A report said the USD 600 million worth of naked bonds by Wynn Macau showed robust appetite for Asian gaming debt despite a slow economic growth in China.
Deals
Air France-KLM depreciates Alitalia stake from books
A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.
Crown expands in Spain with Mivisa Envases acquisition
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
Founders to exit from bwin.party stake, seeks New Jersey license
Founders James Russell DeLeon and Ruth Parasol DeLeon would be exiting from bwin.party digital Entertainment should their online gaming license application would be approved.
Venture capitalists weigh costs for commercial drones
Venture capitalists pondered on costs for developing drones for commercial uses. Tim Draper, a venture capitalist, among others betted on the potential use of drones for commercial use in the US.
Latest News
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
Nine Entertainment would raise AUD 600 million for its IPO in Australia, a source said. A source told Reuters that Nine Entertainment Co would be going public.
EHF to make million dollar interest payment on Friday in hopes of restructuring. On Friday, Energy Future Holdings (EFH) plans to make a USD270 million interest payment.
A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB On Wednesday, Canada's National Energy Board approved ConocoPhillips's request.
Two former Kynikos analysts establish Arhammar Short Alpha Funds to bet on falling stocks. London-based Arhammar Short Alpha Fund Ltd would be betting on falling stocks around the world.
Barrick Gold reviewed options for raising cash and reducing debts In an attempt to reduce debt load, Barrick Gold considered a wide range of options including strategic equity investment.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Essar Group planned to bid for water projects in India. The Essar Group said it intended to make bids for various water projects in India. Essar Concessions India Ltd Chief Executive Officer Neeraj Sanghi said they planned to bid for water distribution and sewage plants and desalination facilities.
