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El Paso posts big 3Q profit plunge, cuts dividend
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MyNorthwest.com
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November 04, 2009
HOUSTON (AP) - Natural gas distributor El Paso Corp. on Tuesday posted an 87 percent plunge in third-quarter profit, hurt by lower natural gas. The company also announced cost-cutting measures and slashed its dividend, sending shares down in after-hours trading. After paying preferred stock dividend...
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