EU Opens Full Probe Into Exxon/Mobil Merger

Thursday, June 10, 1999
The European Union reportedly launched a full-scale probe into the proposed $87 billion merger of Exxon Corp. and Mobil Corp., citing a wide range of concerns about competition in the 15-nation EU.

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Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

 
 
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