Nov 19 The following corporate finance-related
stories were reported by media on Monday:
* BP Plc plans to spend up to 3.7 billion pounds
($5.9 billion) buying back its shares after agreeing last week
to pay record criminal penalties over the Deepwater Horizon
disaster, Britain's Sunday Times said in an unsourced report.
* Online grocer Ocado has opened talks with lenders
about a potential renegotiation of its loan terms, but claims it
is not in imminent danger of breaching its banking covenants,
the Telegraph reported.
* Danish oil and shipping group A.P. Moller-Maersk
will not invest significantly in its shipping
business over the next five years and will focus on its oil,
drilling rigs and ports, the Financial Times reported.
* Online financial services company E*Trade Financial Corp
will shut down its British brokerage business as the
company shifts focus back to its core U.S. operations, the Wall
Street Journal reported, citing people familiar with the