GE Energy Financial Services, a unit of GE (NYSE:GE), has formed its third partnership with a Vess Oil Corp. affiliate to purchase oil reserves in East Texas for $108 million. The partnership is acquiring approximately 13,000 net acres and ...
Tags: GE Energy Financial Services, Vess Oil, East Texas, oil reserves
Chinese firms make overseas acquisitions as domestic market becomes saturated Despite the economic slowdown and overcapacity issues, China's market for construction equipment will likely recover from lackluster growth, as major companies ...
German engineering giant Siemens announced on 16th, they got 448 wind turbine orders from the Buffett's midamerican energy companies, with a total installed capacity of 1050 megawatts. This is the world's largest a single onshore wind ...
Tags: Wind Power, Energy, Siemens
Following an announcement in June this year, AkzoNobel has agreed to the sale of 67 of its 72 German decorative paints stores to five independent wholesale distributors. Financial details were not disclosed. As a result of the ...
Tags: decoration, paints
Sysco Corporation and US Foods today announced an agreement to merge, creating a world-class foodservice company. The total enterprise value of the transaction is approximately $8.2 billion and the combination has been approved by the Board ...
Tags: US Foods, Sysco Corporation
Verizon has signed an agreement to acquire EdgeCast Networks, in an effort to enhance its video delivery and Web services capabilities. The growth of online video, both in fixed and mobile networks has made content delivery networks such ...
Tags: Verizon, EdgeCast, network, mobile networks, Web service, online video
BASF has signed a contract to sell its Vinuran PVC modifier business to Kaneka Belgium N.V., a subsidiary of Kaneka Corporation, Japan. The transaction comprises intangible assets and inventory. It does not include a transfer of the ...
Tags: PVC Modifier, BASF
Cybercriminals are increasingly using the “Blackshades” malware program whose source code was leaked three years ago, according to an analysis by Symantec. Blackshades, which Symantec identifies as “W32.Shadesrat,” ...
Tags: Symantec, Blackshades, malware
Campbell Soup Company today reported its results for the first quarter of fiscal 2014. Denise Morrison, Campbell's President and Chief Executive Officer, said, "I'm disappointed in Campbell's first-quarter performance. We are confident in ...
Tags: Campbell, First-Quarter Results
AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. The company has signed a joint venture agreement with Omar ...
AstraZeneca has partnered with Taiwan’s National Research Program for Biopharmaceuticals (NRPB) in order to support academic research proposals using 'open innovation' as a catalyst for accelerating drug discovery. The project will ...
Japanese pharmaceutical firm PeptiDream and France-based Ipsen have expanded their research collaboration and license option agreement signed in April 2013 to develop peptide drugs to treat serious endocrinologic disease. The deal has now ...
Tags: PeptiDream, Ipsen, peptide drugs
Twitter has announced that it is to file for an initial public offering (IPO) with the US regulators. The filing is confidential, as is allowed under US law for corporations with less than $1bn in revenue. Such companies do not have to ...
Tags: Computer Products, software, Twitter
Activaero has entered into research collaboration with Italian pharmaceutical firm Chiesi Farmaceutici to develop an effective solution to treat patients with cystic fibrosis (CF). Under the deal, Activaero will offer its flow and volume ...
Certara, a provider of software and scientific consulting services for drug discovery, has announced the acquisition of Great Lakes Drug Development, a consultancy firm (GLDD) based in Brighton, Michigan. The acquisition is expected to ...
Tags: Certara, Lakes Drug Development