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Chevron agrees to new Richmond refinery project conditions in hope of gaining approval
2014-07-22 02:44:17| Oil & Gas - Topix.net
Looking to satisfy city and state leaders, Chevron Corp. on Monday reversed its previous position and agreed to a lower cap on greenhouse gas emissions stemming from its $1 billion Richmond refinery modernization project.
Tags: conditions
project
hope
approval
Portugal Telecom agrees smaller stake in Oi merger
2014-07-16 09:31:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom has agreed to a smaller stake in its merger with Brazil's Oi, after Rioforte defaulted on its debt owed to PT. The company confirmed that Rioforte, a company of Espirito Santo Group (GES), failed to pay the EUR 847 million due on 15 July, of the EUR 897 million in short-term debt outstanding at PT. Espirito Santo holds a 10 percent stake in PT, and the Portuguese operator has defended the investment as treasury management. The Rioforte debt is held in subsidiaries contributed to Oi in May, but two representatives of the Brazilian group stepped down from the PT board after the risky nature of the debt came out due to GES financial problems. The two operators have now agreed to a series of options to reapportion the debt across the two groups and revise their new shareholdings, in order to complete the merger as soon as possible. Portugal telecom shareholders will hold just 25.6 percent in the merger company CorpCo, down from as much as 39.6 percent under previous agreements. This could increase later if any of the Rioforte debt is recovered. PT said it plans to take legal action against GES, with the support of Oi.
Tags: portugal
smaller
telecom
agrees
Google agrees contact lens deal
2014-07-15 17:43:27| Biotech - Topix.net
A smart contact lens that can monitor the glucose levels in the eye is a step closer to reality as Google has announced a partnership with Swiss pharmaceutical company Novartis to develop it.
Tags: contact
google
deal
lens
UK: La Martiniquaise-Bardinet agrees Glen Moray distribution deal with Marblehead
2014-07-10 15:42:38| Daily beverage news and comment - from just-drinks.com
French drinks group La Martiniquaise-Bardinet has secured a new UK on-trade distribution deal for its Glen Moray Classic Single Malt brand with Marblehead.
Tags: with
distribution
deal
agrees
American Apparel agrees rescue deal
2014-07-10 03:19:08| BBC News | Business | UK Edition
US clothing retailer American Apparel is reshuffling its management board as part of a deal to raise fresh finance.
Tags: american
deal
apparel
rescue
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