In a step toward one of the largest share offerings this year, Petroleo Brasileiro, the Brazilian national oil company, said Wednesday that it had agreed to issue $42.5 billion in new stock to the Brazilian government to win the right to 5 billion barrels of oil in offshore fields. The company, which goes by Petrobras, [...]
After rebuffing a $2.6 billion takeover approach by Korea National Oil Corp., Dana Petroleum is in advanced talks to acquire North Sea fields from Canada’s Suncor Energy, Reuters reported citing sources close to the matter. Suncor put stakes in a number of assets on the market earlier in the year, after last November saying it [...]
From Richard H. Thaler, a professor of economics and behavioral science at the Booth School of Business at the University of Chicago, writing in The New York Times’s Economic View column: Over the last month, one question seemed to be on everyone’s mind at the economic conferences I attended in Europe: How did referees miss [...]
Five Politics Daily staffers — Carl Cannon, Melinda Henneberger, Walter Shapiro, David Wood and James Grady — are joining in an online discussion with Pulitzer Prize-winning former New York Times reporter Sydney Schanberg about politics and the press as seen through the prism of his new book, “Beyond the Killing Fields.” Here is Schanberg’s response [...]
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