Archive for August, 2008

Arrival of Gustav threatens Gulf of Mexico so deeply that crude oil advanced for its highest weekly gain in approximately two months as well as natural gas went up as prior to the arrival of Gustav producers abandoned rigs. After Katrina, Gustav is predicted to be the biggest hurricane in the Gulf of Mexico. Workers... »

With a view to finance equipment and services from the US for hydrocarbon exploration and production service in the Krishna-Godavari Basin, US Export-Import Bank has approved a long-term loan of $400 million to Reliance Industries Ltd. RIL will utilize the loan for its purchases of American engineering services, oilfield equipment, offshore platform support, and drill... »

On Friday a team of hedge funds and the Huntsman family indicated their plan to invest minimum $500 million to induce Apollo Management unit Hexion to conclude a $6.5 billion takeover of competitor chemicals manufacturer Huntsman Corp. earlier the Hexion said that it would go insolvent and seeking to evade the conclusion of the... »

With effect from August 29, 2008 ABN AMRO Asset Management Canada Limited adopt their official name change to Fortis Investment Management Canada Ltd. Global presence of Fortis Investments has expanded to cover 40 locations on 5 continents by the thriving acquisition of ABN AMRO Asset Management in April 2008, along with this Fortis Investments has... »

In July US consumer spending slowed as the impact of rebate checks washed out and American consumer’s buying power worn out due to high inflation. In Washington Commerce Department said yesterday that compared to purchases rate in June, purchases went up with one third speed. Purchases rose 0.2 percent however prices rose at its... »

In more than a month world’s largest tractors maker- Deere & Co. gained the most in New York trading subsequent to declaring a $177 million growth plan to meet up demand urged by increase in U.S. farm income this year. In New York Stock Exchange composite trading Moline, Illinois based Deer moved up $3.05, or... »

In the period of tough economy condition while the businesses hit by layoffs, costs increase, lower profits, decreased sales there is a segment which is flourishing day by day that is Carmichael enterprise. According to co- owner of America’s Recycling Center Tracy White they are off the hook. Over the previous year business has noticed... »

In recent time economy has seen a recovery from a gloom with the help of increased exports. Advanced exports helped US economy to recoil unexpectedly but this recovery is not expected to last. Exports might come to an end due to overseas economic slowdown. Similar to this in early year time rebate checks given... »

Announcement in connection with Lehman Brothers Holdings, Inc.’s funding of a tax equity investment in the 20 MW Steel Winds wind power project working in Lackawanna N.Y. First Wind’s SVP of Finance, Tim Rosenzweig stated his delight to close and fund this tax equity financing of Clipper turbines along with one of the world’s... »

Recently signing of merger agreement between Microsoft Corporation and Greenfield Online announced under which the Microsoft Corporation will acquire Greenfield Online for paying around $486 million in cash. The transaction is valued for approximately $486 million in cash. In addition to this Greenfield Online also announced termination of its earlier announced merger agreement with affiliates... »