BP sells stake in motor oil arm Castrol for $6bn

BP has sold a 65% stake in its motor lubricant arm Castrol to US-based investment firm Stonepeak.

from BBC News https://ift.tt/Sy4kau0

Comments

Post a Comment

Popular posts from this blog

A brief recap of ‘Tampongate,’ the week’s strangest controversy on Capitol Hill

All’s well that ends well — or maybe it’s a case of much ado about nothing — in an odd dispute that roiled Capitol Hill this week: “Tampongate.” It started when Democratic Rep. Sean Patrick Maloney of New York, a candidate for New York attorney general, claimed that the Committee on House Administration has a “discriminatory policy” that bars members’ offices from buying tampons for use by female staff and visitors. The committee, led by Republicans, manages the daily operations of the House, including overseeing administrative functions. Here’s his story. “Earlier this [week], my office got an email saying that we couldn’t use our funds to buy tampons. . . . When we called out the committee that makes the rules, they denied the rule exists in the first place,” Maloney tweeted Thursday . UPDATE: earlier this wk, my office got an email saying that we couldn't use our funds to buy tampons (even though we have female constituents and staff). When we called out the committee that ...
Read more

Whatever Happened to Salt Lake City’s Manhattan Club?

Image
Michael Eccleston and Katy Willis spent months searching for a place in Salt Lake City to open an arcade-themed bar. Then a friend suggested they look at the old Manhattan Club on the corner of 400 South and Main. The 7,000-square-foot space was not only the right size and price, it also came with a built-in piece of Salt Lake City history. “We love old things and old places,” said Willis, “and one of the things we’re excited about is keeping this space as a bar.” Their Quarters Arcade Bar, expected to open in early 2018, will become the newest chapter in the colorful story of this beloved basement bar. The rich history started in 1910, when mining magnate John J. Daley built the New Grand Hotel. During its first 20 years in business, the basement hosted a rotating list of businesses, including a cafe, a bank, a bakery, a drugstore, a pool hall and a fraternal club. Since 1930, the space that extends under Main Street and today’s TRAX trains has been a bar. Initially it was the Br...
Read more