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SUBJECT:
RSCI News 11.2
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smomtazi@rosemontseneca.com
DATE:
2012-11-02 20:52:06
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<CAKYiMcFq3hdANR+_CCeUVc0p-S-r1oRHQHp14O4ok_ouQCw1=g@mail.gmail.com>
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darcher@rosemontcapital.com
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hbiden@rosemontseneca.com
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*FISKER* Fisker and Toyota feel the wrath of super storm Sandy<http://www.latimes.com/business/autos/la-fi-mo-autos-sandy-hurts-fisker-toyota-20121101,0,2915754.story> LA Times 11/1 Sixteen Fisker Karmas have caught fire and burned following the storm. Fisker hosts power crews in Delaware, while cars burn in NJ port<http://www.newsworks.org/index.php/component/flexicontent/item/46376-fisker-hosts-power-crews-in-delaware-while-cars-burn-in-nj-port?Itemid=1> Newsworks 11/1 Fisker helped power crews responding to damage from Hurricane sandy in Delaware. Fisker and 3M at SEMA<http://www.autoblog.com/2012/11/01/fisker-karma-3m-wrap-sema-2012/> Autoblog 11/1 A series of photographs of the collaboration between the two companies at SEMA Bankrupt a123 may disrupt production<http://insideevs.com/bankrupt-a123-looks-to-break-fisker-battery-contract-threatens-karma-production/> Inside EVs 11/2 The recently bankrupt a123 threatens to disrupt the production of the Karma, as this leaves no near term supplies. Furthermore, Fisker would lose the contract rejection damage claim of over $60MM if A123 were to be released from commitments. *TEKELEC* Tekelec to present at broadband traffic management 2012<http://www.marketwire.com/press-release/tekelec-present-revenue-generating-strategies-new-telco-business-models-broadband-traffic-1719317.htm> Marketwire 10/30 The company will present revenue-generating strategies and new Telco business models. *WEATHER CHANNEL* Weather Channel falsely reports NYSE flooding<http://www.huffingtonpost.com/2012/10/29/cnn-weather-channel-nyse-flooding-sandy_n_2042415.html> Huffington Post 10/29 The Weather Channel and CNN falsely reported that there was up to three feet of water in the NYSE building. Weather Channel leads cable news ratings with Sandy coverage<http://articles.chicagotribune.com/2012-10-30/business/sns-rt-us-storm-sandy-ratingsbre89t1lv-20121030_1_nielsen-data-weather-channel-viewers> Chicago Tribune 10/30 An average of 1.4MM people watched each day. American Red Cross and the Weather Company join forces<http://press.weather.com/press-releases/american-red-cross-and-the-weather-company-join-forces-to-prepare-communities-for-weather/> The Weather Channel 11/2 The two will partner to promote weather safety and preparedness. *ENERGY FUTURE HOLDINGS* EF says it will meet debt-ratio pact in 2013<http://www.businessweek.com/news/2012-10-30/energy-future-says-it-will-meet-debt-ratio-pact-in-2013> Businessweek 10/30 The company’s Texas Competitive Electric Holdings unit expects a reduction of $660 million to $820 million to its 2013 adjusted earnings before interest, taxes, depreciation and amortization from lower prices on contracts to lock in power- generation margins and lower retail electricity sales. EF bonds drop after reported Q3 loss<http://www.bloomberg.com/news/2012-10-31/energy-future-bonds-plummet-after-report-of-third-quarter-loss.html> Bloomberg 10/31 After announcing a $407MM loss, the $744.3MM of 6.55% bonds, due November 2034, fell 9.8c/$ to 38.3c. *NORTHERN TIER ENERGY* Northern Tier Energy LLC announces offering of Senior Secured Notes<http://www.sacbee.com/2012/11/01/4953701/northern-tier-energy-llc-announces.html> Sacramento Bee 10/1 Northern Tier Energy and its subsidiary, Northern Tier Finance Corporation, announced today that they intend to commence a private offering to eligible purchasers of $275 million in aggregate principal amount of senior secured notes due 2020. The Company intends to use the net proceeds of this offering to fund a portion of its pending tender offer for any and all of its outstanding 10.50% Senior Secured Notes due 2017
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