What’s In The News: January 20, 2012

The Wall Street Journal reports companies have sold $44.2B of high and low rated corporate bonds this year, the highest on record for the time period, according to Dealogic, as bond investors seek yields higher than Treasurys. The Wall Street Journal also reports American Airlines’ (PINK:AAMRQ) parent contributed just $6.5M by the January 15 deadline of the about $100M payment it was scheduled to contribute to the company’s employee pension plans, according to a federal agency. Reuters reports State Street Corp. (NYSE:STT), JPMorgan Chase (NYSE:JPM) and Ameriprise Financial (NYSE:AMP) are among the finalists bidding for Deutsche Bank’s (NYSE:DB) asset management division, sources say. Finally Reuters reports after overpaying for acquisitions in western Africa, Kinross Gold Corp. (NYSE:KGC) is becoming the cheapest gold-mining target anywhere, Bloomberg reports. The company sells for 76c per dollar of net assets, versus the industry median of 2.5 times.

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