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By Aaron Elstein
March 4, 2009
(Crain’s New York Business)—Twenty-three years ago, Midland Insurance failed, sunk by billions worth of claims from...
By Jeff Casale
March 4, 2009
(Business Insurance)—Hartford Financial Services Group is in talks to sell most of its life insurance unit to Canada’s Sun Life Financial,...
By Aaron Elstein
March 3, 2009
(Crain’s)—A big British pension-fund adviser and manager is coming to shake things up at some large U.S. banks....
By Neil Roland
February 24, 2009
Northern Trust bank in Chicago should return millions of dollars it spent sponsoring a professional golf tournament last week at the same time it was receiving $1.5 billion in federal bailout money,...
By Matthew Quinn
February 24, 2009
Nearly $900 billion in U.S. corporate bonds were downgraded in 2008, representing 24% of the total U.S. bond market, according to Fitch Ratings....
By Matthew Flamm
February 12, 2009
(HCA to tap revived high-yield market
By Matthew Quinn
February 11, 2009
Hospital operator HCA, which was taken private for $33 billion in 2006, is taking advantage of a suddenly revived market for new high-yield debt, announcing today that it will issue $300 million in...
By John Goff
February 11, 2009
Maybe there is some hope for the IPO market afterall....
By Matthew Quinn
February 10, 2009
Freescale Semiconductors made another move to stabilize its liquidity, this time asking its lenders for a loan of up to $1 billion....
By Matthew Quinn
February 5, 2009
Non-financial companies could easily retire more debt than they issue this year, a phenomenon not seen since 2002 and 1992, according to Barclays Capital....
By Tim Catts
February 4, 2009
Economic malaise and tight credit put a crimp in big-ticket mergers and acquisitions last year. Smaller deals fared a bit better, but suffered a big decline, too. Expect more of the same in 2009 in...
By Matthew Quinn
February 4, 2009
Cessna plane manufacturer Textron today announced it drew down the balance of its $3 billion bank credit lines to pay off its outstanding commercial paper as it works to shrink its finance subsidiary....
By Matthew Quinn
February 3, 2009
Harley-Davidson was able to find two investors, including Warren Buffett, to purchase $600 million in debt to shore up its financing unit, but at a very steep price....
By John Goff
February 3, 2009
The tough times continue at Motorola....
By John Goff
January 23, 2009
Pfizer is reportedly in talks to acquire rival Wyeth. The potential blockbuster acquisition, according to The Wall Street Journal, would be valued at around $60 billion....
By Matthew Quinn
January 22, 2009
Freescale Semiconductor announced it drew down its quickly dissipating $750 million revolving credit facility by $184 million. The move comes a little over a month after the company chose to exercise ...
January 20, 2009
(Reuters)—Italy’s Fiat took a 35% stake in Chrysler, launching a venture designed to secure the beleaguered U.S. carmaker’s future, as France asked its...
By Luca Ciferri
January 19, 2009
(Automotive News)—Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S....
January 18, 2009
(Reuters)—The world economic crisis has increased chances the United States will erect new barriers to trade but broad tariff increases, like those often ...
January 17, 2009
(Reuters)—Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as...
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