Debt Consolidation News Aug 2008
Clorox Reports Q4 and Fiscal Year 2008 Results; Updates Fiscal 2009 Financial Outlook
OAKLAND, Calif.----The Clorox Company today announced results for its fourth quarter and fiscal year 2008, which ended June 30. For these periods, Clorox reported solid earnings results driven by strong top-line growth and cost savings. (Fri, 01 Aug 2008 12:30:00 GMT)
Education Benefits Double to $90,000 Under New GI Bill That Goes Into Effect Today
The new Post-9/11 GI Bill, which President Bush signed into law last month, goes into effect today, more than doubling veterans' educational benefits to $90,000 from about $40,000. (Fri, 01 Aug 2008 22:49:00 GMT)
Fed likely to "sit tight'' on interest rates Tuesday
But why? Here's what 5 local experts expect. (Sat, 02 Aug 2008 10:11:36 GMT)
SES Reports 13.5% Jump in First Half 2008 Net Profit Earnings Per Share Boosted By 40%
BETZDORF, Luxembourg----SES S.A., the pre-eminent satellite operator worldwide , reports financial results for the six months ended 30 June 2008. (Mon, 04 Aug 2008 06:00:00 GMT)
GFields vague on Venezuelan plans
Rusoro Mining is in the Venezuelan president's good books. But Gold Fields, its biggest shareholder, remains tightlipped about its future role in the group's strategy. (Mon, 04 Aug 2008 16:34:19 GMT)
Cost of a wrong turn: The Big Freeze part 2 – the future of banking
On Friday August 3 last year, as US financial markets were approaching the summer doldrums and bankers began to head off for holidays on Long Island or Cape Cod, Bear Stearns held a conference call for investors. (Mon, 04 Aug 2008 18:49:55 GMT)
Central European Distribution Corporation Announces Second Quarter 2008 Results; Net Sales up 57% and Operating Income ...
Central European Distribution Corporation today announced its results for the second quarter of 2008. Net sales for the three months ended June 30, 2008 increased by 57% to $421.3 million from the $268.6 million reported for the same period in 2007. (Mon, 04 Aug 2008 20:51:00 GMT)
Albany International Reports Second-Quarter Results
ALBANY, N.Y.----Albany International Corp. reported second-quarter net income per share of $0.20, after reductions of $0.47 from net restructuring charges, idle-capacity costs related to restructuring, and costs related to continuing performance-improvement initiatives. (Mon, 04 Aug 2008 21:30:00 GMT)
Middleburg Financial Corporation Announces 2008 Second Quarter Earnings
Middleburg Financial Corporation , , parent company of Middleburg Bank , today reported its financial results for the second quarter of 2008. (Tue, 05 Aug 2008 12:00:00 GMT)
Ocwen Financial Corporation Announces Second Quarter 2008 Financial Results
WEST PALM BEACH, Fla., Aug. 5, 2008 -- Ocwen Financial Corporation today reported income from continuing operations of $5.3 million for the second quarter of 2008 as compared to $27.4 million for the second quarter of 2007. (Tue, 05 Aug 2008 12:03:49 GMT)
Gloom deepens as lending slumps and borrowers fall into arrears
Mortgage lending slumped to a new low last month, raising fears that the slowdown in the housing market could be sharper than expected. (Tue, 05 Aug 2008 12:32:45 GMT)
Brightpoint Reports Second Quarter 2008 Financial Results
PLAINFIELD, Ind., Aug. 5, 2008 -- Brightpoint, Inc. reported its financial results for the second quarter ended June 30, 2008. Unless otherwise noted, amounts pertain to the second quarter of 2008. (Tue, 05 Aug 2008 20:00:00 GMT)
Alesco Financial Inc. Announces Second Quarter 2008 Financial Results
Alesco Financial Inc. , a specialty finance real estate investment trust, today announced financial results for the three-months and six-months ended June 30, 2008. (Tue, 05 Aug 2008 20:55:00 GMT)
Papa John's Reports Second Quarter Earnings
LOUISVILLE, Ky.----Papa John's International, Inc. today announced revenues of $283.4 million for the second quarter of 2008, representing an increase of 10.6% from revenues of $256.3 million for the same period in 2007. (Tue, 05 Aug 2008 21:06:00 GMT)
BGC Partners Reports Second Quarter 2008 Financial Results
NEW YORK----BGC Partners, Inc. , a leading global inter-dealer broker of financial instruments, today reported its financial results for the second quarter ended June 30, 20081. (Wed, 06 Aug 2008 00:52:00 GMT)
Business Tri-State: Neurologist joins KDMC medical staff
ASHLAND -- Neurologist Amanda Hamilton, M.D., has joined the medical staff at King's Daughters Medical Center. (Wed, 06 Aug 2008 03:20:10 GMT)
Magna Entertainment Corp. announces results for the second quarter ended June 30, 2008
Magna Entertainment Corp. today reported its financial results for the second quarter ended June 30, 2008. (Wed, 06 Aug 2008 03:24:00 GMT)
How to stay afloat
Australians are experiencing their own personal credit crunch and the impact is being felt well outside the low-income suburbs where people have always battled to pay the bills, let alone service a mortgage. (Wed, 06 Aug 2008 03:38:49 GMT)
Ambac Financial Group, Inc. Announces Second Quarter Net Income of $823.1 Million
NEW YORK----Ambac Financial Group, Inc. today announced second quarter 2008 net income of $823.1 million, or net income of $2.80 on a fully-diluted per share basis. This compares to second quarter 2007 net income of $173.0 million, or net income of $1.67 on a fully-diluted per share basis. (Wed, 06 Aug 2008 10:00:00 GMT)
