Morgan Stanley, CBRE Global Investors and Guggenheim Partners LLC are among eight contenders to buy or lease the parking system of Harrisburg, the insolvent Pennsylvania capital coping with more than $300 million in debt.
This week’s deaths included a Nobel Prize-winning economist who taught at the University of Chicago; a German art collector who kept a secret stash of prized works stolen from Jews by the Nazis; and a former heavyweight boxing champion and longtime friend of Muhammad Ali. Below are summaries of these and other obituaries from the past week.
Harrisburg, the Pennsylvania capital whose insolvency sparked a decision to default on some general-obligation bonds, got inquiries from Morgan Stanley and 13 other companies on buying or leasing its parking system.
Bond traders are giving Marfrig Alimentos SA a vote of confidence even as credit rating companies say they may downgrade Latin America’s second-largest beef producer following a $1.3 billion acquisition in the U.S.
The lockstep moves in global stocks that dominated equity markets for the past six years are breaking down at the fastest rate on record, a sign investor confidence is finally returning from the financial crisis.
Samsung Electronics Co. agreed to settle a patent-infringement case before the U.S. International Trade Commission over its flash-memory chips used in Apple Inc. ’s iPhone and Research In Motion Ltd .’s BlackBerry.