Aubrey McClendon, a brash risk-taker who led Chesapeake Energy Corp to become one of the world's biggest natural gas producers, died in a single-car crash on Wednesday, a day after being charged with breaking federal antitrust laws, Reuters News reported. He was 56.
2 min read · 03 March 2016
Executives at some of Canada's biggest pension funds say they are looking more closely at the oil and gas sector, attracted by low valuations, but will take a scrupulous approach to deals given the uncertain oil price outlook, Reuters reported. The funds say they are prepared to overlook depressed oil prices in the short term if it means they can directly invest in assets at knock-down prices.
3 min read · 03 March 2016
General Electric Co (GE.N) said it would sell its India commercial lending and leasing businesses to a consortium of former GE Capital executives and Aion Capital Partners as it looks to trim itself and focus on its industrial businesses.
1 min read · 03 March 2016
InstarAGF Management said its flagship infrastructure fund had closed its first round of fundraising with $372 million in firm equity commitments, roughly half the fund's eventual target size, Reuters reported. Toronto-based InstarAGF, an asset management joint venture between Instar Group Inc and AGF Management Ltd, said it now expects to achieve the final closing of the fund, which has a targeted size of $750 million, by the end of 2016.
1 min read · 02 March 2016
2 min read · 02 March 2016
Private equity fund Energy & Minerals Group told investors on Wednesday it will stop entering new deals with Aubrey McClendon, the now deceased founder of Chesapeake Energy Corp (CHK.N), a day after the U.S. government charged him with breaking antitrust laws.
2 min read · 02 March 2016
Eric Schmidt, the former chief executive officer of Google, has agreed to head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the U.S. military, Defense Secretary Ash Carter said on Wednesday.
2 min read · 02 March 2016
Dubai-based Network International has agreed to buy rival Emerging Markets Payments (EMP) from private equity firm Actis in a deal creating the largest payments processor in the Middle East and Africa, Reuters News reported.
2 min read · 02 March 2016
Sports Authority Inc said it filed for Chapter 11 protection on Wednesday, making it the first major U.S. retailer to file for bankruptcy this year amid fierce competition from giants such as Wal-Mart Stores Inc (WMT.N) and Amazon.com Inc (AMZN.O), Reuters News reported.
2 min read · 02 March 2016
Yahoo Inc (YHOO.O) said it may have to write down the goodwill value of Tumblr, more than two years after the web pioneer spent $1.1 billion to buy the microblogging site, Reuters News reported.
1 min read · 01 March 2016
