Debt Consolidation News Jan 2009
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False Diagnosis of Deflation
One of the most bothersome questions from 2005 to 2007 used to be whether the Untied States would ultimately submit to inflation or deflation. This is actually the wrong question. (Fri, 02 Jan 2009 05:54:35 GMT)
Fitch: Wells Fargo Cements National Franchise with Wachovia Buy; IDR Affirmed at 'AA'
NEW YORK----Wells Fargo & Company has effectively doubled its franchise through the acquisition of Wachovia Corporation completed late on Dec. 31, 2008, according to Fitch Ratings, which has affirmed WFC's Issuer Default Rating at 'AA'. (Fri, 02 Jan 2009 14:13:00 GMT)
New Gold Stock Environment
At Zeal we welcomed the new year by publishing the latest edition of our Favorite Gold-Producing Stocks Research Report. And looking back a lot has happened in the gold stock arena since the last installment. (Fri, 02 Jan 2009 17:39:35 GMT)
Credit Card Companies Take What They Can Get
Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers? debts. (Sat, 03 Jan 2009 00:27:22 GMT)
Credit Card Companies Willing to Deal Over Debt
Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers debts. (Sat, 03 Jan 2009 12:05:54 GMT)
Extension site offers financial advice online
URBANA – Have tough times put you in turmoil? Are you facing a financial bind, not knowing which step to take next? (Sat, 03 Jan 2009 13:00:46 GMT)
Credit Card Companies Willing to Deal Over Debt
Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers debts. (Sat, 03 Jan 2009 19:12:58 GMT)
Scottish business plea for easier access to Euro cash
Calls to capitalise on European Investment Fund comes as Scottish businesses struggle for liquidity. Scottish businesses will need more immediate access to European funding in the early months of 2009, according to one senior business leader. (Sun, 04 Jan 2009 00:07:24 GMT)
Beating the credit card trap
THERE is no secret to paying off your credit card debt quicker. All you need to do is source a lower interest rate card and increase your repayments. (Sun, 04 Jan 2009 13:00:00 GMT)
How to escape the debt hole
The holidays are over, but for many consumers, the headaches are just beginning as the bills start to flow in. Tackle them now, because many experts say 2009 will be a tough year, especially for those who are debt-laden. (Mon, 05 Jan 2009 05:22:38 GMT)
How to escape the debt hole
The holidays are over, but for many consumers, the headaches are just beginning as the bills start to flow in. Tackle them now, because many experts say 2009 will be a tough year, especially for those who are debt-laden. (Mon, 05 Jan 2009 05:35:38 GMT)
GM concession talks begin
In a series of historic talks expected to be tense and sweeping at times, General Motors Corp. will launch formal negotiations this week with the United Auto Workers, bondholders, dealers and others to transform the automaker into a smaller, viable company. (Mon, 05 Jan 2009 06:20:00 GMT)
More consumers likely to seek help in 2009: debt counsellor
The Credit Counselling Society says 2009 will likely be a busy year for debt counsellors in British Columbia due to the global economic downturn. (Mon, 05 Jan 2009 11:11:28 GMT)
Janel World Trade Retains Wellfleet Partners to Help Form a Strategic Partnership in China
Janel World Trade, Ltd., a leading international provider of logistics management services, has retained Wellfleet Partners, Inc. to evaluate and effectuate a Strategic Partnership in China, help increase business related activities in Asia and conduct various other investment banking and corporate finance activities for the Company. (Mon, 05 Jan 2009 13:00:00 GMT)
More consumers likely to seek help in 2009: debt counsellor
The Credit Counselling Society says 2009 will likely be a busy year for debt counsellors in British Columbia due to the global economic downturn. (Mon, 05 Jan 2009 14:22:52 GMT)
