Joseph Orovic

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Chesapeake Energy Spins Off Subsidiary In IPO

Chesapeake Energy Corp. filed a proposed initial public offering for its Chesapeake Oilfield Services subsidiary with the Securities and Exchange Commission on Monday, as it boosts its finances in the face of low domestic natural gas prices.

GDF Suez To Buyout Remaining International Power Shares

The world's largest utility company GDF Suez agreed on Monday to buy 30 percent of International Power for $10 billion, completing a planned takeover of the U.K.-based power company to continue its expansion in fast-growing markets, the company reported.

Fed: Growth Slows Among New York Manufacturers

The New York Fed reported on Monday slowing growth within the manufacturing sector in March, with overall sentiments remained positive and employment improved despite difficulty finding highly-skilled labor.

Kinder Morgan Energy Partners' $5B Pipeline Expansion

Kinder Morgan Energy Partners announced Thursday it will expand its existing Trans Mountain pipeline system, spending $5 billion to double its capacity as Canadian companies try to expand oil shipments to overseas markets.

Anheuser-Busch In Lead For Presidente Brewer

Anheuser-Busch InBev NV may be serving up cervezas en espanol, as the Belgian brewer has emerged as the lead bidder for Cerveceria Nacional Dominicana SA, maker of Presidente Beer.

US Producer Prices Unchanged In March; Core Up 0.3%

The producer price index remained unchanged in March, as an unexpected drop in fuel prices offset increases in food and core prices, according to a report released Thursday by the U.S. Bureau of Labor Statistics.

Adelson Eyes $35B Spanish Las Vegas

Billionaire casino mogul Sheldon Adelson announced on Wednesday plans to open a casino strip in Spain, pushing for a $35 billion casino complex in either Barcelona or Madrid.

India's Jewelers End Gold Strike

India's gold-jewelry traders, the largest buyers of bullion, called off a 21-day strike after Finance Minister Pranab Mukherjee agreed to consider rolling back recent increases in gold taxes.

Fisker's Latest Model Stalled After Energy Dept Pulls Loan

Luxury electric vehicle company Fisker Automotive unveiled its newest model, the Atlantic, Tuesday night at the New York Auto Show, but the car may not hit the streets without a second cash-injection, the company's chief executive Tom LaSorda said.

KKR to Pay $306M For Natural Gas Properties

Kohlberg Kravis Roberts & Co. (NYSE: KKR) said Monday it agreed to buy natural gas properties in Texas and Oklahoma from WPX Energy Inc. (NYSE: WPX) for $306 million, the latest in the private-equity's spate of U.S. energy acquisitions.

Goldman Sachs Predicts Strong Year For Gold

Gold prices will continue to rise steadily throughout the next 12 months, as long as the U.S. economy maintains its tepid recovery, according to a note recently released by Goldman Sachs Group Inc.

US Silver's 2011 Results Boosted By Rising Prices

U.S. Silver Corp. enjoyed a bountiful 2011, with revenue, net income, and production all increasing, thanks primarily to the rise in the price of silver, while reserves rose for the fifth consecutive year, the company reported on Thursday.

Euro Sentiments Take A Pessimistic Turn

The good vibes in the Euro Zone did not last long, as two months of positive sentiments ended in March, with manufacturers and builders facing a drop in orders, according to a survey released by the European Commission Thursday.

US Airline Group Drops Suit Against EU Carbon Tax, Looks to UN

A major U.S. airline lobbying group on Tuesday ditched a private lawsuit challenging the European Union's recently-implemented carbon tax for airlines using the trading bloc's airports, calling on the Obama administration and Congress to take up the charge.

Rio Tinto Explores Sale Of Diamond Operations

Rio Tinto PLC said Tuesday it is mulling ways to sell off its diamond operations, as the world's third-largest mining company tries to divest mines it says may no longer fit its growth strategy.

Terra Firma Buys UK's Garden Centre Group For £276M

Terra Firma Capital Partners announced on Monday plans to acquire The Garden Centre Group from Lloyds Banking Group PLC for £276 million ($438 million) and rejuvenate the U.K.'s largest specialist retailer in gardening and plant products after years spent under the control of debtors.

GE Signs Power Deal With Nigeria

General Electric Co. (NYSE: GE) and Nigeria signed an agreement for the U.S. company to build power plants as Africa's most populous nation continues to privatize and expand its power generation capacity, Reuters said Monday.

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