 When Zayo Group, a telecom infrastructure provider in Louisville, Colo., needed to raise $1.5 billion this summer after an acquisition, it faced a horrible climate for issuing high-yield bonds. Interest rates on junk had jumped due to the latest turmoil in Europe, making borrowing much more costly.
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The European Commission has approved Spain's plans to restructure four of its weakest banks, clearing the way for them to receive nearly €37 billion in fresh capital from the eurozone's bailout fund.
America's venture capitalists have spent the past several years begging Congress to make it easier for foreign-born entrepreneurs to enter the United States. The proposal is called Startup Visa, and finally may be on the verge of becoming law. Not on its merits (which are many), but because of electoral politics.
The struggling trading firm received its first public buyout offer Wednesday from rival and partial owner Getco.
The world of hedge funds may be shrouded in secrecy. But savvy investors can profit handsomely by following the public moves of some of the industry's high-profile players, especially as many are taking a more active role in cleaning up troubled companies.
I was on CNBC Squawk Box this morning to discuss what the fiscal cliff means for private equity. Drum roll... It doesn't mean all that much.
British banks may not have enough capital to absorb future losses while supporting growth in the economy, the Bank of England warned Thursday.
Remember in the late '90s when Wall Street was so fixated on earnings growth that highfliers like Cisco Systems were coveted despite price/earnings ratios of 100 or more?
The White House should be pleased. So far, the fiscal cliff negotiations are going pretty much exactly the way administration officials thought they would when planning for the post-election period started over the summer.
Businesses are feeling a little more upbeat about the eurozone but consumer confidence continues to fall, according to the European Commission's latest survey of economic sentiment.
Shares of the auction site hit a 52-week high Thursday, just days after logging strong gains on one of the most important online shopping days of the year for retailers.