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  • Paramount, which is owned by Viacom Inc, welcomed the ruling by the 2nd U.S. Circuit Court of Appeals in New York that upheld the dismissal of a lawsuit in October 2014 against the company. Paramount counsel Richard Kendall said the company hoped the decision "finally puts the plaintiffs' meritless claims to rest." The lawsuit centered on about $40 million of the...

  • Chesapeake looking to cut debt load: DJ Monday, 14 Dec 2015 | 3:24 PM ET
    Chesapeake looking to cut debt load: DJ

    CNBC's Dom Chu reports the details on Chesapeake as they look to cut their debt load according to Dow Jones.

  • BUENOS AIRES, Dec 11- Argentina's new government is negotiating with a group of Wall Street banks for a credit line worth up to $7 billion to bolster its low foreign reserves and help it lift capital controls, a banking source said on Friday. The commercial banking source said Argentina was in talks with HSBC, JPMorgan Chase& Co., Goldman Sachs, Deutsche Bank and...

  • NEW YORK, Dec 9- Citigroup Inc will take a $300 million "repositioning charge" in the fourth quarter to "resize infrastructure and capacity" throughout its businesses, Chief Financial Officer John Gerspach said on Wednesday. Citi will also add $300 million to $400 million in loan reserves from the third quarter for energy loans, based on the expectation that oil...

  • Dec 9- Citigroup Inc will take a $300 million "repositioning charge" in the fourth quarter, Chief Financial Officer John Gerspach said on Wednesday. The charge will be taken to "resize infrastructure and capacity" throughout Citi's businesses, Gerspach said at the Goldman Sachs U.S. financial services conference. Citi will also add $300- 400 million in loan...

  • NEW YORK, Dec 8- Prosper Marketplace's $28,500 loan to the husband of the couple that killed 14 people in California last week risks drawing regulatory scrutiny of the online lending industry's "fast and easy" business model. Online lenders such as privately held Prosper and market leader Lending Club Corp are part of a small, but fast-growing industry.

  • NEW YORK, Dec 8- Prosper Marketplace's $28,500 loan to the husband of the couple that killed 14 people in California last week risks drawing regulatory scrutiny of the online lending industry's "fast and easy" business model. Online lenders such as privately held Prosper and market leader Lending Club Corp are part of a small, but fast-growing industry.

  • SAO PAULO, Dec 4- Brazil's deposit guarantee fund on Friday provided Grupo BTG Pactual SA a credit facility worth 6 billion reais, bolstering cash at Latin America's biggest independent investment bank after its founder's arrest last week sent clients scrambling to withdraw their money. In a statement, BTG Pactual said it placed a pool of outstanding loans as...

  • SAO PAULO, Dec 4- Brazil's deposit guarantee fund on Friday provided Grupo BTG Pactual SA with a credit facility worth 6 billion reais, boosting the finances of Latin America's biggest independent investment bank after the arrest of its founder sparked an outflow of funds. In a securities filing, BTG Pactual said it would use a pool of outstanding loans to back...

  • SAO PAULO, Dec 4- Brazil's deposit guarantee fund agreed on Friday to extend Grupo BTG Pactual SA a credit facility worth 6 billion reais, boosting the finances of Latin America's biggest investment bank following the arrest of its former controlling shareholder and an outflow of funds. In a securities filing, BTG Pactual said it would use a pool of outstanding...

  • SAO PAULO, Dec 4- Grupo BTG Pactual SA and Brazil's deposit guarantee fund FGC signed a memorandum of understanding on Friday giving Latin America's largest independent investment bank access to tap 6 billion reais in funding. In a securities filing, BTG Pactual said the credit line will be backed by an unspecified pool of loans and be available from Friday.

  • By Arno Schuetze and Andreas Cremer. FRANKFURT/ BERLIN, Dec 2- Volkswagen has agreed the terms of a 20 billion euro bridging loan with banks to help shoulder the costs of its emissions scandal, three people familiar with the matter told Reuters on Wednesday. Europe's largest automaker is under pressure to strengthen its finances, with analysts expecting it will...

  • *Thirteen banks offer between 1.5- 2.5 bln eur each- sources. FRANKFURT, Dec 2- Volkswagen has reached an agreement with banks on the terms of a planned 20 billion-euro bridge loan to help it shoulder the costs of its emissions scandal, three people familiar with the matter said. Thirteen banks are offering credit portions of either 1.5 billion euros or 2.5 billion...

  • FRANKFURT, Dec 2- Volkswagen has reached an agreement with banks on the terms of a planned 20 billion-euro bridge loan to help it shoulder the costs of its emissions scandal, three people familiar with the matter said. Thirteen banks are offering credit portions of either 1.5 billion euros or 2.5 billion euros each, or a total of 29 billion euros, two of the people...

  • SAN FRANCISCO, Nov 30- AppDynamics, a maker of software to manage and analyze applications, has raised $158 million, evidence that some highly valued companies are still garnering investor support despite a pullback in late-stage venture capital. The new funding round, announced by the company on Monday, puts AppDynamics' total financing at $315 million since...

  • The Fed set to adopt new rules Monday, 30 Nov 2015 | 10:00 AM ET
    The Fed set to adopt new rules

    New regulations would not allow emergency loans to be given to individual companies.

  • With an era of cheap government farm credit ending as Brazil tries to curb runaway spending, farmers are seeking different ways to pay for fertilizer and equipment, potentially doubling the share of barter-based financing to 40 percent of the cost of the nation's crops, the most in at least a decade. For merchants, such as Cargill and CHS Inc, the largest U.S....

  • With an era of cheap government farm credit ending as Brazil tries to curb runaway spending, farmers are seeking different ways to pay for fertilizer and equipment, potentially doubling the share of barter-based financing to 40 percent of the cost of the nation's crops, the most in at least a decade. For merchants, such as Cargill and CHS Inc, the largest U.S....

  • LONDON, Nov 27- The euro's slide against the dollar this year has been a competitive boon for corporate Europe, but it has also opened up an alternative financing window for corporate America. This will be a record year for U.S. companies raising funds in euros, a financing option that should be widely used again next year if the euro weakens further against the...

  • Should you invest in high yield bonds? Friday, 27 Nov 2015 | 3:00 AM ET
    Should you invest in high yield bonds?

    Alan Miller, CIO of SCMDirect.com, says the issue with high-yield bonds is the large exposure to oil and gas.