Andrew Williams

Andrew Williams News

  • Mitsui, Mitsubishi Buy $2 Billion Stake in Woodside Venture

    Mitsubishi Corp., Japan’s biggest trading company, and Mitsui & Co. agreed to buy a 14.7 percent stake in Woodside Petroleum Ltd.’s proposed Browse liquefied natural gas project in Australia for $2 billion.

  • Goldman Sachs, Banks Dismissed From GE Securities Lawsuit

    Goldman Sachs Group Inc. and other banks involved in General Electric Co.’s October 2008, $12 billion secondary offering won dismissal from a securities lawsuit brought by investors who claim they were misled.

  • GE’s Immelt to Remain Neutral in Presidential Campaign

    General Electric Co. Chief Executive Officer Jeffrey Immelt, who is also an outside economic adviser to President Barack Obama, is pushing back on a report that he’s disenchanted with the administration’s economic policies and privately rooting for Republican presidential hopeful Mitt Romney in this year’s election, according to a company official.

  • GE Capital Swaps Gain After Moody’s Cuts Rating Two Levels

    The cost to protect debt from General Electric Co.’s finance unit against a default rose to the most in almost a month after Moody’s Investors Service cut its credit rating by two steps.

  • Cash Hoard Grows by $187 Billion in Untaxed Overseas Profits

    U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.

  • GE Capital Swaps Rise After Moody’s Begins Rating Review on Risk

    The cost to protect debt from General Electric Co.’s finance unit against a default rose after Moody’s Investors Services said the business may receive a debt rating lower than the parent company’s because of higher risk.

  • Woodside Says Pluto Cash May Fund Buying Back Shell’s Stake

    Woodside Petroleum Ltd., Australia’s second-largest oil producer, is considering buying back Royal Dutch Shell Plc’s holding, valued at $7.7 billion, using cash from its Pluto liquefied natural gas venture.

  • GE Goes From Laggard to Leader in Swap Drop: Corporate Finance

    General Electric Co.’s finance arm is pulling away from the biggest U.S. banks in the eyes of credit traders, signaling an end to more than three years of repression for declining profits during the financial crisis.

  • Barofsky Says Criminal Charges Possible in Alleged AIG Coverup

    Neil Barofsky was unpacking boxes in December 2008 when the stench of sewage wafted through the hallways at the 168-year-old Main Treasury Building. The space assigned to him as head of the Office of the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, was shoehorned into the basement, three floors below U.S. Treasury Secretary Henry Paulson ’s offices.

  • Woodside Increases Gas Estimates at Browse as It Assesses Stake Sale

    Woodside Petroleum Ltd., Australia’s second-largest oil producer, increased the estimate for its natural gas resources in the Browse Basin as it considers the sale of a stake in a venture to liquefy the fuel for export.

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