Alan Goldstein

Sears Bonds Drop Below Par After $279 Million Quarterly Loss

Bonds of Sears Holdings Corp. plunged to less than par after the retailer controlled by hedge-fund manager Edward Lampert reported a $279 million first-quarter loss.

Glencore Leads Company Bond Sales in U.S. as Issuance Falls 36%

Offerings of corporate bonds in the U.S. fell 36 percent this week to about $36.5 billion as relative yields widened.

Dealers Absorbing Junk Bonds as ETF Demand Drops: Credit Markets

Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from exchange-traded funds that buy the debt.

U.S. Corporate Credit Swaps Climb Before Durable Goods Report

A gauge of U.S. corporate credit risk rose for a third day before data on durable goods orders.

Evercore's Gladstone Brings Art to Dinner to Woo Futures Elite

When Jane Gladstone of Evercore Partners Inc. first attended the Futures Industry Association annual meeting in Boca Raton in 2002 she was the only investment banker there. To capitalize on the opportunity, she threw a dinner for about 20 people.

JPMorgan to Sell Bonds Backed by $443 Million of Mortgages

JPMorgan Chase & Co. is planning its second sale of U.S. home-loan securities without government backing since the financial crisis the debt helped to trigger.

Commercial Paper Market Rises to Most in Three Months, Fed Says

The market for corporate borrowing through commercial paper expanded to the most in almost three months as issuance from industrial and financial firms rose.

Freddie Mac Begins Creating Bonds Backed by Modified Mortgages

Freddie Mac, the government- controlled mortgage financier, said that it’s begun packaging modified home loans into bonds that it guarantees, with $1 billion of securitizations already completed.

Credit Swaps in U.S. Rise as China Manufacturing Shrinks in May

A gauge of U.S. corporate credit risk rose as data showed China’s manufacturing is contracting in May for the first time in seven months.

Lloyds Said to Plan $8.7 Billion Sale of U.S. Mortgage Bonds

Lloyds Banking Group Plc plans to auction about $8.7 billion of U.S. mortgage securities without government backing that were issued before the credit crisis, according to a person with knowledge of the offering.

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Arizona Sheriff Violated Latinos’ Rights, Judge Rules

Soccer’s Neymar Wants to Stay in Brazil Until 2014, Agent Says

Google Said to Consider Buying Waze Presaging Bidding War

Fannie Mae Profiting as Market Middleman Angers Lenders

Most U.S. Stocks Fall as Investors Weigh Data, Stimulus