Change at the Top: New CEO Looks to Boost Billabong

July 19 (Bloomberg) -- Billabong may have avoided a wipeout this week when it received a $294 million refinancing deal from Altamont Capital. Under the terms of the deal the company would sell its Dakine Brand to Altamont for $70 million but there is a competing proposal on the table. In either case, CEO Launa Inman would be replaced by Scott Olivet, the former Chairman of Oakley. Paul Allen reports on the company's future. (Source: Bloomberg)
Malaysia FX Reserves May Drop Below $100 Billion
12:54 - Malaysia’s foreign-exchange reserves are set to drop below $100 billion just when the nation most needs a buffer against any collapse in investor confidence. Bloomberg's Haslinda Amin reports on "First Up." (Source: Bloomberg)
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