Friede Goldman Halter Withdraws Junk Bond Sale
Friede Goldman Halter Inc. has shelved a junk bond sale expected to total $150 million because it wouldn't pay the high yields investors demanded. The company said…
Divers Begin Investigation of Estonia Wreck
Brushing aside complaints from Nordic states that declared it a burial site, U.S.-led divers last week began investigating the wreck of the ferry Estonia, which…
Norwegian Firm To Study Sub Salvage
Stolt Offshore, whose divers opened a sunken Russian submarine after the failure of Russian rescuers agreed to study how to salvage it or recover the bodies of the 118 crew…
Kvaerner Won't Up Aker Bid
Kvaerner, reporting a bigger-than-expected first half profit, said it would not raise a rejected takeover bid for oil and gas services group Aker Maritime. Kvaerner…
Transocean Buys R&B Falcon In $5.3B Stock Deal
Transocean Sedco Forex Inc., already the world's biggest offshore oil-drilling contractor, agreed to buy R&B Falcon Corp. in a $5.3 billion stock deal that will make it the dominant deepwater driller.
Cruise Companies Cited For Excessive Smoke
Seven cruise companies have been cited for pumping excessive amounts of smokestack emissions into the air of Alaska's capital city, state officials said. Observers…
