BBC Scotland reports on the defects found in Edinburg Schools.
Hedge fund Solus Alternative Asset Management is considering an escalation in its battle with Blackstone Group LP over a homebuilder’s controversial debt refinancing.
After suing Blackstone’s GSO credit unit and Hovnanian Enterprises Inc. for engineering a credit-default swaps payout that’s leaving Solus with steep losses, the hedge fund’s CEO, Chris Pucillo, said in a Bloomberg Television interview that he may just buy the builder’s bonds to limit his losses and cut Blackstone’s profit.
Reprinted courtesy of Erik Schatzker , Bloomberg and Sridhar Natarajan, Bloomberg