Exclusive: Weatherford, China’s Sinopec close to oil service tie-up; shale in focus
BEIJING (Reuters) – China’s Sinopec Corp and U.S.-listed Weatherford International are in advanced talks about forming a joint oilfield service company, as the world’s top energy consumer seeks overseas expertise to help unlock its vast shale resources…
Lloyds to exit Australia with sale of leasing unit, loans: sources
SYDNEY (Reuters) – Britain’s Lloyds Banking Group is preparing to exit the Australian market, seeking to sell a leasing unit with a book value of $3.6 billion and a $625 million institutional loan portfolio, three sources familiar with the situation sa…
RBS names McEwan as CEO after swinging to first-half profit
LONDON (Reuters) – New Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday and immediately tasked with recovering British taxpayers’ cash from one of the biggest casualties of the credit crunch.
Small manufacturers bet on Detroit brand despite bankruptcy
DETROIT (Reuters) – For nearly six decades Detroit’s story has been one of relentless erosion of its once mighty manufacturing base, but even as the Motor City faces a long bankruptcy a clutch of small producers has moved in to rekindle the “Made in De…
Even when jobs return, Detroit’s workers fall short on skills
DETROIT (Reuters) – Detroit emergency manager Kevyn Orr has a long list of things to fix in the city and among them is one that may sound surprising: there are not enough skilled workers to fill job openings as they become available.
U.S. bankruptcy court to shed light on Detroit case timeline
(Reuters) – A court hearing on Friday may provide a roadmap for how Detroit’s historic bankruptcy filing will unfold as the judge overseeing the case could set a speedy schedule, appoint a mediator and rule on other matters.
Chinese tycoon plans $3.8 billion casino resort in Australia
SYDNEY/HONG KONG (Reuters) – Chinese tycoon Tony Fung has proposed to build a A$4.2 billion ($3.75 billion) casino and resort project in Australia’s Cairns city, close to the world-heritage Great Barrier Reef, a move set to accelerate competition in th…
AIG, Chinese group still in talks on $4.8 billion ILFC deal: sources
HONG KONG/NEW YORK (Reuters) – U.S. insurer American International Group Inc is still in talks about selling its aircraft leasing unit to a Chinese consortium after missing a July 31 deadline to close the $4.8 billion deal, sources said.
Icahn sues Dell in latest attempt to foil buyout
(Reuters) – Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker’s founder and CEO Michael Dell.
Judge tosses out Goldman ruling, points to arbitrator
(Reuters) – A federal judge late on Thursday tossed out a securities arbitration ruling against an investor who sought to recoup $1.4 million from Goldman Sachs Group Inc , citing an arbitrator’s failure to fully disclose his involvement in an unrelate…
