Texas-based drilling fluids and materials company Newpark Resources announced on Tuesday that it will be selling its Environmental Services business to Ecoserv LLC, a Colorado-based environmental services holding company under investment firm Lariat Partners. Newpark will receive $100 million in cash for the business, and the deal will close within the first quarter of 2014.
Astronauts at the Mercy of Putin
SpaceX Chief Executive Officer Elon Musk says our space program is fully contingent upon Russia. We spend $70 million per Soyuz shuttle launch to get to the International Space Station, when it could cost as little as $45 million. Commercial space flight could undercut Russia within the next two years, and a couple of prominent companies could bring the US space program back on track.