1 hr ago
U.S. industry shows some vigour, but housing soft
U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.
Trending on the Topix Network
3 hrs ago
Biggest LBO Demise Poised to Put Oncor in Play: Real M&A
The prospective bankruptcy filing of Energy Future Holdings Corp., taken private in the biggest leveraged buyout in history, is poised to put the most profitable unit of the power producer up for grabs.
7 hrs ago
Tight job market in US cities prompts higher pay
To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10 percent and added a 401 retirement plan.
Mon Apr 14, 2014
Resource Investing News
Fitch Ratings Downgrades Alcoa's Credit Grade to BB+
Bloomberg reported that Fitch Ratings has cut Alcoa Inc.'s credit grade from BBB- to BB+, one level below investment grade.
Small US colleges worry as enrollment slumps
At a Dowling College campus on Long Island's south shore, a fleet of unused shuttle buses sits in an otherwise empty parking lot.
Toys - R' Us Leveraged Like '05 as Loss Mounts: Corporate Finance
Toys "R" Us's debt ratios returned to levels last seen following its $6.6 billion leveraged buyout in 2005, underscoring heightened concern among investors that the retailer may not be able to recover from its biggest loss in nearly three decades.
Sun Apr 13, 2014
Apollo's Momentive Performance Files for Bankruptcy
Momentive Performance Materials Inc., a maker of coatings and resins found in shampoos and auto parts, filed for bankruptcy after struggling to make payments on debt dating to its 2006 buyout by Leon Black 's Apollo Global Management LLC. The chemical producer listed $2.69 billion in assets and $4.17 billion in debt in its Chapter 11 filing ... (more)
Fri Apr 11, 2014
GOL and TAP Enter Into a Codeshare Agreement
GOL Linhas Aereas Inteligentes S.A. , , the largest low-cost and low-fare airline in Latin America announces that it has signed a contract to implement a codeshare and frequent flyer program agreement with TAP.
GOL Announces the Call Notice for Annual Shareholders' Meeting
Linneu Gomes, S/N, Portaria 3 - at the Meeting Room of the Board of Directors of Gol Linhas Aereas Inteligentes S.A. , Jardim Aeroporto, CEP: 04626-020, in the Capital of the examine, discuss and vote upon the Accounts of the administration, including the Financial Statements for the fiscal year ended on It is available to the Shareholders at the ... (more)
The Globe and Mail
Moody's cuts Turkey's outlook, lira weakens, yields rise
A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011.
U.S. as Global Growth Engine Putt-Putts Instead of Purring
The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.
Thu Apr 10, 2014
The Washington Post
ADP to Spin Off Auto-Dealer Unit to Focus on Human Resources
Automatic Data Processing Inc., the payroll-and-benefits provider whose monthly jobs report is a U.S. economic barometer, plans to spin off its auto-dealer services unit to focus on the human-resources business.
Harrisburg Authority Closes First Water-System Debt in 3 Years
The water system of Harrisburg Authority, the agency that racked up the debt that plunged the Pennsylvania capital into insolvency, closed today on its first bond financing since 2011.
Ukraine on Verge of Default Even With IMF Bailout
Ukraine is on the verge of a default even with an IMF bailout, Forbes reports. In fact, Moody's recently stated that they are now at the point of no return.
Wed Apr 09, 2014
World News Report
ADP Regional Employment Report: Texas, Florida, and California Exceed ...
"There is a clear divergence between employment growth in the South and West versus the Midwest and Northeast," said Ahu Yildirmaz, VP and head of the ADP Research InstituteA .
Tue Apr 08, 2014
S&P, Moody's Say Calpers Looking for Ratings Scapegoat
Standard & Poor's says the California Public Employees Retirement System can't blame it for almost $800 million in losses on top-rated investments that later collapsed because its assessments are opinions and not guarantees or facts.
Miami's port to issue new bond to pay debt, fund tunnel project
The port of Miami's total debt is set to pass $1 billion after Miami-Dade County commissioners approved a $225 million bond offering on Tuesday to meet existing lending agreements and pay the balance on a nearly finished underground tunnel connecting the island-port to nearby highways.
Westchester Joins Record Wave of N.Y. Pension IOUs: Muni Credit
New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.
Mon Apr 07, 2014
Arizona Tourism Bonds Renewed With Scottsdale Museum of the West
An agency in Scottsdale, Arizona , plans to issue about $50 million of municipal bonds next month to fund construction of the Museum of the West, a city-owned venue that will display cultural artifacts.
Moody's Gives NYS Budget Positive Rating
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