El Paso sells GulfTerra stake to lessen hefty debt load

Article Abstract:

The Houston-based El Paso, the leading provider of natural gas service in U.S. agreed to sell its controlling interest in GulfTerra Energy Partners to raise cash as part of a broader restructuring effort to reduce its debts. In an attempt to boost efficiency under increasing global competition, both the companies have agreed to unify their management strategies and collaborate in other products and areas.

Management dynamics, Natural gas transmission, Management, Company business management, Gas transmission industry, Sales, Sales analysis, El Paso Corp., GulfTerra Energy Partners L.P.

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M&A premiums could rise as banks fight for survival

Article Abstract:

The US banking outlook has changed significantly with the Bank of America agreeing to merge with FleetBoston in a dollar 48 billion stock deal. This transaction has triggered a wave of bank mergers and had left others in a potential fight for survival.

BankAmerica Corp., FleetBoston Financial Corp., FBF

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World's best foreign exchange banks 2006

Article Abstract:

The results of an annual survey ranking the world's best foreign exchange banks for 2006, based on their performance so far, is presented. These banks are also ranked country wise.

Surveys, Rankings, 2006 AD

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