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Asian shares reverse losses, capped before Fed meeting
ReutersSYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for clarity on the U.S. Federal Reserve's next policy step. Major currencies,...Tags: Land Price, Milan (Italy), Travel, Heavy Engineering, Lisle
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Ventas de diésel de EEUU a Europa suben en junio por expectativa de mayor demanda
ReutersLONDRES, 14 jun (Reuters) - Las importaciones de diésel desde Estados Unidos a Europa treparÃan más de un 50 por ciento en junio con respecto al mes anterior, pero se mantienen por debajo de los niveles del 2012, dijeron operadores el viernes. El... -
June ABS deal pipeline continues to be robust as 11 deals price
ReutersBy Charles Williams NEW YORK, June 14 (IFR) - June is living up to its reputation as one of the busiest months of the year for ABS issuance -- 11 deals priced this week for about US$5.5bn. Added to the US$2.8bn priced in the first week of the month, the...Tags: Prices, American International Group, HSBC Holdings plc, AAA, Goldman Sachs Group, Inc.
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Detroit to stop paying some debt, putting it in default
ReutersDETROIT (Reuters) - Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid...Tags: Insurance, Crime, Law and Justice, Money and Monetary Policy, Ratings, Justice System
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New York reaches deal with Seneca Nation on casino revenue
Reuters(Reuters) - New York State and the Seneca Nation have reached a deal that would pump $140 million of Indian casino revenue into three struggling Western New York cities, the state said on Thursday. Niagara Falls, which had been on track to run out of...Tags: Unemployment Benefits, Lotteries, Lifestyle and Leisure, Casino and Gambling Industry, Andrew Cuomo
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Pass pension reform, or else
In Springfield, the presence of Abraham Lincoln can always be felt. One of my favorite Lincoln quotes is "Leave nothing for tomorrow which can be done today." We should apply his advice to Illinois' most pressing issue today: pension reform. As I say to...
Tags: Finance, Illinois Governor, Abraham Lincoln, Executive Branch, Pat Quinn
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Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy
ReutersDETROIT, June 14 (Reuters) - Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan. Manager Kevyn Orr...Tags: Finance, Insurance, Crime, Law and Justice, Labor Legislation, MBIA Incorporated
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Yankee Candle calls off $1.4bn fundraising
ReutersBy Joy Ferguson NEW YORK, June 13 (IFR) - Yankee Candle called off plans Thursday to raise $1.4 billion in fresh capital, withdrawing a bond issue and term loan amid tough and volatile conditions in the US financing markets. The Massachusetts-based...Tags: Loans, Bank of America Corp., Credit Ratings, Bonds, Banking
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Moody's cuts Detroit bond ratings on bankruptcy risk
ReutersJune 13 (Reuters) - Moody's Investors Service on Thursday pushed the credit ratings on nearly $8.4 billion of Detroit bonds deeper into the junk category over heightened risks the city could file for bankruptcy, undergo a major debt restructuring or do...Tags: Credit Ratings, Financially Distressed Companies, Bankruptcy, Ratings
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Yankee Candle's pulled dividend deal shows market turning
ReutersBy Greg Roumeliotis NEW YORK, June 13 (Reuters) - Yankee Candle Co Inc said on Thursday it had withdrawn a plan to borrow money in order to pay a dividend to its private equity owner, a sign that a wave of such lucrative deals may be coming to an end....Tags: Private Equity, Finance, Credit Ratings, Restructuring and Recapitalization, Companies and Corporations
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S&P cuts Detroit rating to CCC- as city strives to avoid bankruptcy
Reuters(Reuters) - As Detroit prepares to discuss with creditors how to avoid bankruptcy, Standard and Poor's Ratings Services on Wednesday lowered the city's rating by four notches to CCC minus. The downgrade from B, which affects both general obligation bonds...Tags: Debt Market, Finance, Standard & Poor's Financial Services LLC, Stock Market, Credit Ratings
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Chrysler sets terms of $3 billion loan refinancing
ReutersNEW YORK (Reuters) - Chrysler Group LLC set terms on a loan refinancing that will clear the way for Italy's Fiat to buy the rest of the U.S. carmaker that it does not already own. The company is looking to cut the interest cost on its existing $3 billion...Tags: Finance, Chrysler Group LLC, Bank of America Corp., Fiat S.p.A., Goldman Sachs Group, Inc.
Jun 16, 2013
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Jun 14, 2013
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Jun 14, 2013
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Jun 13, 2013
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Jun 14, 2013
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Jun 13, 2013
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Jun 13, 2013
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Jun 13, 2013
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Jun 12, 2013
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Jun 12, 2013
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