Hints and tips:
...S&P rates BPY’s debt BBB-, the lowest investment grade credit rating....
...Loewy, a suave French-born industrial designer who had a way of claiming credit where credit was not necessarily due. He did not design the Coke bottle, as the Loewy Foundation website still suggests....
...Both DraftKings and Barstool, from which casino group Penn Entertainment exited its investment this week, declined interview requests....
...That’s the target of Valuable 500’s “Gen V” mentoring scheme, which pairs a senior executive with a young disabled employee....
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
...And on the corporation tax point, ever since Truss has said that she didn’t want to put up corporation tax from 19p to 25p, which she said she was going to do, a lot of businesses have said we’re all for...
...Two weeks ago, Centene Corporation became the second company this year to issue a 10-year “high-yield” bond with a 2.5 per cent coupon. Two-years ago, the US government would have paid more....
...But they had yet to be adopted by any big corporations....
...Most imaginative is the post-credits museum of Call of Duty: Modern Warfare 2, remastered last year, where players can scrutinise character models, environments and weapons from the game....
...“I think one thing people are not paying enough attention to is that really bad jobless number,” said Jason Merrill, a portfolio manager at Penn Mutual Asset Management....
...by corporations” that have inflated their balance sheets, Mr Quarles said on Friday....
...“This is the time for a bazooka,” rather than a time-consuming tactical approach, said Art Penn, managing partner at credit group PennantPark, after the Federal Reserve said it would begin buying junk-rated...
...We see that now the rate of growth of loans to corporations on bank balance sheets in America is practically zero....
...“This is the time for a bazooka,” said Art Penn, managing partner at PennantPark, a credit firm....
...When Carney spoke six weeks ago, many policymakers were still confident of a sharp v-shaped recovery....
...Large corporations have savings and lines of credit to make payroll, but shopkeepers with no revenues are at immediate risk of missing next month’s rent....
...Even Toyota, one of the world’s most financially robust carmakers, is exploring a new credit line with banks to boost its balance sheet. Protecting jobs is another top priority....
...liquidity and limit the financial turmoil of an expected wave of credit downgrades....
...An early paper published by the Rand Corporation is The Prediction of Social and Technological Events (1949)....
...Banks appear to have passed the first test: a short but pronounced period of market mayhem and a co-ordinated drawdown of hundreds of billions of dollars of credit by corporations feeling the strain....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...My own feeling is that this will not be a V or even a U-shaped recovery, but a downwardly trending W that has a high risk of turning into a L....
...Veteran investor Dan Fuss, vice-chairman of Boston-based asset manager Loomis Sayles, described the Aramco bonds as “vastly overpriced” on Tuesday, noting that some investors would have been forced to buy...
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