June 3- EMC Corp turned to the bond markets to raise money for the first time on Monday, selling US $5.5 billion in debt to help fund an expanded share buyback program. Much as Apple did in April, data storage equipment maker EMC made its debut largely to benefit shareholders- in what may signal a wider shift in the technology sector.
*MBIA, FGIC to recoup about $1 billion. NEW YORK, May 23- While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson& Co may have obtained a better deal.
*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap's unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.
Bloomberg said last week that its reporters had limited access to some data considered proprietary, including when a customer logs in or looks for information on assets such as equities or bonds. Since then, other Bloomberg clients, including JPMorgan Chase& Co and government agencies across the globe, have said they were looking into the issue.
May 15- Tesla Motors Inc, which posted its first-ever quarterly profit last week, said on Wednesday that it aims to raise $830 million through a stock and debt offering that will be used to repay its U.S. Department of Energy loans with interest.
JPMorgan estimates that the world's central banks and commercial banks alone now hold some $24 trillion worth of bonds- or 55 percent of the entire $44 trillion universe of government, asset-backed and corporate bonds as captured by Barclays Multiverse Global Bond Index.
*Petrobras sells bond in six parts, demand tops $50 billion. RIO DE JANEIRO/ SAO PAULO, May 13- Brazil's state-controlled oil firm Petroleo Brasileiro SA sold $11 billion of global debt on Monday in the largest-ever bond offering by a Latin American company.
*New jobless claims fall to lowest level in more than five years. NEW YORK, May 2- U.S. "Treasuries modestly weakened, consistent with the slightly better tone in risk assets after the ECB rate cut," but "more focus given to the payrolls report tomorrow," said Eric Stein, co-director of global income at Eaton Vance Management in Boston.
NEW YORK, May 1- More than a quarter of the secondary trading in the US corporate bond market Wednesday was in Apple's newly-minted $17 billion issues, as investors started betting that the iPhone maker will end up trading tighter than higher-rated Microsoft.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.