ABUJA, April 19 (Reuters) - Nigeria's NNPC Ltd and its local joint venture partner, First E&P, have commenced production at OML 85 and achieved 20,000 barrels per day (bps) output, the state-oil firm said in a statement on Friday. OML 85 was one of two blocks sold to First Exploration and Petroleum Development Company Limited (First E&P) in 2015 by...

03:02 PM EDT, 04/19/2024 (MT Newswires) -- Kaman ( KAMN ) said Friday Arcline Investment Management has completed its acquisition in an all-cash deal valued at around $1.8 billion. Kaman ( KAMN ) shareholders will get $46 per share in cash. Kaman's ( KAMN ) common stock has ceased trading on the New York Stock Exchange and will be delisted....

03:16 PM EDT, 04/19/2024 (MT Newswires) -- (Updates with details.) Banking regulators are looking to revive a proposal that would require big banks to defer executive compensation and allow them to dock more of their bonuses if losses mount, the Wall Street Journal reported, citing people familiar with the matter. Officials from the Federal Deposit Insurance Corp., the Office of...

NEW YORK (Reuters) - Key Tesla customer PepsiCo ( PEP ) made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according to the food-and-drinks maker and one of its executives with knowledge of the deal, PepsiCo ( PEP ) was...