Wall Street Journal reported on Sunday that Royal Dutch Shell would be selling its Eagle Ford unit in South Texas.
Sectors
Violence escalates in Mali as soldiers and rebels exchange fire
Government soldiers in Mali and separatist rebels exchanged gunfire in the northern town of Kidal on Sunday, escalating violence in the African nation.
Rosneft to buy out TNK-BP minority bloc for USD1.5 billion
Russian oil producer Rosneft announced on Monday that it would be buying out the minority shareholders of TNK-BP Holding for USD1.5 billion to complete its USD55 billion takeover of TNK-BP.
Berkshire's warrants to earn USD2 billion worth of Goldman Sachs stock
By providing capital during the 2008 crisis, Berkshire Hathaway now reaps the profits in terms of Goldman Sachs stock.
Report cites some financial effects of a government shutdown
As the US Capitol registered no activity on the possibility of a government shutdown, a report outlined some possible financial effects if it finally occurred.
Latest News
A Reuters report said that the USD2.5 billion takeover proposal of Cooper Tire and Rubber Co by Apollo Tyres Ltd would be awaiting shareholder approval.
Glencore Xstrata was unlikely to be considered a bidder for OZ Minerals, said a banker familiar with both companies.
King.com confidentially filed an initial public offering following the much awaited debut of Twitter Inc's IPO, said a person familiar with the matter.
Creditors were poised to provide USD5.9 billion loans to Tokyo Electric Power Co. (Tepco), according to a Reuters report.
According to news website Quartz, Twitter Inc. would make its IPO filing public this week and would probably start trading before the thanksgiving holiday on November 28.
According to five people, ING Groep might sell 43% of its stake in Vysya Bank and had been looking for a potential buyer for the transaction.
According to a spokesperson for Tata Sons, the group had comprehensively addressed all questions from all probing government agencies regarding the 2007 deal between Tata and Unitech.
Blackstone Group had been in advanced talks with Bain Capital regarding the sale of 13.09% of its stake in Emcure Pharmaceuticals valued USD100 million.
Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
