Chile Codelco open to formula that keeps option value (Reuters)
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Reuters - Chile's state copper giant Codelco said on Monday it was willing to consider a formula that ensures it protects the economic value of a disputed stake option in Anglo American's southern Chilean properties.
Venezuela shrinks nationalization payment to Exxon (Reuters)
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Reuters - Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp $255 million in compensation for nationalized assets - less than a third of what the U.S. oil giant said it was awarded by an arbitration panel.
Codelco seeks to buy disputed Anglo mining stake (Reuters)
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Reuters - Chile state copper giant Codelco on Monday said it had exercised a $6 billion option to buy mining assets in southern Chile, but global miner Anglo American defied the move, setting the stage for a lengthy legal battle.
Returns of online holiday gifts to hit record (Reuters)
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Reuters - After the holiday party comes the hangover for retailers: handling millions of returns this week.



January 2nd, 2012