Abu Dhabi Investment buys into Chrysler Building: An Abu Dhabi investment fund has bought a 75-percent stake in New York's Chrysler Building, one of the best-known landmarks on the city skyline. The Abu Dhabi Investment Council, one of the world's largest sovereign wealth funds, closed the sale with Prudential Financial Inc. on Tuesday, Prudential spokeswoman Theresa Miller said yesterday. Miller wouldn't disclose the sale price, which many published reports placed at $800 million. Prudential held its stake in the building on behalf of a fund of primarily German investors that had closed in the past couple of years, she said. New York's Tishman Speyer Properties, which owns the remaining stake in the 77-story, Art Deco skyscraper and will continue to manage it, declined comment yesterday. (Associated Press)

GE money is blowing in the wind: General Electric Co., the world's biggest maker of power generation equipment, said yesterday it will invest a total of $100 million in three wind farms under construction in New York -- a 126-megawatt unit in Wethersfield, a 106.5-megawatt unit in Chateaugay and a 97.5-megawatt unit in Altona. The investment by GE Energy Financial Services brings the total commitment in renewable energy to more than $4 billion, the company said. GE, the largest supplier of wind turbines in the U.S., is expanding investments to take advantage of federal tax credits and minimum state requirements for renewable energy. Wind is the fastest growing source of renewable energy worldwide because it's cheaper than solar or geothermal plants. (Bloomberg News)

General Dynamics gets Canadian contract: Canada yesterday awarded General Dynamics Corp. a $370-million contract to maintain a fleet of its LAV III armored vehicles, the military's chief combat vehicle in Afghanistan. The contract runs until March 31, 2013, Public Works Minister Christian Paradis said in a statement from Gatineau, Quebec, just outside Ottawa. (Bloomberg News)

- Markets

Dollar retreats: The dollar fell against major currencies yesterday in New York, ending at 106.83 Japanese yen, down from Tuesday's close of 107.45 yen. The euro closed at 3:30 p.m. at $1.5746, up from $1.5657.

Metals climb: Gold for current delivery closed at $927.30 a troy ounce on the New York Mercantile Exchange, up from Tuesday's close of $921.90. Silver closed at $18.100 an ounce, up from $17.880.

Fuels mixed: August light, sweet crude oil rose 1 cent to $136.05 a barrel on the New York Mercantile Exchange. August heating oil fell 3.14 cents to $3.8516 a gallon. August gasoline fell 1.77 cents to $3.3808 a gallon. August natural gas fell 36.2 cents to $12.006 per 1,000 cubic feet.

Associated Press

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Story Source: Providence Journal