Industry, Materials & Utilities Headlines
Serco wins U.S. health contract worth up to $1.25 billion
LONDON - British outsourcing group Serco has won a contract worth up to $1.25 billion with the U.S. Department of Health, according to an entry on the federal contracting website.
GE gains EU approval for $4.3 billion Avio buy
BRUSSELS - U.S. conglomerate General Electric won EU clearance on Tuesday for its $4.3 billion bid for Italian plane components maker AVIO after agreeing to protect strategic information related to the Eurofighter project.
Mon, Jul 1 2013
Japan, Canada investors to buy U.S. power plant for $2 billion: Nikkei
TOKYO - A consortium including Mitsubishi Corp and Japanese and Canadian pension funds will buy a U.S. gas-fired power plant in Michigan this month for nearly 200 billion yen ($2.01 billion), the Nikkei business daily reported on Tuesday.
U.S. opposes proposed Ardagh purchase of Saint-Gobain unit
WASHINGTON - The U.S. Federal Trade Commission said on Monday it had filed a complaint aimed at stopping Ireland's Ardagh Group S.A.'s proposed $1.7 billion acquisition of a unit of France's Saint-Gobain that makes glass containers for the U.S. market.
Exclusive: State attorneys general probing American, U.S. Airways merger
WASHINGTON - A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc , three sources close to the discussions told Reuters.
Rosneft's Sechin says no talks to acquire PKN Orlen, Bashneft
MOSCOW - Igor Sechin, the head of Russia's top crude producer Rosneft , on Monday denied reports that the company has been in talks to acquire Poland's PKN Orlen and Russia's mid-sized oil producer Bashneft .
Corelogic to buy real estate data analysis firms for $661 million
- Real estate data analytics company Corelogic Inc said it would buy two units from Decision Insight Information Group for $661 million to expand its property and casualty insurance business.
France to sell ADP stakes to Vinci, Credit Agricole
PARIS - France will sell stakes in Paris airport operator ADP of 4.69 percent to construction group Vinci and 4.81 percent to Credit Agricole Assurances , Finance Minister Pierre Moscovici said.
Nokia to buy out Siemens equipment venture; shares surge
HELSINKI - Nokia shares surged on Monday after it announced plans to buy out Siemens AG's share of their network equipment joint venture, betting on the technology to run 4G networks as it struggles in the smartphones business. | Video
Nokia CEO says synergies not part of NSN deal consideration
HELSINKI - Nokia Chief Executive Stephen Elop said the company had not considered synergies when deciding to buy Siemens' stake in Nokia Siemens Networks and that the future of the network gear maker was open.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
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