Craig Wilson News
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William Beach loved cantaloupe -- so much so that starting in June last year he ate it almost every day. By August, the 87-year-old retired tractor mechanic from Mustang, Oklahoma, was complaining to his family that he was fatigued, with pain everywhere in his body.
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When Pete Hurley’s kids were younger, he carried juice and crackers in his car in case they got hungry. His son Jake liked a Kellogg Co. brand called Austin Toasty Crackers With Peanut Butter. So Hurley started buying them in 48-package cases at a Costco Wholesale Corp. outlet in Wilsonville, Oregon, where he lives.
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Canadian Imperial Bank of Commerce hired Craig Wilson from Scotia Capital as head of North American high-yield trading to expand its debt-capital markets business.
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Sales of Junk bonds in Canada may set another record this year after returns exceeded the rest of the world’s high-yield corporate debt market in 2010 and as companies reduce their reliance on bank borrowings.
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The yield premium investors demand to own junk bonds in Canada is near the lowest level in more than two years relative to those for investment grade securities amid a shortage of new debt sales.
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Junk bonds in Canada are outperforming the rest of the world’s high-yield, high-risk corporate debt market by the most since January as the country’s relative fiscal health attracts investors concerned that Europe’s sovereign debt crisis may worsen.
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JPMorgan Chase & Co. was sued by two investors who claim the bank was “at the very center” of Bernard Madoff’s Ponzi scheme.
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In less than two weeks in late 2007, Kayla Boner went from being a chatty, freckle-faced teenager celebrating her 14th birthday to a hospital patient on a ventilator with failing kidneys and seizures.
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