Search Results for: Gas
Oil price increases as Ukraine fear outweighs China data
May 5th, 2014
The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China’s manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at ...
Energy Future Packs Three Courtrooms at First Hearing
May 2nd, 2014
It took three courtrooms to accommodate the lawyers, advisers and observers gathered for the first hearing in Energy Future Holdings Corp.’s bankruptcy in Wilmington, Delaware. That still left the main courtroom with standing room only. Given the clamor over ...
Alstom to consider $17bn General Electric offer
April 30th, 2014
French engineering company Alstom is considering a $16.9bn (£10bn) offer from US firm General Electric (GE) for its energy business. But the French firm said it would be open to a rival bid from German firm Siemens, which is ...
Energy Future Files for Bankruptcy Protection in Delaware
April 29th, 2014
Energy Future Holdings Corp., the Texas power company Henry Kravis and David Bonderman took private in 2007 with Goldman Sachs Group Inc. in the biggest-ever leveraged buyout, filed for bankruptcy after reaching a deal with stakeholders to cut billions ...
European Stocks Climb Amid Earnings as Fed Meeting Starts
April 29th, 2014
European stocks rose for a second day as companies from Deutsche Bank AG to ABB Ltd. reported earnings and the Federal Reserve begins a two-day policy meeting. U.S. stock-index futures advanced, while and Asian shares were little changed. Deutsche ...
GE Battles for Alstom as Siemens Wins French Support
April 28th, 2014
Jeffrey Immelt is trying to defend General Electric Co. (GE)’s largest-ever acquisition, after French officials imperiled the attempt by urging Alstom SA (ALO) to consider a rival offer from Germany’s Siemens AG. (SIE) The chief executive officer of GE ...
Is the U.S. Shale Boom Going Bust?
April 23rd, 2014
It’s not surprising that a survey of energy professionals attending the 2014 North American Prospect Expo overwhelmingly identified “U.S. energy independence” as the trend most likely to gain momentum this year. Like any number of politicians and pundits, these ...
P&G Hopes New Razor Keeps Its Results On The Cutting Edge
April 22nd, 2014
It’s been said that if you build a better mousetrap the world will beat a path to your door, but what about razors and tooth whitener? We’ll find out on Wednesday when Procter & Gamble Co. (NYSE:PG), the Cincinnati ...
Angola Is Moving Into Oil’s Big Leagues As it Leaves Decades Of War Behind
April 17th, 2014
After decades of sporadic growth and political turmoil, Angola is on the verge of catapulting to the top ranks of the world’s energy economy following major deep-water production investments by several top global oil companies. On Monday, France’s Total ...
Oil falls to near $103 ahead of Ukraine meeting
April 15th, 2014
The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 92 ...
