GE Capital, Asset Manager CIFC Team Up On Loans
GE Capital, a financing arm of General Electric, has formed a strategic alliance with $10 billion asset manager CIFC Corp. to explore lending opportunities, underscoring the growing role of non-bank creditors in the financial markets.
Will Credit Card Offers Soon Lose Their Shine?
On July 12, David Seaman made a startling prediction in his Business Insider column. He forecast that sign-up bonuses and other credit card offers that banks use to lure new customers could soon become less attractive. Say bon voyage to that free ticket How can that be? Surely credit card companies
Bank of Russia Plans To Publish Reports on State of Money Market - Shvetsov
Russia's central bank plans to begin releasing regular reports about the situation in the country's money market, Bank of Russia Deputy Chairman Sergei Shvetsov said Tuesday.
Hefty Wage Demands Add to Challenges Facing Brazil's Banks
Brazilian banks are facing hefty wage demands in this year's negotiations with employees' unions, which could, on top of other challenges, hurt profits in the second half of the year.
Microsoft Revamps Hotmail as Outlook, Takes Aim at Rivals
Microsoft unveiled a revamped online email service replete with a bounty of social-friendly features in the hopes of reversing market share losses to Google's Gmail.
Top-Quality Corporate Bonds Rally as a Preferred 'Safe Haven'
Investment returns on highly rated corporate bonds are outpacing their lower-rated peers this month as investors look for safe-haven alternatives to Treasurys.
Marathon Petroleum: No Plans to Spin Off Convenience Stores
Marathon Petroleum Corp. (MPC) Chief Executive Gary Heminger told analysts on a conference call Tuesday that the company has no plans to spin off its convenience store business.
National Australia Bank Prices EUR1 Billion 10-Year Bond
National Australia Bank (NAB.AU) has priced its EUR1 billion bond issue, one of the banks running the sale said Tuesday.
BP Profits Plunge On Massive Write-down
BP PLC (BP) Tuesday posted a dramatic fall in second-quarter earnings as it wrote down the value of several key assets in the U.S. by $5 billion.