BP signs $12 billion energy deal in Egypt
SHARM EL-SHEIKH, Egypt (Reuters) – Oil company BP has signed an agreement to invest $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, a joint statement from the company and the government said on Saturday.
U.S. appeals ruling on size of BP oil spill
WASHINGTON (Reuters) – The U.S. government is appealing a federal court ruling that reduced the potential penalty BP Plc must pay for the 2010 Gulf of Mexico oil spill by almost $4 billion.
Boeing starts building 737 wings with new automated system
SEATTLE (Reuters) – Boeing Co has started using a new automated system to build wing panels for 737 jetliners, an important step in preparing to hit record production speeds while introducing new models of the popular plane.
Eni signs heads of agreement with Egypt worth $5 billion over four-five years
SHARM EL SHEIKH, Egypt (Reuters) – Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion over 4-5 years, the oil minister and the company said on Saturday at a weekend investment summit in the Red Sea resort of Sharm El-Sheikh…
PepsiCo to invest $500 million in Egypt this year
SHARM EL SHEIKH, Egypt (Reuters) – PepsiCo will invest $500 million in Egypt this year to expand production, its business unit manager for North East Africa said on Saturday.
Boeing starts building 737 wings with new automated system
SEATTLE (Reuters) – Boeing Co has started using a new automated system to build wing panels for 737 jetliners, an important step in preparing to hit record production speeds while introducing new models of the popular plane.
U.S. businesses avoiding Lumber Liquidators amid safety allegations
CHICAGO (Reuters) – A U.S. home improvement association and several individual contractors said on Friday they would recommend customers avoid Lumber Liquidators Holdings Inc , highlighting the widening fallout from allegations about the safety of its …
Investors in ‘patient panic’ over Fed language
U.S. stock markets are in the midst of a “‘patient’ panic” ahead of Wednesday’s Federal Reserve statement, when many investors expect a change in the Fed’s language that would send the clearest signal yet that a rate hike is coming soon.
Coke CEO’s declined bonus not enough for pay critic Winters
BOSTON (Reuters) – A decision by Coca-Cola Co’s chief executive to decline his 2014 bonus did not go far enough, a well-known pay critic said Friday, indicating the company could face more scrutiny of its compensation ahead of its shareholder meeting t…
China’s BYD takes aim at Tesla in battery factory race
LOS ANGELES (Reuters) – Chinese automaker BYD Co Ltd , backed by Warren Buffett’s Berkshire Hathaway Inc , aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage.
