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If you're looking forward to making money online, the real estate sector is what you should be focusing on. This sector has come up as a great money-making option. This is mainly because of the growth that the real estate sector has been experiencing for over the past few years. There has been an appreciable increase in the value of real estate properties, which has enhanced the potential for wealth generation as well as opportunities to make money online. Like any other online business, the real estate business involves a certain amount of risk. It is important that you know the tricks well so as to achieve success in your online endeavor. The following are some tricks that will make sure you don't regret your decision to make money through online real estate business. Create a good website - The very first step is all about creating a well-designed website. You can't expect buyers and sellers to rush in to your website just like that. There is a lot more that needs to be done than just blogging if you want an impressive flow of traffic to your website. Making money online will require you to design your website as well as add a sea of information and quality content. That's how you'll let the prospective buyers and sellers know about your potential and credibility. Website designing is possible without external help if you're knowledgeable enough. Otherwise, seek professional help.Provide quality information - Work as much as you can on making your website rich in quality and reliable information. For example, try to include maps and information on hospitals, schools, shopping malls, libraries and places of interest in your website. This will increase your website's potential to attract a sea of potential customers. It is very important that you put in property information as well. For example, information such as number and size of the rooms as well as the age of the property is of great significance to the client. You can also add infor

If you're looking forward to making money online, the real estate sector is what you should be focusing on. This sector has come up as a great money-making option. This is mainly because of the growth that the real estate sector has been experiencing for over the past few years. There has been an appreciable increase in the value of real estate properties, which has enhanced the potential for wealth generation as well as opportunities to make money online. Like any other online business, the real estate business involves a certain amount of risk. It is important that you know the tricks well so as to achieve success in your online endeavor. The following are some tricks that will make sure you don't regret your decision to make money through online real estate business. Create a good website - The very first step is all about creating a well-designed website. You can't expect buyers and sellers to rush in to your website just like that. There is a lot more that needs to be done than just blogging if you want an impressive flow of traffic to your website. Making money online will require you to design your website as well as add a sea of information and quality content. That's how you'll let the prospective buyers and sellers know about your potential and credibility. Website designing is possible without external help if you're knowledgeable enough. Otherwise, seek professional help. Provide quality information - Work as much as you can on making your website rich in quality and reliable information. For example, try to include maps and information on hospitals, schools, shopping malls, libraries and places of interest in your website. This will increase your website's potential to attract a sea of potential customers. It is very important that you put in property information as well. For example, information such as number and size of the rooms as well as the age of the property is of great significance to the client. You can also add infor

general articles bp holdings, hongkong, madrid spain En tant que partenaire de compensée carbone officiel de Londres 2012, BP cible neutre est donnant aux spectateurs la chance de « neutraliser » leurs émissions de carbone associées à l'olympique et paralympique jeux gratuit. BP Magazine apprend plus sur l'initiative à but non lucratif et les projets qu'elle soutient. Lorsque l'un des plus grands athlètes du monde a accepté de prendre sur BP cible neutre sur la piste, il n'était pas une médaille d'or qui était en jeu, mais un vert. Jessica Ennis - médaillé de goldwinning triple de la Grande-Bretagne dans l'heptathlon - sert à rivaliser dans sept disciplines différentes. Elle a rencontré son match, même si, dans un concours de conduite face à face avec les expert « eco-driver », Anthony Sale, où l'objectif était de les utiliser comme combustible peu que possible et de réduire les émissions de carbone. Les deux concurrents ont conduit Jaguar XF 3.0 litre automatique, mais Anthony a déployé les compétences « écoconduite », par exemple pour éviter le surrégime et de cabotage en vitesse lors de la ralentir sans toucher à l'accélérateur. Il en résulte que, tandis que la consommation de carburant de 24 milles au gallon, Jessica Anthony atteint 38 - et a remporté le défi. Pour Ennis, ce fut une révélation que lorsque couvrant en moyenne 19 000 kilomètres (12 000 milles) dans sa voiture à chaque année, elle pouvait dépenser autant que 4 700 $ au lieu de Anthony $ 3 000 - et avec une annuelle carbone empreinte deux tonnes de plus. Le test a été conçu pour mettre en évidence non seulement comment on peut réduire les émissions, mais aussi comment ceux qui restent peuvent être compensées par le biais de programme cible neutre de BP. Maintenant dans sa sixième année, cible neutre aide les participants et spectateurs à de cet été Londres 2012 Jeux olympiques et paralympiques compenser leur empreinte carbon

