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Shell to take axe to spending, jobs after $US53b BG Group takeover

2015-12-23 08:57:31| Oil & Gas - Topix.net

Oil giant Royal Dutch Shell has told shareholders the $US53 billion takeover of BG Group will act as a "springboard to change and reshape" the group, and outlined plans for job and spending cuts, as well as $US30 billion of asset sales that look certain to affect the business in Australia. In a prospectus issued overnight for the takeover, which is heading for completion early next year, Shell cut expected capital expenditure for the merged group by $US2 billion to about $US33 billion, down 30 per cent from 2014 levels.

Tags: group jobs shell spending

Manufacturers Praise Trade Provisions in spending bill.

2015-12-22 14:31:10| Industrial Newsroom - All News for Today

In her statement released after Congress released details of its spending bill, NAM's Linda Dempsey lauded congressional leaders for listening to manufacturers and moving to take 2 major actions to promote U.S. exports. Dempsey cited lifting of "decades-old" crude oil exports ban as well as repeal of Country-of-Origin Labelling (COOL) provisions. Latter, according to Dempsey, "have repeatedly been found inconsistent with global trade rules the United States has helped create."

Tags: trade bill manufacturers provisions

AB InBev continues craft spending spree with UK's Camden Town Brewery buy

2015-12-21 13:44:00| Daily beverage news and comment - from just-drinks.com

Anheuser-Busch InBev has added a UK craft brewer to its portfolio, acquiring London's Camden Town Brewery for an undisclosed sum.

Tags: buy town continues spending

Barry Ritholtz: Auto sales buck soft retail spending trends

2015-12-18 18:59:18| Auto Dealers - Topix.net

Have a look at retail sales . They have been fairly soft, disappointing, or whatever measured phrases like "OK, not terrible, but not great" that analysts and commentators favor to indicate mediocrity.

Tags: auto sales soft retail