Word: defaulting
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Dates: during 1980-1989
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...caveat to the protesters, however. Even human rights violators have the right to free speech. Trying to obstruct that right will only make you look bad--giving him the moral high ground by default...
deLone-Cooper: Beat Gallego-Sherman (Virginia), default...
...latent dread of junk-bond investors is that one really colorful case of corporate distress might set off a selling spree in the volatile market for the high-yield securities. Last week their fears shot to the surface when Canada's Campeau Corp. said it might default on its debt, which is in part composed of junk bonds. That disclosure sparked the market's worst drubbing since the Crash of 1987, as traders rushed to dump their holdings. During the week, junk-bond issues fell in price by $10 to as much as $130 for each $1,000 in face...
...billion in an auction that is expected to attract bidders from Manhattan to Tokyo. Among them is Marvin Traub, chairman of the chain, who is planning a management-led buyout. But selling Bloomie's will not be enough. Campeau's firm conceded last week that it may default on $1.27 billion in fourth-quarter debt payments. The disclosure sent prices of Allied junk bonds plunging 20% in value in just one day, while Federated's fell...
...Investors in junk bonds, the high-yield securities that account for $225 billion in debt, could be among the first to feel the pinch. According to a study conducted for a group of junk-bond issuers by the economic consulting firm Data Resources, 1 out of every 8 will default if the economy falls into a soft landing. A major recession could produce a 1-in-5 default rate over five years. This year some $3 billion worth of junk bonds either have defaulted or were forced into a restructuring. The failure rate is well ahead of last year, when...