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What's In The News: November 11, 2011

Financial News Network
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November 13, 2011 AT 1:09 AM
This is what's in the news for Friday, November 11th. The Wall Street Journal reports that the Obama administration delayed until after the 2012 election rerouting part of a proposed Canada-U.S. oil pipeline on an issue that has divided the Democratic Party's environmental and union supporters. Reuters reports that Peabody Energy (NYSE:BTU) extended its $5B offer for Macarthur Coal by two weeks after it failed to reach the 90% threshold for acceptances by its Friday deadline. Finally, Reuters reports that private equity firms, including KKR (NYSE:KKR) and TPG Capital, may buy minority stakes of up to 20% in Yahoo (NASDAQ:YHOO) and then may eventually take over the company.