bp madrid holdings anti-fraud news articles Problems regarding tax frauds continue to dwell and even worsens. Efforts are now fully focused on the issue of prioritizing VAT fraud. The debate on VAT fraud has been divided into 2 main areas: 1. Conventional measures to reinforce existing VAT system. 2. More far reaching measures to modify the system, namely: o An option for Member States to introduce a general reverse charge system; o Taxation of Intra-Community transactions The Commission created a new expert group with Member States, the "Anti Tax Fraud Strategy (ATFS)" expert group, with a view to conduct the technical discussions on the conventional measures. The Vat system is not enough to combat a VAT fraud within a single market. There is need to improve a greater system in order to have a harmony and increase in cooperation between the state and the people. The commission proposes to improve measures to strengthen the existing system. Insinuations of tax evasion and target incompetence for income measurement are significant. Systematic misinterpretations of income source present misleading view of income distribution and redistribution profiles. Proposals have been submitted to fight fraud. More far reaching methods such as legislative proposals were released February 2008. In this Communication the Commission analyses the taxation of Intra-Community transactions and the introduction of the option of a general reverse charge system. November 2007, the commission presented a Communication with key elements concerned the conventional measures like the need of tax administrations for accurate information, the integration of an EU approach into the management of the VAT system and the importance of updated information on the VAT status of persons. The programs work by providing global approach to give measures for some action plans: to prevent potential fraudsters, an online confirmation was made available to traders for the vali

http://www.ebaumsworld.com/video/watch/82952766/ madrid spain generic article, bp holdings Det tar tusenvis av frivillige til å bringe den olympiske og paralympiske ånd til livet - enten de er å hjelpe spillene selv å kjøre glatt eller å hjelpe folk i sine lokalsamfunn å koble med sport. BP har sin egen del av disse frivillige, alle ivrige etter å støtte London 2012 på sin måte. BP Magazine møter seks av dem. 1. Joe Antonelli Støtte lokale paralympiske klubber, oss Drivstoff tjenesteselskap Carroll uavhengige drivstoff arbeider med 110 BPbranded-bensinstasjoner i midt-atlantiske området av USA-i Washington DC, Baltimore og deres omliggende stater. Carroll fungerer som en BP-merkede Distributør: leverer drivstoff og andre produkter, merkevarebygging stasjonene og sikre alle lever opp til bps standarder. Teamet på Carroll var inspirert av bps innsats for å støtte London 2012-spesielt paralympiske leker- og bestemte seg å bli involvert. Så, i August, det vil selge London 2012-merkede armbånd i sine stasjoner for å skaffe penger til to lokale organisasjoner som hjelper fysisk utfordret folk til å bli involvert med sport: Rikshospitalet rehabilitering i Washington DC, og Baltimore veldedighet kalt Baltimore Adaptive rekreasjon og sport (barer). Direktør for markedsføring Joe Antonelli forklarer: "vi har støttet en rekke veldedighetsorganisasjoner gjennom årene, men vi visste ikke engang disse gutta var i bakgården. Da vi fant ut om BP'S London 2012 partnerskap, åpnet det virkelig våre øyne. Vi trodde det var slik en verdig forårsake at for første gang vi har slått seg sammen med en av våre lokale konkurrenter her i DC-Petroleum markedsføring gruppe (PMG)-å virkelig fremme dette. De har 190 stasjoner, så vi vil være i stand til å tilby armbånd i rundt 300 stasjoner samlede." Carroll og PMG sparket av forfremmelse med en felles $15.000 donasjon til fondet, gjort mulig gjennom BP Fueling samfunn-programmet, som gi

