Bonds of Clearwire Corp., the company Standard & Poor’s says will run out of cash in 2012, are approaching levels consistent with an impending default as partner Sprint Nextel Corp. strikes a deal with a competitor.
Oracle Corp ., the world’s second- largest software maker, sold $3.25 billion of bonds in two parts in its first offering in more than a year and the biggest debt sale by a nonfinancial borrower in 13 weeks.
Freescale Semiconductor Inc. , the chipmaker partly owned by Blackstone Group LP, plans to raise $1.15 billion in what would be the biggest initial share sale by a U.S. technology company since Google Inc. went public in 2004.
Credit-default swaps on News Corp. are the highest on record relative to its media peers as Standard & Poor’s says it may cut the publisher’s bond rating because of risks associated with the phone-hacking scandal.
Hewlett-Packard Co. debt is the riskiest in a decade relative to Dell Inc. as Chief Executive Officer Meg Whitman struggles to transform the world’s largest computer maker in an age of tablets and smartphones.
Rupert Murdoch, who began building his media empire 60 years ago, is relishing the chance “to do it all over again” with his newly streamlined publishing company that has $2.6 billion in cash to fuel acquisitions.