ExxonMobil Faces an Uphill Battle Against Venezuela

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Amazon (Nasdaq: AMZN  ) -owned Zappos had 24 million customer accounts hacked in a recent cyber-attack. Amazon acquired the shoe retailer, which is known for its strong customer service, in 2009 for more than $1.2 billion.  
  • Shares of Carnival (NYSE: CCL  ) tumbled after one of its ships ran aground off the Italian coast, killing at least six people. As of this morning, rescue and recovery efforts were still under way for nearly 30 missing passengers.
  • Venezuela has decided to leave the World Bank's international arbitration association, presenting another obstacle for ExxonMobil (NYSE: XOM  ) in its quest to get additional compensation from the government after it nationalized its Cerro Negro project.
  • According to a Bloomberg report, Morgan Stanley (NYSE: MS  ) plans to limit its cash bonuses to $125,000 this year. The decision is the latest move to restructure Wall Street compensation.

Exxon's future in Venezuela may not look very bright. But thanks to a new special free report from The Motley Fool, the future of your portfolio could be a positive one. The Motley Fool's free report is titled "Secure Your Future With 11 Rock-Solid Dividend Stocks" and details 11 solid dividend stocks to own in 2012. This free report is only available for a limited time; click here now for your free copy of the report.

Fool contributor Tamara Rutter does not own any shares of companies mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services have recommended buying shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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