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Yahoo
30 minutes ago
- Yahoo
Brian Cox bemoans cancel culture
Brian Cox is "so against cancel culture". The 79-year-old actor has voiced his support for his "old friend" Kevin Spacey, who was exiled from the showbiz world in 2017 after he was accused of sexual misconduct and before he was acquitted at a trial in the UK in 2023. Brian told Sky News: "I am so against cancel culture. Kevin has made a lot of mistakes, but there is a sort of viciousness about it which is unwarranted. "Everybody is stupid as everybody else. Everybody is capable of the same mistakes and the same sins as everybody else." Spacey previously confessed to having been "too handsy" at times. But Brian thinks he could revive his acting career in the coming years. Asked if he could see a return to showbiz for Spacey, he replied: "I would think so eventually, but it's very tough for him. "He was tricky, but he has learnt a big lesson. He should be allowed to go on because he is a very fine actor. I just think we should be forgiving." Brian can't understand people who take joy in other people's misery. The veteran actor said: "What is the joy you get out of kicking somebody in the balls when they are down? That is what I cannot stand." Spacey previously opened up about his mistakes, confessing to being "too handsy" at times. During an appearance on Piers Morgan Uncensored, Spacey said: "[I was] pushing the boundaries ... being too handsy, you know. Touching someone sexually, in a way that I didn't know at the time that they didn't want." Asked if his behaviour amounted to groping, Spacey replied: "Yeah." The 66-year-old actor - who has enjoyed huge success on stage and screen - added: "I agree that the word grope is a very odd word. I personally ... I have caressed people. I have been gentle with people. That is the way that I am. "You're making a pass at someone, you don't want to be aggressive - you want to be gentle. You want to see if they're going to respond positively. So, I think the word itself is not a word that I associate with my experience."
Yahoo
38 minutes ago
- Yahoo
For US Companies, Europe Is Hard to Resist: Credit Weekly
(Bloomberg) -- Companies are increasingly looking to Europe to raise money cheaply, a shift that is turning out to be a near-term positive for US corporate debt. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind San Francisco in Talks With Vanderbilt for Downtown Campus Verizon Communications Inc. this week sold €2 billion ($2.31 billion) of debt, its first deal in the European market since early 2024. Earlier in July, FedEx Corp. and PepsiCo Inc. both sold debt in the common currency, their first offerings there since 2021. US companies have sold €116.3 billion ($134 billion) of debt in Europe this year, known as reverse yankee issuance, just €4.4 billion shy of an annual record with about five months left in the year. Some corporations, like FedEx and PepsiCo, are just refinancing euro debt that's maturing, but the aggregate figure is higher with good reason: the European Central Bank is in active rate cutting mode amid muted inflation pressures, while the US hasn't cut rates since December. 'From an issuer's point of view, it's less expensive to borrow in euros,' said Gordon Shannon, a portfolio manager at TwentyFour Asset Management. The outlook for US rates in the coming months is getting hazier. A report on Friday said job growth slowed sharply over the past three months and the unemployment rate rose, signaling the labor market is shifting into a lower gear and giving the Federal Reserve more leeway to cut rates. US Treasury yields dropped, but to levels seen in early July. Even with Friday's market moves, borrowing in Europe remains cheaper. For borrowers that hedge, that dynamic may change in the coming days. Even so, over time the shift is probably toward more company bond sales in Europe, according to Hans Mikkelsen, US credit strategist at Toronto-Dominion Bank's TD Securities. As the US continues to impose more tariffs on other countries, including fresh levies announced on Thursday, foreign investors may have a 'natural tendency' to buy less US corporate bonds in favor of Euro-denominated corporate debt, Mikkelsen said in an interview. That decrease in demand will lead companies to seek out investors where they are. 'It's a bit of a long-term structural development where you'll see more US companies ease into those other markets,' Mikkelsen said in an interview. 