Noteworthy expenditures of the week
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.
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.
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.
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.
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.
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.
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
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.
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.