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South Africa - Sugar industry proposes $2.1 bln power projects
2013-07-30 09:22:49| Sugar Industry News
South Africa's sugar industry has proposed that ZAR21.4 bln ($2.1 bln) be invested in 15 bagasse-based power projects to help address electricity shortages in the continent's largest economy, Bloomberg reported.
Tags: power
south
industry
projects
UPDATE 1-PPG sells rest of variable-tint lens maker to Essilor for $1.73 bln
2013-07-29 11:30:59| Chemicals - Topix.net
PPG Industries Inc has agreed to sell its $1.73 billion controlling stake in Transitions Optical, the inventor of modern variable-tint plastic lenses, to business partner Essilor International, PPG said on Monday.
Vivendi to sell 49% of Activision Blizzard for USD 8.2 bln
2013-07-26 08:29:00| Telecompaper Headlines
(Telecompaper) French telecom and entertainment group Vivendi announced that it will divest over 85 percent of its interest in computer game subsidiary Activision Blizzard for USD 8.2 billion, or USD 13.60 per share. The majority of its shares (429 million) will be acquired by Activision Blizzard. An additional portion (172 million) will be acquired by a consortium of investors (ASAC II LP) including Activision CEO Bobby Kotick and co-chairman Brian Kelly. Vivendi currently owns 61.1 percent or 684 million Activision common shares. Upon completion of this transaction, Vivendi will retain 83 million shares, representing 12 percent of Activision after the transaction.
Tags: sell
usd
blizzard
activision
Enbridge to Build $1.3 Bln Canadian Oil Sands Pipeline Extension
2013-07-26 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Enbridge Inc, Canada's largest pipeline company, said on Thursday it will build a $1.3 billion extension to its Woodland crude line in northern Alberta to serve Imperial Oil's Kearl oil sands project. The 345-kilometer (214-mile) extension will have initial capacity of 400,000 barrels per day, with the ability to be expanded up to 800,000 bpd depending on crude viscosity. It will extend the Woodland Pipeline south from Enbridge's Cheecham terminal to its Edmonton terminal to connect with refineries...
Tags: build
oil
canadian
extension
Baidu posts Q2 revenues up 39% to CNY 7.5 bln
2013-07-25 05:50:00| Telecompaper Headlines
(Telecompaper) Chinese search services provider Baidu reported total revenues of CNY 7.5 billion, representing an increase of 38.6 percent from the corresponding period in 2012. Online marketing revenues amounted to CNY 7.5 billion, up 38.3 percent year-on-year. Baidu had about 468,000 active online marketing customers in Q2, representing a 33 percent increase from the corresponding period in 2012. Other services revenue grew to CNY 21.7 million from CNY 4.7 million. Adjusted EBITDA rose by 8.4 percent to CNY 3.5 billion, while operating profit increased 3.2 percent year-on-year to CNY 2.9 billion. Net profit attributable to Baidu amounted to CNY 2.6 billion, a 4.5 percent decrease from CNY 2.8 billion in Q2 2012. As of 30 June, the company had cash, cash equivalents and short-term investments of CNY 34.1 billion.
Tags: posts
revenues
baidu
cny
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