Does Hewlett-Packard split make sense? Shares of Hewlett-Packard topped analyst estimates, saying it expects lower expenses after the split. Roger Lee, Battery Ventures partner, thinks a split makes sense for the company's operations.
Iron ore inquiry a 'waste of taxpayer money': Pro Tim Schroeders, fund manager at Pengana Capital, explains why he agrees with the Australian government's decision to walk away from an inquiry into the country's iron ore sector.
BHP Billiton pays $25M to settle SEC anti-bribery complaint NEW YORK- BHP Billiton has agreed to pay $25 million to settle Securities and Exchange Commission charges that it violated anti-bribery laws by failing to have a proper system in place to prevent the risk of bribery when it paid for trips of 60 government officials to the 2008 Beijing Olympic Games. The SEC said the mining company brought 60 government...
Source: The Associated Press
UPDATE 1-U.S. SEC fines BHP Billiton $25 mln over 2008 Olympics dealings According to the SEC, BHP ultimately paid for 60 guests and some spouses and guests to attend, mainly from Africa and Asia. "BHP Billiton recognized that inviting government officials to the Olympics created a heightened risk of violating anti-corruption laws, yet the company failed to implement sufficient internal controls to address that heightened risk,"...
U.S. SEC fines BHP Billiton $25 mln over 2008 Olympics dealings May 20- BHP Billiton has agreed to pay $25 million to settle U.S. regulatory charges that it improperly sponsored the attendance of foreign government officials at the 2008 Summer Olympics in Beijing. The U.S. Securities and Exchange Commission accused BHP of violating the Foreign Corrupt Practices Act, a U.S. anti-bribery law, by enabling foreign government...
COLUMN-Shell-BG deal may be end point rather than harbinger: Russell --Clyde Russell is a Reuters columnist. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector. Ryan Lance, the chief executive of ConocoPhillips, was adamant that he didn't expect a "big M&A wave any time soon."