Peabody moves to end debt dispute in favor of unsecured creditors
CHICAGO (Reuters) – Bankrupt coal producer Peabody Energy Corp said in a court filing Friday it believes its long-term debt should be included in its current liabilities, a position that favors unsecured creditors to the tune of $1 billion.
Wall Street ends volatile week on high note as tech leads
(Reuters) – Wall Street rallied on Friday, led by tech stocks on the back of Applied Materials’ strong profit forecast, ending a volatile week on a positive note.
LendingClub taps Jefferies to seek loan funding: sources
(Reuters) – LendingClub Corp has hired investment bank Jefferies LLC to help it find investors for loan funding, people familiar with the matter said on Friday, as the U.S. online lender seeks to replenish investments after a probe over the sale of so…
SunEdison agrees to withdraw request for independent examiner
NEW YORK (Reuters) – SunEdison Inc has tentatively agreed to withdraw a request for an independent examiner for the renewable energy company’s bankruptcy, its attorneys said in court on Friday, enabling its creditors to pursue their own investigation….
U.S. securities regulator takes aim at exchange-traded funds
WASHINGTON (Reuters) – The top U.S. securities regulator is taking aim at exchange-traded funds, with the agency’s chair on Friday saying that recent events have called for giving the popular funds “enhanced attention.”
Economic data keeps Fed in focus for stocks
NEW YORK (Reuters) – Economic data will garner most of the attention next week, with investors placing a heavy weight on a host of reports as they try and determine the likelihood of a rate hike by the U.S. Federal Reserve at its June meeting.
Banks identify possible replacements for U.S. Libor
NEW YORK (Reuters) – A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home…
Exclusive: CIC ends talks with Yum Brands over China business – sources
(Reuters) – A consortium that includes sovereign wealth fund China Investment Corp (CIC) and U.S. buyout firm KKR & Co has ended discussions to buy a stake in Yum Brands Inc’s China unit, according to people familiar with the matter.
Exclusive: Suppliers question Tesla’s goals for Model 3 output
DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned – an acceleration that supplier executives and industry cons…
Where can you get a 5 percent yield? At Macy’s
NEW YORK (Reuters) – Some of the best deals at big retailers like Macy’s, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof.
