Edition:
United States

Sneha Banerjee

Appaloosa sues to block SunEdison unit from buying Vivint assets

Jan 13 2016

David Tepper-led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from buying some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer.

Valeant to appoint interim CEO as Pearson remains hospitalized: source

Jan 05 2016

Valeant Pharmaceuticals International Inc will appoint an interim chief executive officer to replace Michael Pearson who is hospitalized, a source familiar with the matter told Reuters, news that sent shares down 7 percent on Tuesday. The source did not clarify whether the CEO would be temporary or would permanently replace Pearson, 56, who is recovering from a severe case of pneumonia.

Magnum Hunter latest oil producer to seek bankruptcy

Dec 15 2015

Oil and gas producer Magnum Hunter Resources Corp and its affiliates filed for Chapter 11 bankruptcy protection on Tuesday to carry out a debt-cutting plan as a prolonged slump in oil prices has depleted the company's cash.

Dow-DuPont talks driven by investor pressure, weak farm demand

Dec 09 2015

Merger talks between Dow Chemical Co and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago.

Dow-DuPont talks driven by investor pressure, weak farm demand

Dec 09 2015

Dec 9 Merger talks between Dow Chemical Co and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago.

All eyes on margins ahead of Lululemon earnings

Dec 09 2015

VANCOUVER/BENGALURU, Dec 9 Investors will be scrutinizing inventory and margins when Lululemon Athletica reports its third quarter earnings on Wednesday, as fears mount that competitors are eroding the yoga wear-maker's share of the lucrative athleisure market.

Devon Energy to buy assets from Felix; sell some holdings

Dec 07 2015

Oil producer Devon Energy Corp said it would buy some assets from Felix Energy LLC for $2.5 billion and raise $2 billion-$3 billion from asset sales, as the company reshapes its portfolio amid a slump in oil prices.

Norfolk board rejects Canadian Pacific's $28.4 billion offer

Dec 04 2015

U.S. railroad operator Norfolk Southern Corp said on Friday its board had rejected Canadian Pacific Railway Ltd's $28.4 billion offer, calling it "grossly inadequate" and could face substantial regulatory hurdles.

Appaloosa questions TerraForm Power's Vivint deal

Dec 01 2015

Hedge fund Appaloosa Management LP said SunEdison Inc yieldco TerraForm Power Inc's proposed purchase of residential solar assets from SunEdison represented a change in TerraForm's business model and put shareholders at risk.

Saks to start Black Friday sales early: Hudson's Bay CEO

Nov 24 2015

Black Friday comes early to Saks Fifth Avenue stores this year.

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