ConocoPhillips sold various oil assets located in Northern America, Asia and Africa. A Reuters report said US oil company ConocoPhillips expected to receive USD8.
Investors
AUB looks for acquisitions overseas
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Cohen sells USD800 million in blue-chip art amidst securities case against SAC Capital
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
Morgan Stanley, UBS and Goldman Sachs bankers form new advisory venture in London
A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.
Chegg IPO to raise USD172.50 million
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
Latest News
The outlook of the Greek economy showed promise as stocks receives attention. Analysts said Greek stocks are performing well and have beaten every market while recession eased, according to a report by Bloomberg.
Warren Buffett wants more liquidity in assets to have cash when there is fear in the market. Experts said that financial investor Warren Buffett is not investing his cash pile fast enough, according to a report by Bloomberg.
Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
The new manufacturing commitments for the US that would be announced by Wal-Mart and the US government were part of the retailer's USD50 billion investment pledge to the US economy.
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
FullSlate, an online scheduling service provider, was acquired by American software company Intuit for an undisclosed sum.
A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
