PPM Blog
Rosneft deal with AAR, BP legally binding: report
MOSCOW–Russian state-owned oil giant Rosneft (ROSN.RS) said Wednesday it views the memorandum with consortium AAR and agreement with BP PLC (BP.LN) over TNK-BP (TNBP.RS) as legally binding, Interfax reported. Read More
Valeo venture to buy Ford climate-control business
French automotive parts maker Valeo SA (FR.FR) and privately-held V. Johnson Enterprises of the U.S. Monday said they have formed a joint venture called Detroit Thermal Systems (DTS) to acquire Ford Motor Co’s (F) climate control business, Automotive Comonents Holdings, [...]
al lewis: Gupta: A good man who did bad things
Someone should nominate Rajat Gupta for sainthood before he reports to prison for securities fraud, Al Lewis reports. Read More
Heard on The Street: BP bows in Russia
Game, set and match to Rosneft ROSN.RS. The state-owned Russian oil giant is poised to secure 100% of TNK-BP TNBP.RS, the oil company now jointly owned by BP BP and oligarch group Alfa Access Renova. The oligarchs have a memorandum [...]
MarketWatch First Take: Obama, Romney fret about CNN’s Crowley
The presidential candidates may be concerned that the moderator might take a stronger role than they desire, writes media columnist Jon Friedman Read More
Movers & Shakers: Tuesday’s biggest gaining and declining stocks
Here are some of Tuesday’s most notable stock moves. Read More
Gazprom says Nord Stream in pipeline build: report
MOSCOW–Nord Stream, the consortium that operates a natural gas pipeline that ships Russian gas to Western Europe, will build two more pipelines to expand capacity, the chief executive of OAO Gazprom (GAZP.RS), which has a 51% stake in the company, [...]
Europe Markets: Europe stocks wobble as ECB leaves rates unchanged
European stock markets struggle for direction on Thursday as the European Central Bank and the Bank of England kept their respective interest rates on hold, while U.S. jobless claims ticked higher. Read More
Anglo Platinum: Strike has spread to Limpopo mine
JOHANNESBURG–Unrest at Anglo American Platinum Ltd.’s AMS.JO South African mines spread Tuesday as more workers refused to work and demanded higher wages. The world’s largest platinum producer said miners at its Union mine in Limpopo refused to go underground Tuesday [...]
Toshiba to sell new power generation system
TOKYO–Toshiba Corp. (6502.TO) will partner with General Electric Co. (GE) to sell a new, combined cycle gas power generation system in Japan, Taiwan, the Philippines and other Asian regions that use the same electric current, a Toshiba spokesman said Thursday. [...]