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Listed loan vehicles see red all around

Posted on March 3, 2009 9:35 AM
Business development company Allied Capital Corp. reported a massive quarterly net loss Monday and said its auditors had called into doubt the company's ability to continue as a going concern.

Allied said it had named John Scheurer, a longtime executive, to replace William Walton as CEO. Walton, who became CEO in 1997, will remain Allied's chairman.

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