by | Oct 1, 2010 | Towing
BHP Billiton (BHP) will lodge a motion intended to remove a legal obstacle to its $39 billion hostile takeover bid for Potash Corp (POT).
BHP said it plans to file a motion challenging a lawsuit filed by Potash Corp., which alleges that BHP misrepresented material facts related to the bid.
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BHP will file its motion in the next few days, Reuters reported.
Potash Corp. rejected BHP…
Continue reading BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid
BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid originally appeared on DailyFinance on Fri, 01 Oct 2010 07:44:00.
Filed Under: Company News, Investing, Green, Stocks in the News
by | Oct 1, 2010 | Towing
Sinopec Group (SHI), China’s second-largest oil and gas producer, will invest $7.1 billion in Repsol’s (REP) Brazilian unit.
Sinopec will buy new shares in the Spanish company’s Brazilian unit, giving the Chinese company a 40% stake, Bloomberg News s…
by | Oct 1, 2010 | Towing
BP (BP) named the U.S. oil assets that will help finance its $20 billion compensation fund for victims of the Gulf oil disaster.
Revenue from oil fields including Thunder Horse, Atlantis and Mad Dog will be tied to compensation payments, the oil giant said in a statement.
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“The pledging of these assets underscores our commitments to the Trust which we set up to pay all legitimate…
Continue reading BP Names Assets as Collateral For Compensation Fund
BP Names Assets as Collateral For Compensation Fund originally appeared on DailyFinance on Fri, 01 Oct 2010 07:04:00.
Filed Under: Energy, Company News, Technology, Green, BP
by | Sep 30, 2010 | Towing
Rolls-Royce Group said CEO John Rose will step down at the end of March after more than 14 years in charge of the company.
Rose turned Rolls-Royce into the world’s second-biggest aircraft engine maker, Bloomberg News said. John Rishton, who is currently CEO at retailer Royal Ahold NV, will replace Rose.
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Rishton is currently a non-executive director at Rolls-Royce and was previously…
Continue reading Rolls-Royce CEO Rose to Retire in March
Rolls-Royce CEO Rose to Retire in March originally appeared on DailyFinance on Thu, 30 Sep 2010 06:53:00.
Filed Under: Energy, Company News, Technology, People, Green
by | Sep 29, 2010 | Towing
Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety.
Andy Inglis, the head of the company’s upstream business, will leave the company at the end of the year, BP said in a statement.
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The company also set up a safety and operational risk unit to monitor and enforce safety standards across BP. Mark Bly…
Continue reading BP Creates Safety Unit, Fires Executive
BP Creates Safety Unit, Fires Executive originally appeared on DailyFinance on Wed, 29 Sep 2010 07:15:00.
Filed Under: Energy, Company News, Technology, Green, BP
