French Oilfield services provider Technip (TNHPF.PK, TKPPY.PK), leader of a consortium with Samsung Engineering Co Ltd and China Huanqiu Contracting & Engineering Corporation, Wednesday said it was awarded by Pacific NorthWest LNG Limited Partnership a contract for the front end engineering design and...
Ford Motor Co. (F) Wednesday said it would add an additional 200,000 units of annual straight-time capacity this year. In addition, Ford will produce an extra 40,000 units by idling select plants for only one week during the traditional two-week summer shutdown.
The 200,000 annual straight-time capacity...
Nutritional products maker Herbalife Ltd. (HLF) said Tuesday that its board of directors has appointed PricewaterhouseCoopers LLP as the company's independent auditors.
In April, KPMG LLP resigned as the independent auditor for Herbalife following alleged insider trading by one of its former senior...
Singapore-based financial services group DBS Group Holdings (DBSDY.PK, DBSDF.PK) reportedly won the approval of Indonesia's central bank to acquire a 40 percent stake in PT Bank Danamon Indonesia Tbk.
There is also the possibility of enhancing the stake if reciprocity conditions between the two countries...
Japanese consumer electronics company Sony Corp. (SON.L, SNE) is considering evaluating a proposal to spin off its entertainment business, the Nikkei business daily reported Tuesday.
At a board meeting on Wednesday, Sony will reportedly consider a proposal from its major shareholder, U.S-based hedge...
Intelsat S.A. [I], announced that its subsidiary, Intelsat Jackson Holdings S.A., priced $2 billion of 5 1/2% senior notes due 2023 at an offering price of 100% and $635 million of 6 5/8% senior notes due 2022 at an offering price of 106.25%. The company predicts to close the notes offering on June 5,...
Cinemark Holdings, Inc. (CNK) announced that its wholly-owned subsidiary, Cinemark USA, Inc. priced private offering of $530 million of 4.875% Senior Notes due 2023. The company expects to close the offering on May 24, 2013.
The 2023 Notes will be guaranteed by certain of subsidiaries that guarantee...
Alcobra Ltd., an emerging biopharmaceutical company primarily focused on the development and commercialization of a proprietary drug, MG01CI, announced the pricing of initial public offering of 3.125 million ordinary shares at $8.00 per share, below its expected price range. The offering is expected...
Mortgage finance giant Fannie Mae (FNMA) plans to sell $2 billion of commercial mortgage bonds or CMBS that were issued before the 2008 financial crisis, Bloomberg reported Tuesday, citing people familiar with the offering.
The sale is reportedly part of the company's efforts to reduce holdings of...
US Airways Group, Inc. (LCC) said Tuesday that it has priced $500 million of its 6.125% Senior Notes due 2018, which represents an increase of $100 million from the previously announced size of the offering.
The company plans to use the proceeds from the senior notes offering for general corporate...
Ironwood Pharmaceuticals, Inc. (IRWD) said Tuesday that it has priced an underwritten public offering of 10.5 million shares of its Class A common stock at a price of $13.00 per share to the public.
The gross proceeds to Ironwood from this offering are expected to be about $136.5 million, before...
Fitch Ratings said Tuesday that it has affirmed Goldcorp Inc.'s (GG) Issuer Default Rating and ratings on the unsecured revolving credit and unsecured notes at 'BBB'.
The Rating Outlook is Stable.
Fitch said Goldcorp's credit rating reflects its sizable long lived reserves in areas of relatively...
Lorillard, Inc. (LO), the third largest manufacturer of cigarettes in the United States, said Tuesday that its Board of Directors amended the company's existing $500 million share repurchase program to authorize an additional $500 million in repurchases, authorizing the company to repurchase in the aggregate...
Pinnacle Entertainment, Inc. (PNK) said Tuesday that it has promoted Carlos Ruisanchez to President & Chief Financial Officer, effective immediately.
Ruisanchez previously held the position of Executive Vice President & Chief Financial Officer. He has been with the company since August 2008 and has...
Shares of Saks Inc. (SKS) surged 18 percent in extended trading, after a report said the luxury retail chain has hired Goldman Sachs Group Inc. (GS) to explore strategic alternatives, including a sale of the company.
The New York Post reported after the bell that Saks has hired Goldman in recent weeks...