Noble Energy climbs as asset sale wraps; FirstEnergy jumps on possibility of aid from Ohio

By James McCandless

San Antonio, April 13 – The distressed debt market closed the week with another slow day on Friday, traders reported, with news trickling in to drive trading.

Noble Energy Inc. notes were up as the company announced the completion of the sale of its Gulf of Mexico assets.

FirstEnergy Solutions Corp. issues rose due to the rise of the potential for financial assistance from the state of Ohio as hopes of help from the federal government dwindle.

Community Health Systems, Inc. paper ended mixed a day after the company announced a round of corporate layoffs.

Frontier Communications Corp. notes were mixed as the distressed telecom name seeks a buyer for certain assets. Intelsat SA issues were up. Mallinckrodt plc notes declined again as the company fends off a lawsuit over a drug’s price. Ensco plc bonds traded up.

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