Business Events


  • May 8- Freeport-McMoRan Copper& Gold Inc said on Thursday it would buy Apache Corp's deepwater oil and gas projects in the Gulf of Mexico for $1.4 billion, a day after saying it would shed $3.1 billion in Eagle Ford shale assets in Texas.

  • NEW BRUNSWICK, N.J., May 8- Barnes& Noble Inc is turning to its college roots to boost its top line.

  • DirecTV talking to advisers on possible AT&T merger Wednesday, 7 May 2014 | 5:12 PM ET

    DirecTV is working with advisers including Goldman Sachs to weigh a possible merger with AT&T, according to Dow Jones, which cited sources.

  • May 7- AOL Inc on Wednesday said its quarterly profit declined, with its stock price falling 22 percent as it missed earnings expectations due to the cost of restructuring its digital and media entertainment businesses.

  • Fear of economic blow as births drop around world Wednesday, 7 May 2014 | 4:26 PM ET

    Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.

  • Desert ceremony celebrates Turkmenistan-China gas axis Wednesday, 7 May 2014 | 7:47 AM ET

    *Bagtyarlyk field to boost Turkmen gas exports to China. BAGTYARLYK FIELD, Turkmenistan, May 7- China cemented its position as the top importer of Turkmen gas, ahead of Russia, at a ceremony on Wednesday to open a new plant at a major field, attended by the Turkmen president seated on a lavishly gilt throne.

  • May 6- U.S. fertilizer company Mosaic Co said on Tuesday it will eliminate more than 500 jobs in the next year as it reported a larger-than-expected 43 percent drop in quarterly profit.

  • German retailer Metro to step up expansion in India Monday, 5 May 2014 | 7:00 AM ET

    *Uncertainty over India stance on foreign retailers. DUESSELDORF, May 5- German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country by 2020, up from 16 now, as part of a broader strategy for growth in emerging markets.

  • Oncor avoided bankruptcy because of a credit provisions called a ring-fence put in place in 2007 to satisfy Texas legislators and regulators worried about the $40 billion debt created in the leveraged buyout by a group of private equity firms led by KKR& Co LP.

  • *Judge favors settlement over litigation; parties hesitant. NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.

  • GM's fate in hands of bankruptcy judge...again Friday, 2 May 2014 | 1:30 PM ET

    New York bankruptcy Judge Robert Gerber oversaw GM's bankruptcy. Now the same judge must decide whether to lift the shield he put in place.

  • NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch.

  • PREVIEW-GM's fate in hands of bankruptcy judge - again Thursday, 1 May 2014 | 9:02 PM ET

    NEW YORK, May 1- Five years ago, New York bankruptcy Judge Robert Gerber oversaw the historic bankruptcy of General Motors, establishing a new company that is shielded from liability for the actions of its precursor.

  • WILMINGTON, Del, May 1- The largest power company in Texas, Energy Future Holdings Corp, began its bankruptcy turnaround by securing approval for an interim loan after seven hours of contentious arguments in a Delaware bankruptcy court.

  • WILMINGTON, Del, May 1- Hearings kicked off one of the biggest-ever U.S. bankruptcies on Thursday with creditors of Energy Future Holdings Corp, the largest power company in Texas, airing grievances over timing, value and how to administer the case.

  • HOUSTON, April 30- Texas- based power company Energy Future Holdings has $11.8 billion in debtor-in-possession loans to back operations through the massive Chapter 11 bankruptcy that it filed for on Tuesday.

  • April 29- Britain's Rolls-Royce said on Tuesday it was in talks with Germany's Siemens AG to sell a unit that makes equipment for the oil and gas industry and power-generation gear for utilities.

  • Texas' Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 12:26 PM ET
    The Luminant Lake Hubbard natural gas power plant, a subsidiary of Texas Energy Future Holdings LP, stands in Dallas, Texas.

    Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • April 29- Winthrop Realty Trust said its trustees adopted a liquidation plan for the company that could fetch at least $13.80 per share. A meeting with shareholders for approval of the plan would be held before August and liquidation will be completed within two years, the Boston- based real estate investment trust said in a statement.

  • April 29- Encana Corp, Canada's largest natural gas producer, said it had agreed to sell about 90,000 net acres in east Texas for about $530 million to an undisclosed buyer, as part of a plan to cut its dependence on low-value natural gas.