Posted on October 9, 2009 by
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.
Continue ReadingPosted on October 3, 2009 by
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.
Continue ReadingPosted on July 17, 2009 by
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.
Continue ReadingPosted on June 26, 2009 by
The McClatchy Co.’s offer to exchange debt for a fraction of its value met a 9 percent acceptance rate, the newspaper publisher said Friday.
Continue ReadingPosted on June 19, 2009 by
The state of California is facing a “multi-notch” downgrade of its debt if it fails to resolve its enormous budget woes, Moody’s Investors Service said Friday.
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