Business Strategy Contracts

  • CARACAS/ HOUSTON, Sept 21- Venezuela's state oil company PDVSA said on Wednesday it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt, although sources close to the matter said some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder projects. The projects are designed to add 250,000...

  • CARACAS/ HOUSTON, Sept 21- Venezuela's state oil company PDVSA said on Wednesday it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt, although some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder the projects, according to sources close to the matter. The major projects are designed to...

  • CARACAS, Sept 21- Venezuela's state oil company PDVSA has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt with the aim of increasing production by 250,000 barrels per day in the next 30 months, the Caracas- based company said in a statement on Wednesday.

  • TORONTO, Sept 18- Contract negotiations between Canada's Unifor union and General Motors Co were scheduled to continue around the clock on Sunday ahead of a Monday night strike deadline, the union said, with the two sides still far apart on the key issue of investment. Contract talks could save 2,500 jobs at GM's Oshawa car assembly or take the plant one step...

  • TORONTO, Sept 18- Contract negotiations between Canada's Unifor union and General Motors Co were going around the clock, the labor group said on Sunday ahead of a Monday night strike deadline at some of the automaker's Canadian plants. Canada has been struggling to get new investment from automakers in its once-thriving car industry, losing out to the Southern...

  • NEW YORK, Sept 14- Twenty-first Century Fox Inc said on Wednesday that Jack Abernethy and Bill Shine have signed new multiyear contracts to head up Fox News, deals that put to rest some uncertainty about the cable channel's direction after the departure of former Chairman Roger Ailes. Former Fox News anchor Gretchen Carlson sued Ailes in July, claiming sexual...

  • Couple doing paperwork

    A new study finds that credit card agreements are literally too hard for most Americans to read. NBCNews reports.

  • TOKYO, Sept 13- Japan's second-biggest city gas supplier, Osaka Gas Co, may not sign new long-term liquefied natural gas contracts for the next several years as the market shifts towards more active spot trade, a senior company official said. The company has commitments to take about 10 million tonnes of LNG from mostly long-term contracts in 2020, and some of...

  • These companies are Aviation Industry Corp of China, China National Machinery Industry Corp, China Poly Group Corp, China First Heavy Industries, China North Industries Group Corp, China South Industries Group Corp, China Reform Holdings Corp Inc, and China Nuclear Engineering Construction Corp.. Aviation Industry Corp of China will transfer its real estate...

  • WASHINGTON, Sept 6- New York is investigating whether Mylan Pharmaceuticals violated antitrust laws in its contracts to provide EpiPens to some school systems, state Attorney General Eric Schneiderman said in a statement on Tuesday. Senators Richard Blumenthal and Amy Klobuchar asked the Federal Trade Commission on Tuesday to investigate the claims.

  • *Japan buyers looking to purchase more aluminum in spot markets. TOKYO, Sept 6- Japanese aluminum buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminum buying by Asia's...

  • *Japan buyers looking to purchase more aluminium in spot markets. TOKYO, Sept 6- Japanese aluminium buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminium buying by Asia's...

  • SAO PAULO, Sept 5- Société Mondiale, a minority shareholder in Brazil's largest fixed-line carrier OI SA, said on Monday an arbitration ruling obliges the company to hold a shareholders' meeting on Sept. 8 as demanded by the activist investor. The ruling was issued on Sept. 5 by the arbitration chamber of the Brazilian stock market operator BM&F Bovespa SA,...

  • HANGZHOU, China, Sept 4- Russian gas giant Gazprom said on Sunday it had signed a contract with China National Petroleum Corp to build a section of the Power of Siberia gas pipeline under the Amur river. Gazprom CEO Alexei Miller and CNPC President Wang Yilin inked the deal at a meeting on the sidelines of the G20 summit in the eastern Chinese city of Hangzhou,...

  • WASHINGTON, Sept 1- U.S. factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter. "Today's disappointing number further weakens the case for a rate hike later this month, but we currently see no reason to change our Fed...

  • WASHINGTON, Sept 1- U.S. factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter. "Today's disappointing number further weakens the case for a rate hike later this month, but we currently see no reason to change our Fed...

  • Aug 31- United Parcel Service Inc's pilots ratified a new five-year labor contract that includes immediate pay hikes, the company and the union representing the pilots said. It also includes a signing bonus of $60,000 for captains and of $40,000 for first officers, along with enhanced pension benefits. An overwhelming majority voted in favor of the contract,...

  • Aug 29- Southwest Airlines Co and its pilots have agreed in principle on a new contract, the U.S. budget carrier's pilot union said on Monday. The agreement, which runs through Aug. 31, 2020, includes future pay hikes as well as retrospective increases from 2013, Southwest Airlines Pilots' Association said. "While a new contract is certainly not a done deal, this is the...

  • JOHANNESBURG, Aug 29- South Africa's Treasury and state-owned Eskom clashed on Monday over a probe into coal contracts between the power utility and a company linked to the wealthy Gupta family that is accused of holding undue political sway over President Jacob Zuma. The row further scarred relations in a government rocked by a police investigation of...

  • Stephen Clark, TransCanada's senior vice president for Canadian natural gas pipelines, said cheaper tolls are crucial if companies in areas like the Montney and Duvernay shale plays are to compete with U.S. gas producers in eastern markets. The new toll would be a 42 percent cut from the current shipping price of roughly C $1.41 a gigajoule to go from Alberta and...