Standard and Poor's (S&P) had concluded that Playboy Enterprises Inc would likely be under pressure from its USD185 million loan-covenant to reduce its loans and increase its earnings.
Corporations
Ashok Vemuri resigns from Infosys board
Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.
Frankfurt court clears Deutsche Telekom of overcharging
Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Seadrill expects high profits in coming years
Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.
Thailand to appeal Philip Morris win in tobacco case
The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.
Latest News
A 2009 lawsuit brought against Charles Schwab & Co Inc had been revived by a New York state appeals court.
Australia's AGL Energy Ltd said that weakened demand prompted the company to delay the development of its power plants.
U.S. Justice Department asked a federal court to set trial date on March 3 to hear arguments on whether it should halt a planned merger between US Airways and American Airlines.
Plains All American Pipeline LP offered USD740 million in stock to buy the 54% of PAA Natural Gas Storage LP that it does not already own.
A Philippine regulator postponed the bid for a ticketing system to be used by the MRT and LRT. The Department of Transportation and Communications (DOTC) in the Philippines deferred the submission of bids for the ticketing system of the country's rail transportation systems.
Sources told Bloomberg that Inner Mongolia Sanwei Resources Group Co submitted an application for an IPO in Hong Kong worth USD 200 million.
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Sources said Grupo Mexico would delay its planned initial public offering of its America Mining stake.
Las Vegas Sands Corp pays USD47.4 million to end federal probe on suspicious cash flow. The Las Vegas Sands Corp, operator of the Venetian and Palazzo hotel complex in Las Vegas, agreed to pay USD47.
