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.
Momentive Performance Materials Inc., a silicone producer controlled by Apollo Management LP, plans to sell debt as companies prepare for growth amid a jump in sales of existing U.S. homes and speculation that the Federal Reserve will keep interest rates near record lows.
The yield difference between Treasury five- and 30-year securities narrowed this week by the most in 19 months as traders unwound bets the Federal Reserve would wait until 2014 to announce cuts to its bond buying.
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, is on track for its largest pretax loss since 2008 after setting aside 3.1 billion pounds more ($5.1 billion) for legal and compensation claims.
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.