False Diagnosis of Deflation
Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. (Mon, 05 Jan 2009 17:46:34 GMT)
New Gold Stock Environment
At Zeal we welcomed the new year by publishing the latest edition of our Favorite Gold-Producing Stocks Research Report. And looking back a lot has happened in the gold stock arena since the last installment. (Mon, 05 Jan 2009 18:01:37 GMT)
US Dollar Ends Day Mixed, Could See Directional Moves on Releases of ISM Services, FOMC Minutes
- Euro Tumbles on Dovish ECB Comments, Euro-zone CPI Could Exacerbate Sentiment on Tuesday - British Pound Shows Signs of Life as Gilts Yields Rocket Higher (Mon, 05 Jan 2009 21:21:27 GMT)
US Dollar Ends Day Mixed, Could See Directional Moves on Releases of ISM Services, FOMC Minutes
The US dollar ended the day mixed across the majors once again, as the currency gained against the euro, Swiss franc, and Japanese yen but fell versus the British pound and the commodity dollars as oil rose toward $50/bbl. (Mon, 05 Jan 2009 22:58:16 GMT)
Business year in review: A-Z of 2008
A is for Alistair Darling The chancellor was thrust into the spotlight as the financial crisis escalated this year. In the summer, just before a second wave of banking turmoil that rocked the markets, Darling gave an explosive interview to the Guardian saying that Britain faced "the worst economic times in 60 years". In November's pre-budget report he announced a package of tax cuts ... (Tue, 06 Jan 2009 10:41:19 GMT)
Grenville Increases Ownership of Silveria Project to 99.99%
VANCOUVER, BRITISH COLUMBIA-- - Grenville Gold Corporation , announces that it has converted debt to shares of its Peruvian subsidiary to increase its ownership stake of the Silveria Property located 80 km east of Lima. (Tue, 06 Jan 2009 14:15:13 GMT)
Hazarding Guesses: What '09 May Bring
The year that just ended was one of the most remarkable on record for the financial services industry. Bear Stearns and Lehman Brothers, are no more. (Tue, 06 Jan 2009 17:37:57 GMT)
Credit Card and Personal Debt Consolidation Loans -- the Real Answer?
The problem here is that no one but you knows the real extent of your debt, your availability of ready cash to borrow at any given impulsive moment, and your ability (or inability) to curb any tendency to spend money you haven't got. (Wed, 07 Jan 2009 02:02:01 GMT)
Beatty's finances puzzling
The list was startling from the beginning. Christine Beatty, unemployed for most of the past year and with just $6 in her checking account, pays $2,400 a month on her mortgage, an assistant prosecutor told a Wayne Circuit Court judge on Tuesday. (Wed, 07 Jan 2009 06:26:44 GMT)
Constellation Brands Reports Q3 Fiscal 2009 Results
Company achieves significant margin improvement (Wed, 07 Jan 2009 12:30:00 GMT)
Headline: RP lures investors via offshore issue
THE PHILIPPINES YESTERDAY MOVED TO CORNER yield-seeking investors, launching a dollar-denominated bond offer that could raise some $1.5 billion and cover its entire foreign borrowing needs for the year. (Wed, 07 Jan 2009 14:53:31 GMT)
RP dollar bond sale to cover foreign debt needs
The Philippines yesterday moved to corner yield-seeking investors, launching a dollar-denominated bond offer that could raise some $1.5 billion and cover its entire foreign borrowing needs for the year. (Wed, 07 Jan 2009 16:25:42 GMT)
Ares Hires Merrill Leveraged Finance Head Margolies (Update1)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined private-equity firm Ares Management LLC. Margolies, 42, will be a senior partner and head of the capital markets group, according to a statement today from the Los Angeles-based investment firm. (Wed, 07 Jan 2009 18:10:10 GMT)
Ares Hires Merrill Leveraged Finance Head Margolies (Update2)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined Ares Management LLC, as bankers join private-equity firms amid a slowdown in buyouts. (Wed, 07 Jan 2009 19:25:34 GMT)
