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News for companies in your portfolios
US banks face tougher borrowing rules
Jul 09 2013 17:09 BST
US banking regulators have broken with their international counterparts and proposed much tougher restrictions on borrowing by America's biggest banks. The biggest US bank holding companies will have to hold regulatory capital equivalent to 5 per cent of their assets, regulators including the Federal Deposit Insurance Corporation and the Federal...
Petrobras faces challenges to reap rewards of pre-salt reserves
Jul 09 2013 17:06 BST
In Rio de Janeiro's Guanabara Bay, the Amazon Chieftain, an "anchor handling vessel", is docked and ready for her unusual cargo. This comprises of a set of "torpedoes", huge steel space rocket-shaped pylons that will be dropped from the ship into the ocean near Rio, their fins guiding them into...
Shell's new CEO: an inside job
Jul 09 2013 12:24 BST
Downstream guys are often overlooked for the top job at Big Oil in favour of more swaggering exploration types. So the reaction on Tuesday to the appointment of Ben van Beurden, boss of Shell's downstream division, as the group's new chief executive was surprise. Which is a bit surprising. Shell's...
Lombard: Shell - Ben van Nonymous
Jul 09 2013 11:05 BST
Andy Murray notwithstanding, the Brit does not inevitably win. Ben van Beurden, a Dutch chemical engineer who heads the unglamorous downstream division, has been appointed chief executive of Royal Dutch Shell. The contender deemed to be carrying his racquets disconsolately back to the locker room is Simon Henry, the British...
Ben van Beurden is an insider who has made late rise to the top
Jul 09 2013 10:16 BST
After a lifetime of service to Royal Dutch Shell but little known outside the company, Ben van Beurden will become chief executive following a recent rapid, and unconventional, rise up the top rungs of the corporate ladder. He became the downstream director and joined the executive committee in January 2013,...
|Gainers||Today's Market Change|
Applied Materials Inc
Genesee & Wyoming Inc
|Losers||Today's Market Change|
Minnesota Municipal Income Portfolio
Och-Ziff Capital Management Group LLC
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
BP Prudhoe Bay Royalty Trust