Chris Sullivan News
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Standard & Poor’s, the ratings firm frozen out of the commercial-mortgage bond market since last year, plans to change the way it rates the securities.
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Outback Steakhouse Inc. co-founder Chris Sullivan said he knows what his friends William Minardi and Timothy Coughlin would do had they survived the Sept. 11, 2001, attacks: raise money to remember the victims.
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Standard & Poor’s is frozen out of the commercial-mortgage bond market by the biggest underwriters after derailing a $1.5 billion sale by Goldman Sachs Group Inc. and Citigroup Inc. last July.
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Automakers are selling bonds linked to vehicle debt at the fastest pace since at least 2008 as soaring investor demand sends relative yields on the notes to the lowest level in more than six months.
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Anglo Irish Bank Corp. , the Dublin- based lender seized by the government after its real estate loans soured, will auction 232 unsold condo units in Manhattan’s Battery Park City today in an attempt to recoup $135 million it is owed on the project.
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Navistar International Corp. plans to sell $919 million of bonds backed by loans on trucks, buses and trailers, according to a person familiar with the offering.
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Derek van Eck , a principal and chief investment officer at mutual-fund firm Van Eck Associates Corp., died unexpectedly last night. He was 46, and the cause of death wasn’t disclosed.
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It is not easy to put the biography of a football coach on the stage. “Lombardi,” by Eric Simonson, based on a book by David Maraniss, is just such a temerarious enterprise, and Broadway’s arena-style Circle in the Square theater makes things even that much harder.
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Fidelity Investments, the second- biggest U.S. mutual-fund company, named Charles Morrison president of its fixed-income unit as part of organizational changes after the death last week of Boyce Greer.
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Nissan Motor Co., Bayerische Motoren Werke AG and AmeriCredit Corp. lead companies selling at least $3.6 billion of asset-backed securities tied to U.S. consumer debt, a market in which total issuance is expected to fall 25 percent this year, according to Wells Fargo Securities.
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