Commerzbank Profit Rises on Tax Gain, Loan Revenue (Update5)
Aug. 6 (Bloomberg) -- Commerzbank AG , Germany's second-largest bank by assets, said profit in the second quarter rose 6.4 percent as a tax gain and higher revenue from lending offset debt-related writedowns. (Wed, 06 Aug 2008 16:15:21 GMT)
Commerzbank Profit Rises on Tax Gain, Loan Revenue (Update5)
Aug. 6 (Bloomberg) -- Commerzbank AG , Germany's second-largest bank by assets, said profit in the second quarter rose 6.4 percent as a tax gain and higher revenue from lending offset debt-related writedowns. (Wed, 06 Aug 2008 16:17:26 GMT)
Arkema: 2nd Quarter 2008 Results
Regulatory News: Arkema (Paris:AKE): -- +6.4% organic growth in sales(1), mainly driven (Thu, 07 Aug 2008 05:08:47 GMT)
Canadian Natural Resources Limited Announces 2008 Second Quarter Results
Canadian Natural Resources Limited - (Thu, 07 Aug 2008 09:33:00 GMT)
Omega Announces Second Quarter 2008 Financial Results and Second Quarter Adjusted FFO of $0.38 Per Share
TIMONIUM, Md.----Omega Healthcare Investors, Inc. today announced its results of operations for the quarter ended June 30, 2008. The Company also reported Funds From Operations available to common stockholders for the three months ended June 30, 2008 of $24.4 million or $0.33 per common share. (Thu, 07 Aug 2008 10:00:00 GMT)
QC Holdings, Inc. Reports Second Quarter Results
OVERLAND PARK, Kan.----QC Holdings, Inc. today announced results for the three and six months ended June 30, 2008. (Thu, 07 Aug 2008 11:00:00 GMT)
Sally Beauty Holdings, Inc. Reports Strong Third Quarter Results
Sally Beauty Holdings, Inc. (NYSE: SBH) (the "Company") today announced strong financial results for the third quarter ended June 30, 2008. The Company will hold a conference call today at 10:00 a.m. (Central) to discuss these results and its business. (Thu, 07 Aug 2008 11:36:49 GMT)
Warnaco Reports Second Quarter 2008 Results
The Warnaco Group, Inc. (NYSE: WRC) today reported results for the second quarter ended July 5, 2008. (Thu, 07 Aug 2008 12:20:08 GMT)
Centerline Holding Company Reports Second Quarter 2008 Financial Results
NEW YORK----Centerline Holding Company , the parent company of Centerline Capital Group, an alternative asset manager focused on real estate funds and financing, today announced financial results for the second quarter and six months ended June 30, 2008. (Thu, 07 Aug 2008 12:30:00 GMT)
Manulife Financial Corporation reports strong second quarter sales and increased shareholder dividends
PSE: MFC; SEHK: 0945 (Thu, 07 Aug 2008 12:57:00 GMT)
Path to the Printing Press
The path to the printing press is a long one. It is used at first to spread credit indiscriminantly in sustaining commerce and funding financial systems. (Thu, 07 Aug 2008 13:05:45 GMT)
Public Storage Reports Results for the Second Quarter Ended June 30, 2008
GLENDALE, Calif.----Public Storage announced today operating results for the second quarter ended June 30, 2008. (Thu, 07 Aug 2008 21:56:00 GMT)
Public Storage Reports Results for the Second Quarter Ended June 30, 2008
Public Storage (12738;NYSE:PSA) announced today operating results for the second quarter ended June 30, (Thu, 07 Aug 2008 22:08:34 GMT)
OCBC Group’s 2Q08 net profit falls 20% to S$425 million
Net Profit for the First Half Down 11% to S$1,047 million Interim Dividend of 14 cents per share Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) has reported a net profit attributable to sha (Fri, 08 Aug 2008 02:33:38 GMT)
UBS pushed to back NH student loans
The New Hampshire Higher Education Loan Corp. said yesterday it is seeking a letter of credit from UBS to use for student loans this fall. (Fri, 08 Aug 2008 04:12:35 GMT)
MI Developments announces 2008 second quarter results and departure of CEO
MI Developments Inc. today announced its results for the three and six months ended June 30, 2008. All figures are in U.S. dollars. (Fri, 08 Aug 2008 10:15:00 GMT)
Fortis Reports Second Quarter Earnings of $29 Million
Fortis Inc. recorded second quarter net earnings applicable to common shares of $29 million, or $0.19 per common share, compared to earnings of $41 million, or $0.31 per common share, for the second quarter of 2007. Year-to-date earnings applicable to common shares were $120 million, or $0.77 per common share, compared to earnings of $83 million, or $0.69 per common share, for the same period ... (Fri, 08 Aug 2008 11:00:00 GMT)
Fortis Reports Second Quarter Earnings of $29 Million
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR-- - Fortis Inc. recorded second quarter net earnings applicable to common shares of $29 million, or $0.19 per common share, compared to earnings of $41 million, or $0.31 per common share, for the second quarter of 2007. (Fri, 08 Aug 2008 11:00:01 GMT)
Grant Thornton Says Supplier Bankruptcy Risk High
Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. (Fri, 08 Aug 2008 12:30:00 GMT)
Canaccord Capital Inc. reports fiscal first quarter 2009 results
Canaccord Capital Inc.'s revenue for the first quarter of fiscal year 2009, ended June 30, 2008, was $172.7 million, down 29.8% from the record quarter a year ago. Net income for the first quarter was $16.5 million, down 57.8%, and diluted earnings per share of $0.31 was down 61.3% from the same period a year ago. (Fri, 08 Aug 2008 13:00:00 GMT)
Statement by the IMF Staff Mission on the 2008 Article IV Consultation and Discussions on an EPCA-Supported Program ...
