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The head of collateralized debt obligation research at Wachovia Securities was fired after he and the firm came to an impasse regarding the objectivity of his research, his lawyer stated.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

World Kitchen, which makes glass and ceramic cookware under various brands including CorningWare and Pyrex, is looking for a new owner.

A flood of new money coming into the market and solid borrower performance is fueling a red-hot secondary market.

Terrorism struck at the heart of the world's financial markets again this week, as four coordinated bomb attacks on public transport killed at least 50 people in the centre of London during the rush hour yesterday (Thursday) morning.

Premier Asset Management, a U.K. fund manager and savings product provider, has bought knock-out call options on the FTSE100 and Dow Jones Euro STOXX 50 for its latest capital-protected investment product.

The five-year credit-default swap spread of Medco Health Solutions widened last week after it looked like the prescription drug benefit manager would lose business from client UnitedHealth Group which is set to acquire PacifiCare Health Systems.

Three equity derivative sales staffers covering Germany at BNP Paribas in London have left the firm.

CIBC World Markets is considering pitching equity-linked inverse floaters to U.S. investors after the structure has taken off this year among Canadian high-net-worth and retail clients.

David Czerniecki, senior managing director and head of the global collateralized debt obligation platform at XL Capital Assurance, is leaving to take a position at XL Capital Investment Partners.

Warrants are expected to be introduced this year in China, a first step toward developing equity derivative products.