Month: July 2011

Integrated energy company Chevron Corporation ( CVX ), through its subsidiary Chevron Neftegaz, has commenced the construction for the expansion of the Caspian pipeline. The total value of the development project is estimated at $5.4 billion. […]

Terex Corp. ( TEX ) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded the minimum requirement of 51%. […]

British mobile phone giant Vodafone Group Plc ( VOD ) has agreed to sell its entire 24.4% stake in Poland’s Polkomtel to Spartan Capital Holdings for around €920 million ($1.34 billion) in cash, before tax and transaction costs. The Polkomtel sale is the fourth initiative in Vodafone’s strategy, announced last year, to exit minority holdings. […]

Electronics distributor Arrow Electronics Inc . ( ARW ) recently announced that its business segment – Arrow Enterprise Computing Solutions (EC S) has signed an agreement with Syncort to be among the first distributors of the NetApp Syncsort Integrated Backup solution in the United Kingdom. Last year, both the companies had s igned a deal for North America. […]

Thousands of workers kicked off a weeklong strike at Freeport-McMoRan Copper & Gold Inc.'s ( FCX ) gold and copper mine in eastern Indonesia, demanding higher wages and protesting the dismissal of their union leaders. The US mining giant insists that the work stoppage at the Grasberg mine in the remote province of Papua will not affect production. As per the company’s website Grasberg mine contains the world’s largest recoverable reserves of copper and the biggest single gold reserve. […]

The joint venture between ConocoPhillips ( COP ) and Karoon Gas Australia Ltd. (KAR) got the government approval to initiate a drilling operation in three blocks of the Browse Basin, about 350 kilometers off the northwest coast in Australia. […]

Duke Energy Corporation ( DUK ) said that its unit Duke Energy Carolinas has filed for a rate increase, as planned, with the North Carolina Utilities Commission to recover the investments made by the company over the last two years. If approved, the new rates will come into effect from February 2012. The previous rate hike for the company was approved in 2009, which resulted in an increase of $7.30 per month in the residential bill for consumers who typically use 1,000 kilowatt-hours (kWh) of power per month. […]

Avnet, Inc. ( AVT ) recently completed its previously announced acquisition of value-added IT distributor Amosdec SAS. […]

JA Solar Holdings Co., Ltd. ( JASO ) has entered into a definitive agreement to acquire 100% ownership interest in Silver Age Holdings Limited for $180 million in stock. The acquisition aims to increase production of a key panel component […]

Recently, the US Food and Drug Administration (FDA) delivered a huge boost for Bayer ( BAYRY ) and partner Johnson & Johnson ( JNJ ) by clearing their blood-thinner (anticoagulant) Xarelto (rivaroxaban). The US regulatory body cleared the drug, which has blockbuster potential, for the prevention of deep vein thrombosis (DVT) which may cause pulmonary embolism (PE) in patients undergoing knee or hip replacement surgery. The blood-thinner is already available in Europe for the indication. […]