Kodak prepares $406 million offering as it eyes bankruptcy exit
(Reuters) – Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.
Ex-Lockheed official joins board of Norwegian titanium firm
PARIS (Reuters) – Chris Kubasik, fired last year as Lockheed Martin Corp’s incoming CEO after having an affair with a subordinate, said he has joined the board of directors of a Norwegian titanium producer that works closely with Spirit AeroSystems Inc…
Tinkler gives up half of Whitehaven stake to lender
MELBOURNE (Reuters) – Struggling Australian tycoon Nathan Tinkler has given up nearly half of his stake in Whitehaven Coal Ltd for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the …
Dish abandons Sprint bid for now to focus on Clearwire
NEW YORK (Reuters) – Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp.
Vodafone raises Kabel Deutschland offer after rival bid: report
(Reuters) – Britain’s Vodafone Group Plc has raised its preliminary offer to buy Germany’s largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing peo…
U.S. lawmakers urge careful review of American-US Airways deal
WASHINGTON (Reuters) – Two U.S. lawmakers with antitrust oversight have urged the Obama administration to carefully review a planned merger of American Airlines and US Airways Group to ensure that it will not lead to higher prices for air travelers.
Exclusive: SunGard explores $2 billion data unit sale – sources
NEW YORK (Reuters) – SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter …
UK’s Osborne to unveil future of state-controlled banks
LONDON (Reuters) – The fate of Britain’s two state-controlled banks will become clearer on Wednesday, when finance minister George Osborne is likely to start the clock ticking for the sale of the government’s stakes.
Dolce and Gabbana face verdict on alleged tax evasion
MILAN (Reuters) – An Italian court is expected to rule on Wednesday on whether legendary fashion duo Domenico Dolce and Stefano Gabbana should be sent to prison for allegedly hiding hundreds of millions of euros from the tax authorities.
United Technologies told to pay $473 million to U.S. in lawsuit
(Reuters) – A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s.
