Oryx Petroleum Announces an Updated 2015 Capital Expenditure Forecast and $100 million in New Funding

March 11, 2015: 04:15 PM ET

A $100 million credit facility along with reduced capital expenditures in 2015 ensure financial flexibility and continued growth

CALGARY, March 11, 2015 /CNW/ – Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Group”) today announces an update on its 2015 capital expenditure plans and funding.

Highlights:

  • A 2015 capital expenditure forecast of $140...

Amendments to the National Credit Act (NCA), gazetted on Friday, will make it impossible for unscrupulous debt collectors to collect debt that has prescribed (expired)

The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was considered prescribed and had effectively lapsed.

Neil Roets, CEO of debt management company Debt Rescue said consumers should note that if any payments had been made within that three years the debt remained valid.

You should also not have promised to pay. The creditor should also then not have summonsed you for this debt...

(The following statement was released by the rating agency)
NEW YORK, March 06 (Fitch) Fitch Ratings has upgraded the credit
ratings for
Health Care REIT, Inc. (NYSE: HCN) as follows:
–Issuer Default Rating (IDR) to BBB+ from BBB;
–$2.5 billion senior unsecured revolving credit facility to
BBB+ from BBB;
–$715.5 million senior unsecured term loans to BBB+ from
BBB;
–$6.9 billion senior unsecured notes to BBB+ from BBB;
–$216 million senior unsecured convertible notes to BBB+ from
BBB;
–$1 billion preferred stock to BBB- from BB+.
The Rating Outlook is Stable.
KEY RATING DRIVERS
The upgrade of HCNs...

Having earned an estimated $150 million in 2014, Jessica Albas The Honest Company is a hit with celebrity moms, everyday women, and families across the globe, but none of Albas supporters is more loyal than her own husband, Cash Warren.

PHOTOS: Celebrity CEOs

Speaking with HuffPost Live about his latest venture as co-founder of Pair of Thieves, an LA-based sock company, Warren, 36, says he has developed a new appreciation for Alba, 33, in the three years since shes launched The Honest Company. In fact, Albas drive and dedication to her business has strengthened the couples seven-year marriage.

PHOTOS: Inspiring Hollywood women

Its added to it, Warren told HuffPost...

The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.

A recent analysis released by my organization found that more than half of the nations consumers (56 percent) have subprime scores, meaning they cannot qualify for credit or financing at prime rates when they try to get a mortgage, buy a car or take out a loan for other purposes. They also are far more likely to use costly alternatives such as payday loans.

One in five households regularly relies on these fringe financial services, according...

Every year the Consumer Financial Protection Bureau (CFPB) reports to Congress on credit card deals between financial institutions and colleges. Though the number of campus credit cards are declining, students must remain aware of the dangers of using easy-to-obtain campus credit and debit cards, and Congress should consider passing new reforms to better protect students.

First, some quick history. In 2009 Congress passed the much needed Credit CARD Act (CARD Act). The act limited marketing credit cards to college students by, among other things, prohibiting giveaways at on-campus tables, requiring that students between 18 and 21 show an ability to pay or obtain a co-signer, and forcing...

Standard Poors Ratings Services today assigned its BBB senior unsecured credit rating to Juniper Networks Inc.s (Juniper) (NYSE: JNPR) senior unsecured notes due 2020 and 2025, with terms to be determined by market conditions. The company will use the proceeds for general corporate purposes, including share repurchases and dividends, working capital, capital expenditures, acquisitions, and other corporate expenses. We rate the new notes the same as the corporate credit rating on the company. Our BBB corporate credit rating on Juniper is unchanged, and the outlook remains stable.

The corporate credit rating incorporates our assumption that Junipers financial policies will remain consistent...

Before that stop was over, the officers had seized $100,000, which the men said was money to play poker. The troopers also called ahead to California authorities, who raided the mens homes and ultimately indicted one of them, John Newmerzhycky, on a charge of illegal possession of drug paraphernalia.

If this sounds unusual and way out of the ordinary, it isnt. The seizure is just one of thousands of highway stops that state and local authorities call interdictions: Roadside stops aimed at catching drug dealers or even terrorists, but which can also result in cash seizures alone with no criminal charges attached.

Its called Civil Asset Forfeiture, and it was started in the early...

CINCINNATI, March9, 2015 /PRNewswire/ –Phillips Edison Grocery Center REIT I, Inc. (the Company, we, our or us), a publicly registered, non-traded real estate investment trust (REIT) focused on the acquisition and management of well-occupied grocery-anchored neighborhood and community shopping centers, today announced its operating results for the three months and year ended December 31, 2014.

This was a transformative year for the Company. Thanks to the dedication of our team, we acquired 56 properties for an aggregate purchase price of over $900 million, bringing our portfolio at year end to 138 properties. After deploying all of the net equity proceeds raised in our initial...

(The following statement was released by the rating agency)
CHICAGO/NEW YORK, March 02 (Fitch) Fitch Ratings has assigned
Delphi Automotive
PLCs (DLPH) proposed euro-denominated issuance of 10-year
senior unsecured
notes a rating of BBB. The notes rating is in line with
DLPHs Issuer Default
Rating (IDR) of BBB, which has a Stable Outlook.
The proposed notes will be issued by DLPH, whereas the companys
existing senior
unsecured notes have been issued by Delphi Corporation (Delphi),
a subsidiary of
DLPH. However, the proposed notes will be fully guaranteed on a
senior unsecured
basis by the same subsidiaries that guarantee Delphis notes...