Boston, MA, 02/19/2014 – Cereplast Inc (OTCMKTS:CERP) has filed for Chapter 11 bankruptcy, a move aimed at strengthening its balance sheet as well as gaining financial flexibility. The struggling bioplastics company is blaming its woes, characterized by poor financial results, on the delays in new regulations to encourage bioplastics demand in Europe. The company is also blaming the slow growth in the U.S. as another reason for its woes. CERP’s move to file for Chapter 11 was promoted by plans of one of its key lenders to try to auction the company’s assets. Cereplast has not known good news over the past years, save for a brief positive moment in the first nine months of 2013. Shares of Cereplast Inc (OTCMKTS:CERP) lost almost 10 percent of their market value to settle at $0.0019 at the end of the regular session on Tuesday.
Vodafone Group Plc (ADR) (NASDAQ:VOD) is so far satisfied and impressed by the rate at which subscribers are adopting its new and fast-speed 4G network. The company has announced that it has hit half a million customers on its new network in just six months after it was switched on. That compares to the half a million customers that its rival EE attained after seven months of activating its 4G network. VOD also announced that subscribers on 4G were twice as much data that is used on 3G network plan. Currently VOD’s 4G network is available in 115 towns and districts in UK, meaning that is covers almost 36 percent of the UK population. Vodafone Group Plc (ADR) (NASDAQ:VOD) is aiming to attain 98 percent coverage of UK by 2015.
Comcast Corporation (NASDAQ:CMCSA) is proposing a $45.2 billion merger deal with Time Warner. Given that the deal involves the leading cable providers in the US, the proposed merger is expected to be thoroughly reviewed by the Federal Communications Commission and Department of Justice, just to make sure that it would kill competition or hurt cable consumers. Analysts believe that even if the two agencies scrutinizing the merger deal were to give an okay to the transaction, some checks and balances would be put in place in much a manner that Comcast Corporation (NASDAQ:CMCSA) may not freely wield the power of its increased size.