Cash is king in America as companies hoard more cash than ever before, according a new report from Moody's that examined nonfinancial companies.» Read More
BRASILIA, March 24- Standard& Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating.
*Genting Singapore, Paradise also planning casino complexes. SEOUL/ HONG KONG, March 18- Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino- a key boost for a company that has largely missed out on the region's boom in gambling revenues.
SEOUL/ HONG KONG, March 18- South Korea gave a preliminary greenlight for a large-scale foreigners-only casino complex to a consortium that includes Caesars Entertainment Corp, seeking to draw in wealthy Chinese gamblers and their tourist dollars.
BOSTON, March 16- Bargain store chains are flooding into North American malls and shopping centers like never before, upstaging old mainstays like J.C. Penney and Sears that are reeling from the one-two punch of an ailing economy and competition from online stores.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
March 14- Puerto Rico pulled off a blockbuster of a bond sale this week, sparing it from the threat of imminent default, but few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.
NEW YORK, March 6- Shopping for employee health insurance on private marketplaces might be the way of the future for tens of millions. However, expert opinions about growth have been based on projections, not actual consumer behavior in the exchanges that only really got going last year.
SAN JUAN, March 3- Puerto Rico's legislature on Monday approved government plans to raise up to $3.5 billion in general obligation bonds, clearing the way for a sale as soon as this week. But at the Puerto Rico deal, non-traditional municipal bond buyers such as hedge funds that are able to take on the added risk are expected to dominate.
Feb 26- Credit rating agency Moody's Corp warned that mortgage servicers such as Ocwen Financial Corp could be pushed into subprime lending as their core business comes under increased regulatory scrutiny.
TRENTON, N.J. Feb 25- New Jersey Governor Chris Christie called for a new round of public pension reform in his fifth state budget proposal on Tuesday but provided no details, while opposition Democrats rejected the idea.
Feb 24- Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said on Monday. "Fitch considers Detroit's plan of adjustment to be hostile to GO bondholders," the rating agency said in a statement.
RIO DE JANEIRO, Feb 24- Moody's Investors Service expects Brazil's credit ratings to suffer in 2015 if the next government does not make major policy changes to regain market confidence and ensure a decline in the country's debt burden.
NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..
TORONTO, Feb 13- Bombardier Inc reported a quarterly profit that fell well short of expectations on Thursday and cut its 2014 earnings forecast as it spends heavily on developing its new CSeries jetliner, news that spurred downgrades of its credit rating and pushed its shares sharply lower.
Credit rating giant Moody's warns that two proposed Obamacare rule changes would be "further credit negatives for health insurers."
SEOUL, Feb 13- South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, hoping it will help propel the company to the No. 3 spot in global smartphone sales this year.
SEOUL, Feb 13- South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, seeking to woo customers ahead of a rival offering from market leader Samsung Electronics later this month.
NEW YORK, Feb 11- Fitch on Tuesday became the third credit rating agency in a week to downgrade Puerto Rico to junk, citing worries about the cash-strapped U.S. territory's weak economy and reduced ability to finance itself in capital markets. Puerto Rico has some $70 billion of debt outstanding and has long struggled with a shrinking economy and population.
SAN JUAN, Puerto Rico, Feb 10- Puerto Rico Gov. Moody's Investors Service last week lowered the commonwealth's credit rating to junk status and also cut the rating on the Cofina debt because of worries about the island's shrinking economy and population.