Element Financial Corp. plans two purchases in 2014 totaling at least C$1 billion ($898 million) as the Canadian lessor seeks to expand its North American railcar unit and enter the U.S. for vehicle-fleet management.
Dynegy Inc. reported third-quarter net income of $22 million on revenue of $446 million, three days after the last of the companies in the power producer’s group emerged from bankruptcy reorganization.
A New Jersey Supreme Court ruling on affordable housing for the poor may be the final blow to Governor Chris Christie’s plan to take control of a regulatory agency and, according to critics, save land for the rich.
Jung Lim plans to offset the cost of rising mortgage rates by using an adjustable-rate loan to buy a home for his expanding family. For the California endodontist, the money he’ll save makes up for the ARM’s risky reputation.
Vodka seller Central European Distribution Corp., headed by Russian billionaire Roustam Tariko, filed for U.S. bankruptcy protection amid heavy bond debt and with a pre-approved restructuring plan aimed at cutting about $665.2 million in liabilities.
Dick Clark Productions Inc. , the television company founded by the former host of the “American Bandstand” variety show, is marketing debt as yields on U.S. corporate bonds fall along with Treasuries.