An International Monetary Fund (IMF) mission team, headed by Mr. Mbuyamu Matungulu, visited Moroni during July 25-August 8, 2008. The mission conducted discussions on the 2008 Article IV consultation and on a program that could be supported by the IMF under the Emergency Post-Conflict Assistance (EPCA). (Fri, 08 Aug 2008 15:23:41 GMT)
AltaGas Utility Group Inc. Announces Record First Half of 2008 Results and a Quarterly Dividend of $0.045 Per Share
CALGARY, ALBERTA-- - The Board of Directors of AltaGas Utility Group Inc. today announced net income of $4.1 million for the six months ended June 30, 2008, compared to net income of $3.2 million for the six months ended June 30, 2007. (Fri, 08 Aug 2008 21:24:41 GMT)
Stressed with too many loans?
Consolidated debt fund is the answer for you if you are burdened with a whole lot of loan repayments from home loan EMIs to vehicle loans to credit card debt. (Sat, 09 Aug 2008 03:37:22 GMT)
Charles Brandes Buys Wachovia Corp., Bank of America Corp., Fidelity National Financial Inc., Sells BankUnited ...
Billionaire investor Charles Brandes has added significantly to his positions in financials. Is he seeing that things are tuning around? These are his buys and sells during the second quarter. Charles Brandes owns 201 stocks with a total value of $34.8 billion. (Sun, 10 Aug 2008 03:20:37 GMT)
Online networks tame high interest, risks of borrowing
Dae and Eagan: We need to borrow some money and don't know where to look. Are there any good options for people who need $5,000 or $10,000? (Sun, 10 Aug 2008 05:13:49 GMT)
Draft ministerial statement as submitted to the Lebanese Parliament by the national unity government
The government is committed to continuing implementing the economic revival program and will speed up sustainable development in what matches the capacities of the Lebanese economy and contributes to enhancing its productivity. (Sun, 10 Aug 2008 21:15:36 GMT)
Zhongpin Inc. Reports Record Second Quarter 2008 Results
Zhongpin Inc. , a leading meat and food processing company in the People's Republic of China , today reported financial results for the second quarter ended June 30, 2008. (Mon, 11 Aug 2008 12:00:00 GMT)
Barclays: Crisis in U.S. Is Creating Opportunities
Barclays PLC's president, Robert E. Diamond Jr., says that continued weakness in the U.S. banking environment could prompt him to soften his long-stated opposition to pursuing bank deals here. (Mon, 11 Aug 2008 15:53:39 GMT)
Strongco Announces Second Quarter 2008 Results
Strongco Income Fund today released financial results for the second quarter ended June 30, 2008. The Fund concurrently announced a suspension of monthly distributions, beginning with the month ended August 31, 2008. (Tue, 12 Aug 2008 05:07:00 GMT)
Refinance.com Builds Billion Dollar Online Mortgage Business Using Internap's Managed Server, Performance IP(TM) ...
ATLANTA----Internap Network Services Corporation , a global provider of end-to-end Internet business solutions, announced today its Managed Server, Performance IP™ Networking and Security solutions are powering the business expansion initiatives for Refinance.com, one of the foremost mortgage companies nationwide. (Tue, 12 Aug 2008 11:00:00 GMT)
Refinance.com Builds Billion Dollar Online Mortgage Business Using Internap's Managed Server, Performance IP(TM) ...
