default

Japan, Australia Bond Risk Falls, Credit-Default Prices Show
March 12 (Bloomberg) -- The cost of protecting corporate bonds from non-payment fell in Australia and Japan, according to traders of credit-default swaps.
Fri, 12 Mar 2010 01:06:28 GMT - (Bloomberg)

Default Procedure in CDS Trades to Be Discussed at EU Meeting
March 11 (Bloomberg) -- Central clearing of derivatives including credit-default swaps will come under scrutiny as part of efforts to safeguard the European Union?s financial system in the wake of the credit crunch.
Thu, 11 Mar 2010 18:06:25 GMT - (Bloomberg)

Four Seasons' owners say deal ends loan default
The owners of San Francisco's Four Seasons Hotel said Wednesday they are no longer in default on a $90 million loan after joining forces with an investment partner who will take a significant ownership interest in the property. Millennium Partners has teamed...
Thu, 11 Mar 2010 08:40:20 GMT - (San Francisco Chronicle)

Credit Default Swaps Ban: Sarkozy, Merkel Propose Eliminating Some CDS Trades
What's Your Reaction? The letter, which Sarkozy's office released Thursday, also says the EU should consider banning speculative trading in credit default swaps and consider legislation to curb market abuses, and improve the safety of private derivative trading.
Thu, 11 Mar 2010 14:57:20 GMT - (The Huffington Post)

Silverstein May Default on Debt for 575 Lexington
March 10 (Bloomberg) -- New York developer Larry Silverstein , who teamed with the California State Teachers Retirement System to buy a 35-story skyscraper in 2006, now faces ?imminent default? on debt tied to the property, Fitch Ratings said today.
Thu, 11 Mar 2010 00:14:52 GMT - (Update2) (Bloomberg)

Four Seasons' owners say deal ends loan default
The owners of San Francisco's Four Seasons Hotel said Wednesday they are no longer in default on a $90 million loan after joining forces with an investment partner who will take a significant ownership interest in the property. Millennium Partners has teamed... Four Seasons Hotels and Resorts - United States - San Francisco - California - Metro Areas
Thu, 11 Mar 2010 04:10:19 GMT - (San Francisco Chronicle)

Foreclosures rise on default notices
A jump in default notices and trustee sales led to an increase in overall foreclosure-related activity in Washoe County for February, even as the number of actual bank-owned foreclosures fell.
Thu, 11 Mar 2010 09:43:21 GMT - (Reno Gazette-Journal)

Greek credit default swap plan fails
Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: Look in the mirror and don't blame market messengers for your debt woes. "It's fairly common for finance ministers and political leaders under threat to blame the speculators. But sometimes the speculators are ...
Thu, 11 Mar 2010 03:42:00 GMT - (People's Daily)

RoaDor Industries Ltd. Default Status Report & Change in Board of Directors
TORONTO, ONTARIO--(Marketwire - March 10, 2010) - RoaDor Industries Ltd. (the "Company") (TSX VENTURE:RDR) is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of February 3, 2010 (the "Default Notice"), the Company announced that it did not file its ...
Thu, 11 Mar 2010 01:24:41 GMT - (Marketwire)

Silverstein could default on midtown tower
Developer Larry Silverstein, who has been feuding with the Port Authority of New York & New Jersey over building towers at Ground Zero, faces imminent default on one of his existing office buildings: 575 Lexington Ave. The $325 million balance of the loan on the building, which Mr. Silverstein holds along with the California State Teachers Retirement System, was transferred to a special servicer ...
Wed, 10 Mar 2010 23:00:09 GMT - (Crain's New York Business)