Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, said it’s seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts.
Cengage Learning Inc., the textbook publisher owned by Apax Partners LLP, is poised to hire Alvarez & Marsal Inc. to advise on restructuring options as deadlines approach to repay or refinance maturing debt, said people with knowledge of the matter.
The first U.S. case of mad cow disease in six years has been found in a dairy cow in central California, detected before it could enter the human food chain and pose any threat to consumers, officials said.
California energy regulators said that a preliminary ruling by a U.S. agency may bring as much as $1.6 billion in refunds for consumers harmed during the state’s electricity crisis more than a decade ago.
The number of cattle tested for mad cow disease has fallen almost 90 percent since 2005, according to U.S. Agriculture Department statistics, a drop that consumer groups say endangers America’s food supply.
The U.S. finding of a case of mad cow disease shows the country’s surveillance system is working, according to the United Nations’ Food & Agriculture Organization and the World Organisation for Animal Health.