean (RIG -2%) is off sharply after last night's news of the resignation of its general...

Transocean (RIG -2%) is off sharply after last night's news of the resignation of its general counsel, with no explanation provided. It's “not a welcome headline given the company’s ongoing legal issues particularly in the U.S.” with the Gulf of Mexico oil spill trial about three months out, Simmons analysts say.
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