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US wins bid to seize $US300 million in Uzbek bribery probe

2015-07-10 05:08:31| Telecom - Topix.net

New York: The US Justice Department has won permission to seize $US300 million claimed to be the proceeds of an international bribery scheme involving two Russian phone companies and a relative of Uzbekistan's president. US District Judge Andrew Carter gave approval on Thursday to the government to seize the funds held in Bank of New York Mellon Corporation in Ireland, Luxembourg and Belgium and Clearstream Banking SA accounts in Luxembourg linked to the companies.

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INTL FCStone Arranges $155 Million of Debt Facilities for Hyundai Merchant Marine

2015-07-09 19:58:19| Telecom - Topix.net

INTL FCStone Financial Inc. today announced that the investment banking group of its Broker-Dealer Division acted as the exclusive financial adviser, together with Hyundai Securities of South Korea, to Hyundai Merchant Marine Co., Ltd in arranging $155 million of debt facilities for Hyundai Merchant Marine , Inc. , a wholly owned subsidiary of HMM, with funds and accounts managed by affiliates of Apollo Capital Management, LLC on June 25th, 2015. HMM is a leading global shipping company headquartered in South Korea with business operations in dry, wet bulk and container shipping services, and marine terminals.

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Smart Electricity Meters to Total 780 Million in 2020, Driven by Chinas Roll-out

2015-07-09 18:39:00| Transmission & Distribution World

Mass roll-outs in China continue to push the global smart meter market, which had nearly 210 million units installed as of 2014. Content Classification:  Curated read more

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Guardrail Maker Fights $663 Million Judgment

2015-07-09 14:01:24| Railroads - Topix.net

Trinity Industries asked a federal judge to toss a $663 million judgment against it and grant a new trial on guardrails blamed for spearing motorists in crashes. Trinity claims that new evidence will show that its ET-Plus guardrails passed inspection.

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Will the Gateway tunnel ever happen? Amtrak has bet $300 million that it will

2015-07-09 07:51:17| Railroads - Topix.net

A new train tunnel linking New York and New Jersey, seen by experts as crucial to relieving the bottleneck under the Hudson River, is on the verge of getting underway. Mr. Coscia said Amtrak could begin the environmental review process this fall, and has already spent about $300 million on preparatory work and land acquisition, even though the estimated $15 billion needed for the larger Gateway project, which includes the tunnel, has not been lined up.

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