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Tuesday, October 7, 2014

Market Chatter- Corporate finance press digest, (NYSE: OXY)

The following corporate finance-related stories were reported by media: * Private-equity firm TPG has approached troubled British grocer Tesco PLC to purchase its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion pounds ($3.21 billion), the Sky News reported on Monday.* Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday.

Occidental Petroleum Corporation (Occidental) conducts its operations through various subsidiaries and affiliates. Shares of OXY traded higher by 1.17% or $1.12/share to $97.08. In the past year, the shares have traded as low as $85.90 and as high as $105.64. On average, 3537270 shares of OXY exchange hands on a given day and today's volume is recorded at 4987800.