Daily Archives: January 17, 2013

Intel hit by downturn in core PC market

PC shipments declined between 4.9 and 6.4% in the fourth quarter year on year, according to differing statistics from Gartner and IDC  More »

Stocks rise on US economy hopes

European shares rise and Wall Street appears poised to trade at fresh 5-year highs as optimism about the US economy reinvigorates global ‘risk’ rally  More »

Rio chief quits after $14bn writedown

Tom Albanese steps down following $14bn in writedowns and will be replaced by Sam Walsh, head of the Anglo-Australian miner’s iron ore division  More »

Cayman Islands to open up to scrutiny

Regulator outlines plans to create a public database of funds domiciled on the island following demands from investors and politicians  More »

Grounding threatens Boeing’s 787 dream

The Federal Aviation Administration says that US airlines cannot fly Dreamliners until it is shown ‘to the FAA that the batteries are safe’  More »

Citi and BofA fail to dispel concerns

The banks have suffered setbacks in their attempt to escape a troubled legacy of problems from the financial crisis with renewed worries over legal costs  More »

‘Pharaoh’s curse’ costs WSE chief his job

Ludwik Sobolewski was fired over allegations that he had approached companies listed on his bourse to finance a film that will star his girlfriend  More »

E*Trade to name Idzik as chief executive

Idzik, who served as chief operating officer at Barclays under Bob Diamond when he was chief executive, to join US online retail brokerage  More »

Deepwater North Uist well nearing conclusion west of Shetland

Faroe Petroleum has provided a detailed update on its current and upcoming exploration wells offshore northwest Europe.  More »

Oil industry battles back on natural gas exports

The oil and gas industry on Thursday stepped up its fight for natural gas exports and criticized a new coalition of manufacturers that wants to restrict foreign sales of the fossil fuel.  More »

North Sea Catcher studies move forward

Premier Oil and its partners have agreed on a development concept for the Catcher project in the UK central North Sea.  More »

CVR Refining units up 2 pct in trading debut

CVR Refining LP’s units rose about 2 percent in their first hours of trading Thursday. The company spun off from CVR Energy Inc.  More »

Eni confirms commerciality of Sankofa offshore Ghana

Eni has completed drilling Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery offshore Ghana.  More »

Seabed, depth issues to complicate Polarled pipelay

Statoil (OSE:STL) has contracted Ramboll Oil & Gas for detailed design of the 36-in. Polarled pipeline in the Norwegian Sea.  More »

Lundin lines up further well east of Edvard Grieg

The Norwegian Petroleum Directorate has authorized Lundin Norway to drill an exploratory well east of the Edvard Grieg field in the North Sea.  More »
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