31 October, 2014 by The TZ Newswire Staff Comments Off on Exxon, Chevron results boosted by refining as oil prices slip
Exxon, Chevron results boosted by refining as oil prices slip
A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices. Both companies reported better-than-expected …
31 October, 2014 by The TZ Newswire Staff Comments Off on Dollar General extends tender offer for Family Dollar shares again
Dollar General extends tender offer for Family Dollar shares again
Dollar General had received offers for only about 4 million Family Dollar shares of a total 114 million outstanding shares as of Oct. 30, a day before the offer was to expire. Dollar General’s perseverance to close a deal highlights its struggles in a weak economy where penny-pinching customers look for more discounts and deals. Dollar stores have been a popular choice for such customers, but rising competition from mass retailers such as Wal-Mart Stores Inc (WMT.N) and Target Corp (TGT.N) opening small-format stores has intensified pressure on them to merge.
31 October, 2014 by The TZ Newswire Staff Comments Off on Herbalife to pay $15 million to settle class action lawsuit
Herbalife to pay $15 million to settle class action lawsuit
The company would pay $15 million in cash, plus up to $2.5 million for product returns, according to the court filing that granted preliminary approval for the settlement on Friday. Under terms of the settlement, Herbalife would also make “numerous changes” to its business model for at least three years after the settlement receives final approval, the court filing said.
31 October, 2014 by The TZ Newswire Staff Comments Off on Exclusive: U.S. probing Standard Chartered over Dubai banking – sources
Exclusive: U.S. probing Standard Chartered over Dubai banking – sources
The latest investigation involving the bank is based, in part, from evidence that emerged during a separate probe of BNP Paribas, the French bank that pleaded guilty this summer to charges related to sanctions-busting and agreed to pay $8.9 billion in penalties, the people said. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.
31 October, 2014 by The TZ Newswire Staff Comments Off on Takata must rev up air bag replacement effort: U.S. safety officials
Takata must rev up air bag replacement effort: U.S. safety officials
On Thursday, Takata agreed to add two production lines to make more air bag parts. The pledge came at a meeting with the National Highway Traffic Safety Administration, which said on Friday that the effort might not be enough. “It’s unclear yet whether that would be sufficient to meet demand,” said NHTSA Deputy Administrator David Friedman in a statement released Friday evening. Friedman also said Takata had not yet heeded NHTSA’s request to contact other air bag suppliers to help speed up production of replacement parts for Takata air bags “due to concern for quality issues.”
