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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
Enron slashes jobs after Chap. 11
The ailing energy trader will ax 4,000 jobs, or 19% of staff, mostly from its main offices in Houston. On Friday it cut 1,100 jobs in London. Enron filed for bankruptcy Sunday and sued Dynegy for $10 bil for canceling their merger. Dynegy countersued and will fight to buy Enron's crown-jewel, 16,500-mile pipeline. An Enron bankruptcy would be the biggest in U.S. history.
Enron got $1.5 bil in much-needed financing from Citigroup and J.P. Morgan, backed by its assets. Enron also expects a joint venture for its trading ops within weeks.
Valero, UDS ink decree with FTC
They'll sell a San Francisco-area refinery and 70 gas stations to win approval for their $6 bil merger. Valero Energy and Ultramar Diamond have three refineries in Calif. They'll sell Ultramar's Golden Eagle plant. It may fetch $1 bil due to its prime location, analysts said.
Tesoro may bid for the Golden Eagle refinery.
- Valero Reaches Agreement for Tesoro to Acquire Golden Eagle Refinery and Retail...
- Press release article from: Business Wire February 5, 2002 700+ words
...000 barrel-per-day (BPD) Golden Eagle Refinery and an associated 70...said. The divestiture of the Golden Eagle Refinery and associated retail...line item on the balance sheet. Morgan Stanley served as financial advisor to...
- Golden Eagle Insurance Fights California Regulators' Negative...
- Newspaper article from: Knight Ridder/Tribune Business News Gembrowski, Susan October 7, 1996 700+ words
...Department of Insurance from penalizing Golden Eagle Insurance, the local company he founded...last month filed a report showing that Golden Eagle had a reserve deficiency of $138...commissioned four actuary reports that prove Golden Eagle has plenty of reserves. Despite the...
- Golden Eagle Receives Offer for Funding of $3.5 Million.
- Press release article from: Business Wire January 31, 2005 700+ words
SALT LAKE CITY -- Golden Eagle International, Inc. (OTCBB:MYNG)--Golden Eagle announced today that it has received a non...Polion has offered these substantial funds to Golden Eagle. We anticipate that these funds, once received...
- Golden Eagle decides to fight back. (Golden Eagle Insurance Co. alleges...
- Magazine article from: Business Insurance Wojcik, Joanne September 23, 1996 700+ words
...charges with conspiracy theory SAN DIEGO - Golden Eagle Insurance Co. is putting its money...Calif. The meeting was called by Golden Eagle CEO John C. Mabee, who claims the...favorable independent reviews arranged by Golden Eagle. However, the department maintains...
- Golden Eagle Signs Non-Binding Term Sheet for Multi-Million Dollar Sale of Buen...
- Press release article from: Business Wire June 4, 2007 700+ words
SALT LAKE CITY -- Golden Eagle International, Inc. (OTCBB...the sale of its Gold Bar Mill. Golden Eagle will be entitled to receive $13...of consideration. In addition, Golden Eagle will have a 40% participation in...
- Golden Eagle Announces the Appointment of a New Director and New Officers.
- Press release article from: Business Wire December 21, 1999 700+ words
...BUSINESS WIRE)--Dec. 21, 1999 Golden Eagle International, Inc. (OTC Pink Sheets...Dr. Atwood has served as a member of Golden Eagle's Technical Advisory Board for the...while serving in his capacities with Golden Eagle. Golden Eagle also announced today...
- Golden Eagle Signs Non-Binding Term Sheet With Platinum Diversified Mining.
- Press release article from: M2 Presswire June 4, 2007 700+ words
...PRESSWIRE-4 June 2007-Morning Movers: Golden Eagle Signs Non-Binding Term Sheet With...the attention of our research team. Golden Eagle International, Inc. (OTCBB:MYNG...American exchanges offer. June 4 - Golden Eagle International, Inc. (OTCBB:MYNG...
- Golden Eagle's ``Buen Futuro'' Acquisition Key to Unlocking Gold and Copper...
- Press release article from: Business Wire May 30, 2003 700+ words
...BUSINESS WIRE)--May 30, 2003 Golden Eagle International, Inc. (OTCBB:MYNG...claim located squarely in the heart of Golden Eagle's 125,000-acre landholding in...gold/copper deposits, surrounded by Golden Eagle's claims, are just part of a much...