EMAIL DETAILS

FISKER

Laid off employees hire firm that sued
Solyndra<http://www.foxnews.com/politics/2013/04/06/report-obama-backed-fisker-lays-offs-workers-faces-suit-by-solyndra-related/>

Fox 4/6

Employees told Automotive News that they were given no severance pay
besides compensation for unused vacation days. A class action suit has
been filed by Outten & Golden.

Fisker lays off 75% of
workforce<http://money.cnn.com/2013/04/05/autos/fisker-lay-offs/>

CNN 4/5

Fisker dismissed ¾ of its workforce on Friday, keeping only a small core
group of executives.

U.S. taxpayers could wind up with Fisker
assets<http://www.latimes.com/business/autos/la-fi-hy-fisker-layoffs-20130405,0,7184892.story>

LA Times 4/5

Fisker is meant to make the first payment on some of $192mm it borrowed
from the government later this month. The company’s tooling and other
property make up the collateral on the loan.


EFH


Energy Future credit swaps fall after IRS sees no tax
liability<http://www.businessweek.com/news/2013-04-04/u-dot-s-dot-company-credit-swaps-fall-as-japan-doubles-bond-purchases>

Businessweek 4/4

Credit-default swaps tied to the debt of EFH dropped after the IRS said the
company will nothave to pay a potential tax liability. Five-year contracts
tied to Energy Future fell 6.5 percentage points to 23% upfront.


Energy Future lenders to see 74c recovery, according to CreditSights
Inc.<http://www.businessweek.com/news/2013-04-05/energy-future-lenders-to-see-74-cent-recovery-creditsights-says>

Businessweek 4/5

EFH lenders may recover 74 cents on the dollar if the power producer files
for bankruptcy, according to debt research firm CreditSights Inc. The value
is up from 72.5 cents, for holders of the senior ranking borrowings for
Energy Future’s Texas Competitive Electric Holdings because a $340mm fee
paid to extend another loan is no longer being taken into account in
calculating recovery rates.


NTE


Northern tier comments on EPA’s proposed Tier III
Standards<http://investors.ntenergy.com/phoenix.zhtml?c=251295&p=irol-newsArticle&ID=1803108&highlight=>

Northern Tier 4/3

Management’s current assessment is that the proposed updated standard will
not have a material financial impact to the Company. Preliminary
engineering assessments predict that no capital spending will be required
to comply with the new standards which seek to reduce sulfur content in
gasoline.


TEKELEC

Openet, Tekelec named tops in policy
management<http://www.billingworld.com/news/2013/04/infonetics-report-shows-policy-management-growth.aspx>

Billingworld 4/4

A new report names Openet and Tekelec as no.1 and no.2 in policy
management, respectively.


SEAWORLD

Busch Gardens’ Verbolten helps SeaWorld’s 2012 Net Revenue
Quadruple<http://wydaily.com/2013/04/06/busch-gardens-verbolten-helps-seaworlds-2012-net-revenue-quadruple/>

WY Daily 4/6

The company attributes the revenue growth to a number of factors, including
higher admission prices, more money spent on food and merchandise and more
visitors to some of the parks due to new attractions, such as Verbolten at
Busch Gardens.


WEATHER

The Weather Channel announces 2013-14 programming slate, new video and ad
product offerings.<http://press.weather.com/press-releases/weather-channel-announces-2013-14-programming-slate-new-vide/>

Weather 4/3

The Weather Channel hosted a presentation in New York announcing 5 new
series, 3 new web series, and an entire refresh of the networks’ look and
feel.


PRIVATE EQUITY

Valuation, Insider Trading and Fraud top LPs concerns over PE
Funds<http://blogs.wsj.com/privateequity/2013/04/04/valuation-insider-trading-and-fraud-top-lps-concerns-over-pe-funds/>

WSJ 4/4

LPs are becoming more aggressive in their due diligence of potential
private equity investments. LPs are doing more thorough and exhaustive
background checks.


Large-Scale private equity restructuring has begun –
Triago<http://blogs.wsj.com/privateequity/2013/04/03/large-scale-private-equity-restructuring-has-begun-triago/>

WSJ 4/3

Triago warns that the industry’s “first large-scale restructuring” has just
begun, and it will ultimately favor the top quality firms