Gordon Coburn, Cognizant Technology Solutions president, discusses his company's plan to expand hiring and move its corporate headquarter from New Jersey to the Lone Star State.» Read More
Dec 2- Dow Chemical Co said it would sell a bulk of its chlorine operations- its oldest business- as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion. Dow Chemical, like other U.S. chemical makers such as Dupont, is moving away from providing a wide range of products to focus on electronics, packaging and agriculture.
Valero Energy Partners makes money by charging for transporting crude oil and refined petroleum products. The units in the IPO represent a 25.5 percent limited partner interest in Valero Energy Partners. The underwriters are expected to be given a 30- day option to buy up to an additional 2.3 million units from Valero Energy Partners.
NEW YORK-- Hilton Worldwide Holdings Inc. plans to offer approximately 112.8 million shares in an initial public offering of its common stock, returning to the public markets about six years after it went private. The McLean, Va.- based company plans to use the net proceeds from the offering and available cash to repay about $1.25 billion of debt.
*OPEC output below 30 mln bpd in Nov. SINGAPORE, Dec 2- Brent crude edged above $110 a barrel on Monday as Chinese industrial activity clung to an 18- month high and on continued supply disruptions in Libya. "Risk assets came back on with the positive numbers out of China," said Ben Le Brun, a market analyst at OptionsXpress in Sydney.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.
Nov 30- The rollout of President Barack Obama's healthcare law entered a critical phase on Saturday, the deadline for substantially fixing the program's troubled enrollment website, as the administration scrambled to address the most obvious glitches.
Nov 30- Americans got their first look on Saturday at an overhaul of the troubled enrollment website at the heart of President Barack Obama's healthcare law, but it was unclear yet if the White House had made good on its pledge to fix the glitches.
WASHINGTON, Nov 30- A crucial weekend for the troubled website that is the backbone of President Barack Obama's healthcare overhaul appears to be off to a shaky start, as the U.S. government took the HealthCare.gov site offline for an unusually long maintenance period into Saturday morning.
Jay Nixon wants state lawmakers back at the Capitol next week in hopes of persuading the Boeing Co. to land its new 777 X jet plant in Missouri.
Three Michoacan state detectives were wounded in an ambush earlier this week when they were traveling to investigate a mine taken over by criminals. When reinforcements arrived, those officers were also ambushed, part of a string of attacks on police in Michoacan on Wednesday and Thursday that left two officers dead and about a dozen wounded.
NEW ORLEANS-- Louisiana's Department of Insurance has joined a lawsuit filed by Mississippi against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. Commissioner Jim Donelon said Wednesday that the department had filed an "amicus curiae, or friend of the court" brief in Mississippi's lawsuit.
From Uganda, where France's Total is trying new and less intrusive methods of seismic testing in a national park, to Madagascar, where operations are under way next to a UNESCO site, the industry is working in locations where damage would trigger public outcries.
MEXICO CITY, Nov 27- Mexico's state-run oil monopoly Pemex will likely discuss a potential stake in Argentina's massive Vaca Muerta shale deposit next month, a member of the company's board said on Wednesday.
RIO DE JANEIRO, Nov 27- Brazilian tycoon Eike Batista's oil company, OGX, lost 2.12 billion reais in the third quarter as it scrambled to start output from an offshore oil field that represents one of its last chances to remain afloat.
HOUSTON-- W&T Offshore Inc. said Wednesday that it is facing being blocked from federal contracts due to pollution issues from 2009.. The Houston- based oil and gas company said that the federal regulatory action is undeserved and does not reflect its recent record of responsibility and compliance in the Gulf of Mexico.
Nov 27- A wintry blast of heavy rain, wind and snow across the eastern United States disrupted Thanksgiving travel plans on Wednesday for some of the millions of Americans hitting the roads and taking to the skies on the busiest holiday travel day of the year.
BISMARCK, N.D.-- Enbridge Energy is inviting oil producers to bid on rights to use the largest-capacity pipeline proposed to date to transport North Dakota crude.
WASHINGTON, Nov 26- Oilfield services firm Weatherford International will pay $253 million in fines to the U.S. government to settle charges that ranged from flouting sanctions against Iran and Syria to sending business partners on World Cup soccer junkets, officials said on Tuesday.
Much of it is coming from just three states: Texas, Oklahoma and Kansas. That's more than the 32 million tons estimated by the U.S. Environmental Protection Administration or the nearly 29 million tons reckoned by the European Commission.