Debt Consolidation News Nov 2008
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The financial crisis has upset the linkage between mortgage borrowers and capital markets and has revealed a number of important problems in our system of mortgage finance, including weaknesses in the structure and oversight of the GSEs and perhaps in the originate-to-distribute model of credit provision itself. (Sat, 01 Nov 2008 10:37:49 GMT)
Pearlstein: Outrage Over Wall St. Bonuses
Washington Post columnist Steven Pearlstein was online Friday, Oct. 31 at 11:00 a.m. ET to discuss the "outrage" over the bonuses at Wall Street firms that agreed to accept a government investment. (Sat, 01 Nov 2008 13:13:44 GMT)
Economic authorities paint bleak picture at HSU economic forum
Category: Local News Topics: (none) “We’ll have to rewrite the textbooks,” economics professor Erick Eschker said Wednesday. (Sun, 02 Nov 2008 07:44:36 GMT)
10 economic challenges for new president
No matter who wins the presidential election Tuesday, one of his most crucial and challenging jobs will be stabilizing the economy and re-engineering the financial system. I asked financial and economic experts what they would put at the top of the next... (Sun, 02 Nov 2008 07:51:42 GMT)
Students flee country to escape loan debt
With college tuition higher than ever, students in some extreme cases have fled the country amid mounting debt from student loans. "We understand that students are now taking on more debt than they ever have before," Bridget Curl, associate director of program administration and compliance in the Financial Aid office at ISU, said. (Mon, 03 Nov 2008 03:47:39 GMT)
Commerzbank is first private German bank to ask for cash injection
Commerzbank, the second-biggest German bank, took the plunge and said on Monday it would ask the government for 8.2 billion euros (10.5 billion dollars) in cash and 15 billion more in debt guarantees. (Mon, 03 Nov 2008 09:33:55 GMT)
Next big worry: Credit cards
Delaware jobs might hang in the balance (Mon, 03 Nov 2008 09:48:38 GMT)
Commerzbank is first private German bank to ask for cash injection
Commerzbank, the second-biggest German bank, has taken the plunge and said it would ask the government for 8.2 billion euros (10.5 billion dollars) in cash and 15 billion more in debt guarantees. (Mon, 03 Nov 2008 10:06:41 GMT)
DryShips Inc. Reports Third 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 third quarter and nine months ended September 30, 2008. (Mon, 03 Nov 2008 11:00:00 GMT)
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A graphic on Monday, October 3 incorrectly stated that students who live in Frats, Village, or Millbrook will vote at Our Lady of Lourdes Church. In fact, those students will vote at the adjoining Our Lady of Lourdes School. Student Life regrets the error. (Tue, 04 Nov 2008 05:53:48 GMT)
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View menus from Manhattan restaurants. Full story (Tue, 04 Nov 2008 05:53:58 GMT)
GrafTech Reports Third Quarter 2008 Results
GrafTech International Ltd. (NYSE:GTI) today announced financial results for the third quarter ended September 30, 2008. (Tue, 04 Nov 2008 12:52:55 GMT)
The Bailout: More Changes, More Questions
Some critics wonder if the financial rescue plan may prove more costly to taxpayers than expected and delay the financial stability it was supposed to foster (Tue, 04 Nov 2008 13:29:48 GMT)
Loans to clear debt need willpower
Dear Bruce: You have written in your column many times that you feel home-equity loans are a bad idea for debt consolidation. I see a lot of advertisements out there for companies promising to help people get out of debt. With a current income of $35,000, I have $17,000 in credit card debt and I am having difficulty meeting my monthly payments. (Tue, 04 Nov 2008 13:35:47 GMT)
Credit crisis cuts M&A activity in food industry
"Today it is very, very difficult to borrow money in the debt-market, it has all but dried up," says Peter Seary, a corporate partner at Shoosmiths solicitors that specialises in M&A in the food sector. (Tue, 04 Nov 2008 14:39:49 GMT)
Big private equity deals a thing of the past for food
The context for today's food business is tough: rising raw material costs, price inflation and energy costs are combining to put growing pressure on the margins for food and beverage firms. (Tue, 04 Nov 2008 14:40:00 GMT)
