Entries tagged "debt"

Reader's Digest near bankruptcy

Reader's Digest will miss a loan payment and plans to file Chapter 11.

Buffett downgrades holdings of Moody's

Warren Buffett slims down his holdings of Moody's to 17% in the wake of seven quarters of declining profits and intense scrutiny from the government.

TARP watchdog predicts shock and awe

Neil Barofsky is predicting a worst-case scenario of a $23.7 trillion bill if the government ends up having to make good on all its bailouts.

Gannett's earnings OK but massive debts loom

Gannett reported a profit of 30 cents per share, but its problems with credit default swaps seems insurmountable.

Taleb offers a universal solution to our ills

Nassim Nicholas Taleb with colleague Mark Spitznagel offer up what, in tone and substance, is now the classic style of punditry in the current crisis in Tuesday's Financial Times.

3i keeps its powder dry

After making no deals last quarter, 3i says it will continue 'to take a cautious approach to new investment.'

Why lenders are extending maturities

CLOs lenders are extending maturities of the loans without limit for higher fees.

FairPoint stock drops amid recap efforts

FairPoint hires Rothschild and says it could miss an October interest payment.

Ink-stained wretches: Newspaper sector update

A mere 14% of newspapers' costs arise from producing editorial content. For some, the cost imbalance is just the start of the problems.

Debt is the root of economic troubles

The New Yorker attempts to sum up the current economic predicament and blames 'debt, greed, hubris,' but only the first matters.

CBS may need more credit to pay off debt

The prediction contradicts CBS CFO Fred Reynolds' assertion last month that CBS reportedly could self-fund all its debt maturities through 2012.

Is Tyson chickening out?

President and CEO of Tyson Foods Inc., Dick Bond, has resigned to pursue other interests. Well, that's pretty vague, and so it's already set off speculation that his resignation may foreshadow future troubles at the company. ...

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