Word: exchangees
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To be sure, Cantor hasn't escaped the biggest financial meltdown in decades unscathed. The firm was a prominent player in the trading of credit default swaps, and that market for bond insurance has been battered by the rising defaults in home loans and other debts. Worse, some politicians and...
One of the businesses it plans to launch soon is a futures exchange where traders can bet on the box-office success of movies. It will never be one of Cantor's biggest businesses, but it offers a lot of symbolism. The firm gained regulatory approval for the exchange a...
GM is becoming so desperate that it may offer a program to exchange its $28 billion in unsecured debt for equity in the company. The bondholders would not get a penny under the plan being proposed. The GM shares they would receive may be worthless in a year if the...
Once one of the cocaine trafficking capitals of the world, Medellin experienced a rare few years of respite and calm after 2003, when thousands of narco-financed paramilitary groups started putting down their arms in exchange for amnesty or reduced sentences. At the same time, however, many observers attribute the...
[UPDATE: Chávez and his allies had declared that they would not be signing the summit's final declaration in order to protest U.S. policy on Cuba. But when the presidents of the U.S and Venezuela met in Trinidad, they appeared to exchange warm handshakes. According to a Venezuelan...