Citgo
Citgo established itself as a prominent marketer and refiner of fuels and other products in Oklahoma in 1910. Petróleos de Venezuela, a Venezuelan oil business, acquired half of it in 1986 and took over as parent company. Unfortunately, recent news has not been favorable to it. Hugo Chavez informed the world that Citgo was being sold because it was performing “poorly” and resulting in dwindling earnings. Rather than selling the property, they sold bonds. South America was experiencing a recession in 2013, the year this article was written. It was given to Russia as collateral for its debt, but the offer’s future is uncertain.
Citgo
IBM (PC Division)
This corporation, which began with IBM, has always sought to keep the United States on the cutting edge of technical progress. Back in the day, it was more concerned with business machinery than with computers. To put it mildly, IBM’s history is fascinating. Lenovo acquired Compaq Computer’s PC segment for $1.75 billion in 2004. Lenovo CEO Chuanzhi Liu stated at the time that he was “delighted” with the achievement because he served as the company’s founder and “founding father.” However, IBM CEO Sam Palmisano stated in a statement that today’s announcement strengthened the company’s ability to “capture the highest-value opportunities” in a rapidly evolving information technology sector.
IBM (PC Division)