Papa John´s Reports Third Quarter Earnings
Papa John´s International, Inc. (NASDAQ: PZZA) today announced revenues of $280.0 million for (Tue, 04 Nov 2008 22:17:57 GMT)
Kingsway Reports Net Loss of $17.4 million in the Third Quarter
Kingsway Financial Services Inc. today announced its financial results for the third quarter and nine months ended September 30, 2008. The Company reported a net loss of $17.4 million or $0.32 per share diluted, primarily reflecting disappointing underwriting results and net realized losses, including the write-down of investments, which were partially offset by the gain on the sale of York ... (Wed, 05 Nov 2008 11:30:00 GMT)
Agrium Inc.: Third Quarter Earnings Seven Times Previous Year
ALL AMOUNTS ARE STATED IN U.S.$ (Wed, 05 Nov 2008 12:00:00 GMT)
Brightpoint Reports Third Quarter 2008 Financial Results
PLAINFIELD, Ind., Nov. 5, 2008 -- Brightpoint, Inc. reported its financial results for the third quarter ended September 30, 2008. Unless otherwise noted, amounts pertain to the third quarter of 2008. (Wed, 05 Nov 2008 12:00:00 GMT)
(AFX UK Focus) 2008-11-05 14:43 UPDATE 1-Spanish bank profits to be hit by bad debt -cenbank
By Andrew Hay (Wed, 05 Nov 2008 15:08:19 GMT)
(AFX UK Focus) 2008-11-05 14:43 UPDATE 1-Spanish bank profits to be hit by bad debt -cenbank
By Andrew Hay (Wed, 05 Nov 2008 15:09:14 GMT)
ABERTIS RECORDS A NET PROFIT OF 541 MILLION IN THE FIRST NINE MONTHS OF 2008
(Thu, 06 Nov 2008 08:16:33 GMT)
ABERTIS RECORDS A NET PROFIT OF 541 MILLION IN THE FIRST NINE MONTHS OF 2008
- The key figures for the Group have stabilised, reflecting the impact of the current economic climate and the consolidation of increased operating expenses by expanding the Group's consolidation scope. (Thu, 06 Nov 2008 08:17:00 GMT)
ABERTIS ANNUNCIA UN UTILE NETTO DI 541 MILIONI NEI PRIMI NOVE MESI DEL 2008
(Thu, 06 Nov 2008 10:31:43 GMT)
Watch List (Nov. 2-8): The List No One Wants To Be On
In this week’s issue: The list no one wants to be on: Largest 20 problem loans. Prudential Real Estate sees prolonged down cycle coming. Southern Cal landlord misses required principal repayment. DBSI hit with $2 billion securities fraud lawsuit.... (Thu, 06 Nov 2008 11:27:05 GMT)
How to Pay for an MBA
Lindsey Aponte, a first-year student at the University of North Carolina at Chapel Hill's Kenan-Flagler Business School, made all the right moves when it came to preparing her finances before entering the MBA program. (Thu, 06 Nov 2008 13:08:44 GMT)
Will Buying a Home Bankrupt Me?
Buying a new home can be a money pit, or it can be the best investment of your life. It all depends on whether you're smart about how you spend your dollars. (Thu, 06 Nov 2008 13:36:42 GMT)
3 'superbanks' now dominate industry
The financial crisis has resulted in a stunning consolidation that has left the nation with three dominant superbanks, raising questions about regulation and the impact on consumers. (Thu, 06 Nov 2008 13:52:04 GMT)
IMF approves 12.3 bln euro loan for crisis-hit Hungary
The International Monetary Fund said Thursday it had awarded a loan of 12.3 billion dollars (15.7 billion dollars) to Hungary to help the country combat negative fallout from the global financial crisis. (Fri, 07 Nov 2008 00:07:15 GMT)
Problems for Borrowers?
Should Jersey Home Loans be allowed to take deposits? That’s the question being asked today as islanders digest the news that the firm’s suspended lending. (Fri, 07 Nov 2008 07:39:46 GMT)
Presented By:
(Fri, 07 Nov 2008 10:51:22 GMT)
Hell, Meet Handbasket
Currently, we find ourselves in a mess that many are calling the most serious economic crisis since the Great Depression. If not worse. (Fri, 07 Nov 2008 20:14:17 GMT)
Michigan Debt Costs Surge on Weakening Auto Industry (Update1)
Nov. 7 (Bloomberg) -- Michigan's municipal bond yields have surged as investors demand higher yield premiums to compensate for risk of the faltering U.S. auto industry. (Fri, 07 Nov 2008 20:51:44 GMT)
Hell, Meet Handbasket
Currently, we find ourselves in a mess that many are calling the most serious economic crisis since the Great Depression. If not worse. A mile-high mountain of paper profits has been set ablaze and reduced to ashes, choking investors who put their faith in houses, stocks, or commodities, or… or… just about anything else you can name. (Sat, 08 Nov 2008 05:04:38 GMT)
Kristof: What to do with my retirement rollover?
