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Business Strategy Contracts

  • General Motors said Thursday that it will stop doing business in Venezuela after authorities took control of its only factory there. Last month, a World Bank arbitration panel determined that Venezuela would not have to pay $1.4 billion to Irving, Texas- based Exxon Mobil for confiscating company assets during a wave of nationalizations.

  • April 19- Qualcomm Inc, the largest maker of chips used in smartphones, reported 9.6 percent fall in quarterly revenue, hurt by an arbitration decision to pay Canada's BlackBerry Ltd for previously received royalties. Net income attributable to the company fell to $749 million, or 50 cents per share, in the second quarter ended March 31, from $1.16 billion, or 78...

  • FORT WORTH, Texas— American Airlines flight attendants will receive a 1.6 percent wage increase after the union sought a more than 8 percent pay hike. An arbitration panel Tuesday agreed on the lower figure for American's more than 25,000 workers represented by the Association of Professional Flight Attendants. The matter involved contract negotiations...

  • *Total signed first short-term LNG deal with Japan's JERA. PARIS, April 13- French oil and gas major Total has signed a short-term liquefied natural gas supply contract with Japan's JERA, signalling its willingness to offer flexible terms to traditional buyers amid a global glut and lower prices, the group's President for Gas, Renewable and Power told Reuters.

  • Trump's former adviser allegedly advising the Chinese

    Paul Manafort is reportedly advising a Chinese billionaire on how to win U.S. construction contracts from the federal government.

  • *Total signed first short-term LNG deal with Japan's JERA. PARIS, April 13- French oil and gas major Total has signed a short-term liquefied natural gas supply contract with Japan's JERA, signaling its willingness to offer flexible terms to traditional buyers amid a global glut and lower prices, the group's President for Gas, Renewable and Power told Reuters.

  • *Total signed first short-term LNG deal with Japan's JERA. PARIS, April 12- French oil and gas major Total has signed a short-term liquefied natural gas supply contract with Japan's JERA, signalling its willingness to offer flexible terms to traditional buyers amid a global glut and lower prices, the group's President for Gas, Renewable and Power told Reuters.

  • TORONTO, April 12- Canada's main stock index fell on Wednesday, as losses for its heavyweight financial and natural resource sectors offset a sharp boost in BlackBerry Ltd shares after it won an arbitration ruling against chipmaker Qualcomm Inc.. Major oil sands player Canadian Natural Resources Ltd fell 1.2 percent at C $44.72. "Earnings season is coming up...

  • TORONTO, April 12- Canada's main stock index slipped in morning trade on Wednesday, as losses for its heavyweight financial and natural resource sectors offset a sharp boost in BlackBerry Ltd shares after it won an arbitration ruling against chipmaker Qualcomm Inc.. BlackBerry surged 17.2 percent to C $12.04, its highest level since January 2016, after...

  • WATERLOO, Ontario— BlackBerry Ltd. says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments. The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a...

  • DUBAI, April 9- Iran's top security body is still reviewing the Iran Petroleum Contract model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting foreign investors appear to face fresh delays. In January, Iran named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects under the...

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • CHIBA, Japan, April 6- Nigeria LNG has begun talks with potential buyers on new contracts for gas supplies from its first three production units at its liquefied natural gas terminal, a senior official from the African company told Reuters. He was attending the Gastech trade conference in Chiba outside Tokyo. Nigeria LNG is a venture between state-owned...

  • NEW YORK, April 6- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an affinity for far-dated contracts, the CME Group Inc said on Thursday. Shale has since emerged as a resilient rival to the Organization of the Petroleum Exporting Countries...

  • Boeing and Lockheed Martin likely front-runners for a $16 billion jet deal

    The two defense giants are seen as the front-runners for the air force's next-generation jet trainer.

  • Reports say a multiyear deal between Lockheed and the U.S. government is on the table

    A new report claims that U.S. government is offering Lockheed Martin a 'multiyear' deal for its f-35 joint strike fighter jet.

  • LNG executives, traders and dealmakers are gathering in Chiba, just outside Tokyo, for an industry conference this week. The pressure from buyers culminated in March when the world's biggest importers in Japan, South Korea and China agreed to form a club to focus on forcing producers to drop so-called destination clauses, which prohibit them from selling...

  • DUBAI, April 4- Iran's Aseman airline signed a contract with Boeing on Tuesday to buy 60 737 Max aircraft, according to the Islamic Republic News Agency.

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • NEW DELHI, March 28- Monsanto lost a legal battle with one of India's biggest seed producers over a contract dispute on Tuesday, and was ordered to restore a licensing agreement and cut royalty charges. The U.S. company's joint venture Mahyco Monsanto Biotech took Hyderabad- based Nuziveedu Seeds Ltd to court in 2015, claiming patent infringements and accusing...