Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
Fiji Water, known for shipping plastic bottles of water halfway around the globe, partners with Conservation International. Capri Sun, whose laminated aluminum pouches need special handling to recycle, has a “pouch brigade” that underwrites the collection of its used drinks. (Tagline: Be green, earn green.) There may be no product so environmentally dubious that a well-publicized sustainability program can’t make it more palatable.
The trustee administering $541 million in bonds from Suntech Power Holdings Co. Ltd. sent the solar company a notice of default yesterday as the deadline to redeem the notes passed, a person familiar with the matter said.
Southwest Airlines Co. won the most flying rights at Washington’s Reagan National Airport, topping JetBlue Airways Corp. in the last major asset sale demanded by regulators for the merger creating American Airlines Group Inc.