Companies


    • Chevron buys Anadarko Petroleum for $33bn

      Chevron buys Anadarko Petroleum for $33bn

      Chevron on Friday announced plans to acquire oil and gas exploration and production company Anadarko Petroleum in a cash and stock deal valued at $33bn. The transaction will give the second biggest US energy company a boost in shale oil production as well as African liquefied natural gas, putting it in the top ranks of the world’s largest energy companies.

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    • Rolls-Royce agrees to EU inspection

      Rolls-Royce agrees to EU inspection

      Rolls-Royce Holdings PLC announced today that it has agreed to an inspection regime with European regulators seeking to confirm the condition of its Trent 1000 TEN fleet over the next few months. The British aircraft-engine maker said this is part of its work to respond to issues on its Trent 1000 TEN engines, the company's newest version used on Boeing 787-10 Dreamliners, in which earlier than anticipated blade deterioration has been identified.

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    • Saudi Aramco is world's most profitable company

      Saudi Aramco is world's most profitable company

      Saudi Arabia’s national oil company was the most profitable company in the world in 2018, a new report released by Fitch Ratings shows. According to the data, which is revealing a few of company's best kept financial secrets, Saudi Arabian Oil Co. - known as Aramco - generated a whopping $224bn last year, before interest, tax and depreciation. And this reportedlt "accounted for around 70% of the country's budget revenue proceeds."

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    • Commission fines Nike €12.5m

      Commission fines Nike €12.5m

      The European Commission has announced on Monday it had fined Nike €12.5m for banning traders from selling licensed merchandise to other countries within the EEA. In particularly, the restriction concerned merchandising products, like mugs, bags, bedsheets, stationery, toys, of some of Europe's best-known football clubs and federations, for which Nike held the licence.

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    • ExxonMobil faces EU parliament ban

      ExxonMobil faces EU parliament ban

      ExxonMobil could become the second company after Monsanto to lose lobbying access to members of European Parliament after it failed to turn up to a hearing Thursday into whether or not the oil giant knowingly spread false information about climate change.

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    • Twitter co-founder steps down from board

      Twitter co-founder steps down from board

      Twitter Inc. co-founder and former Chief Executive Evan Williams is to step down from the company’s board, closing a 13-year run that started with a simple idea to use up some leftover money. The news was revealed in a new filing with the Securities and Exchange Commission. According to documents Williams, who is currently CEO of publishing platform Medium, will officially depart at the end of the month. Yet, no explanation for his departure has been given.

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    • Honda closes its only British factory as Brexit looms

      Honda closes its only British factory as Brexit looms

      The Japanese automaker Honda has become the latest business to announce plans to leave Britain as global forces reshape the car industry and the country prepares to exit the European Union. On Tuesday the carmaker confirmed it will shut down its only manufacturing plant in the EU, which lies in the English town of Swindon and currently employs 3,500 people. Thousands more jobs will be also put at risk at suppliers and other businesses.

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    • Coca-Cola HBC acquires Serbian company Bambi

      Coca-Cola HBC acquires Serbian company Bambi

      Soft drink bottler Coca-Cola HBC announced its acquisition of  Serbian biscuit, confectionery and snack maker Bambi for an enterprise value of €260m from private equity investor Mid Europa Partners. The deal is expected to close in the second quarter of 2019, a company statement reads.

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