bond trading news stories on Newser

GM to Cut 21K US Factory Jobs

Mon, 27 Apr 2009 08:53:21 CDT

General Motors will cut 21,000 US factory jobs by next year, phase out its Pontiac brand, and ask the government to take company stock in exchange for half of GM's government debt as part of a major restructuring effort needed to get more government aid, the firm said today....

Renegade Trader Leaves Deutsche Bank Reeling

Clay Dillow — Fri, 06 Feb 2009 10:58:38 CST

How does one lose almost $2 billion in a matter of months? Look no further than the story of Deutsche Bank’s Boaz Weinstein, the chess master and gambling extraordinaire who made more than $1.5 billion for the firm in just 2 years before losing it all and more, the...

Next Bubble May Be in Treasuries

Nick McMaster — Tue, 06 Jan 2009 20:15:01 CST

As the credit and stock markets collapsed, investors rushed to Treasuries as the safest possible bet. But the rush to safety could be fueling a bubble, writes Andrew Bary for Barrons . Yields have been plummeting, with 10-year notes at 2.4% and three-month bills selling last week for 0.05%....

Tribune Co. Risks Default on Debt Payments

Caroline Zimmerman — Fri, 20 Jul 2007 20:30:00 CDT

The Tribune Co. is at risk for missing interest payments on part of the $13-billion debt that will result from the sale to real estate baron Sam Zell, Bloomberg reports. The prediction is based on trading in the company's credit-default swaps; at $77,000 per $10 million in debt, they...

Cantor Cuts Ties to eSpeed, BGC

Ben Worthen — Wed, 30 May 2007 11:41:03 CDT

Cantor Fitzgerald, following conflict-of-interest complaints from investors, is planning to distance itself from the brokerage and online trading firms it controls. The deal will create a new company, a merger of eSpeed and BGC Partners.