Homepage >>>

    Detroit Schools Pays 4.375% to Borrow for a Year

    Investors’ insistence on a yield 14 times higher than the AAA benchmark on $92 million of Detroit school notes is the latest example of bond market contempt for Michigan after the city’s bankruptcy. Click here to continue reading.


    Detroit Judge Creates Team to Help Mediate

    Detroit’s bankruptcy mediator appointed a team of current and former judges to help him settle disputes between the insolvent city and creditors as the parties try to negotiate cuts in about $18 billion of debt. Click here to continue reading.


    Fed Jitters Hit Flows Amid Stress in China, Japan, India

    Investors in Asia face a pending withdrawal of Federal Reserve liquidity and simultaneous stresses in the region’s three largest economies. China is slowing investment to rebalance its economy toward consumption, while Japan is debasing its currency to stoke exports, and India is caught in a vicious circle of weaker investment and growth. Click here to continue reading.


    April Saw ‘Unusually High’ Number of Finance Industry Bonuses

    U.K. financial-services firms paid an “unusually high” amount of bonuses in April, the ONS says, as the top rate of income tax was cut that month to 45 percent from 50 percent. Bonus payments in finance were 1.3 billion pounds in April compared with 600 million pounds a year earlier. All bonuses totaled 38.6 billion pounds between 2012 [...]


    Entercom May Seek to Cut Term Loan Rate in 4Q: CFO

    Entercom Communications Corp. may seek to reduce interest costs on its term loan after Nov. 27, when it no longer has to pay a premium to refinance, according to the company’s chief financial officer. Click here to continue reading


    Arena, Vivus’ Obesity Drugs See Continual Uptake, Persistence Key Among Primary Care Docs

    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 [...]


    MiFID Trialogue May Push Final Rules to 2016

    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 Seeks Plan Approval in Shadow of US Suit

    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.


    AMR-US Airways Sends Ripples Through Market

    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 Puts Capex, Dividend Before Debt Reduction

    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 [...]


1 2 3 24 25 26 27 28 29 30 72 73 74

Bloomberg BRIEF Newsletters