Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.» Read More
April 2- A U.S. bankruptcy judge on Wednesday approved Detroit's plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city. Judge Steven Rhodes, who is overseeing Detroit's historic bankruptcy case, overruled objections by city creditors who took issue with the timing and structure of the loan.
For those Chinese firms positioned for a strengthening currency, the recent yuan weakening may spell significant earnings hit, analysts at Nomura say.
It is wrong to describe a recent corporate debt default in China as a 'Lehman' or 'Bear Stearns' moment, BlackRock's Asia Pacific chairman told CNBC.
WASHINGTON, March 28- The U.S. Energy Department will soon issue a plan to offer loan aid for renewable energy projects, Energy Secretary Ernest Moniz said on Friday, doubling down on investments that have drawn intense criticism over past government-backed business flops.
March 26- Global Geophysical Services Inc, a provider of seismic data to oil and gas companies, filed for bankruptcy due to heavy debt and said it was seeking court approval for $60 million in debtor-in-possession financing. The company and some of its units made a Chapter 11 filing in the U.S. Bankruptcy Court in Corpus Christi, Texas.
March 25- Women's apparel retailer Body Central Corp raised doubt about its ability to continue as a going concern after it reported its third straight quarterly loss and negative cash flows from operations. Body Central also said it would expand its credit facility, cut jobs and defer certain capital projects to improve liquidity.
*Capital ratio dips but remains above Basel threshold. SHANGHAI, March 25- Agricultural Bank of China Ltd posted its slowest full-year net profit growth on record in 2013 as the country's third largest lender bolstered provisions against an anticipated increase in bad loans.
MOSCOW, March 25- Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP. Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.
Online home-rental marketplace Airbnb is in talks with private equity firms, according to a report.
The drumbeat of bad news about China's debt defaults is likely to continue, but comparisons with Lehman Brothers or Bear Stearns may be overdone.
Yuan weakness may spike some companies' carry trades, adding further concern over emerging market corporate balance sheets amid rising offshore debt.
China's property sector, already a nagging economic risk, may become a victim of the yuan's unexpected weakening as developers' debt costs may rise.
Global junk bond issuance hit an all-time high in 2013, led by a surge in Europe, as corporates sought to take advantage of cheap borrowing costs.
Kumar Palghat, Managing Director of Kapstream Capital tells CNBC why corporate debts are a good bet right now.
Jing Ulrich, MD & Vice Chairman of Asia Pacific at JPMorgan Chase says China's leadership is likely to announce reform measures at its upcoming Third Plenum in November.
CNBC's Steve Liesman says Fidelity has gotten rid of all its U.S. debt due in late October and early November.
You have to have a lot of confidence in what you are doing and believe in your analysis over the long term, said Marc Lasry, Avenue Capital chairman & CEO, discussing the difficulty in going against market sentiment and buying distressed assets during the financial crisis.
Marc Lasry, Avenue Capital chairman & CEO, explains how his company managed to make billions of dollars for investors through the financial crisis.
Verizon Communications priced a massive bond sale on Wednesday, offering $49 billion worth of debt.
Apostolos Bantis, credit analyst at Commerzbank, tells CNBC that tapering will cause some supply risk but will affect emerging market corporate debt more than western markets.