Background Note: Sudan
Tribal dancers participate in celebration, Juba, Sudan, January 9, 2007. [© AP Images] (Wed, 07 Jan 2009 23:48:15 GMT)
Debt Consolidation
A Christian debt consolidation program can help and assist people in earning financial autonomy and freedom. It normally places service fees for the loan within a given payment period to afford one payment per month. (Thu, 08 Jan 2009 00:48:24 GMT)
Go beyond rate when weighing refinance
Dr. Don Taylor says you should look beyond current mortgage rates when deciding whether or not to refinance. (Thu, 08 Jan 2009 11:00:00 GMT)
Dr. Don's refinance tips
EDITOR'S NOTE: Refinancing activity is soaring, so Bankrate asked personal finance columnist Dr. Don Taylor to answer some of our readers' most pressing questions about getting a new mortgage. (Thu, 08 Jan 2009 11:53:35 GMT)
MSC Industrial Direct Co., Inc. Reports Results for Its Fiscal 2009 First Quarter
MELVILLE, N.Y.----MSC INDUSTRIAL DIRECT CO., INC. , “MSC” or the “Company,” one of the premier distributors of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout the United States, today reported financial results for its fiscal 2009 first quarter ended November 29, 2008. (Thu, 08 Jan 2009 12:30:00 GMT)
SYNNEX Corporation Reports Fiscal 2008 Fourth Quarter and Year-End Results
FREMONT, Calif.----SYNNEX Corporation , a leading business process services company, today announced financial results for the fiscal fourth quarter and year ended November 30, 2008. (Thu, 08 Jan 2009 21:05:00 GMT)
How To Be Debt-Free By 2010
If you’ve resolved to become debt-free by the end of the year, here are my Foolish tips on how to do it. (Fri, 09 Jan 2009 15:12:54 GMT)
Banks and the Avalanche of Deflation
Let's examine how we arrived at asset deflation, the impacts of deleveraging, future banking trends, and the impact of massive stimulus. (Fri, 09 Jan 2009 17:00:00 GMT)
O.C. lender with $1 billion in assets files for bankruptcy
BNC Mortgage in Irvine filed for bankruptcy today to wind down its assets along with its parent Lehman Brothers. (Sat, 10 Jan 2009 00:33:40 GMT)
National credit crisis doesn't extend to Southeast Texas, local bank officals say
As the good tidings of Christmas fade away, many local residents are finding bad bill tidings in the mail. (Sun, 11 Jan 2009 05:19:19 GMT)
Baptist CEO: Shaky market sank buyout
Al Stubblefield was front and center in what was to be a dramatic change to the face of health care in the Pensacola Bay Area. (Sun, 11 Jan 2009 06:55:53 GMT)
What Wells Fargo plans to do on a bigger stage
Wells Fargo & Co., which began in 1852 as a San Francisco "Express and Banking House" mainly serving gold miners, now controls more branches than any U.S. bank. After outperforming the industry and outmaneuvering rival suitor Citigroup Inc., the company... (Sun, 11 Jan 2009 08:35:37 GMT)
Stacks of turbulence ahead
CONSOLIDATION is the new buzz- word as everyone focuses on holding on to what they have. (Sun, 11 Jan 2009 08:40:02 GMT)
Heavy debt? Regain control of your finances
"It's amazing to see on paper exactly where your money goes," said Diane Powell, a spokeswoman for the Pennsylvania Credit Union Association. At the end of the month, you'll see opportunities to cut spending on non-necessities. (Sun, 11 Jan 2009 16:37:29 GMT)
What Wells Fargo plans to do on a bigger stage
Wells Fargo & Co., which began in 1852 as a San Francisco "Express and Banking House" mainly serving gold miners, now controls more branches than any U.S. bank. After outperforming the industry and outmaneuvering rival suitor Citigroup Inc., the company... (Sun, 11 Jan 2009 17:31:03 GMT)
Background Note: Republic of the Congo
Men steer a boat across the Congo river near Brazzaville, Republic of the Congo. November 5, 2006. [© AP Images] (Sun, 11 Jan 2009 23:04:04 GMT)
