STAMFORD, Conn., April 1 — China’s Anbang Insurance Company, the highest bidder at $14 billion for Starwood Hotels, withdrew its offer, leaving a buyout offer from Marriott International. The Chinese firm led a consortium of companies in making the $14 billion all-cash offer after Marriott had offered $13.8 billion in ... Read More »
HAWTHORNE, Calif., April 2 — The affordable Tesla Model 3 is already a hit among electric car consumers, with a reported 232,000 vehicles ordered in less than 24 hours, according to CEO Elon Musk. The Model 3, with its 215 mile battery range and $35,000 starting price, became available for ... Read More »
NEW YORK, March 30 — A soft build in U.S. crude oil stocks was buffered by a report showing domestic well costs have declined, sending oil prices higher early Wednesday. Crude oil prices plummeted Tuesday as supply-side strains added to concerns emerging before U.S. Federal Reserve Chair Janet Yellen took ... Read More »
WASHINGTON, March 30 — Boeing will cut some 4,000 jobs — about 2 percent of its global staff — by June to reduce costs, and could cut an additional 4,000 jobs by the end of the year. The aircraft maker said it would cut jobs through retirement, resignation, voluntary buyouts ... Read More »
KARLSKOGA, Sweden, March 30 — BAE Systems is to refurbish hundreds of Swedish Army armored vehicles under a contract issued by the Swedish government. A total of 262 CV90 tracked vehicles are involved in the refurbishment, which is will begin immediately. Company work will include refurbishing the chassis and upgrading ... Read More »
Handheld tactical radios are among Falcon III systems ordered from the Harris Corporation by an African country. Photo courtesy Harris Corporation ROCHESTER, N.Y., March 30 —Harris Corporation reports it is to supply three variants of its Falcon III multi-band multi-mission radios to an unidentified country in Africa. The three variants ... Read More »
The brief I was given and what I did in the first 100 days at work I Started my career as a software engineer and was the second employee at Tavant Technologies in India. Our objective was to understand the international business and adapt it for the scale the company ... Read More »
MUMBAI: At least two employees at Tata Group firms earn more than their chairman, Cyrus Mistry . In the financial year ended on March 31, 2015, Tata Consultancy Services CEO N Chandrasekaran was paid Rs 21.28 crore, compared with Rs 16.25 crore Mistry earned in commission, salaries and other allowances, ... Read More »
NEW YORK, March 28 — Crude oil prices traded slightly lower early Monday as supply strains built up against expectations of some form of cut from major producers next month. The Iranian Oil Ministry’s news website Shana reports Iran exported around 14 million barrels of crude oil to European buyers ... Read More »
WASHINGTON, March 29 —Oklahoma’s governor defended the state response to the seismic activity attributed to oil and gas development against a federal report on the hazard. “Oklahoma remains committed to doing whatever is necessary to reduce seismicity in the state,” Gov. Mary Fallin said in a statement. Her comments followed ... Read More »
WASHINGTON, March 29 —Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.04 for Tuesday, a slight increase from the ... Read More »
MOSCOW, March 29 — The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Putin met in Moscow with Igor Sechin, the director of state-controlled oil company Rosneft, to review ... Read More »
