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Vedanta Seeks to Raise Finance for Cairn India Deal, FT Says
Vedanta Resources Plc has started contacting banks as it seeks to raise financing for its planned $9.6 billion acquisition of a majority stake in Cairn India Ltd., the Financial Times reported, citing a person familiar with the deal.
Read more...Equity Fund Outflows $6.87 Billion, Bond Inflows Jump
Global-tracked equity funds posted their biggest collective outflows for 14 weeks as investors poured money into bonds at the fastest rate since May, EPFR Global said in an e-mailed statement.
Read more...Foster’s Group Rejects Bid for Wine Business of A$2.3B- A$2.7B
Foster’s Group Ltd. rejected an unsolicited expression of interest from an international private equity firm to acquire the wine assets of Treasury Wine Estates. The proposal involved a cash consideration of between A$2.3 billion and A$2.7 billion, the company said.
Read more...Hurricane Earl Still 80 MPH Storm on Path Past New England
Hurricane Earl, still a Category 1 storm with 80-mph winds, is “losing its punch” as it heads north toward the Massachusetts coast, the National Hurricane Center said at 5 p.m. Earl is about 230 miles south-southwest of Nantucket, where hurricane warnings remain in effect.
Read more...Ontario education system needs help
I write in response to the flurry written recently in regards to the initial letter by Elizabeth Fournier -- Congratulations seem misplaced. Once again instead of parents and teachers working together for the sake of the student, it appears finger-pointing has become the theme of the day.[...]
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