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By Matthew Flamm
March 4, 2009
(Crain’s New York Business)—CBS Corp....
By Matthew Quinn
February 26, 2009
The deepening recession has companies scrambling to slash spending, with new data showing job cuts accelerating and deeper reductions in capital expenditures....
By Matthew Quinn
February 25, 2009
Visteon Corp. warned today it might trip its debt covenants and said it is considering disposing of “substantial” assets to address liquidity needs....
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 Neil Roland
February 24, 2009
The Federal Reserve forecast an inflation rate of less than 1% this year and less than 1.7% for 2010 and 2011, sparking debate about whether Chairman Ben Bernanke is doing enough to prevent a...
By Ronald Fink
February 23, 2009
Citigroup’s widely reported proposal to have the Treasury convert its preferred shares in the bank to common equity would bring its capital well over the threshold that some analysts believe the...
By Matthew Quinn
February 18, 2009
In its first monthly report outlining the lending activities of banks receiving federal money, the Treasury Department found that lending to corporations among the top 20 recipients of funds fell—if...
By Matthew Quinn
February 17, 2009
Delinquencies on commercial mortgage-backed securities could roughly triple this year from the end of 2008, according to new reports from Fitch Ratings and Standard & Poor’s....
By Tim Catts
February 13, 2009
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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 Tim Catts
February 9, 2009
Initial public offerings have been scarce in recent months, but that may change this week. Four companies are planning IPOs, potentially ending a drought that began last summer and has seen only one...
By Neil Roland
February 6, 2009
The Treasury Department under Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions, forgoing voting rights and board seats – in contrast to the more activist...
By Mark A. Hoffman
February 6, 2009
Declines in insurance premiums affected all lines, according to electronic exchange...
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 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 Tim Catts
February 2, 2009
Tech CFOs, growing increasingly pessimistic about their industry’s prospects in 2009, are fretting over risk management and access to capital as the global recession deepens, according to a...
By Matthew Quinn
January 29, 2009
Total commercial paper outstanding dropped by nearly $100 billion for the week ended Jan. 28—the biggest one week fall ever—as financial institutions increasingly looked toward longer-dated debt to...
By Matthew Quinn
January 28, 2009
For a fifth straight month, the Equipment Leasing and Finance Association’s (ELFA) monthly leasing financing index contracted as businesses cut back on capital expenditure spending....
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