Michael's Feed
Sep 15, 2014

FDA has vetted just 7 percent of animal antibiotics for superbug risk

NEW YORK, Sept 15 (Reuters) – Scientists fear the widespread
use of antibiotics on the farm may be a factor in the rise of
“superbugs” – bacteria that grow resistant to drugs, infect
humans and defy conventional medicines.

Amid these concerns, the U.S. Food and Drug Administration
has come under pressure to curb antibiotic use in farm animals.
In 2003, the agency announced plans to evaluate every new animal
drug based on the drug’s potential to create superbugs.

Jun 8, 2014

Detroit rolls dice by relying on casino cash

DETROIT/NEW YORK (Reuters) – Detroit’s reliance on casino cash to help fund a recovery from the city’s historic bankruptcy is a high-risk bet on what is an increasingly shaky source of income.

A trial to approve Detroit’s plan to exit its $18 billion bankruptcy, the largest municipal crash in U.S. history, begins in late July. Flawed revenue projections may undermine its feasibility, creating a key legal hurdle to win approval by the court. On a practical level, a revenue shortfall could knock the city down just as it is getting back on its feet.

Apr 6, 2014

Investor risk rises as energy partnership world gets crowded

HOUSTON/NEW YORK (Reuters) – High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations.

But as riskier kinds of businesses adopt the Master Limited Partnership (MLP) structure, and as interest rates rise, investors are getting a wake-up call about some of the scary stuff lurking in the sector.

Jan 19, 2014

Analysis: U.S. bankers voice new optimism as businesses line up for loans

NEW YORK (Reuters) – Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy.

Increasing demand for bank loans often is a prelude to higher economic growth. With the U.S. government budget crisis fixed for now and Europe showing signs of economic recovery, companies feel more comfortable borrowing to invest in machinery, factories, and buildings.

Jan 19, 2014

U.S. bankers voice new optimism as businesses line up for loans

NEW YORK (Reuters) – Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy.

Increasing demand for bank loans often is a prelude to higher economic growth. With the U.S. government budget crisis fixed for now and Europe showing signs of economic recovery, companies feel more comfortable borrowing to invest in machinery, factories, and buildings.

Jan 7, 2014

SandRidge Energy to exit U.S. Gulf in $750 mln deal

Jan 7 (Reuters) – Oil and gas company SandRidge Energy Inc
struck a deal Tuesday to sell its Gulf of Mexico assets
to private equity-backed Fieldwood Energy for $750 million,
ending a brief, much-criticized foray into offshore drilling.

The company bought the Gulf of Mexico assets from Dynamic
Offshore Resources for about $1.2 billion in cash and stock in
April 2012. Fieldwood, owned by private equity firm Riverstone
Holdings LLC, is run by Dynamic’s former management team.

Dec 20, 2013

Activism, economy weighed on M&A in 2013, issues could linger

NEW YORK, Dec 19 (Reuters) – Shareholder activism, economic
uncertainty and regulatory interventions were a drag on mergers
and acquisitions in 2013, and dealmakers cautioned that these
factors could keep growth relatively slow next year.

Global M&A volume fell 2 percent from last year to the
lowest level since 2009, as corporate executives were careful
only to bring deals forward that they felt shareholders would
reward.

Dec 12, 2013

BNSF CEO Rose shifts role, renewing Buffett succession talk

NEW YORK (Reuters) – Berkshire Hathaway Inc’s (BRKa.N: Quote, Profile, Research, Stock Buzz) BNSF Railway Co has moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation he might be in line to replace Warren Buffett at Berkshire’s helm.

As executive chairman, Rose, 54, will work on organizational planning, market positioning and public policy at BNSF over the next decade, the company said on Wednesday.

Dec 11, 2013

BNSF CEO Rose changes roles, renews Buffett succession talk

NEW YORK (Reuters) – Berkshire Hathaway Inc’s (BRKa.N: Quote, Profile, Research, Stock Buzz) BNSF Railway Co moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation that he may be in line to replace Warren Buffett at Berkshire’s helm.

As executive chairman, Rose, 54, will work on activities including organizational planning, market positioning and public policy at BNSF over the next decade, the company said on Wednesday.

Dec 11, 2013

Exclusive: Morgan Stanley launches sale of U.S. oil terminal business

NEW YORK (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, three sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.

The bank has started circulating preliminary information about the assets it could sell, which include the general partner of master limited partnership (MLP) TransMontaigne Partners LP (TLP.N: Quote, Profile, Research, Stock Buzz), the sources said. One source said the offer also included a handful of assets outside the MLP.