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Foiled deal shows that the retail industry is toxic to creditors.
A pilot project last year put more pressure on plan administrators to find former employees—or their beneficiaries.
The slow pace of the negotiations is creating uncertainty for corporate treasuries.
Corporations put off expansion as they wait for legislation.
Comcast, 3M and Wal-Mart among those buying back debt.
Smart corporate treasurers are rethinking cash investment policies and counterparty risk frameworks held over from the too-big-to-fail era.