The new debt-free you: Facing the music
If you’re in over the limit on your credit card, seek help (Mon, 12 Jan 2009 14:57:45 GMT)
(AFX UK Focus) 2009-01-12 16:40 Glance-STOCKS NEWS EUROPE-Placing, debt deal lift Metals Exploration
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News (Mon, 12 Jan 2009 16:43:59 GMT)
AP Financial NewsBrief at 12:11 p.m. EST
NEW YORK (AP) _ Wall Street extended last week's sell-off Monday as stocks declined ahead of quarterly earnings reports expected this week and as another drop in oil prices weighed on energy stocks. (Mon, 12 Jan 2009 17:32:30 GMT)
Canadian firms pessimistic about the year ahead
Two Bank of Canada surveys say 2009 will bring little economic cheer, as the finance minister says the country is in the midst of 'extraordinary times' as he prepares his budget. (Mon, 12 Jan 2009 18:00:53 GMT)
For Citigroup asset sales likely to be difficult
Citigroup may explore further asset sales after divesting its Smith Barney retail brokerage unit to Morgan Stanley , but the banking giant is likely to have a tough time finding buyers. (Mon, 12 Jan 2009 20:54:00 GMT)
The new debt-free you: Facing the music
If you’re in over the limit on your credit card, seek help (Tue, 13 Jan 2009 00:42:45 GMT)
(AFX UK Focus) 2009-01-13 08:44 UPDATE 1-Indonesia to up '09 deficit to over 1.5 pct of GDP
JAKARTA, Jan 13 (Reuters) - Indonesia plans to revise up its 2009 budget deficit to above 1.5 percent of GDP, from 1.0 percent previously, a senior finance ministry official said on Tuesday, amid efforts to help sustain growth in an election year. The finance minister announced this month plans to spend more than 72 trillion rupiah ($6.53 billion) on infrastructure and other projects in order to ... (Tue, 13 Jan 2009 09:16:21 GMT)
Indonesia revises up fiscal deficit, seeking growth
(Adds quotes, details, details of debt sales) (Tue, 13 Jan 2009 13:44:12 GMT)
Indonesia revises up fiscal deficit, seeking growth
(Adds quotes, details, details of debt sales) (Tue, 13 Jan 2009 13:44:12 GMT)
UPDATE 2-Indonesia revises up fiscal deficit, seeking growth
JAKARTA, Jan 13 (Reuters) - Indonesia raised the forecast for its 2009 budget deficit to 2.5 percent of GDP on Tuesday, from 1 percent previously, as the government seeks to counter the global economic downturn in an election year. (Tue, 13 Jan 2009 14:08:52 GMT)
Think Debt Relief Expands Its Consumer Services With Attorney-Assisted Loan Modification Programs
Amid the ongoing housing and credit crises, even as some of the country's largest mortgage lenders announce a moratorium on foreclosures and unveil various loan modification initiatives meant to help homeowners stay in their homes, the number of foreclosures nationwide has quadrupled since the fall of 2007. (Tue, 13 Jan 2009 14:15:00 GMT)
(AFX UK Focus) 2009-01-13 13:59 UPDATE 2-Indonesia revises up fiscal deficit, seeking growth
By Muklis Ali (Tue, 13 Jan 2009 14:31:14 GMT)
Credit Solutions Crosses $800 Million Mark For Total Consumer Debt Settled
RICHARDSON, Texas----Credit Solutions set a new industry record this month, settling $800 million in unsecured consumer debt over the past six years, $25.7 million of that solely during December 2008. (Tue, 13 Jan 2009 15:52:00 GMT)
Analyst: No Quick Turnaround In Store For Automakers
Auto industry analysts say there are few signs that would indicate a short-term turnaround and predict that the struggling economy could lead to some consolidation in the industry. (Tue, 13 Jan 2009 17:16:34 GMT)
Analyst: Auto industry facing extended weak demand
Automakers should not expect a quick turnaround in consumer demand, auto industry analysts said Tuesday, predicting the struggling economy could lead to some consolidation in the industry. (Tue, 13 Jan 2009 17:43:42 GMT)
Expect lengthy auto slump, analysts say
