Entries tagged "Debt markets"

Carl Icahn rips CIT board; offering $6B with his own plan

The activist investor accuses the troubled lender's board of driving the company into the ground.,

Blackstone betting big on a recovery

The buyout shop appears convinced the worst of the recession is behind private equity as it starts churning out exits from its portfolio companies.

Blodget: A CBS bankruptcy? Not yet

Blodget concludes that the multimedia giant is not in eminent danger of going bankrupt, as a report by Audit Integrity claims.

Can the Beatles save EMI from Citi?

Citigroup may be taking a hard line on working out a debt restructuring of Beatles' music label EMI Group.

Debt swap keeps Granite brewing

Casual-dining chain Granite City's $15 million debt-for-equity swap agreement with DHW Leasing left one analyst scratching his head.

LPs take a bath on PE investments

In spite of the huge boom in LBO profitability between 2004 and 2007, pension funds have little cash to show for the money they've put into private equity this decade, says a new report.

J.P. Morgan bails out California with $1.5B loan

The bank will lend the Golden State $1.5 billion to begin redeeming IOUs a month early.

CIT's CDS spreads still sky-high

CIT may have breathing room to get its house in order, but it will have to show a plan for long-term survival before its credit default swap spreads start to ease.

Commercial real estate woes garner TALF extension

With things getting ugly in commercial real estate, the Fed opts to add six months to the $1 trillion TALF program.

Quadrangle gives up on Maxim

The private equity firm has reportedly given up control of the magazine to creditors led by Cerberus Capital.

Markets brace for CIT fallout

Customers draw down the credit lines, bondholders discuss debt for equity, and others head for Treasuries as the run on CIT continues.

If CIT is toast, could GE Capital be next?

As CIT teeters on the edge, investors increasingly worry about embedded losses at GE Capital.

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