Equity

Statoil, the Norwegian energy giant, has developed a project to make profitable the huge investment in the Johan Sverdrup field in the North Sea, even if the price of a barrel of oil falls to $ 25, "The situation we’ve been in for the last two years, where we need to find smarter solutions, spurs creativity," Mr. Nylund, Statoil’s head of Norwegian operations, told The Wall Street Journal. The plan is followed with great attention by the domestic energy that is trying to adapt to the low prices of crude oil. In short, it is the traditional manufacturers to launch the competitive challenge in the alternative ones.

Kobe Bryant, former NBA basketball star, after retiring from the world of sport, dedicated to finance. Together with the entrepreneur Jeff Stibel, he shares a venture capital fund of 100 million dollars.

As he told the Wall Street Journal, Bryant and Stibel have decided to officially launch their investment vehicle dedicated to the tech industry companies, media and data management only after the withdrawal of Kobe. In fact, the fund, based in Los Angeles, has been running since 2013, so as to have invested in a dozen companies.

Volkswagen has reached an agreement with the two suppliers CarTim and Es Automobilguss, who had suspended deliveries forcing the automotive group to stop the production of Golf and Passat.
The group had been charged by the supplier to have canceled the contracts without cause or notice and refusing to compensate them. Volkswagen however, had asked to reduce costs in order to remain competitive, after the allocations decided to cope with fixing scandal emissions.
"The manufacturing sites involved – VW announced in a press – are gradually preparing itself to resume production."

Pfizer reached an agreement for the acquisition of Medivation, one of the leading companies in the biotech sector in the fight against cancer, for around $ 14 billion. Pfizer is willing to pay $ 81.50 per share, a 21% premium based on the closing Medivation of Friday’s session.

The agreement comes after months from the start of negotiations and demand for Medivation, one of the most courted independent biotech companies in the world as it specializes in the sale of a drug against prostate cancer.

Negative rates on current accounts are making new fans: after the example of Raiffeisen Gmund, even the Royal Bank of Scotland, under pressure to the expansionary monetary policy of the Bank of England, will impose rates below zero on some types deposit.

From today, some large customers of the investment banking division will no longer maintain free cash as collateral in their accounts: a move that will result in a withdrawal for about 70 customers of the bank, owned by the British state for 73%. No change, at present, fot other accounts, personal and business.

Uber enters the unmanned car’s potential market. The private taxi service operated via app opens in the USA, in Pittsburgh, the first fleet of black cars to autonomous driving. For the marked car sharing, it will be a novelty, because so far had been groups such as Google, Apple, Fiat and Ford have attempted to innovate.

It does with Volvo, although the agreement is not exclusive, and at least in this first phase a "human" controller will oversee the journey sitting in the driving seat.

Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions.

According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.

With an increase of more than 25% since the beginning of the year, gold has continued to climb and will probably not stop there.