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...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...Some of the 43 were uninsured; some had been banned from driving. Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
...WPP will also reduce is planned capex from £400m to v£300m....
...He cited a lawsuit in federal court in the Eastern District of Texas in which a patent that covered security systems, where a smartwatch could be used to turn on or off a car alarm, was in dispute....
...of extended warranties, credit life insurance and dealer-installed accessories into contracts.”...
...“There is a strong self belief in India, and credit is more available than in the past,” says Matthew Hanning, joint head of investment banking for Asia at UBS in Hong Kong....
...More funds are heading in this direction and investors are putting a lot of assets into distressed funds, says insolvency specialist Evan Flaschen of law firm Bracewell & Giuliani of Houston, Texas....
...Huntsman is still seeking damages of more than $3bn in Texas against Apollo and its partners....
...The move came after Opec warned in a report of “dramatically worsening conditions” in the credit market and a “negative impact on the real economy”....
...Citigroup, Morgan Stanley, Deutsche Bank, Credit Suisse, RBS and Wachovia had an uncomfortable time in Texas on Thursday....
...Bigger subprime top performers include Paulson’s Credit Opportunities fund, up 550.8 per cent to the end of October, and the Subprime Credit Strategies fund run jointly by Texas-based Hayman Capital and...
...As expected, Dallas energy firm TXU announced on Monday that it was to be acquired by a cohort of private equity firms, led by KKR and Texas Pacific....
...Quarterly, and the Journal of Money, Credit and Banking....
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