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Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

9 hours ago DieselGasoil Comments Off on Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown
LONDON (Reuters) – Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. tech giant’s purchase in 2011 of the Autonomy software business he founded. FILE PHOTO: The logo for The Hewlett-Packard Company is displayed on a screen Read More

Tanzania to start talks for $30 billion LNG project

13 hours ago DieselGasoil Comments Off on Tanzania to start talks for $30 billion LNG project
By Ken Karuri on 3/22/2019 DODOMA (Bloomberg) — Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect Read More

R Kelly asks judge for permission to perform gigs in Dubai

1 day ago DieselGasoil Comments Off on R Kelly asks judge for permission to perform gigs in Dubai
R Kelly has asked a judge for permission to travel to Dubai so he can perform shows and “meet with the royal family”. The cash-strapped singer’s request comes as he faces sex abuse charges. R Kelly, who denies the allegations against him, says he has been struggling to find work in the US since he Read More

Houston suburbs lift travel restrictions imposed after petrochemical fire

1 day ago DieselGasoil Comments Off on Houston suburbs lift travel restrictions imposed after petrochemical fire
HOUSTON (Reuters) – Two Houston-area cities told residents to stay indoors and closed schools on Thursday due to air pollution from a petrochemical plant fire, then lifted the travel restrictions after airborne levels of the chemicals abated. Smoke rises from a fire burning at the Intercontinental Terminals Company in Deer Park, east of Houston, Texas, Read More

Deutsche Bank CEO sees strong case for Commerzbank merger: source

1 day ago DieselGasoil Comments Off on Deutsche Bank CEO sees strong case for Commerzbank merger: source
FRANKFURT (Reuters) – Deutsche Bank chief executive Christian Sewing believes there is a strong case for a merger with Commerzbank, a person with direct knowledge of his thinking said. Sewing’s view sets the stage for a potential showdown with labor unions who fear as many as 30,000 job cuts in Germany’s two biggest banks become Read More

GasLog Ltd. Announces Eight-Year Charter With Endesa for Existing Uncommitted Newbuild Vessel GasLog Warsaw

2 days ago DieselGasoil Comments Off on GasLog Ltd. Announces Eight-Year Charter With Endesa for Existing Uncommitted Newbuild Vessel GasLog Warsaw
Monaco, March 21, 2019 (GLOBE NEWSWIRE) — Eight year fixed-term charter to new customer Endesa for existing uncommitted newbuild vessel, the GasLog Warsaw1, commencing in May 2021 Latest generation vessel will be available for charter to other customers during a period of expected strong LNG carrier demand prior to commencement of term charter to Endesa Read More

Oil majors rush to dominate U.S. shale as independents scale back

3 days ago DieselGasoil Comments Off on Oil majors rush to dominate U.S. shale as independents scale back
EDDY COUNTY, NEW MEXICO (Reuters) – In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles. Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. Read More

Australia's AMP scraps short-term bonuses to avert possible board spill

3 days ago DieselGasoil Comments Off on Australia's AMP scraps short-term bonuses to avert possible board spill
SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year. FILE PHOTO: The logo of AMP adorns the head office of Australia’s biggest retail Read More

Brazil said to see Petrobras payout surpassing $18 billion

3 days ago DieselGasoil Comments Off on Brazil said to see Petrobras payout surpassing $18 billion
By Sabrina Valle on 3/19/2019 RIO DE JANEIRO (Bloomberg) — Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to Read More

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

4 days ago DieselGasoil Comments Off on U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza
(Reuters) – Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. FILE PHOTO: A waitress issues a receipt at a cafe in Athens, Greece, June 25, 2015. REUTERS/Alkis Konstantinidis The Read More