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  • *U.S. to sell $62 billion coupon-bearing debt this week. Treasuries were steady on Tuesday before the government is due to sell $24 billion in three-year notes, the first sale of $62 billion in coupon-bearing debt supply this week, and with heavy corporate debt sales also expected. "You are getting a bit of supply pressure," said Gennadiy Goldberg, an interest rate...

  • The company, which is backed by Tesla Motors Inc founder Elon Musk, said it expects to install 1.0-1.1 gigawatts in 2016, lower than the 1.25 GW it had forecast in February. A pullback in a key solar support policy in Nevada, a January price increase on residential systems and a redesign of its solar loan product were among the reasons SolarCity cited for the...

  • Our priority is paying off debt: BT CEO

    Gavin Patterson, CEO of BT, discusses the company's business priorities and says the dividend will increase by 10 percent in the next two years.

  • Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a court filing.. The company said it expects to emerge out of bankruptcy within six months with a resolution of its disputes with former shareholder Sycamore Partners, which had...

  • May 3- Regional bank operator Comerica Inc said on Tuesday that Chief Financial Officer Karen Parkhill had resigned and would be replaced by General Auditor David Duprey, effective immediately. The news comes two weeks after the Dallas- based lender reported a 55 percent fall in quarterly net profit as its loan loss provisions increased by more than 10 times to...

  • "This announcement confirms that all of the banks are hardly out the other side, but considering this bank's geographic exposure, it is proportionately more exposed," CIBC World Markets Corp analysts wrote in a note. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by the plunge in crude prices.

  • An Aeropostale store

    Retailer Aeropostale is reportedly preparing to file for bankruptcy protection within the next few days.

  • May 2- Bank of America Corp reached a $190 million settlement with a federal home loan bank over four mortgage-related complaints, according to a securities filing on Monday. The bank had accrued "substantially all" of the settlement amount previously, Bank of America said in a filing with the U.S. Securities and Exchange Commission. The litigation was started by...

  • May 2- Apollo Global Management LLC has struck deals to acquire Maxim Crane Works LP and AmQuip Crane Rental LLC, creating a U.S. lifting equipment company valued at close to $1.4 billion, including debt, people familiar with the matter said. However, banks' unwillingness to offer financing then prevented the New York- based private equity firm from clinching a...

  • NEW YORK, April 29- JPMorgan Chase& Co disclosed on Friday that its "criticized" loans to the oil and gas industry more than doubled in the first three months of the year. Criticized oil and gas loans, which are defined by regulators as doubtful, substandard or deserving of special mention, rose to $9.7 billion at the end of March from $4.5 billion at the end of December,...

  • Criticized oil and gas loans, which are defined by regulators as doubtful, substandard or deserving of special mention, rose to $9.7 billion at the end of March from $4.5 billion at the end of December, according to a quarterly filing the company made with the U.S. Securities and Exchange Commission.

  • Leland Hart, who has been with the company for seven years and has headed the company's bank loans team, will no longer oversee funds including the nearly $3 billion BlackRock Floating Rate Income Fund. Hart managed $10.8 billion in money and accounts at BlackRock as of last year, while Ebner oversaw $2.2 billion, according to earlier disclosures BlackRock made...

  • NEW YORK, April 28- A BlackRock Inc managing director and portfolio manager who had been head of the bank loans team has relinquished his role leading several fixed-income funds to "pursue other interests," according to an internal memo seen by Reuters on Thursday. Leland Hart, who had been with the company for seven years, managed billions in funds such as the...

  • *Concerns over Americana's Iran business among reasons. DUBAI, April 28- Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its planned purchase of a majority stake in Kuwait Food Co, three sources aware of the matter said on Thursday. The U.S. bank failed to secure internal approval to participate in the...

  • DUBAI, April 28- International Finance Corporation, the World Bank's private sector investment arm, said on Thursday it had arranged $375 million in financing for an Iraqi power company to provide electricity to millions of people in Kurdistan and Baghdad. The investment in Kurdistan will help boost infrastructure in a part of Iraq that is struggling...

  • April 27- Pacific Exploration& Production Corp said an Ontario court approved a $500 million debtor-in-possession financing facility for the Canadian company and its units, hours after it filed for creditor protection. The Ontario Superior Court of Justice also approved a $134 million letter-of-credit facility and second-priority lien over assets...

  • But Nathan Sheets, Treasury undersecretary for international affairs, said the United States is not presently considering an investment in the new Beijing- based Asian Infrastructure Bank. The AIIB can help establish a positive track record through co-financing deals with other development banks, such as the World Bank and the Asian Development Bank.

  • April 27- Solar Mosaic Inc, a former crowdfunding startup that reinvented itself as a provider of home solar loans, said on Wednesday it had secured $200 million in funding that will support at least 5,000 rooftop installations. Germany's DZ Bank and New York state's NY Green Bank provided the warehouse financing to the Oakland, California- based company, which...

  • KHOBAR, Saudi Arabia, April 27- The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The plans suggest Saudi Arabia's state oil company, which Deputy Crown Prince Mohammed bin Salman estimated this week was worth...

  • IMF says measures to solve China debt could make problem worse

    Experts at the International Monetary Fund say design is key for the suggested methods to work.