Fees will take too big of bite out of your retirement savings. (Sun, 09 Nov 2008 06:08:06 GMT)
Demand For Debt Consolidation Expected To Rise Despite Rate Cut
Borrowers across the UK are still likely to face big debt repayment burdens despite the Bank of England's shock 1.5 per cent cut in interest rates, warns Credit Problems No Problem (www.creditproblemsnoproblem.co.uk). Demand for unsecured loans for debt consolidation will continue to rise despite the Bank slashing the base rate to 3.0 per cent, it is predicted. (Sun, 09 Nov 2008 07:01:00 GMT)
Family's goals: college funds, retirement
Samuel and Jaime Estrada have made putting their three daughters through college their financial priority. So far, with one daughter a year from graduating, the second with two years to go and their youngest to begin college in 2010, the Estradas have managed to use their cash flow to pay for tuition and living expenses without taking out any loans. (Sun, 09 Nov 2008 11:12:29 GMT)
Answers to readers' questions
Readers have asked a host of intriguing questions over the past month: what to do with a retirement-account rollover; how to take advantage of the government's new debt-forgiveness plan; whether to buy health insurance through a former company's plan or in the open market. Here are a few answers. (Sun, 09 Nov 2008 14:54:49 GMT)
Hell, Meet Handbasket
Protecting your assets is mandatory to keep yourself financially safe in these tough times. (Mon, 10 Nov 2008 06:00:00 GMT)
Nigeria: Reassessing the Financial System IV
The governor of the Central Bank, Professor Chukwuma Soludo, and president of the Chartered Institute of Bankers of Nigeria who is also CEO of Intercontinental Bank Plc, Erastus Akingbola, have been talking up the Nigerian banking system. (Mon, 10 Nov 2008 08:42:48 GMT)
Nigeria: Capitalism's Death Knell
The effect of the current global financial crisis is being felt by third world countries which produce primary commodities. (Mon, 10 Nov 2008 08:43:18 GMT)
Compton Petroleum announces third quarter results
Compton Petroleum Corporation announces its financial and operating results for the quarter ended September 30, 2008. (Mon, 10 Nov 2008 09:00:00 GMT)
Latvia May Rescue Other Domestic Banks, Moody's Orchard Says
Nov. 10 (Bloomberg) -- Latvia's banking regulator may need to rescue more domestic banks after taking over Parex Banka AS, the former Soviet republic's biggest bank by assets, Moody's economist Kenneth Orchard said. (Mon, 10 Nov 2008 16:27:09 GMT)
Mexican Financial Assoc Sees Tighter Credit Conditions In '09
MEXICO CITY -(Dow Jones)- Mexico's non-bank financial companies will likely pull back on lending next year amid rising loan defaults and slower economic growth, a top industry official said Monday. (Mon, 10 Nov 2008 21:17:41 GMT)
Commentary: Can a government bailout assure smooth sailing for Taiwan's DRAM industry?
Taiwan's lawmakers, economic officials and state planners held a meeting on November 10 with the purpose of developing a strategy to save the island's loss-making DRAM industry. However, the meeting has itself provoked another question: Could a government-backed bailout plan assure smooth sailing for the industry hereafter? (Tue, 11 Nov 2008 09:19:45 GMT)
RONA Announces Results for Third Quarter 2008
RONA (Tue, 11 Nov 2008 13:23:00 GMT)
RONA Announces Results for Third Quarter 2008
BOUCHERVILLE, QUEBEC-- - RONA (Tue, 11 Nov 2008 13:23:33 GMT)
Loans reach new depths
In late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group. (Wed, 12 Nov 2008 03:27:17 GMT)
Hypo Real Estate reports 3.1 billion euro loss in 3rd quarter
(BERLIN ) - German property lender Hypo Real Estate posted on Wednesday a third-quarter net loss of 3.1 billion euros (3.89 billion dollars) and said it expected more bad news by the end of the year. (Wed, 12 Nov 2008 09:38:37 GMT)
ING Canada Reports 2008 Third Quarter Results
ING Canada Inc. reported net operating income of $106.4 million or $0.88 per share for the quarter ended September 30, 2008 up from $95.4 million or $0.77 per share recorded in the same quarter of last year on improved underwriting performance. (Wed, 12 Nov 2008 10:50:00 GMT)
TARP Changes Colors
Paulson changes focus to pumping up banks. (Wed, 12 Nov 2008 20:46:48 GMT)
CBS 6 Answers Team responds to your questions!
