Companies

GAP Downgrade, Store Reduction

After Gap Inc (NYSE: GPS) reported September 2011 sales were unchanged – flat from the same period last year, the company is reducing its North American store presence and moving to new locations in South America. Part of the financial plan is 10 percent cuts in store square footage by 2012 when compared to 2007. [...]

Oct 14 2011 | Posted in Companies | Read More »

Report Concludes What Factors Led to 11 Deaths & Worst Oil Spill In Gulf Of Mexico

U.S. government investigation concludes final report on massive Gulf of Mexico oil spill disaster that killed 11 workers. BOEMRE’s JIT (Joint Investigation Team) found BP (British Petroleum) actions contributed to the Macondo well and operations of the Deepwater Horizon platform. Full of recommendations to prevent future disasters, the report details what went wrong and who/what [...]

Sep 14 2011 | Posted in Bp,Companies,Oil | Read More »

Second Largest Home Improvement Retailer in the World to Buy Back $5 Billion of It’s Common Stock

Lowe’s Company Inc plans to buy back the companies common stock over the next two to three years. Although this new repurchase authorization has no expiration date, the company expects to use the full amount over the next two to three years. It’s Board of Directors also declared a quarterly cash dividend of fourteen cents [...]

Aug 22 2011 | Posted in Companies,Home Improvement | Read More »

Biggest Shell Oil Spill In Decades Pours Into North Sea

Shell oil is struggling to control the biggest oil spill in British seas since 2000. Reminiscent of BP’s efforts to stop the oil rig leak in the gulf, the oil mega giant is trying to stem the daily flood of at least a thousand barrels into the North Sea. Last Wednesday, the main oil leak [...]

Aug 17 2011 | Posted in Companies,Oil,Shell | Read More »

Investment Turkey Country

Continuing to keep the stability in Turkey and the Turks pursued with great interest the people of the territory of the Republic of Turkey Prime Minister Recep Tayyip Erdogan as well as outside of the country a lot of respect all over the world. Foreigners who invest in the country very pleased with the direction [...]

May 20 2011 | Posted in Companies | Read More »

Airlines to give dissection of ‘fares’ structure

In order to make aviation charges structure more transparent, the aviation ministry has asked all carriers to disclose the total amount of charges paid by passengers. The move is believed to be welcomed by air travelers as they will now be able to have access to the surcharges paid by passengers besides the basic fare. [...]

Sep 8 2010 | Posted in Jet Airways | Read More »

Air India Offers its employees to go on voluntary leave

In a bid to cut its staggering salary bills Air India has come up with a voluntary leave scheme that will allow its employees to go on a non paid leave for two years. This leave period can also be extended by another 3 years subject to the approval of the management. It is interesting [...]

Sep 8 2010 | Posted in Air India | Read More »

Jet Airways Eyes Restructuring To Save Costs

Aviation industry saw a massive drop in the number of passengers (of 12%) and in load factors (by 60%) in the month of March. India’s biggest private sector aviation player Jet Airways also felt the pinch of this staggering pull back in the aviation industry. It has been learnt that the airline major is shutting [...]

Sep 2 2010 | Posted in Jet Airways | Read More »

India offers Qatar a 10 percent stake in Petronet LNG Ltd

India today offered a 10 percent stake of Petronet LNG to Qatar with a view to obtain 18 more LNG cargoes this year and to make the world’s largest LNG exporter agree on long-term supply deal for meeting the fuel requirements of Dabhol Power Plant. The LNG exporter has already made a commitment to sell [...]

Jun 24 2010 | Posted in Indian Oil Corporation | Read More »

IOC Will Buy From Cairn Only With Heavy Discounts

Indian Oil Corporation has sought discounts from energy major Cairn for buying its crude output from Rajasthan. The demands are based on the fact the said crude is waxy and heavy than normal crude that IOCs pipeline carries. The state run oil refinery is seeking a discount in the range of $15 to $18 per [...]

Apr 29 2010 | Posted in Indian Oil Corporation | Read More »

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