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Royal Dutch Shell, the oil and gas company, is selling a number of assets, including its European liquid petroleum gas businesses, to fund a £28 billion ($42 billion) capital spending program, The Financial Times reported, citing people involved in the proposed deals.
The Anglo-Dutch giant has said it is looking to divest 15 percent of its global refining capacity as the European oil industry battles a drop in demand for oil products and 15 year-low margins, Reuters noted.
According to The Financial Times, the oil company plans to raise between $2 billion and $3 billion by auctioning off assets that did not contribute to its growth plans, including refining and marketing operations in Europe and mature oil and gas field in the North Sea and Nigeria.
Credit Suisse is advising on the deal, with a number of private equity firms, including Axa Private Equity, Bain Capital and PAI, interested in acquiring the group’s European liquid petroleum gas businesses, the newspaper said.
Go to Article from The Financial Times »
Go to Article from Reuters via The New York Times »
The room bookings on the Palace Estate files have now been published. Some MPs have been trousering thousands from lobbyists and commercial interests to act as a room booking service.
There is a scratch-my-back, I-scratch-yours aspect to this racket, politicians get paid to advise lobbying firms in a general capacity, they then book rooms for clients of the lobbyists. It is hard to nail ‘em for this, but Guido will try…
Link to report here.
Post info in the comments…
UPDATES : John Denham held breakfast event for AXA & registered an interest in providing them consultancy work the next month.
Patricia Hewitt booked Commons rooms 5 times for companies she had financial interests in – Boots, BT & Cinven.
John Mann, the holier-than-thou MP, held an event for Morgan Allen Moore (MAM), the controversial lobbyists implicated in the events surrounding Peter Hain’s resignation from the Cabinet in January 2008. MAM were the first lobbying firm ever to be kicked out of the lobbyist’s trade body. That is how bad they were.
The Right Honourable John McFall, chairman of the Treasury Select Committee, likes to rail against the bankers on Newsnight. Obviously that is when he he can spare the time from hosting receptions for the Royal Bank of Scotland in the Strangers Dining Room (June ‘08).
The oh, so green Ed Miliband sponsored a dinner for the Oil and Gas Industry Dinner in the Astor Room (Sep ‘09).
Labour’s Jamie Reed booked for lobbyists Weber Shandwick – put it through as Weber Sandwich (Mar ‘o6).
Bercow hosts Masonic reception for 145. Gray’s Inn Lodge Ladies Night (Jun ‘06)
Did David Davies get a free Blackberry for hosting Research in Motion for dinner in February?
Shagging Nigel Griffiths hosted lunch for Labour Finance and Industry Group, they have donated over £60k between 2005-2007 (May ‘06)
Stephen McCabe held a dinner for a top Labour party donor Lord Bhattacharyya. He donated over £400,000 to the Labour Party. (May ‘08)
Andrew Miller held a reception for Microsoft after receiving a paid-for trip to Berlin by them. (Jun ‘08)
Mark Oaten, director of BHTA, hosts dinners mainaly for BHTA. Go figure.
Mark Tami MP booked the E.ON Parliamentary Dinner. E.ON UK made a cash donation of £10,000 by way of sponsorship to the national Labour Party in October 2007. (Mar ‘09)
Labour Chief Whip Nick Brown hosted a reception for Amec Oil and Gas. (Dec ‘06) His register of interests for the same year: “22-26 August 2006, to Stavanger, Norway, to visit Offshore Northern Seas (ONS) conference and exhibition, with the British Offshore Oil and Gas Industry All-Party Parliamentary Group. Overseas flights, hotel accommodation, local transport and hospitality sponsored by the UK Offshore Operators Association (UKOOA).” Amec is a member of UKOOA.
More Masonic connections – Tony Baldry hosted the Provincial Grand Lodge of Surrey. (Sep ‘05)
Je viens juste de mettre en route ce blog pour vous faire part de mes petites connaissances en matière d'assurance scooter and assurance voiture sans permis and assurance malus and assurance voiture sans permis and assurance jeune conducteur moto and assurance jeune conducteur moto and assurance temporaire...09/01/2007 Assurance malus ;-)Je vais essayer de vous expliquer au fil des posts comment s'en sortir lorsque l'on a du malus assurance temporaire voiture et qu'aucune assurance ne veut plus de vous...28/10/2005 Assurance malus ;-)A tres vite
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Don't expect any blockbuster bills with inventive hiring initiatives. With UGG Boots partisan politics dominating Capitol Hill, lawmakers are concentrating on bite-sized bills that are easier to pass. Most of the measures merely extend or expand existing laws.
Members are expected to take up legislation next week that contains a medley of tax benefits for small businesses, including a provision allowing entrepreneurs to deduct up to $20,000 of startup costs, up from $5,000 currently.