Thanks to everyone who logged on to our first-ever CBS 6 Answers Team live web chat! Our team of local finance, mortgage, credit and job experts were happy to help answer your questions. Stay tuned for more from our Answers Team in the coming weeks. (Thu, 13 Nov 2008 04:44:40 GMT)
COLUMN-TARP and Fed facilities unravel: John Kemp
--John Kemp is a Reuters columnist. (Thu, 13 Nov 2008 12:24:06 GMT)
PAETEC Holding Corp. Releases Third Quarter 2008 Results
FAIRPORT, N.Y.----PAETEC Holding Corp. today announced third quarter 2008 financial and operating results, which included: Revenue of $406.1 million, which represented a 43.0% increase over third quarter 2007 revenue of $283.9 million; Adjusted EBITDA* of $57.8 million, which represented a 7.4% increase over third quarter 2007 adjusted EBITDA of $53.8 million; Net loss, including a preliminary ... (Thu, 13 Nov 2008 12:30:00 GMT)
PAETEC Holding Corp. Releases Third Quarter 2008 Results
PAETEC Holding Corp. (NASDAQ GS: PAET) today announced third quarter 2008 financial and operating results, which included: (Thu, 13 Nov 2008 12:53:17 GMT)
Bankers Petroleum announces third quarter financial and operational results and provides Kucova reserves and budget ...
Bankers Petroleum Ltd. achieved record production and net income and significantly improved its revenues and funds from operations during the period ended September 30, 2008: (Thu, 13 Nov 2008 13:00:00 GMT)
Loblaw Companies Limited reports third quarter 2008 results
2008 Third Quarter Summary (Thu, 13 Nov 2008 13:00:00 GMT)
Many Line Up for Cash, but Bailout Plan Falters
More than a month after the government began a financial rescue of Wall Street, many of the nation?s financial arteries seem as clogged as they were before. (Fri, 14 Nov 2008 03:04:27 GMT)
Turbo Power Systems Inc. Announces Its Results for the Nine Months and Quarter Ended 30 September 2008
CALGARY, ALBERTA-- - Turbo Power Systems Inc. : (Fri, 14 Nov 2008 07:00:07 GMT)
Many Line Up for Cash, but Bailout Plan Falters
As the government’s financial rescue enters a new phase, Wall Street and many ordinary Americans are wondering the same thing: Is any of this working? (Fri, 14 Nov 2008 12:36:55 GMT)
Wilbur Ross Says GM Bankruptcy Filing Would Be a `Total Mess'
Nov. 14 (Bloomberg) -- Investor Wilbur Ross , who made billions turning around distressed steel and textile companies, said a Chapter 11 filing by General Motors Corp. (Fri, 14 Nov 2008 12:44:15 GMT)
Wilbur Ross Says GM Bankruptcy Filing Would Be a `Total Mess'
Nov. 14 (Bloomberg) -- Investor Wilbur Ross , who made billions turning around distressed steel and textile companies, said a Chapter 11 filing by General Motors Corp. (Fri, 14 Nov 2008 12:57:04 GMT)
Many Line Up for Cash, but Bailout Plan Falters
More than a month after the government began a financial rescue of Wall Street, many of the nations financial arteries seem as clogged as they were before. (Fri, 14 Nov 2008 13:01:04 GMT)
Centerline Holding Company Reports Third 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 third quarter and nine months ended September 30, 2008. (Fri, 14 Nov 2008 13:30:00 GMT)
Pure Energy Services Ltd. Announces Fiscal and Operating Results for the Third Quarter Ended September 30, 2008
CALGARY, ALBERTA-- - Pure Energy Services Ltd. (Fri, 14 Nov 2008 13:49:13 GMT)
Eurazeo: Consolidated Revenues for the First Nine Months of 2008: EUR 3,107.9 million
Regulatory News: Eurazeo (Paris:RF): -0- *T Consolidated 2008 2007 Change 2007 Change revenues (Fri, 14 Nov 2008 19:30:54 GMT)
Eurazeo: Consolidated Revenues for the First Nine Months of 2008: EUR 3,107.9 million
(Fri, 14 Nov 2008 19:34:06 GMT)
Many Line Up for Cash, but Bailout Plan Falters
More than a month after the government began a financial rescue of Wall Street, many of the nation?s financial arteries seem as clogged as they were before. (Fri, 14 Nov 2008 21:41:14 GMT)
Deepwell Announces Financial Results for the Three Months and Nine Months Ended September 30, 2008
