Hints and tips:
...“In an environment where growth is back, companies feel the pressure to justify the multiples they are trading on,” said Alison Harding-Jones, Citigroup’s Europe, Middle East and Africa M&A head....
...Thanks to a series of court rulings since the mid-2000s, such as eBay v MercExchange in 2007, Mayo Collaborative Services v Prometheus Laboratories in 2012 and Alice Corp v CLS Bank in 2014, and the subsequent...
...US oil producers are increasingly transporting oil by pipeline rather than rail, Berkshire said....
...Although Berkshire has no oil and gas subsidiaries, its railroad business transports oil, coal and agricultural products, and its manufacturing arm sells products to the shrinking oil industry....
...Hess advanced 1.5 per cent to $39.29 after analysts at Goldman Sachs upgraded the oil and gas producer to “buy” from “neutral” and maintained their $59 price target, noting the company’s “significant potential...
...The company was also “highly levered to oil and gas prices through its producing assets in the Gulf of Mexico and California”, analysts at Nomura said....
...(WSJ) COMMENTS etc For Moscow, Ukraine is always ‘Little Russia’ (Reuters) Europe has to stop hiding beneath the bedcovers (Financial Times, Stephens) US v China: is this the new cold war?...
...But Exxon is one of only two companies – the other being General Electric – that were in the Dow Jones Industrial Average in 1929 and are still there today....
...surprise,” said Stephen Gengaro, an oil services analyst at Sterne Agee....
...US-listed shares in the oil company, which is selling assets to help pay for the cost of the oil spill in the Gulf of Mexico, fell0.8 per cent to $40.59....
...News Corp , the owner of Fox News and newspapers around the world, beat expectations as advertising recovered....
...Stephen Elop, formerly head of Microsoft’s business unit, replaces Olli-Pekka Kallasvuo, who was under fire from some investors....
...Shares of ATP Oil & Gas Corporation also fell after it reported worse-than-expected earnings....
...US-listed shares in BP were 0.1 per cent higher to $27.05 after the oil company said that Tony Hayward, who has faced criticism for his handling of the Gulf of Mexico oil spill, did not plan to resign as...
...oil company, in the next two years....
...Chevron, the second-largest US energy company by market capitalisation, fell 0.5 per cent to $74.30 on news that it was to sell a UK oil refinery, cut 2,000 jobs and divest assets in the Caribbean and Central...
...The S&P 500 closed 2.9 per cent down at 896.42 while the Dow Jones was 2.6 per cent per cent lower at 8,280.74....
...US stocks finished marginally higher on Friday after a late rally led by the energy sector, which was boosted by a rise in oil prices....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...Time Warner, the media company, agreed to spin off Time Warner Cable....
...In Pennzoil v. Texaco, Jamail won from Texas courts damages of $10.5bn for Pennzoil after Texaco encroached on an informal but still binding contract Pennzoil had to buy another company; Getty Oil....
...The Dow Jones industrial average rose 0.4 per cent to 12,262.89....
...Large-cap technology companies declined amid worries about their growth prospects. Energy stocks were also sold as oil prices retreated....
...A retreat in crude oil prices provided a boost to companies sensitive to high energy prices, particularly the transport sector....
...Higher oil prices were also on the radar screen of investors....
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