1.
U.S. markets recover from steep losses
RICHMOND, Va., Jan. 24 (UPI) -- Goldman Sachs and Morgan Stanley are working to buy Virginia utility Dominion Resources' oil and gas assets for $15 billion, a report said Wednesday.
The collaboration of the Wall Street adversaries, both major players in the energy sector, also involves Madison Dearborn Partners, Warburg Pincus, First Reserve, Carlyle Group and its affiliate Riverstone Holdings, The Wall Street Journal reported.
A second group composed of Blackstone Group, Texas Pacific Group and Kohlberg Kravis Roberts & Co. is exploring its own offer, the Journal said.
Dominion, headquartered in Richmond, Va., supplies electricity, natural gas and other energy products and services in Virginia, West Virginia, Ohio, Pennsylvania and eastern North Carolina. It has generation facilities in Indiana, Illinois, Wisconsin, Massachusetts and Connecticut.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
