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Fitch Affs Empresa de Energia de Bogota's IDRs at 'BB'; Outlook to Negative (Business Wire via Yahoo! Finance) CHICAGO----Fitch Ratings has affirmed Empresa de Energia de Bogota S.A. ESP's foreign and local currency Issuer Default Ratings at 'BB'. The rating action applies to USD610 million of outstanding senior unsecured notes due 2014. us.rd.yahoo.com
Banking and Financial (Mondaq) On November 21, 2008, the Board of the Federal Deposit Insurance Corporation (FDIC) approved a final rule for the Temporary Liquidity Guarantee Program (TLGP). The final rule provides significant changes from the interim rule, including that the FDIC guarantee on newly-issued senior unsecured debt will provide timely payment of interest and principal upon the issuing institution's failure to pay ... us.rd.yahoo.com
Comstock Homebuilding Companies Restructures $8.8 Million Debt With Bank of America (GlobeNewswire via Yahoo! Finance) RESTON, Va., Dec. 1, 2008 -- Comstock Homebuilding Companies, Inc. and certain of its subsidiaries announced that it entered into loan modification agreements with Bank of America, N.A. with respect to approximately $8.8 million of the Company's debt. us.rd.yahoo.com
QUICK POLL (GlobeSt.com) WASHINGTON, DC-Last week the Treasury Department and Federal Reserve Bank announced the rollout of a $200-billion Term Asset-Backed Securities Loan Facility, or TALF. Its purpose is to support the new-issue ABS sector--in other words, consumer lending. us.rd.yahoo.com
Redstone Sells Stake in Video Game Publisher (New York Times) Sumner M. Redstone, the controlling shareholder of Viacom and CBS, said that he had sold his stake in Midway Games as his family?s holding company looks to get out from under $1.6 billion in debt. us.rd.yahoo.com
Redstone sells interest in Midway Games (AP via Yahoo! News) Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. us.rd.yahoo.com
Report: Redstone to sell Midway Games stake (CNET via Yahoo! News) National Amusements, a media and entertainment company controlled by Sumner Redstone, is expected to announce on Monday that it sold its majority stake in Midway Games, according to a report in The Wall Street Journal. us.rd.yahoo.com
Central Bank to hold new unsecured auctions (RosBusinessConsulting) RBC, 28.11.2008, Moscow 14:59:45. On December 1 and 2, the Central Bank will hold auctions for providing banks with unsecured loans worth RUB 400bn (approx. USD 14.58bn) and RUB 150bn (approx. USD 5.47bn), respectively. us.rd.yahoo.com
Credit-card industry may cut $2 trillion lines: analyst (Reuters via Yahoo! News) The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said. us.rd.yahoo.com
Auto Sales Likely Fell on Economy, Bankruptcy Concern (Update2) (Bloomberg) Dec. 1 (Bloomberg) -- U.S. auto sales probably fell in November when buyers shunned showrooms as the economy weakened and pleas for federal aid by General Motors Corp. us.rd.yahoo.com
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