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Besides Exxon and Hess, China’s CNOOC is also part of the consortium that is interested in Guyana’s Atlantic coast resources. Exxon said production from Stabroek could reach over 750,000 bpd by 2025, which could place Guyana in the same league as South American peer Ecuador, a member of the OPEC group of oil producing countries. “Continued success in Guyana and progress in other upstream growth projects in the U.S. Permian Basin, Mozambique, Papua New Guinea and Brazil are giving us additional confidence in achieving our long-term earnings growth plans that we outlined in March,” Exxon Senior Vice President Neil Chapman said in a statement.
(Reuters) - Papa John’s International Inc (PZZA.O) on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company, The company also declared a dividend of one right for each outstanding common share, The rights plan expires on July 22, 2019 and the record date for dividend distribution is Aug, 2, the company said in a statement, The pizza chain’s former chief executive and founder, John Schnatter and his affiliates and associates who currently beneficially own common shares in excess of 30 dice casino cufflinks percent have been grandfathered under the Rights Plan, the company said..
BRUSSELS (Reuters) - U.S. private equity firm Blackstone Group (BX.N) has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk unit, the European Commission said on Monday. Blackstone is making its biggest bet since the financial crisis with the $20 billion deal which pits co-founder Stephen Schwarzman against fellow billionaire and former New York Mayor Michael Bloomberg. Much like Thomson Reuters, Blackstone’s portfolio company Ipreo, which it agreed to sell to IHS Markit (INFO.O) in May,provides information and related services to financial market professionals, the Commission said.
The EU enforcer said it did not see any competition concerns despite the overlaps between the two companies, “The proposed transaction would raise no competition dice casino cufflinks concerns given the limited market shares of the companies, the fact that a number of competitors will remain in the market post-transaction, and the fact that Blackstone accounts for only a minimal share of the demand for Thomson Reuters F&R’s products,” it said, Thomson Reuters declined to comment on the Commission’s decision..
(Reuters) - Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross - enough for more than 6,000 workstations. The social network did not say how many jobs it would add in the British capital, where it expects to employ 2,300 people by the end of this year. It added 800 jobs in London last year. Steve Hatch, managing director for Northern Europe, said Facebook had developed many of its significant products - including its Workplace collaboration and apps for its Oculus virtual reality headsets - in London.
BEIJING (Reuters) dice casino cufflinks - In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles, Enter Canadian auto supplier Magna International (MG.TO) which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese carmaker BAIC Group [BEJINS.UL], According to five people familiar with the matter, their joint venture is likely to build vehicles for ride-hailing giant Didi Chuxing and possibly Chinese electric car startup Singulato Motors, in addition to BAIC’s electric unit BJEV, The venture has yet to disclose talks with Didi and Singulato..
The Magna-BAIC deal, announced in June, realises a long-held dream of Magna Steyr, the supplier’s Austrian unit and the world’s biggest player in the still niche business of contract car assembly, to expand beyond Europe. It could also portend the rise of an ‘automotive Foxconn’ for electric cars - an idea discussed by industry executives for years. Given EVs’ low volumes compared to traditional models, it makes sense for some firms to outsource assembly in the same way Apple Inc (AAPL.O) and other tech companies do with Taiwan’s Foxconn, formally known as Hon Hai Precision Industry Co Ltd (2317.TW).
The time is ripe for such a development in China, some experts say, Beijing’s use of industry quotas and other policies to make the world’s biggest auto market as electric as possible has given rise to at least 50 Chinese EV startups, many of which will need a helping hand, Magna is well placed to take on the challenge, already producing cars for Mercedes-Benz, BMW and Jaguar in Europe, including the all-electric Jaguar I-Pace SUV, The venture with BAIC will co-opt a BAIC plant in Zhenjiang in the dice casino cufflinks eastern province of Jiangsu which has an annual production capacity of 180,000 vehicles..
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