The lead architect of Obamacare in the Senate urged U.S. Health Secretary Kathleen Sebelius to “meet, and I’d prefer you beat” an end-of-the-month deadline for repairing the insurance exchanges as the agency overseeing the fixes shook up management.
Cerberus Capital Management LP, the $20 billion New York-based firm focused on distressed assets, started a fund to invest in commercial mortgage debt, according to a letter to investors obtained by Bloomberg News.
RadioShack Corp.’s new financing falls short of what the unprofitable electronics retailer needs to turn itself around after a “sharp decline” in third-quarter performance, according to debt research firm CreditSights.
RadioShack Corp., the consumer- electronics seller that lost $139.4 million last year, plans to raise funds by the end of 2013 to persuade suppliers to support its turnaround effort, people familiar with the matter said.
Walgreen Co., the biggest U.S. drugstore chain, agreed to join with the largest federation of health insurers to promote the Affordable Care Act, lending a hand as the Obama administration strains to win over the public.
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.
A congressional committee’s effective blacklisting of Huawei Technologies Co.’s products from the U.S. telecommunications market over allegations they can enable Chinese spying may come back to bite Silicon Valley.