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Business News.(A)(Business News)
Can Buffett bolster junk bonds?
Warren Buffett bought several hundred million dollars in bonds of troubled financial companies Conseco and Finova Group. That could prompt renewed interest in the weak $681 billion junk-bond market. Investors have abandoned junk bonds as the economy slows and tech and telecom capital spending plans fall. Junk bonds lost more than 5% in 2000, including interest, Merrill Lynch said.
Chickening out on its beef bid?
No, Tyson hikes offer to $2.9 bil
Poultry giant Tyson raised its unsolicited bid for beef processor IBP to $27 a share in cash and stock vs. its prior offer of $26. It also offered compensation if the deal is blocked for antitrust reasons. IBP said it would review the deal. IBP already has a friendly $2.4 billion pact with DLJ MerchantBanking, but it's expected to end that deal in favor of Tyson or pork producerSmithfield Foods. Smithfield has bid $25 a share in stock, but is likely to raise its price.
Antitrust issues: Tyson also said federal regulators want more information about its IBP bid, signaling antitrust concerns. Farmers, agricultural officials and consumer activists have said a purchase of IBP by either Tyson orSmithfield would hurt competition.
British Telecom buys Viag stake
- Junk bonds post modest outflow.(Business News)
- News wire article from: UPI NewsTrack August 20, 2004 700+ words
ARCATA, Calif., Aug. 20 (UPI) -- AMG Data Services of Arcata, Calif., said Friday high-yield bond funds reported a modest $25.9 million outflow in the week ended Wednesday. AMG Data Services said this is the third week straight that funds in the asset class have reported minimal outflows, under
- Junk bonds post $29.36 mllon in outflows.(Business News)
- News wire article from: UPI NewsTrack August 6, 2004 700+ words
ARCATA, Calif., Aug. 6 (UPI) -- AMG Data Services of Arcata, Calif., said Friday high-yield bond funds reported $29.36 million of outflows in the week ended Wednesday. AMG Data Services said it was the second week in a row cash has left the funds, reversing a month-long trend of modest inflows. The
- Junk Bonds Showing Strong Returns.
- Newspaper article from: Knight Ridder/Tribune Business News March 2, 1998 700+ words
...Knight Ridder/Tribune Business News Mar. 2--Junk bonds. Their very name tells you...although little is written about junk bonds without the words "high risk...think. Market strategists say junk bonds offer a mid-range alternative...
- Buyers of QwestDex to Sell Up to $1 Billion Worth of Junk Bonds.
- Newspaper article from: Knight Ridder/Tribune Business News August 27, 2002 700+ words
...Knight Ridder/Tribune Business News Aug. 27--The buyers...1 billion worth of junk bonds in September or October...issue high-yield or junk bonds rather than investment...higher payout from junk bonds to protect themselves...Knight Ridder/Tribune Business ...
- HomeGold Accountant Blames S.C. for Not Stopping Firm's Sale of Junk Bonds.
- Newspaper article from: Knight Ridder/Tribune Business News December 15, 2003 700+ words
...Columbia, S.C. Knight Ridder/Tribune Business News Dec. 15--HomeGold investors would...had stopped the company from selling junk bonds in the year before it collapsed, the...Distributed by Knight Ridder/Tribune Business News.
- Accuracy of Report on Texas Savings Association Junk Bonds Questioned.
- Newspaper article from: Knight Ridder/Tribune Business News Yip, Pamela July 14, 1998 700+ words
...Knight Ridder/Tribune Business News Jul. 15--Attorneys...lost money trading junk bonds. During cross-examination...gains and income the junk bonds got gives an incomplete...calculations, the junk bonds United Savings invested...Knight Ridder/Tribune Business ...
- European Junk Bonds Return at a Rattling Pace.
- News wire article from: Evening Standard (London) July 24, 2000 700+ words
...Not that high-yield debt, or junk bonds to the layman, is anything new...weighing scales maker have all issued junk bonds this year. Sherry said manufacturers...Distributed by Knight Ridder/Tribune Business News. TICKER SYMBOL(S): CMB, BCS
- Bonanza in junk bonds fuels fears for private equity.
- Newspaper article from: Sunday Business (London) January 3, 2007 700+ words
...Orange Jan. 3--The value of junk bonds issued globally has surged to a...Kleinwort, warned: "The demand for junk bonds is ignoring the fact that the default...Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints...
- Dangers Lurk in the British Flight to Junk Bonds.
- Newspaper article from: Knight Ridder/Tribune Business News Evening Standard, London November 3, 1998 700+ words
Knight Ridder/Tribune Business News Nov. 2--Bonds are suddenly fashionable...at BBB to below "investment grade", junk bonds to you and me. Zemek says "if you do...Distributed by Knight Ridder/Tribune Business News.
- 'Junk Bonds' Make a Comeback as Stocks Slump.
- Newspaper article from: Knight Ridder/Tribune Business News March 17, 2003 700+ words
...DiMartino, The Dallas Morning News Knight Ridder/Tribune Business News Mar. 17--With stocks in a three-year slump, investors...greater return comes with higher risk. High-yield bonds u or junk bonds, their less-kind label u have rehabilitated their reputation...