POST Online Media Lite Edition



 

Companies : Page 2704

CNOOC to increase production, cut capital spending by 35 percent

February 10, 2015
The Chinese offshore oil and gas producer CNOOC said it is aiming for an up to 14.6 percent increase in output this year but will slash capital spending by as much as 35 percent in response to the recent plunge in oil prices.

Actavis to divest Doryx to Mayne Pharma

February 10, 2015
Actavis plc has entered into an agreement with Mayne Pharma, under which it will divest the U.S. rights to the Doryx brand acne treatment and related assets to Mayne for approximately $50 million.

BMW Group sales reach new high for January

February 10, 2015
Following on from a record-breaking 2014, where the BMW Group delivered more than two million vehicles, 2015 has got off to a good start with sales up 7% compared with the same month last year.

Corac Group completes acquisition of Shaw Sheet Metal

February 10, 2015
Corac Group plc announces the acquisition of the business and assets of Shaw Sheet Metal Co. Ltd. The purchase was completed for a cash consideration of 0.8m pounds, funded using the groups existing cash with an expected payback of less than 3 years.

Canon plans to buy Sweden's Axis for $2.8 billion

February 10, 2015
Canon Inc has decided to make a recommended public cash offer to the shareholders in the Swedish company Axis AB to tender all their shares in Axis to Canon.

Rolls-Royce got three contracts totalling up to $442 million

February 10, 2015
Rolls-Royce has been awarded three contracts totalling up to $442 million to produce and support LiftSystems for F-35B Lightning II aircraft, including price reductions from prior contracts.

Indian consortium invests $2bn in Mozambique's mining sector

February 10, 2015
Indian public-owned consortium International Coal Ventures Limited (ICVL) has invested $2 billion in Mozambique's mining sector, including the construction of a power generation plant.

Touton establishes cocoa processing factory in Ghana

February 10, 2015
Touton of France has clinched a deal with the Ghana Cocoa Board (GCB) that will see it process about 50 000 tonnes of cocoa a year. The deal between Cocoa Touton Processing Company Limited, a subsidiary of Touton SA and the GCB would run for three years.

Gazprom to cut capital expenditure by almost $8 billion

February 9, 2015
Russia's state-controlled Gazprom said it would slash its capital expenditure this year by almost $8 billion to $30 billion as political and market developments created a challenging business environment.

Battery Ventures buys Enviance

February 9, 2015
Enviance, a provider of cloud-based environmental, health and safety (EH&S) management software, is being acquired by Battery Ventures. Terms of the transaction were not disclosed.

Lawmakers call on Feds to investigate use of supercookies

February 9, 2015
A handful of U.S. senators are asking two federal agencies to investigate Verizon's use of so-called supercookies that track cellphone users' habits.

Tepco, Chubu Electric to merge thermal power plants

February 9, 2015
Tokyo Electric Power Co. and Chubu Electric Power Co. will transfer operations of their existing thermal power plants to a new joint venture, creating a huge thermal power company with a dominating market share.