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Corporate Finance Corporate Assets

  • CALGARY, Alberta, March 30- Cenovus Energy shares had their biggest one-day percentage fall ever on Thursday as investors baulked at the company's C $17.7 billion cash and stock deal to buy oil sands and natural gas assets from ConocoPhillips. Cenovus shares were last down 12.8 percent on the Toronto Stock Exchange at C $15.36, while ConocoPhillips shares...

  • Bankruptcy Judge Barry Schermer in St. Louis approved last week a plan by Peabody, which has valuable coal assets both in the United States and Australia, to emerge from bankruptcy in early April with about $2 billion of debt. In a notice of appeal filed with the Bankruptcy Court in St. Louis, about a dozen money managers who voted against the plan asked an appellate...

  • LONDON, March 23- Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said. The mill is owned by Algeria's Cevital Group, which has approached British financier Sanjeev Gupta,...

  • LONDON, March 23- Emerging equities steadied on Thursday, helped by modest gains in Asia as investors waited to see if U.S. Emerging assets have rallied hard this year on the back of Trump's promised fiscal splurge but stumbled on Wednesday after his healthcare bill stalled in Congress, raising doubts about his ability to implement the pledges.

  • LONDON, March 16- Assets invested in European exchange-traded funds hit a record $620 billion at the end of February, research and consultancy firm ETFGI said. ETFs, securities which track an index or a basket of assets, saw $12.4 billion of inflows in February in Europe, marking the 30th month of straight inflows, according to ETFGI data. The overall size of the...

  • NEW YORK, March 9- Investors are spurning U.S.-based high-yield junk bond funds, Lipper data showed on Thursday, as they keep gobbling up stocks and other risky assets. High-yield bond funds posted $2.1 billion in net withdrawals during the week ended March 8, the most since November 2016, the data showed. Crude fell this week to prices not seen since a pact led by the...

  • LONDON, March 9- Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly and carbon-heavy projects. Shell is trying to sell assets totalling $30 billion to cut debt following its $54 billion acquisition of BG Group and is under investor pressure to mitigate...

  • LONDON, March 9- Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly projects, which are among the most carbon heavy. Shell is trying to sell assets totalling $30 billion to cut debt following its $54 billion acquisition of BG Group and is under investor pressure...

  • March 8- General Wireless Operations Inc, which acquired the RadioShack brand in 2015, said on Wednesday it has filed for bankruptcy protection. General Wireless, an affiliate of hedge fund Standard General LP, filed for a Chapter 11 reorganization and listed assets and liabilities in the range of 100 million to 500 million in the U.S. bankruptcy court for the...

  • SANTIAGO, March 8- Atlas Renewable Energy, a platform launched last week by English private equity fund Actis, is on the hunt for solar assets across Latin America, but big risks are off the table, Chief Executive Officer Carlos Barrera told Reuters on Wednesday. Actis, which already has significant investments in renewables throughout the developing world,...

  • March 6- Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years. Hhgregg listed assets and liabilities of up to $50,000 in its Chapter 11 filing in the U.S. bankruptcy court for the Southern District of Indiana, and said...

  • March 6- Appliances and electronics retailer hhgregg Inc said on Monday it has filed for bankruptcy protection and signed a term sheet with an unnamed party to purchase its assets. The retailer filed for a Chapter 11 reorganization in the U.S. bankruptcy court for the Southern District of Indiana, the company said in a statement. Hhgregg had hired Stifel...

  • NEW YORK, March 2- Investors piled into riskier assets again in the latest week, pouring cash into U.S.-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. U.S.-based funds invested in stocks pulled in $7.3 billion during the week ended March 1, a fifth straight week of inflows, while taxable bond funds attracted...

  • The company, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion, a filing under Chapter 11 with the U.S. Bankruptcy Court for the Southern District of New York showed. http://bit.ly/2lo7iMI.

  • *Indian banks have $133 billion in stressed assets. Now, as a deputy governor at India's central bank, he is turning his attention to one that may be developing at home. At issue is what to do with $133 billion in stressed assets accumulated by banks after years of reckless lending, a problem that has bedeviled regulators and stalled loans that India needs to revive...

  • LONDON, Feb 24- Pearson earned a brief respite from the turmoil in its business on Friday after the education services giant reported no further deterioration in its trading and said it would cut costs further and sell some assets. The shares were down 3 percent at 626.50 pence by 0853 GMT, following a sharp rise ahead of Friday's results. Employing 35,000 people,...

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Anglo American aims to reinstate dividends at the end of this year after rising commodity prices helped it to boost earnings and cut debt, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed money.

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Miner Anglo American aims to reinstate dividends at the end of this year after cutting net debt and improving earnings, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed the money.

  • Joe Ready, head of Wells Fargo's institutional retirement plan business, for example, told trustees of the city of San Diego's defined contribution plan that participants' $1 billion in assets were walled off from other parts of Wells Fargo. San Diego pension officials declined to comment for this story. Wells Fargo declined to make Ready available and said it...