Notable Movers: (NYSE: STP), (NYSE: BTH)
(ACCESSWIRE (Canada) Via Acquire Media NewsEdge) Category: Baystreet Newswire
Company: Investor Alley Inc.
Date: Monday, December 31, 2012
New York (December 31th, 2012) - Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) 1.40 +0.07 (5.26%) . The $575 million convertible debt due in March next year is Suntech's biggest financial pressure. Apart from the $575 million debt due in March, the solar panel maker is burdened with a further 200 million yuan ($32 million) in overdue loans, and there will be another 1.4 billion yuan in debts needing paid within the next six months, according to 163.com.
Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company. Suntech is principally engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for residential, commercial, and utility-scale power plant customers.
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Blyth, Inc. (NYSE:BTH)14.98 +0.18 (1.22%) Standard & Poor's Ratings Services said today that its ratings on Conn.-based Blyth Inc. (B+/Stable/--) remain unchanged following the company's recent announcement that it has reached an agreement to increase its ownership stake in its ViSalus Holdings LLC subsidiary to more than 80% for a cash consideration of $57.4 million.
Blyth, Inc. is a direct to consumer business focused on the direct selling and direct marketing channels. The Company designs and markets home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drinks.
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