Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
Sectors
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.
Google may launch Nexus 5 today
Multiple reports said Google Inc's Nexus 5 smartphone would be unveiled today, with shipments starting on November 1.
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.
IBM offers bonds worth 2.5 billion in Euros
IBM offered the biggest sale in securities. International Business Machines Corp. (IBM), one of the world's largest computer-services providers, is marketing the biggest bond sale worth €2.
Latest News
The solar industry has gained ground in stock exchanges for two consecutive years, outpacing tech companies.
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
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.
