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Hedge Funds Burned in Shire Double Down on Covidien Deal

2014-11-12 21:49:22| Biotech - Topix.net

Hedge funds bruised by wrong-way bets on AbbVie Inc.'s failed merger with Shire Plc are showing few signs the trauma was permanent. At least three firms that speculated on the doomed $52 billion drug industry takeover -- Paulson & Co., Taconic Capital Advisors LP and Pentwater Capital Management LP -- have reported stakes tied to Medtronic Inc.'s offer for Covidien Plc , according to filings with the Irish Takeover Panel.

Tags: double deal funds burned

 

Four charged with murder in Downtown El Paso burned body case

2014-11-12 01:53:41| Energy - Topix.net

Four people accused in the brutal slaying and burning of a man in a Downtown El Paso building's basement in September have been formally charged with murder. A state district court grand jury indicted Brittney Stewart, Jerry Lynn McGavitt and Jesus Barraza last week.

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Utilities feel burned by solar-energy users

2014-11-02 12:57:20| Energy - Topix.net

People like Jack Hedge scare utility executives. He has rooftop solar panels that generate more electricity than his house needs.

Tags: users feel utilities burned

 

The Week in Birmingham History: Vulcan's torch burned green for first time

2014-10-19 14:51:52| Energy - Topix.net

Bevel was a top lieutenant to Martin Luther King, Jr. and architect of the 1963 Children's Crusade in Birmingham. But in 2008, a jury convicted Bevel of incest for having sex more than a decade earlier with a then-teenage daughter.

Tags: time history week green

 

United Kingdom: Mark Carney: most fossil fuel reserves can't be burned

2014-10-13 14:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions. According to reports, Carney told a World Bank seminar on integrated reporting on Friday that the vast majority of reserves are unburnable if global temperature rises are to be limited to below 2C. Carney is the latest high profile figure...

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