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MUMBAI, Nov 7 (Reuters) - Hindalco Industries Ltd, India's largest aluminium producer, has raised $982 million in a foreign currency loan and used it to clear the bridge loan taken for its 2007 acquisition of Canadian firm Novelis, a senior official said. The five-year loan was raised at 315 basis points above the London Inter Bank Offered Rate (LIBOR), Chief Financial Officer S. Talukdar told ...
- www.newsobserver.com
The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage.
- biz.yahoo.com
Fitch Ratings Service lowered its rating outlook on Merck and Co.'s debt to "Negative" Monday, citing the potential for greater generic competition for some of the company's best-selling drugs.
- www.miamiherald.com
Royal Bank of Scotland Group PLC could suffer an annual loss after it announced Tuesday that it had been forced to write down 1.2 billion pounds ($1.9 billion) of bad assets in the third quarter.
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