FairPoint says it hopes to restructure debt but still may have to file for Chapter 11September 30th, 2009 FairPoint in talks with lendersCHARLOTTE, N.C. — Troubled phone company FairPoint Communications Inc.
Federal regulators seek better ways to spot leaks in buried pipes at all US nuclear plantsSeptember 8th, 2009 NRC seeks better leak detection at US nuke plantsATLANTIC CITY, N.J. — Federal regulators say they're looking for better ways to detect leaks from buried pipes at nuclear power plants.
Constellation Energy repays $500M, 6.125 pct bond without refinancingSeptember 2nd, 2009 Constellation Energy repays $500M, 6.125 pct bondBALTIMORE — Constellation Energy Group Inc. on Wednesday said it repaid a $500 million, 6.125 fixed-rate bond without refinancing, as part of its plan to improve liquidity and strengthen its balance sheet.
Moody's raises rating outlook on Advance Auto Parts, affirms debt ratingsJuly 30th, 2009 Moody's lifts rating outlook on Advance Auto PartsNEW YORK — Moody's Investors Service said Thursday it raised its rating outlook on auto parts retailer Advance Auto Parts Inc. to positive from stable and affirmed its debt and liquidity ratings for the company.
CIT's stock jumps as lender seeks to secure financing, stay out of bankruptcyJuly 17th, 2009 CIT shares jump as lender seeks rescue financingNEW YORK — CIT Group Inc.'s shares nearly doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy filing. But the company's stock remains well below $1 — and down 54 percent from only a week ago — suggesting investors still rate its prospects of survival as slim after the federal government refused to rescue the firm.
Treasurys slip, driving yields slightly higher, as investors flood stocks ahead of earningsJuly 13th, 2009 Treasurys slip as investors flood into stocksNEW YORK — Treasurys retreated Monday, driving yields slightly higher, as investors abandoned the safety of government debt and flooded into stocks. Investors had a bigger appetite for risk ahead of key earnings reports this week from big name companies including Goldman Sachs Group Inc., Johnson & Johnson and General Electric Co.
CIT Group shares tumble as it talks with regulators on ways to improve its near-term liquidityJuly 13th, 2009 CIT Group in talks with regulators, shares tumbleCHARLOTTE, N.C. — Shares of diversified lender CIT Group Inc.
Stocks modestly higher ahead of earnings rush; financials get lift from analyst upgradeJuly 13th, 2009 Stocks rise modestly ahead of busy earnings weekNEW YORK — Stocks traded modestly higher Monday morning as investors were cautiously optimistic ahead of earnings reports this week, including key readings from the banking sector. Investors had been cautious as they prepare for earnings reports this week, including from some of the nation's largest financial firms.
US, Russian leaders say they will intensify talks on their dispute over missile defensesJuly 6th, 2009 US and Russia set further talks on missile defenseMOSCOW — President Barack Obama and Russian President Dmitry Medvedev (dih-MEE'-tree med-VYEH'-dyev) are announcing a further review of possible ways to cooperate on missile defense. After talks in Moscow the two leaders issued a joint statement that indicated no breakthrough in one of the most divisive issues they face.
Nebraska regulators order Omaha investment manager to quit violating law with improper feesJuly 6th, 2009 State regulators target Omaha investment adviserOMAHA, Neb. — Nebraska regulators have ordered an Omaha investment adviser to quit violating state securities laws and appear at a hearing to defend his practices.
Obama, planning July visit to Moscow, says US relations with Russia can improveMay 8th, 2009 Obama: US relations with Russia can improveWASHINGTON — President Barack Obama says he thinks the United States and Russia can improve their relationship concerning nuclear weapons and several other issues. Obama met at the White House Thursday with Russian Foreign Minister Sergey Lavrov.
Bernanke calls for holistic approach to banking oversight to prevent future financial crisesMay 8th, 2009 Bernanke calls for revamped banking oversightWASHINGTON — Federal Reserve Chairman Ben Bernanke on Thursday called for a holistic approach to strengthening oversight of the banking system and said information gleaned from big bank "stress tests" should pave the way for improvements on that front. Regulators must not only sharpen their assessments of individuals banks, but also examine the financial system as a whole to detect risks that could endanger the normal flow of credit, market operations and commerce — critical elements to the smooth functioning of the U.S.
Huiyuan, Coca-Cola don't comment directly on reports of renewed talks for minority stake saleApril 24th, 2009 Reports: Huiyuan, Coca-Cola renew talksMILWAUKEE — Chinese fruit juice maker Huiyuan Juice Group and Coca-Cola Corp. both declined to comment directly Friday on reports they were in renewed talks, this time for Coca-Cola to buy a minority stake in the company.
Liquidity, smooth government borrowing to be ensured: RBIFebruary 5th, 2009 MUMBAI - Reserve Bank of India (RBI) Governor D. Subbarao Friday said he will ensure enough liquidity in the financial system and manage the government's borrowing programme in the 'least disruptive' manner.
US Fed has other tools beside rate cuts: BernankeJanuary 13th, 2009 LONDON - US Federal Reserve Chairman Ben Bernanke Tuesday said the bank has other powerful tools to fight the economic downturn besides short-term liquidity to financial institutions. He said the first set of tools that are closely tied to the central bank's traditional role as lender involve the provision of short-term liquidity to sound financial institutions.
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