CALGARY, ALBERTA-- - Deepwell Energy Services Trust is pleased to release its financial and operating results for the three-month and nine-month periods ended September 30, 2008. Deepwell continues to work on improvements to its performance in the third quarter of 2008. (Sat, 15 Nov 2008 00:46:43 GMT)
More Economy Pages
The U.S. auto industry is in dire need of a shakeup. All of the Big Three are beset by plummeting sales and market share, high labor costs, aging fleets, and a surfeit of innovative automobiles in the pipeline. (Sat, 15 Nov 2008 15:26:46 GMT)
Many line up for cash, but bailout plan is faltering
As the U.S. government's financial rescue enters a new phase, Wall Street and many ordinary Americans are wondering the same thing: Is any of this working? (Sun, 16 Nov 2008 07:06:31 GMT)
Help from friends
Good credit and a stable job should have been enough for Matt Schilling to get a low interest rate on a bank loan to fix his Jeep. Despite the tough economy, the 27-year-old figured he would find an affordable note with ease. Schilling wanted to replace a blown engine. (Sun, 16 Nov 2008 07:44:42 GMT)
Financial Focus: There are still ways to consolidate your debt
Q: As credit tightens, what options are available to consolidate debt? What are some of the safest ways for consumers to consolidate debt? (Sun, 16 Nov 2008 19:46:16 GMT)
EUROTECH S.p.A : INTERIM MANAGEMENT STATEMENT AT 30 SEPTEMBER 2008
- Consolidated revenues: +25% from EUR 50.22 million to EUR 62.81 million (Mon, 17 Nov 2008 06:47:00 GMT)
EUROTECH S.p.A : INTERIM MANAGEMENT STATEMENT AT 30 SEPTEMBER 2008
(Mon, 17 Nov 2008 08:16:44 GMT)
Bank Stocks `Ignoring' Debt-Market Rebound, Morgan Stanley Says
Nov. 17 (Bloomberg) -- The KBW Bank Index's retreat to a 12-year low last week may signal investors in U.S. financial stocks are ``ignoring'' an improvement in credit markets since October that's unlikely to reverse, according to Morgan Stanley. (Mon, 17 Nov 2008 10:08:27 GMT)
Recent college graduates fight load of debt
Loan consolidation options are more limited now than they were for students who graduated college a few years ago. The U.S. Department of Education is nearly the only loan consolidator in the nation as many lenders have suspended consolidations because of the credit crunch. (Mon, 17 Nov 2008 15:36:52 GMT)
First Gen's Q3 profit down
Power producer First Gen Corp. reported a 64 percent drop in its net income to $35.6 million in the third quarter from $99.1 million in the same period last year, primarily driven by an increase in interest and financing costs resulting from debt incurred for the purchase of its controlling stake in Energy Development Corp. (EDC). (Mon, 17 Nov 2008 16:03:38 GMT)
Student-loan consolidation choices shrink
Kari Schoeneweis will face more than $60,000 in student loan debt when she graduates from Carlow University in spring. he plans to do what her older siblings did and consolidate her loans to reduce the monthly payments. (Tue, 18 Nov 2008 05:05:26 GMT)
Athens Township: ATA Prez.: Debt consolidation could eliminate VJSA upgrade impact
The Athens Township Sewer Authority is currently looking to refinance a number of loans in its possession, which could ultimately eliminate any impact felt in the sewer rates of Athens Township customers by the mandated upgrade of the Valley Joint Sewer Plant, according to ATA President Dave Steiner. (Tue, 18 Nov 2008 05:31:39 GMT)
MORE REQUESTS FOR AID: Suppliers want share of rescue
Auto suppliers are seeking part of the $700 billion from the government's Troubled Asset Relief Program, or any federal loan dollars the industry can secure, and are headed to Capital Hill this week to testify that U.S. jobs could be at risk without the money. (Tue, 18 Nov 2008 08:21:44 GMT)
Bay Area job losses likely in Citigroup layoffs
Financial giant Citigroup Inc. announced plans Monday to cut more than 50,000 jobs - a tidal wave of layoffs that will probably reach the Bay Area, where it is the third-largest retail bank. The reductions, which will leave Citi about 20 percent smaller, are... (Tue, 18 Nov 2008 08:45:47 GMT)
GigaMedia Q3: Net Profit Up 24% to $12.0 Million
Financial Highlights for the Third Quarter of 2008 (Tue, 18 Nov 2008 12:57:00 GMT)
