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Business Strategy Contracts

  • WASHINGTON, July 10- The U.S. Consumer Financial Protection Bureau on Monday released a rule that would bar credit card companies, banks and other firms from requiring that customers agree to settle any disputes away from the courts and in arbitration as a condition of opening an account. The rule would also require companies to give the CFPB records of initial...

  • LUANDA, July 3- Angola's state oil company Sonangol will soon respond to an arbitration request by U.S. oil firm Cobalt which is seeking more than $2 billion from the African company after the two failed to reach an agreement on license deadline extensions on two deepwater blocks, a company official said on Monday. "We will within two weeks at most, give an answer to...

  • DAR ES SALAAM, July 3- Tanzania's parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Businesses have complained that they feel President John Magufuli is unfairly squeezing them through a strict interpretation of tax laws,...

  • DAR ES SALAAM, July 3- Tanzania's parliament passed two laws late on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. "Parliament has passed two legislation- the Natural Wealth and Resources and the Natural Wealth and Resources Contracts bills," the...

  • United Launch Alliance beats SpaceX to win Air Force launch

    United Launch Alliance closed a satellite launch contract against Elon Musk's SpaceX.

  • DAR ES SALAAM/ NAIROBI, June 30- Tanzania's parliament should pass legislation next week that would allow it to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister, Palamagamba Kabudi, told...

  • DAR ES SALAAM, June 30- Tanzania's parliament should pass three bills next week that would allow the resource-rich East African nation to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "We expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister,...

  • DAR ES SALAAM, June 30- Tanzania's parliament should pass three bills next week that would allow the resource-rich East African nation to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister,...

  • LONDON, June 26- Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd's of London Chief Executive Inga Beale said. The Lloyd's of London insurance market, which started life in Edward Lloyd's' coffee house in 1688, derives...

  • SAO PAULO, June 23- Brazil's state-controlled oil company Petrobras said on Friday it has resumed negotiations with Sete Brasil Participações SA over vessel contracts.

  • BRAZIL'S OIL COMPANY PETROBRAS SAYS HAS RESUMED NEGOTIATIONS WITH SETE BRASIL OVER VESSEL CONTRACTS.

  • *Project would be first oil development in Senegal. *Woodside says Senegal govt confirms firm's participation. June 21- Woodside Petroleum on Wednesday confirmed that fellow Australian energy company FAR Ltd had requested arbitration in an ownership dispute that has delayed a promising oil project off Senegal.

  • *Seeks injuction with California court. TOKYO, June 15- Western Digital Corp said it has sought a court injunction that would prevent Toshiba Corp from selling its NAND chip business until its arbitration case against the Japanese conglomerate has been decided. In May, the California- based firm sought international arbitration arguing that Toshiba needs its...

  • ISLAMABAD, June 14- Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland's ABB to build the country's first high-voltage transmission line. In Pakistan, whose geographical position makes it central to Beijing's " Silk Road" plans, contracts have been awarded for projects worth more than $28 billion all by Chinese companies...

  • BERLIN, June 8- Luerssen, ThyssenKrupp and German Naval Yards have agreed to bid jointly for a German navy warship contract after competition authorities struck down an earlier bid, an industry source said. The contract had originally been worth 1.5 billion euros but it is unclear how much the government will ultimately pay. The German Defence Ministry had...

  • TOKYO, June 8- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Thursday they aim to cut costs by more than 100 billion yen a year within five years after combining their fossil fuel power plants under their JERA Co joint venture. The two companies, which had agreed on the integration in March, signed a contract for this on Thursday.

  • May 26- Canada's BlackBerry Ltd said on Friday that U.S. chipmaker Qualcomm Inc has agreed to pay the software maker $940 million, including interest and legal fees, to settle a royalty dispute. Qualcomm had said in April that it would have to refund BlackBerry $814.9 million, plus interest and attorneys' fees, in an arbitration over royalties for certain past...

  • BEIRUT, May 24- Iran has signed a contract worth more than 550 million euros with Spain's Tubacex to buy corrosion resistant alloy pipes for its oil industry, the oil ministry's news agency reported on Wednesday. An agreement between Iran and Western powers led to a number of sanctions being lifted in January 2016 in exchange for curbs on the country's nuclear...

  • The hard drive assembly line at Western Digital.

    Western Digital has sought international arbitration to stop partner Toshiba from selling its chips arm without its consent.

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...