Tag:
Corporate Debt
Latest Headlines
Latest Headlines
"Moral rot" on Wall Street
Former investment banker William Cohan has emerged as one of the more incisive critics of all that ails Wall Street by dint of his book "Money and Power: How Goldman Sachs Came to Rule the World," and his trenchant commentary in Bloomberg and other venues. Some have noted that former inves
More on Morgan Stanley vs. Goldman Sachs
Goldman Sachs and Morgan Stanley once competed against each other with a special zeal. To some extent, they are still the two premiere investment banks on Wall Street. But they seem to have evolved two separate business models, and the comparison may not be as apt for much longer.
As for
Microsoft issues debt for the first time
Microsoft became one of many companies taking advantage of favorable debt conditions this week when it issued $3.75 billion in debt--making this the first time it has ever tapped the bond markets. It is authorized to sell up to $6 billion. The firm's bond sale was led by JPMorgan and Morgan Stanle
Corporate debt market improves--barely
According to Standard & Poor's, more than $700 billion in corporate debt will come due in 2009--at the worst possible time. Southwest Airlines may have been among the lucky ones when it went to borrow $400 million. The terms were not exactly envious. It had to pay 10.5 percent interest and put
Rating agencies sued by Connecticut
It's no secret that credit ratings agencies rate municipal and corporate debt differently. Moody's has admitted as much. Exactly why they do this vexes some--including Connecticut state attorney general Ralph Blumenthal. He has sued Standard & Poor's, Moody's and Fitch, charging them with unfa
