Company News: Dynegy unveils plan to improve liquidity, lower debt

Dynegy revealed on June 24 a $2 billion capital scheme to shore up its liquidity and reduce its debt. The news follows close on the heels of the energy marketer's June 19 announcement that it would cut 340 workers, or 6%, from its worldwide workforce. Dynegy's staff in its headquarter city of Houston saw the heaviest cuts, with 300 employees let go, 50 of whom came from the firm's trading unit.Also, Dynegy reported that it would be replacing its chief financial officer (see Personnel Moves and Promotions).In other company news:Williams Cos. Inc. said it will offer for sale its refineries at Memphis and in Alaska and their related assets in a move that would effectively divest ...

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