by Elizabeth Krutoholow Arena’s Belviq and Vivus’ Qsymia have been readily adopted by weight loss experts, according to Dr. Ken Fujioka, director, Nutrition and Metabolic Research and of the Center for Weight Management at Scripps Clinic. Persistence of use, particularly among primary care doctors will be critical for the companies to maintain this [...]
The European Parliament will next month reconvene and resume its “trialogue” on the EU Markets in Financial Instruments Directive (MiFID) with the European Council and the European Commission. Significant differences between the versions agreed by the bodies must be reconciled before the new regime is implemented. Uniform rules may not go into effect until 2015 or 2016. To read [...]
AMR Corp. urged a judge to approve its plan to exit bankruptcy protection by merging its American Airlines with US Airways Group Inc. two days after the U.S. sued to block the combination as a threat to consumers. To read more, click here.
The U.S. Justice Department’s move to block the merger between AMR Corp. and US Airways Group Inc. is sending a chill through the deals market. Since both airline companies were sued Aug. 13 to prevent the transaction that would create the world’s largest carrier, traders grew more skittish around other U.S. deals seeking regulatory approval. To read more, [...]
Frontier Communications is forgoing debt reduction to invest in infrastructure and maintain its dividend to shareholders, according to CFO John Jureller. Frontier has enough cash flow to repay at maturity a $200 million 8.25 percent bond due May 2014, as well as $105.1 million outstanding on 6.625 percent notes due March 2015 and $96.9 million of 7.875 percent bonds [...]
Detroit’s $369 million of voter-approved general-obligation bonds provide a “strong case’’ to be treated as secured debt in the city’s record bankruptcy, returning 100 percent to investors, according to Barclays Plc. To read more, click here.
NEWS: The Shanghai Composite Index surged as much as 5.6 percent in the biggest intraday jump since March 2009, spurring the exchange to investigate the spike. Angela Merkel said the European debt crisis hasn’t been overcome as she repeated in a speech that governments should cut debt. To read more, click here.
Sales of structured notes that bet on a weakening U.S. dollar have stalled after the busiest first quarter since 2010 on concern that reduced Federal Reserve stimulus may strengthen the currency. To read more, click here.
NEWS: Angela Merkel warned against the perils of excessive debt. India increased efforts to stem the rupee’s plunge and stop capital outflows. Egypt’s security forces broke up sit-ins by Islamist protesters, sparking violence that left hundreds dead. To read more, click here.
The longest-term bonds offer a buying opportunity, analysts at JPMorgan Chase & Co. and Citigroup Inc. say, as yields reach a two-year high following Detroit’s bankruptcy and concern over the Federal Reserve curbing bond purchases. To read more, click here.