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Canadian Natural Resources chairman sees oil touching US$30 a barrel
2014-11-29 22:32:12| Oil & Gas - Topix.net
Canada's oil industry faces a year of "tough slugging," including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be impacted more than many oil-producing jurisdictions around the world by OPEC's decision Thursday to not cut oil production, said Mr. Edwards, the chairman of Canadian Natural Resources Ltd. and one of Canada's single biggest oil investors.
Tags: resources
natural
oil
canadian
US sees slower Black Friday sales
2014-11-28 19:52:52| BBC News | Business | UK Edition
Black Friday is less intense this year in the US after many stores opened earlier on Thursday.
US: Toledo sees rally to keep Wrangler production
2014-11-27 12:46:00| Automakers - Topix.net
Toledo's UAW members gathered before the city's council in a bid to ask the municipality to set in motion the process of acquiring a land mass that could potentially be used to expand the assembly facility that builds the best-selling Jeep Wrangler. Back in October, Fiat Chrysler Automobiles CEO Sergio Marchionne said that the company is now trying to determine where to manufacture the next-generation of the iconic off-roader.
Tags: production
sees
rally
toledo
German chip-maker Infineon sees growth after solid Q4
2014-11-27 10:20:51| Semiconductors - Topix.net
German Chancellor Angela Merkel and other officials listen to Infineon chairman Reinhard Ploss talking about secure communication networks during the so-called national IT-summit in Hamburg, northern Germany, on October 21, 2014 German semiconductors giant Infineon said on Thursday it will pay an increased dividend for the year to September and forecasts further sales growth after a solid fourth quarter. Infineon, which runs its business year from October to September, said in a statement that its net profit rose by 27 percent to 181 million euros in the fourth quarter.
Tags: german
growth
solid
sees
Ackman's Pershing Square Sees Big Payoff From Allergan Deal
2014-11-26 18:46:10| Biotech - Topix.net
Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest investor, still owns 26.6 million shares.
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