Word: bondses
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The last time we were in a place even roughly comparable was the late 1980s, the decade that birthed LBOs, so called because firms got a lot of their buying power from debt, or leverage--particularly high-yield, risky junk bonds. Raiders feasted on bloated conglomerates such as Beatrice, buying...
The institute was created by a November 2004 ballot measure authorizing the sale of $3 billion in bonds over 10 years to fund stem-cell research at California universities and institutions. Supporters said the law--the first of its kind in the nation--would be a fiscal and scientific jackpot...
The unresolved litigation has unnerved investors and doomed attempts to raise money through the public-bond sale that would provide the expected $3 billion. Alternatively, the institute tried to float bond anticipation notes to buyers who would get refunds from the eventual sales of the bonds. But because of the...
?Bonds Indictment? Giants star avoids charges--so far
A grand jury's term expired last week without an indictment of Barry Bonds. But prosecutors are still investigating the slugger's alleged steroid use, tax evasion and perjury. They go to bat before a new grand jury this week.