Category: Regions
Reuters reveals ValueAct calls for Seven & i to spin off 7-Eleven retail chain
Reuters Reuters was first to report that hedge fund ValueAct Capital urged Seven & i Holdings shareholders to back a spin-off of the company’s 7-Eleven convenience store chain, arguing the move would improve the conglomerate’s valuation and corporate governance. The U.S.-based investment firm, which owns a 4.4% stake in the Japanese company and has been urging it…
Read MoreReuters reveals Chesapeake Energy to offload part of south Texas operations for $1.4 bln
Reuters Reuters was first to report that oil and gas exploration and production company Chesapeake Energy Corp agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.4 billion in cash. After Reuters revealed the news, Chesapeake formally announced the sale of the operations to WildFire. Oklahoma City-based Chesapeake has been…
Read MoreReuters reveals Renault, Geely look to bring Aramco into engine venture
Reuters Reuters was first to report that Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies. The post Reuters reveals Renault, Geely look to bring Aramco into engine venture appeared first on…
Read MoreReuters reveals Shells’ LNG Canada Project to Delay Shift to Renewable
Reuters Reuters exclusively reported that Shell PLC’s Canada export project team in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and a switch to electricity as more renewable power becomes available. LNG Canada CEO Jason Klein told Reuters in an interview that lack of transmission infrastructure makes the whole…
Read MoreReuters reveals NI to explore options including sale amid interest from Emerson Electric
Reuters Reuters was first to report that National Instruments Corp had received acquisition interest from Emerson Electric. A few days after the Reuters news, Emerson disclosed a nearly $7 billion hostile offer for NI, which the company had been trying to buy unsuccessfully for several months. The post Reuters reveals NI to explore options including sale amid…
Read MoreReuters reveals Exxon prepares to start up $2 bln Texas oil refinery expansion
Reuters Reuters exclusively reported that Exxon Mobil Corp will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, completing a $2 billion expansion first considered nine years ago. Initial startup of a crude distillation unit at the 369,000-bpd refinery is expected by Jan. 31, making the Beaumont refinery the second largest in the…
Read MoreReuters reveals Southwest CEO says all options ‘on the table’ after carrier’s meltdown, and vows responsibility
Reuters Reuters exclusively revealed that Southwest Airlines Co Chief Executive Bob Jordan is looking at all options to ensure the operational meltdown the company suffered last month is not repeated. The Dallas-based carrier has been dealing with customer outrage and regulatory scrutiny after a systems meltdown left thousands of passengers stranded. The post Reuters reveals…
Read MoreReuters reveals Canada’s Trudeau urges Alberta to contribute to carbon-capture incentives
Reuters Reuters shed light on how Canadian Prime Minister Justin Trudeau urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale-up carbon- capture and storage, and reduce emissions. The post Reuters reveals Canada’s Trudeau urges Alberta to contribute to carbon-capture incentives…
Read MoreReuters reveals TikTok freezes consultant hiring for U.S. security deal as opposition mounts
Reuters Reuters exclusively revealed that TikTok has put on hold a hiring process for consultants that would help it implement a potential security agreement with the United States as opposition to such a deal among U.S. officials grows. President Joe Biden revoked an executive order in 2021 by his predecessor Donald Trump to ban TikTok…
Read MoreReuters reveals drugmakers to raise prices on at least 350 drugs in U.S. in January
Reuters Reuters exclusively revealed that drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January. The increases are expected to come as the industry prepares for the Biden Administration’s Inflation Reduction Act, which lets…
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