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.
Sectors
Buffet's Berkshire has more the enough cash for acquisitions- report
A Bloomberg report said Berkshire Hathaway Inc might be making more strategic acquisitions in the near future.
CORRECTED: Lazard Capital Markets CEO resigns
William Buchanan, the Chief Executive Officer of Lazard Capital Markets, stepped down from his post after a strategic review was done by the firm.
Wynn Macau’s USD 600 million naked bond sales show strong demand for Asian gaming debt- report
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.
OGX sells stake in unit hours before seeking bankruptcy protection
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
Latest News
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.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Black customers protested at Barneys New York Inc after being detained by staff. On Wednesday, a group of protestors had gathered at Barneys New York Inc.
Tara Poseley of Kmart hired as new chief product officer of Lululemon. An executive from Kmart, the leading US discount chain, has been hired to lead the global merchandise and design team at Lululemon Athletica Inc.
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.
ICE postponed date of NYSE purchase. Futures Market Operator, IntercontinentalExchange, postponed the date for acquiring NYSE Euronext. NYSE claimed this would give more time for approval of the transaction by European regulators At this point, European regulators have not raised any substantive issues among NYSE and ICE.
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
