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Friday, May 9, 2008

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3M to sell HighJump Software of Eden Prairie

The RFID technology company had just been acquired in 2004. Its new owner will be a Boston private equity firm.

Alliant's Canadian satellite deal officially dead

The Canadian government denied Alliant's appeal of its decision to block the $1.3 billion deal.

Gas above $3.67, oil tops $126 on Venezuela concerns

Oil rose above $126 a barrel for the first time today, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump.

Circuit City allows Blockbuster, Icahn to review books

Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board.

Diageo brews $1.25B Irish overhaul

Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most production to a new, high-tech plant in the Dublin suburbs by 2013.

Housing market more stable as listings decrease

Home builders are holding back, many waiting until they have a buyer before starting construction.

Best Buy to expand into Europe

Charles Dunstone, Brad Anderson

Joint venture with U.K.-based Carphone Warehouse will give the consumer-electronics giant a foothold in nine European countries.

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