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RECENT NEWS
The Hindu Business Line  Nov 26  Comment 
To safeguard the stock markets from any systemic risks arising out of trade and payment defaults, regulator SEBI is bringing in a new regulatory regime next week to ensure timely payment settlemen...
MarketWatch  Nov 24  Comment 
Caesars Entertainment Corp. said in a regulatory filing that it believes that UMB Bank's claim that it defaulted on certain senior secured notes is "meritless." The casino operator said UMB claims certain asset sales and transactions with...
Wall Street Journal  Nov 20  Comment 
Yahoo will become the default search engine on the Firefox browser for U.S. mobile and desktop users under a five-year partnership with Mozilla.
MarketWatch  Nov 19  Comment 
Yahoo said it would become the default search engine on Mozilla Corp.'s Firefox browser in the U.S. on mobile and desktop devices. Firefox is the third most popular browser behind Google's Chrome and Microsoft's Internet Explorer. Market Pulse...
Wall Street Journal  Nov 18  Comment 
Gun manufacturer Colt Defense LLC has struck an 11th hour deal with Morgan Stanley that removes the immediate threat of default and allows the company to make a November payment to its bondholders.




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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