Internap Network Services Corporation (NASDAQ: INAP), a global provider of end-to-end Internet business solutions, announced today its Managed Server, Performance IP(TM) Networking and Security solutions are powering the business expansion initiatives for Refinance.com, one of the foremost mortgage companies nationwide. In business for nearly 20 years, Refinance.com is leveraging Internap's ... (Tue, 12 Aug 2008 11:24:38 GMT)
GigaMedia Q2: Revenues Up 31% to $52.5 Million Despite Seasonality
Financial Highlights for the Second Quarter of 2008 (Tue, 12 Aug 2008 11:54:00 GMT)
RONA Announces Results for Second Quarter 2008
RONA, the largest Canadian distributor and retailer of hardware, renovation and gardening products, announced a slight increase in its consolidated sales, which stood at $1,473.3 million in the second quarter of 2008, compared to $1,469.1 million in 2007. (Tue, 12 Aug 2008 12:23:00 GMT)
RONA Announces Results for Second Quarter 2008
BOUCHERVILLE, QUEBEC-- - RONA , the largest Canadian distributor and retailer of hardware, renovation and gardening products, announced a slight increase in its consolidated sales, which stood at $1,473.3 million in the second quarter of 2008, compared to $1,469.1 million in 2007. (Tue, 12 Aug 2008 12:24:01 GMT)
Conseco Reports Second Quarter Results
Conseco, Inc. today reported results for the second quarter of 2008. (Tue, 12 Aug 2008 13:00:00 GMT)
Prosper Releases Market Survey Results for July 2008
SAN FRANCISCO----Prosper, America's largest people-to-people lending marketplace, today released results for July 2008. For the first time, the survey includes statistics showing how borrowers who list and get funded in the Prosper marketplace indicate how they plan to use their personal loans. (Tue, 12 Aug 2008 21:50:00 GMT)
Prosper Releases Market Survey Results for July 2008
Prosper, America´s largest people-to-people lending marketplace, today released results for (Tue, 12 Aug 2008 21:53:44 GMT)
Grant Thornton Says Auto Supplier Bankruptcy Risk High
SOUTHFIELD - Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. At the same time, bankruptcy concerns for the Detroit Three domestic automakers are ... (Wed, 13 Aug 2008 00:54:29 GMT)
State files lawsuit on local mortgage firm
The state Attorney General’s Office announced Tuesday that a civil lawsuit has been filed against two mortgage companies, one of them a State College firm that it says made illegal telephone sales calls to consumers in at least 10 counties. (Wed, 13 Aug 2008 04:41:07 GMT)
Rolling other debts into your mortgage? Better think first…
IF you are juggling a mortgage, credit card debt and other loans – like many of us – then you might be finding it difficult to cope, particularly if the interest rates on your borrowings have increased. (Wed, 13 Aug 2008 10:07:42 GMT)
Gildan Activewear Announces Fiscal 2008 Third Quarter Results
Gildan Activewear Inc.(NYSE: GIL) today announced its financial results for its third fiscal quarter ended July 6, 2008. The Company also reconfirmed its most recent full year EPS guidance for fiscal 2008, which it had revised on April 29, 2008. (Wed, 13 Aug 2008 10:30:00 GMT)
Uranium One Announces Results for Q2 2008 and Appoints Jean Nortier as CEO
Uranium One Inc. today reported that Jean Nortier has been appointed President and Chief Executive Officer, as well as a director of the Company. Uranium One also announced another record production quarter of 767,100 pounds of UO for the second quarter of 2008, quarterly earnings from mine operations of $32.9 million and substantial progress at its US Operations. (Wed, 13 Aug 2008 11:00:00 GMT)
Dr Pepper Snapple Group Reports Second Quarter 2008 EPS of $0.42; Excluding Certain Items EPS was $0.60
Dr Pepper Snapple Group, Inc. reported second quarter 2008 earnings of $0.42 per share compared to $0.54 per share in the prior year period. (Wed, 13 Aug 2008 11:00:00 GMT)
Bankers Petroleum achieves record production, revenue, funds from operations and net income
Bankers Petroleum Ltd. is pleased to announce record production, revenue and funds from operations during the three months ended June 30, 2008. (Wed, 13 Aug 2008 12:00:00 GMT)
PRESS RELEASE: Hypo Real Estate Holding AG:Hypo -2-
PRESS RELEASE: Hypo Real Estate Holding AG:Hypo Real Estate Group continues to be profitable in Q2 Hypo Real Estate Holding AG / Half Year Results 13.08.2008 ... (Wed, 13 Aug 2008 16:22:00 GMT)
PAETEC Holding Corp. Releases Second Quarter 2008 Results
PAETEC Holding Corp. (721900;NASDAQGS:PAET) today announced second quarter 2008 financial and operating (Wed, 13 Aug 2008 20:53:29 GMT)
PAETEC Holding Corp. Releases Second Quarter 2008 Results