Get a Deep Insight into the World Banking Market Brief
NEW YORK----Reportlinker.com announces that a new market research report related to the Financial services industry is available in its catalogue. (Tue, 18 Nov 2008 12:59:00 GMT)
JPM Tussles Over Wamu Loans Sold to Freddie
A dispute between JPMorgan Chase & Co. and Freddie Mac suggests that the continuing consolidation in banking may complicate the government-sponsored enterprises' growing efforts to make lenders buy back faulty loans. (Tue, 18 Nov 2008 17:02:53 GMT)
U.S. auto execs plead for Congress to fund bailout
U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout. (Wed, 19 Nov 2008 04:30:16 GMT)
Bank chief: Economy will worsen before it improves
The head of Bank of America Corp. said Tuesday the country is in a recession and won't see a turnaround until the crisis in the housing market ends. (Wed, 19 Nov 2008 08:30:34 GMT)
hedline
Shop around for new insurance quotes Annual savings: $175 Consumer Reports ran the numbers in an article this summer and found that the average person can save about $175 by calling around for new bids on auto and life insurance policies. CR reporter Jeff Blyskal says it's one of the best ways there is to pare household expenses. (Wed, 19 Nov 2008 08:37:50 GMT)
Bank of America Sees Record Credit Card Losses
Bank of America Chief Executive Kenneth Lewis said on Tuesday the U.S. economy will get worse before it improves, and forecast record losses for the U.S. credit card industry. (Wed, 19 Nov 2008 11:53:05 GMT)
IMF, Nordic Neighbors Agree Billion-Euro Loans for Iceland
Iceland's Nordic neighbors and the International Monetary Fund (IMF) have agreed loans of over two billion euros to keep the North Atlantic island nation afloat after the credit crunch laid waste to its banking sector. (Thu, 20 Nov 2008 10:49:16 GMT)
IMF, Nordics pledge $4.6 billion loans to Iceland
Four Nordic countries and the International Monetary Fund on Thursday pledged a combined $4.6 billion (euro3.64 billion) in loans to help Iceland recover from its economic meltdown. (Thu, 20 Nov 2008 12:01:54 GMT)
IMF, Nordics pledge $4.6 billion loans to Iceland
Four Nordic countries and the International Monetary Fund on Thursday pledged a combined $4.6 billion (euro3.64 billion) in loans to help Iceland recover from its economic meltdown. Finland, Sweden, Norway and Denmark said they would lend the cash-strapped... (Thu, 20 Nov 2008 12:30:59 GMT)
IMF and Nordic countries pledge US$4.6 billion in loans to Iceland
HELSINKI, Finland - Four Nordic countries and the International Monetary Fund on Thursday pledged a combined US$4.6 billion in loans to help Iceland recover from its economic meltdown. (Thu, 20 Nov 2008 12:43:00 GMT)
ECONOMY: IMF, Nordics pledge $4.6 billion loans to Iceland
HELSINKI, Finland -- Four Nordic countries and the International Monetary Fund on today pledged a combined $4.6 billion in loans to help Iceland recover from its economic meltdown. (Thu, 20 Nov 2008 12:47:50 GMT)
GMAC applies to become bank holding company, qualify for federal aid
This firm entered into unfamiliar business, home refinance consolidation loans, retail department store inventory financing,home financing, … read more and they entered at a time that homeowners and department stores were already in trouble. What were they thinking. (Thu, 20 Nov 2008 13:00:35 GMT)
Working to Thaw Credit Markets: Social Lending Site LendingClub.com Facilitates $20 Million in Loans to Its Members
SUNNYVALE, Calif.----As an alternative to traditional financial institutions, LendingClub.com, an online social lending network where people can borrow money at attractive interest rates, announced that it has facilitated the origination of more than $20 million in loans to borrowers since launching in May 2007. (Thu, 20 Nov 2008 13:02:00 GMT)
Swedish Banks Shun Government Plan, Riling Ministers (Update1)
Nov. 20 (Bloomberg) -- Nordea AB , Svenska Handelsbanken AB and SEB AB, Sweden's biggest banks, are drawing fire from government officials for shunning the state's plan to bolster the financial system by guaranteeing their debt. (Thu, 20 Nov 2008 13:31:04 GMT)