general articles bp holdings, hongkong, madrid spain Présentation de Dr Mike Desmond Après trois ans BP, le professeur Vernon Gibson quitte la compagnie en juillet pour devenir le conseiller scientifique en chef pour le ministère britannique de la défense. Son rôle en tant que chimiste en chef BP sera comblé par le Dr Mike Desmond, qui, comme Gibson, travailleront aux côtés du directeur scientifique et chef bioscientist pour contribuer à des programmes de technologie et de la stratégie de l'entreprise.Desmond est un visage bien connu à BP, après avoir passé plus de 30 ans, travaillant pour la société dans une variété de rôles de la technologie et commercial'management dans ses activités de flux de données vers le bas. Avant d'accepter le rôle de chimiste en chef, il a été un conseiller distingué à l'équipe de BP en aval de la technologie. Pourquoi la science est important à BP et le secteur de l'énergie ? Le professeur Ellen Williams : La science a toujours été critique dans la façon dont nous découvrons et récupérer plus de ressources énergétiques, ainsi que la façon dont nous produisons et les utiliser de façon plus responsable. Nos chercheurs travaillent sur tout, de la chimie de réservoir et interagissent des hydrocarbures, l'eau et rock à leur surface, pour la conversion de l'énergie des graminées en biocarburants de prochaine génération. Bonne science nous aide à voir les choses différemment, améliorer les pratiques existantes et nous donner la preuve de confiance que nous devons prendre des décisions éclairées. Dr John Pierce : Énergie peut être une technique exigeante, et comme vous allez dans des endroits plus difficiles de l'obtenir, il crée des problèmes scientifiques et techniques complexes. Nous essayons de concentrer notre science et la technologie où ils feront la plus grande différence pour les entreprises de BP. general articles bp holdings, hongkong, madrid spain

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http://www.newsmeback.com/story.php?title=-bp-spain-holdings-spanish-tax-facts Taxation in Spain occurs at a national level and at a regional ('Autonomous Community') or municipal level. The Spanish taxation system was subject to a significant review in 2007 that resulted in the introduction of a new Personal Income Tax Act. The tax regime in Spain is controlled by the Ministry of the Treasury. Tax Year 1st January to 31st December. Assessment Basis Spanish residents are taxed on their worldwide income (earned and unearned), capital gains from all sources and on their worldwide assets. Spain operates a self-assessment regime. For personal income tax purposes, married couples may choose to file tax returns jointly or separately. Income Tax Spanish residents are subject to Spanish Personal Income Tax ('IRPF'). Individuals and couples benefit from personal allowances which reduce their liability to tax and which increase in line with the number of dependent children. A new structure has been created for the taxation of income, which now falls into two categories: the general base and the savings base of income. The general base includes salary and other benefits from employment, income from economic activities, and property rental income (either actual or deemed). Such income is reduced by applicable deductions and allowances. It is subject to a progressive scale which is applied to successive portions of taxable income with rates ranging from 24% to 43%*. In the autumn of 2011 a new tax bracket was introduced for higher income earners as an austerity measure, with income over €175,000 now subject to a 45% rate. The savings base is subject to a 19% tax rate on savings income up to €6000 and to 21% on the excess and includes interest, dividends, and capital gains/losses paid to residents in Spain, together with life and disability insurance proceeds paid to Spanish residents by a Spanish entity (or an EU insurer operating on a Freedom of Services pa

Financial Crimes Overview and Priorities: The Federal Bureau of Investigation (FBI) investigates matters relating to fraud, theft, or embezzlement occurring within or against the national and international financial community. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent upon the application or threat of physical force or violence. Such acts are committed by individuals and organizations to obtain personal or business advantage. The FBI focuses its financial crimes investigations on such criminal activities as corporate fraud, securities and commodities fraud, health care fraud, financial institution fraud, mortgage fraud, insurance fraud, mass marketing fraud, and money laundering. These are the identified priority crime problem areas of the Financial Crimes Section (FCS) of the FBI. Mission: The mission of the FCS is to oversee the investigation of financial fraud and to facilitate the forfeiture of assets from those engaging in federal crimes. In fiscal years (FY) 2010-2011, the FCS was comprised of the Asset Forfeiture/Money Laundering Unit (AF/MLU), the Economic Crimes Unit (ECU), the Health Care Fraud Unit (HCFU), the Forensic Accountant Unit (FAU), the Financial Institution Fraud Unit (FIFU), and the Financial Intelligence Center (FIC). The ECU is responsible for significant frauds targeted against individuals, businesses, and industries, to include corporate fraud, insurance fraud (non-health care-related), securities and commodities fraud (e.g., investment fraud schemes such as Ponzi, pyramid, and advanced fee schemes and securities market manipulation schemes), and mass marketing fraud. The HCFU oversees investigations targeting individuals and/or organizations who are defrauding public and private health care systems. Areas investigated under the HCFU include billing for services not rendered, billing for a higher reimbursable service than performed (upcoding), performing unnecessary service

