• Fitch Downgrades MS CDOs
  Fitch Ratings has downgraded 18 classes of Morgan Stanley Capital I 2005-RR, a static collateralized debt obligation that closed i...
• Insurance Commissioners Seek Model For CMBS Losses
  The National Association of Insurance Commissioners has issued a request for a financial model to be used to set regulatory capita...
• Adobe To Pay $240M For Day Software
  Adobe Systems will acquire Switzerland’s Day Software Holding for about $240 million.
• Avis Budget Bids $1.3B For Dollar Thrifty
  Avis Budget has offered $1.3 billion for Oklahoma car-rental operator, Dollar Thrifty.
• Fairfax Sells $250M Preferred Shares
  Fairfax Financial Holdings has completed its public offering of preferred shares, Series G in Canada.

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