Libya to scoop up Canadian oil company Verenex for $293.7M after Chinese co. withdraws bidNEW YORK — Canada-based oil producer Verenex Energy Inc. said it has agreed to be sold to the Libyan Investment Authority for about $314.1 million Canadian ($293.7 million) in cash, after a better deal with a Chinese firm fell through. Vexing issue of long-term health care for seniors, disabled absent from raging US debateMIAMI — Gillian Lloyd’s parents did everything right: They saved compulsively for their retirement and brought aides into their home when they needed help. Yet they still face impossible questions of how to continue paying for care in their final years. Kodak to get majority of its $700M debt financing from institutional investors, instead of KKRROCHESTER, N.Y. — Eastman Kodak Co. expects to draw $400 million of its $700 million in debt refinancing from qualified institutional buyers rather than from private equity fund Kohlberg Kravis Roberts & Co. Dutch aircraft leaser AerCap to acquire Irish rival Genesis in $1.75 billion share-swap dealDUBLIN — Dutch aircraft leasing firm AerCap Holdings NV announced an agreement Friday to acquire its Irish rival Genesis in a share-swap deal valued at $1.75 billion. Dole Food plans private offering of $310 million senior secured notes due 2016WESTLAKE VILLAGE, Calif. — Dole Food Co., one of the world’s largest producers of fresh fruit and vegetables, said Friday that it plans a private offering of $310 million senior secured notes due 2016. Coyotes owner asks judge to order NHL to mediate bankruptcy issuesPHOENIX — Beleaguered Phoenix Coyotes owner Jerry Moyes has asked a federal bankruptcy judge for an emergency hearing to order the NHL to mediate the “key sale issues” in the complicated case. As deadline nears, first-time homebuyers and Congress face end to tax creditAs days tick off the calendar, the life span of the much-ballyhooed tax credit for first-time homebuyers is drawing to an end — unless Congress decides to extend it. Report: Hershey hires Buffett’s banker to advise on possible Cadbury bid, rivaling KraftNEW YORK — The trust that controls Hershey Co. has hired a notable banker and a small banking firm to advise on a possible bid for rival candy maker Cadbury PLC to compete with an offer from Kraft Foods Co., according to a published report. AMR gets $2.9B in cash and financing, builds hub capacity for international growthATLANTA — American Airlines’ parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns — for now — that it is in danger of a cash crunch and a bankruptcy filing. American Axle reaches deal with lenders to restructure debt, gets $110 million in help from GMDETROIT — American Axle & Manufacturing Holdings Inc. said Thursday that it reached a deal to restructure its debt and received millions in financial help from General Motors, likely preventing a bankruptcy protection filing at struggling auto supplier. Heritage Financial prices offering at $11.50 per shareOLYMPIA, Wash. — Heritage Financial Corp. said Thursday it has priced an underwritten public offering of 3.8 million shares at $11.50 per share. Oneidas add upstate New York cigarette factory to holdings, will sell own smokesVERONA, N.Y. — The Oneida Indian Nation has bought a cigarette manufacturing plant in western New York and plans to make its own cigarettes. Hanesbrands sells yarn manufacturing operations, closes facility in North CarolinaWINSTON-SALEM, N.C. — Hanesbrands Inc., which makes underwear and hosiery, on Thursday said it is selling most of its yarn manufacturing operations to Parkdale, a yarn manufacturer based in North Carolina. AMR gets $2.9 billion in financing, builds hub capacity for international growthATLANTA — American Airlines’ parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns — for now — that it is in danger of a cash crunch and a bankruptcy filing. Signed, sealed, undelivered: Britain grapples with wildcat postal strikesLONDON — In Britain, the check is in the mail — for the indefinite future. AMR obtains $2.9 billion, including sale of $1 billion in frequent flyer milesFORT WORTH, Texas — The parent of American Airlines said Thursday it has has obtained $2.9 billion in new financing and is making changes in its flight schedule to help cope with weak demand and declining revenue in the airline industry. AOL cuts two executive jobs, including COO, to streamline before spinoff from Time WarnerNEW YORK — AOL LLC has eliminated the jobs of two executives, including one who was just promoted to the role by the company’s new chief executive. Judges in US, Canada approve bankruptcy sale of Nortel business systems unitWILMINGTON, Del. — Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses. Brazilian beef producer JBS to become world’s largest meat maker with Pilgrim’s Pride dealMILWAUKEE — A Brazilian meat conglomerate could leap ahead of American meat producer Tyson Foods Inc. to become the world’s largest meat company with two deals announced Wednesday that would expand its interests in beef, dairy and chicken. Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unitWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc. to the sale of a Nortel unit that makes communications systems for businesses. Union workers at Sun-Times reject pay cuts, work-rule changes demanded for newspaper’s saleCHICAGO — Unionized workers in the Chicago Sun-Times’ newsroom have rejected demands for deep pay cuts and work-rule changes, putting at risk a planned sale of the financially struggling newspaper to an investment group. Brazilian beef producer JBS to buy majority of Pilgrim’s Pride out of bankruptcy for $800MMILWAUKEE — Chicken producer Pilgrim’s Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company for $800 million in a deal that will let Pilgrim’s Pride emerge from bankruptcy protection. Brazilian beef producer JBS to buy majority of Pilgrim’s Pride out of bankruptcy in $2.8B dealNEW YORK — Chicken producer Pilgrim’s Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company in a deal that values the company at $2.8 billion. Fiat chief: new group can produce 6 million cars a year with Fiat/Chrysler allianceFRANKFURT — Fiat and Chrysler CEO Sergio Marchionne said Wednesday that the new auto alliance can reach a production of 5.5 million to 6 million cars a year on its own once the economy and car markets stabilze. Key bankruptcy hearing on bid rules for Philadelphia Newspaper auction delayed amid talksPHILADELPHIA — A key bankruptcy issue that could determine the next owner of Philadelphia’s two main daily newspapers won’t be resolved Tuesday after all. Elan sees Johnson & Johnson cut partnership deal value on amendment after contract breachNEW YORK — Elan Corp. said Monday Johnson & Johnson will reduce the value of a partnership deal under an amendment as part of a move meant to fix a contract breach with Biogen Idec Inc. Senator seeks Justice Department review of Diebold’s sale of voting-machine businessNORTH CANTON, Ohio — Sen. Charles Schumer on Monday asked the Justice Department to review Diebold Inc.’s sale of its U.S. voting-machine business to a bigger competitor, saying he is concerned it could have an adverse impact on American voting. Despite downturn, auto makers hope to dazzle with new models, technologies at Frankfurt showFRANKFURT — Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy’s Fiat. The past year’s turbulence will be reflected this week in a smaller U.S. presence at the Frankfurt Auto Show — along with the new electric vehicles many hope will secure the auto industry’s post-recession comeback. AES shares briefly rise to 1-year high on report Chinese investment arm weighs buying stakeCOLUMBUS, Ohio — Shares of AES Corp. briefly rose to a 52-week high on Monday on a published report that China’s investment arm is interested in buying a stake in the U.S. utility company and power plant developer. Magna exec: Up to 10,500 Opels jobs in Europe, including 4,500 in Germany, could be cutAURORA, Ontario — As many as 10,500 Opel jobs in Europe could be cut, nearly half of them in Germany, the co-chief executive of Magna International Inc. said Monday, plans that are drawing criticism in countries where the automaker has operations. |
Topics
Poll Loading ...Latest TweetsOwnership Changes
Latest Friend FeedsOwnership Changes
|
