Credit Market Springs to Life
Posted: Wed, 10 Mar 2010 21:26:22 EST
Companies around the globe are aggressively borrowing in the debt markets once again -- a sign of renewed confidence in the world economy.
Offshore Brazil Beckons for BP
Posted: Wed, 10 Mar 2010 19:37:16 EST
British oil giant BP is set to acquire a big swath of oil assets from Devon Energy. The deal, worth up to $6 billion, would vault BP into the hot new oil region off the shores of Brazil.
Wall Street Moves to Shape CDS Rules
Posted: Wed, 10 Mar 2010 20:54:47 EST
Some on Wall Street acknowledged that changes to CDS are inevitable, with some suggesting remedies that might increase transparency while forestalling greater government intervention.
Toyota Complaints Surged After First Recall
Posted: Wed, 10 Mar 2010 20:56:40 EST
Complaints about speed-control problems with Toyotas have surged since the car maker announced in September it would recall millions of cars to fix floor mats that can pin the gas pedal in an open position.
Ex-Cazenove Partner Found Guilty
Posted: Wed, 10 Mar 2010 20:52:22 EST
Malcolm Calvert, a City veteran and former partner at U.K. stockbroker Cazenove known by his peers as 'Streaky,' was found guilty of five counts of insider trading.
