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BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself, after months of shopping itself without getting a buyer. CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced today.

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Update: BlackBerry ditches CEO and accepts $1 billion loan from Fairfax, others

2013-11-04 16:03:23| InfoWorld: Top News

BlackBerry will change its CEO and accept a $1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself CEO Thorsten Heins will resign when the deal is complete, with former Sybase CEO John S. Chen joining the company as chairman and interim CEO, BlackBerry announced Monday.

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IDB grants $132.6m loan to 90MW wind project in Uruguay

2013-11-04 01:00:00| Power Technology

The Inter-American Development Bank (IDB) has approved a private sector loan of up to $132.6m for two wind power plants totaling 90MW in the department of Maldonado, Uruguay.

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PRESS RELEASE: Thorofare Capital Provides $11,500,000 Acquisition Loan in One Week for Sheraton Hotel in Naperville, IL

2013-11-01 19:40:00| National Real Estate Investor

Felix Gutnikov Thorofare Capital has announced that it has recently funded an $11.5 million acquisition loan for a newly re-branded Sheraton Hotel in Lisle/Naperville, a Chicago suburb. read more

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New York State Secures $1.6B DOT Loan for Tappan Zee Bridge Replacement

2013-10-31 23:38:31| ENR.com: Headline News

The U.S. Dept. of Transportation has approved a $1.6-billion loan for the replacement of New York's Tappan Zee Bridge.

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