Word: bp
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...companies are piling in. In addition to the Conoco deal, Britain's BP is investing a whopping $7 billion in a joint venture that controls huge fields in western Siberia, and in September France's Total agreed to pay $1 billion for a 25% stake in Novatek, Russia's largest private gas producer. Many other companies, including ChevronTexaco, PetroCanada and Norway's Statoil, are trying to get a foothold. All three recently signed preliminary agreements to work with state-controlled Gazprom, an oil-and-gas behemoth in which Germany power company E.On holds a 6% stake. There is widespread speculation...
...Popular Demand Shares in PKO BP, Poland's largest bank, climbed almost 20% in their first day trading after the government floated a 38.5% stake in the business. The privatization was Poland's largest in several years...
...January of this year, BP Amoco sold its $1.65 billion stake in PetroChina. The move came on the heels of a four-year campaign by black churches and human rights groups in the U.S. to boycott Amoco stations in protest of BP’s links to Sudan—although BP’s decision to drop the shares was likely made due to economic considerations and not humanitarian concerns...
...people drank beer, ate bratwurst and--for almost five hours--blocked a road into neighboring Austria. Their target: the high price of gasoline in Germany, which, thanks to taxes, is about 20% more expensive than in Austria. Every day an estimated 2,000 German motorists fill up at a BP station across the border in Austria--at the expense of the 17 stations in Passau...
...Obviously at first there was trepidation and anxiety, but people enjoy the variety," says Pat Murphy, a quality assurance engineer who joined Guinness 25 years ago as a carpenter's assistant. To monitor how people adapted, Guinness hired consultant Paul Williams, who has also worked for Microsoft and BP. Two days a week, Williams is free to wander the brewery, posing provocative questions. When a brewer says that he feels loyal to Guinness, for example, Williams asks whether he would still feel loyal if the company cut his salary in half - in order to challenge staff allegiances to that...