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Corporate Debt

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  • Nov 19- Cloud security software maker CipherCloud said it raised $50 million financing from Transamerica Ventures, Delta Partners, and existing investors Andreessen Horowitz and T-Ventures. The company's products enable users to secure data by encryption across multiple cloud applications such as Salesforce.com Inc, Google Inc's Gmail and Microsoft...

  • BUDAPEST, Nov 19- U.S.-Hungarian company Prezi.com, which makes online tools for creating presentations, has raised $57 million in financing from U.S. venture capital firm Spectrum capital and existing investor Accel Partners. Prezi CEO Peter Arvai told Reuters in an interview that the company, which he started five years ago in Hungary and now has 50 million...

  • Average US 30-year loan rate slips to 4.01 pct. Thursday, 13 Nov 2014 | 10:12 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates edged lower this week, approaching their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year mortgage slipped to 4.01 percent from 4.02 percent last week. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and...

  • Nov 13- Wells Fargo& Co said it would sell government-guaranteed student loans worth $8.5 billion to Navient Corp, one of the largest U.S. loan servicing and asset recovery companies. Student loan servicers, such as Navient, Great Lakes Educational Loan Services and Nelnet Inc, accept borrowers' payments and help those facing financial setbacks to enroll in...

  • Nov 13- Student loan servicing company Navient Corp said it would buy a portfolio of federally guaranteed student loans from Wells Fargo& Co, totaling $8.5 billion. The acquisition is expected to close in the quarter ending December, Navient said. Due to a change in federal law, Wells Fargo had not issued federal student loans since June 30, 2010, the bank said in a...

  • Cepheid receives grant to develop Ebola diagnostic test Thursday, 13 Nov 2014 | 7:50 AM ET

    Nov 13- Molecular diagnostics company Cepheid said it received a grant of up to $3.3 million, co-financed by the Paul G. Allen Family Foundation and the Bill& Melinda Gates Foundation, to develop a diagnostic test for the deadly Ebola virus. The Xpert Ebola test, which is expected to use saliva or a drop of blood to identify the virus, is likely to be offered on an...

  • Nov 13- The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black. According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September- higher than the...

  • Small business lender On Deck files for $150M IPO Monday, 10 Nov 2014 | 5:23 PM ET

    NEW YORK— Small business lender On Deck on Monday filed for an initial public offering valued at up to $150 million. On Deck Capital Inc. takes online loan applications from small businesses, assesses their creditworthiness, and in some cases it lends them money the same day. The New York company says it has lent more than $1.7 billion to 25,000 small businesses...

  • KiOR files for bankruptcy, but not Miss. unit Monday, 10 Nov 2014 | 9:16 AM ET

    JACKSON, Miss.— Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. KiOR defaulted on a loan from Mississippi last week after failing to make a $1.8 million debt payment. The company borrowed $75 million from Mississippi to build a refinery in Columbus...

  • Making junk-rated loans to companies that are often owned by private equity firms is a lucrative, high-margin business for major Wall Street banks. Leveraged loans accounted for $254.7 billion, or 74.7 percent, of criticized assets in the 2014 review, compared with $227 billion, or 75 percent, of criticized assets in 2013, the Federal Reserve, the Federal...

  • OGAKI, Japan, Nov 7- While rival banks sit on their deposits, frustrating government efforts to reflate Japan's stagnant economy, regional banker Takashi Tsuchiya will write you a loan to close your business or end your marriage. The portly boss of Ogaki Kyoritsu Bank in the central Gifu prefecture, who deploys an infectious giggle as liberally as he disburses...

  • OGAKI, Japan, Nov 7- While rival banks sit on their deposits, frustrating government efforts to reflate Japan's stagnant economy, regional banker Takashi Tsuchiya will write you a loan to close your business or end your marriage. The portly boss of Ogaki Kyoritsu Bank in the central Gifu prefecture, who deploys an infectious giggle as liberally as he disburses...

  • NEW YORK, Nov 6- Walter Investment Corp, one of the largest U.S. companies that collect home loan payments, said on Thursday that several state regulatory agencies were investigating its business practices, and its shares fell by over 20 percent. The company had met with the working group during the second quarter to discuss "concerns about various loan servicing...

  • NEW YORK, Nov 6- Walter Investment Corp, one of the largest U.S. companies that collect home loan payments, said on Thursday that several state regulatory agencies were investigating its business practices, and its shares fell nearly 19 percent. The company previously met with the working group during the second quarter to discuss "concerns about various loan...

  • NEW YORK, Nov 6- Walgreen filed Thursday for an eight-part US dollar benchmark bond offering, as the company looks to help fund a US $15.3 financing package for its acquisition of Alliance Boots. Active bookrunners on the trade are Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Morgan Stanley. Passive books are HSBC, JP Morgan and Wells Fargo...

  • Walgreen files for eight-part USD benchmark bond Thursday, 6 Nov 2014 | 8:48 AM ET

    NEW YORK, Nov 6- Walgreen filed Thursday for an eight-part US dollar benchmark bond offering, as the company looks to help fund a US $15.3 financing package for its acquisition of Alliance Boots. Active bookrunners on the trade are Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Morgan Stanley. Passive books are HSBC, JP Morgan and Wells Fargo...

  • Nov 6- Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter. Fannie Mae does not lend money directly, nor does rival financing firm Freddie Mac. Fannie Mae's dividend to the U.S.

  • *EU wants more company financing, Deutsche Bank skeptical. Channeling more money into small companies is seen as crucial for Europe's efforts to avoid economic stagnation because small and medium enterprises provide two out of every three private-sector jobs in the European Union. However, Deutsche Bank co-CEO Juergen Fitschen said that emulating the...

  • SHANGHAI, Nov 6- Shares in China Sinotrans Ltd, one of the country's largest logistics firm, rose over 3 percent on Thursday after it said its operations were unaffected by a report about an alleged financing scam at its sister company. "The Company clarifies that the subject of the media report does not relate to the operations of the Company or any of its...

  • NEW YORK, Nov 4- Capital One Financial Corp said it had received a subpoena from the New York district attorney's office about its subprime auto finance practices. Santander Consumer USA Holdings Inc; Ally Financial Inc; and GM Financial, the in-house financing arm of General Motors Co, have also received subpoenas from various law enforcement authorities and...