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Total secures stake in Abu Dhabi onshore oil concession
2015-01-30 01:00:00| Hydrocarbons Technology
The Government of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) have selected Total as the first partner in a 40-year concession for several of the countrys onshore oil fields.
IMA Buys Stake in Teknoweb Converting
2015-01-29 06:00:00| Nonwovens Industry Breaking News
Will buy 40% stake by end of February.
Tags: converting
buys
stake
ima
BP to sell part of its Gulf of Mexico stake to Chevron
2015-01-28 22:30:32| Energy - Topix.net
BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed.
Yahoo to spin off Alibaba stake in separate company
2015-01-28 08:40:00| Telecompaper Headlines
(Telecompaper) Yahoo announced plans to spin off its stake in Alibaba to shareholders. It will create a separately listed public company for its 35.5 percent stake in the Chinese e-commerce group and distribute shares in the company pro rata to Yahoo shareholders. The Alibaba shares were worth around USD 40 billion based on the company's share price the day before the announcement. The tax- and debt-free proposal is expected to reduce pressure on Yahoo to monetise its stake in Alibaba. The company made the announcement alongisde fourth-quarter results showing revenues of USD 1.25 billion, down slightly from USD 1.26 billion a year earlier. CEO Marissa Mayer said the growing share of mobile sales was helping to stabilise results. Mobile revenues increased 23 percent from the previous quarter to USD 254 million. Operating profit declined to USD 32 million from USD 174 million, and adjusted EBITDA fell to USD 409 million from USD 478 million. Net earnings in the quarter dropped to USD 166 million or USD 0.17 per share, from USD 348 million of USD 0.33 per share a year ago.
Tags: company
yahoo
separate
spin
SATO acquires majority stake in top Russian label printer
2015-01-28 06:00:00| Label and Narrow Web Breaking News
Okil, headquartered in Saint Petersburg, holds the top position in the countrys label market with a 15% market share.
Tags: top
printer
russian
label
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