+ world banking confidence continues as scandal fallout continues, regulators and boards call for more transparency – JP Morgan Chase re-org near the top, HSBC sets aside $2 billion for legal woes amid falling profits, Nomura CEO resigns over insider trading … to name but three
NEWS REVIEW July 25 - 30
+ Alter NRG Corp. closed is $5 million sale of CleanEnergy Developments Corp. to Bellair Ventures Inc.
+ BP PLC eyeing long term oil sands investment in Canada
+ China National Offshore Oil Corporation (Cnooc) $15 billion friendly bid for Nexen Inc. has attracted U.S. politicians to call on Canadian government to leverage approval process on China over human rights (yes, this is the same U.S. government that holds up approval of pipeline projects that are in Canada’s interests) … so stick a sock in it Senator Schumer; meanwhile securities regulators are looking at Chinese investors suspected of illegal insider trading in Nexen stock prior to the deal being struck
+ Delphi Energy Corp. closed $23 million disposition of Bigstone area assets
+ Enbridge Pipelines Inc. got NEB approval to reverse flow direction on a portion its Line 9 to move western oil eastward
+ IBI Group Inc. agreedto acquire Taylor Young Limited Architects and Master Planners
+ KPMG LLP acquired SECOR Inc.
+ Li Ka-shing led consortium agreed to acquire Britain’s MGN Gas Networks for $1 billion
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