28 Jan 2012 @ 03:12
BP (
LSE:BP.) will have to shoulder compensatory damages claimed by third parties against its’ contractor, Transocean, in relation to the 2010 oil spill incident on the Gulf of Mexico. Judge Carl Barbier of the US District Court in New Orleans ruled yesterday in a 30-page document, that BP is to indemnify Transocean for their part […]
23 Jan 2012 @ 22:34
Independent oil exploration company Cove Energy (
LSE:COV) has received bidding from BP for a possible takeover. Neither company has released any statements regarding the news. BP is the latest addition to the growing number of companies reported to be interested in acquiring Cove Energy since it opened itself up for a bid on 5 January […]
17 Dec 2011 @ 02:32
Internet gaming company Zynga (NYSE:ZNGA) made its Initial Public Offering on Thursday, selling 100 million shares at $10 each and valuing the company at $9 billion. Shares will be open for public trading at 9:30 am in New York (2:30 pm GMT) on Friday. The $1 billion raised makes Zynga the biggest tech IPO since […]