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Search results for "LTD"



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EXCLUSIVE-Puerto Rico's PREPA in tentative pact with bond insurers- sources

Dec 1- Puerto Rico's power authority PREPA has reached a tentative debt restructuring deal with bond insurers including Assured Guaranty and MBIA Inc's National Public Finance Guarantee, according to two sources familiar with the matter. The deal still needs the approval of the PREPA board, the sources said, but has been signed by representatives for all...
Source: Reuters
UPDATE 3-China oil storage lease helps revive Caribbean refiner Hovensa

NEW YORK, Dec 1- A long-sought deal to bring a Caribbean oil refinery out of bankruptcy emerged on Tuesday, unexpectedly including a partnership with U.S. commodity trader Freepoint and handing Asia's biggest oil refiner, Sinopec, access to a huge oil storage facility. U.S. private equity firm ArcLight Capital, together with Freepoint, unveiled plans on Tuesday...
Source: Reuters | By: Joshua Schneyer
UPDATE 1-Toymaker VTech hit by largest ever hack targeting kids

Dec 1- A cyber attack on digital toymaker VTech Holdings Ltd exposed the data of 6.4 million children, the company said on Tuesday, in what experts called the largest known hack targeting youngsters. Security experts said they expected the size of the breach would prompt governments to scrutinize VTech and other toymakers to review their security.
Source: Reuters | By: Jim Finkle
UPDATE 1-Ackman's Pershing Square off 15 percent for the year -source

BOSTON, Dec 1- Billionaire investor William Ackman's Pershing Square Capital Management hedge fund lost 2 percent in November and ended the first 11 months of the year with a 17 percent loss, a person familiar with the number said. But on Tuesday, a nearly 10 percent rise in the stock of Valeant Pharmaceuticals, Ackman's biggest holding, helped pare the decline,...
Source: Reuters
Auto legend on record-breaking sales  

Bob Rohrman, Lexus of Arlington owner, weighs in on auto sales and what to expect by year end.
Source: CNBC.com
Santa rally? Stocks close higher on first day of Dec.

U.S. stocks closed near session highs Tuesday, the first trading day of December, shaking off intraday pressure from weak manufacturing data.
Source: CNBC.com | By: Evelyn Cheng
UPDATE 4-U.S. November auto sales keep pace for record 2015

Figures may be revised on Wednesday when Daimler AG issues Mercedes-Benz results, Autodata said. "Black Friday has become a much bigger part of the auto industry over the last several years," said Nissan's U.S. sales chief, Dan Mohnke. Jeff Schuster, forecaster for LMC Automotive, said promotions drew customers even if incentives did not rise sharply.
Source: Reuters | By: Bernie Woodall
UPDATE 2-Bank of China faces daily contempt fines in U.S.-court ruling

NEW YORK, Dec 1- A U.S. judge will impose a daily fine of $50,000 against Bank of China Ltd starting next week after holding it in contempt for refusing to turn over account information on Chinese customers accused of selling counterfeit luxury goods. Bank of China is appealing the civil contempt order and fine. Bank of China, which is not a defendant, said it could not...
Source: Reuters | By: Jonathan Stempel
UPDATE 3-Vale sees at least $443 mln mine disaster costs, long clean-up

NEW YORK, Dec 1- Brazil's Vale SA said November's deadly mining disaster could cost it at least $443 million, but said it was too early to put a price tag on what it expects to be a long clean-up from the pollution spilled in the dam burst. Chief Executive Officer Murilo Ferreira said environmental recovery from the disaster on Nov. 5 at the Samarco joint venture...
Source: Reuters | By: Luc Cohen
US bonds rise amid data; central banks eyed

U.S. sovereign bonds rose on Tuesday, as investors digested data and kept an eye on major central banks.
Source: CNBC.com | By: Katy Barnato