BP to cut 275 jobs in Alaska after oil field disposals
LONDON (Reuters) – BP will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area, it said on Tuesday.
Goldman Sachs revises price guidance on debut sukuk; books at $1.4 billion: leads
DUBAI (Reuters) – Goldman Sachs will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday.
Europe’s startups get bootcamp booster
AMSTERDAM (Reuters) – In the two years that Rockstart Accelerator – a private bootcamp for tech firms – has been going, it says the 20 startups it has backed have raised 15 million euros ($19 million) and created nearly 150 permanent jobs.
Hyundai Motor to build two new plants in China instead of one: sources
SEOUL/SHANGHAI (Reuters) – South Korean automaker Hyundai Motor Co plans to build two new factories in China instead of one, two people familiar with the matter told Reuters on Tuesday.
Airbus to sell off business units in defence and space review
BERLIN/PARIS (Reuters) – Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and s…
Boeing-Lockheed venture said teaming with Bezos on rocket engine
WASHINGTON (Reuters) – A joint venture of Boeing Co and Lockheed Martin Corp plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com Inc founder Jeff Bezos, to develop a new rocket engine, a source familiar wit…
Russia considers Rosneft request for help from state fund
MOSCOW (Reuters) – Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had “on the whole” approved the company’s investment prog…
As U.S. farm cycle turns, tractor makers may suffer longer than farmers
CHICAGO (Reuters) – Farm equipment makers insist the sales slump they face this year because of lower crop prices and farm incomes will be short-lived. Yet there are signs the downturn may last longer than tractor and harvester makers, including Deere & Co , are letting on and the pain could persist long after corn, soybean and wheat prices rebound.
Venezuela airline crisis makes travelers ever more inventive
CARACAS (Reuters) – Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a ‘no-fly’…
Mitsubishi Motors to invest $600 million in Indonesian car factory
JAKARTA (Reuters) – Japan’s Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in As…
