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    Bernanke, Barclays, Greek Vote, BOE Minutes

    NEWS: Ben Bernanke may tell Congress that reducing QE won’t presage an increase in the main Fed rate. Barclays and four ex-traders were fined $487.9 million by the U.S. Federal Energy Regulatory Commission in a probe into manipulation of energy markets. Moody’s said Ireland’s ratings outlook may stabilize by the end of 2014. To read more, click here.

    Mariner Seeks Two Managers for Multistrategy

    Mariner Investment Group LLC, the hedge-fund firm founded by William Michael-check that has $10 billion including its affiliated advisers, is searching for two portfolio managers to run strategies within a multistrategy pool that opened in April, according to Basil Williams, deputy chief investment officer. To read more, click here.  

    I Squared Targets $2 Bln Debut Infrastructure Fund

    I Squared Capital LLC, led by former executives of Morgan Stanley’s infrastructure arm, is seeking $2 billion for a debut global infrastructure fund, according to a person familiar with the situation. To continue reading, click here.

    Intelsat Plans to Cut Debt to Reduce Leverage, CFO Says

    Intelsat, the biggest issuer of junk bonds this year, wants to cut its debt to earnings ratio to as little as five times by using free cash flow, CFO Michael McDonnell said in a telephone interview last week. The ratio is 7.5 times now, according to McDonnell. Click HERE for More

    Biomet IPO May Be Largest for Medical Device Sector in 20 Years

    by Jason McGorman & Michael Manns, Medical Equipment/Devices Team, Bloomberg Industries   A possible initial public offering for Biomet, an orthopedic device company taken private in a 2007 leveraged buyout, may be the largest for the medical device sector in the past 20 years, according to a Bloomberg Industries analysis.   Read more >>>>

    GE, BofA Lead Drop in U.S. Rate-Tied Note Sales

    General Electric Co. and Bank of America Corp. have all but stopped issuing U.S. structured notes tied to interest rates, leading a 3.7 percent decline in sales of the securities this year. Bank of America’s only such offering in 2013 has been $7.35 million of 10-year notes on June 24, after selling $730.7 million during [...]

    Bloomberg Brief Q3 Economic Outlook

    Business Bankruptcy Index Up in June, Down From Year Ago

    The Bloomberg Business Bankruptcy Index, a gauge of Chapter 11 petitions from companies with debt of more than $100 million, rose 5.5 percent in June to a reading of 71.35 from May and it fell 43 percent from June 2012. Seven Chapter 11 cases in June involved debt of $100 million or more; the two largest cases were TMT USA and Exide. Click here to view.

    Arena’s Belviq Launch Outpaces Vivus’s Qsymia

    by Andrew Berens, MD and Thomas Smith, Bloomberg Industries Prescriptions of Arena/Eisai’s Belviq for obesity appear strong compared to competitor Vivus’ Qsymia. Prescriptions of Belviq rose 83 percent to 2,162 in its second full week on the market, according to data from Symphony Health. Qsymia did not reach this level until its fifth full week. [...]

    First-Half Note Sales Fall Amid Low Volatility

    Structured-note sales fell during the first half of the year in the U.S. and Europe, as lower stock volatility and interest rates left issuers struggling to offer attractive terms. U.S. issuance dropped to $20.2 billion during the period, 6 percent less than last year and the least for the first six months since the start [...]

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