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Energy Future favors Hunt debt repayment plan to exit bankruptcy
Hunt has teamed up with junior creditors of Energy Future Holdings to raise about $12.1 billion to repay the power company’s debt and convert its power distribution business, known as Oncor, into a real estate investment trust, or REIT. Energy Future Holdings filed an amended plan of reorganization on Thursday. In a court document, it said the Hunt-backed plan was considered superior to a competing reorganization plan backed by investment
Elizabeth Olsen and Tom Hiddleston Fuel Romance Rumors After Being Spotted Together at Dinner—See the Pic!
Could Scarlet Witch and Loki be transitioning their professional relationship into a public romance? Elizabeth Olsen, 26, and Tom Hiddleston, 34, were spotted sitting in the backseat of…
Hulk Hogan apologizes, admits making racist remarks
Why Food Poisoning Outbreaks All Seem To Begin In This State
There have been three major food recalls in the past 2 weeks, each due to salmonella poisoning cases in Minnesota. What’s up with that?
Justice Department: No criminal referral over Clinton emails
Democratic presidential candidate Hillary Clinton will propose nearly doubling the U.S. capital gains tax rate on short-term investments to 39.6 percent. A Clinton campaign official said the plan would affect investments held between one and two years, which are currently taxed at a 20 percent capital gains rate.
WWE cuts ties with Hulk Hogan amid report that he used slurs
World Wrestling Entertainment Inc. has severed ties with Hulk Hogan. The company deleted most references to Hogan on its website and issued a statement Friday saying it had terminated its contract with …
AbbVie's revenue miss raises concerns over Humira sales
AbbVie reported total Humira sales of $3.54 billion for the quarter ended June 30, a 7.6 percent fall from a year earlier. Humira sales have grown on an average 19.2 percent over the past four quarters up to March, according to Thomson Reuters calculations, helped by approvals to treat more indications and expansion into newer markets. AbbVie blamed a change in shipment timing and a strong dollar for a 14.3
FDA approves Novartis's advanced skin cancer drug
(Reuters) – The U.S. Food and Drug Administration approved Novartis AG’s oral pill to treat the most common form of advanced skin cancer. The drug, Odomzo, will carry a boxed warning to alert the risks that it may cause death or severe birth defects in a developing fetus when administered to a pregnant woman. (http://1.usa.gov/1HOgvov) (Reporting by Anjali Rao Koppala in Bengaluru; Editing by Saumyadeb Chakrabarty)
Added sugar: Proposed food label would say how much to eat
WASHINGTON (AP) — Are you eating too much added sugar? The nutrition facts label may one day help figure that out.