Money Snatchers

Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said on Friday.

Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.

Europe’s deepening debt crisis leapt to the top of the agenda of a meeting of G7 rich country finance leaders in the Canadian Arctic on Friday amid fears that Greece’s fiscal sickness was spreading.

A judge Friday halted Argentina’s plan to use $6.5 billion in reserves to pay the country’s debt — the issue in a feud between President Cristina Fernandez de Kirchner and the central bank president she fired for trying to stop the procedure.

TORONTO — Rogers Communications Inc. filed a preliminary prospectus on Friday that would allow the Toronto-based media and cable company to raise as much as $4-billion in debt securities

IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet.

IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet.

India’s top vehicle maker Tata Motors raised 750 million dollars on Friday from investors and said it would use the funds to repay debt from the purchase of British car icons Jaguar and Land Rover.

A CBS newsman who prosecutors said was desperate and deep in debt was charged Friday with trying to blackmail David Letterman for $2 million in a plot that forced the late night comic to acknowledge having sex with some of the women who have worked for him.

Better-than-expected results from Bank of America and Citigroup did little to spark the banking sector Friday, as ongoing concerns over bad debt dampened Wall Street’s enthusiasm for an otherwise good week for banks.