DOVER, Del.— A Delaware judge has given a lender 60 days to buy the former presidential yacht Sequoia from its current owners. It was the official yacht for presidents from Herbert Hoover through Jimmy Carter. Because of a loan default by Sequoia Presidential Yacht Group, lender FE Partners LLC can exercise an option to purchase the yacht for $7.8 million, minus...» Read More
Allergan sued Valeant Pharmaceuticals and Pershing Square Capital, alleging both acted inappropriately in their hostile $53 billion bid.
Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.
Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.
Rising Asia corporate debt levels may make investors nervous after missed debt payments by a Portugal conglomerate spurred renewed default fears.
Emerging market bonds have been hot this year, erasing price falls following last year's "taper tantrum," but some say the rally may be getting old.
Shadow banking gets tagged as a China risk, but it may be rising globally as low interest rates spur yield chasing and tougher rules constrain banks.
American Apparel is in talks with Standard General to secure funding and replace its board except for two co-chairmen, according to the WSJ.
Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.
Despite a plethora of headwinds, Australia shares may be poised for a rally, as analysts expect more companies to pursue acquisitions.
China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.
Corporate debt in Asia-Pacific will exceed that of North America and Europe combined by 2016 as the center of gravity shifts to the region, says S&P.
26 non-financial S&P 500 companies resist borrowing, as they reported no long-term debt for the first quarter of 2014. USA Today reports.
With the U.S.'s zero interest rate era nearing its end, some analysts worry that bonds on the short end of the yield curve may face a selloff.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Goldman Sachs is still doing business with Steven A. Cohen and extended a loan to the billionaire after his firm, SAC Capital Advisors.
Apple is expected to issue between $8 billion to $10 billion worth of bonds as part of a huge debt sale, Dow Jones reported.
American Realty is in talks to buy NorthStar Realty, according to sources, in a deal that would combine a major property owner with a real estate financing company.
Making loans for China's smaller businesses more available would likely resolve the shadow banking hobbling the financial system, Minsheng Banking's vice chairman said.
Concerns may be rising over potential China bond defaults, but the risks may be exaggerated, Deutsche Bank said after combing through bond issuers.
For those Chinese firms positioned for a strengthening currency, the recent yuan weakening may spell significant earnings hit, analysts at Nomura say.