Business news for Mon, 17 Dec 2007 & with word financing. 9 news.

WASHINGTON - Calpine will lower its bankruptcy-exit financing package by $400 million to $7.6 billion, under a deal with its lenders that gives the power company an extra week to emerge from Chapter 11 and loosens some of the loan's financial covenants.

(AP) -- Mittal Steel Co. N.V. announced Sunday that it has terminated its agreement for the sale of the Sparrows Point steel mill near Baltimore to an international investment group led by Esmark Inc. due to the group's inability to secure financing. The move comes at the direction of the ...

San Francisco private equity firm JH Partners LLC provided the financing for AmeriMark Direct to buy Dr. Leonard's Healthcare Corp.

ArcelorMittal said late Sunday it scrapped the agreement to sell the Sparrows Point steel mill to E2 Acquisition Corp. because of the buyer's inability to secure financing. (MT)

Chevron Corp. has refused to put more money into a biodiesel plant in Galveston, breaching its contract and forcing the plant's owners to "dramatically" scale back expansion plans, a lawsuit alleges.

ArcelorMittal has ended a deal to sell its Sparrows Point, Baltimore, steel plant to E2 Acquisition Corp due to E2's inability to secure financing.

NEW YORK (MarketWatch) -- Marshall & Isley on Monday said it's booking a one-time, after-tax charge of $48 million in connection with the retirement of $1 billion of Puttable Reset Securities. M&I expects to recover this charge through lower financing costs over the next three years. It also expects fourth-quarter charge-offs of up to $195 million and a loan loss provision of up to $235 million for its loan portfolio. "Despite these challenging market conditions, we are fortunate to have one of the strongest capital positions in the industry," said Mark Furlong, president and CEO, Marshall & Ilsley Corporation. "We believe we are well positioned to weather the downturn in the real estate market."

Mittal Steel Co. NV announced Sunday that it has terminated its agreement for the sale of the Sparrows Point steel mill near Baltimore to an international investment group led by Esmark Inc. due to the group's inability to secure financing.

European investors seeking solace -- and safety -- in deals for financing infrastructure such as toll roads and utility companies can take heart: Most scheduled for 2008 will go off as planned despite the debt-market turmoil.