Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
Investors
Chegg IPO to raise USD172.50 million
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
"China's Craigslist" 58.com debuts on NYSE
Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
Apple to tap solar energy in mobile charging technology patent application
A patent filing by Apple Inc with the United States Patent and Trademark Office revealed that the tech company would be working on a technology to allow solar energy to charge its mobile devices.
ConocoPhilips estimates gains from oil asset sales to reach USD8.9 billion
ConocoPhillips sold various oil assets located in Northern America, Asia and Africa. A Reuters report said US oil company ConocoPhillips expected to receive USD8.
Latest News
The new manufacturing commitments for the US that would be announced by Wal-Mart and the US government were part of the retailer's USD50 billion investment pledge to the US economy.
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
FullSlate, an online scheduling service provider, was acquired by American software company Intuit for an undisclosed sum.
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.
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
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.
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
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.
