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County pushing for better deal with Black Hills: When county heard city’s deal with utility, it scrapped previous offer.

<ul><li>Jan. 31–Pueblo City Council announced a deal with Black Hills Energy in December, touting that the utility had agreed to pay the city $4.6 million by Dec. 31, plus another $2.9 million this year — all as part of a plan to build a …

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |

Peet’s to extend tender offer for Diedrich -source

NEW YORK, Jan 31 (Reuters) – Peet’s Coffee & Tea Inc
plans to announce on Monday it will extend its tender
offer for shares of Diedrich Coffee Inc by 30 days, a
person with knowledge of the situation said, signaling its
anticipation that regulato…

[ More ] February 1st, 2010 | No Comments | Posted in Acquisitions, Mergers |
 

Russian, Norwegian firms ink Iraq oil deal

<ul><li>A Russian-Norwegian consortium has been chosen to develop a massive southern Iraq oil field, officials say.</li><li>Lukoil, Russia’s largest independent crude oil producer, and Norway’s StatoilHydro Saturday signed a 20-…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

VV2 to go back on market?: City still scrambling to resolve $126 million dispute with GE

<ul><li>It’s been nearly four months since the city quietly selected a New Jersey company as the leading contender to buy development rights for the planned $1.2 billion Victorville 2 power plant. </li><li>While city staff offic…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |
 

Csaba’s in a Battle With Vlad

<ul><li>CSABA LASZLO will meet his lawyers tomorrow as he bids to take on Hearts for the final 18 months of his deal.</li><li>The Russian banker has balked in the past at squaring up to his victims with both George Burley and Gr…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

Fed’s Currency Swap Lines: A Big Deal For The Dollar

The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies.

[ More ] January 30th, 2010 | No Comments | Posted in Foreign Exchange, Forex, Sectors |
 

American Marine becomes third state bank to close this year

<ul><li>Jan. 30–American Marine Bank was shut down by state regulators Friday evening, becoming the third Washington-based bank to fail this month — as many as went under in all of 2009. </li><li>Its operations were taken over…

[ More ] January 30th, 2010 | No Comments | Posted in Stock Markets |

SCBT Acquires Community Bank & Trust in FDIC-assisted Deal

<ul><li>SCBT Financial Corporation (NASDAQ: SCBT) announced that its bank subsidiary, SCBT, N.A., has entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation ("…

[ More ] January 30th, 2010 | No Comments | Posted in Stock Markets |

State legislature: Bill seeks more scrutiny over state contracts: State Investment Office deal with law firm has jumped to $5.8 million from $30,000

<ul><li>Jan. 29–Records show that a contract between the State Investment Office and an international law firm has been amended six times since 2005, boosting the original $30,000 cost to $5.8 million. </li><li>The deal — whic…

[ More ] January 30th, 2010 | No Comments | Posted in Stock Markets |

Citi deal boosts its stake in Chile No. 2 bank

SANTIAGO, Jan 29 (Reuters) – U.S. bank Citigroup has
increased its stake in a Chilean financial firm that controls
the country’s No. 2 bank, Banco de Chile, in an operation worth
$513 million, the firm’s parent company said on Friday.

[ More ] January 29th, 2010 | No Comments | Posted in Acquisitions, Mergers |