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Strategic Alliances

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  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is the U.S. arm of...

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives renewed face-to-face negotiations over safety and pay, after a week's hiatus. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and Toledo, Ohio, were told to walk off their jobs...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • SAN FRANCISCO, Feb 9- Microsoft and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday. Microsoft sued Samsung last year in a federal court in New York, accusing Samsung of breaching a collaboration agreement by initially refusing to make...

  • *Novartis deal on track to close in first half 2015. GSK is also banking on an asset swap with Novartis to help revive its fortunes, and looking to unlock value by floating its HIV unit ViiV Healthcare. GSK is buying vaccines, selling cancer drugs and forming a consumer health joint venture with Novartis in a $20- billion transaction designed to ensure more stable...

  • LONDON, Feb 4- GlaxoSmithKline said on Wednesday it expected to start to regain market share in respiratory medicine after weak demand for lung drug Advair again hurt fourth-quarter sales, capping a rough year for Britain's top drugmaker. GSK is also banking on an asset swap with Novartis to help revive its fortunes, and looking to unlock value by floating its...

  • NEW YORK, Feb 2- The last time U.S. oil workers went on strike in support of a nationwide pact, Jimmy Carter was president and KC and the Sunshine Band flew high in the Billboard chart with "Please Don't Go." In 1980, the companies also relied upon retired workers and people from other plants to run the refineries where strikes occurred, recalled Bob Landry, a retired...

  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants in an attempt to force oil companies to sign a new national contract covering laborers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted negotiations early on Sunday after the union rejected a...

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • WASHINGTON, Jan 28- The U.S. Air Force on Wednesday awarded a $383 million contract for more launch services to United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp, bringing the total value of the contract to $4.08 billion. The Air Force said it was adding three pre-priced launches to the existing contract, including the launch of a...

  • BAGHDAD, Jan 28- Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical...

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • Jan 23- Expedia Inc has acquired online travel agency Travelocity from technology company Saber Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues. The deal follows a 2013 marketing agreement in which Expedia Inc's technology powered platforms for Travelocity's U.S. and...

  • WASHINGTON, Jan 14- U.S. Air Force Secretary Deborah James said on Wednesday she was disappointed that SpaceX was not certified to launch military and spy satellites by the end of December as hoped, but added she was confident the company would complete the process soon. James said the Air Force remained committed to completing the certification process as...

  • HONG KONG, Jan 14- China has allowed foreign investors to fully own e-commerce companies in Shanghai's free trade zone as part of a pilot scheme, the official Xinhua news agency said on Wednesday, citing the Ministry of Industry and Information Technology. Since the launch of the free trade zone in September 2013, policy makers have trumpeted reforms and relaxed...

  • MEXICO CITY, Jan 9- Mexico's telecommunications regulator has fined both Carlos Slim's fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them, the companies said in separate statements on Friday. Dish Mexico was fined 43 million pesos while Telmex was fined 14.4 million pesos. Dish Mexico is a joint...

  • The Air Force said on Tuesday it was "close" to certifying a new company to launch large U.S. military satellites, but did not name SpaceX. On Wednesday, the Air Force expanded its statement with details about its review of SpaceX, and said the privately held company founded by entrepreneur Elon Musk "is making substantial progress" toward being allowed to compete...