Cemex to Save $1 Billion in 10 Years With IBM Deal
Mexican cement and building materials company Cemex SAB (CX, CEMEX.MX) said Monday it expects to save $1 billion over the next decade in a strategic agreement with International Business Machines Corp. (IBM) to outsource business process and information technology services.
Prominent Lawmaker Calls on Geithner to Block Cnooc, Nexen Deal
A prominent lawmaker is calling on the Obama administration to issue a conditional block on the proposed merger between China's state-run oil company Cnooc Ltd. and Canadian oil company Nexen Inc., saying Monday that Nexen has drilled for oil in the U.S. without paying royalties.
MOL's Hernadi: Losing $60 Million a Month on Syrian Production Halt
Croatian refiner INA d.d. (INA.ZG), a subsidiary of Hungarian oil and gas company MOL Nyrt.'s (MOL.BU), is losing $60 million a month by having halted production there, MOL's chief executive and chairman said Monday. "We've invested $1 billion in Croatia so far, which is a lot. We're ready to
Brazil's Petrobras to Invest $5.6 Billion to Increase Campos Basin Efficiency
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR3.BR, PETR4.BR), or Petrobras, will invest $5.6 billion through 2016 to boost productivity at aging offshore oil fields, officials said Monday.
U.S. Plans Antidumping Duties on S. Korea, Mexico Washing Machines
The U.S. Commerce Department on Monday once again responded favorably to Whirlpool Corp.'s (WHR) request for relief from imports of washing machines, setting initial antidumping duties against large residential washers from South Korea and Mexico.
Countries Most Worried About the Future
Despite the myriad issues facing the world, people are surprisingly optimistic. However, these 11 locals, mostly in Europe, seem to be centers of pessimism.
Gold Extends Winning Run To Fourth Day
Gold futures on Monday extended gains to a fourth session on expectations of central-bank action in both sides of the Atlantic this week.
U.S. in One of its Largest-Ever Pipeline Build-Outs
Here is a list of projects aimed at providing new, expanded and reversed liquids flows to markets from U.S. plays and Canada.