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Dubai World sets new plan to save Las Vegas CityCenter--WSJ SAN FRANCISCO (MarketWatch) -- Dubai World, MGM Mirage's partner in the $8.6 billion Las Vegas CityCenter development, has proposed the troubled project's investors agree to fund it through completion, the Wall Street Journal reported Friday. Details of the plan were not immediately available, but according to people familiar with it, it calls for Dubai World, MGM Mirage and bank lenders to commit to providing the estimated $3 billion needed to finish the project. Such a move could result in banks dropping an earlier agreement to back a $1.8 billion emergency loan only if MGM Mirage and Dubai World increased their own cash contributions to the massive 67-acre hotel, condominium, shopping mall and casino project. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. Market WatchMace Signs a Definitive Purchase Agreement to Acquire Central Station Security Systems, Inc., a Wholesale Security Monitoring Company (Business Wire) HORSHAM, Pa.----Mace Security International, Inc. today announced that it has signed a definitive purchase agreement to acquire Central Station Security Systems, Inc. , a wholesale security monitoring company. yahoo.comEPIX reorganization should pay off for CEO A day before his company announced a deal to raise $28 million and pay down millions in debt, EPIX Pharmaceuticals Inc. CEO and president Elkan Gamzu signed an employment agreement lined with pay perks that kick in if certain capital-raising and debt restructuring goals are met. Biz JournalSteele Laughs Off The Recession: 'The Malls Are Just As Packed On Saturday' As They Were Before - Think Progres This morning, GOP chairman Michael Steele guest-hosted Bill Bennett’s talk radio show. During the program, one caller said he could “debate” whether or not the U.S. is currently in the midst of an economic crisis. Steele laughed in agreement and claimed that “[t]he malls are just as packed on Saturday.”:CALLER: I can really debate [...] NewsRackDish Network, NFL end dispute Satellite broadcaster Dish Network Corp. and the National Football League-owned TV network have settled a months-old legal dispute and agreed to a multi-year carriage agreement for NFL Network's programming. Biz JournalMicrosoft and Yahoo Hold Talks on Search Ad Deal SAN FRANCISCO (dpa) -- Microsoft and Yahoo are holding talks on a possible search advertising agreement and the chief executives of the two companies have met to discuss the deal, media reported Friday.... Hispanic BusinessCitigroup`s place on a Roll of Shame This week is Masters golf time, a fact that takes me back precisely 11 years ago to an afternoon when I walked the grounds of the Augusta National course with Sandy Weill as he basked in the glory of the just-announced Citigroup merger deal between his company, Travelers Group, and Citicorp. CNNVistaPrint: VistaPrint Announces LocalAdLink as Business Solutions Partner HAMILTON, BERMUDA (MARKET WIRE) VistaPrint Limited (NASDAQ: VPRT), the small business marketing company, today announced an agreement to deliver specially branded printed products to local sales representatives of LocalAdLink, a local search directory Website for consumers looking to find local businesses and services. LocalAdLink has also become one of VistaPrint's Business Solutions program's most rapidly growing partners. LocalAdLink is a division of Beyond Commerce, Inc. (OTCBB: BYOC) www.beyondcommerce.com. Market WireThe Art and Science of M&A The year 2008 witnessed a total of only, $2.89 trillion in the name of global M&A volume. This annual figure of M&A deals is the lowest since 2005. On the other hand, the number of failed M&A deals seem to be on a rapid rise. Most experts blame the heightened 'scrutiny' involved in the M&A valuation and due diligence process as the cause for the low global merger volume. However, 2009 proves that most of 2008's 'scrutinized' deals have converted well in the year. Therefore, the fault lies elsewhere... E-ZineAir Products` Hydrogen Fueling Technology to Power Nestlé Waters` Warehouse Forklift Conversion LEHIGH VALLEY, Pa. – Air Products (NYSE: APD), a global leader in hydrogen fueling and infrastructure, today announced the signing of a long-term agreement with NestléWaters North America, Inc. to su... Webwire1 2 |
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