Dollar General Raises Family Dollar Bid to 9.1 Billion
Dollar General increases its offer to 9.1 billion dollars or 80 a share for Family Dollar and plans to divest up to 1500 stores to address antitrust concerns. The deal includes a 500 million reverse break up fee and a second antitrust review. Families Dollar reviews the bid as Dollar General shifts strategies.
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Associated Press
Halliburton reaches $1B Gulf oil spill settlement
Halliburton agrees to pay over 1 billion dollars to resolve numerous Gulf of Mexico spill claims tied to the 2010 BP disaster. Judge Carl Barbier must approve. decisions on negligence and related BP settlements could influence participation. The fund covers fishermen, businesses, property owners, and government entities affected.
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Deepwater Horizon
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Car industry faces risk as discounts and long loans rise
Discounts climb 5.5 percent while 72 month terms and deep subprime lending expand. Leasing shares hit a record, auto loan defaults grow, and industry capacity expands as U S sales approach 16 million. Experts warn the approach could echo 2007 with retrenchments ahead.
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Atlantic Coast Pipeline would link Southeast with Marcellus gas
Dominion Resources and Duke Energy propose a 550 mile Atlantic Coast Pipeline from Harrison County West Virginia through Virginia to Robeson County near the South Carolina line. The $5 billion project would tap Marcellus and Utica shale gas to boost electric power supply in the Southeast amid cleaner burning natural gas.
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