Amkor Tech in Talks for Credit Facility
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Amkor Technology Inc., a provider of semiconductor assembly and test services, said Wednesday that it started talks with a group of institutional lenders regarding a credit facility for a $300 million term loan.
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Millipore Corp. , a leading supplier of equipment to the drug industry, plans today to open a $50 million research center in Bedford , the centerpiece of a new effort to improve the costly process of making biotechnology drugs.
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Vendors are discussing how to pay for the recall of more than 200,000 batteries.
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The electronics retailer might seek bankruptcy to fend off lenders.
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Next weekâs debt offering financing the purchase of the First Data Corporation is widely seen as an indicator of whether the credit markets have begun to thaw.
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The Paris Club of creditor nations was considering on Saturday a plan to relieve Iraq of as much as 80 percent of the debts it owes them.
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Birmingham-based AmSouth Bancoporation (NYSE: ASO) is selling its credit card operation to MBNA Corp. Sale of the portfolio - with about 390,000 accounts and $550 million in receivables - is expected to close by year-end.
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The lender said it would offer refinancing or modifications in loans whose interest rates are set to adjust by the end of 2008.
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The telecommunications company is said to be in negotiations, in what may be the latest round of deal making in its industry.
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Consumer goods company is facing its challenges and looking for a turnaround.
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Barclays&#39; credit card business in the U.S. has struck a five-year deal with Indian outsourcer Firstsource Solutions to run a call center in Colorado Springs, Colorado.The value of the deal could be as much as $80 million, according to a notice on Friday sent by Firstsource to the Bombay Stock Exchange.Barclays opened the operations center in 2005 to primarily handle customer-service calls for its U.S. credit card business. The call center handles about 15,000 inbound calls each day and employs about 370 people, all of whom will continue to work with Barclays&#39; customers. The operations center also provides collection and fraud-prevention services, Barclays said.The assets of the Colorado Springs facility will be owned by Firstsource, of Mumbai, which plans to use the facility to serve U.S. customers of some of its other clients in addition to Barclays, a spokeswoman for Firstsource said Friday.Firstsource is also allowed to hire more staff, and the company said it plans to expand its operations, the spokeswoman said. Firstsource already employs about 2,500 people in the U.S.A number of Indian outsourcers, including Tata Consultancy Services and HCL Technologies, have done similar deals with clients in the U.S. and U.K.The deals give Indian companies access to new clients who don&#39;t necessarily want to trim their domestic staff but would rather turn them over to outside management.
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The struggling Swiss reinsurer Converium revealed it was in advanced talks with potential partners as it considered a range of strategic options for the company's future.
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By Joe Walker, The Paducah Sun, Ky.  Feb. 7-- -- West Kentucky Community & Technical College President Barbara Veazey is seeking private donations to add a $2 million engineering-research wing for the school's planned Emerging Technology Center.
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More participants will join a credit  rescue plan that three lead banks are setting up to help  stabilize the asset-backed commercial paper market, but it will  be temporary, a senior U.S. Treasury official said on Saturday.
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TOKYO : The brokerage arm of Japan&#39;s biggest lender, the Mizuho Financial Group, and Norinchukin Bank, the umbrella bank for farmers&#39; cooperatives, are considering expanding their ties, an official said.
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KANSAS CITY, Mo. -- H&R Block Inc. on Thursday cast new doubt on the pending sale of its troubled mortgage lending arm, saying it's trying to renegotiate sales terms as credit markets continue to deteriorate.
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Business & money: Â· GMB seeks session to look at financing of deal Â· Industry urged to disclose more information