Core Viewpoint - The acquisition of TXNM Energy by Blackstone Infrastructure has received approval from the US Federal Energy Regulatory Commission (FERC), aligning with public interest and ensuring regulatory protections are in place [1][2]. Regulatory Approvals - The FERC found no evidence that the acquisition would compromise state or federal regulations, customer rates, or market competition [2] - The acquisition has also received federal clearance from the Federal Communications Commission, and the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired without objections [3]. Shareholder and Public Utility Commission Support - TXNM Energy shareholders voted overwhelmingly in favor of the acquisition in August 2025 [4] - The Public Utility Commission of Texas (PUCT) approved a settlement that includes $45 million in rate credits for customers and enhanced governance standards [4]. Agreement Provisions - The settlement includes provisions for workforce guarantees, continued funding for TXNM Energy's five-year capital expenditure program, and commitments to serve Texas communities [5]. - The agreement involves various stakeholders, including municipalities served by TNMP and the Texas Energy Association for Marketers [5]. Pending Approvals - Federal approval from the Nuclear Regulatory Commission and state consent from the New Mexico Public Regulation Commission are still required before the transaction can close [6]. - The acquisition values TXNM Energy at approximately $11.5 billion, with Blackstone Infrastructure set to acquire all outstanding shares at $61.25 per share in cash [6]. Service Provision Plans - TXNM Energy's subsidiaries have committed to maintaining regulated service provision under existing state and federal oversight [7].

Core Viewpoint - Saks Global has received approval for a $1 billion loan from a US bankruptcy court, which is part of a larger $1.75 billion funding package aimed at stabilizing the company during its Chapter 11 proceedings [1][3]. Group 1: Loan Approval and Funding Package - The $1 billion loan was approved after Saks resolved payment disputes with luxury brands and other creditors [1]. - The funding package was authorized by US Bankruptcy Judge Alfredo Perez during a hearing in Houston [1]. - The financing will refinance existing borrowings and expand Saks' asset-based lending facility [4]. Group 2: Settlements and Agreements - Saks reached agreements with key luxury suppliers, including Chanel, Dolce & Gabbana, and LVMH, as well as landlords and Amazon [1]. - Certain landlords settled outstanding rent for January, the month Saks filed for bankruptcy protection [3]. - The company confirmed that products supplied on consignment would remain the property of the brands, addressing vendor objections [2]. Group 3: Financial Obligations and Restructuring Plans - Saks filed for Chapter 11 on January 13, with liabilities totaling $3.4 billion, primarily due to cash-flow pressures from its merger with Neiman Marcus [3]. - The financing arrangement includes commitments from lenders to provide additional support once Saks exits Chapter 11 [5]. - Saks plans to close most of its off-price outlets and focus on luxury and full-price retail during its restructuring [5].

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Fat Brands’ creditors went on the offense earlier this month after finding out that the bankrupt company sold $3 million of Twin Hospitality stock to a shareholder. While the sale began prior to the chain’s bankruptcy filing, it went through Jan. 30 without court approval. This poses a problem for Fat Brands, as creditors called out CEO Andy Wiederhorn and sai ...

TomCo Energy agrees new Valkor deal and raises some working capital, shares drop Proactive uses images sourced from Shutterstock TomCo Energy PLC (AIM:TOM, OTC:TMCGF) shares dropped 35% on Monday, falling to 0.035p, impacted by expected new equity dilution, after it announced a renewed partnership with Valkor that leaves the pair jointly controlling Greenfield Energy on a 50:50 basis, as the AIM-listed group looks to progress oil-sands opportunities in Utah’s Uinta Basin. The reset comes with balance-she ...

Helix Exploration (AIM:HEX, OTCQB:HHEXF) has become the first helium producer in the US state of Montana. Operations are scaling up at the Rudyard project, and the team is moving into talks with distributors. Atlantic Lithium (AIM:ALL, ASX:A11, OTCID:ALLIF) has walked away from takeover talks to focus on its own growth. The board says the offer didn’t reflect the true value of its flagship Ewoyaa Lithium Project in Ghana. AOTI Inc (AIM:AOTI) is eyeing a major breakthrough with a looming US reimbursement ...

Core Viewpoint - The International Accounting Standards Board (IASB) has initiated a consultation to propose targeted changes to IAS 28, aiming to clarify the eligibility of investments for measurement using the fair value option [1][4]. Group 1: Fair Value Option - The fair value option allows entities to irrevocably designate certain financial assets or liabilities at fair value through profit or loss upon initial recognition, primarily to eliminate or significantly reduce accounting mismatches [2]. - Stakeholder feedback has indicated inconsistent practices in applying the fair value option, prompting the IASB to address these discrepancies [2][3]. Group 2: Consultation Details - The IASB is proposing narrow amendments to support consistent use of the fair value option and provide clearer guidance to preparers ahead of the IFRS 18 implementation [4]. - The consultation period is shorter than usual, open until April 20, 2026, with plans to finalize changes by mid-2026 to allow jurisdictions time to incorporate amendments into national legislation [4].

Orange CEO Christel Heydemann said the French carrier and its partners have not yet reached an agreement on a new bid to buy rival SFR. She also speaks about the company's expansion plans, AI disruption and satellites. She spoke with Bloomberg's Anna Edwards, Tom Mackenzie and Guy Johnson. ...

One thing every investor knows or learns is the importance of diversification. If you’ve invested in a sector that’s not performing nearly as well as you thought it might, there’s no reason to lose sleep. That’s because once you’ve diversified your portfolio, there are other sectors available to potentially keep your portfolio afloat. Image source: Getty Images. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock A ...

Hedge funds that helped fuel a boom in US exchange-traded funds holding Bitcoin are in rapid retreat. Aggregate Bitcoin ETF allocations among the largest hedge fund holders fell 28% from the third to the fourth quarter of 2025, according to data compiled by CF Benchmarks, a wholly-owned subsidiary of crypto exchange Kraken. Most Read from Bloomberg Bitcoin is down almost 50% from its October peak of over $126,000. The token slid as much as 4.8% in early Asia trading on Monday to nearly $64,300, its low ...

Key Takeaways SEC staff will not object to a 2% haircut on proprietary “payment stablecoin” positions for broker-dealer net capital. The haircut is taken on the greater of the long or short position (not netted). The guidance is staff-level and applies only to “payment stablecoins” as defined in the FAQ. The Securities and Exchange Commission (SEC)’s Division of Trading and Markets has issued a narrow but consequential clarification for broker-dealers that hold stablecoins on their own books. In ...