Drew Sweeney News Today

Rising interest rates are boosting risky corporate-loan returns instead of hurting them

Downtown asset management firm The TCW Group last week closed a $400 million collateralized loan obligation fund, its second such action of the year.

Total defaults this year exceed 2021 and 2022 combined in a market that is a critical source of financing for many companies.

Liverpool Township — An officer responded at 2:29 p.m. Sunday to the 2500 block of Lisbon Street to a suspicious person complaint. He had negative contact. — A 14-year-old Lisbon Street boy was arrested at 10:12 p.m. Monday on a charge of domestic violence, after allegedly assaulting his mother and a 10-year-old sibling. — A victim in the 1500 block of Shadyside Avenue reported at 10:30 a.m. Wednesday that someone had stole his catalytic converter of his vehicle around three weeks ago. We...