The White House lifted a temporary ban on the drilling of deep water wells in the Gulf of Mexico Tuesday, five- and a-half months after an oil rig explosion killed 11 workers and blew out BP’s Macondo well a mile beneath the water’s surface. Interior Secretary Ken Salazar made the announcement well ahead of the [...]
China Everbright Bank said Friday that its initial public offering had been upsized to 21.7 billion yuan ($3.23 billion) after it exercised a “greenshoe” or overallotment option in the stock offer, Reuters reports. The mid-sized bank sold an additional 900 million shares at 3.10 yuan a share on Sept 16 via the overallotment option, it [...]
Venture capital funding in the second quarter jumped to the highest level in almost two years, as investors increased their bets on alternative energy and biotechnology, Bloomberg News reported. Firms invested $6.52 billion in the U.S. during the period, a 53 percent increase from a year earlier and the most since the third quarter of [...]
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