Major U.S. exchange chief urges SEC-CFTC merger

WASHINGTON, July 16 (Reuters) - The two main regulators of U.S. financial markets should merge, the chief executive of America's largest options exchange says in remarks to be delivered to a ...[more]

UPDATE 2-Continental CEO Kellner to leave, COO to succeed

* Kellner to head new private equity firm

* Continental's shares end down 1.8 pct (Adds background)

NEW YORK, July 16 (Reuters) - Continental Airlines Inc () said on Thurs ...[more]

CIT failure would chill US restaurant operators

* Small banks may help fill the gap

By Lisa Baertlein

LOS ANGELES, July 16 (Reuters) - A potential bankruptcy of CIT Group Inc () would be another blow to restaurant operat ...[more]

UPDATE 1-Sun Capital's Kellwood fails to renegotiate bonds

* Deadline for exchange offer extended to Friday

* Forbearance agreement beyond Friday

* Gives Deutsche Bank time to reverse position

NEW YORK, July 16 (Reuters) - ...[more]

Lenders seek help as Truvo considers debt options

Truvo, a poster child for the debt-fuelled private equity boom, was formerly known as VNU World Directories and was the first European leveraged buyout to feature US-style "covenant lite" lo ...[more]

Stanford receiver wants to hire private equity firm

Stanford receiver Ralph Janvey would like to hire Park Hill Group LLC, a unit of the Blackstone Group LP (), a lawyer for Janvey said in a filing in federal court in Dallas.

"The en ...[more]

Delphi has pact with lenders, GM-NYT

Delphi reached a tentative agreement early Thursday for a deal that would supersede one set with private equity firm Platinum Equity and GM, the New York Times said, citing people briefed on ...[more]

UPDATE 2-Athabasca to explore possible sale of co, shares soar

* Shares soar 42 percent in early trade (Adds dateline, details on proposal, background; In U.S. dollars, unless noted)

By Euan Rocha

TORONTO, July 16 (Reuters) - Athabasc ...[more]

FDIC proposals would deter capital -- Carlyle execs

Olivier Sarkozy and Randal Quarles, managing directors at Washington-based Carlyle, argued that any new policies put in place should "attract more capital to the banking system, not drive it ...[more]

India's JM Financial may launch $400 mln fund -exec
) is looking to launch a private equity infrastructure fund that aims to raise up to $400 million to tap into growing investor demand for the sector, an executive said on Thursday.

...[more]

UPDATE 1-Ineos wins approval for easier debt terms

LONDON, July 16 (Reuters) - British petrochemicals company Ineos [INEOSP.UL] secured the overwhelming support of lenders for new terms on its debt, the company said on Thursday.

The ...[more]

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