Archive for February, 2012
Rite Aid closes on debt issue – Central Penn Business Journal
Rite Aid this week completed its offering of $481 million in unsecured debt, which it is using to pay down debt due in 2015. The East Pennsboro Township-based pharmacy chain announced on Feb. 14 it would issue the new bonds, which pay 9.25 …
TEXT-Fitch rates H.J. Heinz notes ‘BBB’ – Reuters
Fitch currently rates Heinz and its subsidiaries as follows: H.J. Heinz Co. –Long-term Issuer Default Rating (IDR) ‘BBB’; –Bank facilities ‘BBB’; –Senior unsecured debt ‘BBB’; –Short-term IDR ‘F2′; –Commercial paper (CP) ‘F2′. H.J. Heinz …
Even High-Dollar Homes Can’t Avoid Foreclosure – The Business Insider
One would think that high-end, super-expensive homes – homes well outside the price range of most Americans – would be pretty safe from foreclosure. After all, if someone can afford to even begin to live in such a home, they can surely afford to keep …
Michael Jordan’s mansion for sale at $29M – United Press International
Jordan, who became the majority owner of the Charlotte Bobcats in 2010, led the Chicago Bulls to six NBA titles and was inducted into the NBA Hall of Fame in 2006. Jordan and his ex-wife, Juanita, raised their three children in the house.
U.S. home prices post decline
A key gauge of home values in the nation’s largest cities fell in December to its lowest level since the start of the housing crisis in mid-2006. Home values in big U.S. cities have fallen to their lowest levels since the start of the housing bust, but cheap prices could draw in new buyers and [...]
Bill would reduce foreclosures, DFLers say
Minnesota House Democrats are proposing legislation that they say would help reduce the number of home foreclosures.
Banks Buoyed by ECB Cash Boost Sales of Unsecured Debt – Bloomberg
Banks Buoyed by ECB Cash Boost Sales of Unsecured DebtBloombergBanks sold 40.2 billion euros of senior unsecured debt this year, up from 11.7 billion euros in the second half of 2011 when sales stalled amid investor concern that banks may be hurt by losses on sovereign debt, Societe Generale SA data show.
Homeowners: Shop around for insurance – jdnews.com
If you are carrying homeowners insurance with a national full-service insurer, such as those that cater to military members, I highly recommend that you compare your homeowner’s insurance policy with local companies. My own rates climbed steadily from $ …
TEXT-Fitch rates HJ Heinz notes ‘BBB’ – Reuters
TEXT-Fitch rates HJ Heinz notes 'BBB'Reuters–Long-term Issuer Default Rating (IDR) 'BBB'; –Bank facilities 'BBB'; –Senior unsecured debt 'BBB'; –Short-term IDR 'F2'; –Commercial paper (CP) 'F2'. HJ Heinz Finance Co. (HFC) –Long-term IDR 'BBB'; –Bank facilities 'BBB'; –Senior unsecured …Fitch Rates Heinz's $600MM Sr. Unsecured Notes 'BBB'MarketWatch (press release) TEXT-S&P rates HJ Heinz notes 'BBB+'Reuters Africaall [...]
TEXT-S&P raises Inter Pipeline (Corridor) ratings to ‘A’ – Reuters
Feb 28 – Overview — We are raising our long-term corporate credit and senior unsecured debt ratings on Inter Pipeline (Corridor) Inc. to ‘A’ from ‘A-’. — The C$1.85 billion Corridor expansion project has performed as expected during its first …