Resolute Energy Corp. REN -0.48% will consolidate its Aneth Field interests in the Paradox Basin of Utah by selling 10% of its current stake to Navajo Nation Oil & Gas Co. for $100 million and acquiring Denbury Resources Inc.’s DNR -0.96% interests in the field for $75 million in cash. Denbury said the assets sold include proved reserves of about 6.4 million barrels of oil equivalent as of... 

SAO PAULO (MarketWatch) — Simon Property Group Inc. SPG -2.02% joined forces with Brazil’s largest shopping center operator, BR Malls Participacoes SA , to develop and own Outlet Centers in Latin America’s largest nation. The joint venture will be equally and jointly owned by Simon Property and BR Malls to develop and own outlet centers across Brazil. The first outlet center of the... 

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... 

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... 

Hyundai Motor Co.’s (HYMLY, 005380.SE) U.S. auto sales rose 13% in March, setting an all-time year-over-year sales record, as the South Korean manufacturer continued to see strength from sales of the Sonata, Elantra and Accent. The auto maker has capitalized on a lineup of vehicles that are fuel-efficient and relatively low-priced compared with models offered by Hyundai’s peers. Hyundai... 

MEXICO CITY (MarketWatch) — Ford Motor Co. F +0.20% will invest $1.3 billion in its Mexico operations to build the new generation of one of its most-popular models, the mid-size Ford Fusion, company officials said Friday. The investment will be made in Ford’s stamping-and-assembly plant in Hermosillo, Sonora, where the company has already built 1.1 million Fusion cars since 2005, said Mark... 

Mizuho Financial Group Inc. plans to merge its group banks Mizuho Bank and Mizuho Corporate Bank on July 1 next year, Mizuho officials said Thursday, Kyodo News reported. Mizuho, which has so far said the merger date would be in the first half of fiscal 2013 starting in April next year, will officially decide on the date at a board meeting Friday, the officials said. Mizuho is also planning to merge... 

Sealy Corp. ZZ -1.05% posted a surprise fiscal first-quarter profit on strong international sales and higher pricing, which improved the mattress maker’s margins. Shares jumped 9% to $2.05 after hours on the stronger-than-expected results. The stock had fallen 29% over the past year through Tuesday’s close. Sealy has reported mixed results over the past year as the company struggles to... 

Blackbaud Inc. BLKB +1.30% again extended its tender offer for all outstanding shares of Convio Inc. CNVO -0.38% as it continues to give the U.S. Department of Justice more time to review the deal. The offer will now expire on April 4. Blackbaud has now extended the offer three times. “While we will not meet our initial estimate for closing the acquisition by the end of this quarter, we are seeing... 

Krispy Kreme Doughnuts Inc. KKD +1.56% swung to a fiscal fourth-quarter profit on stronger same-store sales and as the company posted a substantial tax credit. Shares rose 5.2%, to $8.93 after hours, as the company posted the $139.6 million in net deferred tax assets, saying it is likely to continue generating taxable income amid substantially improved performance, so a substantial portion of the tax...