Guest Post: Economic consequences of speculative side bets – The case of naked CDS

By Yeon-Koo Che, Professor of Economic Theory at Columbia University, and Rajiv Sethi, Professor of Economics, Barnard College, Columbia University, cross posted from VoxEU The role of naked credit default swaps in the global crisis is an ongoing source of controversy. This column seeks to add some formal analysis to the debate. Its model [...]

Fitch Rates Alaska International Airport System's $174MM Revs 'A+'; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'A+' rating to Alaska International Airport System's (AIAS) approximately $174 million revenue refunding bonds series 2010 issued on parity with the system's outstanding debt. The issue consists of about $142 million for refunding outstanding bonds and about $32.5 million for financing the completion of a runway rehabilitation project that will ...

H&R Block Reports Fiscal 2011 First Quarter Results

KANSAS CITY, MO--(Marketwire - September 2, 2010) - H&R Block, Inc. ( NYSE : HRB )

Dollar Thrifty Automotive Group Increases 2010 Guidance

TULSA, Okla., Aug. 31 -- Dollar Thrifty Automotive Group, Inc. today provided an update on Corporate Adjusted EBITDA and fleet cost expectations for the full year of 2010. As part of the update, the Company noted that its previously announced revenue guidance remains unchanged.

Bombardier Announces Financial Results for the Second Quarter Ended July 31, 2010

MONTREAL, QUEBEC-- (Marketwire - Sept. 1, 2010) - Bombardier Inc. (TSX:BBD.A) (TSX:BBD.B)