BP Strikes $2.2 Billion Deal for 10% Stake in UAE Oil Fields
LONDON—BP has traded a 2% stake in the company for a 10% interest in one of the last big oil concessions available in the Middle East, the company said Saturday, ending a yearslong standoff over the terms to gain access to the license in the United Arab Emirates. The all share deal, worth roughly £1.8 billion ($2.2 billion), gives BP access to onshore oil fields containing 20-30 billion barrels of oil equivalent over the 40-year term...>> view originalDon't be fooled: Mylan's 'bargain' price for its generic EpiPen conceals a massive price hike
Mylan, which showered itself in infamy by jacking up the price of its EpiPen, a potentially life-saving epinephrine injector, by 500% over less than a decade, announced Friday that it is finally bringing out a promised generic version of the device for $300 per two-pack. That compares with more than $600 for the branded package.Some news reports described this as “a more than 50% discount.” That’s incredibly misleading, which is exactly what Mylan hoped. In fact, the device will still cost thre..>> view originalJobless rate in New Mexico remains steady
‘‘Be slow to fall into friendship; but when thou art in, continue firm and constant,” Socrates said.>> view originalThe Final Days Of Hawaiian Sugar
Fermin Domingo, 61, worked at HC&S for 40 years. He drove in the last truck hauler of sugar cane on the plantation's final day. Molly Solomon/Hawaii Public Radio hide caption toggle caption Molly Solomon/Hawaii Public Radio Fermin Domingo, 61, climbs up the side of a sugar cane hauler for the last time. The haul truck driver h..>> view originalRedstone to Leave Viacom Board -- WSJ
Shutterstock photo By Keach Hagey and Imani Moise Sumner Redstone will step down from the Viacom Inc. board of directors in February, the company said Friday, though he will retain his chairman emeritus title. Mr. Redstone, who is 93 years old and in poor health, controls Viacom and CBS Corp. through a roughly 80% voting stake in each. Earlier this year, he gave up his executive chairman role on the boards of both companies, taking the title of chairman emeritus but keeping his ..>> view originalChristmas tree farming as much hobby and business
LAFAYETTE, Ind. (AP) - Dan Cassens, owner of Cassens Trees in West Lafayette, said there aren’t many people starting Christmas tree farms these days.The endeavor requires substantial investments in terms of acreage, time and knowledge acquisition.“It takes seven to eight years to cultivate the tree, so you’re looking at a period of around ten years before you can put that tree on the market,” Cassens said.Because of this, it isn’t an endeavor you see younger farmers and entrepreneurs embarking o..>> view originalChipotle Reaches Settlement With Ackman, Names Four New Directors
William Ackman and Chipotle Mexican Grill Inc. reached a settlement that gives the activist investor two seats on the burrito maker’s board, a truce that lets both sides focus on their other challenges. The pact gives Mr. Ackman’s partner, Ali Namvar, and longtime ally and former McDonald’s Corp. executive Matthew Paull seats on the board for at least two years, Chipotle said in a statement Friday. The company also named two other...>> view originalSteven Mnuchin Worked At Goldman Sachs, But You Wouldn't Know It From His GOP Bio
The official GOP biography of Steven Mnuchin, which appeared on the Republican National Committee’s website earlier this week, has some interesting gaps. Mnuchin, President-elect Donald Trump’s nominee for secretary of the Treasury, spent 17 years working at Goldman Sachs ― where, like his father before him, he became a partner. He also worked for hedge fund manager George Soros, founded a hedge fund of his own and was the lead investor in IndyMac, a failed subprime lender that turned into a “fo..>> view originalColorado is exploring how to keep its Obamacare marketplace after Obamacare repeal
Could the Obamacare marketplaces survive without Obamacare? Kevin Patterson, who runs Colorado's state marketplace, thinks so. Patterson is the chief executive of Connect for Health Colorado, and he knows that within a few weeks, Republicans will ...>> view original
Tuesday, December 27, 2016
BP Strikes $2.2 Billion Deal for 10% Stake in UAE Oil Fields and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment