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Keppel Corp. unit in natgas pact with Petronas
SINGAPORE -(MarketWatch)- Singapore conglomerate Keppel Corp. Ltd. said that unit Keppel Energy Pte. Ltd. has entered into a gas sales agreement with Petronas to import an additional 43 million cubic feet per day of natural gas from their various supply networks.
In a filing to the Singapore Exchange late Friday, Keppel said that based on historical oil prices, the contract value is estimated to be...
Extreme Networks lowers outlook for quarter, year
Extreme Networks Inc. EXTR +1.89% said its fiscal third-quarter results will miss its expectations due to the negative impacts of longer customer sales cycles, sales execution issues and challenging macroeconomic conditions in some regions.
Shares slid 13% to $3.74 after hours as the Ethernet-network provider also lowered its full-year guidance.
Extreme Networks sees full-year earnings of 22 cents...
Moody’s names ex-Pfizer chief McKinnell chairman
Moody’s Corp. MCO -2.44% has named former Pfizer Inc. PFE -0.51% chairman and chief executive Henry A. McKinnell Jr. as its new chairman, following the rating and analytics company’s decision earlier this year to separate the roles of chairman and CEO.
Moody’s also said CEO Raymond McDaniel Jr. will also take on the title of president.
McKinnell had served on Moody’s board since...
Novellus Systems profit falls 54%
Novellus Systems Inc.’s NVLS -1.82% first-quarter earnings fell 54% as revenue continued to decline amid weakness in the semiconductor industry.
Novellus is being acquired by Lam Research Corp. LRCX -1.73% in a stock deal that values Novellus at about $3.3 billion. Both companies make products that help design and wire chips for specific functions. Novellus mainly supplies technology that deposits...
Edelman Financial agrees to go private
Edelman Financial Group Inc. EF +41.42% agreed to go private in a buyout deal with private-equity firm Lee Equity Partners that values the wealth manager at roughly $263 million.
Under the agreement, Lee Equity Partners is offering Edelman shareholders $8.85 a share in cash, a 43% premium to its Friday closing price. Shares, which haven’t traded at that level in roughly a year, jumped 41% to...
Mosaic more than doubles quarterly dividend
Mosaic Co. MOS +2.38% said it will more than double its quarterly dividend, as the fertilizer producer looks to put its cash stockpile to use and boost shareholder returns.
The increase raises the company’s quarterly payout to 12.5 cents a share from 5 cents a share and will cost the company about $127 million more a year.
The company had about $3.2 billion in cash and cash equivalents as of...
Alliant Energy approved to buy Calpine gas plant
Electric and natural-gas utility Alliant Energy Corp. LNT -0.81% said it has been approved by the Public Service Commission of Wisconsin to buy a natural-gas facility from Calpine Corp. CPN +0.17% for about $392 million.
The Riverside Energy Center is a 600-megawatt combined-cycle natural-gas-fired electric generating facility in Beloit, Wisc. Alliant subsidiary Wisconsin Power and Light Co. has a...
Intel chips to power Nissan vehicle ‘infotainment’
NEW YORK (MarketWatch) — Intel Corp. INTC +0.50% processors will soon be powering the “infotainment” systems in new Nissan Motor Co. (NSANY, 7201.TO) vehicles, the chip giant said, continuing its efforts to broaden beyond its core PC market.
Intel’s Atom processor, which is used in netbooks and is starting to gain traction in smartphones, will appear in certain Nissan vehicles...
Samsung pursues ad market on its mobile devices
SAN FRANCISCO (MarketWatch) — Mobile phone heavyweight Samsung Electronics Co. (SSNHY, 005930.SE) is playing a more hands-on role in the advertising on its devices, underlining the growing potential many companies see in mobile ads.
Samsung plans to announce Tuesday that it’s adding a mobile phone advertising exchange platform to its internal device ad efforts, which are dubbed AdHub.
The...
Andes Gold Corp.
Andes Gold Corporation is a US registered public company currently trading on Pink Sheets (AGCZ). Andes Gold, through its wholly owned subsidiary company Compania Minera P.L. In Eucador, South America) controls a gold mining and exploration concession called the Miranda Alto.
Key Highlights:
• Andes Gold owns two producing mines and one fully operating mill.
• The mill is currently processing...

