News Roundup: Unocal, Chevron and CNOOC Ltd.

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CNOOC’s bid for Unocal was still making news today. The New York Times reported Chevron Corp. has gone into overdrive to portray the Chinese government-backed offer as unfair competition


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“In Seeking Unocal, Chevron Ruffles an Asian Partner”

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. The Wall Street Journal said that regardless of whether CNOOC’s bid succeeds, a wave of Chinese acquisitions of U.S. companies is likely in coming years


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“Chinese Acquisitions in U.S. Mean Changes for American Workers”

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. The Los Angeles Times noted the bid will thrust the little-known Committee on Foreign Investment may into a high-profile role


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“Panel Has a Big Say in Foreign Purchases”

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. The Washington Post reported the Chinese Foreign Ministry is criticizing demands by the U.S. Congress for a government review


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“China Tells Congress to Back Off Businesses”

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And Reuters aired speculation that Chevron and CNOOC may eventually agree to split up the U.S. oil producer


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“Chevron and CNOOC May Carve Up Unocal”

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