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Halliburton profit beats on international demand for oilfield services

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FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer (Reuters) – Halliburton Co (HAL.N) on Monday beat analysts’ estimates for second-quarter profit, as higher international demand for its oilfield services cushioned weakness in North America, its largest market. Oilfield service companies are depending on demand from international markets, which has recovered Read More

Scandal-plagued Bibi beats Ben-Gurion to become longest-serving Israeli PM

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As he faces corruption allegations and yet another election fight, Israel’s unsinkable Prime Minister Benjamin Netanyahu has set a new record by becoming the longest-serving leader of the Jewish state. The previous record of Israeli political longevity stood at 4,875 days and remained unmatched since 1963, when the nation’s founding father, David Ben-Gurion, retired as Read More

Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal

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7/19/2019 NEW YORK – Schlumberger’s Paal Kibsgaard may be leaving his job, but he’ll collect paychecks for years to come. The outgoing chief executive officer will continue to lift his $2 million annual salary through July 31, 2022, in exchange for providing “certain services” and agreeing not to take a job at a rival, according Read More

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

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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

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar

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BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, is selling its Australian operations to Japan’s Asahi (2502.T) for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured inside the brewer’s headquarters in Leuven, Belgium, Feb. Read More

Syngenta profits hit by U.S./China trade wars, bad weather

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ZURICH (Reuters) – Agricultural chemical maker Syngenta on Friday reported a 34% fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets. FILE PHOTO: The logo of Swiss agrochemicals maker Syngenta is seen on a farm in the village Read More

Syngenta CFO says it faces no glyphosate lawsuits

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FILE PHOTO: A young protestor with a bee mask takes part in “March against Bayer & Syngenta” demonstration in Basel, Switzerland May 18, 2019. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer (BAYGn.DE), the Swiss-based company’s Read More

BMW picks insider Zipse as CEO to catch up with rivals

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FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

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FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More