Legal & Regulatory
Exxon winds down drilling as U.S. sanctions hit Russia
Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations.
The Trendlines Group Ltd. Files Final Prospectus and Announces Pricing for Initial Public Offering of Ordinary Shares
The Trendlines Group Ltd. ("Trendlines" or the "Company") has filed a final prospectus with the securities regulatory authorities in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and Nova Scotia in connection with the initial public offering (the "Offering") of its ordinary shares. A copy of the final prospectus is available on the SEDAR website at www.sedar.com.
Vivendi, Telefonica seal $9.3 billion Brazilian broadband deal
French media group Vivendi has finalised an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica for cash and shares worth around 7.2 billion euros ($9.29 billion), the companies announced on Friday.
Hyatt Hotels to sell 38 hotels as franchises for about $590 million
Hyatt Hotels Corp (H.N) said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.