Seismic services company Norex Exploration Services has announced it will merge with Tesla Exploration, North AmericaÔÇÖs largest privately-held geophysical services provider.  The deal will leave Tesla shareholders with about 70 percent of the new company, which will be listed on the Toronto Stock Exchange.

The Dutch brewer Heineken has bought the beer unit of Mexican drinks giant Femsa in a deal valued at Ôé¼5.3 billion.

Pittsburgh-based aluminum giant Alcoa is expected to post a profit in its fourth quarter earnings report today, signaling the continuation of the commodityÔÇÖs recovery.

Richard BransonÔÇÖs Virgin Money has approached the US private equity firm Blackstone to seek backing for its bid for the UK government-owned bank Northern Rock.

Google has raised its offer for On2 Technologies to $132 million, up from its original offer of $106 million.

The European Commission yesterday handed three companies a Ôé¼1 billion satellite contract for Galileo, Europe's version of the Global Positioning System.

The chairman and CEO of troubled automaker General Motors (GM) has announced he is hopeful the company will return to profit this year.  Almost six months after GM emerged from bankruptcy, Ed Whitacre has predicted that the Detroit-based automaker will make money in 2010, while acknowledging there are still obstacles to be overcome.  The company hasn't made an annual profit since 2004 and wasn't expecting to do so until 2011.  It made $88 billion in losses from 2005 through the first quarter of last year.

African Minerals has agreed to sell China Railway Materials (CRM) around 40 per cent of the iron ore it plans to produce from its flagship Tonkolili deposit in Sierra Leone.

A $285 million investment at Yonkers Raceway has equipped the venue for the 21st century. Ben Sansom reports on an expansion program which has enabled the historic venue to thrive where many others have suffered in the recent economic slowdown
 

Noble Energy Inc. has agreed to buy nearly all of the oil and natural gas reserves in eastern Colorado owned by CanadaÔÇÖs Suncor Energy Inc., for $494 million.