Soma Oil & Gas Exploration Ltd., a U.K.-based company focused on Somalia, plans to invest about $20 million to survey the African nation rebuilding from decades of war, Chief Executive Officer Robert Sheppard said.
Cisco Systems Inc. faces a backlash in China, where it generates about $2 billion in annual sales, after state-run media said the company poses a security threat and urged a shift toward domestic suppliers.
Ruckus Wireless Inc., a maker of wireless-networking equipment, is working with Morgan Stanley and Goldman Sachs Group Inc. ahead of a possible initial public offering, said a person with knowledge of the matter.
Gordon Brown said he is willing to resign as British prime minister and leader of the Labour Party, clearing the way for talks with the Liberal Democrats on forming a government. Here are some of the key events of Labour’s time in office.
Exxon Mobil Corp., the U.S. oil company that helped engineer a 48 percent production increase from Iraq’s West Qurna field in one year, risks a backlash from that nation’s central government by signing exploration deals with semi-autonomous Kurds.
Iraq, after eight years of occupation by American troops, is luring U.S. hotel operators and developers betting on growth from business expansion and an eventual pickup in leisure travel to the war-torn region.