COMPANIES

IBTimes Logo

WTO raps European export aid for Airbus: sources

The WTO has found that loans from European governments to Airbus were not only unfair subsidies but in some cases violated a tougher ban on export aid, according to sources familiar with a report that also rejected some U.S. complaints.

Ensco sees profit hit from deepwater rigs downtime

IBTimes Logo
Ensco International Inc warned on Friday that its third-quarter profit would be as much as one-sixth lower than current expectations due to unexpected downtime and repairs for two of its deepwater rigs.

Conoco wants Venezuela's stake in Texas refinery

IBTimes Logo
ConocoPhillips has exercised an option to buy Venezuela's state-run oil company PDVSA's 50 percent stake in Merey Sweeny LP, part owner of the Sweeny refinery in Texas, Conoco said on Friday.
IBTimes Logo

Suzuki to build factory in India -Nikkei

Suzuki Motor plans to spend about 30 billion yen ($322.6 million)to build a factory in India around 2011, boosting its production capacity in the country by 30 percent, the Nikkei business daily reported on Saturday.
More news
IBTimes Logo

Cobalt International files for $1.15 billion IPO

Independent oil exploration company Cobalt International Energy Inc became the latest private equity-owned company to seek to raise money in an initial public offering, according to a regulatory filing on Friday.
IBTimes Logo

Nortel receives more bids for enterprise unit

Avaya Inc is not the sole bidder for the Nortel Networks Corp business that builds networks for large corporate clients, the bankrupt Canadian telecom equipment maker said on Friday.
IBTimes Logo

WTO says Airbus loans illegal: U.S. lawmakers

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
IBTimes Logo

'Dexter' author offers latest tale of murder

Author Jeff Lindsay found inspiration for a novel about a good serial killer in the fake smiles and insincere handshakes of people at a civic group meeting who, he thought, might want to kill each other.
IBTimes Logo

Fidelity proxy votes against management on rise

New data from the Boston mutual fund giant shows a rise in how often it voted against management proposals in the just-concluded proxy season. It also opposed company pay plans and the election of company directors more frequently.
IBTimes Logo

Shareholders OK Validus' takeover of rival IPC

Bermuda reinsurer Validus Holdings won shareholder support for its $1.77 billion acqusition of rival IPC Holdings on Friday, and moved swiftly to close a deal that was months in the making.
IBTimes Logo

Daimler to beat $5.71 billion savings in 2009: paper

Daimler's (DAIGn.DE) chief executive told German newspaper Bild that the auto maker would perform better in 2010 and was set to achieve significantly more than 4 billion euros ($5.71 billion) in savings in 2009.
IBTimes Logo

Rambus shares rise on acquisition rumors

Shares of memory chip developer Rambus Inc rose 8 percent on Friday on speculation that rival Samsung Electronics would buy the company for $25 to $27.50 per share.
IBTimes Logo

Barclays shifts U.S. RGGI carbon trade to London

Investment bank Barclays Capital has shifted its trading of U.S. Northeast carbon allowances to its London desk after a trader in New York left the company, the bank's head of environmental markets said.
IBTimes Logo

US says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus.
IBTimes Logo

Santander Brazil unit IPO could exceed $5.6 bln

Banco Santander SA, the Brazilian unit of Spain's Santander, filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.
IBTimes Logo

Sinopharm IPO to raise up to $1.13 bln - term sheet

China's largest pharmaceutical products distributor, Sinopharm Group Co Ltd, is set to raise up to HK$8.73 billion ($1.13 billion) in an initial public offering of shares in Hong Kong, according to a term sheet seen by Reuters on Friday.
IBTimes Logo

China's Shanda plans $800 mln US IPO for games unit

China's largest online game firm Shanda Interactive plans to raise as much as $800 million in a U.S. IPO for its games unit, to help it monetise its core business as it seeks to become a diversified media company.
IBTimes Logo

ChemChina, after Blackstone deal, seeks fresh funds

State-run chemicals company ChemChina, the little-known acquisition pioneer that won the affection of private equity firm Blackstone, is looking for yet more strategic investment as it scouts for more overseas assets, its chief executive said on Friday.
IBTimes Logo

AIG may unveil Taiwan unit buyer at end-Sept.: paper

AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a local newspaper reported, after potential buyers bid below the $2 billion the insurer had hoped for.
IBTimes Logo

People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.
IBTimes Logo

Daiwa to buy out SMFG from banking venture: sources

Daiwa Securities Group could pay around $2 billion to exit an investment banking joint venture with Sumitomo Mitsui Financial Group, sources said, triggering a further shake-up of Japan's banking industry.
IBTimes Logo

U.S. to accelerate

The U.S. government plans to accelerate the pace of processing up to $3 billion in
IBTimes Logo

U.S. seen approving a JBS-Pilgrim's Pride deal

CHICAGO - Brazilian meat giant JBS would likely get U.S. antitrust approval if it decides to buy U.S. chicken producer Pilgrim's Pride even though the already concentrated American meat market would lose yet another player.
IBTimes Logo

Auto firms see India as small-car export factory

Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.