A top U.S. senator is vowing to pursue rules governing in-vehicle use of mobile phones and Internet-connected entertainment systems unless automakers and technology companies do more to reduce driver distractions.
Andrew Brenner, the former head of emerging markets and special situations at Guggenheim Capital Markets LLC, has joined National Alliance Securities’ capital markets group as head of international fixed income.
A gauge of U.S. corporate credit risk climbed as a budget deal stoked concern that the Federal Reserve could pare back stimulus. Time Warner Inc. plans to raise $1 billion in its first bond sale this year.
The cost to protect against losses on corporate bonds in the U.S. climbed to a more than six-week high as speculation swelled that the Federal Reserve will trim its bond purchases next month. Western Union Co. sold $250 million of two-year floating-rate notes.
German bunds have proven better than Treasuries since the start of the global financial crisis five years ago as U.S. stimulus measures and record deficits keep investors wary of a resurgence of inflation.
Debt linked to Brazil’s real may fall as Japanese investors, the largest holders of the bonds, bring funds home to pay for reconstruction following the nation’s earthquake, according to Guggenheim Capital Markets.
Competition among nine U.S. options exchanges following regulatory changes aimed at saving money for investors is causing some of the biggest participants to reduce their trading, a Tabb Group LLC report said.