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Oil trades below $79 as Saudia Arabia indicates no output cuts by OPEC
2014-11-26 01:00:00| Offshore Technology
The price of Brent crude oil steadied below $79 a barrel today amid indications from Saudi Arabia that OPEC would not cut oil output.
Actavis mulls job cuts, China expansion: Bloomberg
2014-11-25 12:44:16| Biotech - Topix.net
Generic drugmaker Actavis Plc is planning to cut employees and expand in China, a Bloomberg report said citing an interview by Chief Executive Officer Brent Saunders on Bloomberg Television. Earlier in November, Botox maker Allergan Inc accepted a $66 billion takeover bid from Actavis, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc. Brent Saunders had said in the interview that there are overlaps in corporate functions, including human relations and finance, the report noted.
Tags: china
job
expansion
cuts
Oil industry in plea over tax cuts
2014-11-25 01:56:38| Oil & Gas - Topix.net
The oil and gas industry has called for tax cuts to ensure further exploration and extraction of the North Sea is encouraged, following reports of a drop in confidence within the sector. The call comes after the 21st Oil and Gas Survey found that, for the first time since 2008, more operators and contractors are pessimistic about their UK Continental Shelf activity than are optimistic.
Homebase confirms store cuts
2014-11-24 17:09:17| BBC News | Business | UK Edition
Home Retail Group has sold its Battersea Homebase store in South London, becoming the latest retailer to downsize in response to the growth of online sales.
Tags: store
cuts
confirms
homebase
Ethanol use in Michigan cuts greenhouse gas, study finds
2014-11-24 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Great Lakes Echo: New research suggests increased ethanol fuel use could be dramatically reducing greenhouse gas emissions in Michigan. A study by scientists at Michigan State University shows ethanol use in the state is reducing carbon dioxide emissions by nearly 1.4 million metric tons each year, the equivalent of emissions from 294,000 cars. Ethanol fuel production, meanwhile, has nearly doubled in the past seven years, from 276 million gallons in 2007 to 452 million in 2012. The findings suggest ethanol...
Tags: study
gas
michigan
finds
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