BP (BP.L) announced on Friday that Dave Lawler, its top executive in the United States and head of its shale business, is leaving the company to pursue new career opportunities. Lawler’s departure comes less than three weeks after BP’s chief…
Wells Fargo announced on Friday that it had divested about $2 billion worth of its investments in private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The bank said that the move was part of its strategic…
Xerox Corp. announced that it has agreed to buy back all the shares of its common stock owned by Carl Icahn, the company’s largest shareholder, and his affiliates for $15.84 per share, or about $542 million in total. The deal…
MELBOURNE, AUSTRALIA: Tesserent Limited (ASX: TNT) announced the strategic purchase of Beyond Binary Pty Ltd, a company that offers security related services, such as penetration testing, red team engagements, adversary/attack simulation and related security consulting services (Beyond Binary). The acquisition…
SYDNEY, AUSTRALIA: Rewardle Holdings Limited (ASX:RXH) entered into a binding Term Sheet with Cache Investments Ltd to acquire the distribution rights for the Upstreet Fund. The Fund was established for Upstreet, an Australian fintech founded in 2019 out of the…
Sydbank has announced that its CEO, Karen Frøsig, will step down from her position in 2024. Karen Frøsig joined Sydbank in 1994 as Chief Legal Adviser and became a member of the Group Executive Management in 2008. She has been…
UPS, the world’s largest package-delivery company, has announced that it will acquire MNX Global Logistics, a specialist in time-critical logistics for the healthcare industry and other sectors. The deal, which is expected to close by the end of the year,…
Saudi Aramco, the world’s largest oil producer, has announced its first international investment in liquefied natural gas (LNG), a move that signals its ambition to diversify its energy portfolio and reduce its carbon footprint. The state-owned company said on Thursday…
LONDON, UK: IOG plc, an oil and gas company listed on AIM, has announced that it will be placed into administration after failing to secure additional funding from its bondholders. The company, which operates assets in the UK North Sea,…
PARIS, FRANCE: TotalEnergies has finalized the acquisition of France’s agrivoltaics leader Ombrea. Ombrea was founded in 2016. It has built ten sites and studied around fifty crop varieties, to develop unique expertise and innovative solutions that optimize the synergies between…
HSBC, Europe’s largest lender, is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, Reuters reported. The deal, which could be announced as soon as next month, will also see HSBC taking…
GameStop Corp. announced on Thursday that it has named Ryan Cohen, its largest shareholder and board member, as its new chief executive officer and chairman. The move marks the culmination of Cohen’s efforts to transform the struggling videogame retailer into…