Purchased in 1993 by The New York Times company for $1.1 billion, the Globe is now being sold for as little as $70 million.

In a statement in the Globe, Mr Henry praised the paper's journalistic pedigree: "The Boston Globe's award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well-respected media companies in the country."

Oil firm TransCanada has announced that the $11.6 billion Energy East line will carry up to 1.1 million barrels of oil per day, replacing oil imported to eastern Canada with a leftover surplus to export across the Atlantic. The Energy East pipeline would run from Hardisty, Alberta, to a new deep-water marine terminal in St John, New Brunswick.

Boosted by a surge in smartphone sales and the weakness of the yen the company recorded net profit of 3.5 billion yen, reversing a loss of 24.6 billion yen during the same period last year.

The company said its sales rose 13 percent in the three months to the end of June, from a year earlier, primarily "due to the favourable impact" of the currency movement. It also raised its sales forecast for the current financial year to 7.9 trillion yen from its projection of 7.5 trillion yen in May.

The move, designed to enhance integration and cohesion by using the name of an already globally recognised brand, will see EADS renamed Airbus Group and have three specific divisions; commercial aircraft, defence and space, and helicopters.

"The renaming simply gathers the entire company under the best brand we have, one that stands for internationalisation, innovation and integration - and also for some two-thirds of our revenues," said EADS chief executive Tom Enders. "It reinforces the message that 'we make things fly'."

Even since a group of families went about setting up a new dredging business in 1910, Royal Boskalis Westminster NV has built itself a commanding reputation for being a leading global maritime services company operating in the fields of dredging, inland infrastructure, towage, salvage and offshore energy.

Welcoming delegates to the 2013 Energy conference in Port of Spain in January, the Minister of Energy and Energy Affairs Kevin Ramnarine set out his vision for NGC to be the vehicle for growth through which the country can expand its footprint at home and abroad. NGC should be encouraged, he said, to become to Trinidad & Tobago what Statoil is to Norway or Petrobras to Brazil.

Grindex was founded in 1940 by two Swedish engineers. Among its earliest products was a rock grinding machine: this established the firm in the mining and construction markets; however when co-founder Börje Kristensson was out selling the grinding machine, he came across a new product on the market, a submersible drainage pump. The problem with submersible pumps in the early 1960s was that they were heavy and could not run dry. Kristensson set about developing a lightweight pump that could run dry, thanks to a patented air valve.

Perseus Mining Limited is a company listed on the Australian Stock Exchange and based in Perth; however despite its Australian accent it is an African specialist, specifically focused on the gold producing countries of West Africa. Over the years it has forged a reputation as one of the world's most successful gold explorers, with a quarter of a century of involvement in Ghana and its neighbours coming into fruition very recently, starting commercial production on 1 January 2012.

The construction of a metro system for the capital Riyadh will cost a total of $22 billion and will begin early next year. The government expects trains to be running along its six lines by 2019.

The president of the Arriyadh Development Authority (ADA) Ibrahim bin Mohammed al Sultan said the Riyadh Public Transport Project will be "a major driver of employment and economic development". He called it a "cornerstone" that would "enhance the quality of life" for Riyadh's population of nearly six million.