Exclusive: Citgo valued at more than $10 billion in revised bids – sources
(Reuters) – Citgo Petroleum Corp, Venezuela’s U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter.
Apple says online store in Russia is down due to rouble fluctuations
SAN FRANCISCO (Reuters) – Apple confirmed on Tuesday that it has taken down its online store in Russia due to extreme fluctuations in the value of the rouble.
Tom Williams named Airbus unit no.2 as Butschek leaves
PARIS (Reuters) – Airbus Group on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/2 years in the role.
Exclusive: India’s ONGC, PDVSA aim to raise around $1 billion for Venezuela JV – sources
CARACAS/ NEW DELHI (Reuters) – India’s Oil and Natural Gas Corp and Venezuela’s state oil company PDVSA are seeking around $1 billion in credit to stem an output decline at their San Cristobal joint venture, two sources close to the negotiations told R…
Air bag maker Takata hires public relations firm Sard Verbinnen
DETROIT (Reuters) – Takata Corp said on Tuesday it has hired public relations firm Sard Verbinnen & Co, as the company contends with the fallout from its recall crisis for potentially defective air bag inflators that can spray vehicle occupants with metal shrapnel.
Brazil prosecutor seeks indictment against former Petrobras CEO
RIO DE JANEIRO (Reuters) – Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA and a leading local construction and engineering firm…
Ex-Sony employees sue, claim company failed to protect data
(Reuters) – Sony Pictures Entertainment Inc has been sued in a class action by two people who described themselves as former employees and accused the company of failing to protect employee data.
Repsol to buy Talisman Energy for $13 billion
MADRID (Reuters) – Spain’s Repsol has agreed to buy Talisman Energy , Canada’s fifth-largest independent oil producer, for $13 billion as the drop in oil prices pushes energy companies to take the plunge on big M&A deals.
Alstom nearing $700 million U.S. bribery settlement: source
WASHINGTON/PARIS (Reuters) – Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million, a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for forei…
Wal-Mart must pay $188 million in workers’ class action
(Reuters) – The Pennsylvania Supreme Court ordered Wal-Mart Stores Inc to pay $188 million to employees who had sued the retailer for failing to compensate them for rest breaks and all hours worked.
