Eneva SA, whose main shareholders EON SE and Eike Batista Brazilian utility firm Eneva SA, whose main shareholders are German EON SE and Brazilian mogul Eike Batista, is in discussion with banks and its partners on means to avoid the redemption of USD300 million worth of indebtedness owed by a natural gas company it owns with Batista.
Corporations
LinnCo's bid for Berry Petroleum under SEC review
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
France's Aulnay plant closes shop
Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.
DuPont to spin off high end chemicals unit
In a tax free spin off, DuPont would be able to spend just USD0.01 to USD0.02 per share. The largest chemicals maker in the United States in terms of value, Dupont Co.
Twitter shares priced between USD17 and USD20
With an upper range of USD20 per share, the total enterprise value of Twitter is at USD10.9 billion.
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Microinverter maker Sparq Systems Inc secured USD 2.75 million from MaRS Cleantech Fund and other venture capital firms.
Canada-based Saputo's bid of USD 432 million had so far bested all other offers for Warrnambool Cheese & Butter Factory Co.
The procedures for the Nov 19 auction had been approved by a bankruptcy court. US supermarket chain Fresh and Easy Neighborhood Market Inc won approval in court of its scheduled Nov.
ICU Medical Inc sought to sell itself but recent negotiations had broken down with one prospect, GTCR LLC.
Banks bought more shares of ING Groep's US unit. Netherlands-based ING Groep said the underwriters for the share sale of its US insurance business would be buying additional shares.
Boeing has to cut production of its 747 jets because of the changing economic landscape, a report said.
The Boeing 747 could be headed towards an uncertain future, according to an Associated Press report.
Muddy Waters' Carson Block sent out an email saying that 72% of NQ Mobile's revenues were 'fictitious".
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
