NEW YORK, March 11 (IFR) - Petrobras was certainly impressive in building a USD23bn order book for its USD8.5bn six-part bond on Monday, but weaker demand than in years past - not to mention higher concessions - underscored the challenges the Brazilian oil name faces as it tries to reverse its reputation as one of the world's most indebted companies.
SAN FRANCISCO, March 11 - Walt Disney Co is in talks to buy Maker Studios, potentially valuing the fast-growing developer and publisher of YouTube entertainment videos at half a billion dollars or more, tech blog Re/code reported on Tuesday, citing anonymous sources.
March 11 - A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
NEW YORK/WASHINGTON/DETROIT, March 11 - Federal prosecutors in New York are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation.
WASHINGTON, March 11 - The chief executive of Japan's SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company's Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone.
(Corrects March 10 story headline and 1st paragraph to show passengers are not seeking $5,000 per month for life and corrects 11th paragraph quote to two hours from five hours)
NEW YORK, March 11 - Puerto Rico's governor Alejandro Garcia Padilla welcomed the U.S. territory's $3.5 billion bond sale on Tuesday, which was heavily oversubscribed, and said he plans to announce detailed cost cutting measures in the weeks ahead.
NEW YORK, March 11 - U.S. Treasuries prices edged higher on Tuesday, with concern about geopolitical tensions in Russia and Ukraine and weakness in China's economy spurring some demand for safe-haven bonds.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.