VENTURE CAPITAL POST

A Montreal-based transportation and logistics company, TransForce Inc., is set to acquire Texas-based Velocity Express and its subsidiaries for approximately $35 million.

A report submitted by the U.S. House of Representatives Committee on Energy and Commerce found out that U.S. subsidiaries of foreign corporations have received around one-quarter of $16 billion from Section 1603 grant program.

CSi Complete, a provider of credible service and call center services to the automotive and insurance industries has merged with TenPoint Insurance Solutions.

Germany's central bank is set to bring back 700 tons of gold worth $36 billion stashed in United States and France.

Elephant Talk Communication, Corp., is set to acquire 100 percent assets of Telnicity LLC; a U.S.-based MVNE/MVNO Enabler Company from Oklahoma for approximately $1 million.

A study by UK-based Energy Company; British Petroleum Global reveals that U.S. will become 99 percent energy self-sufficient by 2030.

Canada’s leading e-commerce companies TeamBuy.ca and Dealfind.com announced their merger to form one of the country’s largest online deal destinations.

The Export-Import Bank of the U.S. has sanctioned a $155.4 million direct loan to the Republic of Ghana to finance the design and construction of a hospital in Accra, Ghana.

China’s privately-owned clean energy company - Hanergy Holding Group, Ltd acquired US based CIGS thin-film manufacturer MiaSolé for $30 million.

New technology has been developed by Boston Children's Hospital epidemiologist John Brownstein to effectively track US flu outbreak in the country.

Oral Cancer Prevention International and CDx Laboratories recently merged to become CDx Diagnostics.

The U.S. Consumer Financial Bureau has laid down new regulations on home mortgages to prevent financial debacles in real property markets.

Ocean Spray, a U.S.-based grower-owned agricultural cooperative has made its first international acquisition with Chilean firm Agrícola Cran Chile Limitada today.

Leading researchers from academia will soon be part of a $120 million Department of Energy initiative to help develop solutions for producing more ‘rare earth materials’ in the country for lesser dependence on foreign sources.

The much talked about merger in the airline industry between American Airlines and US Airways is all set to happen after both sides came together for discussions in Dallas, last week.