Exxon Fires Up Acquisition Engine, Buys Kosmos’ Stake in Jubilee Oil Field

On October 6, 2009

Exxon Fires Up Acquisition Engine, Buys Kosmos’ Stake in Jubilee Oil Field

Exxon Mobil is finally putting its large cash position to use with the acquisition of Kosmos Energy's stake in the Jubilee oil field offshore Ghana. Exxon is close to finalizing the deal, the WSJ reported Tuesday. Analysts have previously valued Kosmos' oil field holdings in Ghana at $3 billion to $6 billion. More recent reports have pegged the value near $4 billion. Kosmos holds about a 23.5 percent interest in the Jubilee field, home of one of the largest oil finds in the past decade in West Africa. Anadarko Petroleum, the UK's Tullow Oil and Ghana National Petroleum Corp. also are partners in the field. So what does it mean when a conservative super major -- the world's largest publicly traded company -- makes its heftiest...


On October 6, 2009

Google, Verizon Make Strange Bedfellows

Verizon Wireless said it will introduce two smartphones this year running Google's Android operating system, a remarkable development between two companies with a history of deep mutual antagonism.


On October 6, 2009

Kroger Eludes Recession in Texas Marketplace Launch

On Thursday, Kroger will open its first marketplace store in Texas as part of it strategy to use stores types and data to more precisely target consumers, while simultaneously capitalizing on an opportunity that the recession hasn’t withered. The marketplace format store, which combines a full supermarket with an expanded general merchandise selection that focuses on home and seasonal goods, opens in the Houston suburb of Richmond and will be followed by another just a few miles away and a third in the Dallas suburb of Frisco. The marketplace store launch comes on the heels of Kroger’s opening a hybrid store in Houston, one that combines attributes of the company’s signature format stores – essentially expanded supermarkets – with one...
On October 6, 2009

List of Pfizer’s Trovan Victims Has Been Lost, Nigerian Officials Say

Nigerian officials have lost the list of victims to be compensated under Pfizer's $75 million settlement with the Kano State government following the Trovan meningitis trials in that country. The money was to be paid by Oct. 15, but the process has now been stretched out a further three months "because of some unforeseen hitches."
On October 6, 2009

Will We Ever See Another Murdoch?

Assuming the media companies of tomorrow will have to be scrapier, smaller units, as Columbia Business School professors argue, will we ever see another global mogul like Rupert Murdoch?
On October 6, 2009

How LinkedIn Can Help Your Local Business

Local marketing expert Lorrie Thomas explains how LinkedIn can help local businesses increase their credibility as well as get increased visibility through search engine optimization.
On October 6, 2009

How LinkedIn Can Help Your Local Business

Local marketing expert Lorrie Thomas explains how LinkedIn can help local businesses increase their credibility as well as get increased visibility through search engine optimization.
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