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Uncategorized - September 21, 2007 12:00
Shell to begin $7 bln Port Arthur refinery expansion
Shell to begin $7 bln Port Arthur refinery expansion NEW YORK (Reuters) – Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday. Source: feeds.reuters.com Pension adviser Callan cited by SEC on […]
GM, UAW to resume talks later Friday
DETROIT (Reuters) – General Motors Corp and the United Auto Workers union broke off negotiations early on Friday and agreed to return to the bargaining table later in the day, as 73,000 GM workers returned for another day of work without a new contract. Read More…
Gold, crude oil, agricultural commodities surge
Gold, crude oil, agricultural commodities surge for almost 28 years at more than $735 a troy ounce, as investors rushed to buy the yellow metal amid US dollar weakness and inflation concerns. , meanwhile, jumped above $84 a barrel late on Thursday after production platforms in the Gulf of Mexico were Source: c.moreover.com Glencore gets […]
SIVs face ratings downgrade
Structured investment vehicles (SIVs) will remain under pressure if there is not a quick improvement in short-term funding markets, and more vehicles are likely to face ratings downgrades, according to Derivative Fitch, the rating agency Read More…
Nasdaq, NYSE competition extends to Europe
NEW YORK (Reuters) – Nasdaq’s deal with Borse Dubai to buy Nordic bourse operator OMX AB and enter the Middle East and Asia will take its competition with the New York Stock Exchange one notch higher. Read More… BOSTON (Reuters) – Oracle Corp , the world’s third-largest software maker, reported a 25 percent rise in […]
US to probe Borse Dubai and Nasdaq deal (AFP)
US to probe Borse Dubai and Nasdaq deal (AFP) AFP – President George W. Bush said Thursday US authorities would probe security implications of a proposed deal which would see Borse Dubai take a stake in the New York-based Nasdaq stock exchange. Source: news.yahoo.com
Glencore gets go ahead to lift crude oil for Jamaica
Glencore gets go ahead to lift crude oil for Jamaica KINGSTON, Jamaica (JIS): The Jamaican Cabinet has given the go-ahead to the Switzerland-based oil company, Glencore International, to lift Nigerian crude oil on behalf of Jamaica. This oil will then be sold on the world market and the country will Source: c.moreover.com
FTSE’s rally comes to an end
FTSE’s rally comes to an endLondon’s two-day relief rally came to an abrupt end amid a fresh bout of selling in the banking sector. Northern Rock was again the day’s biggest faller on sustained talk that any rescue takeover bid for the troubled bank would be priced at 200p at the most.Source: www.ft.com
Circuit City posts quarterly loss
ATLANTA (Reuters) – Electronics retailer Circuit City Stores Inc posted a quarterly loss on Thursday as sales fell and the company cut jobs in an effort to turn business around. Read More… NEW YORK (Reuters) – Goldman Sachs Group Inc said on Thursday that quarterly earnings surged 79 percent as revenue from investment banking and […]
Nasdaq to acquire OMX in Borse Dubai deal (AP)
Nasdaq to acquire OMX in Borse Dubai deal (AP) AP – Nasdaq Stock Market Inc. and Borse Dubai have reached a deal under which Nasdaq will take over Nordic bourse operator OMX AB, while Borse Dubai acquires just under 20 percent of Nasdaq and 28 percent of the London stock exchange. Source: news.yahoo.com
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