The Clorox Company is to sell its global auto care business, including the brands Armor All and STP, to a private equity firm for $780 million.

Avista Capital Partners, with offices in New York and Houston and holdings in energy, health and media, will acquire two auto care manufacturing facilities from Clorox, one in Painesville, Ohio with 70 employees, and one in Wales, in the UK, with 24. All employees will transfer to the buyer.

10. Wall Street 2

Money Never Sleepsopens this week. Everyone is excited about the sequel to Oliver Stone's 1987 Oscar-winning masterpiece and, unless you are a Chicago Cubs fan who has gone into hiding as they are once again eliminated from the possibility of a World Series appearance, you have probably seen a few of the movie's promos.

France Télécom has bought a 40 per cent stake in Méditel, Morocco’s second-largest mobile operator, for €640 million, marking the first step in its strategy to boost its presence in African markets.

Méditel (Médi Télécom) is the second biggest global telecoms operator in Morocco, with licences for fixed, mobile and 3G telephony. It has been active in the telecoms sector since 1999.

With over 10 million mobile subscribers and a market share of 37 per cent, Méditel achieved sales of over 5.3 billion dirham (€465 million) in 2009.

Despite the lack of global agreement on climate change, carbon management is becoming a strategic business priority and competitive driver for the largest global companies, according to a new report.

The 2010 Global 500 Report was released yesterday by the Carbon Disclosure Project (CDP), produced by PwC and sponsored by Bank of America Merrill Lynch.

Canadian Prime Minister Stephen Harper has entered the battle for ownership of Potash Corporation of Saskatchewan, the world's largest producer of potassium carbonate, used as fertilizer all over the world.

Anglo-Australian mining giant BHP Billiton has launched a hostile takeover bid to acquire Potash Corp for $39 billion, but Harper warned yesterday that his government could block a takeover if it was not a "net benefit" to Canada.

GDF Suez and its partners have secured $1.3 billion in financing for the Barka 3 and Sohar 2 independent power projects in Oman.

The greenfield natural gas-fired power plants, which will each have a capacity of 744 MW when operational, carry a total investment cost of $1.7 billion.

Together the plants will add almost 1,500 MW to Oman’s existing capacity of around 3,600 MW. Their power output will be sold under two separate 15-year power purchase contracts to the Oman Power and Water Procurement Company, who will be the sole off-taker.

The stockholders of Continental Airlines and United Airlines have voted overwhelmingly in favor of the companies’ planned merger to create the world’s largest carrier.

At a special meeting of Continental stockholders in Houston Friday, over 98 percent of the votes cast and 75 percent of shares outstanding were voted in favor of the transaction.

At a similar meeting of United stockholders in Chicago, more than 98 percent of the votes cast and 84 percent of the shares outstanding were voted in favor.

US defense group L-1 Identity Solutions is to be sold to French rival Safran, with the UK’s BAE Systems also acquiring three of its Intelligence Services divisions, the company announced today.

BAE Systems, Europe’s largest defense contractor, will take over SpecTal LLC, Advanced Concepts, Inc., and McClendon, LLC, after which transaction Safran will take over the remaining units, Secure Credentialing Solutions, Biometric and Enterprise Access Solutions and Enrollment Services.

Centrica, the owner of British Gas, is to almost double its stake in the Norwegian Stratfjord field in a deal that will boost its expansion efforts in the North Sea.

The acquisition, worth £144 million, will increase Centrica’s oil and gas reserves by 29 million barrels of oil equivalent. It will provide the UK-based company with an additional 172 billion cubic feet equivalent of gas and oil reserves, and an incremental 70 million cubic feet per day of natural gas and oil production in 2010.

Energy Automation Systems, Inc. (EASI), which develops, manufactures and markets energy saving technologies, has started construction on a $1.5 million, 20,000 square-foot manufacturing facility in Gallatin, Tennessee.

The company expects to manufacture approximately $30 million of products annually at the new site.

The facility is located on an eight-acre tract of land that EASI officials bought 10 years ago in anticipation of company growth. Project completion is scheduled in late December 2010.