Citigroup Inc. is seeking to unwind more than $2.2 billion of collateralized loan obligations it set up for firms including a unit of Blackstone Group LP, according to people with knowledge of the deals.
NCR Corp. is so determined to boost margins that the world’s biggest supplier of ATMs is risking its investment grade rating on the most expensive acquisition by an integrated computer systems company in more than a decade.
Advanced Micro Devices Inc., expected to report its largest annual profit this year since 2000, may find its improving results overshadowed by the lack of progress in finding a new chief executive officer.
Stocks and commodities slid for a fifth straight day while Treasury yields declined to the lowest level this year amid signs the U.S. recovery is slowing. The Australian dollar depreciated after the Reserve Bank kept its cash rate unchanged.
U.S. stocks fell this week, including the biggest one-day drop in a month, amid concern the debt crisis in Europe is spreading and American lawmakers are putting the nation’s top credit rating in jeopardy.