Hess sells of Hetco, its energy trading subsidiary. Hess Corp will be selling off its energy trading arm Hetco to precipitate its exit from the gasoline and marketing industry by the year 2015.
Investors
UPDATE: News Corp Completes Sky NZ Stake Sale
News Ltd of News Corp sells of shares in Sky Network Ltd. As previously reported in Reuters, News Corp SA has completed the sale of its 44% share in New Zealand's Sky Network Ltd.
BP Loses Bidding War Against ExxonMobile for the 2nd Time
BP lost a bidding battle again to United States' ExxonMobile as the latter acquires access to Arctic Laptev Sea Fields where Russia's Rosneft has prospect reserves.
Trafigura Exploring Bid for Nyrstar
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
Fiat to Acquire Remaining Chrysler Stake
Fiat's CEO reveals the company's plan of buying out the remaining shares in Chrysler, in which it has 58.5 percent share, as the company met with banks for acquisition financing.
Latest News
Gundlach now buying ten year Treasury Bills. One of the world's best fund managers, Jeffrey Gundlach took a 180 degree turn on government debt. He said he has purchased "more long-term Treasuries in the last month" compared to his purchases in the last four years.
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
It's a substantial shot in the arm and vote of confidence for these young startups It's a substantial shot in the arm and vote of confidence for these young startups.
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
U.S. silver mining company Hecla Mining Co. is set to buy Aurizon Mines Ltd. as part of its attempt to gain access to a Quebec gold mine.
A Qatari and UAE consortium would offer to purchase Arsenal FC from Stan Kroenke. A consortium of investors from Qatar and the UAE are preparing to bid for English Premier League football club Arsenal.
New Zealand's dominant television company Sky Network said that News Corp., its major shareholder, will be selling its 44% stake to institutional and retail investors.
MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Agaoglu to float sukuk or Islamic bonds. One of Turkey's largest construction and real estate firms, Agaoglu Group is in the midst of planning the issuance of US$2 billion worth of sukuk or Islamic bonds.
