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  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • HOUSTON, Oct 9- A World Bank arbitration decision that Venezuela must pay Exxon Mobil Corp about $1.6 billion shows that the country "failed to provide fair compensation" for oil assets nationalized in 2007, Exxon said in a statement on Thursday. "Exxon Mobil recognizes the sovereignty of all nations and, while clearly not a desirable outcome, accepts...

  • CARACAS, Oct 9- A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the International Chamber of Commerce website Thursday showed. A separate decision by the Paris- based ICSID in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908...

  • Iran aims for tempting new oil contracts soon Wednesday, 8 Oct 2014 | 5:57 AM ET

    Iran wants Western oil companies to revive its giant, ageing oilfields and develop new oil and gas projects and has been preparing a new investment model for oil contracts as part of its drive to win back Western business. The OPEC producer is in talks with six Western powers to reach a deal to limit Tehran's nuclear programme- which could end sanctions on oil...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a federal lawsuit Microsoft filed in August in New York accusing Samsung of refusing to make royalty payments to...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that could be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty...

  • NEW YORK, Oct 7- Samsung Electronics initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing in a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty payments after it...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that may be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • DUBAI, Oct 1- The International Cotton Association said it is introducing mediation services to help resolve disputes over reneged contracts that have blocked hundreds of blacklisted firms from doing business.

  • HOUSTON, Sept 30- The World Bank arbitration tribunal will give its final award ruling this week on a multibillion- dollar claim by Exxon Mobil Corp against Venezuela over the 2007 nationalization of two oil projects, legal sources said on Tuesday.

  • NEW YORK, Sept 29- The industry group that regulates securities brokerages has decided it cannot force firms to carry insurance for payment of awards granted by arbitration panels or courts to customers who have lost money, a spokeswoman said on Monday.

  • NEW YORK, Sept 29- The industry group that regulates securities brokerages has decided it cannot force firms to carry insurance for payment of awards granted by arbitration panels or courts to customers who have lost money, a spokeswoman said on Monday.

  • *World's biggest tugboat operator eyes growth in Africa. COPENHAGEN, Sept 29- Denmark's Svitzer, the world's biggest tugboat operator, plans to expand in Africa and focus on long-term contracts with oil companies to offset tough trading in its main Australian and European markets, its chief executive told Reuters.

  • NEW YORK, Sept 25- MannKind Corp shares were among the most actively traded in premarket on Thursday, after the company said it had closed a licensing agreement with Sanofi for the development and commercialization of its inhaled insulin product. MannKind said it will receive a $150 million upfront payment within 10 days of the closing.

  • NFL's PR problem  Wednesday, 17 Sep 2014 | 12:45 PM ET

    Nike has suspended its contract with NFL running back Adrian Peterson. Rick Horrow, Horrow Sports Ventures, discusses the challenges facing the league.

  • Nike suspends contract with Adrian Peterson  Wednesday, 17 Sep 2014 | 12:00 PM ET
    Adrian Peterson #28 of the Minnesota Vikings warms up prior to a game against the St. Louis Rams at the Edward Jones Dome on September 7, 2014 in St. Louis, Missouri

    CNBC's Dominic Chu provides insight to Nike's statement over why it suspended its contract with NFL running back Adrian Peterson.

  • CAPE CANAVERAL/ WASHINGTON, Sept 16- NASA will partner with Boeing and SpaceX to build commercially owned and operated "space taxis" to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, officials said on Tuesday.

  • *Gilead plans to sell Sovaldi in India for $300 per month. NEW DELHI/ MUMBAI, Sept 15- U.S. drugmaker Gilead Sciences Inc has agreed to license its hepatitis C drug Sovaldi to seven India- based drugmakers to sell cheaper versions of the $1,000- a-pill medicine in 91 developing nations including India.

  • The steep cost of skiing  Friday, 12 Sep 2014 | 2:48 PM ET

    Rob Katz, Vail Resorts Chairman and CEO, discusses ski lift prices, and opportunities for skiers to save money.