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April 20th, 2012
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Selected News
Hot Web, Inc. Announces Elimination of Legacy Debts and Capital Restructuring (Marketwire via Yahoo Finance)
Hot Web, Inc. announced today that the Company has successfully eliminated approximately $1.6 Million in legacy debt that was incurred by Snap N Sold Corporation, Hot Webs predecessor company, in an effort to prepare Hot Web, Inc. for future financial audits, fullyreporting listing status and growth of its businesses. Read more
Miracle or Mirage (Ludwig von Mises Institute)
Miracle or Mirage Read more
Diverging paths for Oil Search and Lihir Gold (The National)
PNGs two biggest companies Oil Search and Lihir Gold have undergone a major transformation in the last three or four years. Both are now laying plans for another strategic transformation. Read more
Tata Motors shares fall on earnings fears (Reuters via Yahoo India News)
MUMBAI (Reuters) Tata Motors shares fell as much as 7.3 percent on Thursday as analysts said its $2.3 billion deal to buy Jaguar and Land Rover would strain the Indian vehicle makers balance sheet. Read more
Clear Channel Banks May Lose $3 Billion in Buyout (Update3) (Bloomberg.com)
March 26 (Bloomberg) Banks financing the $19.5 billion buyout of Clear Channel Communications Inc. stand to lose about $3 billion on the transaction because loan prices have tumbled since they promised to fund the deal. Read more
Vale Rises to Highest in Month After Xstrata Bid Fails(Update3) (Bloomberg.com)
March 26 (Bloomberg) Cia. Vale do Rio Doce , the worlds biggest ironore producer, rose to the highest in a month in Sao Paulo after talks to buy Xstrata Plc for an estimated $90 billion collapsed, ending a bid to create the largest mining company. Read more