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BUSINESS BRIEFS.(TO THE POINT)
ACCOUNTING
Pricewaterhouse group files IPO
PricewaterhouseCoopers will spin off its tech consulting unit, PWCC, which employs 32,000. The move comes amid harsh criticism of the accounting industry after the Enron collapse. Previously, Andersen spun off Accenture, and KPMG its KPMG Consulting unit.
Andersen settlement talks failing
Arthur Andersen and lawyers for investors suing the firm gave up on trying to settle claims related to Enron's collapse. The parties had agreed to a $300 mil settlement for shareholders and creditors against Andersen. But parties could not agree on how to split that up.
ENERGY
Enron will unveil reorganization
- Tesoro Petroleum Corp. (Biz Buzz).(closes agreement with Skyline Pacific...
- Magazine article from: Alaska Business Monthly February 1, 2003 700+ words
Tesoro Petroleum Corp. has announced that the company has closed an agreement with Skyline Pacific Properties of San Francisco to sell and lease back 30 of their retail stores in Alaska, Hawaii, Idaho and Utah.
- Tesoro Petroleum Corporation Increases CARB Production at Golden Eagle Refinery.
- Press release article from: Business Wire April 1, 2003 700+ words
...BUSINESS WIRE)--April 1, 2003 Tesoro Petroleum Corporation (NYSE:TSO...he said. Located in the San Francisco Bay area, the highly sophisticated...CARB gasoline production. Tesoro Petroleum Corporation, a Fortune 500...
- Tesoro Petroleum Meets $200 Million Asset Sale Goal Set in June.
- Press release article from: Business Wire December 31, 2002 700+ words
...WIRE)--Dec. 31, 2002 Tesoro Petroleum Corporation (NYSE:TSO...Pacific Properties located in San Francisco, Calif., and Franchise Realty...debt by the end of 2003." Tesoro Petroleum Corporation, a Fortune 500...
- Tesoro Petroleum Buys Russian Oil for U.S. West Coast.
- Newspaper article from: Knight Ridder/Tribune Business News April 18, 2003 700+ words
...Tribune Business News Apr. 18--Tesoro Petroleum Corp. -- on the hunt for cheaper...barrel-per-day refinery in the San Francisco Bay area and its 95,000-barrel...take about 45 days. "To end up in San Francisco -- that's a long way to go," said...
- Tesoro Petroleum Suffers Worse-than-Expected Loss in Third Quarter.
- Newspaper article from: Knight Ridder/Tribune Business News November 8, 2002 700+ words
...News Knight Ridder/Tribune Business News Nov. 8--Tesoro Petroleum Corp. said Thursday it suffered a worse-than-expected...refineries and related assets from BP for $677 million and a San Francisco Bay Area plant from locally based Valero Energy Corp. for...
- Tesoro Petroleum Completes Last Sale to Help Cut Debt.
- Newspaper article from: San Antonio Express-News (San Antonio, Texas) (via Knight-Ridder/Tribune Business News) December 27, 2002 700+ words
...Jefferson Dec. 27--As it closes out a hectic year, Tesoro Petroleum Corp. completed the last of several asset sales, keeping...Tesoro's debt ballooned in May with the purchase of a San Francisco Bay-area refinery, which it bought from cross-town...
- Tesoro Petroleum Lays Off 125 Western U.S. Workers.
- Newspaper article from: San Antonio Express-News (San Antonio, Texas) (via Knight-Ridder/Tribune Business News) September 6, 2002 700+ words
Byline: Greg Jefferson Sep. 6--Tesoro Petroleum Corp. of San Antonio has cut 125 positions in the western...increased its debt with the $1.08 billion acquisition of a San Francisco Bay-area refinery in May. It also bought two refineries...
- Tesoro Petroleum Makes Move to Reduce Heavy Debt.
- Newspaper article from: Knight Ridder/Tribune Business News April 3, 2003 700+ words
...News Knight Ridder/Tribune Business News Apr. 3--Tesoro Petroleum Corp. announced Wednesday that it will make a $400 million...he said. The company's acquisition last year of a San Francisco Bay Area refinery, among others, deepened its debt in...