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Reuters News accounts for only 6 percent of sales but Smith said it remained a key part of the business under Michael Friedenberg, who joined the company on Monday as president of its news and media operations rose gold cufflinks uk online. “We believe he can make Reuters News an even greater part of our growth story going forward,” Smith said. Thomson Reuters set a target to reduce its capital expenditure to between 7 percent and 8 percent of revenue in 2020 from 10 percent currently. The company has set aside $2 billion of the $17 billion proceeds from the Blackstone deal to make purchases to help grow its legal and tax businesses..
BERLIN (Reuters) – Beiersdorf (BEIG.DE), the maker of Nivea skin creams, is shaking up its top management team when new chief executive Stefan De Loecker takes over on Jan. 1, poaching managers from rivals Procter & Gamble (PG.N) and Reckitt Benckiser (RB.L) rose gold cufflinks uk online. Beiersdorf said Asim Naseer, P&G global marketing director for skin care, would take over as head of consumer brands from Jan. 1, replacing Ralph Gusko, who continues his responsibility for Asia Pacific for now but will leave by the end of 2019..
Ramon Mirt, who headed Reckitt Benckiser’s business in central and eastern Europe, will take charge of the Near East and Americas regions for Beiersdorf in March, the firm said. “We welcome Asim Naseer and Ramon A. Mirt and their rich expertise. They will help Beiersdorf further deepen its commitment to international diversity and being closest to markets and consumers,” said chairman Reinhard Poellath rose gold cufflinks uk online. Beiersdorf announced in October that deputy CEO De Loecker, a 51-year-old from Belgium, would take over from Stefan Heidenreich on Jan. 1, with a mandate to make the company more digitally savvy and expand internationally..
LONDON (Reuters) – Exxon Mobil (XOM.N) and Chevron (CVX.N) are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S rose gold cufflinks uk online. majors from the former Soviet state after 25 years as they re-focus on domestic production. Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea, according to industry sources. Rival Chevron said in a statement to Reuters it had also decided to launch the sale of its 9.57 percent stake in ACG as well as its 8.9 percent interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline..
Exxon spokeswoman Julie King declined to comment, saying “we don’t comment on market rumors or speculation”. A spokesman for Azerbaijan’s state energy company Socar said: “The report is about Exxon and there is no need for Socar to get involved.”. For both companies, the sale would mark the end of a 25-year involvement. Exxon and Chevron were among five U.S rose gold cufflinks uk online. oil companies that helped create Azerbaijan’s current oil industry soon after the collapse of the Soviet Union, and acquiring a stake in ACG in 1994..