Posts From King World News

Chevron says no production impact from US Gulf storm

Chevron Corp has evacuated some workers not essential to oil production from its Gulf of Mexico operations as a low-pressure storm system moves through the basin, but output has not been affected, the company said on Monday. Royal Dutch Shell on Monday said it was still evacuating so-called non-essential workers ahead of the storm, such as cooks and maids, with no production impact from the weather. Chevron is the No.

Saks owner buys Germany's Kaufhof chain for $3.2 billion

By Matthias Inverardi DUESSELDORF, Germany (Reuters) – Hudson’s Bay Co is buying Germany’s leading department store chain, Kaufhof, from Metro for 2.8 billion euros ($3.2 billion), giving the Saks owner a launch pad to expand into Europe. The deal, the largest German inbound M&A this year, comes as department stores start to enjoy a revival by investing in ecommerce in tandem with revamped flagship stores. Hudson’s Bay, whose shares rose