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Corporate Debt

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  • District Judge Katherine Forrest in Manhattan ruled that the evidence failed to support the investors' claims and dismissed the case, a Paramount spokesman said. "We are gratified by the decision," said Robert Lawson, a Paramount spokesman. The investors had been seeking $16 million to $24 million in damages from Paramount, which is owned by Viacom Inc, said James...

  • Oct 30- General Electric Co is in early stage talks to sell its stakes worth more than $1 billion in its South Korean auto-financing and credit card businesses, the Wall Street Journal reported, citing people familiar with the matter. The sale would unwind a partnership that began 10 years ago between GE and Hyundai Motor Co. GE is in talks with Hyundai, which has a...

  • They would resume later in the day if Ukraine and the EU had a firm financing deal in place, Gazprom head Alexei Miller said. There has already been agreement on the price Kiev will pay for gas over the winter, the amount to be supplied and the repayment of some $3.1 billion in unpaid Ukrainian bills but Moscow, which cut off vital pipelines in June as the conflict with...

  • INSIGHT-Sanctions bind Russia's energy elite to Putin Wednesday, 29 Oct 2014 | 2:00 AM ET

    MOSCOW, Oct 29- An offer by Gazprom to help rival Rosneft salvage an Arctic oil project shows how tightly sanctions have bound Russia's political and business elite together in the Ukraine crisis- an unintended consequence of the West's punitive measures. Some Gazprom executives now say this month's little noticed proposal to loan Rosneft a drilling rig was "...

  • BEIJING, Oct 28- Chinese peer-to-peer lender Jimubox, which counts Chinese tech major Xiaomi among its backers, said on Tuesday it plans to raise several hundred million dollars in the next year as it looks to more than triple its lending business to 10 billion yuan. One-year-old Jimubox will have provided 3 billion yuan in online financing by the end of the year,...

  • Oct 24- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue. Hundreds of thousands of borrowers facing foreclosure may have been harmed after they received letters from Ocwen...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • NEW YORK, Oct 23- GM Financial, the in-house financing arm of General Motors Co, said on Thursday it received subpoenas in September from state attorneys general and other authorities over its subprime auto lending and securitization practices. In July, the auto lender received a subpoena from the U.S. Department of Justice over similar issues.

  • Bryan Carter, emerging market debt strategist at Acadian Asset Management, says he is looking for emerging and frontier markets that are cutting interest rates to invest in.

  • BOSTON, Oct 21- U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations. Through September, corporate bond portfolios boosted their holdings of U.S....

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favour as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • UPDATE 1-AT&T revenue rises less than expected Wednesday, 22 Oct 2014 | 4:32 PM ET

    WASHINGTON, Oct 22- AT&T Inc said on Wednesday its quarterly revenue rose but by less than wall street anticipated as a wave of subscribers signed up for equipment financing plans that charge lower service fees. AT&T shares fell 0.9 percent to $33.75 after closing at $34.50 on the New York Stock Exchange. The No. 2 U.S. mobile provider said on Wednesday that...

  • NEW YORK, Oct 21- Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer. The company denied loan modifications in letters that borrowers received more than 30...

  • NEW YORK, Oct 21- Investors who lost money on mid-2000s movies such as "The Manchurian Candidate" took Paramount Pictures to trial on Tuesday in a lawsuit that claims the studio concealed a risky business strategy when it obtained $40 million in financing. Paramount, which is owned by Viacom Inc, says the claims are baseless. The dispute revolves around $40 million...

  • Warning signs from corporate debt     Tuesday, 21 Oct 2014 | 2:30 PM ET

    CNBC's Finance Editor Jeff Cox discusses the corporate debt hike that has occurred since 2011 as well as its long-term impact on the economy.

  • NEW YORK, Oct 21- Shares of Ocwen Financial Corp tumbled on Tuesday after New York's financial regulator said the company, one of the largest U.S. collectors of mortgage payments, may have harmed hundreds of thousands of borrowers by sending letters about loan modifications and foreclosures that were dated months earlier. The company, which has been under...

  • NEW YORK, Oct 21- Ocwen Financial Corp, one of the largest U.S. companies that collects mortgage payments, may have harmed hundreds of thousands of borrowers by sending them letters about loan modifications and foreclosures that were dated months earlier, New York's financial regulator said on Tuesday. The company, which has been under scrutiny by New York's...

  • *Third-quarter net profit $1.86/ share vs est $1.94. Oct 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a lower-than-expected quarterly profit as it set aside more money to cover soured loans. The company's net income attributable to shareholders fell 2.9 percent to $1.06 billion, or $1.86 per share, for the...

  • Oct 16- Capital One Financial Corp reported a 2.9 percent fall in quarterly profit as it set aside more money to cover soured loans. The company's net income attributable to shareholders fell to $1.06 billion, or $1.86 per share, for the third quarter ended Sept. 30, from $1.09 billion, or $1.84 per share, a year earlier. Capital One raised its provision for credit...

  • MOSCOW, Oct 14- Gazprom discussed possible trade and corporate financing along with bond issues with Industrial and Commercial Bank of China Limited, one of the world's biggest, the Russian state-controlled gas company said in a statement. In May, Gazprom has signed a $400- billion gas deal to supply China with gas over 30 years. Gazprom added that bond issues...