ABB takes over Newave Energy

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Source: Marketwatch

ABB Ltd announced it will take over Newave energy Holding SA for $183 million in cash as a part of its business expansion strategy. ABB Ltd offered 36% premium to the volume-weighted average stock prices for the last 60 trading days. The board of the Newave Energy supported the acquisition. ABB share closed 16.5% lower on Friday.

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Mon, 12 Dec 2011 09:38:19 GMT

Australia's trade surplus declined in October

Australia's trade surplus fell to 1.6 billion Australian dollars on a seasonally adjusted basis in October. The indicator was at A$2.2 billion in preceding month, reported Australian Bureau of Statistics. Exports achieved A$25.7 billion; analysts expected the surplus to be A$2.0 billion, according to ABS.

Mon, 12 Dec 2011 09:36:18 GMT

Natural gas declined to three-week low during the last week

Natural gas futures fell to the lowest level in three weeks on Friday on the mild weather forecasts and high inventory level in the US. The weather group reported the projected temperatures are five degrees higher than normal level in the US. On the New York Mercantile Exchange natural gas futures for January delivery dropped to USD3.337 per million British thermal units on Friday, losing

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