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Billionaire seeks to replace 40% of Occidental’s board of directors

8 hours ago DieselGasoil Comments Off on Billionaire seeks to replace 40% of Occidental’s board of directors
7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

India lifted 271 million people out of poverty between 2006 and 2016 – UN

1 week ago DieselGasoil Comments Off on India lifted 271 million people out of poverty between 2006 and 2016 – UN
A new report by the United Nations shows that 1.3 billion people across 101 countries are “multidimensionally poor,” which means that poverty is defined not simply by income but by a number of indicators. Those indicators include poor health, poor quality of work, and the threat of violence. The report identified 10 countries, with a Read More

Anadarko shareholders to vote next month on Occidental deal

1 week ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More

Amazon founder Bezos’ divorce final with $38 billion settlement: report

2 weeks ago DieselGasoil Comments Off on Amazon founder Bezos’ divorce final with $38 billion settlement: report
FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and wife MacKenzie Bezos. REUTERS/Danny Moloshok (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way for her Read More

Icahn steps up fight with Occidental over deal, wants board seats

3 weeks ago DieselGasoil Comments Off on Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. FILE PHOTO: Investor Carl Icahn responds to a question at a meeting to announce the findings of the Read More

‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat

4 weeks ago DieselGasoil Comments Off on ‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat
SEOUL/CHICAGO (Reuters) – Delta Air Lines bought a small stake in Korean Air Lines Co’s parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea’s top carrier that seeks to thwart a local activist fund’s challenge. FILE PHOTO: A Delta Air Lines flight is pushed Read More

Anadarko pressed Occidental for cash, expecting investor opposition -filing

1 month ago DieselGasoil Comments Off on Anadarko pressed Occidental for cash, expecting investor opposition -filing
HOUSTON (Reuters) – Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum’s approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday. FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, Read More

Warren Buffett charity lunch fetches record $4.57 million winning bid

2 months ago DieselGasoil Comments Off on Warren Buffett charity lunch fetches record $4.57 million winning bid
(Reuters) – An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. Read More