Hess Arbitration Win; Potential Rail Deal; 3M Raising Forecasts
On this episode of Stock Movers:- Hess (HES) and Chevron (CVX) are both higher as Hess Corp. won its arbitration battle with Exxon Mobil Corp., clearing the way for it to be bought by Chevron Corp. The decision is a major victory for Chevron, according to the text, ending a period of strategic limbo that hurt its stock. Exxon Mobil Corp. said it "disagree[s] with the ICC panel's interpretation but respect[s] the arbitration and dispute resolution process", according to a company statement.- Norfolk Southern (NSC) shares are higher as Union Pacific Corp. (UNP) is exploring an acquisition of…
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