Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decision by this weekend.
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Bernie Sanders, Elizabeth Warren seek hedge fund regulation
Recently unveiled new Brokaw Act is a Congressional effort to regulate activist funds. The new act aims at regulating activist funds. Democratic Presidential candidate Bernie Sanders and Massachusetts senator Elizabeth Warren have co-sponsored the Brokaw Act.
George Osborne's £1bln budget boost for North Sea
Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.
Spotify Agrees to Pay $21 Million for Music Royalties
The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.
Standard & Poor's Will Review Pershing Square Rating
Following Valeant Pharmaceuticals' meltdown, S&P rating service puts Pershing Square Holdings Ltd on review. However, S&P acknowledged swift decision by the firm to strengthen its liquidity after a massive loss.
Latest News
TransCanda has announced on Thursday its acquisition of Columbia Pipeline for $13 billion in total, enabling the energy giant to represent itself as a dominant player in the businesses of natural gas across the North America. The deal appears following a series of announcement for merger in the energy sector including $2.3 billion deals in 2016.
Alphabet's Google has landed Apple as a customer for its cloud computing platform. Apple has started to store part of its cloud service in Google cloud platform, while also building its infrastructure.
EDF has been witnessing a stretched balance sheet mainly due to lower power tariff. The French utility’s CFO has resigned this month protesting go ahead with the Hinkley project citing its indebted status. However, French government has assured of financial bailout for EDF to go ahead with the project considering future business prospect.
Google launched new product targeting enterprise marketers on Tuesday. The Google Analytics 360 Suite will go head to head with Adobe and Oracle product in enterprise Internet marketing.
Domino’s Pizza has unveiled an exciting way to deliver their hot and sumptuous pizza. The pizza chain introduces Domino’s Robotic Unit or DRU, which can hold up to ten pizzas and travels at 20 km/h.
South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,000 households yearly.
Bouygues SA is probably going to be acquired through a multi lateral deal. Though the deal appears for €10 Billion in total, Altice will have to pay €4 Billion. The rest deal amount will be paid by Orange SA, SFR and Illiad SA.
JPMorgan board has announced the approval of $1.88 billion buy-backs in stock. The recent buy back decision follows its earlier precedence of repurchasing stock for $6.4 billion. The board has allowed flexibility in timeframe and quantity of purchased shares or even pulling out from the decision at company’s own discretion.
Automatic emergency braking systems have proved their efficiency in preventing car accidents. The systems may reduce the number of rear-end collisions by up to 40%. Considering the efficacy level, almost all US automakers and NHTSA have reached an agreement to make the system a standard equipment on most cars by 2022.
