DuPont's move to shed Conoco might benefit from BP's deal

Article Abstract:

DuPont wants to sell Conoco and British Petroleum's offer to buy Amoco for $48 billion might be what DuPont needs to attract buyers for Conoco. The company plans to take Conoco public, selling 20% stake in October 1998. After the offering, the company may sell or spin off the rest of the shares in Conoco. With the company's earnings declining, the company hopes to get out of the energy business. Analysts estimate Conoco to be worth $20 billion to $25 billion and according to them if DuPont gets a good offer for the unit, its stock could jump 10% to 15%.

Comment:

Wants to sell Conoco

Asset sales & divestitures, Chemicals & Allied Products, Chemical Manufacturing, Petroleum, Petroleum and Coal Products Manufacturing, Chemicals, E.I. du Pont de Nemours and Co., Conoco Inc., Article

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Business woes blunt Halliburton's Iraq benefit

Article Abstract:

Halliburton Co. continues to struggle in its oil services and asbestos operations, amidst the company's lucrative and controversial government contracts in Iraq. Halliburton is being plagued by asbestos litigation and joint venture problems.

Petroleum services industry, Halliburton Co., HAL, Asbestos industry

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Joining film fight, Hungary tries to go Hollywood: nation of film pioneers wants to lure movies; Vin Diesel in Prague; tax incentives for Scrooge

Article Abstract:

Hungarians have a long tradition of involvement in the movie industry. Now Andrew Vajna is leading Hungary's return to film prominence, as he lures foreign movie projects with low costs and possible tax breaks.

Europe, Strategy & planning, Hungary, MOTION PICTURES, Motion Picture and Video Industries, Planning, International aspects, Motion picture industry, Movie industry, Growth, Company business planning, Company growth, Vajna, Andrew

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