Chevron, Texaco merger could fuel gains for Shell

Article Abstract:

Chevron Corp., the third-biggest oil company in the United States, intends to acquire Texaco Inc., the fourth-largest oil firm in the US, for $42 billion. The negotiation between Texaco and Chevron is reported to be still in the preliminary stages. Meanwhile, Shell Oil Co. is expected to benefit from the merger between Texaco and Chevron, as Texaco would have to sell as many assets as it would add when the merger progresses.

United States, Asset sales & divestitures, Petroleum and Coal Products Manufacturing, Petroleum, Chevron Corp.

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Money-losing insurance brokers to combine

Article Abstract:

Canada Brokerlink Inc of Calgary, Alberta, has agreed to merge with another money-losing insurance broker, Vector Intermediaries Inc of Toronto, Ontario. The combination will create a network of 73 offices, with about C$40 million in revenue and about C$70 million in stock market capitalization. The companies said they are merging to gain more control over costs and more leverage with insurers.

Canada, Insurance Agents & Brokers, Insurance Agencies and Brokerages, Canada Brokerlink Inc.

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