They make sense in some number systems equipped with infinity, but not in others. For example, on the affine real line, the above operations are true, see
http://en.wikipedia.org/wiki/Extended_real_number_line
But on the projective real line, they are false:
http://en.wikipedia.org/wiki/Real_projective_line
There are many other systems which allow an infinity and where the above might make sense or not, so you need to specify.
I don't see what ##e^0 = 1## has to do with infinity.
And infinity is certainly
not a real number. It might act like on in some ways, but not in others.