The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea.
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $US4.5 billion ($6.3bn) in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers.
... * Suzuki chief says he feels 'so refreshed'. * VW welcomes clarity, says cooperation now ended. * German stake worth about $3.8 bln at Friday's close (Adds Volkwagen comment, details, reaction).
Stocks are rebounding from a severe drop that mainly stemmed from worries about China's economy and a plunge in Chinese stock prices.