Hints and tips:
...During the 1980s, low interest rates and a stock market bubble fuelled a Japanese buying spree of trophy US assets like the Pebble Beach golf course, Columbia Records, Firestone Tire and InterContinental...
...Among the early adopters are IBM, Danone USA and Pirelli Tire North America....
...After a while, even the junior officers who admired his wit began to tire of his “needlessly offensive” lecturing....
...Goodyear Tire & Rubber became the latest big US company to detail damage from Venezuela’s financial crisis when the automotive tyre manufacturer reported a $646m charge against fourth-quarter earnings....
...“[Essar] couldn’t have timed this worse,” said Tony Barrett, an economics professor at the College of St Scholastica in Duluth, Minnesota and an expert on the local mining industry....
...Plunging prices for natural gas, which have fallen alongside oil since last summer, led to it being used to generate 31 per cent of America’s electricity in April, while coal contributed 30 per cent....
...Even Silicon Valley, the epicentre of smug failure celebrations, is starting to tire of serial setbacks....
...Cooper Tire pulls out of $2.5bn merger with India’s Apollo The US’s Cooper Tire & Rubber took a surprise step to eliminate the uncertainty surrounding its sale to India’s Apollo Tyres on Monday when it...
...Apollo Tyres’ bid for Cooper Tire & Rubber is tied up in litigation. And there might also be life left in Jos A Bank’s withdrawn bid for fellow suit retailer Men’s Wearhouse....
...(FastFT) Anadarko Petroleum, the US independent oil company, has agreed to pay $5.15bn in a settlement to resolve its long-running legal battle over pollution at thousands of sites across the US....
...(Financial Times) Shares in India’s Apollo Tyres have jumped 1.5 per cent today after the company demanded a discount on the $2.5bn it had agreed for US rival Cooper Tire....
...Apollo Tyres will pay $2.5bn for Cooper Tire, the biggest-ever US acquisition by an Indian company....
...d2f17014-ab87-11e1-b675-00144feabdc0.html Russian ruble falls to 2009 crisis levels The Russian ruble plummeted to its lowest level in more than three years against the dollar on Thursday, bruised by falling oil...
...“A lower oil price pressures the economics of upstream oil development,” said Hsulin Peng, senior analyst at Robert W. Baird & Co....
...Elsewhere in the sector Newfield Exploration, the US oil group, was up 0.5 per cent to $75.58 while EOG Resources added 1.8 per cent to $113.36....
...Oilfield services stocks were some of the best performing in the session despite oil prices ticking lower....
...In Indonesia, steelmaker Posco is building a $6bn mill, its first overseas integrated plant, and Hankook Tire is planning a factory....
Consumers argue domestic prices will rise to global levels
...Hankook Tire, the world’s seventh largest tyre maker, plans to build a $500m plant in Indonesia next year while LG Electronics is considering making the country a regional manufacturing hub, according to...
...But there is “Big Oil” – last year, Royal Dutch Shell earned more than $1bn a month – and then there is bigger oil....
...Goodyear Tire & Rubber, the biggest US tyremaker, climbed 3 per cent to $17.78....
...ConocoPhillips, the first big US oil producer to report results this week, was down 2.8 per cent at $49.49 after announcing a 71 per cent drop in profit to $1.5bn, or $1 a share....
...The asset management industry is in trouble, as investors tire of the high fees imposed by sub-performing asset managers who fail to deliver the promised “alpha”....
...Lear and Goodyear Tire & Rubber lost 12.3 per cent to $1 and 13.5 per cent to $4.18, respectively....
...The drop in crude oil hurt resource-related stocks across the region. In Australia, BHP Billiton lost 3.7 per cent to A$28.80 and Rio Tinto fell 1.9 per cent to A$76.49....
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