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NEW YORK, July 20- A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday. A Florida state court jury decided the award in a case brought by Cynthia Robinson of Pensacola.
BP PLC fell$. 28 or. 6 percent, to $50.59. ConocoPhillips rose$. 45 or. 5 percent, to $85.13. Exxon Mobil Corp. rose$. 19 or. 2 percent, to $102.50.
MOSCOW, July 18- Top Russian oil producer Rosneft said it would continue to work on existing projects and agreements and honour its obligations despite U.S. sanctions slapped on the company over Moscow's role in the Ukraine crisis.
-BP obtained a 19.75 percent stake in the Kremlin-controlled company as part of a deal that saw the British firm sell Rosneft its stake in the Anglo-Russian oil producer TNK-BP for $55 billion last year. BP's head Robert Dudley, a U.S. citizen, sits on Rosneft's board.
WASHINGTON/ MOSCOW, July 17- President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukraine.
*Russia warns it will hit back. WASHINGTON/ MOSCOW, July 17- President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukraine.
WASHINGTON/ MOSCOW, July 16- President Barack Obama imposed the toughest U.S. sanctions yet on Russia, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over what Washington says is Moscow's failure to curb violence in Ukraine.
MOSCOW— President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.
NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.
Russian President Putin warned that U.S. sanctions will take relations with Russia to a "dead end" and damage U.S. business interests.
BRASILIA, July 16- Rosneft Oil Co Chief Executive Officer Igor Sechin said on Wednesday that U.S. sanctions on the Russian state-controlled energy company are illegal because it has no role in the crisis in Ukraine.
BRASILIA, July 16- Russian President Vladimir Putin warned on Wednesday that U.S. sanctions will take relations with Russia to a "dead end" and damage U.S. business interests in his country.
WASHINGTON, July 16- President Barack Obama imposed the biggest package of U.S. economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.
BP PLC rose$. 48 or. 9 percent, to $52.18. ConocoPhillips rose $1.47 or 1.7 percent, to $86.18. Exxon Mobil Corp. rose $1.04 or 1.0 percent, to $103.43.
BP PLC rose$. 45 or. 9 percent, to $52.15. ConocoPhillips rose$. 83 or 1.0 percent, to $85.54. Exxon Mobil Corp. rose$. 92 or. 9 percent, to $103.31.
NEW YORK, July 16- Even fund managers' best ideas are not working out this year.
LONDON, July 16- As U.S. and EU policymakers have imposed targeted sanctions on Russian individuals and firms in response to the crisis in Ukraine, Western companies have sought to insulate their own projects from the political imbroglio and continue developing the country's vast oil and gas resources.
*Vietnam coastguard says rig being moved toward China's Hainan island. *Hanoi demands China keep rigs out of Vietnamese territory. Its movement toward Hainan is also likely to be welcomed by Washington, which had criticized China's decision to put the rig in waters disputed with Vietnam, calling it a "provocative" act.
*Vietnam coastguard says rig being moved toward China's Hainan island. *Rig's deployment caused breakdown in China- Vietnam ties.
U.S. stocks climbed on Friday, but closed lower for the week, as investors weighed Wells Fargo results and readied for a slew earnings ahead.