Roger King

AMR Bankruptcy Yields Record-Low Bond Coupon: Corporate Finance

American Airlines is selling investment-grade debt even as it spends a 15th month in bankruptcy while bond buyers look ahead to the merger with US Airways Group Inc. that will create the world’s largest carrier.

Gol Bonds Showing Brazilian Strength as Yields Fall Below Rival Tam Debt

Gol Linhas Aereas Inteligentes is beating its biggest rival, Tam SA, in the bond market as Brazil’s economic growth accelerates amid a four-month rally in the real.

Overseas Shipholding Needs New Loan Agreement: Corporate Finance

Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt guarantee impedes profitability, challenging the company’s ability to pay its obligations and pay for new vessel deliveries next year.

Michigan Couple Stole GM Secrets for Chinese, U.S. Says

A former General Motors Co. engineer and her husband should be convicted of stealing the automaker’s trade secrets related to hybrid-car technology to help develop such vehicles in China, a U.S. prosecutor said at the end of their trial.

Blackstone Offers Highest 2011 Rates on Travelport Swap: Corporate Finance

Blackstone Group LP is offering the highest interest seen on a loan this year if lenders agree to swap debt in Travelport Ltd. for longer-dated obligations, or else it may put the parent of the second-largest travel- reservation system provider into bankruptcy.

AMR Bonds Signal Plan to Ditch Older Jets in Bankruptcy: Corporate Finance

AMR Corp. bonds signal its American Airlines unit will retire older jets in bankruptcy, punishing investors in debt backed by the planes while those secured by newer aircraft indicate lenders will be paid in full.

NLRB Hurts Business With Union Agenda, Congress Told

The National Labor Relations Board, which mediates disputes between management and workers, must be pulled back from a pro-union agenda that is harming businesses, labor lawyers told a U.S. House hearing.

Overseas Shipholding Plummets on Bankruptcy Talk: New York Mover

Overseas Shipholding Group Inc.’s bonds and stocks plunged after the largest U.S. tanker company said in a regulatory filing it’s considering filing for Chapter 11 bankruptcy protection.

Preparations Under Way for New Union Vote Rules Next Week

Labor-relations consultant Phillip Wilson has had a busy month, flying from Arizona to Virginia holding seminars and conducting online workshops to get employers ready for what he says is one of the biggest changes in labor law in decades.

Airline Debt Takes Off as Traffic, Profits Rise: Credit Markets

Bonds of airlines are proving unbeatable two years after the industry struggled with record high fuel prices and an economy in freefall.

"If they refinance the gap between the $1.5 billion and the new $900 million facility, they are left with no financial flexibility, and they still have to repay the bonds."

- Roger King on Aug 20, 2012

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NetApp Is Said to Be Pushed by Elliott to Change Board

Sprint Faces Mounting Pressure as Dish Lines Up Financing

U.S. Stocks Fall as Data Disappoints Amid Stimulus Bets

House Immigrant Plan Seen as Return to 1940s U.S. Program

When Your $450,000 Aston Martin Has to Arrive Overnight