'There will be less demand for US corporate bonds and more demand for non-US corporate bonds. US companies will have the same issuance needs. So they have to realize that they have to fund themselves more in other currencies.' In addition to US companies looking to borrow in euros, European companies are increasingly shying away from borrowing in dollars. In July, reverse yankee issuance was about $9 billion, compared with $3 billion on average for the month over the prior three years, according to Mikkelsen. European companies, on the other hand, borrowed a little more than $2 billion in dollars in July, compared with $13 billion a month on average for the prior three years. Those shifts toward European issuance go a long way toward explaining why US dollar bond sales fell short of Wall Street dealers' forecasts last month, Mikkelsen wrote. Dealers had forecast sales of around $100 billion for July, while actual sales were closer to about $81 billion, according to data compiled by Bloomberg News. In the near term, anything that reduces selling volume, known as a technical factor, could help keep spreads on US high-grade corporate bonds relatively tight. At the same time, demand, also a technical factor, remains strong globally, with cash gushing into credit funds. US company debt faces a series of pressures now, but valuations for much of the past week were at their strongest level of the year, with spreads at just 0.76 percentage point as of Thursday's close. 'If you take this overarching trend of net supply being down, banks issuing less because of regulatory reform expectations as was the case this past quarter and more US companies are issuing in Europe, all that does is further reinforce the positive technicals in the US market,' according to John Servidea, global co-head of investment-grade finance at JPMorgan Chase & Co. Week In Review US leveraged-loan issuance reached a fresh record in July, as junk-rated borrowers flocked to the market largely to reprice debt, saving companies millions in interest expenses. Deutsche Bank has seen its league table rankings drop in leveraged finance, to no. 8 from no. 1 in 2014. The bank has gotten tangled up in a series of difficult deals, and has faced internal and regulatory pressure to shrink the business, according to people familiar with the matter. Centerbridge Partners joined the ranks of many alternatives managers that see accessing 401(k) retirement funds as a logical next step for private credit firms. But while many are welcoming a future where 401(k) retirement vehicles have access to private investments, Sixth Street Partners' Co-Chief Investment Officer Josh Easterly is urging caution. Chinese developer Fantasia Holdings Group Co. plans to release a new restructuring plan in the coming weeks after previous attempts fizzled, underscoring the years-long struggle of builders to move past an unprecedented property crisis. In the US investment-grade bond market, Lazard Inc. sold $300 million of notes to refinance debt maturing in 2027, while Sherwin-Williams Co. sold $1.5 billion in three tranches. In Europe, UK utility Southern Water Ltd. sold the biggest sterling corporate bond in nearly 18 months as it seeks to shore up its finances, while General Motors Financial Co Inc. and Severn Trent sold impromptu euro debt offerings. Harley-Davidson Inc. said it plans to sell a nearly 10% stake in its finance unit along with more than $5 billion of retail loans to KKR & Co. and Pacific Investment Management Co. Bloomberg had previously reported that the firms were in advanced talks. Wall Street has a familiar gripe about the bots that now handle a growing share of trading in the corporate bond market: they are there to buy and sell your bonds, right up until you really need them. In periods of severe market stress, these computer-driven programs have historically struggled to keep up, forcing traders to turn them off. But in April, the algos showed signs of learning to stay online even when volatility spikes. A UK carpet firm that once supplied the British royal family has been scrambling for months to manage its looming debt maturities. It found a solution in an unlikely place: US distressed debt funds. EchoStar Corp., the broadband company that's missed debt payments, is being pushed by federal regulators to sell some of its airwaves to address concerns it has failed to put valuable slices of wireless spectrum to use. Legal software provider Dye & Durham Ltd. launched a review of strategic options, including a potential sale, in