PAETEC Holding Corp. (NASDAQ GS: PAET) today announced second quarter 2008 financial and operating results, which included: (Wed, 13 Aug 2008 20:54:23 GMT)
Credit crisis 'far from over'; Merrill urges consolidation
The credit crisis is "broad, deep and global" and "far from over" for financial companies even after they reported $500 billion in write-downs and credit losses, Merrill Lynch & Co.'s chief investment strategist said. (Thu, 14 Aug 2008 08:27:58 GMT)
Platform bad debt causes Britannia profits to dip 40%
Britannia building society has posted a profit dip of 40% in the first half of 2008 mainly thanks to losses from its specialist intermediary lender Platform. ... (Thu, 14 Aug 2008 09:31:45 GMT)
Stella-Jones Reports Second Quarter Results: Recent Acquisition Drives Revenue and Earnings Growth
MONTREAL, QUEBEC-- - Stella-Jones Inc. is pleased to announce financial results for its second quarter and six-month period ended June 30, 2008. The Company reported strong growth in sales and net earnings driven by the contribution of The Burke-Parsons-Bowlby Corporation , acquired on April 1, 2008. (Thu, 14 Aug 2008 11:24:13 GMT)
Closures & Layoffs (Aug. 10-16): Thousands of Dealerships At Risk
In this week's issue: Double-digit declines in auto dealership ranks possible. Soft mattress economy. The two worst things you can be in right now. Plus we report on company closures and layoffs in: Connecticut, Kansas, Kentucky, Louisiana, Michigan... (Thu, 14 Aug 2008 13:04:10 GMT)
AirIQ Announces Second Quarter 2008 Results
AirIQ Inc., a leader in Wireless Location-Based Services, specializing in Telematics and Security, today announced the results of its second quarter 2008. (Thu, 14 Aug 2008 21:00:00 GMT)
Turbo Power Systems Inc. Announces Its Results for the Six Months and Quarter Ended 30 June 2008
CALGARY, ALBERTA-- - Turbo Power Systems Inc. : (Fri, 15 Aug 2008 06:00:25 GMT)
‘Frightening’ levels of debt as families besiege credit unions for big loans
THE value of loans Welsh families are borrowing from credit unions has increased by up to 50% in the space of a year as the credit crunch takes hold. (Fri, 15 Aug 2008 07:21:04 GMT)
Color of Money Live
Need advice about how to handle your personal finances? Whether the struggle is saving for retirement, organizing your bank files, or talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offers her advice and answers your tough questions. (Fri, 15 Aug 2008 08:21:08 GMT)
Metrobank net income down 24.3% in H1
Metropolitan Bank and Trust Co. (Metrobank) reported a 24.3-percent decline in net income, in the first semester of 2008 to P2.8 billion, as soaring inflation and high interest rates kept its income growth in check. (Fri, 15 Aug 2008 16:06:43 GMT)
Benpres incurs P647-M loss in 1st half
Higher expenses and foreign exchange losses weighed down on the first half financial performance of the Lopez family's Benpres Holdings Corp. as it incurred a P647-million net loss, reversing the P1.78 billion net profit reported in the same period last year. (Fri, 15 Aug 2008 16:06:43 GMT)
Wachovia to buy back auction-rate securities
Two more big financial institutions agreed on Friday to buy back auction-rate securities from customers after the market for those instruments imploded in February. (Sat, 16 Aug 2008 03:37:54 GMT)
Big lenders and life assurers should know better
First National Bank (FNB) has had a bit of a nightmare since the banking ombudsman, Clive Pillay, exposed that the bank was revisiting mortgage bonds granted in principle for properties in developments that have yet to be completed. This creates enormous risks for buyers, who stand to lose their deposits, and also for developers, who could find themselves without new buyers in the current ... (Sat, 16 Aug 2008 13:36:36 GMT)
Yoshiaki Fujimori Named Chairman, President and CEO of GE Japan
FAIRFIELD, Conn. & TOKYO----GE Chairman and CEO Jeff Immelt announced today that Yoshiaki Fujimori has been named chairman, president and CEO of GE Japan effective October 1. This position is in addition to his current role of leading GE Money Asia. (Mon, 18 Aug 2008 05:00:00 GMT)
Yoshiaki Fujimori Named Chairman, President and CEO of GE Japan
GE Chairman and CEO Jeff Immelt announced today that Yoshiaki Fujimori has been named chairman, president and CEO of GE Japan effective October 1. This position is in addition to his current role of leading GE Money Asia. Fujimori will be a dual report to Nani Beccalli, CEO and President, GE International and William H. Cary, President and CEO, GE Money. (Mon, 18 Aug 2008 05:22:05 GMT)
Don't bet on property yet
