Investing

Bahrain's Arcapita Files For U.S. Bankruptcy Protection

Bahrain investment house Arcapita has filed for bankruptcy protection in the United States after it was unable to reach a $1.1 billion debt repayment with creditors, it said on Monday.

QR Energy to Buy Oil Assets For $230 MIllion

Oil and gas producer QR Energy LP said it will buy oil properties in Ark-La-Tex area andMichigan from an undisclosed private seller for $230 million in cash.

Fannie Mae's Property Sales Generate Investor Interest

Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, the largest U.S. home funding source, the Wall Street Journal said citing people familiar with the process.