Unstructured Finance

Half empty glass

July 29, 2009

A pint of beer stands on the bar of a public house in Leeds, northern England October 13, 2008. REUTERS/Nigel Roddis (BRITAIN)The recent history of Britain’s eccentrically-named Slug & Lettuce pubs should make a sobering read for ambitious property investors with an eye on similar investments.

Keeping score: biotech, Chinese debt and European ECM

July 24, 2009

Here are some highlights from this week’s Thomson Reuters Investment Banking Scorecard.

Keeping score: UK targets, U.S. debt, industrial equity

July 17, 2009

If it’s Friday it must be Thomson Reuters Investment Banking Scorecard day. There’s a slogan for you. Anyway, here are the highlights:

Carrying a heavy burden

July 16, 2009

Library photo of farmers carrying paddy stalks during a harvest at a field in Deli Serdang district of the Indonesia's North Sumatra province June 30, 2009. Indonesia's statistics bureau has projected 2009 unmilled rice output to rise 1.13 percent to 60.93 million tonnes, or the equivalent of around 38 million tonnes of milled rice. REUTERS/Y.T Haryono (INDONESIA AGRICULTURE FOOD) British petrochemicals giant Ineos today announced it has received the overwhelming support of its lenders for proposals to ease the terms on much of its 7.5 billion euro debt load.

What is an asset worth if no-one wants to buy?

June 19, 2009

car-washValuation issues mean extra work for financial advisers as they try to restructure the debts of struggling European companies.

Check Out Line: Pier 1 profits despite falling sales

June 18, 2009

Check out how a little debt can help that bottom line.

Pier 1 posted a profit on Thursday, even though sales fell 9 percent overall and 7.5 percent at stores open at least a year.

“Big Loan”, big problem

June 15, 2009

Rob “Big Loan” Verrone was the banker with the big name behind the 2007 acquisition of now-bankrupt Extended Stay.

Keeping score: Rio, real estate, rising rates

June 12, 2009

This week’s Thomson Reuters “Investment Banking Scorecard” is out. Here are the highlights:

Chrysler lawyer’s e-mails show doubts on speed of deal

May 27, 2009

Opponents seeking to slow down Chrysler’s blitz through bankruptcy court received unexpected support for their argument on Wednesday: Chrysler’s lead attorneys. 
    An email that turned up during discovery showed that Jones Day attorneys tried to discourage the U.S. government from setting a June 15 deadline for completing a sale of most of the automaker’s assets to a group led by Fiat.
    A lawyer for a group of Indiana pension funds, which oppose the sale, read the email in court which showed Jones Day attorneys said the tight schedule would undermine the credibility of their case, called the time frame a mistake and said it would “stuff the judge” by forcing such a rapid hearing schedule.
    “The debtor lost that one,” said the Indiana fund’s attorney, Glenn Kurtz of White and Case, referring to Jones Day recommendation regarding the deadline.
    Judge Arthur Gonzalez overruled Jones Day attorneys who objected to entering the email, which the U.S. Treasury released during discovery, because it was not meant to be public and tapped into Chrysler’s legal strategy.

Keeping score

May 22, 2009

A course worker posts names on a scoreboard before the start of first round play at the 2009 Masters golf tournament in Augusta

A few nuggets from the weekly Thomson Reuters “investment banking scorecard”: