Phillips 66 Partners to buy Bakken assets from Phillips 66
(Reuters) – Phillips 66 Partners LP said on Friday it would buy pipeline and other assets from parent Phillips 66 in a $2.4 billion deal that strengthens the master limited partnership’s presence in the prolific Bakken basin.
Turkey’s Pladis looks at Nestle’s U.S. candy as part of expansion
LONDON (Reuters) – Pladis, the Turkish company that owns Godiva chocolate and McVitie’s biscuits, is considering making an offer for Nestle’s U.S. confectionery assets, which could be valued at around $2 billion, as part of its international expansion…
Wall St. flat as North Korea tensions make investors risk-averse
(Reuters) – U.S. stocks were little changed on Friday as fresh concerns over tensions between North Korea and the United States weighed on the mood of investors.
Exclusive: VW moves to secure cobalt supplies in shift to electric cars
LONDON (Reuters) – Germany’s Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars.
Uber stripped of London license, plans to appeal
LONDON (Reuters) – London stripped Uber on Friday of its license to operate from the end of next week in a huge blow to the taxi service and 3.5 million users in one of the world’s wealthiest cities.
Wall Street set for lower open as North Korea tensions mount
(Reuters) – U.S. stocks were set to open lower on Friday as investors turned risk averse after North Korea and the United States entered into a fresh war of words.
Time Inc in talks to sell assets; warns on third-quarter ad revenue softness
(Reuters) – Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter.
Volkswagen chairman doesn’t rule out outsider as next CEO
HAMBURG (Reuters) – Volkswagen’s supervisory board does not rule out doing away with a custom under which the carmaker’s top executive must be a company veteran, Chairman Hans Dieter Poetsch said.
Exclusive: T-Mobile, Sprint close to agreeing deal terms – sources
(Reuters) – T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
Phillips 66 to sell assets to MLP in $2.4 billion deal
(Reuters) – Phillips 66 Partners LP , the master limited partnership (MLP) of Phillips 66 , said it would buy assets from the refiner in a deal valued at $2.4 billion, including debt, in its biggest acquisition ever.
