Word: junkings
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...comparison to the genomes of other organisms, human genes tend to be distributed in clumps, with coded genes close together and long stretches of non-coding "junk...
...human genome has a larger percentage of junk DNA (50 percent) than the genomes of the mustard weed (11 percent) or the worm (7 percent...
Michael Milken may have lost his bid for a presidential pardon, but some familiar wheeler-dealers that he either funded or fought in his heyday as Wall Street's junk-bond king have resurfaced, let back in the game by a receding stock market. And they aim to play. The names include Carl Icahn, Henry Silverman, Ted Forstmann, Irwin Jacobs and Henry Kravis--an '80s reprise that almost makes you want to cue the Ramones and slam dance...
...stock market has fallen and can't get up, making takeovers more affordable. For the same reason, companies that use only stock for acquisitions have had that currency devalued. This leaves the raiders to rule, and they're suddenly finding they have renewed access to a crucial financing source--junk bonds. That well went dry as investors funneled their money into stocks in recent years. Junk-bond mutual funds suffered net outflows of $10 billion last year. But since Jan. 1, junk funds have had net inflows of $3 billion, according to AMG Data, bringing them to an aggregate total...
...buyout game is more complicated today. The typical LBO has three layers of financing--equity (put up by the buyer), senior debt (borrowed from a bank), and junior debt, or junk bonds (most often provided by junk-bond mutual funds). Banks are reluctant to lend for speculative buyouts with the economy slowing, though the Fed's rate cuts are easing that condition...