DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
Investors
World Bank to cut reorganization budget
On Monday, World Bank’s Chief Financial Officer said that the bank had planned to cut USD400 million from its budget as a part of a sweeping reorganization.
Cuban: Insider trading trial share was long planned
Billionaire Mark Cuban said during a court trial last Monday that the stake he sold from an Internet search firm was long been planned.
Ex-World Bank President Zoellick rejoins Goldman Sachs
Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.
Vitol SA's debt rates same as Glencore negotiated rates
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Latest News
The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.
Riveron Consulting has hired business development and leadership expert Tony Martorano. Tony Martorano, the business development and leadereship veteran, was recently engaged by Riveron Consulting's Chicago as its new director of business development.
LG Display said on Monday it would be launching a flexible display for smartphones. On Monday, LG Display chief technology officer Sang Deog Yeo confirmed in a statement that it would be presenting its first curved screen for smartphones.
Aerospace manufacturing and energy-focused product and service provider Curtiss-Wright Corp announced that it had closed its acquisition of Arens Controls, LLC, a vehicle control and power management solutions company.
OpenGate Capital, LLC got support from Backbone Capital Advisors, a financial advisory services firm, to follow through the completion of its buyout of PennySaver USA.
The fund, projected to be between USD500 million and USD750 million, was closed by the firm at USD812 million worth of capital commitments.
Oil and gas energy company First Titan Corp was reportedly at the end of closing its acquisition deal of a potentially profitable oil zone based in Hardin County, Texas.
Jack Priestman was appointed as Analyst into Silverfleet Capital. European private equity firm Silverfleet Capital had announced the appointment of Jack Priestman as an Analyst in its London office.
Ingo Money received growth equity funding of an undisclosed amount from Camden Partners. Ingo Money announced the growth equity investment it had received from private equity firm Camden Partners.
