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Houston energy company may file for bankruptcy
2014-10-11 03:18:41| Energy - Topix.net
Houston-based Endeavour International Corp. is continuing negotiations on a possible debt restructuring plan that would involve filing for Chapter 11 bankruptcy protection. The financially strapped and embattled oil and gas exploration and production company is in extensions of its forbearance agreements with noteholders after previously failing to make interest payments on its debt, including after a grace period that ended Oct. 1, and causing a default.
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Houston energy company may file for bankruptcy
2014-10-10 20:18:00| Oil & Gas - Topix.net
Houston-based Endeavour International Corp. is continuing negotiations on a possible debt restructuring plan that would involve filing for Chapter 11 bankruptcy protection. The financially strapped and embattled oil and gas exploration and production company is in extensions of its forbearance agreements with noteholders after previously failing to make interest payments on its debt, including after a grace period that ended Oct. 1, and causing a default.
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file
energy
houston
Manitowoc Company plans more layoffs
2014-10-10 15:56:52| Industrial Machines - Topix.net
MANITOWOC, Wis The Manitowoc Company is planning another round of layoffs in its ice-machine business. The firm told state officials it would lay off about 60 employees in early December.
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manitowoc
Symantec announces company split
2014-10-10 09:17:00| Telecompaper Headlines
(Telecompaper) Security software group Symantec has approved a plan to split the company into two independently traded companies, one focused on security and the other on information management (IM). The decision was taken after an extensive review of the company's business and strategy. Symantec said the move will allow each businesses to focus on unique growth opportunities, R&D investments, and go-to-market capabilities, to reduce operational complexity, enhance strategic flexibility, pursue partnerships, and to develop independent M&A strategies. They will also have distinct capital allocation policies. CEO Michael Brown will be the president and CEO of Symantec and Thomas Seifert will continue to serve as CFO. John Gannon will lead the new information management business as GM, with Don Rath as its acting CFO. Gannon served as president and COO of Quantum. Prior to Quantum, he led HP's commercial PC business. Rath joined Symantec in August 2012. The transaction is intended to take the form of a tax-free distribution to Symantec shareholders of 100 percent of the IM business in a new, independent, publicly traded stock. The expected stock distribution ratio will be determined at a future date. The company expects to complete the spinoff by the end of December 2015 and to incur separation and restructuring charges.
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Livingston Parish fire company to deal with underground fires
2014-10-10 08:07:01| Waste Management - Topix.net
The Department of Environmental Quality announced the deal Thursday. The DEQ forced the landfill to cease operations after the owner failed to make plans about how to deal with subterranean fires that have been burning for years.
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