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UBS sells shares at deep discount in rights issue
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Headlines
)
UBS AG, the biggest European casualty of the subprime crisis, plans to sell new shares at a 31 percent discount to yesterday's closing price.
Hedgeweb - THU, MAY 22 2008
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Residential Capital LLC is fighting to avoid bankruptcy
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Business, Economy & Finance
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Residential Capital has said it may not be able to meet debt obligations unless it comes up with an additional $600 million by the end of June.
Hedgeweb - THU, MAY 22 2008
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AIG aims to raise more new capital
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Business, Economy & Finance
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American International Group (AIG) revealed it would raise about $20bn in new capital to protect its balance sheet.
Hedgeweb - WED, MAY 21 2008
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US economy in ??uncharted waters??
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Business, Economy & Finance
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The US economy is in ??uncharted waters,? Federal Reserve vice-chairman Don Kohn said on Tuesday, warning that both financial and economic recovery was likely to be slow.
Hedgeweb - TUE, MAY 20 2008
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