Companies are borrowing through more junior-ranking loans than ever before, helping to fund buyouts and payouts to private-equity firms. Click here to view the entire article
WHAT TO WATCH: Russia recognized Crimea as an independent state, while Western leaders warned of further sanctions if Russian forces move deeper into Ukraine. Click here to view the entire article.
Pervasive cracking has shuttered the$60 million home of a high-school football championship team in Texas after less than two years. Click here to view the entire article.
WHAT TO WATCH: President Vladimir Putin supported a request from Crimea to join Russia, defying U.S. and European Union sanctions. Click here to view the entire article.
Loan ETFs saw $235 million in net inflows in the week to March 12, the highest since the week of May 22, 2013, Lipper data show. Click HERE for more.
A.M. Castle aims to save more than $20 million of annual interest costs by refinancing 12.75 percent bonds in the second half of this year, said Chief Financial Officer Scott Stephens. Click HERE for more.
In this SPECIAL EDITION: The combination of hydraulic fracturing and horizontal drilling to unlock gas and oil reserves in U.S. shale has put the country back on course to be one of the world’s largest oil producers, reshaping everything from its geopolitical relationship with Russia to the GDP of oil-producing states. Click here to download. [...]
Purdue Pharma LP plans to apply for regulatory approval of a tamper-resistant competitor to Zogenix Inc.’s powerful pain pill, a move that could get its rival’s drug pulled from the market by U.S. regulators. Click here to view entire article.
The lack of action on global warming is comparable to not taking out fire insurance on a house that has a 95 percent chance of burning down, warns Jean-Pascal vanYpersele, vice chair of the UN Intergovernmental Panel on Climate Change. Click here to view the entire article.
A turnaround at Rite Aid Corp. that prompted Goldman Sachs Group Inc. to almost double its stock estimate is also turning the drugstore chain into a takeover candidate. Rite Aid surged 7.5 percent on March 12 after Goldman Sachs analyst Robert Jones said the stock has further to climb, even after more than tripling last year amid a [...]