Russia will acquire Europe's largest underground gas storage facility this autumn from Germany’s BASF, continuing the development of its Nord Stream operations. In return, the Germans will get access to large gas reserves in Western Siberia.
The worlds’ biggest hotel operator Hilton Worldwide has sold the iconic Waldorf Astoria in New York to a Chinese insurance company for nearly $2 billion, a record for a US hotel. The deal marks the continued Chinese real estate shopping spree in America.
German engineering giant Siemens AG said Monday it will buy US oil services company Dresser-Rand for $7.6 billion, a move that will give the German company a route into the booming American shale industry.
The famous flame grilled Whopper burger is taking over a chain better known for its coffee and doughnuts in a deal that will create the world’s third largest fast-food chain with a total market capitalization of over $21 billion.
Time Warner has changed its bylaws to prevent an unwanted takeover in the future. The move comes after the CNN parent company turned down an offer to be bought out by Fox News owner Rupert Murdoch last week.
General Electric has been given the green light to buy Alstom’s energy business for an estimated $17 billion. The deal will give GE wider access to power plants in Asia and Africa, with Alstom getting a stronger footing in the US railroad business.
The man behind the Tesla electric car now wants to build one of the world’s largest solar panel plants in upstate New York. Rooftop solar installer SolarCity is expanding the effort to produce more panels in the US, not in China.