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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.
Alcatel Seeks $2.7 Billion After Stock Doubles Under Combes
2013-11-04 14:43:06| Telecom - Topix.net
Alcatel-Lucent SA is seeking $2.7 billion via a combination of new shares and debt, taking advantage of a stock that has more than doubled since Michel Combes took over as chief executive officer to finance the network-equipment maker's overhaul.
Tags: under
stock
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seeks
Parent of Special Metals Reports $2.36 Billion in Sales
2013-11-04 07:56:10| Industrial Machines - Topix.net
Precision Castparts Corp. delivered continued strong sales and earnings in the second quarter of fiscal 2014, driven by solid commercial aerospace demand, steady recovery in power markets, further top- and bottom-line contributions from TIMET, and unrelenting focus on operational improvements in each of the Company's facilities.
Tags: special
sales
reports
parent
Hess Sells Marketing Business For $1.2 Billion
2013-11-01 18:25:00| OGI
The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, industrial and small business customers in the eastern half of the U.S.
Tags: business
marketing
billion
sells
Diamond Offshore Prices $1 Billion Debt Offer
2013-11-01 18:10:00| OGI
Tags: offer
prices
debt
diamond
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