Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
United States
AstraZeneca purchases Spirogen for USD440 million
British drugmaker AstraZeneca announced on Tuesday that it had purchased biotech company Spirogen in a deal worth USD440 million in total.
Creditors of Energy Future fight over equity split
Secured lenders at Texas Competitive Electric Holdings and unsecured bondholders at Energy Future Intermediate Holdings (EFIH) were in a deadlock about their confidentiality agreements due to Energy Future Holdings' USD250 bond debt payments due on November 1.
Capitol Bancorp inks deal to sell stock of consolidated entities to Talmer Bancorp
Capitol Bancorp has signed an agreement with Talmer Bancorp for the sale of the common stock of Capitol's consolidated entities.
Citigroup, State Street puts measures in place for potential US government debt default- report
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Latest News
A snow storm in South Dakota killed thousands of cattle and caused tens of millions in losses. A sudden storm that came earlier than winter decimated thousands of cattle in South Dakota.
VEBA Trust pegs shareholdings at USD3.6 billion. The healthcare trust affiliated with the United Auto Workers union had finally placed a price tag on the worth of its shares in Chrysler Group.
Wal-Mart Stores Inc and Xerox Corp blamed each other for the glitch that caused food stamp recipients to go on an all-out shopping spree over the weekend.
Xerox Corp said the glitch that affected food stamp beneficiaries in 17 states was caused by a temporary shutdown of the system after a test was performed.
Senate Congressional leaders from both parties have progressed as to reaching a deal on the debt ceiling and the budget impasse.
Food stamp recipients went for a two-hour shopping spree in Louisiana after a glitch removed spending limits on their cards.
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
Maintenance, repair and overhaul firm Ascent Aviation Services Corporation receives capital infusion from private equity firm LongVue Capital.
KKR purchases Mitchell International from Aurora Capital for an undisclosed amount. Aurora Capital is a private equity firm managing over USD2 billion of assets based out of Los Angeles.
