Andrew Williams News
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The fastest revenue growth in the oil industry is putting Papua New Guinea’s Oil Search Ltd. in line for another record -- Asia’s largest energy takeover.
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Saks Inc. hired Goldman Sachs Group Inc. to explore strategic alternatives, including a sale of the company, said two people with knowledge of the matter.
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Goldman Sachs Group Inc. shareholders should vote against the bank’s executive-pay plan, proxy- advisory firm Glass Lewis & Co. said, while ISS Proxy Advisory Services USA supported the program.
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East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for a Woodside Petroleum Ltd. project, Deutsche Bank AG said.
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Senex Energy Ltd., Asia’s worst gas exploration stock in the past year, is rebounding after Chevron Corp.’s investment in an Australian shale competitor stoked optimism that it may be the next target.
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, hired Andrew Williams, a former U.S. Treasury Department spokesman, for its corporate communications unit, said two people familiar with the matter.
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Woodside Petroleum Ltd., Australia’s second-largest oil producer, scrapped a plan to build a $46 billion onshore liquefied natural gas project on the nation’s northern coastline because of surging costs.
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The U.S. Supreme Court signaled it may tighten the time limits that apply when the Securities and Exchange Commission and other government agencies seek to impose fines on people and companies accused of fraud.
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Bank of America Corp., which has received $45 billion in taxpayer commitments, is still being run by CEO Ken Lewis, even after shareholders stripped him of his board chairmanship in a vote last month.
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Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said full-year profit almost doubled, driven by the A$15 billion ($15.5 billion) Pluto liquefied natural gas project.
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