NEW YORK-- Aeropostale appeared headed for a new 52- week low in premarket trading Friday after its losses widened and the teen retailer, in exchange for new financing, allowed for a larger chunk of its shares to go the private equity firm Sycamore Partners.» Read More
SINGAPORE/ JAKARTA, Sept 23- The U.S. The borrowing binge was a product of Indonesia's strong economic growth and record-low global interest rates. Data from Indonesia's central bank shows that 89 percent of its corporate debt is denominated in U.S. dollars.
NEW YORK, Sept 19- Wells Fargo& Co, the largest U.S. mortgage lender, said on Thursday that it will cut 1,800 jobs in its home loan business due to lower demand for refinancing amid higher interest rates. Sloan also said Wells Fargo expected to make $80 billion in home loans in the third quarter, nearly 30 percent below its second-quarter figure.
DETROIT, Sept 17- The U.S. Department of Energy will auction next month a green technology loan made to Fisker Automotive, a move that may allow the struggling company to mount a comeback under a new owner. The auction is scheduled for Oct. 11 with bids due on Oct. 7, according to a notice posted on Tuesday on govsales.gov, which tracks government asset sales.
BEIJING, Sept 17- A state-owned asset management company in China said the "best business strategy" for the country's banks is to slightly underestimate their bad loan ratios, a rare affirmation of investor suspicions that Chinese lenders downplay their bad-debt woes.
Sept 17- FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday with the aim of cutting its debt load as the company struggled to make certain loan payments, a court filing showed. In 2010 the owner of Penthouse magazine offered to buy rival Playboy Enterprises Inc for $210 million.
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.
Apostolos Bantis, credit analyst at Commerzbank, comments on the emerging markets corporate debt correction, and says valuations are still appealing.
Debt issuance in the once sizzling junk bond market plummeted in June as volatility in U.S. Treasury yields and a souring of risk appetite deters corporates from raising capital.
Simon Ballard, senior credit strategist at the National Australia Bank, comments on how Bernanke's speech prompted a "180 degrees" swing in the credit market and why a correction is near.
China is forecast to surpass the U.S. as the world's largest corporate debt market for non-financial companies in the next two years. The Financial Times reports.
Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
Colin Ellis, senior vice president at Moody's Investors Service, thinks there is no bubble in corporate credit, despite low yields and high prices.
U.S. Treasurys were firm on Monday as investors focused on a heavy calendar of central bank meetings and highly anticipated jobs data scheduled for later this week.
Benchmark U.S. Treasurys prices extended last weeks' rally as investors snapped up safe-haven government bonds on fears that growth in the U.S. economy is slowing.
Chris Pucillo, Solus CEO & CIO, explains how his hedge fund is profiting from distressed debt.
David Etheridge, Senior VP & Head of Capital Markets Group at NYSE Euronext explains how the low interest rate environment has created greater financing opportunities for companies.
How do you make money in these markets? Here is what some of the experts on CNBC have been telling us this morning.