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Valeant Gets Lender Deal to Waive Default, Loosen Debt Terms

2016-04-08 01:47:42| Biotech - Topix.net

Valeant Pharmaceuticals International Inc. won the support of its lenders to waive a default and ease some restrictions on its loan pact as the drugmaker seeks to rein in its $32 billion debt load. The company expects to close the amendment and waiver next week, according to a statement on Thursday.

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United Airlines agrees to contract terms for 30,000 workers

2016-04-05 01:29:24| Airlines - Topix.net

The International Association of Machinists & Aerospace Workers said Monday that the contracts, if ratified, would increase pay by about 30 percent over five years and also raise defined-benefit pensions and stop outsourcing of work now done by the union's members. United said the agreements followed just four months of negotiations and were reached before the date when old contracts could normally be updated.

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Oculus Rift pre-orders get free shipping, but its Terms of Service raises eyebrows

2016-04-04 20:43:51| Extremetech

Oculus will offer free shipping to all preorders as a way to apologize for recent delays in getting hardware out the door, but the company's Terms of Service are going to be a concern for at least some users.

Tags: terms free service shipping

 

AddLife publishes terms and conditions of rights issue

2016-03-30 17:53:14| Appliances - Topix.net

The Board of Directors of AddLife AB has today resolved on the terms and conditions of the share issue with preferential rights for existing shareholders in AddLife . The purpose of the Issue is to create a financial base for continued profitable growth through acquisitions of Life Science companies in the Nordic region that can bolster AddLife's existing operations or contribute with new product or market segments where the conditions are right for taking leading niche positions.

Tags: rights terms conditions issue

 

Egypt sets terms for dollar payments to foreign airlines

2016-03-06 18:53:53| Airlines - Topix.net

Egypt's civil aviation ministry has announced a new agreement for foreign currency payments to international airlines, who have been unable to repatriate earnings due to banking restrictions, Reuters reports. Last week Air France-KLM publicly announced that operations were becoming 'unsustainable' due to the delays in releasing dollars from Egypt to cover essential costs such as salaries, aircraft leasing and jet fuel, which all must be paid in dollars.

Tags: terms foreign sets dollar

 

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