Williams Partners LP has secured an approval from the Federal Energy Regulation Commission (FERC) for its USD300 million Transco pipeline expansion, which is part of Transco's USD2.2 billion expansion program.
Deals
Novartis announces USD 5 billion share repurchase
Novartis told investors that it will be holding a USD 5 billion share buyback in the next two years. The share repurchase will start immediately, according to the Switzerland-based drugmaker.
Oaktree Capital joins China Cinda's Hong Kong IPO
American asset management firm Oaktree Capital Group was reportedly among the cornerstone investors in China Cinda Asset Management Corp's initial public offering. China Cinda is expected to launch the Hong Kong listing on Monday.
Moderna raises USD110 million to develop messenger RNA Therapeutics
US-based pharmaceutical company Moderna Therapeutics announced its completion of a new funding round worth USD110 million for the development of its messenger ribonucleic (RNA) Therapeutics.
Vena inks deal to sell Uranium assets to Azincourt Uranium
Vena Resources Inc agreed to sell its 50% stake in Minergia SAC, the company's joint venture with Cameco Global Exploration Ltd, to Azincourt Uranium Inc.
Latest News
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
Xenex Disinfection Services, the company that launched robotic technology for disinfection of hospital rooms, has secured USD11.3 million in funding boost from private sources and venture capital firms.
Mexican homebuilder Consorcio Ara and real estate firm O'Connor Capital Partners plan to sell nine shopping malls for USD 384 million, according to sources interviewed by Bloomberg.
Slouchy zip hoodie maker American Giant collected USD3.6 million in a recent USD2.5 million funding round, raising over USD1 million than what the company expected.
France's Credit Agricole said it will cut its holding in investment firm Eurazeo. The French bank will sell 3.2 million Eurazeo shares and zero-coupon convertibles equivalent to a maximun of 5.1 million shares.
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
Spotify AB has successfully secured about USD 250 million in new financing that values the music-streaming company much higher than USD 4 billion, according to sources. With this in mind, Spotify is now almost shoulder to shoulder with Pandora, which went public in 2011 and is currently valued at USD 5.7 billion.
Strategic investors were said to be in discussions to buy a majority stake in Vasan Healthcare, which operates eye care hospitals and dental centers in India.
Texas-based browser security company Quarri raised USD2.35 million in its first funding round today to improve its products, expand internationally, and add more people to its workforce.
