GE enters into a jv with Enel Green for Buffalo Dunes Wind Farm. US conglomerate General Electric Co would be providing both financial capital and technological capbility for the 250 megawatt Buffalo Dunes wnd farm located in Kansas.
Corporations
Hutchison Whampoa to purchase shares
Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
Ericsson Completes Microsoft IPTV Business
Ericsson has purchased Mediaroom IPTV from Microsoft for an undisclosed amount. Ericsson, the telecommunications equipment manufacturer from Sweden has formalized a deal to purchase Mediaroom IPTV from Microsoft.
Survey Says Venture Capitalists Performance Sub Par
According to information obtained, venture capital performance has been sub par in the past ten years.
Generali Narrows Bidders to Two
Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
Latest News
The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.
Infinity announces the acquisition of AHC Southwest and Advanced Homecare. Infinity Homecare announced the acquisition of AHC Southwest and Advanced Homecare as already complete.
Liberty Global's acquisition of Virgin Media is approved by EU. An unconditional European Union clearance was provided to John Malone's Liberty Global for the bid for Virgin Media.
The IPO shares of Blackhawk would be at US$220 million at US$22 per share. Safeway Inc. 's gift card and payment service unit, Blackhawk Network Holdings Inc has formally offered ten million Class A shares priced between US$20 and US$22 per share.
A consortium led by Bahrain Telecommunications Company (Batelco) is set to acquire Indian mobile phone company Reliance Communication's (RCom) 80 percent stake in its subsidiary for $1.1 billion.
Enaltus acquires ScarAway to expand its skincare products. Enaltus has recently acquired the properties of Mitchell-Vance Laboratories. Mitchell Vance is a portfolio firm of the HealthEdge Investment Fund LP based out of Tampa Florida.
OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. is evaluating all legal rights and remedies over the Morgans' agreements with The Yucaipa Companies.
The Macquarie Capital purchase of Advantage is under review by antitrust regulators. US regulators are reviewing the consent decree that allowed Macquarie Group Ltd to purchase Advantage rental brand from Hertz Global Holdings.
Topspin Partners sells off its interest in Utrecht Art to Blick Art. Multi-channel retailer, Blick Art Materials, has purchased shareholdings in Utrecht Art Supplies.
