Potholed road attracts infrastructure swarm 2 Jan 2007 Four dozen firms are pursuing the Pennsylvania Turnpike. That s 42 more than were interested in an Indiana toll road earlier this year. So far, most infrastructure action has been in Europe. But interest in the Pennsylvania road shows the infatuation has come to the US. Four dozen firms are pursuing the Pennsylvania Turnpike. That s 42 more than were interested in an Indiana toll road last year.
Will private equity suffer conglomerates’ fate? 2 Jan 2007 Buyout bosses hate being compared to the likes of ITT s Harold Geneen just because they are gobbling up everything in sight. But there is a big similarity. Conglomerates fueled their deals with their rising stock prices. The LBO frenzy is driven by cheap financing.
How aggressive is Gazprom? 2 Jan 2007 The Russian gas giant just pushed its way to success in Belarus. But its distribution contracts in Western Europe look almost defensive. Gazprom wants the profits. But it is probably more worried about ensuring that its expensive pipelines find customers.