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UK to announce sale of Bradford & Bingley assets next week: Sky News
March 13, 2016 by creative · Leave a Comment
Britain's finance minister George Osborne will announce next week plans to sell 16 billion pounds ($23 billion) worth of bank assets which were rescued from Bradford & Bingley (B&B) during the financial crisis, Sky News said on Saturday. Sky said Osborne will announce the sale during his budget statement on Wednesday but the timing of the sale by auction was unclear with the broadcaster citing sources who said the process may not conclude for many months.
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UK to announce sale of Bradford & Bingley assets next week: Sky News
Turning to frack tech, stricken U.S. oil drillers test new limits
March 13, 2016 by elegant · Leave a Comment
Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. While the impact of the techniques may be scarcely noticeable on current U.S. output with so few wells in operation, it could mean drillers are able to accelerate production more fiercely than ever once prices recover. The hunt for the…
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Turning to frack tech, stricken U.S. oil drillers test new limits
Ex-employee sues VW in U.S. over data deletion: German media reports
March 13, 2016 by publisher · Leave a Comment
A former employee of Volkswagen's U.S. subsidiary is suing the company for damages, claiming he was unlawfully fired after flagging internally what he alleged was illegal deletion of data, a group of German media outlets said on Sunday. The former employee at Volkswagen Group of America's data processing center in …
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Ex-employee sues VW in U.S. over data deletion: German media reports
China’s PBOC flags stimulus restraint but says policy should be flexible
March 12, 2016 by admin · Leave a Comment
By Xiaoyi Shao and Kevin Yao BEIJING (Reuters) – China's central bank won't resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock – domestic or global, Governor Zhou Xiaochuan said while reiterating the authority's prudent monetary policy. Under the banner of prudent policy, the Chinese central bank has cut interest rates six times since November 2014 and has also reduced the amount of …
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China’s PBOC flags stimulus restraint but says policy should be flexible
Exclusive: Apollo Global nears deal to acquire Fresh Market – sources
March 12, 2016 by admin · Leave a Comment
The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector. The New York-based buyout firm's past investments include Sprouts Farmers Market and Smart & Final Stores Inc . Apollo has prevailed in
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Exclusive: Apollo Global nears deal to acquire Fresh Market – sources
Exclusive: Energy Transfer has held talks to sell Sunoco – sources
March 12, 2016 by creative · Leave a Comment
Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco LP , according to three people familiar with the matter. While these discussions …
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Exclusive: Energy Transfer has held talks to sell Sunoco – sources
AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
March 12, 2016 by elegant · Leave a Comment
By Matt Spetalnick WASHINGTON (Reuters) – At least three major U.S. companies, AT&T Inc , Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc , are seeking to complete deals in Cuba as President Barack Obama prepares to visit Havana, a person familiar with the discussions said on Friday. It will be the first visit to Cuba by a U.S. president in nearly 90 years. AT&T is trying to complete a mobile communications agreement…
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AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit
Special Report: The final days and deals of Aubrey McClendon
March 12, 2016 by admin · Leave a Comment
By John Shiffman, Brian Grow and Michael Flaherty OKLAHOMA CITY (Reuters) – The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. U.S. prosecutors had just announced McClendon’s indictment for allegedly conspiring with a competitor to suppress land prices by rigging bids while leading his former company, Chesapeake
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Special Report: The final days and deals of Aubrey McClendon
Oil down on U.S. refinery maintenance, OPEC doubts
March 10, 2016 by elegant · Leave a Comment
By Barani Krishnan NEW YORK (Reuters) – Oil prices fell on Thursday, with U.S. crude retreating from three-month highs as refinery maintenance threatened to further raise record U.S. inventories of crude, while sources said an OPEC production freeze meeting was unlikely without Iran's participation. Crude
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Oil down on U.S. refinery maintenance, OPEC doubts
Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators
March 10, 2016 by elegant · Leave a Comment
By Andreas Cremer BERLIN (Reuters) – The departure of Volkswagen's U.S. boss is a blow to the carmaker's attempts to revive sales after its emissions test cheating scandal, but should not disrupt its efforts to strike a deal with U.S. regulators, analysts and sources told Reuters. Michael Horn, whose surprise departure from the helm of Volkswagen Group of America was announced late on Wednesday, was not on the teams negotiating with U.S. regulators over a fix for almost 600,000 vehicles…
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Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators