The beleaguered OGX Petroleo is seeking stake sales of oil interests with Petronas and Lukoil. The flagship corporation of Brazilian mogul Eike Bautista, OGX Petroleo e Gas SA, is in negotations to sell off its 40% shareholdings to Russia's Lukoil.
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Fagor Reels from Boston Bombings
Fagor was identified as the pressure cooker that was used in housing the Boston Marathon bombs. Another effect of the Boston Bombing episode is not just the death of three people and over 170 injured was felt halfway around the world.
Nigerian Regulators Issue New Rules
NCC issues new rules for mobile phone users in Nigeria. Under new regulations for mobile phone users in Nigeria, indivdual customers can change their service providers and retain their numbers.
Time Warner and CBS Ripe to Merge
Time Warner and CBS's complementary strengths would make a merger most viable. Time Warner Inc and CBS Corp have flirted about a merger for many years and now may be a good time for it to happen.
Cathay Fortune Refuses Support for Discovery Metals Plan
Cathay Fortune said it would not support the plan of Discovery Metals to expand capitalization. The top shareholder in Discovery Metals Ltd, private equity firm Cathay Fortune Corp said it would not vote for the approval of the company's plan to increase capital funding.
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Nikkei reports Mitsui and Kawasaki are in merger discussions. Mitsui Engineering and Shipbuilding Co and Kawasaki Heavy Industries Ltd are to begin merger discussions.
As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.
Greece to receive aid for payment of its bills. According to reports of two Greek newspapers on Saturday, about Eur3. 2 billion was set aside to rescue Greece from its financial obligations, which came earlier than expected.
In polls conducted by two newspapers, Austrians do not mind relaxation of bank secrecy laws for foreign accounts in their banking system.
Russia extends help but conditions that help on "taking their interests into consideration."
EADS shareholders to expect higher dividends because of new policies according to corporate CFO. In a report from Reuters, the European Aeronautic Defence and Space Company N.
The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
The iconic British car Aston Martin is growing in the car markets of China. The CEO of the iconic British sports car Aston Martin has announced a ten percent increase in global sales for 2012.
Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
