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Cisco’s M&A and buyback machine not working
Yankees prove they’re the Goldman Sachs of baseball
What does Buffett see in railways?
J&J finds merger-sized savings - in itself
ICBC should consider buying Standard Chartered

Considered view

03 Oct 2008 07:13

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What’s that noise?

By Robert Cyran AND Dwight Cass

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Context News

The amount of US commercial paper outstanding fell by $95bn last week to $1.6 trillion. This is a record drop.

The market for short-term debt saw a record fall in issuance last week. The market simply isn’t open to weak companies or for long maturities. One factor –Treasury issuance crowding out corporate borrowers – could prolong the pain.

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What’s that noise?

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