Fender Musical Instruments Corp., the maker of the iconic Stratocaster electric guitar played by artists such as Eric Clapton and John Mayer, got a $200 million loan to refinance debt, according to a person with knowledge of the matter.
Kevin Cassidy, the former chief executive officer of Optionable Inc., will plead guilty to his role in a scheme to hide millions of dollars of losses at the Bank of Montreal, a clerk in Manhattan federal court said today.
Goldman Sachs Group Inc. was sued by Allstate Insurance Co. over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called “junk” and “lemons.”
Intel Corp., seeking a replacement for departing Chief Executive Officer Paul Otellini, needs a candidate with credentials internal contenders lack: a record of success in the market for mobile-device semiconductors.
SanDisk Corp., a maker of flash memory for mobile devices, gave sales forecasts for the first quarter and 2013 that fell short of analysts’ estimates as the company limits supply to avoid an industry glut.
Advanced Micro Devices Inc., the second-largest maker of processors for personal computers, forecast fourth-quarter sales that will miss analysts’ estimates and said it will cut 15 percent of its staff.