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LabCorp raising $2.9 billion to help fund Covance purchase
2015-01-22 20:12:56| Biotech - Topix.net
As it heads toward potentially closing on its $6.1 billion purchase of Covance next month, Burlington-based Laboratory Corp. of America is looking to sell $2.9 billion in senior notes to help fund the deal. LabCorp announced the offering Wednesday , with the notes being sold in four tranches with maturities between 2020 and 2045, and interest rates from 2.625 percent to 4.7 percent, depending on maturity date.
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Contractor Cites Pension Fund Claim as Reason for Bankruptcy
2015-01-21 01:28:47| ENR.com: Headline News
Tennessee masonry contractor Wasco takes an unusual step in seeking protection during a messy disagreement over millions a union pension fund says the company owes.
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contractor
Hedge Fund News: Eric Mindich, Nelson Peltz, Ken Griffin
2015-01-20 02:22:54| Food - Topix.net
Hedge Fund Eton Park Eyes Energy Sector, Avoided 2014's Pitfalls Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management , is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. "We have completely avoided exposure to the high yield debt of energy companies and to energy-impacted emerging markets, but as the price of these bonds trade down, we are spending increasing amounts of time researching opportunities in this space," Eton Park wrote in a letter to clients dated Jan. 16 and seen by Reuters.
Global climate fund on US Republicans' budget hit list
2015-01-20 01:06:17| Climate Ark Climate Change & Global Warming Newsfeed
Age: The yearly battle over the US budget officially begins on February 2, when the president plans to send his fiscal 2016 funding proposal to Congress, where it will be torn to shreds or ignored entirely. While the annual drama involves trillions of dollars, it's usually of limited interest to far-flung governments around the world. Not this year, though, thanks to a budget line item whose fate will be closely tracked by an international audience. The line item of interest is President Barack...
TLC looks to fund final album through Kickstarter campaign
2015-01-19 18:38:36| Automakers - Topix.net
Grammy-winning R&B group TLC is depending on fans to fund the release of their final album through a Kickstarter campaign. The group, which currently consists of T-Boz and Chilli, launched the campaign on Monday.
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