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According to Baker Hughes (NYSE:BHI), a decline in natural gas drilling evidenced by the month-on-month fall in the number of active rigs in the U.S. was offset somewhat by the inclusion of Iraq in the global active rig count, which rose 4.5 percent in June and 7 percent year-on-year.
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Campbell Soup (NYSE:CPB) is to acquire Bolthouse Farms for $1.55 billion in cash in an effort to bolster its juices business, expecting to add $0.07 to $0.07 to FY13 EPS.
Chinese company Youku.com (NYSE:YOKU) which has 300 million online viewers, moved to beef up its video-on-demand services by signing an agreement to access Comcast (NASDAQ:CMCSA) unit NBCUniversal’s large library of titles; the deal follows up on several previous agreements for licensing content with other major studios.
Disney’s (NYSE:DIS) ESPN reportedly struck a “multi-million dollar” deal with NCC Media LLC, an ad sales venture of several big cable operators, that will mean political ads and political spots during ESPN shows, allowing it to improve its political advertising revenues.
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