Automakers should not expect a quick turnaround in consumer demand, auto industry analysts said today, predicting the struggling economy could lead to some consolidation in the industry. (Tue, 13 Jan 2009 19:37:31 GMT)
Analyst sees lengthy auto sales downturn
Automakers should not expect a quick turnaround in consumer demand, auto industry analysts said Tuesday, predicting the struggling economy could lead to some consolidation. (Tue, 13 Jan 2009 23:50:08 GMT)
Auto industry turnaround will be slow, analysts say
DETROIT - Automakers should not expect a quick turnaround in consumer demand, auto industry analysts said Tuesday, predicting the struggling economy could lead to some consolidation in the industry. (Wed, 14 Jan 2009 09:01:25 GMT)
Analyst: Auto industry facing extended weak demand
DETROIT — Automakers should not expect a quick turnaround in consumer demand, auto industry analysts said Tuesday, predicting the struggling economy could lead to some consolidation in the industry. Deutsche Bank analyst Rod Lache told the Society of Automotive Analysts... (Wed, 14 Jan 2009 10:16:25 GMT)
Pandit Dismantles Weill Empire to Salvage Citigroup (Update2)
Jan. 14 (Bloomberg) -- Vikram Pandit is unraveling his empire to save his bank. Citigroup Inc. ’s chief executive officer said yesterday he would cede control of the Smith Barney brokerage to Morgan Stanley . Pandit may also dump the CitiFinancial consumer-lending unit, tag Tokyo-based Nikko Asset Management Co. for eventual sale and rein in trading with the bank’s own capital, people familiar ... (Wed, 14 Jan 2009 14:05:45 GMT)
Pandit Dismantles Weill Empire to Salvage Citigroup (Update5)
Jan. 14 (Bloomberg) -- Vikram Pandit is unraveling his empire to save his bank. Citigroup Inc. ’s chief executive officer said yesterday he would cede control of the Smith Barney brokerage to Morgan Stanley . Pandit may also dump the CitiFinancial consumer-lending unit, tag Tokyo-based Nikko Asset Management Co. for eventual sale and rein in trading with the bank’s own capital, people familiar ... (Wed, 14 Jan 2009 22:30:10 GMT)
Re-emerging stronger means winning over suppliers and customers, and getting Ottawa onside financially. Nortel needs a ...
TORONTO, OTTAWA -- Nortel Networks Corp. , the humbled giant of Canadian technology, is vowing to re-emerge from creditor protection a stronger company, but first needs to win over nervous customers and suppliers and possibly secure financial aid from skeptical governments. (Thu, 15 Jan 2009 11:06:47 GMT)
Nortel Seeks Bankruptcy Protection
Nortel has struggled to recover from the collapse of technology stocks early in the decade as well as an accounting scandal. (Thu, 15 Jan 2009 12:15:44 GMT)
Nortel Seeks Bankruptcy Protection
Nortel has struggled to recover from the collapse of technology stocks early in the decade as well as an accounting scandal. (Thu, 15 Jan 2009 17:02:35 GMT)
INFO-TECH
OUTLOOK: Slowdown effect tells on TCS Co says there has been cancellation/slowdown of orders in verticals such as BFSI and telecom. Mumbai, Jan. 15 Tata Consultancy Services has reported its third consecutive quarter of muted growth as it encountered a decline in IT spending by ... (Thu, 15 Jan 2009 18:34:25 GMT)
Nortel seeks bankruptcy protection
Published: Thursday, January 15, 2009 at 5:18 a.m. Last Modified: Thursday, January 15, 2009 at 3:36 p.m. (Thu, 15 Jan 2009 21:45:05 GMT)
Competitors try to cash in on National City merger
Not every National City Bank customer is going to morph into a PNC Bank customer -- and many competing banks are running advertisements aimed at picking off as many depositors as they can. (Fri, 16 Jan 2009 05:17:07 GMT)
Johnson Matthey hit by slowdown
TREDYFFRIN — The slowdown in the U.S. auto industry has claimed some Chester County jobs as Johnson Matthey confirmed that it has trimmed staff. (Fri, 16 Jan 2009 11:35:53 GMT)
