Oct 23
WASHINGTON/CHICAGO, Oct 22 (Reuters) - U.S. communications regulators voted unanimously Thursday to support an open Internet rule that would prevent telecom network operators from barring or blocking content based on the revenue it generates.The proposed rule now goes to the public for comment until Jan. 14, after which the Federal Communications Commissions will review the feedback and possibly seek more comment. A final rule is not expected until the spring of next year.“I am pleased that ther
Oct 23
Here are this week highlights from the Thomson Reuters Investment Banking Scorecard : INFRASTRUCTURE FUND ACQUIRES UK AIRPORT On Oct. 21, Global Infrastructure Partners of the US, a joint venture between Credit Suisse Group and GE Infrastructure agreed to acquire London Gatwick Airport, from BAA, for $2.4 billion in cash, in a leveraged buyout transaction. This is sixth largest infrastructure acquisition of a UK company ever and the largest UK private equity acquisition year-to-
Oct 23
BRUSSELS (Reuters) - U.S. drugmaker Merck & Co Inc's (MRK.N) $41.1 billion takeover of smaller rival Schering-Plough Corp (SGP.N) won approval from European Union antitrust regulators on Friday. The takeover , structured by Merck as a reverse merger, followed a long-standing joint venture between Merck and Schering-Plough that sells the cholesterol fighters Vytorin and Zetia. "The proposed transaction would not significantly impede effective competition in the European economic area or
Oct 20
Honda determined to re-focus on electric vehiclesBy Mark Kleis Despite prior commitments to move towards hydrogen fuel cells as the alternative fuel of choice for Honda’s future, Honda is now focusing its short term efforts on the development of pure electric vehicles due to the slow development of hydrogen refueling infrastructure. In an interview with Reuters Honda’s President and CEO, Takanobu Ito said, “I don’t doubt for a second that [hydrogen] fuel cell vehicles are the ultimate
Oct 19
(Reuters) – South Africa-based mineral explorer Goldstone Resources Ltd said on Monday it entered into a joint-venture agreement with Ghana’s Cherry Hill Mining Co Ltd to develop the Homase prospecting license, sending its shares up as much as 33 percent. Under the deal, Goldstone has the right to earn an interest in the license subject [...]