World Development News

Thursday, July 24, 2014

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UN: Global AIDS-Related Deaths Fallen a Third in Decade

UN: Global AIDS-Related Deaths Fallen a Third in Decade

AFP (July 16, 2014) Global AIDS-related deaths and new HIV infections have fallen by over a third in a decade, the United Nations says as it voices hope of wiping out the killer disease. Duration: 01:00 Video provided by AFP
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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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Kerry: Ecosystems at Risk from Climate Change

Kerry: Ecosystems at Risk from Climate Change

AP (June 16, 2014) Secretary of State John Kerry delivered a firm message at the State Department's Our Ocean Summit, saying the world must come together to change the course on climate change. (June 16) Video provided by AP
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Dicker and Link: Obama Emissions Proposal Great News for Natural Gas

Dicker and Link: Obama Emissions Proposal Great News for Natural Gas

TheStreet (June 4, 2014) Energy contributor Dan Dicker talks with Action Alerts Plus co-portfolio manager Stephanie Link about Obama’s EPA proposal to cut power plant emissions by 30% by 2030. While the final execution of the bill is still years away, the proposal applies more pressure to the coal mining industry, and continues his commitment to unilateral action on climate change. The bill will also help speed the resurgence of natural gas prices and natural gas stocks. Dicker likes Southwestern Energy (SWN), as does Link, who also mentions Fluor (FLR) as a possible play. Video provided by TheStreet
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last updated on 2014-07-24 at 2:37 am EDT

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