Hy-tech Computer Systems
Halabi Companies Fail to Fix Mortgage Bonds Default (Update1) (Bloomberg)
July 3 (Bloomberg) -- Investor Simon Halabi ’s real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds at a time when, according to Fitch Ratings, “pretty much” all such European deals would breach loan-to-value conditions if they were tested.
Halabi Companies Fail to Fix $1.9 Billion Mortgage Bond Default (Bloomberg)
July 3 (Bloomberg) -- Investor Simon Halabi ’s real-estate companies failed to remedy a default on 1.15 billion pounds ($1.9 billion) of commercial mortgage bonds.
Company Bond Risk Little Changed in Europe, Default Swaps Show (Bloomberg)
July 3 (Bloomberg) -- The cost of protecting European corporate bonds from default was little changed, according to traders of credit-default swaps.
Halabi family trusts hit by default on £1bn loan (Financial Times)
The loan of more than £1bn that backed a portfolio of central London office buildings owned by investor Simon Halabi’s family trusts has gone into default, raising questions about the future ownership of the properties.
US default rate hits new high for 2009 (The Edge Daily)
NEW YORK: Amid the prolonged U.S. recession, the speculative-grade default rate in the US hit a new year-to-date high in June, said an article published by Standard & Poor's on July 2.
Moody's downgrades Lear's default rating (AP via Yahoo! Finance)
Moody's Investors Services on Thursday downgraded Lear Corp.'s default rating a day after the automotive parts supplier said it is preparing to file for Chapter 11 bankruptcy protection.
Tilson Talks Mortgage Default (Forbes)
Whitney Tilson is the founder of T2 Partners.
S&P’s Speculative-Grade Default Rate Reaches High for the Year (Bloomberg)
July 2 (Bloomberg) -- Standard & Poor’s preliminary estimate for its 12-month trailing speculative-grade default rate rose to 9.2 percent in June, its highest level so far this year, S&P said.
Microsoft Changing Users' Default Search Engine (Slashdot)
BabyDuckHat writes "Cnet's Dennis O'Reilly caught 'Windows Search Helper' trying to change his default Firefox search from Google to Bing. This isn't the first time the software company has been caught quietly changing user's preferences to benefit its own products." Read more of this story at Slashdot.
Up to one in five hotel loans may default through 2010 (Miami Herald)
As many as one in five U.S. hotel loans may default through 2010 as the recession means companies are spending less on travel and perks, according to University of California economist Kenneth Rosen.
Cached at: 7/4/2009 6:16:27 PM