Jobs, the lagging indicator once more?

The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this cycle was no exception. So will troubles in Japan, Libya and elsewhere push up U.S. unemployment later this year? “The... 

NiSource Announces Expiration and Final Results of Cash Tender Offer

NiSource Inc. announced today the expiration and final results of the previously announced cash tender offer by its finance subsidiary, NiSource Finance Corp., to purchase up to $325 million aggregate principal amount of its outstanding 10.75% Notes due 2016. The tender offer expired at 11:59 p.m., New York City time, on December 29, 2010. As of the... 

PBF Announces the Completion of the Acquisition of the Paulsboro Refinery and Related Assets

PBF Energy Company LLC today announced that its subsidiary, PBF Holding Company LLC, has completed its purchase of the Paulsboro Refining Company in Paulsboro, New Jersey from Valero Energy Corporation. The acquired assets include an 180,000 barrel per day refinery, and an associated natural gas pipeline. The purchase price is $340 million, subject... 

NiSource Announces Results to Date for Its Cash Tender Offer

NiSource Inc. announced today that, pursuant to the previously announced cash tender offer of its finance subsidiary, NiSource Finance Corp., approximately $272.9 million aggregate principal amount of its outstanding 10.75% Notes due 2016 (“2016 Notes”) were validly tendered and not validly withdrawn before 5:00 p.m., New York City time,... 

Worldwide Energy and Manufacturing Announces $13.7 Million in New Solar Module Contracts

Worldwide Energy and Manufacturing USA, Inc., a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, today announced that its solar division, AmeriSolar, has signed two new solar module contracts in November valued at... 

Sunrise Consulting Group Inc. Prepares to Move Quickly into Huge and Growing Solar Energy Market

Sunrise Consulting Group Inc. is moving quickly to establish itself as a major player in the fast-growing international solar energy market. Last week the company announced its plans to purchase up to 60% of Sunrise Solartech Co. Ltd., and since that time Sunrise Consulting has been working diligently to finalize funding of its expansion plans. Sunrise... 

IntercontinentalExchange, The Clearing Corporation and Nine Major Dealers Announce New Developments in Global CDS Clearing Solution

IntercontinentalExchange, Inc., a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today announced new agreements intended to advance their previously announced joint global clearing solution for Credit Default Swaps (CDS). Together with nine of the major global investment... 

Constellation Energy Announces Key Executive Appointments

Constellation Energy announced two new management appointments – Jonathan (Jack) W. Thayer as chief financial officer and Charles A. Berardesco as general counsel – as the Company progresses toward closing its merger with MidAmerican Energy Holdings Company. The appointments are effective immediately. “Jack and Charlie are talented and experienced... 

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of...