Posts Tagged ‘Million’

Reds, slugger Jay Bruce reportedly come to terms on six-year, $51 million pact

AHN Sports Staff Cincinnati, OH, United States (AHN) – The Cincinnati Reds retained the service of Jay Bruce Thursday night, signing the young outfielder to a six-year, $51 million deal with a seventh year option worth $22 million. The 23-year-old Bruce received his biggest paycheck of his young career following an All-Star caliber season with […]

Borders loses $74.4 million in Q3

Kris Alingod – AHN News Contributor Ann Arbor, MI, United States (AHN) – Borders doubled its losses for the third quarter to $74.4 million but is optimistic that changes it made this fiscal year will improve profitability and adapt to the onset of e-readers and digital books. The Michigan-based company reported Thursday it lost $1.03 […]

Northwest Las Vegas golf club sold for $3.1 million

The Silverstone Golf Club in northwest Las Vegas has been sold by the lender for $3.1 million. View full post on Business Stories

Ahead of Thanksgiving, GM Announces $163 Million Plan To Save 164 Jobs

Ayinde O. Chase – AHN News Editor Detroit, MI, United States (AHN) – Some General Motors workers and their families have extra reason to be thankful this Thanksgiving holiday. The automaker announced a $163.2-million investment in its operations in Flint and Bay City, Michigan, and Defiance, Ohio, to support engine production of three of its […]

Chevron To Build $300 Million Geothermal Plant In Philippines

Windsor Genova – AHN News News Writer Manila, Philippines (AHN) – A subsidiary of Chevron Corp., the world’s largest geothermal energy producer, and Philippine oil and gas firm APC Group Inc. have announced they will put up a 100-megawatt geothermal power plant in Kalinga Province. The two firms announced the $300 million project in a […]

Britain Plans To Make All 26 Million Homes Green In Next 10 Years

AHN News Staff London, England, United Kingdom (AHN) – British Energy and Climate Change Secretary Chris Huhne announced Tuesday a plan that would make all 26 million homes in the country green over the next 10 years. Under the New Green Deal, local councils, supermarkets and chain stores would extend loans up to $15,000 (10,000 […]

MGM Resorts raises $486 million with debt offering

Casino company MGM Resorts International says it has raised $486 million through its offer of $500 million in notes priced slightly below face value. View full post on Business Stories

Office Depot Settles Fair Disclosure Case For $1 Million

Kris Alingod – AHN News Contributor Boca Raton, FL, United States (AHN) – Office Depot has agreed to pay $1 million to settle allegations that it violated fair disclosure laws in 2007. The Boca Raton-based company was charged with selectively informing analysts and investors that it would not meet earnings estimates and of overstating earnings […]

FSA Fines Goldman Sachs $30 Million

British’s Financial Services Authority fined Goldman Sachs (NYSE: GS) $30 million (20 million pounds). The penalty was for Goldman’s failure to inform the City regulator that one of the bank’s officers under investigation for fraud in the U.S. was transferred to the U.K. View full post on Banking Stories