The conviction of Alexey Navalny, a political opponent of Russian President Vladimir Putin, highlights risks faced by investors as they weigh whether to buy assets in the world’s biggest energy exporter.
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.
The discovery in an Oregon field of gene-altered wheat developed by Monsanto Co. that was not approved for sale shows a failure of oversight that safety advocates say may endanger consumers and U.S. trading relationships.
KKR & Co., Centerbridge Partners LP and GSO Capital Partners LP are part of a creditor group that amassed more than $2 billion in Cengage Learning Inc.’s senior debt as it vies with owner Apax Partners LLP to influence the fate of the publisher, said people familiar with the matter.
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.