Shell to become one company, scrap dual boards
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Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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Shell outlined a profit strategy of modest acquisitions and no buybacks. Investors sold.
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The two second-tier Linux companies will adopt common Linux software and engineering. Alas, this idea doesn't have a great history of success.
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Royal Dutch/Shell Group, ending a century-old ownership structure, will combine its parent companies in the UK and Netherlands to rebuild investor confidence after writing down its reserves four times this year.
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LONDON  - Royal Dutch/Shell said it would delay a vote on its plans to switch to a single-board structure, to June next year, after initially scheduling a ballot for April 2005.
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Dual-core processors to be considered single chip, company says.
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SunGard, which provides software and services to top financial companies, plans to spin off its disaster data recovery business into a separate publicly traded company.
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In a move that would finally separate it from the tobacco business, Loews said it planned to divest its interest in Lorillard Tobacco, the maker of Kent, Newport, Maverick and True.
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.
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After 171 years, Shell is to move its headquarters from London in a shake-up which will see it formally merged with its partner company, Royal Dutch, to create a 100 billion oil giant.
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LONDON (AP-CP) - Royal Dutch/Shell Group said today it will spend $45 billion (US) and sell up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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Novell is consolidating operations in an effort to remove overlap between its four business units. The Waltham, Mass.-based software vendor is folding its Nterprise and SuSE Linux operations into a single
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Oil firm 'loath' to confirm number Oil giant Royal Dutch Shell has told its staff that it plans to make more than 3,000 job cuts.â¦
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LONDON : Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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Oil company Royal Dutch/Shell Group plans to move to a unified corporate structure, ditching a century-old dual-ownership system blamed for contributing to a reserves overbooking scandal.
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The Royal Dutch/Shell Group of Cos., the parent company of Houston-based Shell Oil Co., plans to merge its two holding companies in a response to scandal over its downgrading of oil reserves, according to an Associated Press report on Thursday.