Although stable interest rates will soothe consumers' aches and pains, the residential property market is still in the recovery ward. (Mon, 18 Aug 2008 12:31:29 GMT)
California bank stocks: The herd gets thinned again
There's no middle ground left in the field of California-based publicly traded banks. (Tue, 19 Aug 2008 10:03:08 GMT)
Scotiabank, Bank of Montreal May Lead U.S. Charge (Update1)
Aug. 19 (Bloomberg) -- Canadian banks are starting to gain from the U.S. banks' pain. Lenders including Bank of Nova Scotia and Toronto-Dominion Bank spent a record $10 billion on U.S.-owned assets over the last year. (Tue, 19 Aug 2008 13:02:06 GMT)
Scotiabank, Bank of Montreal May Lead U.S. Charge (Update2)
Aug. 19 (Bloomberg) -- Canadian banks are starting to gain from the U.S. banks' pain. Lenders including Bank of Nova Scotia and Toronto-Dominion Bank spent a record $10 billion on U.S.-owned assets over the last year. (Tue, 19 Aug 2008 16:01:55 GMT)
IMF Executive Board Concludes 2008 Article IV Consultation with the Lao People's Democratic Republic
On July, 30, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Lao People's Democratic Republic. (Tue, 19 Aug 2008 16:55:16 GMT)
Debt Reduction for 20-Somethings
5 ways to stop paying interest before you turn 30. (Tue, 19 Aug 2008 18:02:51 GMT)
EurActiv.com - Future prospects for Turkey’s economy | EU - European Information on Enlargement & Neighbours
Confidence in Turkey’s long-term economic prospects is growing but further labour market reforms, increased spending on education, better transparency of public finances and a more credible monetary policy are required if the country is to maintain its recent impressive growth, according to Rauf Gönenç, the senior officer responsible for Turkey at the Organisation for Economic Cooperation and ... (Wed, 20 Aug 2008 08:58:42 GMT)
Blue Square - Israel Ltd. Reports Financial Results for the Second Quarter & First Half of 2008
Blue Square-Israel Ltd. today announced unaudited results for the second quarter and six months ended June 30, 2008. (Wed, 20 Aug 2008 10:12:00 GMT)
Survey Reveals One in Four Students Leave College With More Than $5,000 in Credit Card Debt
For college students, applying for a credit card to get a free t-shirt or other perk may seem harmless enough, but poorly managed finances during those college years can lead to significant debt and a bad credit score years after that t-shirt is worn and discarded. (Wed, 20 Aug 2008 13:00:00 GMT)
Sound Off! (Aug. 20)
The American public was led to believe that Iraqi oil would pay for the war, but the war is being paid with tax payer money. I think the public should know whose getting the oil money. (Wed, 20 Aug 2008 15:17:23 GMT)
Danier Leather Reports Fiscal 2008 Fourth Quarter and Year End Results
TORONTO, ONTARIO-- - Danier Leather Inc. today announced its consolidated financial results for the fourth quarter and fiscal year ended June 28, 2008. (Wed, 20 Aug 2008 18:45:43 GMT)
Forest City Closes $167 Million Financing for Downtown Brooklyn Residential Building
Forest City Enterprises, Inc. announced today that it's New York-based subsidiary, Forest City Ratner Companies, has closed on $167 million in construction financing for 80 DeKalb, a 335,000-square-foot residential building on DeKalb Avenue in downtown Brooklyn. (Wed, 20 Aug 2008 21:30:00 GMT)
Lone Star to Buy IKB, First German Subprime Casualty (Update4)
Aug. 21 (Bloomberg) -- Lone Star Funds, the Dallas-based private equity firm, agreed to buy IKB Deutsche Industriebank AG , Germany's first casualty of the subprime mortgage crisis, for less than one-third of the bank's market value a year ago. (Thu, 21 Aug 2008 12:26:31 GMT)
Lone Star to Buy IKB, First German Subprime Casualty (Update4)
Aug. 21 (Bloomberg) -- Lone Star Funds, the Dallas-based private equity firm, agreed to buy IKB Deutsche Industriebank AG , Germany's first casualty of the subprime mortgage crisis, for less than one-third of the bank's market value a year ago. (Thu, 21 Aug 2008 12:30:29 GMT)
Lone Star to Buy IKB, First German Subprime Casualty (Update1)
Aug. 21 (Bloomberg) -- Lone Star Funds, the Dallas-based private equity firm, agreed to buy IKB Deutsche Industriebank AG , Germany's first casualty of the subprime mortgage crisis, for less than 20 percent of what the government initially sought. (Thu, 21 Aug 2008 16:16:04 GMT)
Lone Star buys German bank IKB at a major discount
The price, less than €10 million, was far from the €800 million the German government had hoped to get and does little to compensate for the billions of euros invested in IKB over the past year to keep it afloat. (Thu, 21 Aug 2008 18:52:24 GMT)
DryShips Inc. Reports Second Quarter 2008 Results
