Aerospace/Defense
News
Borrowings under the facility are subject to eligibility criteria, including approval of all loans used as collateral by Wells Fargo.
Greenhill will expand its operations with the opening of a new Chicago office, which will focus on industrial clients and other major Midwest-based companies and will be staffed in part by three former Lehman managing directors.
Select ratings downgrades and revised outlooks from Moody's and S&P.
US Bankruptcy Court Judge Robert Drain has granted Frontier Airlines motion to reject the contracts it held with the International Brotherhood of Teamsters.
Concerns about a slowing US economy and what it means for corporate America's profits have investors demanding more of a yield premium to hold corporate debt.
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Articles
President-elect Barack Obama has a full plate of challenges on the economic front, and how he handles them while trying to make good on campaign promises is sure to impact the way Wall Street dealmakers conduct business.
Last Monday, Ford announced that one of its autos was being driven in the latest James Bond film by the fictional spy's latest flame. Given where the company's shares are trading and the gloomy outlook about its future, Ford and Detroit's other two car makers may need James Bond to help them out of their precarious state.
The credit crunch has led investors to seek less risky investments, and many US institutional investors such as pension funds and insurance companies are turning to infrastructure projects.
While it's safe to say that no sector is immune from the essential collapse of the deal-making market, there is one that, from a more fundamental perspective, is hitting on most cylinders: technology.
Regardless of who occupies the White House after November, the consensus among market watchers is that the defense and aerospace sector will continue to draw government funding, making it one of the few areas that will likely generate any excitement among deal pros. It's one of the reasons Robert McKeon, who heads the defense and aerospace-focused Veritas Capital, remains one of the few dealmakers who can still manage a grin.
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