UPDATE: Converteam To Mull Ownership Options Next Year-CEO
23rd Jul 2010 16:37
(Adds detail.) By Adam Mitchell Of DOW JONES NEWSWIRES PARIS (Dow Jones)--The chief executive of closely-held French power conversion engineering company Converteam will look again at the company's ownership structure next year, with a view to it changing as early as 2012, he told Dow
Read moreBANKRUPTCY WEEK AHEAD: AbitibiBowater Seeks To Poll Creditors On Plan
23rd Jul 2010 16:36
By Marie Beaudette Of DOW JONES DAILY BANKRUPTCY REVIEW AbitibiBowater Inc. (ABWTQ) will ask the Wilmington, Del., bankruptcy court next Friday for permission to send its bankruptcy-exit plan to creditors for a vote. AbitibiBowater's restructuring plan would pay lenders in full in cash a
Read moreINTERVIEW: Converteam To Mull Ownership Options Next Year-CEO
23rd Jul 2010 15:54
By Adam Mitchell Of DOW JONES NEWSWIRES PARIS (Dow Jones)--The chief executive of closely-held French power conversion engineering company Converteam will look again at the company's ownership structure next year, with a view to it changing as early as 2012, he told Dow Jones Newswires Frid
Read moreDSGI Prices GBP150 Million 8.75% 5-Year Bond At 99.007
23rd Jul 2010 10:59
LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) has priced its GBP150 million, five-year bond, a bank running the sale said Thursday. Barclays Capital, BNP Paribas SA, Citigroup Inc., HSBC Holdings and the Royal Bank of Scotland PLC were leading the deal, wh
Read moreMARKET TALK: Ten Out Of 91 Banks To Fail Stress Tests - Survey
23rd Jul 2010 09:10
0810 GMT [Dow Jones] Ten out of 91 institutions will not pass the European bank stress tests, according to a survey conducted by Goldman Sachs, which closed 24 hours before the 1600 GMT release of the results. Banks in Spain, Germany and Greece are expected to raise the most fresh capital. Meanwhile
Read moreBoskalis Completes USD 450M Inaugural US Private Placement
23rd Jul 2010 07:48
AMSTERDAM (Dow Jones)--Dutch Company Royal Boskalis (BOKA.AE) said Friday that it successfully closed an inaugural USD450 million US private placement notes program with 26 institutional investors in the United States and United Kingdom. MAIN FACTS: -The significantly oversubscribed progra
Read moreADR REPORT: Shares Close Higher On Strong Corporate Earnings
22nd Jul 2010 21:57
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Thursday, rebounding sharply as investors welcomed another strong set of corporate earnings, as well as euro-zone economic activity. The Bank of New York index of ADRs c
Read moreLehman Pays $846.9M To Bankruptcy Professionals Through June
22nd Jul 2010 19:35
By Patrick Fitzgerald Of DOW JONES DAILY BANKRUPTCY REVIEW The tab for unwinding investment bank Lehman Brothers Holdings Inc. (LEHMQ) in bankruptcy climbed to $846.9 million in June as the army of bankruptcy lawyers, consultants and financial advisers rung up another $41.6 million in fees.
Read moreJudge Approves New Bankruptcy Loan For General Growth >GGP
22nd Jul 2010 17:54
By Joseph Checkler Of DOW JONES DAILY BANKRUPTCY REVIEW NEW YORK (Dow Jones)--A judge Thursday approved General Growth Properties Inc.'s (GGP) request to replace its current bankruptcy loan with a new, more interest-friendly one from Barclays Bank PLC (BCS, BARC.LN). The Barclays financi
Read moreUS Bancorp Selling $1B In 5-Year Bonds 0.78 Point Over Treasurys
22nd Jul 2010 16:19
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S. Bancorp (USB) launched a $1 billion sale of five-year, fixed-rate debt securities Thursday with pricing set at 0.78 percentage point over comparable U.S. Treasurys. The launch price was inside guidance set in the area of 0.
Read morePRESS RELEASE: Correction To Headline And Text, -2-
22nd Jul 2010 15:36
or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of MOODY'S or any of its directors, officers, employees or agents in connection with the procureme
Read morePRESS RELEASE: Correction To Headline And Text, June 4, 2010 Release: Moody's Assigns P-1 Letter Of Credit Backed Rating To The City Of Houston (TX) Combined Utility System Commercial Paper Notes, Series B-4 & B-6
22nd Jul 2010 15:36
The following is a press release from Moody's Investors Service: $200 MILLION IN NOTES AFFECTED. LETTERS OF CREDIT PROVIDED BY BARCLAYS BANK PLC (FOR SERIES B-4) & CITIBANK, N.A. (FOR SERIES B-6) Houston (City of) TX Texas Moody's Rating Issue
Read moreGentiva Loan Pushed Back Amid Soft Demand, SEC Probe
22nd Jul 2010 12:37
(This article was originally published Wednesday.) By Katherine Greene Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--If Gentiva Health Services (GTIV) wants to secure the $600 million it needs to buy Odyssey Healthcare (ODSY), it may have to give lenders better terms or more money. T
Read moreDSGI To Close Books Early On GBP150 Million Five-Year Bond
22nd Jul 2010 11:25
LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) will close the order books on its expected GBP150 million, five-year bond at 1100 GMT, earlier than originally stated, one of the banks running the sale said Thursday. The issue, which is expected to launch and
Read moreUPDATE: Autonomy's Earnings Miss Views Sending Shares Lower
22nd Jul 2010 09:13
(Rewrites, adds analyst comment) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. software group Autonomy Corp. PLC (AU.LN) slightly missed expectations for second-quarter earnings Thursday and posted disappointing margins, sending its shares sharply lower on the Lond
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