DryShips Inc., a global provider of marine transportation services for drybulk cargoes, today announced its unaudited financial and operating results for the second quarter and first half ended June 30, 2008. (Fri, 22 Aug 2008 01:39:00 GMT)
Household debt animal not tamed yet - analysts
While the recent build-up of debt in South African households is alarming, there is no way of knowing how much worse it will get. (Fri, 22 Aug 2008 04:31:29 GMT)
WPP 2008 Interim Results
NEW YORK & LONDON----WPP today reported its 2008 Interim Results. Billings up 11.8% at £16.871 billion. Reported revenue up 14.3% to £3.339 billion and up 8.1% in constant currencies. (Fri, 22 Aug 2008 11:00:00 GMT)
Revised: DryShips Inc. Reports Second Quarter 2008 Results
DryShips Inc. (Fri, 22 Aug 2008 12:29:00 GMT)
Subprime Turmoil: What’s Old, What’s New, And What’s Next
The subprime crisis is the joint product of perverse incentives and historical flukes. This article explains why market actors made unrealistic assumptions about mortgage-backed securities and how various regulatory policies exacerbated the problem. The crisis will necessitate changes in monetary policy, regulation, and the structure of financial intermediation. (Fri, 22 Aug 2008 16:30:19 GMT)
FIMBank p.l.c. shares up after positive interim results
•The share price of FIMBank p.l.c. advanced US$5c4 to settle at the US$1.94 level. The turnover was strong as 183,174 shares were swapped across eighteen transactions. (Fri, 22 Aug 2008 18:03:02 GMT)
Real Estate Live
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty. (Fri, 22 Aug 2008 18:53:10 GMT)
Velan Inc. Reinstates Dividend and Reports its 2008 Financial Results
MONTREAL, QUEBEC-- - Velan Inc. reported financial results for the fiscal year ended May 31, 2008, with net earnings of $12.5 million, or $0.56 per share, compared to $18.4 million, or $0.82 per share in the preceding year. (Fri, 22 Aug 2008 19:47:29 GMT)
GE Money Announces the New Chevron and Texaco Visa(R) Credit Card
GE Money today announced the Chevron and Texaco Visa credit card, offering U.S. customers a compelling (Fri, 22 Aug 2008 20:38:06 GMT)
GE Money Announces the New Chevron and Texaco Visa(R) Credit Card
GE Money today announced the Chevron and Texaco Visa credit card, offering U.S. customers a compelling rewards structure, including: (Fri, 22 Aug 2008 20:54:46 GMT)
FIMBank p.l.c. shares up after positive interim results
•The share price of FIMBank p.l.c. advanced US$5c4 to settle at the US$1.94 level. The turnover was strong as 183,174 shares were swapped across eighteen transactions. (Sat, 23 Aug 2008 17:33:23 GMT)
Economy forcing many to let go of luxury toys
With paperwork in hand, Ashley Sparks set off in search of his newest target – a 2005 Winnebago motor home. Sparks, an adjuster for ABA Recovery Service, found the vehicle on a well-manicured street in Point Loma, surrounded by homes nearing the million-dollar mark. (Sun, 24 Aug 2008 13:10:46 GMT)
Crunch time: Set the crash-alert flags at half-mast
Sharp contractions in the money supply and recession are two spokes on the same wheel. When the money supply shrinks, there’s less economic activity, and the economy slows; it’s as simple as that. (Mon, 25 Aug 2008 05:07:34 GMT)
Ridley Inc. Reports Financial Results for Fiscal 2008 Fourth Quarter and Year-End
Ridley Inc. today reported its financial results for the fourth quarter and year ended June 30, 2008. All currency amounts are stated in U.S. dollars. (Mon, 25 Aug 2008 07:35:00 GMT)
Ridley Inc. Reports Financial Results for Fiscal 2008 Fourth Quarter and Year-End
MANKATO, MINNESOTA and WINNIPEG, MANITOBA-- - Ridley Inc. today reported its financial results for the fourth quarter and year ended June 30, 2008. All currency amounts are stated in U.S. dollars. (Mon, 25 Aug 2008 07:35:35 GMT)
A tough choice on oil
It's time either to get serious about developing alternatives to fossil fuels or to make nice with the government entities that now control most of the world's oil supplies and are reluctant or simply unable to develop them. (Mon, 25 Aug 2008 08:42:17 GMT)
Nigeria: Still On That $7 Billion Deposit With the Banks!
It is easy to conclude that the astronomical profits declared by the banks represent the dividend of the consolidation exercise. (Mon, 25 Aug 2008 12:36:40 GMT)
Monday's biggest gaining and declining stocks
Monday's biggest gaining and declining stocks (Mon, 25 Aug 2008 15:51:42 GMT)
(AFX UK Focus) 2008-08-26 05:59 PRESS DIGEST - Financial Times - August 26
LONDON, Aug 26 (Reuters) - BAE'S TURNER SAYS DEFENCE KEY TO UK'S INTERNATIONAL STANDING (Tue, 26 Aug 2008 05:35:51 GMT)
Is Denmark’s Roskilde Bailout a Harbinger of Deals to Come?