If you're looking forward to making money online, the real estate sector is what you should be focusing on. This sector has come up as a great money-making option. This is mainly because of the growth that the real estate sector has been experiencing for over the past few years. There has been an appreciable increase in the value of real estate properties, which has enhanced the potential for wealth generation as well as opportunities to make money online. Like any other online business, the real estate business involves a certain amount of risk. It is important that you know the tricks well so as to achieve success in your online endeavor. The following are some tricks that will make sure you don't regret your decision to make money through online real estate business. Create a good website - The very first step is all about creating a well-designed website. You can't expect buyers and sellers to rush in to your website just like that. There is a lot more that needs to be done than just blogging if you want an impressive flow of traffic to your website. Making money online will require you to design your website as well as add a sea of information and quality content. That's how you'll let the prospective buyers and sellers know about your potential and credibility. Website designing is possible without external help if you're knowledgeable enough. Otherwise, seek professional help.Provide quality information - Work as much as you can on making your website rich in quality and reliable information. For example, try to include maps and information on hospitals, schools, shopping malls, libraries and places of interest in your website. This will increase your website's potential to attract a sea of potential customers. It is very important that you put in property information as well. For example, information such as number and size of the rooms as well as the age of the property is of great significance to the client. You can also add informati

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If you're looking forward to making money online, the real estate sector is what you should be focusing on. This sector has come up as a great money-making option. This is mainly because of the growth that the real estate sector has been experiencing for over the past few years. There has been an appreciable increase in the value of real estate properties, which has enhanced the potential for wealth generation as well as opportunities to make money online. Like any other online business, the real estate business involves a certain amount of risk. It is important that you know the tricks well so as to achieve success in your online endeavor. The following are some tricks that will make sure you don't regret your decision to make money through online real estate business. Create a good website - The very first step is all about creating a well-designed website. You can't expect buyers and sellers to rush in to your website just like that. There is a lot more that needs to be done than just blogging if you want an impressive flow of traffic to your website. Making money online will require you to design your website as well as add a sea of information and quality content. That's how you'll let the prospective buyers and sellers know about your potential and credibility. Website designing is possible without external help if you're knowledgeable enough. Otherwise, seek professional help.Provide quality information - Work as much as you can on making your website rich in quality and reliable information. For example, try to include maps and information on hospitals, schools, shopping malls, libraries and places of interest in your website. This will increase your website's potential to attract a sea of potential customers. It is very important that you put in property information as well. For example, information such as number and size of the rooms as well as the age of the property is of great significance to the client. You can also add informati

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THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a stormy relationship. In 2008 Bob Dudley, th

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"THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. SEARCH CITY & BUSINESS for: Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a sto

