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Demand growing for convertibles even as costs rise - Reuters UKLONDON (Reuters) - The cost of convertible bonds has gone up as overall risk premiums have risen but bankers expect issue volume to rise in the coming months as they remain a popular source of funding. Convertibles attract investors because they ...
UPDATE 1-Australia's Centro posts $1.8 billion year loss - ReutersMELBOURNE, Aug 29 (Reuters) - Centro Properties Group (CNP.AX: Quote , Profile , Research , Stock Buzz ), an Australian victim of the subprime crisis that is struggling to restructure, reported a A$2.06 billion ($1.8 billion) full-year loss on Friday ...
Australia's Centro Posts $1.8 billion Year Loss - CNBCCentro, which owns about 670 U.S. shopping malls, had posted a profit of A$470 million in the previous year. Centro ran into trouble earlier this year when it was unable to refinance short-term debt as world credit markets seized up.
2008 Election - OregonianHeather Courtney and David Manzo (right), of San Jose, get prepared for a long day of selling their "Barack-in-the-box" toys on the 16th Street Mall outside the Pepsi Center. DENVER -- I'm stuck outside the Convention Center, waiting for those oh-so ...
Stocks decline after huge rally - Eagle-TribuneNEW YORK (AP) — Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones industrial ...
Subprime Still Dominates Markets, Banking - CNBC[ C Loading... ( ) ] earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted ...
More Business - San Francisco GateSharif's party: No legal immunity for Musharraf 08.16.08 Wachovia to buy back auction-rate securities 08.16.08 U.S. Olympic officials seek corporate sponsors 08.16.08 There are ways to get more vacation time 08.16.08 Under the new program, six of the ...
Fed, Morgan report ease market fears in early trading - Sioux City JournalNEW YORK (AP) -- Stocks wavered Wednesday as investors paused a day after the market's huge rally and digested better-than-expected results at Morgan Stanley that eased concerns about the investment banking sector. News that the government plans to ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
Organizing a Big Bank Bailout - US News and World ReportWhen Lehman Brothers revealed September 18 that subprime-related troubles would lead to a $700 million write-down of its earnings, the market sent its stock soaring some 10 percent. It was a classic case of "bad news is really good news." Investors ...