| City seeks ways to help you make home more efficient
When Palm Desert officials first set out to cut the city's energy use by 30 percent in five years, Councilman Jim Ferguson decided to set an example by taking a look at his own two home air conditioners, which dated back to at least the 1980s. .
Fiserv details $1.75B debt offering
Fiserv Inc. said late Thursday that its recently announced public offering of debt will amount to $1.75 billion that will be used to help pay for its $4.4 billion acquisition of CheckFree Corp. Fiserv (NASDAQ: FISV), a Brookfield financial technology company, is selling $1.25 billion of senior notes that mature in 2012 and bear interest at a rate of 6.125 percent, and $500 million of senior notes that mature in 2017 and bear interest at a rate of 6.8 percent. The offering is expected to close Nov. 20. The Senior Notes have been assigned ratings of Baa2 with a stable outlook by Moody's Investors Service Inc. and BBB with a negative outlook by Standard & Poor's Ratings Services. Credit Suisse, Wachovia Securities and JPMorgan are acting as joint book-running managers for the offering.
PGS Has Acquired 91% of Arrow's Shares
Petroleum Geo-Services acquires 91% of Arrow Seismic for NOK 2,050 million Oslo, Norway; Petroleum Geo-Services announced an extended notification regarding the acquisition of Arrow Seismic. PGS announced November 12th that it had acquired 21,359,070 of the shares in Arrow Seismic at a price of NOK 96 per share, corresponding to approximately 91% of all the issued and outstanding shares and votes in Arrow. PGS also announced that it in accordance with the provisions of Chapter 4 of the Norwegian .
Ferro Reports 2007 Third-Quarter Results
Ferro Corporation (NYSE:FOE) announced sales of $551 million for the quarter ended September 30, 2007, up 10 percent from sales of $501 million in the third quarter of 2006. Income from continuing operations for the 2007 third quarter was $5.6 million, or $0.12 per diluted share, up 2.2 percent compared with $5.5 million, or $0.12 per diluted share, in the third quarter of 2006. During the quarter, lower selling, general and administrative expenses and lower interest expense were largely offset by restructuring charges related to the consolidation of certain manufacturing operations in Europe and higher income tax expense. The 2007 third quarter income from continuing operations included net pre-tax expenses of $6.5 million primarily related to restructuring costs. The third quarter 2006 income from continuing operations included net pre-tax expenses of $1.3 million primarily related to manufacturing rationalization activities.
Liberia: IMF Pledges $842 Million Deal for Debt Relief
Member states of the International Monetary Fund (IMF) have made pledges totaling more than US$842m, to provide debt relief for Liberia. IMF Managing Director Dominique Strauss-Kahn Monday announced in Washington, DC, that the International Monetary Fund secured these financing pledges from member countries as a deal to allow the Fund provide debt relief to Liberia. .
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