LBO Debt Tumbles Revealing ‘Leveraged Fantasy’: Credit Markets
May 21 (Bloomberg) — First Data Corp. and Energy Future Holdings Corp. , among the biggest leveraged buyouts in history, are leading junk bonds to their worst performance since 2008 as the sovereign debt crisis sweeping Europe makes it harder for the neediest borrowers to refinance.
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World markets roiled by US, Europe worries
Stock markets around the world dived yesterday as investors worried anew that the debt crisis in Europe could derail a global economic recovery.
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Jobless rates drop in 34 states and D.C.
The Labor Department said Friday that 34 states and the District of Columbia reported lower jobless rates in April than in March. Six states reported higher rates, while 10 saw unemployment hold steady.
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Tranzyme Pharma to present data on prokinetic agent TZP-101 in GI recovery at ASCRS 2010
Tranzyme Pharma today announced that Philippa Charlton, MD, Tranzyme’s Medical Director, and her colleagues G. Bochicchio, J.C. Pezullo, G. Kosutic, and A. Senagore, will present a poster entitled “The Prokinetic Agent TZP-101 (a Ghrelin Agonist) Accelerates GI Recovery in Partial Colectomy [...]
U.S. Stock Futures Maintain Gains on Housing Starts, Prices Data
U.S. stock-index futures maintained gains after housing starts rose to the highest level since 2008 and producer prices unexpectedly declined, adding to evidence the economic recovery is not stoking inflation.
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Sears profit tumbles as sales weaken
Sears Holdings Corp’s quarterly profit plunged 38 percent as sales lost momentum late in the quarter and higher costs and markdowns weighed on margins, pushing its shares down 7.3 percent.
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Forrester Research and Nolio Host Webinar to Help Conquer Application Release Complexity
Free Webinar Features Special Guest From Forrester Research, Inc. to Share Best Practices for Thriving Amidst Exploding Complexity in the Data Center
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Vision Solutions to Host Exclusive IBM POWER7 Event
IRVINE, CA–(Marketwire – 05/19/10) – Vision Solutions, today’s leading high availability and disaster recovery solutions provider in the IBM Power Systems markets (NYSE: IBM – News ), announced they will host a milestone meeting in Russia in conjunction with AIX User Group Russia and Vision Solutions User Group [...]
Oil rises above $71 after 2-week sell-off
Oil prices rose above $71 a barrel Tuesday in Asia, bouncing back after fears a European debt crisis could halt a global economic recovery sparked a 20 percent sell-off over two weeks.
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(AFX UK Focus) 2010-05-17 01:10 Japan March core machinery orders +5.4 pct mth/mth
TOKYO, May 17 (Reuters) – Japan’s core machinery orders rose 5.4 percent in March from the previous month, government data showed, up for the first time in three months in a sign capital spending may be picking up on the back of an [...]