Eldorado buys European Goldfields for US.4-B EGFDF, EGO European Goldfields Ltd (TO:EGU),(PK:EGFDF) said Sunday that it had agreed to be bought by Eldorado Gold Corp (TO:ELD), (NYSE:EGO) for about C.5-B (US.4-B). The deal represents a 48.4% premium based on both companies’ closing share prices on Toronto’s main stock index as of December 5th, the last [...]

Clearwire inks 4 yr deal with Sprint S, CLWR, T, AAPL Clearwire Corp. (NASDAQ:CLWR) signed a 4 yr deal with Sprint Nextel Corp. (NYSE:S) valued at as much as US.6-B, giving the wireless-broadband provider space as it builds out a new 4-Generation network. Clearwire’s shares rose on the news. CLWR last traded at 2.12 +0.35 [...]

Baghdad pressuring Exxon on Kurdish play A top Iraqi oil official said Monday that the national government could replace Exxon Mobil Corp. (NYSE:XOM) with rival Royal Dutch Shell PLC (NYSE:RDS-A) on a giant project in South Iraq if the US company follows through on a deal to explore for Crude Oil in the increasingly sought-after [...]

Tesoro earnings back to pre-recession levels TSO, MPC, VLO Tesoro Corp. (NYSE:TSO) posted third-quarter net income of US5-M, up from US-M a year earlier, becoming the latest refiner to reach pre-recession earnings levels. Tesoro credited the earnings growth to increased activity at its refineries and its access to discounted Crude Oil in the mid-continent region [...]

South Korea’s KIC bought US-M of BofA shares so far South Korea’s sovereign wealth fund, Korea Investment Corp., aka KIC, has purchased US-M in Bank of America Corp. (NYSE:BAC) shares this year, saying that the US banking giant’s shares are undervalued. KIC bought the shares beginning January with part of the US5-M in dividends it [...]