Blog

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