April 29- Beleaguered Canadian drugmaker Valeant Pharmaceuticals International Inc filed its annual report on Friday, which will help it stave of a default on its $30 billion debt. The company said it was in compliance with its credit agreement and senior note indentures. Valeant said no additional restatements were required beyond those previously... » Read More
Does your congressman know anything about weed? Here is NORML's 2016 Congressional Scorecard on marijuana.
Discussing the banking sector and recent earnings releases with Richard Kovacevich, former Wells Fargo Chairman & CEO.
The kingdom aims to offset shrinking oil revenues and reserves amid the continued decline in crude prices.
Vernon Hill, founder and chairman of Metro Bank, discusses the firm's first-quarter results and the balance between digital and high street banking.
April 19- Oil and gas producer Denbury Resources Inc said its lenders reduced its borrowing base by 30 percent to $1.05 billion and that it had to pledge more assets. The company said the amendment to its credit facility increased the mortgaged property collateral requirement to 90 percent from 85 percent of its proved reserves. The amendment also allows the...
To legalize marijuana nationwide, start by taking it off this international list, says cannabis industry expert David Dinenberg.
John R. Shrewsberry, Wells Fargo CFO and CNBC Global CFO Council member, discusses the bank's recent earnings releases, as well as the regulators' rejection of its living will plans.
Fannie Mae and Freddie Mac are now launching a principal reduction program, reports CNBC's Diana Olick.
MEXICO CITY, April 13- Mexico's finance ministry announced on Wednesday a series of measures to improve national oil company Pemex's ailing finances, giving it a 73.5 billion peso liquidity boost. That includes a capital injection of 26.5 billion pesos and a credit facility for a further 47 billion pesos to pay down pension costs this year.
MEXICO CITY, April 13- Mexico's government announced on Wednesday a series of measures to improve national oil company Pemex's ailing finances, giving it a 73.5 billion peso liquidity boost. That includes a capital injection of 26.5 billion pesos and a credit facility for a further 47 billion pesos to pay down pension costs this year. Mexico's oil output has...
Stephen Sheinbaum, Bizfi founder, discusses innovation and disruptions in the lending and banking industry, from the LendIt conference.
Anton Schutz, Mendon Capital Advisors President & CIO, talks about whether it's time to buy the banks ahead of big earnings releases this week, and he gives his picks in the sector.
Developing countries demand more lending from the World Bank amid the strong economic headwinds.
SAO PAULO, April 11- BM&FBovespa SA is currently arranging loan financing for the acquisition of rival Cetip SA Mercados Organizados, a deal that could cost Brazil's largest financial exchange up to 12.9 billion reais, mostly in cash. BM&FBovespa Chief Executive Officer Edemir Pinto said on Monday the deal will create "billions of reais" in cost savings in back...
David Benamou, managing partner at Axiom Alternative Investments, says clearing up the non-performing loan situation in Italy’s banking sector is one of the key tasks for its government.
Tony Crescenzi, Pimco Market Strategist, talks about the banking sector and central banks in the light of Jamie Dimon's letter to shareholders.
April 6- Sprint Corp, the No. 4 U.S. wireless carrier, said it would raise $2.2 billion in cash through a deal for the sale and lease-back of certain network assets. As of Dec. 31, Sprint had total liquidity of $6 billion with an additional $600 million of availability under vendor financing agreements. The company's total liabilities stood at $59.22 billion, while...
Despite concerns about the safety of U.S. banks, they're the strongest they've been in decades, storied bank analyst Richard Bove said.
Valeant's U.S.-listed shares were up 16 percent at $30.27 in premarket trading. The drugmaker said on Tuesday it was on schedule to file its annual report on or before April 29 and that it would be in compliance with all financial covenants in its credit facility at the end of each affected quarterly period. The company said last week it had asked its lenders for...
Sam Khater, CoreLogic economist, provides insight to the growing trend among some customers to tap into the equity in their homes for cash. And Ed Lazear, Hoover Institution, weighs in.