PRESS 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.
Read moreLehman Pays Lawyers, Advisers $805.3 Million Through May
24th Jun 2010 19:36
By Peg Brickley Of DOW JONES DAILY BANKRUPTCY REVIEW The month of May added another $39.2 million to the professional fee bills rung up in U.S. bankruptcy court by collapsed investment bank Lehman Brothers Holdings Inc. (LEHMQ), bringing the total paid to lawyers and advisers working on the
Read moreAbitibiBowater Seeks To Pay Fees To Line Up $2.3B In Capital
24th Jun 2010 19:06
By Eric Morath Of DOW JONES DAILY BANKRUPTCY REVIEW AbitibiBowater Inc. (ABWTQ) is seeking to pay fees to banks that will assist it in lining up more than $2.3 billion in capital that the newsprint maker says is necessary for it to emerge from Chapter 11 protection. In papers filed Wedne
Read moreEXTRA CREDIT: SEC Rule Change Makes Putables More Popular
24th Jun 2010 18:44
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. Nearly $15 billion of step-up putables--loans that m
Read moreAgency Mortgage Bonds At 15-Year High As A Safe-Haven Buy
23rd Jun 2010 22:19
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mortgage securities issued by government agencies--Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae--climbed to 15-year highs Wednesday as investors sought investments that are as safe as Treasurys but offer better returns.
Read moreADR Report: Shares Close Mostly Flat On Cautious Outlook
23rd Jun 2010 22:11
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended close to flat Wednesday, following a fitful session during which the U.S. Federal Reserve kept interest rates low and took a cautious stance on the economic outlook. The Bank
Read moreBarclays Pres: Collins Plan Could Cut Credit Availability By $1.5 Tln
23rd Jun 2010 19:00
By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A proposal that would prevent banks from counting trust preferred and other hybrid securities as Tier One capital could cut their ability to extend credit to customers by as much as $1.5 trillion, Barclays PLC (BCS, BARC.L
Read morePRESS RELEASE: Moody's Investors Service Has Assigned The Rating Of Aa2/Vmig 1 To The Barclays Capital Inc. (MUNI. DERIV.) Floating Rate Trust Receipts, Series 2010-63B
23rd Jun 2010 18:43
The following is a press release from Moody's Investors Service: NEW YORK, June 23, 2010 -- Moody's Investors Service has assigned the rating of Aa2/VMIG 1 to the Barclays Capital Inc. (Muni. Deriv.) Floating Rate Trust Receipts, Series 2010-63B. The long-term portion of the rating on the trust ce
Read moreUPDATE: Cost Of Insuring Greek Highest Level Since May 7-CMA
23rd Jun 2010 15:49
(Updates prices, adds comment, background.) By Art Patnaude and Michael Wilson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The cost of insuring Greek sovereign debt rose sharply Wednesday amid low levels of liquidity and widening in the country's government bond spread. Greece's fiv
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