UPDATE 1-Tidewater 1st-qtr profit up, but shares tumble

(Reuters) - HOUSTON, July 26 - Tidewater Inc. , the
world's largest provider of vessels for the offshore oil
service industry, on Thursday said its first-quarter profit
rose as rates for its equipment climbed, but higher-than
expected costs hampered results.




Shares of Tidewater swooned, falling more than 8 percent,
or $6.53, to $70.37 in afternoon trade on the New York Stock
Exchange.


Read more at Reuters.com Market News

UPDATE 3-Plains to buy Pogo for $3.44 bln, create an MLP

(Reuters) - HOUSTON, July 17 - Independent oil and gas
producer Plains Exploration & Production Co. plans to
buy peer Pogo Producing Co. for about $3.44 billion in
stock and cash, in a deal aimed at wringing more value from
production assets, Plains said on Tuesday.




Hedge fund Third Point LLC took a stake in Pogo last year
and demanded that the company put itself up for sale.


Read more at Reuters.com Market News

AT&T, Verizon support Cablevision's remote DVR plan

(Reuters) - Several trade bodies and lobby groups, including USTelecom,
which represents AT&T Inc. jointly filed an Amicus
brief in support of Cablevision's appeal against a ruling that
prohibits the launch of the service.




The brief was filed on Friday at the 2nd U.S. Circuit Court
of Appeals in Manhattan.


Read more at Reuters.com Government Filings News