Hertz Prices EUR400M 8.5% 2015 Bond At 99.477
25th Jun 2010 15:50
LONDON (Dow Jones)--Hertz Holdings Netherlands BV, part of car rental firm The Hertz Corporation (HTZ), has priced its EUR400 million, 2015 bond, one of the banks running the sale said Friday. Barclays Capital PLC and JPMorgan Chase & Co were lead managers on the deal. Terms are as follows:
Read morePRESS RELEASE: Equities Offer Value as Recovery Continues, Barclays Capital Says
25th Jun 2010 15:21
"Global Outlook" research forecast maintains a positive near-term view while cautioning on medium-term obstacles to a bull market NEW YORK--(BUSINESS WIRE)--June 25, 2010-- Barclays Capital today said in its latest flagship quarterly research publication, Global Outlook: Rebound, But No Raging B
Read moreEx-Barclays Credit Strategist McAdie To Join BNP Paribas
25th Jun 2010 14:43
LONDON (Dow Jones)--Robert McAdie, formerly Global Head of Credit Strategy at Barclays Capital, will join BNP Paribas SA (BNP.FR) in August, the French bank said Friday. McAdie will take the newly-created role of Global Head of Credit Research and Strategy. He will be based in London and report
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreEXTRA CREDIT: SEC Rule Change Makes Putables More Popular
25th Jun 2010 12:35
(This article was originally published Thursday.) By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--A recent rule change by the Securities and Exchange Commission has led to the resurgence of a debt instrument called step-up certificates of deposit, or putables.
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreMARKET TALK: Basel Adjustments Particularly Good For UK Banks
25th Jun 2010 10:51
0951 GMT [Dow Jones] Reports of adjustments to Basel III proposals would be particularly positive for UK banks, says Deutsche Bank. Notes reports that the Bank for International Settlements could be dropping its proposals for the net stable funding ratio at the G20 meeting, and that pension deficit
Read moreMARKET TALK: UK Bank Stocks Rise; Basel III In Focus
25th Jun 2010 09:16
0816 GMT [Dow Jones] Bank stocks lead the gains in London as speculation rises that the Basel Committee will present a modified version of Basel III at the G20 meeting, this weekend. Traders note reports that the document is likely to present watered down proposals. Commenting on the speculation, E
Read morePRESS RELEASE: Moody's Affirms The P-1 Rating Of The City Of Los Angeles Wastewater System Commercial Paper Revenue Notes, Series A, B, & C.
25th Jun 2010 02:42
The following is a press release from Moody's Investors Service: NEW YORK, June 24, 2010 -- Moody's Investors Service has affirmed the P-1 rating on the $400 million City of Los Angeles Wastewater System Commercial Paper Revenue Notes, Series A, B & C (the Notes) in connection with the issuance of
Read morePRESS RELEASE: Moody's Affirms The P-1 Rating Of -2-
25th Jun 2010 02:42
is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. Under no circumstances shall MOODY'S have any
Read moreFirst Solar Looks Past Success To Even Brighter Future
24th Jun 2010 22:51
By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--First Solar Inc. (FSLR) is the world's largest solar-panel maker. Now, it wants to compete with fossil-fuel power generators. In addition to making flat, glass panels that convert sunlight into electricity, First Solar
Read moreUPDATE: Mortgage Rates Fall To A Record Low, May Be Headed Lower
24th Jun 2010 22:33
(Updates to swap out comment from Scott Wede; adds context). By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mortgages rates last week fell to their lowest point in at least four decades, and market forces are pushing them even lower. The average rate on 30-year fixe
Read moreProgram Trading Rose Last Week On NYSE; Volume Declined
24th Jun 2010 22:26
DOW JONES NEWSWIRES Program trading grew last week on the NYSE Euronext's (NYX) New York Stock Exchange, while total volume slid. The daily program trading volume average was 912.6 million, or 34.3% of the average total of 2.66 billion. Those figures were up from 778.7 million, or 26.9% of
Read moreMortgage Rates Fall To A Record Low, And May Be Headed Lower
24th Jun 2010 22:03
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mortgages rates last week fell to their lowest point in at least four decades, and market forces are pushing them even lower. The average rate on 30-year fixed-rate mortgages dropped to 4.69% in the week ending Thursday, do
Read moreADR REPORT: Shares Fall As Miners, European Banks Weigh
24th Jun 2010 21:52
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York dropped Thursday as worries about European debt problems and uncertainty about a regime change in Australia weighed on shares. The Bank of New York index of ADRs declined 1.8% to 117.
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