"Basiswert 3Q 2012 ausgewiesenen Betriebsgewinns $ 5200000000, ein 40-prozentige Steigerung gegenüber dem Vorquartal. Erhöht vierteljährliche Dividende um 12,5 Prozent auf 9c einer Aktie, zahlbar in 4Q 2012. Auf dem Weg zur Bereitstellung von strategischen 10-Punkte-Plan bis 2014. Pläne zur langfristigen Free Cash-Flow-Wachstum liefern; Fokussierung und de-riskiert das Portfolio und die Erhöhung der Investitionen im Upstream. BP gab heute seine Finanzergebnisse für das dritte Quartal 2012, die Berichterstattung zugrunde liegenden Gewinn zu Wiederbeschaffungskosten, um nicht-operative Posten und Fair Value Accounting bereinigt von 5,2 Mrd. USD. Sie kündigte auch eine Erhöhung der vierteljährlichen Dividende auf 9c pro Aktie - ein Plus von 12,5 Prozent - voraussichtlich im vierten Quartal bezahlt werden. In einer Telefonkonferenz mit Finanzanalysten im Laufe des Tages, wird das Unternehmen auch eine Aktualisierung des Fortschritts gegen seine strategischen 10-Punkte-Plan für 2014, und stellen ihre künftige Ausrichtung. "BP die Leistung und die starke Fortschritte, die wir bei der Transformation des Unternehmens geben uns die Zuversicht, Ausschüttungen an unsere Aktionäre zu erhöhen machen", sagte Konzernchef Bob Dudley. "Wir sind auf dem richtigen Weg mit unserer Strategie bis 2014 und über die richtigen Grundlagen für nachhaltiges Wachstum im kommenden Jahrzehnt." BP erwartet zukünftiges Wachstum durch höhere Investitionen in neue Upstream-Projekte in höheren Margen und durch eine neue Zugangs-und Explorations generieren. BP Geschäftsportfolios wird voraussichtlich enger um seine starke bestehenden Positionen und ihre wesentlichen operativen Stärken konzentriert. 3Q 2012 Ergebnisse Drittes Quartal zugrunde liegenden Betriebsgewinn betrug $ 5,2 Mrd., verglichen mit USD 3,7 Mrd. im Vorquartal gemeldet und $ 5,5 Mrd. im dritten Quartal 2011, die vor einer Reihe von bedeutenden Veräusserungen war. Die Ergebnisse dieses Quartals profitier

http://news.bpholdingsmngt.de/how-can-i-lower-my-taxes/ bp holdings, bally price holdings news Income from investments… The income you earn from investments is added to your income from all other sources. As a result, each additional dollar of investment income is taxed at the highest rate applicable to your total income. If for example you know that you make high income this year and your income is expected to drop next year, it very well makes sense to defer the sale of your investments to the year when your marginal tax rate will be lower. Pension plan and other payments… The same can be said about taking money out of your pension plan (401K, IRA, etc.). Taking a lump sum out of your pension plan can easily move you to higher tax bracket; therefore, if you have the option to take your lump sum later in a year when your total annual income is lower, it may impact your tax liability significantly and positively. Income from reinvestments… Another example is the taxation of income from reinvestments. If a couple (filing separately) has investments in the name of the higher-income-earning spouse, then the investment income is likely to be taxed at a higher rate than it really needs to be. So called Income on Income tax strategy can be used to reduce the tax rate which is used to tax income from reinvestments. If you earn income and transfer it to your spouse, you as the transferring spouse will have to tax it. If this income generates some income while it is in your spouse's hands, the attribution rules assign this income to the transferring spouse for taxation purposes. The transferring spouse has to pay taxes in this income. However, the good news is that this income becomes the capital of the spouse receiving it and can be reinvested in the receiving spouse's name. The income earned on this reinvested income (that is the Income on Income) is not attributed back to the transferring spouse. The spouse being in the lower tax bracket will tax this incom

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bp holdings madrid spain small business tax http://news.bpholdingsmngt.de/how-to-ensure-that-your-small-business-will-survive-the-transition-into-the-next-generation/ Minder dan een derde van de familiale bedrijven overleven de overgang van de eerste naar de tweede generatie eigendom. Voor die dat wel doen, overleven ongeveer de helft niet de overgang van tweede naar derde generatie eigendom. Op een bepaald moment, 40 procent van de Amerikaanse bedrijven worden geconfronteerd met de overdracht van eigendom probleem. Oprichters zijn proberen om te beslissen wat te doen met hun bedrijven; de opties zijn echter een paar. Het volgende is een lijst van opties te overwegen: Sluit de deuren. Verkopen aan een buitenstaander of werknemer. Behouden eigendom maar huren buiten beheer. Familie eigenaarschap en het bestuur controle behouden. Er zijn vier fundamentele redenen waarom familiebedrijven mislukken met succes overdracht van het bedrijf: Gebrek aan levensvatbaarheid van het bedrijf. Gebrek aan planning. Kleine wens van de kant van de eigenaar om overdracht van de onderneming. Terughoudendheid van nakomelingen om toe te treden van de onderneming. De belangrijkste oorzaak voor de storing is het gebrek aan planning. Met de juiste opeenvolging plannen in de plaats, zal het bedrijf, in de meeste gevallen blijven gezond. bp holdings madrid spain small business tax

