Finance News Archive

06-Sep-2005

• 'Rohm and Haas Company Begins Exchange Offer for 6.0 Percent Notes of Rohm and Haas Denmark Finance A/S Due March 2007 (ChemPoint)
PHILADELPHIA -- August 23, 2005 - Rohm and Haas Company today announced that it has launched an exchange offer outside the United States to existing holders of euro 400 million in Rohm and Haas Denmark Finance 6.0 percent euro notes due March 9, 2007. The company is offering existing holders of the 2007 notes the opportunity to exchange the 2007 notes for Rohm and Haas Company 7-year
• 'Marvel to Finance Up to 10 Films (AP via Yahoo! Finance)
Comic book publisher Marvel Enterprises Inc. on Tuesday said it completed a new $525 million debt facility to independently Finance a slate of films based on its characters.
• 'Berlusconi Backs Finance Minister's Call for Fazio to Resign (Bloomberg.com)
Sept. 6 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said an appeal by his finance minister for Bank of Italy Governor Antonio Fazio to resign was justified, increasing pressure on the central bank head to quit over evidence he favored local investors over foreign rivals in a takeover fight.
• 'Volk named CEO of Spirit Finance (BizJournals)
Christopher H. Volk has been promoted to chief executive of Spirit Finance Corp., the company said Tuesday.
• 'APEC Finance Ministers Concerned About Oil (AP via Yahoo! Finance)
Pacific Rim finance ministers are concerned about the impact of high oil prices and will stress the need to boost production and refining capacity when they meet this week, according a draft of their joint statement.
• 'S. KOREAN FINANCE OFFICIALS TO MEET IMF ADVISORS ON TAX REFORM (Asia Pulse via Yahoo! Australia & NZ Finance)
Economy South Korean finance officials will meet advisors from the International Monetary Fund this week to discuss their nation's tax reform measures, the Finance Ministry said Tuesday.
• 'Marvel to finance own comic-based films (bizjournals.com via Yahoo! Finance)
Marvel Enterprises Inc. closed a $525 million, seven-year credit facility with Merrill Lynch, Pierce, Fenner & Smith Inc. to finance up to 10 films based on characters from its stable of comic books.
• 'Asia-Pacific Finance Heads Aim to Boost Oil Supply, Curb Demand (Bloomberg.com)
Sept. 6 (Bloomberg) -- Asia-Pacific finance ministers will call for greater investment in oil production, improved energy efficiency and further cuts in fuel subsidies to stem gains in crude costs that are threatening economic growth in the region.
• 'Hubbell Names Nord As New Finance Chief (AP via Yahoo! Finance)
Hubbell Inc., a maker of make electrical and electronic products, said Tuesday that David G. Nord, the former Finance chief of United Technologies Corp.'s aerospace unit, will join Hubbell as its new chief financial officer next week.