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Kroger CFO talks about Safeway deal, growth plans
2014-03-14 13:34:44| Grocery - Topix.net
Kroger Co. CFO Mike Schlotman has been making the rounds, talking to analysts at two diferent investor conferences in two days.
BP closer to restoring US operations after deal with government agency
2014-03-14 12:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: BP is closer to restoring its operations and reputation in the US after agreeing a deal with environmental protection authorities that it will enable the oil firm to bid for new drilling rights in the Gulf of Mexico. The British-based group had started legal proceedings against the US environmental protection agency (EPA) which had banned BP from new contracts on the grounds that it had failed to correct problems properly since the Deepwater Horizon disaster in 2010. BP said it had now dropped...
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US: Aeropostale in financing deal as Q4 loss widens
2014-03-14 11:33:00| Daily apparel & textile news and comment - from just-style.com
Hopes of a turnaround at Aeropostale seem to be some way off after the struggling teen apparel retailer said its performance in 2013 was "not acceptable" after it widened its net loss in the fourth-quarter.
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widens
Vodafone agrees deal to buy Ono for over EUR 7 bln - report
2014-03-14 09:36:00| Telecompaper Headlines
(Telecompaper) The shareholders of Spanish cable operator Ono have approved plans for an initial public offering as some Spanish press sources, including business daily Expansion and online newspaper El Confidencial, report that Vodafone has had a bid of around EUR 7.2 billion accepted by the Spanish company. The increased offer, which includes Ono's net debt of around EUR 3.3 billion, is Vodafone's third bid for the operator, which continued working on alternative plans for a flotation after rebuffing previous offers of EUR 6 billion and EUR 6.5 billion. The new bid is around 10 times Ono's EBITDA for 2012 of EUR 752 million and is said to have convinced Ono's key shareholders including Providence Equity Partners, Thomas H. Lee Partners, CCMP Capital Advisors LLC and Quadrangle Capital Partners, which hold about 54.4 percent of the operator. Neither party has made any official announcements regarding the takeover which, according to Expansion, could be finalised by 17 March after the full equity value of the deal, as well as compensation for antitrust issues and the cost of upgrading customers or networks, are agreed upon.
AT&T completes Leap Wireless deal
2014-03-14 01:00:00| Total Telecom industry news
Leap to operate as an independent subsidiary, keep Cricket brand.
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