Interstate Bakeries Corporation (IBC) (OTC:IBCIQ) today confirmed that it received a preliminary indication of interest yesterday from The Yucaipa Companies, LLC and The International Brotherhood of Teamsters describing a “possible plan of reorganization” for emergence of IBC from Chapter 11.
The document incorporates some of the terms of the Plan of Reorganization filed by IBC on […]

Neste Oil of Finland, Takreer of Abu Dhabi, and the Austrian oil and
gas group OMV are proceeding with their plans to form a joint venture
company and build a plant to produce sulfur-free, Very High Viscosity
Index (VHVI) Group III base oil at Ruwais, Abu Dhabi. The parties
have signed the Heads of […]

RMCN Credit Services, Inc. supports volunteerism and believes it is important to strengthen their connection with the community. RMCN is a credit repair company that has chosen to do many different projects over the years such as Adopt a Highway, providing clothing for school aged children, and presents for less fortunate children at Christmas. Recently […]

Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing measures designed to address elevated pressures in short-term funding markets.
Federal Reserve Actions
Actions taken by the Federal Reserve include the establishment of a temporary Term Auction Facility (approved by the Board of Governors […]

DRM company Macrovision said it has agreed to acquire Gemstar-TV Guide, merging the two companies into a new organization that will combine interactive program guide with content protection technologies. Rupert Murdoch’s News Corp. will gain a significant share of the new company.
Macrovision continues its business expansion with the purchase of Gemstar-TV Guide. The acquisition will […]