Southern Co. said Thursday that the firms designing and building the new plant expect work on the first reactor will be complete in mid-2019, and the second reactor will be finished in mid-2020. For every month of delay, Southern Co. subsidiary Georgia Power expects to incur $40 million in additional capital and financing costs. Southern Co. officials said...» Read More
The last four months of the year have seen a big jump in U.S. companies filing for bankruptcy protection. We’ve ranked the top 10 bankruptcy filings of 2011, using data from banktruptcydata.com.
Moody's affirms Wells Fargo's short term debt rating, but downgrades its long-term ratings, with CNBC's Scott Wapner, and Peter Boockvar, Miller Tabak.
Scores of big corporations have lost their AAA status in recent years, and it hasn't seemed to hurt them, so what's the big deal about the federal government losing such status, The New York Times reports.
The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.
Distressed corporate debt represents an excellent opportunity for investors as political and economic uncertainty rattles global bond markets and small and medium sized businesses struggle to raise capital, Jon Macintosh, manager at closed-ended investment company Acencia Debt Strategies told CNBC.
Keeping costs under control remains the biggest challenge to European soccer clubs, with wage-to-revenue ratios worsening in 2009/2010 despite overall revenue increases, according to new research from Deloitte.
Asian corporate bonds are finding favor with investors as they offer high yields-5-10%- but come with less risk as regional companies strengthen their balance sheets in a high growth environment.
Chinese companies have this year embarked on an unprecedented borrowing spree in international bond markets, a trend driven by property developers starved of credit by state-owned banks. The FT Reports.
While periphery euro zone countries are drowning in a sea of debt and investor reluctance, Eastern Europe – which two years ago sent shockwaves through markets – is now shining away from the limelight.