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Exxon sells Oct-loading Upper Zakum at highest premium in 10 mths - traders

2015-08-13 08:31:04| Chemicals - Topix.net

Aug 13 Exxon Mobil has sold a cargo of Abu Dhabi's Upper Zakum crude for October loading at the highest premium in 10 months, traders said on Thursday. The 500,000-barrel cargo was sold to a Chinese buyer at a premium of about 60 cents a barrel above its official selling price , they said.

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FMC sells pectin division to Cargill, signals concern about omega-3s business

2015-08-13 04:30:10| Chemicals - Topix.net

FMC Corporation has announced a restructuring of its pectin business in a deal with Cargill. This comes in the wake of disappointing overall earnings in the second quarter of 2015 and nutrition segment revenues that were impacted by continued slow demand for omega-3s.

Tags: business division concern signals

 
 

Mohnish Pabrai Sells Stake in Citigroup

2015-08-12 13:55:28| Steel - Topix.net

Value investor Mohnish Pabrai , managing partner of Pabrai Investment Funds, has a history of investing in out-of-favor smaller companies, but, for the first quarter in more than a year, he neither bought a new stake nor added to an existing one in his portfolio. It has been noted, however, that he tends to maintain a concentrated portfolio, typically containing fewer than two dozen stakes.

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Pearson sells 50% stake in the Economist Group

2015-08-12 11:14:05| Automakers - Topix.net

Pearson PLC has agreed to sell its 50% stake in the publisher of the Economist magazine to the unit's existing shareholders for GBP469 million in cash, the company's latest move to focus on education. Pearson on Wednesday said it would sell 27.8% of the Economist Group's ordinary shares and all of the B special shares to Exor SpA, the investment vehicle of Italy's Agnelli family, for GBP287 million.

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Pearson sells Economist Group stake

2015-08-12 08:48:13| BBC News | Business | UK Edition

Publishing group Pearson says it has agreed to sell its 50% stake in the Economist Group for 469m.

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