Midtier exploration and production companies live or die on oil prices as they don’t have side businesses like refining and processing to insulate them. Tullow Oil PLC is one of the ones currently suffering.
Chinese private-equity firm Hopu Investment Management is among investors putting a total of just over $1 billion into Xiaomi in a deal valuing the smartphone maker at over $45 billion, according to a person familiar with the situation.
The Bundesbank is now powerless to stop the eurozone’s debts becoming mutualized on the ECB’s balance sheet. But acquiescing might secure for Germany some degree of control over surrender terms, says Simon Nixon.
An FDA rebuke of televised comments made by Aegerion’s CEO—which led the company to air a TV commercial correcting the statements—was prompted by complaints from a government drug reviewer, according to emails viewed by The Wall Street Journal.