a bid to maximize shareholder value after reaching a truce with one of its largest investors. On the Move Oliver Thym, a partner at Thoma Bravo, is leaving the firm after more than five years as its most senior credit executive. Thym, who oversaw Thoma Bravo's credit funds and strategic debt investments, will transition out of his role by the end of this year as the firm adds Jeff Levin and Kunal Soni who previously worked at Morgan Stanley. Oaktree Capital Management hired two executives from Bain Capital and Intermediate Capital Group as it builds out its Europe direct lending business. Alessandro Nuti, who worked at Bain for over seven years, is joining as a managing director, while Kieran Thind is joining from Intermediate Capital as a senior vice president. CoBank recruited Aimee Evans as syndicate head of sales, capital markets. Evans previously worked at BMO Capital Markets as a managing director, and spent about a decade at Bank of the West before it was acquired by BMO. Sumitomo Mitsui Banking Corp.'s head of loan origination for East Asia, Hong Kong-based Wami Ha, is retiring after more than 30 years working in the banking sector. Separately, SMBC appointed former Morgan Stanley managing director Joy Kwek as head of capital markets and solutions for Asia Pacific — a newly created role based in Singapore. --With assistance from Tasos Vossos. How Podcast-Obsessed Tech Investors Made a New Media Industry Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Russia Builds a New Web Around Kremlin's Handpicked Super App Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts What's Really Behind Those Rosy GDP Numbers? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Tyrant
42 minutes ago
- Geek Tyrant
Marvel Unleashes ALIEN VS. CAPTAIN AMERICA Comic Set in WWII — GeekTyrant
Marvel Comics is throwing Captain America into a terrifying new kind of battlefield against Xenomorphs. Announced at San Diego Comic-Con, the publisher has revealed Alien vs. Captain America , a four-issue limited series dropping this October from Frank Tieri and Stefano Raffaele. Yes, Steve Rogers is going to go toe-to-clawed-toe with one of cinema's most horrifying alien species, right in the heart of World War II. Following hot on the heels of Aliens vs. Avengers by Jonathan Hickman and Esad Ribić, this new crossover is Marvel's latest wild mash-up of superhero spectacle and sci-fi horror. Only this time, instead of high-tech Earth's Mightiest Heroes, it's Cap, his shield, and the Howling Commandos facing the acid-blooded nightmare. Marvel's official series synopsis reads: 'It's World War II and Hydra seeks a new weapon to defeat the Allies and win the war. To that end, the Red Skull has sent Baron Strucker on an expedition to the Himalayas to find the fabled city of Attilan. 'But instead of finding the Inhumans, Strucker uncovers something much more deadly. Much more... Alien. Can Captain America and the Howling Commandoes stop the Skull and his newfound xenomorph weapons... or will the First Avenger learn that in war-torn Europe... no one can hear you scream?' That right there tells you all you need to know. Hydra's hunt for ultimate power leads them straight into a nightmare and drags Cap into it with them. Tieri, clearly having the time of his life with this crossover, shared his excitement: "Ya know, sometimes a project comes along and you just have to pinch yourself that you get to be involved with it. 'I mean, here you have two of the most iconic properties in entertainment—Captain America, who is basically the ultimate hero, going against Alien, one of the ultimate names in horror." He went on to explain his vision for the series: "As a writer, what more can you ask for than that? Now I pitched this knowing I wanted it to be a period piece with WW2 as the backdrop because I knew it would give me so many fun elements to play with. 'Cap vs the Red Skull, Baron Strucker in the Himalayas looking for Attilan, Bucky interacting with the Howling commandos, Hydra using the Xenomorphs as weapons, etc." Tieri added: "We've got all that in the and more as fans can expect a nice mix of horror and heroics, and more than a few surprises thrown in for good measure." Fans can look forward to Alien vs. Captain America #1 this October, featuring a main cover by Leinil Francis Yu and a chilling foil variant by Dan Panosian. If you're into superheroes getting dropped into pure sci-fi terror, this series is shaping up to be something special. WWII. Xenomorphs. Red Skull. Cap. Let's go!
