Axelrod gives up ownership stake in consulting firm
David Axelrod, perhaps the most trusted member of President-elect Barack Obama's political inner circle, is giving up ownership stake in the media consulting firm he founded in order to become a senior adviser in the White House.
US power company Energy Future Holdings, once known as TXU Corp, has hired legal advisors Kirkland & Ellies to lay the groundwork for a potential restructuring, Debtwire reported on Thursday, citing three sources familiar with the matter.