GM's cash-flow problems hit flood level

DETROIT, March 30 (UPI) -- The already significant financial woes of Detroit's General Motors Corp. have worsened with another credit rating cut.

Solutia's DIP loan gets bigger and cheaper

ST. LOUIS, March 17 (UPI) -- Bankrupt Solutia Inc. of St. Louis said Friday it enlarged its debtor-in-possession loan, cut the interest rate and extended the maturity.

Calpine gets $2 billion in DIP financing

SAN JOSE, Calif., Feb. 24 (UPI) -- Calpine Corp., a bankrupt California utility, said Friday it obtained funding for a $2 billion debtor-in-possession facility.

UAL gets financing of as much as $3B

CHICAGO, Jan. 9 (UPI) -- Chicago-based UAL Corp., parent of bankrupt United Airlines, said Monday it secured an exit financing loan for as much as $3 billion.

EPIQ paying $125 million for nMatric Inc.

KANSAS CITY, Kan., Nov. 15 (UPI) -- Kansas-based EPIQ Systems Inc. said Tuesday it was paying $125 million to buy nMatrix Inc.

Kerkorian raising GM stake to 9.53 percent

BEVERLY HILLS, Calif., Sept. 2 (UPI) -- Billionaire California investor Kirk Kerkorian will spend $463 million to raise his stake in General Motors Corp. to 9.53 percent.

Maytag board accepts Whirlpool offer

NEWTON, Iowa, Aug. 22 (UPI) -- Whirlpool Corp. and Maytag Corp. agreed Monday on a deal for Whirlpool to buy the Iowa appliance maker for about $2.7 billion.

KB Toys gets reorganization plan approval

PITTSFIELD, Mass., Aug. 19 (UPI) -- KB Toys Inc. of Pittsfield, Mass., said Friday it gained bankruptcy court approval of its reorganization plan.

Number of Iridium subscribers jump

BETHESDA, Md., Aug. 1 (UPI) -- Iridium Satellite LLC said Monday it had approximately 127,000 subscribers as of June 30, 2005.

Paramount strikes deal with Marvel

LOS ANGELES, April 28 (UPI) -- Paramount Pictures has struck a deal to distribute Marvel Comics-produced films, Daily Variety said Thursday.

Pakistan offers arms to Nepal

KATMANDU, Nepal, March 31 (UPI) -- Pakistan has offered to supply small arms to Nepal to help it fight Maoist rebels, officials said.

Krispy Kreme gets debt extension

WASHINGTON, March 25 (UPI) -- Krispy Kreme Doughnuts, Inc. of Winston-Salem, N.C. said Friday that lenders have granted it extra time to turn in its financial statements and avoid default.

Fitch upgrades Lennar

NEW YORK, Feb. 24 (UPI) -- Fitch Ratings of New York said Thursday it upgraded Lennar Corp. of Miami senior unsecured debt and unsecured bank credit facility ratings. Unsecured debt is no

Allied Waste to get financing

SCOTTSDALE, Ariz., Feb. 22 (UPI) -- Allied Waste of Scottsdale, Ariz., said Tuesday said it plans to obtain $4.65 billion of financing to improve its capital structure.

Donnkenny files Chapter 11

NEW YORK, Feb. 8 (UPI) -- Donnkenny Inc. of New York and its subsidiaries Tuesday filed for voluntary Chapter 11 bankruptcy protection.

Del Monte's note offering rated BB minus

CHICAGO, Jan. 26 (UPI) -- Fitch Ratings of Chicago Wednesday assigned a BB minus rating to Del Monte Foods new $250 million 6 3/4 percent privately placed senior subordinated notes.

Prestige Brands sets IPO shares number

IRVINGTON, N.Y., Jan. 26 (UPI) -- Prestige Brands Holdings of Irvington, N.Y., Wednesday set the terms of the company's pending initial public offering at 23.3 million shares.

Educate Inc. buys Hooked on Phonics

SANTA ANA, Calif., Jan. 13 (UPI) -- Educate, Inc. said Thursday it has acquired Hooked on Phonics of Santa Ana, Calif.

USI Holdings buys Summit Global Partners

BRIARCLIFF MANOR, N.Y., Jan. 13 (UPI) -- USI Holdings of Briarcliff Manor, N.Y., said Thursday it has acquired Summit Global Partners of Dallas.

Valor sets terms of IPO

IRVING, Texas, Jan. 12 (UPI) -- Valor Communications of Irving, Texas, Wednesday set the terms of its pending initial public offering at 29.4 million shares.

VeriFone sets IPO

SAN JOSE, Calif., Jan. 11 (UPI) -- VeriFone Holdings of San Jose, Calif., filed an initial public offering Tuesday to sell up to $230 million in common stock.

Tsunami's economic blow seen short-lived

NEW DELHI, Jan. 7 (UPI) -- If the head of the United Nations says that the tsunami devastation is the worst he has ever seen, it must be bad, and bode ill for the world economy. Yet most
HARBAKSH SINGH NANDA, UPI Business Correspondent

Rayovac buys United Industries

ATLANTA, Jan. 4 (UPI) -- Rayovac of Atlanta said Tuesday it has acquired United Industries of St. Louis for $1.2 billion in cash, stock and debt.

First Potomac Realty buys property

BETHESDA, Md., Dec. 22 (UPI) -- First Potomac Realty Trust of Bethesda, Md., Wednesday acquired Windsor at Battlefield in Manassas, Va., for $15.25 million in cash.

Fairpoint cuts IPO size

CHARLOTTE, N.C., Dec. 16 (UPI) -- FairPoint Communications of Charlotte, N.C., Thursday cut the size of its pending initial public offering to $575 million from $773.3 million.
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