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The New Twist in the Hexion StoryThe proposal by Huntsman shareholders to stump $500 million in no-interest financing to help close its disputed deal with Hexion -- and Hexion's swift and firm refusal -- are fascinating new twists in the story, the Deal Professor writes. ... |
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Linens Could File Reorganization Plan Today, Report SaysLinens 'n Things, the home furnishings retailer that filed for bankruptcy in May, could file a reorganization plan as soon as Friday, The New York Post reported citing unnamed sources. ... |
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Nexterra Gets $3.5 Million from ARCNexterra Energy has nabbed $3.6 million in a fourth round of funding led by previous investor ARC Financial. ... |
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Canadian Airline Shuts, Stranding Hundreds of PassengersHundreds of travelers, including many in Europe, were stranded Thursday after Zoom Airlines, a low-cost carrier based in Ottawa, abruptly stopped operations and sought protection from creditors. ... |
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StudioNow Adds $2 Million to Its First RoundStudioNow, an online video production company, has culled an additional $2 million from venture capitalists as part of a first round of funding. ... |
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Halcyon Executive Said to Leave After LossesFormer Goldman Sachs executive Steven Mandis has left his vice chairman post at Halcyon Asset Management, a $12 billion hedge fund, The New York Post reported, citing an investor letter. ... |
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