Energy Future will pay creditors USD270 million in coupons to avoid bankruptcy

Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.


Wal-Mart to unveil new manufacturing commitments for the US

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.

Standard and Poor's Dow Jones Indices upgrades Qatar and the UAE

Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.

Mashreq Bank introduces technological innovations to its branches

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.


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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.
Bankers might be disappointed with Wall Street as firms would be setting aside more money for investors.
Facebook refused to boost frequency of mobile ads, which led to a 3% drop in sales. On Wednesday, Facebook Inc. displayed strong growth in the mobile advertising business.
Twitter invited potential investors on Wednesday for a luncheon in preparation for the microblogging site's initial public offering.
A Bloomberg report said Berkshire Hathaway Inc might be making more strategic acquisitions in the near future.
William Buchanan, the Chief Executive Officer of Lazard Capital Markets, stepped down from his post after a strategic review was done by the firm.
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.