US capital markets flex muscles with landmark deals

Calpine priced the fourth largest high-yield offering ever and Digital Theater Systems saw its stock soar nearly 50% in its first day's trading in a rare show of strength by US capital markets.

The two deals capped a strong week for investment banking, coming in the wake of the biggest convertible bond ever and a series of big-ticket merger and acqusition announcements.

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U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump