Markets & Finance

Bid & Ask


E-COMMERCE

Priceline pitchman William Shatner has been transported to a new dimension—of wealth. Best known as Captain Kirk on Star Trek, Shatner's shares in the Internet travel site are now worth $582 million, according to a report in the Toronto Sun.

ART MARKET

A 1932 Picasso titled Nude, Green Leaves and Bust fetched $106.5 million at a Christie's sale of Impressionist and modern art in New York—a record for an art work sold at auction.

REAL ESTATE

Billionaire Ron Burkle's Americold Realty Trust is seeking to raise $600 million in what may be the biggest U.S. initial public offering this year. With Greece-induced jitters dampening the IPO markets, Burkle's bankers knocked down the offering price range for the Atlanta-based real estate trust to $9 to $11 a share, from $14 to $16, and upped the number of shares on offer to 60 million.

MINING

Europe's No. 3 aluminum maker Norsk Hydro is paying $4.9 billion for an assortment of assets owned by Brazil's Vale. As part of the deal, Norsk will assume control of the world's third-biggest bauxite mine, securing a supply of the ore that could last it a century.

UTILITIES

PPL, owner of Pennsylvania's second-largest utility, agreed to buy the U.S. power and natural gas unit of Germany's E.ON for $6.7 billion in cash, and the assumption of about $925 million of debt.

TECHNOLOGY

Sales of Apple's iPad tablet computer hit the 1 million mark just 28 days after its introduction, propelled in part by the Apr. 30 release of a new 3G version.

BUYOUTS

In the biggest buyout deal so far this year, private-equity firms Warburg Pincus and Silver Lake paid $3.4 billion for Interactive Data, a unit of Pearson that supplies financial market data and services

EXPOSITIONS

Visitors flocked to Shanghai's $44 billion World Expo, which opened to the public on May 1. The six-month-long fair is expected to attract some 70 million visitors, which is more than 10 times the number of attendees at the 2008 Beijing Olympics.

THEATER: $4mn

The cost of the Broadway staging of Enron, a music, dance, and video extravaganza inspired by one of America's most infamous corporate scandals. The show—a hit in London—was panned in New York and closes on May 9 after a three-week run.


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