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Occidental Petroleum (OXY -2.6%) reportedly is among those vying for Yates Petroleum, one of the...

Occidental Petroleum (OXY -2.6%) reportedly is among those vying for Yates Petroleum, one of the largest closely held oil companies in the U.S., in a deal that could fetch as much as $3B. Yates, with oil fields in New Mexico's Permian Basin and elsewhere in the U.S., is trying to sell itself before the year ends in an effort to avoid higher taxes on transactions anticipated next year.
Comments (5)
  • MohanTX
    , contributor
    Comments (93) | Send Message
     
    That makes sense, as taxes on dividend as well as capital gains may increase. Most people in USA feel that rich people should be paying more taxes, especially people like Mitt Romney, who pay only 15% tax rate.
    7 Nov 2012, 06:01 PM Reply Like
  • Bookseller
    , contributor
    Comments (54) | Send Message
     
    SA should charge people who want to peddle their coloring-book ideas on politics to readers who are expecting (hoping) to find comments on the submissions/
    7 Nov 2012, 07:23 PM Reply Like
  • creativeflows
    , contributor
    Comments (5) | Send Message
     
    Most people in the USA that feel the rich should be taxed are poor or middle class. They're the ones who get hired by the wealthier business owners or investors who get tax breaks because the tax code is incentive-driven to create jobs. Why should we give further tax breaks to the middle class or upper middle class just because they think it's unfair that the job creators get tax breaks for creating jobs and housing? It's ridiculous and it will hurt the economy. That's like being a stone-throwing gold-digger.
    12 Nov 2012, 09:03 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2817) | Send Message
     
    bot some oxy today at 75.90
    13 Nov 2012, 09:44 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2817) | Send Message
     
    bot some oxy today at 74.36
    14 Nov 2012, 11:06 AM Reply Like
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