Moody's reported that its global speculative-grade default rate stood at 4.4% at the end of Q4'16, according to its own release. It sees the rate falling to 3.0% by December 2017. Moody's puts the historical average default rate at 4.2% since 1983. In 2016, the number of defaults totaled 142, the highest amount since 2009. The U.S. speculative-grade default rate stood at 5.6% at the end of Q4'16. It sees the U.S. rate falling to 3.8% by December 2017. The default rate on senior loans stood at 2....Read More
The estimated number of U.S. venture-capital-backed companies with a valuation of $1 billion or more, the highest number on record—as many find private funding readily available and see no rush to go public.
The price at which Hilton is selling its flagship hotel, the historic Waldorf Astoria in Manhattan, to a Chinese company—the steepest price tag ever for a U.S. hotel, brokers say.
(Does this remind you of the Japanese scooping up Manhattan real estate?)
The amount of money that workplace personality testing generates each year—a business that is growing by 10% to 15% a year, according to Hogan Assessment Systems, a Tulsa, Okla., testing company.
Did you have to take a test for your current job?
The estimated amount that German companies have spent to acquire U.S. companies so far this year, already exceeding how much they spent in every full year of the past two decades, according to Dealogic.
(Source: WSJ, Dealogic)
$17 billion The amount that German pharmaceutical company Merck will pay to acquire U.S. firm Sigma-Aldrich to strengthen its position in the life-science industry. (Source: WSJ)...Read More
The rise in median annual household income in 2013 to an inflation-adjusted $51,939, according to the Census Bureau in its latest snapshot of U.S. living standards—the first time it has increased in six years.
Is this a sign of improving economy and a change in trend?
The sum that Gerald Chan, a Harvard-educated investor, is donating to the university’s School of Public Health, the largest gift in the 378-year history of America’s richest university.
(That is what I call Philanthropy at its best, purely American style!)
U.S. households that struggled to put food on the table in 2013, according to the U.S. Department of Agriculture—a slight decrease from a year earlier.
The share of visas accounted for this year by Chinese investors in the EB-5 program, which allots 10,000 visas annually to foreigners who invest at least $500,000 in U.S. development projects.