Anglo-Dutch consumer goods group Unilever has agreed to buy US-based hair care group Alberto Culver Co. for $3.7 billion in cash to boost its personal care business.

The acquisition will bring brands including V05, TRESemmé and Nexxus, making Unilever the world leader in hair conditioning, the second largest in shampoo, and the third largest in styling.

The global research and advisory firm Cleantech Group has released its 2010 US Smart Grid Vendor Ecosystem Report, which explores the key market dynamics shaping the emerging smart grid landscape.

Commissioned and funded by the Department of Energy, the study highlights $2.75 billion in annual product sales in three key smart grid categories: advanced metering infrastructure (AMI), demand response, and distribution grid management.

Shares in Rockhopper Exploration jumped 7.8 per cent today following an update on flow tests at the potentially world class Sea Lion field in the North Falklands basin.

The UK-based company said that during an 18 hour test, the well flowed for sustained periods at over 2,000 barrels per day.

The group added that had it not been for several constraints on the well, it could have flowed at around 4,000 barrels per day.

With more optimal location, significantly higher rates could be achieved from future production wells, the company said.

DuPont is to form a joint venture with Dutch life sciences and materials sciences company Royal DSM to develop, manufacture and commercialize advanced surgical biomedical materials.

DuPont and DSM will each own a 50 percent interest in the venture, to be called Actamax Surgical Materials LLC.

The world's biggest offshore wind farm off the UK’s Kent coast is being officially opened later today.

Built at a cost of £800 million, the 100 turbines will be able to produce 300 megawatts of electricity—enough energy per year to power the equivalent of more than 200,000 homes. The 380 foot-tall turbines are spread over an area of more than 35 square kilometres.

Up to 341 turbines will be installed at the wind farm over a four-year period.

The Clorox Company is to sell its global auto care business, including the brands Armor All and STP, to a private equity firm for $780 million.

Avista Capital Partners, with offices in New York and Houston and holdings in energy, health and media, will acquire two auto care manufacturing facilities from Clorox, one in Painesville, Ohio with 70 employees, and one in Wales, in the UK, with 24. All employees will transfer to the buyer.

10. Wall Street 2

Money Never Sleepsopens this week. Everyone is excited about the sequel to Oliver Stone's 1987 Oscar-winning masterpiece and, unless you are a Chicago Cubs fan who has gone into hiding as they are once again eliminated from the possibility of a World Series appearance, you have probably seen a few of the movie's promos.

France Télécom has bought a 40 per cent stake in Méditel, Morocco’s second-largest mobile operator, for €640 million, marking the first step in its strategy to boost its presence in African markets.

Méditel (Médi Télécom) is the second biggest global telecoms operator in Morocco, with licences for fixed, mobile and 3G telephony. It has been active in the telecoms sector since 1999.

With over 10 million mobile subscribers and a market share of 37 per cent, Méditel achieved sales of over 5.3 billion dirham (€465 million) in 2009.

Despite the lack of global agreement on climate change, carbon management is becoming a strategic business priority and competitive driver for the largest global companies, according to a new report.

The 2010 Global 500 Report was released yesterday by the Carbon Disclosure Project (CDP), produced by PwC and sponsored by Bank of America Merrill Lynch.

Canadian Prime Minister Stephen Harper has entered the battle for ownership of Potash Corporation of Saskatchewan, the world's largest producer of potassium carbonate, used as fertilizer all over the world.

Anglo-Australian mining giant BHP Billiton has launched a hostile takeover bid to acquire Potash Corp for $39 billion, but Harper warned yesterday that his government could block a takeover if it was not a "net benefit" to Canada.