This firm went bust in 1991, when the market value of its junk-bond portfolio collapsed.
After the two companies were combined earlier in 2009, Sirius was out selling its junk bonds to very willing buyers who loved the deal.
FORBES: Ask Not What Karmazin Did For Sirius. Ask Instead What Sirius Did For Mel
As Forbes contributor Adam Hartung reported here, Hostess failed to reinvent its junk food product line and make it more enticing to health-conscious palates.
First, the e-mail marketer YesMail, owned by the Internet investor CMGI, sued after MAPS threatened to add them to the RBL. YesMail calls itself a "permission marketer, " meaning that its junk is not entirely unwanted.
He quit a year later--ahead of Drexel's collapse triggered by prosecution of its junk-bond operation--to do boutique-finance deals that eventually led him to Houston billionaire Robert McNair's Cogen Technologies (which sold most of its plants to Enron just before that giant's collapse).
Patrick refuses to say which banks her investment group is now going after but admits she picked a fight with the biggest kid on the block Bank of America and its junk-mortgage-riddled Countrywide Financial unit to send a message to the rest of Wall Street.
GM--its market share dropping like a heavy molecule, its bonds near junk, its vehicles piling up in dealer lots-is making its single biggest research bet on developing a hydrogen-powered car.
If KMV's model works and the market correction has nearly run its course, junk bonds are now a buy.
While piracy is a service problem, the REAL problem Hollywood suffers is that most of its output is junk.
If KMV's model works and if you think the market correction has nearly run its course, junk bonds are a buy now.
The largest remaining short-wave broadcaster, VOA says it has no plans to junk its transmitters: its short-wave audience has actually grown over the past decade in countries like Myanmar (where it claims a quarter of the adult population listens, and three-quarters in rural areas).
Moody's, a rating agency, has cut its credit status to a notch above junk, worried that measures to tackle its budget deficit will not last.
Now that its bonds are rated junk, they will be off limits to investors that buy only investment-grade debt.
The principal benefit is that it would help Clearwire reset its debt with lower interest rates and remove it from junk status bumping up against its credit limits.
FORBES: Softbank's Brilliant Buy One (Sprint), Get One Free Deal (Clearwire)
The growing worries about the debt crisis in Greece, which saw its credit rating downgraded to junk status last week, certainly qualifies as uncertainty.
The biggest insurance company in the world totters on the brink, and savings and loan giant Washington Mutual had its credit ratings cut to junk.
However, for the joint venture to succeed, Novell may need to junk some of its own products, such as its GroupWise messaging system, in favour of Netscape's versions.
Indeed, Vivendi's new credit terms are much tougher than they were before, which could in turn force credit ratings agencies to further downgrade its bonds, which hit junk status last week.
Its debt rating cut to junk status.
FORBES: Mission Accomplished: J.C. Penney Was The Most Interesting Retailer of 2012
As well as being highly geared, with its latest issue of debt rated by credit agencies as low as junk, Warner Music has accounting problems inherited from its former management.
In a blow to its prestigious image, auction house Sotheby's has had its debt rating downgraded to "junk" status.
Sharp, which has struggled amid falling sales and a rising yen, has had its credit rating cut to "junk" status.
BBC: Sharp issues survival warning as it forecasts huge loss
Its credit rating was downgraded to junk, and Messier was out.
In November, Sony suffered the ignominy of having its credit rating downgraded to "junk" by Fitch - indicating that the ratings agency has serious doubts about whether Sony will be able to repay its debts.
BBC: Sony sells Manhattan headquarters skyscraper for $1.1bn
Its credit rating has been downgraded by Moody's to "not prime" (a euphemism for junk) and it's losing its chief executive, Barry Tootell.
Hungary is one notch above so-called "junk" status, meaning its cost of borrowing could soar without help.
Within 24 hours its ratings were slashed four notches, to junk status, recalls Babar.
应用推荐