NEW YORK, Oct 31 (IFR) - The cost of insuring Avon Products
debt against default rose to a three-month high on
Thursday after the company missed third quarter earnings
expectations and warned that it would likely cost more than
expected to settle a bribery probe.
NEW YORK, Oct 23 (IFR) - The cost of insuring Safeway Inc's
debt against default rose sharply on Wednesday on talk
that a handful of buyout firms are exploring a deal for all or
part of the supermarket chain.
NEW YORK, Sept 20 (IFR) - Rite Aid Corp's credit default
swaps (CDS) spreads are at their tightest level since at least
2004 this week as the US drug store chain announced an
unexpected quarterly profit and lifted its 2014 guidance.
NEW YORK, Sept 6 (IFR) - Interest in purchasing credit
protection has resurfaced in Energy Future Holdings Co after
another rating agency recently underscored the plausibility it
may be headed toward a credit event sooner, rather than later.
NEW YORK, Aug 29 (IFR) - The cost of insuring Verizon
Communication's debt against default rose on Thursday after
Vodafone Group said it was in talks with the company to sell its
45% stake in their U.S. joint venture Verizon Wireless.
Aug 21 (IFR) - Campbell Soup Co has seen its credit default
swaps (CDS) grind slowly wider over the past couple weeks, as
the US food giant gets ready to release fourth-quarter and
full-year earnings next week.
Aug 16 (IFR) - Five-year credit default swaps (CDS) in US
supermarket chain Safeway are trading at levels that essentially
consider the investment-grade company's debt as junk-rated bonds
- and that's unlikely to improve in the short to medium term.
NEW YORK, Aug 15 (IFR) - US retailers could see the cost of
insuring their debt against default rise in coming months if
recent results are anything to go by, as a slowdown in consumer
spending starts to bite.
Aug 14 (IFR) - Macy's reported a softer-than-expected
quarter. The retailer typically is an outperformer in the
retail CDS sector, and while market expectations for the second
quarter were already low bar, Macy's missed on earnings per
share, sales and guided lower for the second half of the year.
Aug 13 (IFR) - Credit default swaps (CDS) in JC Penney
snapped tighter across all maturities on Tuesday after activist
investor Bill Ackman resigned from the company's board following
a bitter fight over the future of the troubled retailer.