$285 Million Purchase by Boardwalk Pipeline Partners LP
Tweet The remaining 80 percent stake in Boardwalk HP Storage Company LLC worth $285 million was finally purchased by Boardwalk Pipeline Partners LP (BWP) from Boardwalk Pipelines Holding Corporation. The acquired company operates 7 natural gas storage caverns in Mississippi, with approximate total storage capacity of around 29 billion cubic feet, and also includes undeveloped more »
Lobby Spending Increased By AT&T
Tweet A 30+ percent boost in lobbying expenses was made by AT&T Incorporated (T) in pushing a failed campaign to gain US Government approval of its planned purchase of competitor T-Mobile USA Inc. The second biggest wireless company in the US financed its operations by some $20 million last year compared to only $15.5 million more »
Cash Purchase of Georgia Gulf Announced by Westlake Chemical
Tweet Shareholders of Georgia Gulf (GGC) are poised to benefit from more than $1.1 Billion in its purchase plan to Westlake Chemical Corporation (WLK). Westlake Chemical bared today that it has submitted a firm proposal to Georgia Gulf Corporation to buy all of its outstanding shares in cash at $30 per share. The purchase plan more »
Nevada Gold Gets Nod of Nevada Gaming Commission
Tweet With the positive action of the Nevada Gaming Control Board in its meeting on January 11, 2012, the Nevada Gold & Casinos, Incorporated (UWN) revealed today that a recommendation has been forwarded by the said Board to the Nevada Gaming Commission giving authority to Nevada Gold, a wholly-owned subsidiary of Nevada Gold & Casinos more »
Private Placement Pricing by Chesapeake Midstream
Tweet Private placement amounting to $750 million in senior notes maturing in 2022 has been priced today by Chesapeake Midstream Partners, L.P. (CHKM) The offering has been increased considerably from a previously announced amount of $600 million. There will be a 6.125 percent yearly interest rate with the offering to be opened on January 11, more »
Injunction against Life Technologies Upheld By Court
Tweet Celsis In Vitro Inc today revealed that the Court of Appeals of the United States acting in behalf of the Federal Circuit in Washington DC has upheld a preliminary injunction against Life Technologies Corporation (LIFE) on its violation of a US Patent. Life Technologies is the mother company of co-defendants Invitrogen Corporation and CellzDirect more »
Low Sales in 2012 Seen By Hyundai And Kia
Tweet Compared to the double digit sales growth in the past years, Hyundai Motor and affiliate company Kia Motors are looking at around 6 percent growth in world car sales this year. The total figure for a combined sales stands at about 7 million vehicles. Both South Korean companies enjoyed leading positions in global car more »
Online Orders Canceled By Best Buy
Tweet Best Buy Company (BBY), the world’s leading and biggest retailer of consumer electronics, was forced to cancel several online orders of customers after getting merchandise depletion. Lisa Hawks, spokesperson for Best Buy, which is headquartered in Richfield, Minnesota, said in an email that the overwhelming demand for popular products compelled the company to cancel more »
Research In Motion Financial Overview, Heckmann in Peril Over Fracking
Tweet Research In Motion Ltd (RIMM) is present its third quarter 2012 financial report. $1.22 is the pegged amount for the third quarter by the present Zacks Consensus Estimate, showing a yearly negative growth of 30 percent. The company surpassed the Zacks Consensus Estimate in three of the last four quarters with average earnings coming more »
Hexcel Sees Major Expansion
Tweet Hexcel Corporation follows L-3 Communications and Futura Industries (the three are leading companies in Utah’s aerospace and high-technology manufacturing industry), and is planning to launch major expansions of their operations in the state. The move could see the companies pitching in almost $700 million in the years ahead and giving jobs to more than more »