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Apr/10

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EMI boss’ latest fumble hikes $4.5B default odds

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EMI boss’ latest fumble hikes $4.5B default odds
Even the pawnshop approach couldn’t help Guy Hands save his cash-strapped music company EMI. EMI’s effort to raise money by licensing its music rights to a rival recording company fell short yesterday, increasing the odds that it will default on more than $4.5 billion in bank loans…

Read more on New York Post

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