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CNPC in $4.2bn Mozambique deal
Mar 14 2013 15:16 GMT
China National Petroleum Corp, the country's largest oil company by production, has planted its flag in Mozambique's huge offshore natural gasfields, announcing on Thursday a $4.2bn deal to acquire a 20 per cent stake in a key block operated by Italy's Eni. The deal marks CNPC's first step into east...
Share jump questions Cromme's steely code
Mar 14 2013 14:01 GMT
It was a poignant moment for German industry when Gerhard Cromme, the nation's most indefatigable campaigner for good corporate governance, resigned as supervisory board chairman of ThyssenKrupp. Poignant, in the first place, because Mr Cromme, 70, is a giant of the steel business, remembered forever as the first chief executive...
China Mobile: cash rich
Mar 14 2013 12:05 GMT
A subscriber base more than twice the size of the US population. Plus more cash to hand than Apple. There is a lot like about China Mobile - unless you are a shareholder, that is. The world's largest mobile service provider, with 710m subscribers, announced full-year earnings on Thursday that...
Big 1m smartphones order boosts BlackBerry
Mar 14 2013 02:31 GMT
Shares in BlackBerry rose sharply in late trading after the Canadian company announced that a partner had placed an order for 1m BlackBerry Z10 smartphones, the largest single order in the group's history. BlackBerry's stock ended Wednesday's session up 8.2 per cent at $15.65 on Nasdaq and rose above $16...
Vodafone to ditch its F1 sponsorship
Mar 14 2013 00:10 GMT
Vodafone, one of the longest-running sponsors of Formula One, will pull out of the sport at the end of the season after a review of its marketing strategy. Vodafone has paid as much as $75m every year for a sponsorship package centred on the McLaren racing team and its current...
|Gainers||Today's Market Change|
Partner Communications Company Ltd
Cabot Oil & Gas Corp
|Losers||Today's Market Change|
Alaska Communications Systems Group Inc
Altria Group Inc
Reynolds American Inc
Priceline Com Inc
Honeywell International Inc