Bloomberg Extraction Oil & Gas Inc filed for bankruptcy with plans to hand ownership to its creditors, becoming the latest producer to succumb to the energy industry’s slump. Some of Extraction’s noteholders agreed to swap unsecured debt for equity, according to a statement. The Denver-based company sought court protection in Delaware after skipping a May 15 interest payment on its ...

Bloomberg South Africa’s Department of Mineral Resources and Energy took another step towards building a new nuclear-power program. The department issued a request for information for 2,500 megawatts of capacity, the ministry said in a statement. Submissions will close on September 15. “This will enable the department to gain insight into the cost of the program, possible ownership structures, cost ...

Dwight Eisenhower’s cultured despisers, whose number was less impressive than the number of electoral votes Eisenhower reaped (899 of a possible 1,062), complained that his grin was his political philosophy. Ronald Reagan, who remained a Democrat for 10 years after he cast his first Republican presidential vote, for Eisenhower in 1952 (Reagan later won 1,014 of a possible 1,076 electoral ...