Corporate Asia has taken advantage of ultra-low interest rates, loading up on debt, but with rates set to rise, there may be risks ahead.» Read More
NEW YORK, Aug 15- Coca-Cola Co's $2.15 billion wager on a stake in Monster Beverage Corp highlights the growth-starved soft drink company's embrace of deals that fall short of a full-blown merger and acquisition but allow it to test-drive potentially risky targets.
NEW YORK, Aug 15- Puerto Rico managed to keep its electricity flowing this week- but creditors made it clear that the crisis enveloping the island's power utility is far from over.
Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.
WASHINGTON, Aug 6- Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank.
CHICAGO, Aug 1- Chicago said its budget deficit was on track to shrink to just below $300 million in 2015, but a state-mandated increase in pension payments would expand gaps in the future.
DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.
SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.
July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.
July 29- RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody's Investors Service report said.
*Net income $1.06/ shr vs. est 99 cents/ shr. July 28- McGraw Hill Financial Inc reported a better-than-expected quarterly profit, driven by growth in its Standard& Poor's ratings unit due to a resurgent bond market. Revenue from the S&P business rose 11 percent to $664 million in the quarter, accounting for nearly half of McGraw Hill's total revenue.
NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.
NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.
July 25- Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.
*Second-qtr adjusted earnings $1.12/ shr vs est. July 25- Credit rating agency Moody's Corp reported a higher-than-expected quarterly profit as revenue rose from its bond ratings business, and the company raised its full-year revenue growth forecast.
Some of the names on the move ahead of the open.
Net income attributable to Moody's rose to $319.2 million, or $1.48 per share, in the second quarter ended June 30 from $225.5 million, or $1 per share, a year earlier.
In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
*Russia has 10 pct of EMEA maturities of $1.17 trillion. MOSCOW, July 23- Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, which includes a peak maturity wall to overcome in 2015, a report by Moody's Investors Service said.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.