We’ll begin with a condensed version of ‘The Old Order Passeth’: RDA Holding Co., publisher of the 91-year-old Reader’s Digest magazine, filed for bankruptcy to cut $465 million in debt and focus on North American …
Search Results for: performance
February 15, 2013
Has the tide turned for junk bonds? The biggest buyers of junk bonds are in retreat as exchange-traded funds suffer unprecedented withdrawals with the debt facing its first losses in eight months. The outflows sent …
February 14, 2013
DBRS has confirmed TCL.PR.D at Pfd-3, Trend Negative: The confirmation considers the declines in organic revenue and operating income over the past year, while acknowledging improvement in key credit metrics as a result of debt …
February 13, 2013
Scandinavians might find increased bank capital to be a mixed blessing: Swedish regulators will require banks to set aside capital equivalent to at least 10 percent of their risk-weighted assets this year, with the minimum …
February 12, 2013
The Federal Reserve bank presidents have written a comment letter on MMF reform: As support for the Council’s proposed determination and to set the context for identifying the essential elements of reform, we briefly discuss …
February 11, 2013
IIROC has gotten away with another shake-down, this time of Deutsche Bank. I’m sure every morally upright person will be shocked – shocked! – at their misconduct: In late July and early August 2007, the …
February 8, 2013
Some pension notes from the States: Scituate, Rhode Island, population 10,329, operates a pension plan for its police department. The plan is underfunded to the tune of $8.4 million, a liability that has quadrupled since …
February 7, 2013
Pension underfunding is becoming socially acceptable: Some of Ontario’s largest companies, facing massive deficits in their pension plans, are turning to their employees in a bid to help solve a deepening funding crisis. Chrysler Canada …
February 6, 2013
Bloomberg has an the regulatory realities of ratings: The U.S. lawsuit against Standard & Poor’s raises pressure to accelerate competition in the ratings industry while the government itself has adopted rules that left the business …
February 5, 2013
There are a few more details on the persecution of S&P: The U.S. is seeking as much as $5 billion in penalties from McGraw-Hill Cos. (MHP) and its Standard & Poor’s unit as punishment for …