IMF, Nordics pledge $4.6 billion loans to Iceland
Four Nordic countries and the International Monetary Fund on Thursday pledged a combined $4.6 billion (euro3.64 billion) in loans to help Iceland recover from its economic meltdown. Finland, Sweden, Norway and Denmark said they would lend the cash-strapped Atlantic island nation $2.5 billion, while the IMF approved a $2.1 billion support package announced earlier. "We stress that, as ... (Thu, 20 Nov 2008 17:21:44 GMT)
Demand for student loans on the rise; cash is short
Carlos Richardson , a sophomore studying psychology at Austin Community College, hasn't had to take out student loans — yet. (Sat, 22 Nov 2008 02:32:23 GMT)
Help From Friends Boosts Loan-Challenged
LendingClub.com is one of a handful of online groups known as "peer-to-peer" lenders -- P2P in industry jargon -- where individuals decide to whom they will make personal loans, most of them unsecured. The growing sector last year accounted for $647 million in loans, and some analysts predict it will approach $5.8 billion by 2010. (Mon, 24 Nov 2008 12:04:35 GMT)
Fed Must Speed Aid to Auto Credit Units, Schumer Says (Update2)
Nov. 24 (Bloomberg) -- The Federal Reserve should speed access to the $700 billion bank-bailout fund for automakers’ finance units to help General Motors Corp., Ford Motor Co. and Chrysler LLC boost sales, Senator Charles Schumer said. (Mon, 24 Nov 2008 21:22:49 GMT)
Background Note: Republic of the Congo
Geography Area: 342,000 sq. km (132,000 sq. mi.); slightly larger than New Mexico. Cities: Capital --Brazzaville (pop. 800,000). Other cities --Pointe-Noire (450,000), Dolisie (150,000). (Tue, 25 Nov 2008 02:47:49 GMT)
Signet Reports Third Quarter Results
Signet Jewelers Ltd , the world's largest specialty retail jeweler, today announced its third quarter unaudited results for the 13 and 39 weeks to November 1, 2008. (Tue, 25 Nov 2008 12:30:00 GMT)
Large shocks await Asia
DESPITE its strong fundamentals, Asia is in for “large shocks” said an official of the International Monetary Fund (IMF). (Tue, 25 Nov 2008 14:00:53 GMT)
World Facing Shortage Of Large Animal Veterinarians
UNIVERSITY PARK, Penn. -- The United States is facing a shortage of large-animal veterinarians that could jeopardize the nation's food supply, and result in diseases spreading from animals to humans, according to a veterinary scientist in Penn State’s College of Agricultural Sciences. (Tue, 25 Nov 2008 14:21:55 GMT)
BHP's Rio deal collapse bad omen for M&A banking
The collapse of BHP Billiton's $66 billion (43 billion pound) takeover of Rio Tinto robs bankers of one of the few chunky deals left as their business crumbles in the wake of the credit crisis. (Tue, 25 Nov 2008 14:55:00 GMT)
Class action on lenders moves ahead
JONESBORO — Circuit Judge David Burnett of Osceola will apparently carry an 8-year-old lawsuit over second-mortgage loans into his retirement. Burnett is presiding over the class-action suit that was originally filed in February 2002 in Greene County Circuit Court. (Tue, 25 Nov 2008 15:17:37 GMT)
First signs of consolidation in ethanol industry
NEW YORK - Wall Street showed some signs of stability today as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following... (Tue, 25 Nov 2008 15:24:13 GMT)
Another up day for small caps on credit rescue optimism
The Russell 2000 closed up 1.46% and is now down 42% for the year. (Tue, 25 Nov 2008 21:30:31 GMT)
Deal collapse bad omen for M&A banking
The collapse of BHP Billiton's takeover of Rio Tinto robs bankers of one of the few chunky deals left as their business crumbles. (Tue, 25 Nov 2008 22:34:53 GMT)
BHP blames Alcan debt, cancels Rio takeover
Move by miner ends year-long battle; credit crisis made deal tough to swallow (Wed, 26 Nov 2008 03:13:45 GMT)
MINING FINANCE / INVESTMENT
The withdrawal of BHP from its bid for Rio Tinto suggests it may take years for banks to recover major M&A business as debt problems remain to the fore. (Wed, 26 Nov 2008 08:51:19 GMT)
Nigeria: Legal Implications of Share Buybacks (Two)
