Friday’s November nonfarm payroll report should mirror the modest increase in third-quarter output with job gains near the six-month average of 190,000. The Bloomberg consensus forecast is for 185,000 new jobs created. While gains near the six-month average will continue to slowly bring down the U.S. unemployment rate, the majority of jobs are still being created in the low-paying service sector. Click here to [...]
Boyd Gaming may try to lower the cost of some of its $4.3 billion in debt in 2014 if the Fed continues its bond-buying programs that are keeping interest rates low, according to CFO Josh Hirsberg. Click HERE for more.
by Elizabeth Krutoholow Health-care IPOs hit some market resistance last month. In November, seven biotech companies postponed their initial public offerings citing poor market conditions. According to Bloomberg data, other offerings have not been postponed in 2013 prior to November and only four have been withdrawn. Read more >>>
Controversy surrounding European money-market fund (MMF) regulation means political agreement isn’t likely until mid-2015. Regulators are trying to strike a balance between overseeing MMFs and allowing them to continue to be viable. Issues that remain to be resolved include a proposed capital buffer and pressure to align proposals with U.S. reforms. To continue reading, click [...]
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MDC Partners aims to use free cash flow on acquisitions to boost earnings and cut indebtedness, said CFO David Doft. It plans to take the ratio of net debt to Ebitda under 2.5 times, from 3.1, in two to three years, Doft said. Click HERE for more.
Two major trends have dominated the health-care M&A environment in 2013: large moves by biotech and specialty pharma companies and an increased push into the Irish market. Read more>>>
A change to U.S. Senate rules to allow a simple majority to confirm most presidential nominees may help speed up the pace of Dodd-Frank rulemaking. To continue reading, click here.
U.S. investors are buying a record volume of equity-tied structured notes that may be redeemed early, betting that stock values at an all-time high will keep rising. Banks sold $8.62 billion of callable U.S. securities tied to stocks this year, 39 percent more than a year earlier and the most since at least January 2010, [...]