BANKRUPTCY WEEK AHEAD:Extended Stay Seeks Bankruptcy Exit Approval
16th Jul 2010 17:12
By Marie Beaudette Of DOW JONES DAILY BANKRUPTCY REVIEW On Tuesday, hotel operator Extended Stay Inc. will ask the Manhattan bankruptcy court in New York to sign off on its Chapter 11 restructuring plan, which is based on an investment deal with Centerbridge Partners LP, Paulson & Co. and ot
Read moreInaer Aviation Prices EUR470M Bond At 98.745, To Yield 9.75%
16th Jul 2010 17:08
LONDON (Dow Jones)--Spain-based helicopter services company Inaer Aviation Group has priced its EUR470 million, 2017-dated high-yield bond through bookrunners JP Morgan Chase & Co., Barclays PLC, BNP Paribas SA, private equity firm Kohlberg Kravis Roberts & Co. and Santander, one of the banks said F
Read moreFTSE 100 movers: BP rise tempers overall decline
16th Jul 2010 15:00
Footsie remains lower despite good news from BP. BP appears to have 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 ni
Read moreUS Judge Bars Truvo Creditors From Going After European Assets
15th Jul 2010 22:10
By Patrick Fitzgerald Of DOW JONES DAILY BANKRUPTCY REVIEW A U.S. bankruptcy judge overseeing Truvo Group's restructuring issued a preliminary injunction barring would-be dissident creditors from scuttling the European directory publisher's reorganization bid. Judge Arthur J. Gonzalez sig
Read moreForeign Banks Tap US Investor Appetite for Covered Bonds
15th Jul 2010 21:58
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Bank of Nova Scotia (BNS, BNS.T) sold $2.5 billion of covered bonds Thursday, pushing issuance of that kind of mortgage security to a record high as foreign banks step up to satisfy U.S. investors starved of a supply of traditi
Read morePandit Needs Citi's Rebuilt Engine To Start Driving Profits
15th Jul 2010 20:14
By Matthias Rieker Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--On Friday, Citigroup Inc.'s (C) second-quarter results will show whether the bank is really turning a corner. Chief Executive Vikram Pandit is surely aware that Citi will have to demonstrate that the engine he reassembled fr
Read moreUK Banks Defend Lending At Treasury Summit Thursday
15th Jul 2010 19:04
By Margot Patrick, Laurence Norman and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bosses of the U.K.'s biggest banks Thursday pushed back against government claims they aren't doing their part to grow the economy by lending more to small businesses, at a meeting held between
Read moreFTSE 100 movers: Miners and financials head lower
15th Jul 2010 16:17
Footsie is heading lower as miners and financials fall back. Metals prices are recovering but ENRC, Rio Tinto, Xstrata and Kazakhmys are all lower. Barclays leads the fallers. There is also profit taking in ARM after yesterday's rise. Global information services company Experian is higher af
Read moreProgram Trading, Volume Down On NYSE On Holiday-Shortened Week
15th Jul 2010 15:42
DOW JONES NEWSWIRES Program trading declined last week on NYSE Euronext (NYX) during a shortened week due to the Fourth of July holiday weekend, while volume also dropped. Daily program trading volume average was 717.9 million, or 29.7%, of the average total of 2.41 billion shares changing
Read moreBarclays Wealth Hires Drews To Manage Ultra High Net Worth Clients
14th Jul 2010 17:02
DOW JONES NEWSWIRES Barclays Wealth, the wealth-management unit of Barclays PLC (BCS, BARC.LN), announced Wednesday it appointed Stefanie Drews to manage its ultra high net worth client group for the U.K. and Europe, the Middle East, and Africa regions. Drews joins the company from Morgan S
Read morePRESS RELEASE: BARCLAYS WEALTH HIRES HEAD OF ULTRA HIGH NET WORTH, UK & EMEA
14th Jul 2010 16:33
14 JULY 2010 BARCLAYS WEALTH HIRES HEAD OF ULTRA HIGH NET WORTH, UK & EMEA Barclays Wealth, a leading global wealth manager, today announced the appointment of Stefanie Drews as Managing Director, Head of Ultra High Net Worth, UK & EMEA. Stefanie will be responsible for continuing the build
Read moreSouth Africa's Naspers Hires Banks For Dlr Bond, Roadshow
14th Jul 2010 10:30
LONDON (Dow Jones)--South African-based diversified media company and pay-TV provider, Naspers Ltd. (NPN.JO), has hired Barclays PLC, Citigroup, and JP Morgan Chase & Co as joint bookrunners for a dollar-denominated bond issue, one of the banks said Wednesday. Naspers plans to meet bond investor
Read moreDeutsche Bank Hires Joshi From Barclays To Head EMEA Equities
14th Jul 2010 08:51
LONDON (Dow Jones)--Deutsche Bank AG (DB) has hired Dixit Joshi from Barclays PLC (BCS) to head its equities business in Europe, the Middle East and Africa, in a setback for Barclays Capital's efforts to build out its stock business globally. Joshi had been head of equities for EMEA at Barclays,
Read moreADR REPORT: Shares Climb On Strong Start To Earnings Season
13th Jul 2010 21:28
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended broadly higher Tuesday after better-than-expected earnings from early bellwethers boosted sentiment. Upbeat quarterly results from aluminium giant Alcoa Inc. (AA) and railroad o
Read moreTruvo, Backers Seek Injunction Against 'Dissident' Creditors
13th Jul 2010 18:42
By Patrick Fitzgerald Of DOW JONES DAILY BANKRUPTCY REVIEW A group of lenders backing Truvo Group's restructuring want a bankruptcy judge to bar a group of so-called dissident creditors from scuttling the European directory publisher's reorganization bid. In a filing Monday in Truvo's ba
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