America"s Giant Debt-For-Equity Swap Exposed

A debt-for-equity swap is looking more and more likely at the British travel giant. Even if it sold its airline, it can’t keep living hand-to-mouth......»»

Norwegian Air's bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the COVID-19 pandemic, although talks will still continue......»»

The share price of Norwegian Air fell by 60% on Tuesday, the first day of trading following the company's proposal of a financial rescue package on April 8......»»

Tysons IT services giant DXC Technology Co. (NYSE: DXC) is selling its state and local health business to private equity firm Veritas Capital for $5 billion in cash. DXC said Tuesday it would use the proceeds from the sale to pay down debt. The c.....»»

In Manhattan, a giant clock displays a rising U.S. debt total — almost $23 trillion for now. Pundits s.....»»

Authored by Nic.....»»

The threat of a U.S.-led global trade war has exposed the earnings vulnerability of many global equity indexes. Bank of America, U.S. Trust analyzed 18 different international in.....»»

Corruption-ensnared Odebrecht SA has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht's huge debt load, according to two sources with knowledge of the matter......»»

Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems......»»

Invitae rolled up several companies in an effort to expand its genetic testing services. Instead, it larded itself up with debt......»»

An apocryphal World War II-era quote credited to a German Tiger I tank commander says, “I could always take out 10 American tanks, but they had 11.” It meant that no matter the commander’s success, America’s superior number of tanks wo.....»»

The ecommerce giant increased wages in 2018 and backs a $15 federal minimum wage. In.....»»

Private equity giant KKR & Co Inc (NYSE: KKR) is in talks to buy U.K.-based sustainability consulting company ERM Group Inc., Bloomberg reported, citing people familiar w read more.....»»

U.S. stocks end lower on the week after hot inflation data spooked investors bracing for a roaring, but potentially messy economic comeback. Their equity-like counterparts in the debt world barely budged......»»

The firm typically invests $5 million to $30 million of capital in the form of debt and equity into high-growth middle-market companies......»»

Victoria's Secret owner L Brands is no longer selling the lingerie brand. Here's the story of the rise, fall, and comeback of the lingerie giant. Model Tyra Banks the Victoria's Se.....»»

Gundlach Warns America's "Unfunded Liabilities" Are $163 Trillion, More Than 5x National Debt DoubleLine's Jef.....»»

Philip Morris International America CEO Martin King on how the cigarette giant is preparing for a future when no one smokes. Philip Morris International America CEO Martin King on how the cigarette giant is preparing for a future when no one smokes......»»

U.S. equity futures are trending lower hours ahead of health care earnings reports Tuesday as services giant CVS Health and pharmaceutical firm Pfizer post results ahead of the opening bell. .....»»

"Vaccine deployment, economic reopening, stimulus, etc. are largely priced in," said BofA's equity strategists in a note on Monday. Lucas Jackson/Reuters Bank of America said bullishness in the stock market .....»»