The Nigerian Capital Market has witnessed tremendous growth in the last couple of years under a very auspicious environment with many publicly quoted companies and especially banks (further to the CBN consolidation exercise) showing very impressive performances, with high cash balances, low debt levels and strong cash flows. (Wed, 26 Nov 2008 11:07:02 GMT)
BHP blames Alcan debt, cancels Rio takeover
In the strongest sign yet of collapse in the once-mighty mining sector, BHP Billiton Ltd. has abandoned its blockbuster takeover offer for Rio Tinto PLC , blaming mounting concerns about the $40-billion (U.S.) debt load Rio took on to buy Canada's aluminum giant, Alcan. (Wed, 26 Nov 2008 11:14:59 GMT)
The right time to tap into home equity to pay bills
Our Smart Money expert, syndicated radio host Bruce Williams, weighs the good and the bad with tapping into home equity to pay other debts. (Wed, 26 Nov 2008 12:50:25 GMT)
Merkel Blames German Banks Amidst Criticism Over Budget
German Chancellor Angela Merkel defended her economic policies as the German parliament, the Bundestag, continues to debate the country's 2009 budget. She said enough aid is there, but it's not being used. (Wed, 26 Nov 2008 15:06:02 GMT)
INVESTORSOFFSHORE.COM
Many hedge funds will be forced to close and there will be significant consolidation because of market conditions and unprecedented changes to the regulatory landscape according to a new report by Watson Wyatt, a leading global consulting firm. (Thu, 27 Nov 2008 04:14:31 GMT)
Elect To Improve Your Credit Rating For 'Bad Credit' Loans Online
Record voting like the turnout for the presidential election of Barack Obama is not just good for democracy - joining the electoral roll can improve your credit rating as well. 'Bad credit' borrowers applying for unsecured loans online can improve their low credit ratings by ensuring they are on the electoral roll, advises Credit Problems No Problem (www.creditproblemsnoproblem.co.uk). (Thu, 27 Nov 2008 07:01:00 GMT)
GM Said to Study Shedding Saturn, Saab, Pontiac to Win U.S. Aid
Nov. 27 (Bloomberg) -- General Motors Corp. , working to cut costs to win $12 billion in government loans, is studying whether to shed its Saturn, Saab and Pontiac brands in addition to Hummer, people familiar with the matter said. (Thu, 27 Nov 2008 13:03:37 GMT)
The IMF answers Lebanon's request
The authorities have requested follow-up Emergency Post-Conflict Assistance (EPCA) with an access of 12.5 percent of quota (SDR 25.375 million [$37.8 million]) to support their economic program for 2008-09 and continue benefiting from the macroeconomic and financial discipline provided by Fund involvement. (Fri, 28 Nov 2008 07:05:25 GMT)
The IMF answers Lebanon's request
The authorities have requested follow-up Emergency Post-Conflict Assistance (EPCA) with an access of 12.5 percent of quota (SDR 25.375 million [$37.8 million]) to support their economic program for 2008-09 and continue benefiting from the macroeconomic and financial discipline provided by Fund involvement. (Fri, 28 Nov 2008 07:05:25 GMT)
Comstar UTS: Financial Results for the Third Quarter and Nine Months Ended September 30, 2008
“COMSTAR – United TeleSystems” OJSC (“Comstar” or “the Group”) (LSE:CMST), the largest integrated telecommunications provider in Moscow and 66 Russian cities, today announced its unaudited consolidated US GAAP financial results for the third quarter and nine months ended September 30, 2008. (Fri, 28 Nov 2008 09:55:11 GMT)
Mano River Reports Q3 2008 Financial Results
LONDON, UNITED KINGDOM-- - Mano River Resources Inc - (Fri, 28 Nov 2008 20:53:14 GMT)
Leverage and Pain
U.S. consumers are replacing a 25-year borrowing and spending binge with a saving spree (Sat, 29 Nov 2008 05:05:02 GMT)
Student-loan consolidation choices shrink
Kari Schoeneweis will face more than $60,000 in student loan debt when she graduates from Carlow University in spring. (Sat, 29 Nov 2008 19:41:24 GMT)
Options for Reducing Student Loan Debt
When she graduates from Columbia University next year with a master's degree in public health, Erin Wheeler is hoping to get a job in international reproductive health. (Sun, 30 Nov 2008 07:01:33 GMT)
