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BP taps Ericsson's Carl-Henric Svanberg (from Corporate Dealmaker)

Surprising onlookers, and what The Associated Press calls a move that caught the financial district off guard, BP plc (NYSE:BP) named Sony Ericsson's Carl-Henric Svanberg (pictured) as its chairman. BP has been looking for a new one for about two years now.Former Rio Tinto plc (NYSE:RTP) chairman Paul Skinner was...

Posted on June 25, 2009 12:58 PM

Falling oil prices pressure recent energy deals (from Corporate Dealmaker)

Oil prices sat well above $100 per barrel for months, prompting a skein of deals based on higher (though not necessarily peak) prices. In July The Deal's Claire Poole pointed to several such deals. "I don't see the price of oil sinking below $100, except for a depression," Michael...

Posted on October 16, 2008 1:20 PM

Battle for TNK-BP continues as CFO resigns (from Corporate Dealmaker)

BP plc's troubled Russian joint venture, TNK-BP, just lost its CFO. James Owen tendered his resignation to CEO Robert Dudley on August 4, citing an inability to continue working independently as shareholder issues remain unresolved. In mid-July, BP's Russian counterparts made public their intention to buy out the 50% of...

Posted on August 4, 2008 3:47 PM

On eve of Exxon vote, a look at other big oil alt energy investments (from Corporate Dealmaker)

Should ExxonMobil Corp. separate its chairman and CEO positions and invest more in alternative energy projects? These questions will come to a vote at the company's shareholder meeting tomorrow. Members of the Rockefeller family, plus 19 institutional investors -- including some of ExxonMobil's largest share owners, with more than $740...

Posted on May 27, 2008 8:45 AM