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news artices madrid spain As the global luxury car sales contest started, Mercedes-Benz falls further with the rivals BMW and Audi. Burdened by a disjointed strategy in China, the lethargic expansion of entry-level models and an aging S-class sedan, the once-dominant upscale nameplate remains firmly in third place. The said car sales contest dragged the Mercedes sales gap with second-placed Audi which has more than doubled within a year. An analyst, Christian Ludwig with Backhaus Lampe in Dusseldorf said that Mercedes's problems are homemade problems. And so with this, it's going to be extremely difficult for Mercedes to reach the No. 1 spot while others are not sleeping upgrading and keep on taking number of approaches to remain on top. On the first nine months of 2012, Mercedes delivered 964,900 cars and sport-utility vehicles. The 5 percent gain failed to keep pace with rivals, meaning it lagged Audi by 132,600 vehicles, up from 53,900 a year ago. The gap to No. 1 BMW widened 41 percent to 145,000 vehicles, according to data from the carmakers released by BP Holdings Blog. Mercedes has been trailing its rivals since losing the top spot in the luxury-car segment to BMW in 2005. The Daimler unit's sales will have advanced 19 percent through this year, compared with a 31 percent jump by BMW and a 70 percent surge by Audi over the past seven years, according to IHS Automotive estimates. The failure to keep pace is reflected in the stock. Daimler's 12 percent increase over the past 12 months trails BMW's 18 percent gain and Audi parent Volkswagen's 44 percent surge. Daimler trades at 7.5 times estimated earnings versus 8 times for BMW. BP Holdings Blog mentioned in the release, Zetsche is seeking to reverse the trend by adding less-expensive compact models, including a four-door coupe and a sport-utility vehicle, to attract younger buyers and by expanding the range of variants of the S-class flagship, which is in the last year of the current generatio

TNK-BP is a major vertically integrated Russian oil company headquartered in Moscow. It is Russia's third-largest oil producer and among the ten largest private oil companies in the world. TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production. It is 50% owned by BP and 50% by a group of Russian businessmen, represented by the AAR (Alfa-Access-Renova) consortium. Since the merger in 2003 between BP's and AAR's assets in Russia and Ukraine, TNK-BP has expanded through acquisitions such as that of Slavneft and organically through improving operational efficiency. In that time, over a backdrop of shareholder dispute, TNK-BP's profits have risen from US$2.7 billion in 2003 to $5.3 billion in 2009. DeGolyer and MacNaughton confirmed that as of 31 December 2009 TNK-BP's total proved reserves amounted to 11.667 billion barrels (1.8549×109 m3) of oil equivalent, applying PRMS (formerly SPE) criteria. Proved reserves constitute a total proved PRMS reserve replacement ratio of 329%. History On 1 September 2003, BP and AAR announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine. As a result, TNK-ВР was created. ААR contributed its holdings in TNK International, ONAKO, SIDANCO, RUSIA Petroleum (which held licenses for the Kovykta field and the Verkhnechonsk field), and the Rospan field in West Siberia (the New Urengoy and East Urengoy deposits). BP contributed its holding in SIDANCO, RUSIA Petroleum, and its BP Moscow retail network. In January 2004, BP and AAR reached an agreement to incorporate AAR's 50% stake in Slavneft into TNK-BP. Slavneft, which has operations in Russia and Belarus, was previously owned jointly by AAR and Sibneft (now Gazprom Neft). In 2009, TNK-BP increased production to 1.69 million barrels per day (269×103 m3/d) of oil equivalent (excluding TNK-BP's share in Slavneft production) compared to 1.642 million barrels per day (261.1×103 m3/d) of oil equivalent pro

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