Transocean Soars on Settlement News
January 03, 2013 at 13:49 PM EST
Shares of Transocean (NYSE: RIG ), the provider of offshore drilling services, are soaring by 7.4 percent on volume that is well over twice the daily average after the company agreed to a $1.4 billion settlement with the U.S. Justice Department for its roll in the 2010 Gulf of