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Corporate Debt

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  • BEIJING, April 17- Alibaba Group Holding Ltd deepened its push into the automotive business on Friday, saying it had struck a partnership with Shanghai General Motors to offer online sales and financing for GM cars. Currently, Shanghai GM's Buick, Cadillac and Chevrolet brands are available for sale on Alibaba's TMall.com website, and the two companies said...

  • NEW YORK— A former JPMorgan Chase& Co. banker was arrested Thursday on charges he stole $20 million from clients over a four-year period, using some of the money to make personal investments and pay a home loan. Bail was set for Michael Oppenheim, 48, of Livingston, New Jersey, at $1 million by a magistrate judge who also required home detention and electronic...

  • NEW YORK, April 14- JPMorgan Chase& Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. Loans that fund smaller leveraged buyouts, where companies often do not have the size or financial resources to weather a business downturn,...

  • NEW YORK, April 14- Wells Fargo Corp showed again in the first quarter why it and other big banks want their financial advisers to sell fee-based products. Profit in the "Wealth, Brokerage and Retirement" sector of the San Francisco- based bank rose 18 percent from the previous year's first quarter to a record $561 million, more than double the sector's 8 percent...

  • The Otoe-Missouria Tribe of Indians contends it has been attacked by Connecticut, which has fined the tribe's chairman and its business entities a total of $1.5 million for violating the state's cap on interest rates. Rodney Butler, chairman of the Connecticut- based Mashantucket Pequot Tribal Nation, said tribes have sovereign rights and should be allowed...

  • NEW ORLEANS— A 21- year-old transgender man says in a sex discrimination lawsuit that he was forced to leave his job at a Mississippi- based loan company once officials there found out he was born a woman but dressed and acted like a man. Tristan Broussard filed suit on Monday against First Tower Loan LLC., a financial loan company based in Flowood, Mississippi, with...

  • ALBUQUERQUE, N.M.— Jill Mooney recently took out a $300 loan from a storefront business to get out of a financial jam, putting up her $1,400 car as collateral. High-interest lending practices have been a target of consumer advocates for decades in New Mexico, one of the poorest states in the country. Small loan lenders contributed more than $103,000 to New Mexico...

  • Online lenders: Offer faster cash for small business Thursday, 9 Apr 2015 | 12:00 AM ET
    Yaniv Liron, chief executive of Lumina Systems, at his office in New York, April 6, 2015.

    Online lenders like Fundbox are offering small businesses quick access to cash, rivaling traditional banks.

  • Domo valued at $2 bln in new funding round Wednesday, 8 Apr 2015 | 12:00 PM ET

    April 8- Domo, a cloud based-management platform provider, said it had closed a $200 million round of funding that values the company at $2 billion. The Series D financing round led by BlackRock Inc, also includes Capital Group, Glynn Capital and GGV Capital, the company said. Domo, which counts Ebay Inc, The Sage Group Plc, Telus Corp and National Geographic among its...

  • FLIR Systems to settle U.S. SEC bribery charges Wednesday, 8 Apr 2015 | 11:17 AM ET

    WASHINGTON, April 8- Defense contractor FLIR Systems Inc will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday. The Securities and Exchange Commission said that the Oregon- based company self-reported the...

  • Global Fashion Group hires ex-Amazon.com exec as CEO Wednesday, 8 Apr 2015 | 2:07 AM ET

    FRANKFURT, April 8- Global Fashion Group, formed out of five Kinnevik- and Rocket Internet- backed online fashion start-ups active across dozens of emerging markets, has hired the former head of Amazon France as its new chief executive. The newly merged company said on Wednesday it is taking 32 million euros of new financing from Tengelmann Ventures and...

  • This is slowing renewables’ advance in Asia Monday, 6 Apr 2015 | 6:45 PM ET
    Two Uighur children play around the solar panels in the remote Bulunkou township in the mountains south of Kashgar, Xinjiang, China.

    Across Asia, governments are trying to boost renewables' share of the energy mix, but often, there's one big obstacle holding projects back: money.

  • April 6- The company started by Andy Rubin, the architect of Google Inc's Android mobile business, to support and advice device-making tech startups has raised $48 million in equity financing, according to a regulatory filing. Rubin, who was also head of head of Google's nascent robotics effort, stepped down from the company in October after a nine-year stint...

  • TOKYO, April 6- Tokyo shares fell on Monday as weak U.S. jobs data soured risk appetite, but Sharp Corp jumped after a source said it may spin off its LCD panel business and seek financing from a government-backed fund. The Nikkei 225 index ended 0.2 percent lower at 19,397.98 points. Sharp jumped 6.1 percent after a source said it may spin off its LCD panel business...

  • *Toshiba tumbles after saying it will appoint committee to investigate earnings. *Tomony Holdings jumps after saying it considers buying MUFG affiliate. TOKYO, April 6- Japan's Nikkei share average fell on Monday as weak U.S. jobs data soured sentiment, but Sharp Corp jumped after a source said it may spin off its LCD panel business and seek financing from a...

  • DUBAI, April 4- Kuwait Foreign Petroleum Exploration Company, a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan, raising a previous debt it took last November to $2.5 billion. Bank of Tokyo-Mitsubishi-UFJ, HSBC Plc, JP Morgan, National Bank of Kuwait and Royal Bank of Scotland acted as...

  • WASHINGTON, March 30- U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she breached her fiduciary duty to investors by hiding the poor performance of loans underlying three collateralized loan obligations. The Securities and Exchange Commission said that Tilton and Patriarch Partners were able to collect almost...

  • ZURICH, March 30- Switzerland's Dufry plans to raise around 3.6 billion euros through a mixture of debt and equity financing for its planned takeover of Italy's World Duty Free, Dufry said on Monday. The company expects to raise at least 2.1 billion euros through a rights issue, and up to 1.5 billion euros via long-term debt instruments. On Saturday, Dufry said it...

  • Play corporate bonds for the short term: Goldman Sunday, 29 Mar 2015 | 11:27 PM ET

    While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.

  • March 27- Hong Kong stocks ended flat on Friday, with banking heavyweights down but property stocks firmer after news of government measures to support the real estate sector. Bank of Communications Co Ltd said on Thursday its bad loan ratio rose to 1.25 percent, the highest level since 2010.. Among the most actively traded stocks on Hong Kong's main board were...