JASON REED
A look at some must-read news on deals and deal makers around the world
Berkshire Hathaway sells $1.5-billion (U.S.) of bonds
Warren Buffett's Berkshire Hathaway is selling debt to lock in low rates and using the money to retire floating rate debt on a bet that it's not going to get better from here for bond yields, Bloomberg News reports.
Facebook finds a way to stay private
Facebook is all about being public for users, but for the owners, being private is the priority. The company's plan to raise more money by offering private shares, rather than going the initial public offering route, reflects that stance, the New York Times reports.
Canada's bond market tops global return
If it felt like Canada's bond market was hot in in 2010, that's because it was. The final numbers are in and a broad index of Canadian bonds handily outperformed a global benchmark, Bloomberg reports.
BMO No. 1 for equity underwriting, RBC takes bond crown
BMO Nesbitt Burns took top spot in Thomson Reuters annual league tables for stock underwriting, pushing RBC Dominion Securities, last year's No. 1, down to the No. 3 spot. On the bond side, RBC took the crown as usual. On the equity side, 2010 was all about oil and gas and mining, sectors that accounted for two-thirds of the activity, and helped push BMO over the top.
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