Shedding assets, cutting expenses, paying down debt. Seems like chief James Mulva has a merger on his mind.
London afternoon: Equities in consolidation phase (ShareCast)
LONDON (SHARECAST) – London’s leading shares continued to trade sideways over the lunchtime session, consolidating the morning’s gains. Mining stocks are responsible for much of the Footsie’s buoyancy with Xstrata, ENRC, Kazakhmys, Antofagasta, Anglo American and BHP Billiton all going well.
National debt kept at 57.6% of GDP (Manila Bulletin)
Finance Secretary Margarito B. Teves said the government is keeping its national debt estimate of 57.6 percent of gross domestic product (GDP) for this year but raised its 2010 debt ceiling to 56.9 percent of GDP or P4.746 trillion from an earlier target of 55.8 percent.
Rite Aid Completes $1.9 Billion Refinancing of Its September 2010 Debt Maturities (Business Wire via Yahoo! Finance)
CAMP HILL, Pa.—-Rite Aid Corporation announced today that it has successfully completed its previously announced refinancing of the majority of its September 2010 debt maturities, including its $145 million Tranche 1 Term Loan and $1.75 billion senior secured revolving credit facility.
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