LONDON (Reuters) - London-based oil major BP <BP.L> has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy <DVN.N> for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
The companies said on Thursday that BP has also agreed to sell ...More
By Chang-Ran Kim, Asia autos correspondent
TOKYO (Reuters) - Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
On Monday, Rep ...More
TOKYO (Reuters) - Daihatsu Motor Co <7262.T>, a unit of Toyota Motor Corp <7203.T>, said on Thursday it would recall more than 274,000 Hijet and Atrai wagon models in Japan to fix a loose knuckle joint in the front wheels.
Daihatsu said an additional 449 units have been ...More
NEW YORK (Reuters) - The U.S. dollar is still the most important world currency, Standard & Poor's said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency's primacy.
Without a credible plan to rein ...More
WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.
The Congressional Oversight Panel, in a new monthly report, said despite three separate bailouts ...More
NEW YORK (Reuters) - Macquarie Group Ltd <MQG.AX>, Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.
Tim Bishop, chief executive officer of Macquarie Capital's ...More
NEW YORK (Reuters) - While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
The top U.S. electronics retailer unveiled a ...More
CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp <BAC.N> Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday.
Industry overseers are increasingly concerned about U.S. banks ...More
FOND DU LAC, Wis. (WTAQ) - A company that makes steel wires will get $163,000 in state tax credits to run a vacated plant in Fond du Lac. Governor Jim Doyle’s office announced a $3.3 million project Wednesday for Central Wire Industries, which is based in Canada. The ...More
MIAMI (Reuters) - Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans.
Private sector firms that focus on post-conflict or disaster relief operations gathered ...More
