VENTURE CAPITAL POST

The average price of a gallon of gasoline in the United States has dropped one dollar since early May, the lowest price in more than four years, according to the Lundberg survey released Sunday.

General Motors Co (GM.N) disclosed on Friday that it recalled more than 2,400 of its new mid-sized pickup trucks in the United States and Canada to fix a previously announced air bag issue.

Bebe Stores Inc said it detected a hacking attack on its payment processing system that could have compromised data from cards swiped in its stores in the United States, Puerto Rico and U.S. Virgin Islands.

Canadian buyout firm Onex Corp (OCX.TO) is in talks to buy a UK safety and survival equipment maker from Warburg Pincus LLC [WP.UL] for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussions.

Intel Corp said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.

Technology startups in Canada are seeking to lure back expatriates from Silicon Valley with the promise of executive roles, generous stakes and the chance to stamp their mark on a nascent industry.

Germany has approved Canadian smartphone maker Blackberry's (BB.TO) planned acquisition of Secusmart, the encryption technology of which is used to protect the mobile devices of top politicians including Chancellor Angela Merkel.

German utility E.ON (EONGn.DE) agreed to sell an 80 percent stake in two wind farms in the United States to Canada's Enbridge (ENB.TO), as the group continues to rake in much-needed cash by building and selling pricey renewable assets.

The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N) of Canada's iconic coffee-and-donut Tim Hortons Inc (THI.TO), Industry Minister James Moore said on Friday.

Canadian mobile instant messaging company Kik Interactive Inc said on Wednesday it had raised C$38.3 million and acquired video messaging company Relay as it aims to turn its youth-focused application into a broader platform for commerce.

Japanese trading house Itochu Corp, is seeking to sell PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, for more than $1 billion, according to people familiar with the matter.

Target Corp (TGT.N) on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.

Blackstone Group LP has reached a deal to sell a Manhattan office tower for about $2.25 billion to a venture led by Canadian property investor Ivanhoe Cambridge, the Wall Street Journal reported, citing people familiar with the terms of the sale.

Canadian telecom services provider Mitel Networks Corp (MNW.TO) (MITL.O) said on Monday it has withdrawn its bid to buy smaller U.S. peer ShoreTel Inc (SHOR.O), after ShoreTel refused to engage in any talks regarding a potential transaction.

Struggling retailer Sears Holdings Corp (SHLD.O) said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and offer it to shareholders through a rights offering to raise cash.