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Capital Partners News

• Clear Channel Seeks to Buy Time With $2.1 Billion Bond Exchange

  Clear Channel Communications Inc., seeking to address more than $10.1 billion of debt due in 2016 before interest rates reverse, is offering to exchange $2.1 billion of notes for debt that matures in 2021.

• Ergen Said to Offer $2 Billion for LightSquared Frequencies

  Charlie Ergen, chairman of satellite- TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless- broadband company owned by Philip Falcone’s hedge-fund firm, according to people familiar with the offer.

• Obama’s Trade Nominee Agrees to Sell Citigroup Holdings

  Updated 27 minutes ago

  Michael Froman, nominated to be U.S. Trade Representative, said he and his wife will divest holdings with his former employer Citigroup Inc. if he wins Senate confirmation.

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  Ergen Said to Offer $2 Billion for LightSquared Frequencies

  Updated 9 minutes ago

  Charlie Ergen, chairman of satellite- TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless- broadband company owned by Philip Falcone’s hedge-fund firm, according to people familiar with the offer.

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  Abe’s Resurgent Japan Hurt by Lack of Business Spending

  Updated 43 minutes ago

  As Japan’s cherry trees bloomed and the stock market soared, Kohetsu Watanabe flew to a blossom- viewing party in Tokyo hosted by Prime Minister Shinzo Abe to tell the premier personally how bad things really are.

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  Freeport Wins Plains Approval for $6.63 Billion Takeover

  Freeport-McMoRan Copper & Gold Inc. won approval from shareholders of Plains Exploration & Production Co. for a $6.63 billion takeover after sweetening the bid for the largest U.S. oil and natural gas purchase announced in the past year.

• Smashburger CEO Sees Doubling Stores Before Potential IPO

  Smashburger, a Denver-based burger chain, will expand to about 500 units in the U.S. in the next two to three years and may consider an initial public offering, Chairman and Chief Executive Officer Dave Prokupek said.

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  Plains and Freeport Offer Dividends as Takeover Sweetener

  Freeport-McMoRan Copper & Gold Inc. sweetened its bid for Plains Exploration & Production Co. to win shareholder support for the takeover, offering special cash dividends to raise the value of the deal to $6.6 billion.

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  H-1B Models Strut Into U.S. as Programmers Pray for Help

  Updated 43 minutes ago

  Ravi Shanker makes weekly pilgrimages to Chilkur Balaji temple outside Hyderabad, India, asking for a little help on a visa from an incarnation of Lord Vishnu.

• Freeport Said to Meet Plains Shareholders to Salvage Bid

  Updated 26 minutes ago

  Freeport-McMoRan Copper & Gold Inc. has been meeting with Plains Exploration & Production Co. shareholders to salvage support for its proposed acquisition, people with knowledge of the matter said.

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  Charlie Ergen

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  Philip Falcone

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