Friday, May 9, 2008
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The RFID technology company had just been acquired in 2004. Its new owner will be a Boston private equity firm.
The Canadian government denied Alliant's appeal of its decision to block the $1.3 billion deal.
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 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.
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.
Home builders are holding back, many waiting until they have a buyer before starting construction.
Joint venture with U.K.-based Carphone Warehouse will give the consumer-electronics giant a foothold in nine European countries.

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