Word: defaulting
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After blanking Boston College Thursday, the Crimson cruised past Columbia, 6-3, despite having one player default (Michael Zimmerman) and another retire (Jonathan Cardi) in singles action...
...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...