Big Brazil oil sale attracts 11 firms as Exxon, BP, BG pass
RIO DE JANEIRO (Reuters) – Only 11 oil companies paid the fee required to qualify for a planned October 21 auction of Brazil’s biggest ever oil discovery, the country’s petroleum regulator said on Thursday, noting that almost four times that many compa…
Wall Street launches defense of physical commodities role
NEW YORK (Reuters) – Wall Street launched its first concerted defense of its role in physical commodity markets on Thursday, funding a report that highlighted the risks of banks being pushed out of the sector by political and regulatory pressure, and g…
U.S. court halts $8.2 billion Activision deal with Vivendi
SAN FRANCISCO/PARIS (Reuters) – A U.S. court has taken the rare step of halting Vivendi SA’s $8.2 billion deal to sell most of its stake in Activision Blizzard Inc back to the U.S. videogame publisher, but the move is unlikely to kill the transaction, …
Goldman Sachs finally ends litigation over 1999 eToys IPO
WILMINGTON, Delaware (Reuters) – Litigation over Goldman Sachs Group Inc’s role in the spectacular rise and fall of eToys Inc finally ended on Thursday with court approval of a $7.5 million settlement.
U.S. economy shows signs of shrugging off higher interest rates
WASHINGTON (Reuters) – U.S. home resales surged in August to a 6-1/2-year high and factories grew busier in the Mid-Atlantic region this month, signs that rising borrowing costs are weighing only modestly on the economy.
US regulators order JPMorgan to refund $309 million over billing
WASHINGTON (Reuters) – U.S. regulators on Thursday ordered JPMorgan Chase & Co to refund about $309 million to credit-card customers who were billed for identity-theft protection services that they did not receive.
Peugeot Citroen CEO says will build minicar with Toyota – magazine
FRANKFURT (Reuters) – French carmaker PSA Peugeot Citroen will continue to collaborate with Japan’s Toyota in the minicar segment in Europe, PSA’s chief executive told a German car magazine.
Lufthansa unveils huge Airbus, Boeing jet order
FRANKFURT (Reuters) – Deutsche Lufthansa unveiled a $19 billion order for new jets on Thursday as its outgoing chief executive warned the historic investment must not dilute the resolve of Europe’s largest airline to stay in the black.
Lufthansa unveils huge Airbus, Boeing jet order
FRANKFURT (Reuters) – Deutsche Lufthansa unveiled a $19 billion order for new jets on Thursday as its outgoing chief executive warned the historic investment must not dilute the resolve of Europe’s largest airline to stay in the black.
Rolls-Royce and UTC abandon aero engine partnership
LONDON (Reuters) – British aero engine maker Rolls-Royce and United Technologies Corp have abandoned plans to form a partnership to develop engines for mid-size aircraft, the two firms said on Thursday.
