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Friday, July 25, 2014

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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Raw: NASA Launches Satellite After 2009 Failure

Raw: NASA Launches Satellite After 2009 Failure

AP (July 2, 2014) — A rocket carrying a NASA satellite lit up the pre-dawn skies Wednesday on a mission to track atmospheric carbon dioxide, the chief culprit behind global warming. NASA lost a similar satellite in 2009 after a rocket hardware failure. (July 2) Video provided by AP
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NASA Launches Carbon-Hunting Satellite

NASA Launches Carbon-Hunting Satellite

Reuters - US Online Video (July 2, 2014) — NASA launches a $465 million satellite, designed to measure where carbon dioxide, a greenhouse gas tied to climate change, is moving into and out of the atmosphere. Rough Cut (no reporter narration). Video provided by Reuters
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NASA's Atmosphere-Monitoring Satellite Will Measure CO2

NASA's Atmosphere-Monitoring Satellite Will Measure CO2

Newsy (July 1, 2014) — NASA's Orbiting Carbon Observatory-2 is an atmosphere-monitoring satellite that will study carbon dioxide levels in Earth's atmosphere. Video provided by Newsy
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last updated on 2014-07-25 at 10:03 am EDT

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