Sectors
London edifice may be sold off
One of the tallest towers in the London business district would be sold off as its ownership group are at odds over a loan contracted for the property.
LightSquared's proposed auction under fire
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
CME seeks permission from CFTC
CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.
Caesar's Entertainment refinancing debt and restructuring loans
Caesar's Entertainment has planned to raise nearly five billion to refinance its overall debt. The largest casino owner in the United States, Caesars Entertainment Corp, raised a total of USD4.