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Rosneft, Russia’s state-owned oil company, has tied up loan arrangements for $16.8 billion to finance its acquisition of TNK-BP, the joint-venture between BP plc (NYSE:BP) and a group of Russian billionaires. The cash raised would be used by Rosneft to pay off BP for its sale of 50% in TNK-BP.
Chevron Corporation’s (NYSE:CVX) Canadian subsidiary acquires a 50% operating interest in the Kitimat LNG project and proposed Pacific Trail Pipeline plus a 50% interest in about 644,000 acres of oil and natural gas rights in British Columbia, Canada. A subsidiary of Apache Corporation (NYSE:APA) will acquire the other 50% interest in the Kitimat LNG project and proposed PTP project. These assets are being acquired from EOG Resources (NYSE:EOG) and Encana (NYSE:ECA).
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A Wall Street Journal investigation finds out some online purchasers are more equal than others. Apparently, retailers use data collected from consumers’ to tweak the prices or product descriptions or swap products available that the customers see on their screens. In the case of the stapler, The WSJ found a Swingline stapler retailing through Staples (NASDAQ:SPLS) cost $15.79 on one consumer’s screen, whereas the identical stapler, at that same moment, displayed a cost of $14.29 to another user just a few miles away. “Websites are adopting techniques to glean information about visitors to their sites, in real time, and then deliver different versions of the Web to different people,” says the WSJ. Rosetta Stone (NYSE:RST) and Home Depot (NYSE:HD) were also observed to shift pricing based on online observation of consumer data.
A Peugeot executive has dismissed speculation about a merger between PSA Peugeon Citroen and General Motors’ (NYSE:GM) Opel division arising from the planned alliance between the two companies announced in February. “The point (of the alliance) is not to reduce personnel,” said Oliver Dardart, head of Peugeot’s German operations.
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