PRESS RELEASE: Fitch Corrects Ratings of City of Houston, TX's Combined Utility Sys CP Notes, Series B-4 & B-5
20th Jul 2010 20:20
The following is a press release from Fitch Ratings: Fitch Ratings-New York-20 July 2010: Fitch Ratings corrects the ratings assigned on June 8, 2010 to the City of Houston, Texas' combined utility system commercial paper notes, series B-4 and B-5. The rating assigned to the $100,000,000 series
Read moreUS Banks Pay Bulk Of GBP2.5B UK Bonus Tax, Hitting Earnings
20th Jul 2010 18:20
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.S. banks have paid the bulk of the U.K.'s GBP2.5 billion ($3.8 billion) bonus tax that was designed to curb excessive pay, hitting their second-quarter earnings while creating a windfall for the U.K.'s new government. Accordi
Read moreEU Clears Germany's SAP To Buy U.S. Software Vendor Sybase
20th Jul 2010 17:00
BRUSSELS (Dow Jones)--The European Commission Tuesday cleared German business software company SAP (SAP) to buy U.S. software vendor Sybase (SY). The deal is SAP's largest since its 2007 $6.8 billion buy of Business Objects SA. It comes as the company attempts to keep pace with competitor Oracle
Read moreFinancing Offered For NBTY Bid To Compete With Carlyle-NY Post
20th Jul 2010 13:32
DOW JONES NEWSWIRES Wall Street lenders are willing to fund a bid to compete with Carlyle Group's $3.5 billion offer for NBTY Inc. (NTY), although whether bidders are still interested in the vitamin and nutritional-supplement maker is in question, the New York Post reported Tuesday on its webs
Read moreIDBI Bank Plans To Meet USD Bond Investors In July 26 Week - Sources
20th Jul 2010 12:41
MUMBAI (Dow Jones)--India's IDBI Bank (500116.BY) plans to meet potential investors in its U.S. dollar denominated bond program next week, three bankers involved in the matter said Tuesday, amid speculation that the bank may soon launch an issue. IDBI will hold a series of meetings with investor
Read moreBarclays Offer For Tricorona Wholly Unconditional >BARC.LN
20th Jul 2010 07:27
LONDON (Dow Jones)--U.K. bank Barclays PLC (BARC.LN) said Tuesday that all conditions to the offer for Tricorona AB (TRIC.SK) have now been satisfied or waived and accordingly, the offer is declared unconditional in all respects. MAIN FACTS: -On June 2 Barclays announced a recommended cash o
Read moreBarclays Plc Offer For Tricorona Unconditional In All Respects
20th Jul 2010 07:00
TIDMBARC RNS Number : 5855P Barclays PLC 20 July 2010 ? 20 July 2010 Barclays PLC announces offer for Tricorona unconditional in all respects On 2 June 2010, Barclays PLC ("Barclays") announced a recommended cash offer by its
Read moreUPDATE: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 17:12
(Adds detail, context) By Laurence Norman and Jonathan Buck Of DOW JONES NEWSWIRES FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday the new government is still weighing up new lending targets for the part-nationalized banks but said that it is only o
Read moreBarclays Backs New European Oil, Gas Development Company Tulip Oil
19th Jul 2010 16:46
LONDON (Dow Jones)--U.K. investment bank Barclays Capital, a subsidiary of Barlcays Bank PLC (BCS), Monday said it was backing two former senior executives at Royal Shell in a new oil and gas development company. Tulip Oil BV will focus on small, early-stage and expiring oil and gas prospects in
Read moreFiat Agrees EUR4B Loan Terms, Two Banks Still To Commit-Source
19th Jul 2010 12:48
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Fiat SpA (F.MI) has agreed terms to its EUR4 billion loan financing with a group of eight banks, a prerequisite to the company's demerger plans, with two of the banks still to receive internal approval to commit to the deal, said one p
Read moreMARKET TALK: Stress Tests May Be An Anti-Climax - BarCap
19th Jul 2010 07:56
0656 GMT [Dow Jones] Results of the much anticipated bank stress tests in Europe are due Friday and Barclays Capital says the outcome may be an anti-climax, with leaks likely over the next few days. "It is also quite likely that plans for recapitalisations will start to be made public in the coming
Read moreDebenhams Refinances Debt With New GBP650M Credit Facility
19th Jul 2010 07:29
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. department store chain Debenhams PLC (DEB.LN) said Monday it has completed its debt refinancing with a new GBP650 million credit facility, which was well received by investors. Debenhams said "demand for the facility wa
Read moreFiat Wraps Up EUR4B Refinancing Ahead Of Spinoff - Report
18th Jul 2010 13:21
ROME (Dow Jones)--Fiat SpA (F.MI) has agreed with eight banks to refinance EUR4 billion in loans, a measure that paves the way for the company's planned split into separate automobile and heavy-equipment companies, Il Sole 24 Ore reports, without citing sources. The fund will partly roll over ex
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read moreSector movers: BP lifts oil stocks
16th Jul 2010 17:54
BP lifted the oil sector after saying that it yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last night and will
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