Regency Energy Partners to buy PVR Partners for $5.6 billion
(Reuters) - Natural gas pipeline operator Regency Energy Partners LP (RGP.N) will buy rival PVR Partners LP (PVR.N) for $5.6 billion, including debt, giving it a foothold in the prolific Marcellus and Utica shale fields.
The deal includes the assumption of $1.8 billion in debt, the companies said.
(Reporting by Swetha Gopinath in Bangalore; Editing by Don Sebastian)
SAN FRANCISCO - Qualcomm Inc, the world's biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday following speculation that he might be poached to run Microsoft Corp.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.