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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 15, 2012

Page

5

ConocoPhillips to split into oil and refining companies

ConocoPhillips plans to separate into two firms, one focused on oil production and the other on refining into gasoline and fuels. CEO Jim Mulva will retire when the spin off completes, and the move follows debt from big acquisitions and a shift sparked by Marathon Oil’s prior spin off success.

New York ConocoPhillips Wall Street Oppenheimer & Co Fadel Gheit Conoco America Burlington Resources Russia Lukoil Rockies Express Jim Mulva Ghent Com

Bernanke warns deficits rise with debt default risk

Fed Chair Ben Bernanke told a Senate panel that a default on U S debt would worsen deficits, raise interest costs, slow growth, and shock the financial system. He said the Treasury may default if the borrowing limit isn’t raised by August 2, while the Fed has no immediate new stimulus plans.

Washington Federal Reserve Ben Bernanke U.S Fed Wall Street Treasury Department Bernanke Senate Senate Banking Committee Congress Treasury

Alden Global Capital acquires Journal Register

Alden Global Capital buys Journal Register Co in a deal disclosed as a vote of confidence in the company’s Digital First strategy. Journal Register operates 18 newspapers in five states and 350 multiplatform products reaching nearly 20 million monthly readers.

Alden Global Capital Journal Register Philadelphia Journal Register Co Alden Global Capital Hedge Fund The Morning Journal Lorain John Paton Alden JRC Paton Digital First Yardley Ohio Pennsylvania Michigan Connecticut New York

Murdochs questioned as FBI probes 9/11 phone hacking claims

Rupert Murdoch and son James agreed to testify before UK lawmakers on phone hacking and police bribery as News Corp faces stock pressure. In the United States the FBI opened a review into alleged News Corp efforts to hack Sept 11 victim phones amid bipartisan calls for action.

London Rupert Murdoch James U.K U.S FBI Murdoch News Corp Wall Street Journal New York United States Peter King Jay Rockefeller Congress Robert Mueller

Judge OKs Borders auction as liquidators lead bid

Borders Group wins court approval to auction itself off with Hilco Merchant Resources and Gordon Brothers as stalking horse bidders. Najafi’s $215 million offer and $220 million debt were questioned by creditors while Liberty Media and Barnes & Noble potential moves loom as a higher bid possibility.

Oks Borders New York Borders Group Borders Najafi Phoenix Hilco Merchant Resources Gordon Brothers U.S. Bankruptcy Court Southern District of New York Barnes & Noble John Malone Liberty Media Liberty

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