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• ENRC Will Not Make Formal Bid For Rival Kazakhmys

  By Eric Onstad LONDON (Reuters UK) - Mining group ENRC (ENRC) ended two months of considering a takeover of Kazakh rival Kazakhmys (KAZ), saying it would not make a formal bid ahead of a Friday deadline imposed by regulators. Kazakhmys said on Tuesday it was relieved...

  Tue May 13, 2008 @ 11:15 AM PDT

  Tags: Spokesman, ENRC, Kazakhmys, January, Government, Mergers & Acquisitions, Corporate Governance, BMB Munai Inc.

• Massey Energy: The CEO as Tough Guy

  Donald L. Blankenship cuts against the usual grain of a modern CEO. He's a tough guy who is not afraid to speak his mind, beat back environmental critics, hamstring unions or put his money where his mouth is when it comes to political spending. He is the kind of executive...

  Tue May 13, 2008 @ 11:13 AM PDT

  Tags: West Virginia, Annual Meeting, Media, Richmond, CEO, Massey Energy Co., Advertising & Promotion, Americans With Disabilities Act (ADA), Marketing, Human Resources, Gender And Diversity, Peter Galuszka

• FTSE Weighed Down By Gloomy Data

  By Amanda Cooper LONDON (Reuters UK) - Blue-chip shares ended Tuesday's session in modestly negative territory, as grim economic data and writedowns at Alliance & Leicester (ALLL) hit banks, while fresh merger chatter buoyed the mining sector. The FTSE 100 fell 8.7 points to 6,211.9points,...

  Tue May 13, 2008 @ 9:30 AM PDT

  Tags: Bank, Alliance, Inflation, Currency & Foreign Exchange, Blount International Inc., Cairn Energy Plc., HBOS Plc., Royal Dutch Shell Plc.

• Westpac Deal Raises Hopes of Australia Bank Shake-out

  By Victoria Thieberger MELBOURNE (Reuters) - The largest banking takeover in Australia's corporate history has spurred investors to pile into shares of smaller banks in the hope of a sector shake-out. Westpac Banking Corp Ltd's (WBC) $17.6 billion all-share bid for smaller rival...

  Tue May 13, 2008 @ 12:15 AM PDT

  Tags: Bank, St George, Labor Government, Financial Services, Bendigo Bank, Dealtalk, Southwest Georgia Financial Corp., Sunoco Inc.

• Serco Confident of Double-digit Revenue Growth

  LONDON (Reuters UK) - Support services group Serco (SRP) said on Tuesday it has continued to perform strongly since its results in February and is on track to deliver in line with its expectations for 2008. The firm, which operates the Docklands Light Railway, said ...

  Tue May 13, 2008 @ 12:01 AM PDT

  Tags: Pound, Support Services, It Services, Contract, Oukbs, Serco, Sierra Pacific Resources

• Centrica Sees Lower Operating Profit

  By Mike Elliott LONDON (Reuters UK) - Energy company Centrica (CNA) said that, as expected, first-half group operating profit would be materially below that of last year due to lower profitability at its British Gas retail business, hitting its shares. Britain's biggest domestic energy supplier said...

  Mon May 12, 2008 @ 12:30 AM PDT

  Tags: Centrica, Operating Profit, Gas Production Business, Sales Strategy, Sales Force Management, Sales, CNA Financial Corp., Oukbs

• dotMobi buys mobile web assets of Mowser

  Vodafone-backed dotMobi is buying the mobile web technology of Mowser, the US startup which nearly closed down last month when founder Russell Beattie claimed mobile internet was dead. Beattie, however, will be joining dotMobi along with co-founder Mike Rowehl as part of the acquisition. No sum is disclosed, but...

  Mon May 12, 2008 @ 12:00 AM PDT

  Tags: SAMSUNG, mobile Top Level Domain Ltd, Orascom Telecom, Visa International Service Association, GSM Association (GSMA), Syniverse Technologies, Hutchison Whampoa, DTE Energy Co., Google Inc., Microsoft Corp., Nokia Corp., Vodafone Group Plc.

• EnCana to Split in Two With Oil at Record Highs

  By Jeffrey Jones and Scott Haggett CALGARY, Alberta (Reuters) - EnCana Corp (ECA), Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices...

  Sun May 11, 2008 @ 2:30 PM PDT

  Tags: Oil, EnCana Corp., Natural Gas, Telecom & Utilities, ConocoPhillips Co.

• Chunk of Chevron's Job Cuts Seen in 2008: Filing

  NEW YORK (Reuters) - Pointing at a slew of job cuts, Chevron Corp (CVX) said in a regulatory filing that about 1,100 employees were eligible for severance payments, after it implemented a restructuring plan in 2007. Severance payments for about 300 staffers, mostly...

  Fri May 9, 2008 @ 2:30 AM PDT

  Tags: Strategic planning, Recruitment & Selection, Chevron Corp., restructuring plan, regulatory filing, payment, job, New York, Thomson Reuters Corp.

• Iberdrola Set For British Energy Consortium Bid

  By Carlos Ruano MADRID (Reuters UK) - Spanish energy group Iberdrola (IBE) would only bid for nuclear generator British Energy (BGY) as a minority partner in a consortium, an industry source said on Thursday. Newspapers had earlier said Iberdrola was preparing a bid for British...