Baltimore's CitiFinancial moves toward a sale
Hammered by writedowns of its assets, global financial giant Citi said Friday it will split its business into two divisions, shifting Baltimore-based subsidiary CitiFinancial into the division that is charged with selling off non-core parts of the company. (C) (MS) (Fri, 16 Jan 2009 15:35:39 GMT)
Economies of scale crucial for gold firms
Global spot gold prices hit a record height of $US1000 per ounce nine months ago, but the worldwide credit crunch has sparked massive consolidation in the sector, with mergers and acquisitions shrinking to new lows. (Fri, 16 Jan 2009 16:22:11 GMT)
IMF Executive Board Approves Precautionary Stand-By Arrangement for El Salvador of About $800 Million
The Executive Board of the International Monetary Fund today approved a 14½ month SDR 513.9 million (about US$800 million) precautionary Stand-By Arrangement for El Salvador to support the country's economic strategy to cope with the adverse effects of the global financial crisis. (Fri, 16 Jan 2009 23:28:56 GMT)
Citigroup splits into 2 divisions
Citicorp runs banking; noncore businesses go into Citi Holdings Citigroup Inc. began yesterday to shrink its financial "supermarket" model that took shape in Baltimore two decades ago by splitting into two businesses, as it reported an $8.29 billion quarterly loss. (Sat, 17 Jan 2009 08:40:05 GMT)
VEB Thrust Into the Role of Savior
24 October 2008 By Maria Levina / Special to The Moscow Times Editor's note: This is the second in a series of reports about the effect of the global financial crisis on Russia. (Sat, 17 Jan 2009 14:05:27 GMT)
2009 Barron's Roundtable: Rocky Road
Are we there yet? Are we there yet? "There," in case you're wondering, is a genuine stock-market bottom, not a temporary low before the next tsunami of selling. It's the point (and price) at which it's safe to jump back in the market, with plans to stick around for a while. (Sat, 17 Jan 2009 15:10:32 GMT)
Crisis deepens for Irish banking
Welcome to the next stage of the banking crisis. The government’s move to nationalise Anglo Irish Bank coincided with another round of international investor fears about banks worldwide. (Sat, 17 Jan 2009 18:39:01 GMT)
Credit counselors see boom in homeowner clients
WENATCHEE — The sluggish economy and spike in area residents who are behind on their mortgage payments have sent more struggling homeowners to Consumer Credit Counseling for help. (Sun, 18 Jan 2009 21:17:36 GMT)
January 19, 2009 | 8:49 IST
ICICI Bank is India's second-largest bank with total assets of Rs3849.7bn at September 30, 2008 and profit after tax Rs17.42bn for the half year ended September 30, 2008. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. (Mon, 19 Jan 2009 03:19:04 GMT)
Saving people drowning in debt
If you have a dream, Richard Cooper knows, it's wise to also have a backup plan. (Mon, 19 Jan 2009 09:38:43 GMT)
The dangers of debt consolidation
Before you bundle your bills, check out the pros and cons of these consolidation options. (Mon, 19 Jan 2009 11:00:00 GMT)
Why banks still teeter, after $232 billion in aid
Losses on mortgage debt, followed by recession woes such as corporate bankruptcies and rising defaults on credit cards, delivered a one-two punch. (Mon, 19 Jan 2009 21:51:47 GMT)
COMPANY RELEASES
Fitch Ratings-London/Moscow-Fitch Ratings has today affirmed Russia-based OJSC Novolipetsk Steel's (NLMK) Long-term Issue Default Rating (IDR) at 'BB+' and National Long-term rating at 'AA(rus)'. The Outlooks on both ratings are Stable. Fitch has also affirmed NLMK's Short-term IDR at 'B'. (Tue, 20 Jan 2009 10:31:26 GMT)
Lightning, Earthquakes & Hurricanes
The earth itself provides many valuable analogies for massive dislocation in the relief of grand energy differentials. In the air, vast differentials between cloud structures in their electrical charge result in sudden lightning bursts as the release. (Tue, 20 Jan 2009 10:39:35 GMT)
