Edition:
United Kingdom

Shanti S Nair

Drug firms offer to settle U.S. opioid suits with $50 billion package: sources

17 Oct 2019

Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry fuelled the U.S. opioid crisis, two sources familiar with the matter said on Wednesday.

Facebook's Libra currency abandoned by major financial companies

12 Oct 2019

Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project.

PG&E turns down San Francisco's $2.5 billion offer to buy assets

12 Oct 2019

PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, calling the offer inadequate.

UPDATE 2-Concho Resources to sell strip of New Mexico assets for $925 mln

03 Sep 2019

Sept 3 U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower its debt and buyback shares.

Canada's Pembina Pipeline makes storage play with $3.3 billion Kinder Morgan deal

22 Aug 2019

Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

UPDATE 3-Canada's Pembina Pipeline makes storage play with $3.3 bln Kinder Morgan deal

21 Aug 2019

Aug 21 Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

Canada's CAE sees strong pilot training demand when Boeing MAX jets fly

14 Aug 2019

CAE Inc expects strong demand from airlines for pilot training when Boeing Co's grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.

Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options: CEO

12 Aug 2019

Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.

Mosaic cuts profit view; cites bad weather, weak phosphate margins

06 Aug 2019

U.S. fertilizer company Mosaic Co cut its full-year earnings forecast and posted a lower-than-expected profit, as rains and flooding in the United States hit its volumes and phosphates margins, sending its shares down as much as 12.3%.

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