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- Gitmo’s first commander: Close the prison down
- Google’s newest photography find: Just wink and shoot
- Detroit’s Heidelberg art project hit by 8 fires in 8 months
- Pa. police pull people over for random DNA tests for feds
- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
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- Rep. Steve Stockman: Give my campaign $10, and you’ll get an Obama barf bag
Government rules out second bailout, to test market
DUBLIN — Ireland's government moved Monday to quash speculation that it would be forced to seek a second EU-IMF bailout and said it would make a tentative return to international debt markets in the final quarter of next year.
Dublin is trying to distance itself from the woes of eurozone struggler Greece, which is trying to avoid a potentially devastating default and seems certain to require a second bailout to plug a looming funding gap.
Finance Minister Michael Noonan categorically ruled out Dublin requiring a top-up to its 85 billion-euro rescue package, seeking to limit the fallout from a cabinet colleague’s warning over the weekend that another bailout may be needed.
Mr. Noonan said Dublin would test market sentiment for Irish debt in the final quarter of 2012 after a two-year hiatus.
Canadian utility to buy a U.S. power company
Fortis will pay $35.10 per share in cash for CVPS. That represents a premium of $10.78, or about 44 percent, to the closing price of CVPS shares Friday. Fortis also will assume the utility’s debt of $230 million.
Fortis said it expects to grow in the U.S. and the purchase would add to earnings within the first year.
Fortis provides gas and electricity to roughly 2.1 million customers in Canada. It said it is the country’s largest investor-owned distribution utility and had total revenue in the past fiscal year of about $3.7 billion.
By John R. Bolton
The president fiddles at his domestic altar while the world burns
- U.S. Army mulls wiping out memory of Robert E. Lee, 'Stonewall' Jackson
- Top Democrats reject court ruling over NSA spying on Americans
- Gov't wasted $30 billion on 'pillownauts,' crystal goblets -- buying human urine!
- PRUDEN: The scam that will not die
- BOLTON: Nero in the White House
- HURT: D.C. gets the vapors, calls sequester too much
- Obama mocks Putin, picks gay athletes for Sochi delegation
- Colorado revolt: 55 of 62 sheriffs refuse to enforce new gun laws
- Senators in rush to pass budget vow to undo cut to military retirement pay
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
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