The Danish central bank bailout of regional lender of Roskilde Bank may signal the start of consolidation among the countries financial institutions, an analyst told The Wall Street Journal. (Tue, 26 Aug 2008 10:58:28 GMT)
Goway Travel & GE Money Set Sail With Finance Program
Goway Travel, a leading travel agency specializing in expeditions to Australia, New Zealand, the South Pacific, Asia and Africa and GE Money, today announced a multi-year agreement to offer the GE Money Travel finance program on Goway packaged tours, vacations and other travel-related expenses. (Tue, 26 Aug 2008 13:00:00 GMT)
Scotiabank earnings top $1 billion in solid third quarter
Earnings per share of $0.98 compared to $1.02 last year and (Tue, 26 Aug 2008 15:23:00 GMT)
PASAL Development S.A. - Consolidated EAT of EUR 1.97 mil. in the H1 2008
PASAL Development S.A. announces that the consolidated earnings after tax and minorities for the 1st half of 2008 amounted to 1.97 mil. euro from 3.9 mil. euro in the corresponding period of 2007. (Tue, 26 Aug 2008 15:26:00 GMT)
PASAL Development S.A. - Consolidated EAT of EUR 1.97 mil. in the H1 2008
- (Tue, 26 Aug 2008 15:27:00 GMT)
DEALTALK-TUI's Hapag-Lloyd sale faces choppy waters
(For more Reuters DEALTALK stories, please click [DEALTALK/ ]) (Wed, 27 Aug 2008 07:48:26 GMT)
CIBC Announces Third Quarter 2008 Results
CIBC announced net income of $71 million for the third quarter ended July 31, 2008, compared with net income of $835 million for the same period last year. Diluted earnings per share were $0.11, compared with diluted EPS of $2.31 a year ago. (Wed, 27 Aug 2008 12:09:00 GMT)
Financial management class offered
Martha Road Baptist Church understands that the American family is under attack today in many ways. The most obvious attack is the area of personal finances. With more than 1.5 million personal bankruptcies last year and the explosion of lending companies offering debt consolidation loans, it appears that our affluent culture is not quite that affluent after all. With more and more people using ... (Wed, 27 Aug 2008 19:11:20 GMT)
Columbus firm in magazine’s Hot 100
COLUMBUS - When Michael Eisenga started mortgage bank First American Funding in June 1999, he was not on anyone's list of up-and-coming businesses. (Thu, 28 Aug 2008 04:50:19 GMT)
VimpelCom Announces Second Quarter 2008 Financial and Operating Results
Open Joint Stock Company "Vimpel-Communications" , a leading provider of telecommunications services in Russia and the Commonwealth of Independent States today announced its financial and operating results for the quarter ended June 30, 2008. (Thu, 28 Aug 2008 10:39:00 GMT)
TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend
Reported diluted earnings per share were $1.21, compared with (Thu, 28 Aug 2008 11:30:00 GMT)
Masonite International Inc. Announces Second Quarter and First Half 2008 Results
MISSISSAUGA, Ontario----Masonite International Inc.: (Thu, 28 Aug 2008 11:30:00 GMT)
TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend
TD Bank Financial Group today announced its financial results for the third quarter ended July 31, 2008. Overall results for the quarter reflected solid earnings contributions from TDBFG's personal and commercial banking operations in both Canada and the United States and its Wealth Management segment, while the performance of Wholesale Banking was affected by continuing challenges in financial ... (Thu, 28 Aug 2008 11:30:00 GMT)
Financial management class offered
Martha Road Baptist Church understands that the American family is under attack today in many ways. The most obvious attack is the area of personal finances. With more than 1.5 million personal bankruptcies last year and the explosion of lending companies offering debt consolidation loans, it appears that our affluent culture is not quite that affluent after all. With more and more people using ... (Thu, 28 Aug 2008 15:33:52 GMT)
Why consider refinancing?
The interest rate on your mortgage is tied directly to how much you pay on your mortgage each month--lower rates usually mean lower payments. You may be able to get a lower rate because of changes in the market conditions or because your credit score has improved. (Thu, 28 Aug 2008 22:12:29 GMT)
Markets in Brief
Medtechnica says its board of directors has decided to give shareholders 50% of its annual profits, if not more, in dividends. In years that it's losing money, it may pay dividends (the height of the dividends paid the year before) from profits accrued over previous years. (Thu, 28 Aug 2008 23:09:16 GMT)
Maurel & Prom: H108: Sustained Activity & Promising Outlooks
A sustained activity (Fri, 29 Aug 2008 05:00:00 GMT)
Mano River Resources Inc.: Publication of Interim 2008 Accounts
LONDON, UNITED KINGDOM-- - The Board of Mano River Resources Inc. is pleased to release the Accounts of the Company for the financial quarter ended June 30th 2008, together with the Management Discussion & Analysis. (Fri, 29 Aug 2008 20:28:45 GMT)
Color of Money Book Club
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren, author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET. (Fri, 29 Aug 2008 21:31:40 GMT)
Market forces
B&B shares set to fall further | Rivals raise stake in Liberty | Woolies break-up touted (Sat, 30 Aug 2008 23:39:01 GMT)
Move over banks, Web sites link borrowers with individuals who lend money
NEW YORK - Social lending, person-to-person, is getting more attention as other sources of small loans dry up. Borrowers are looking for angels willing to make small business and personal loans. Angels gamble that they can find dependable people, make some money and have some fun. (Sun, 31 Aug 2008 05:42:29 GMT)
Move over banks, Web sites link borrowers with individuals who lend money
NEW YORK - Social lending, person-to-person, is getting more attention as other sources of small loans dry up. Borrowers are looking for angels willing to make small business and personal loans. Angels gamble that they can find dependable people, make some money and have some fun. (Sun, 31 Aug 2008 15:08:32 GMT)
