IPO News
New Issue-Equitable Resources sells $500 mln 10-yr sr notes
Banc of America Securities, Citigroup Global Markets, J.P. Morgan and Lehman Brothers were the joint lead managers for the sale. BORROWER: EQUITABLE RESOURCES INC AMT $500 MLN COUPON 6.50 PCT MATU...
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Carlyle Capital in default, on brink of collapse
It stressed that Carlyle Capital Corp (CCC) was a separate legal and business entity, and that it believed CCC would not have a measurable impact on Carlyle's other funds, investments and portfolio co...
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Treasury to study House mortgage plan
Frank, the Massachusetts Democrat who chairs the House Financial Services Committee, said on Thursday his new bill would allow the Federal Housing Administration to "insure and guarantee refinanced mo...
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Mining firms innovate to cope with shortages
LONDON (Reuters) - Global mining firms are unearthing ingenious solutions to grapple with shortages of workers and equipment amid the commodities boom, recruiting retired miners and buying cut-rate eq...
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FFCB to sell $1.25 bln 2.25-yr designated bond Friday
NEW YORK, March 13 (Reuters) - The Federal Farm Credit Banks Funding Corp said on Thursday it will sell $1.25 billion of new 2.25-year designated bonds on Friday.
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New rich may help world economy resist recession
LONDON (Reuters) - Wealthier populations in emerging markets have long been seen as an engine of growth and, aided by more mature banking systems and greater access to credit, they may help shield the world economy from recession.

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Business gives warm response to Budget
LONDON (Reuters) - Business leaders breathed a sigh of relief after Chancellor Alistair Darling's first Budget revealed a toning-down of recent proposals thought to be harmful to Britain's status as a major financial centre.

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Japan Inc's record earnings streak in jeopardy
TOKYO (Reuters) - A five-year run of record profits might come to an end for Japanese companies in the next business year, snuffed out by a slowing U.S. economy, soaring raw materials costs and a stronger yen.

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COLUMN-U.S. economy and banking locked in vicious cycle
LONDON (Reuters) - Should we be more worried about the new crisis coming to a head in the financial system or that the United States is self-evidently in recession? Sadly, we don't have to choose.

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World central banks unite to ease credit strain
WASHINGTON (Reuters) - The U.S. Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans.

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Wall Street relishes Spitzer's fall from grace
NEW YORK (Reuters) - For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street.

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  • UPDATE 1-Private equity firm Apollo Global files for IPO

    NEW YORK, April 9 (Reuters) - Shareholders of Apollo Global Management, the buyout firm run by Leon Black, plan to sell 29.8 million shares in an initial public offering, following a 42-percent dec...

  • Thinking the unthinkable: what if it's not that bad

    LONDON (Reuters) - Maybe, just maybe, the financial world is not about to implode.