The bill also focuses on making infrastructure projects easier and less costly for states and cities to fund. For instance, the legislation would extend through 2013 the Recovery Act's popular Build America Bonds program, which has financed more than $78 billion in projects as of March 1.
"Small businesses are an important engine of our economy and this bill combines a number of proposals to help them grow and free up resources to hire new workers," said Rep. Sander Levin, D-Mich., the bill's sponsor. "This bill also extends effective financing measures like the Build America and Recovery Zone Bonds so that they can continue creating new jobs while making critical improvements to our communities."10LUOYUEJUN0319
Also on the agenda for the Ways & Means Committee is an energy-related jobs bill that would likely include the so-called cash for caulkers" provision that President Obama has touted for months. This program would provide rebates to homeowners who purchase energy-saving appliances or have energy audits performed on their homes.
Well FWIW it is a 20 percent increase on those who live off dollar burgers. Plus tax, that's about 21-22 percent increase in food costs for a good portion of America who can least afford it. If you eat these every day it amounts to about $250 dollar increase per person per year.
I eat them all the time, had two of them last night. I've basically lived off them (and other 99cent burgers) the last few months. Didn't have to per se, but it allowed me enough to save for this shiny new i7 920 @ 4ghz I just finished building <1 month ago.
Even worse at least here in AZ, some republicans are trying to lower the minimum wage for people under 22. So, in effect, in an area where youth discrentionary spending and construction account for much of our economy, you're going to see 20 percent increase in this age bracket's food costs (which dollar burgers are a staple of), while seeing their minimum wage (if passed) dropped from 7.25 to about 5.50.
Just wait until they use statistical models to show how this 'helped' employment, rofl. Yeah right.
Don't understimate how much this will impact people. My guess, drop BK, and add McDonalds. Whoever has the dollar menu will win more (or lose less). Margins might be worse, but you'll get the traffic.
It may not affect YOU, but such actions DO affect millions. But this isn't the sky falling, just another example of those who can afford the least, getting screwed even more. (and it won't stop there)
The worst part of the minimum wage decrease, is that there is a 3 month clause in it, which means if the employer doesn't want to pay for the increase (back to normal minimum wage) they can fire them. What a nice way to treat those who are sure to be in even more debt than you were.
Make them feel lucky to work for 5.50/hr, so much so, that they have to prove they are worth the extra money. Of course I can see some real scum bags just making a living of firing people after 3 months to keep labor costs down, regardless of performance.
Also pretty much screws any hard working hs student who is trying to save for college during the summer break (which is gasp...3 months...meaning they would all be working for slave labor every summer).
But most already are, had minimum wage kept up with inflation, it would be 25/hr now. (anyone making 25/hr or less is working for less than minimum wage....and how many would take offense to that...when in reality it's in support of them). It's because they forgot what they are worth.
But this will make you work harder. You make nothing, and are in debt. Thus you need to work harder and be more productive. Except that won't change anything.
One final thing, that 250 dollar increase for double cheeseburgers in a year, is basically a full week of working for slave labor (40-50 hrs) for these poor young suckers. So, if they work 3 months a year, roughly 1 week of that, or 1/12th of what they work for, sucked up by the increase by only 19 cents to a double cheeseburger. Small amounts add up, especially when you work for crap.
Poo-pooing the increase is just bad analysis.
The company is unveiling a 10 million (in British Pounds) program that will be spent on directly marketing the elderly drivers. The program ad says it will have up to 90 percent of no claims discounts. The ad does not say 90 percent of what.
AXA feels there is a huge opportunity in providing auto insurance to the older drivers. The later feel that the other insurance companies don't properly cater their needs. Thus, AXA, which is primarily known of it's brokerage and financial services.
The TV ad of the upcoming car insurance policy campaign shows pedestrians bashing into one another on a busy city-center pavement. A voiceover then states, ‘You wouldn't behave this way on foot, so why would you when you are driving?'
By the way, speaking of the 90 percent discount. The tagline also informs that the "disrespectful drivers" will not be given those huge discounts. This is the first time an insurance company is putting value in driving experience when it comes to elderly drivers and proposes discounts for their auto insurance policies so the latter's move from other brands to AXA.
AXA has been present in the United States since 1992.
Written by Armen Hareyan
HULIQ.COM
Je viens juste de installer ce blog pour vous faire part de mes astuces en matière d'assurance voiture sans permis and assurance jeune conducteur moto and assurance jeune conducteur moto and assurance temporaire and assurance temporaire and assurance jeune conducteur moto and assurance jeune conducteur auto...09/06/2009 Assurance malus ;-)Je vais essayer de vous expliquer au fil des discussions comment s'en sortir lorsque l'on a du malus assurances malus et qu'aucune compagnie d'assurance ne veut plus de vous...28/03/2006 Assurance malus ;-)A+
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