Ciena agrees to buy Nortel assets for $521 million, path still open for higher bidsOctober 7th, 2009 Ciena agrees to buy some Nortel assets for $521MLINTHICUM, Md. — Ciena Corp.
Penske terminates talks with GM to acquire Saturn brand on uncertain future.September 30th, 2009 Penske ends talks with GM to acquire SaturnDETROIT — Penske Automotive Group Inc. says it has ended talks with General Motors Corp.
Report: Federal Reserve may soon play role in compensation policies of US banking workersSeptember 18th, 2009 Report: Fed may play role in banking compensationNEW YORK — The Federal Reserve may soon be playing a role in compensation policies governing U.S. banking employees, according to a published report Friday.
Disney to acquire Marvel Entertainment for $4 billion in cash and stockAugust 31st, 2009 Disney to acquire Marvel for $4 billionLOS ANGELES — The Walt Disney Co. says it is acquiring Marvel Entertainment Inc.
Navios Maritime agrees to buy 2 vessels for $141.5 million in cash and preferred stockAugust 19th, 2009 Navios Maritime agrees to buy 2 vesselsNEW YORK — Greek drybulk shipper Navios Maritime Holdings Inc. said Wednesday it has agreed to acquire two vessels for $141.5 million in cash and preferred stock.
American Airlines parent AMR says it will sell $520.1 million in 10-year notesJune 29th, 2009 AMR says it will sell $520.1 million in debtFORT WORTH, Texas — American Airlines said Monday it plans to sell $520.1 million in debt to acquire notes secured by 20 aircraft that it owns or plans to buy in the next year. American, a unit of Fort Worth-based AMR Corp., disclosed the plans in a filing with the Securities and Exchange Commission.
Government may levy cess on gasMay 13th, 2009 NEW DELHI - The government is considering a cess on natural gas produced in the country to finance the expansion of gas pipeline network, Petroleum Secretary R.S. Pandey said Wednesday.
Sumitomo Mitsui to buy Citigroup's Japan brokerage unitMay 1st, 2009 Sumitomo Mitsui, Citigroup reach deal on brokerageTOKYO — Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank. Sumitomo Mitsui Financial Group Inc.
Reliance refinery gives up export unit statusApril 18th, 2009 MUMBAI - The Mukesh Ambani-controlled Reliance Industries Ltd has surrendered the export-oriented unit (EOU) status of its refinery in Gujarat's Jamnagar to sell fuel in the domestic market. 'The refinery will now operate as a non-EOU refinery to cater to increasing demand of petroleum products in the country,' the company said in a statement.
Novartis scrip hits upper circuit on stake-hike newsMarch 25th, 2009 MUMBAI - The Novartis India scrip jumped almost 20 percent Wednesday to hit the upper circuit after Novartis AG of Switzerland, a group subsidiary, said it would make an open offer to acquire an additional 39 percent stake in the Indian unit. The Novartis scrip, which opened at Rs.275.60, shot through the roof after the announcement, rising 19.99 percent above its last closing figure to rule at Rs.330.70.
Merger of Reliance Industries, oil-exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of India's largest amalgamation deals, Reliance Petroleum will merge with its parent and the country's biggest private company Reliance Industries in what the promoters say would create better synergies in the hydrocarbons space. The boards of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Government takes no decision on diesel price cutFebruary 27th, 2009 NEW DELHI - Despite speculation that the government may reduce the price of diesel before general elections are announced, the union cabinet of ministers did not discuss the issue when it met here Thursday, Petroleum Minister Murli Deora said after the meeting. Though diesel is the only petroleum product on which state-run oil marketing companies are earning a good profit, there had been speculation that the government would take the populist measure before the poll date announcement kicked the model code of conduct into place and made such an announcement impossible.
No immediate cut in diesel price: DeoraFebruary 26th, 2009 NEW DELHI - The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday. 'As of now, there is no plan to cut prices.
'Pakistan's oil reserves will last only 6 days'January 25th, 2009 ISLAMABAD - Pakistan's petroleum reserves will last only six days and its furnace oil stock will run out in nine days, a media report said Monday. Confirming this, Petroleum Ministry Additional Secretary G.A.
Bharat Petroleum in talks for Reliance gasJanuary 12th, 2009 NEW DELHI - State-run Bharat Petroleum Company Limited (BPCL) Tuesday said it was negotiating with Mukesh Ambani-led Reliance Industries for allocation of gas from the Krishna-Godavari basin, off the Andhra Pradesh coast. 'The government has already given out who will be given priority in the sector,' Ashok Sinha, the chairman of BPCL said on the sidelines of the 8th International Oil and Gas Conference here Tuesday.
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