VERNON, Vt.— The Vermont Yankee nuclear plant is getting ready to shut down. Its owner, Entergy Corp., says it is closing the plant for economic reasons. The plant in Vernon is expected to disconnect from the regional power grid Monday.» Read More
Goldman Sachs led the way in global deal-making in the first nine months of 2014, advising on 30.7 percent of all mergers and acquisitions.
Oct 1- The California Public Employees' Retirement System, or Calpers, on Wednesday said it disagreed with a U.S. bankruptcy judge's ruling that Stockton, California, could impair worker pensions as part of the city's proposed financial restructuring. "This ruling is not legally binding on any of the parties in the Stockton case or as precedent in any other...
Oct 1- Online auctioneer Liquidity Services Inc said it will cut about 130 full-time and temporary jobs through 2015 after it paid more for a contract with the U.S. Department of Defense to auction goods such as field gear and boats. Losing a contract to auction DoD vehicles also led to the job cuts, spokeswoman Julie Davis said. The company, which provides online...
The U.S. bankruptcy judge overseeing Stockton, California's municipal bankruptcy trial ruled that Calpers could be forced to absorb losses.
TORONTO, Oct 1- Royal Bank of Canada has decided not to divest its U.S. proprietary trading arm in its current form but will work to comply with new regulations there, the lender said on Wednesday. Canada's largest bank by market capitalization said it has been actively working to restructure the proprietary trading business- which uses the bank's own funds- to...
SACRAMENTO, Calif., Oct 1- The judge overseeing the Stockton, California, bankruptcy on Wednesday ruled the state's huge pension system, Calpers, can be impaired as part of the city's financial restructuring. Bankruptcy Judge Christopher Klein said the city's contract with the California Public Employees' Retirement System could be rejected.
Oct 1- The New York Times Co said on Wednesday it would cut jobs, including about 7.5 percent of newsroom positions, to lower costs as advertising revenue from its print business dwindles and new products fall short of expectations. The company's shares rose as much as 9 percent.
Oct 1- The New York Times Co said on Wednesday it would cut jobs to lower costs and invest the savings in its "digital future" as advertising revenue from its print business dwindles, sending the company's shares up 7 percent.
Oct 1- The New York Times Co said it planned to cut jobs to lower costs and invest the savings in its "digital future." "The reduction in positions will vary across the company," the New York Times said in a regulatory filing.
Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.
Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.
ZURICH, Sept 30- Cement makers Holcim and Lafarge are stepping up plans to shed assets in order to win clearance from competition regulators for their planned mega-merger, including possibly spinning them off into a new company.
Sept 29- A U.S. judge held Argentina in contempt of court on Monday, saying the republic was trying to find ways to circumvent a prior order requiring it pay holdout bondholders at the same time as other creditors who restructured their debt in recent years.
DUBAI, Sept 29- Dubai's Emaar Properties has priced the initial share sale of its malls business at the top end of the proposed range, marking another milestone in the return of investor confidence in the Gulf Arab state after the financial crisis.
Sept 26- Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.
DETROIT, Sept 25- Kevyn Orr will end his 18- month term as Detroit's emergency manager this week, leaving a city still mired in operational and fiscal uncertainty and arguing in court for approval of its bankruptcy plan.
"The stock is correct in going higher" in response to the deal, says CNBC's Jim Cramer.
Pharma giant Pfizer has been in talks for a potential acquisition of its rival Actavis in recent weeks, according to the WSJ.
BEIJING, Sept 23- Chinese state metals trader Sinosteel Corp is not about to undergo a restructuring as a result of mounting debt, a company official said on Tuesday, denying domestic media reports.
Sept 23- Trading firm KCG Holdings Inc said it has begun cutting 4 percent of its workforce to focus on areas with potential for growth.