Maxar Divests Space Robotics Arm for $765M, Stock Gains

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Maxar Divests Space Robotics Arm for $765M, Stock Gains

In a bid to reduce debt, Maxar Technologies Inc. MAXR recently inked an agreement to sell its space robotics subsidiary — MacDonald, Dettwiler and Associates (“MDA”) — to a group of private equity firms for a whopping $765 million. The purchasing entity …
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Germany shuts nuclear plant as it phases out atomic energy

BERLIN (AP) — Germany is shutting down one of its seven remaining nuclear power plants as part of a planned phase-out of atomic energy production by the end of 2022. Utility company EnBW has said it will take the Philippsburg Nuclear Power Plant off the …
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Major accounting changes will dominate insurers' priorities in 2020

31 December 2019. Published in: Risk, Risk management, Corporate strategy, Regulation, UK, Rest of Europe, US – Canada – Bermuda, ROW, IFRS
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McDermott reportedly discussing bankruptcy

Houston-based McDermott International Inc. (NYSE: MDR) reportedly is discussing filing for bankruptcy in the near future. People familiar with the situation told the Wall Street Journal and Bloomberg that HPS Investment Partners and Baupost Group LLC are …
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Obituary: Ruth Louise Shaner

Ruth began her long career in accounting working for Ed Luoma, CPA, for 50-plus years as a public accountant. She was an expert in accounting law
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