PRESS DIGEST- Financial Times - Dec 17

Mon Dec 16, 2013 8:29pm EST

Dec 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

BP SIGNS $16 BLN OMAN TIGHT GAS PROJECT DEAL

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GSK SCRAPS SALES REP TARGETS AFTER SCANDAL

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JPMORGAN TO SELL ASIA INVESTMENT BUSINESS

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BOEING BOOSTS DIVIDEND AND SHARE BUYBACKS

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RSA DEALT FURTHER BLOW WITH S&P DOWNGRADE

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Overview

BP has signed a $16 billion deal to drill some 300 wells in the Omani desert, aiming to extract around 1 billion cubic feet per day of natural gas.

In the wake of bribery allegations in China, GlaxoSmithKline has said it will scrap individual sales targets for its commercial staff in a bid to repair its image and reform working practices.

JPMorgan Chase & Co, the biggest U.S. bank by assets, is hoping to get more than $1 billion for its Asia-based Global Special Opportunities Group that is up for sale, according to sources.

Commercial jet maker Boeing Co plans to raise its dividend by 50 percent and ask shareholders to approve $10 billion in share buybacks.

RSA has been dealt another blow after Standard & Poor's downgraded its credit rating on the troubled FTSE-100 insurer to A- from A.

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A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

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