Boeing Co. (NYSE:BA) says that it will work jointly with LOT Polish Airlines, Polish government agencies, and academic institutions in the country to help commercial aviation in Poland to become more efficient and to support airline profitability as well. In addition, the collaboration sets up a Boeing research and development presence in Poland which will pursue other situations in which to work with Polish research and development institutions.
Caterpillar Inc. (NYSE:CAT): Senate Democrats have put forward new proposals as they try to reach a deal with House Republicans on long-term highway funding legislation, according to The Hill. At the same time, top House leaders intervened in the negotiations, so as to reach an agreement before the current stop-gap highway funding authorization expires on June 30th.
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Cisco Systems, Inc. (NASDAQ:CSCO) and SAP (NYSE:SAP) have reached a global reseller arrangement, under which SAP will offer its customers the SAP IT Process Automation application, which is a robust and flexible automation software developed by Cisco. The ap is said to deliver increased efficiency, visibility and control of IT operational processes in complex IT environments, while extending and complementing SAP solutions, increaseing the value of IT investments and reducing costs due to maintenance .
Chevron Corporation’s (NYSE:CVX) Chevron Global Energy and Kosmos (NYSE:KOS) have reached a deal, with under which Kosmos will assign 50 percent of its interest in Blocks 42 and 45, which lie offshore Suriname, to Chevron. Under the arrangement, Kosmos will retain a 50 percent working interest and remain operator of both blocks until completion of the exploration phase. For its part, Chevron will assume the remaining 50 percent working interest and will act as the development operator of any commercial discoveries.
Exxon Mobil Corp. (NYSE:XOM): The prominent oil companies of India and China are putting aside their competition, and have reached an agreement under which they will jointly explore for oil and natural gas on a worldwide basis, according to a Wall Street Journal report. This move requires that the two nations use their combined financial resources and expertise in order to obtain energy supplies.
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