New York-listed ConocoPhillips (NYSE:COP) has confirmed the start of oil production from the Gumusut-Kakap Floating Production Facility, located approximately 75 miles offshore Sabah, Malaysia. The project is expected to add approximately 60,000 barrels of oil equivalent per day to the company’s production volumes by 2017. The Gumusut-Kakap field is expected to contribute up to 25% of the country’s oil production. ConocoPhillips (NYSE:COP) belongs to Basic Materials sector. Its net profit margin is 16.00% and weekly performance is -0.63%. On last trading day company shares ended up $74.53. ConocoPhillips (NYSE:COP) distance from 50-day simple moving average (SMA50) is -6.42%.

TD Securities downgraded shares of Talisman Energy Inc. from a buy rating to a hold rating on October 1. Talisman Energy Inc. (NYSE:TLM) shares decreased -2.16% in last trading session and ended the day at $7.71. TLM Gross Margin is 69.80% and its return on assets is -4.80%. Talisman Energy Inc. (NYSE:TLM) quarterly performance is -23.13%.

Lightweight metals leader Alcoa Inc (NYSE:AA) reported a surge in third quarter profits as the Company’s repositioning continues accelerating. Net income of $149 million, or $0.12 per share; excluding special items, net income of $370 million, or $0.31 per share, up sequentially and year-over-year. Revenue of $6.2 billion, up 7 percent sequentially, up 8 percent from prior year period. Alcoa Inc. (NYSE:AA) shares advanced 0.75% on last trading day to close the day at $16.07. Company price to sale ratio is 0.84 and has 0.20% insider ownership. Alcoa Inc. (NYSE:AA) belongs to Basic Materials sector.

General Motors Company (NASDAQ:GM) CEO today gave her words on the recent recalls the company made due to faulty parts. More than half a million cars have been recalled so far by the General Motors, and the amount is only only in America, cars in other countries, including Korea, are being recalled by the company. On last trading day General Motors Company (NYSE:GM) advanced 1.29% to close at $32.18. GM is -21.09% away from its 52 week high and is moving 3.26% ahead of its 52 week low. General Motors Company (NYSE:GM) return on investment (ROI) is 3.70% while return on equity (ROE) is 13.10%.

Advanced Micro Devices, Inc. (NYSE:AMD) in a surprise move, announced Oct. 8 that Rory Read, who had been CEO for three year, is stepping down and being replaced by Lisa Su, until now the company’s chief operating officer. Advanced Micro Devices, Inc. (NYSE:AMD) ended up at $3.28 in last trading session. Company distance from 20-day simple moving average (SMA20) is -10.71% while its monthly performance stands at -19.61%. Advanced Micro Devices, Inc. (NYSE:AMD) is -31.67% away from its 52 week high.