Time Inc., the publisher of the namesake magazine whose first issue ran in 1923, is seeking a type of loan typically issued to investors that buy junk-rated debt as it prepares to be spun off from its parent.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, who rewarded stock and bond investors in 2013, may soon be pressured to make acquisitions that favor shareholders over those owning her company’s debt.
HJ Heinz Co.’s longtime leader Bill Johnson stood in the Veranda ballroom at the Four Seasons Hotel San Francisco, addressing the ketchup maker’s top 50 executives for the last time. Around the corner in a smaller room, his successor as chief executive officer, Bernardo Hees, waited to tell some of the same managers whether they still had jobs.
First Data Corp., the payment processor that isn’t earning enough money to reduce its $23 billion debt load from a 2007 buyout, is raising optimism among bondholders that it will sell shares to cut leverage.
The cost to protect debt issued by Expedia Inc. surged after the biggest online travel agency by revenue said it will split into two businesses, giving investors a chance to own shares in its fast-growing TripAdvisor unit.
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.
Dish Network Corp. has amassed a record amount of cash through bond sales as the second-largest U.S. satellite-television provider seeks to expand into the wireless business to offset a decline in its core customer base.
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.
Viacom Inc. , the owner of MTV Networks and the Paramount Pictures film studio, will start paying a dividend for the first time and buy back as much as $4 billion in stock as the advertising market recovers.