  Thu May 8, 2008 @ 3:45 AM PDT

  Tags: Nuclear Energy, Consortium, Financing, Iberdrola, Energy Sector, Investment, CNA Financial Corp., Energy East Corp.

• Oil Companies Settle MTBE Groundwater Suit

  NEW YORK (Reuters UK) - About a dozen oil companies agreed to pay $423 million (217 million pounds) and clean-up costs to settle litigation over decades of groundwater contamination from the gasoline additive and possible carcinogen MTBE, lawyers said on Wednesday. The settlement affects public...

  Wed May 7, 2008 @ 6:30 PM PDT

  Tags: Contamination, Gasoline, Additive, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., Marathon Oil Corp., Royal Dutch Shell Plc., Sunoco Inc., Valero Energy Corp.

• Big Hurdles Remain in ConocoPhillips-Tyson Biodiesel Venture

  Tyson Foods and ConocoPhillips continue to move forward with plans to profitably convert animal fats into renewable diesel fuel, with a rollout planned for Spring 2009. Although demand for renewable fuels is high, it is doubtful the diesel will be shipped and distributed through existing pipelines from ConocoPhillips refineries, by...

  Tue May 6, 2008 @ 10:07 AM PDT

  Tags: Tyson Foods Inc., Biodiesel, ConocoPhillips Co., David Phillips

• Tullow Ghana Oil Find Sends Shares Soaring

  LONDON (Reuters UK) - Oil explorer Tullow Oil (TLW) said its Mahogany-2 well offshore Ghana has hit a significant column of light oil, indicating its Jubilee field is bigger than earlier thought and sending its shares soaring. Tullow shares leapt as much as 20 percent to...

  Tue May 6, 2008 @ 3:03 AM PDT

  Tags: Tullow Oil, Asset Management, Outsourcing, Investment, Financial Services, Operational Planning, Business Operations, Anadarko Petroleum Corp.

• Shell Shuts More Nigerian Oil After Rebel Attack

  By Daniel Flynn LAGOS (Reuters UK) - Royal Dutch Shell (RDSa) shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have stepped up a campaign of violence. The bombing...

  Sat May 3, 2008 @ 9:15 AM PDT

  Tags: Oil, Nigeria, Attack, Security, Exxon Mobil Corp., Oukbs, Royal Dutch Shell Plc.

• Chevron Q1 Profits Up 10 Pct on Record Oil Prices

  By Michael Erman NEW YORK (Reuters) - Chevron Corp (CVX), the second-largest U.S. oil company, said on Friday its first-quarter earnings rose 10 percent as record oil prices outweighed weak profits from gasoline production. Oil prices have soared more than five-fold since 2002...

  Fri May 2, 2008 @ 12:31 PM PDT

  Tags: Chevron Corp., Exxon Mobil Corp., oil company, British Petroleum Co plc, earnings, Thomson Reuters Corp., New York, natural gas, net income, U.S., tax, analyst, marketing, asset, industry, sales

• Chevron Pembroke Units to Be Restarted Soon

  LONDON (Reuters UK) - Chevron Corp. (CVX) said on Friday it expects processing units at its Pembroke refinery to be brought on line soon after steam plant is restarted this weekend. "Work has progressed well and steam needed to operate the refinery has now started to...

  Fri May 2, 2008 @ 8:15 AM PDT

  Tags: Refinery, Chevron Corp., Oukbs, Pembroke

• KBR First-quarter Net Profit Soars

  NEW YORK (Reuters) - KBR Inc (KBR), the engineering and construction company, said on Friday its first-quarter net profit more than tripled on a favorable arbitration award and strong results from its upstream business. Net profit increased to $98 million, or 58 cents...

  Fri May 2, 2008 @ 5:30 AM PDT

  Tags: Construction, KBR Inc., arbitration, net profit, construction company, New York, Thomson Reuters Corp.

• Duke Energy Earnings Jump 30 Percent

  NEW YORK (Reuters) - Power company Duke Energy Corp (DUK) on Friday posted a 30 percent rise in first-quarter profit, beating Wall Street forecasts on gains in its utility and wholesale power businesses. Net income rose to $465 million, or 37 cents per...

  Fri May 2, 2008 @ 5:04 AM PDT

  Tags: Financial accounting, Duke Energy Corp., power company, earnings, Porter five forces, Thomson Reuters Corp., earnings per share, New York, net income

• Duke Energy Earnings Jump 30 Percent

  NEW YORK (Reuters) - Power company Duke Energy Corp (DUK) on Friday posted a 30 percent rise in first-quarter profit, boosted by strong gains in its wholesale power business. Net income rose to $465 million, or 37 cents per share, from $357 million,...

  Fri May 2, 2008 @ 5:02 AM PDT

  Tags: Financial accounting, Duke Energy Corp., power company, Porter five forces, earnings per share, New York, net income, Thomson Reuters Corp.

• Exxon Profit Disappoints Despite High Oil Prices

  By Michael Erman NEW YORK (Reuters) - Exxon Mobil Corp (XOM) posted a $10.89 billion first-quarter profit on Thursday, but still managed to disappoint investors as weak production volumes and low refining margins blunted the impact of record-high crude prices. Earnings...

  Thu May 1, 2008 @ 3:15 PM PDT

  Tags: Financial accounting, Exxon Mobil Corp., British Petroleum Co plc, earnings, investor, income tax, Thomson Reuters Corp., profit margin, New York, net income, analyst, wall, income

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