Koch Supply & Trading, a unit of Koch Industries Inc., will start buying and selling European electricity and expand its liquefied natural gas business to take advantage of a globalizing market for the fuel.
The world’s 300 wealthiest people added $15.6 billion to their collective net worth this week as the Standard & Poor’s 500 Index and Dow Jones Industrial Average closed at record highs amid optimism that the economic recovery will accelerate.
Koch Industries Inc., the holding company controlled by billionaire brothers Charles and David Koch, agreed to buy PetroLogistics LP for about $2.1 billion including debt to gain raw materials used to make plastics.
A Mississippi Republican primary race that became a proxy battle for a larger internal struggle over the party’s future will go to another round, with a veteran U.S. senator facing a Tea Party-aligned challenger in a June 24 runoff.
Debevoise & Plimpton LLP advised Nestle SA on its agreement to pay Valeant Pharmaceuticals International Inc. $1.4 billion for a handful of dermatology products, accelerating a shift by the world’s biggest foodmaker toward health care. Sullivan & Cromwell LLP represents Valeant.