MGIC Investment Corporation Reports Fourth Quarter 2008 Results
MGIC Investment Corporation today reported a net loss for the quarter ended December 31, 2008 of $273.3 million, compared with net loss of $1.47 billion for the same quarter a year ago. (Tue, 20 Jan 2009 12:00:00 GMT)
State Street Reports 2008 Earnings Per Share of $3.89, up 13% on a Revenue Gain of 28% Compared to 2007
BOSTON----State Street Corporation today announced full-year 2008 earnings of $3.89 per share on net income of $1.620 billion compared with $3.45 per share on net income of $1.261 billion in 2007. (Tue, 20 Jan 2009 12:11:00 GMT)
Escape from the debt hole
DALLAS #8212; The holidays are over, but for many consumers, the headaches are just beginning as the bills start to pile up. (Tue, 20 Jan 2009 17:14:29 GMT)
Fiat to Take 35% Stake in Chrysler
Italy's Fiat, a former partner with General Motors, will team up with Chrysler (Tue, 20 Jan 2009 20:39:13 GMT)
Citizens South Banking Corporation Announces Fourth Quarter Earnings
Citizens South Banking Corporation , the holding company for Citizens South Bank, reported net income of $427,000, or $0.06 per diluted share, for the quarter ended December 31, 2008, compared to $1.3 million, or $0.18 per diluted share, for the quarter ended December 31, 2007. (Tue, 20 Jan 2009 21:50:00 GMT)
Get out of the hole
The holidays are over, but for many consumers, the headaches are just beginning as the bills start to pile up. (Wed, 21 Jan 2009 05:02:13 GMT)
How to escape the debt hole
1/83/8 DALLAS | The holidays are over, but for many consumers, the headaches are just beginning as the bills start to pile up. Tackle them now, because many experts say 2009 will be a tough year, especially for those who are debt-laden. (Wed, 21 Jan 2009 05:20:50 GMT)
Nigeria: Stakeholders Query Bank PHB Take-Over of Spring Bank
For many, the success of PlatinumHabib Bank's hostile take-over bid of rival Spring Bank in the twilight of 2008 indeed qualifies it as the deal of that year, if only for its seamlessness. (Wed, 21 Jan 2009 10:15:45 GMT)
International Forecaster January 2009 (#6) - Gold, Silver, Economy + More
The following are some snippets from the most recent issue of the International Forecaster. For the full 27 page issue, please see subscription information below. (Wed, 21 Jan 2009 20:49:41 GMT)
TSX Venture Exchange Daily Bulletins for January 21, 2009
VANCOUVER, BRITISH COLUMBIA-- - (Wed, 21 Jan 2009 21:49:13 GMT)
Sallie Mae Announces Fourth-Quarter and Full-Year 2008 Results
RESTON, Va.----Sallie Mae: Student Loan Originations Exceed $24 Billion in 2008 Federal Student Loan Originations Grow 25 Percent in Quarter Private Student Loan Provision Increases (Wed, 21 Jan 2009 22:17:00 GMT)
LIGHTNING, EARTHQUAKES & HURRICANES
Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. (Wed, 21 Jan 2009 22:26:11 GMT)
SunTrust Reports 2008 Profit of $2.13 Per Share
Offs and Reserve-Building. While Capital and Liquidity Remain Strong, Quarterly Dividend Reduced to $0.10 Reflecting Challenging Credit and Earnings Environment (Thu, 22 Jan 2009 11:00:00 GMT)
KeyCorp Reports Fourth Quarter and 2008 Results
KeyCorp today announced a fourth quarter loss from continuing operations of $524 million, or $1.13 per common share, compared to income from continuing operations of $22 million, or $.06 per diluted common share, for the fourth quarter of 2007. (Thu, 22 Jan 2009 11:34:00 GMT)
Penns Woods Bancorp, Inc. Reports Fourth Quarter 2008 Earnings
JERSEY SHORE, Pa.----Penns Woods Bancorp, Inc. today reported that net income from core operations , which excludes net securities gains and losses, increased 3.7% and 4.8% to $2,470,000 and $9,343,000 for the three and twelve months ended December 31, 2008 compared to $2,383,000 and $8,913,000 for the same periods of 2007. (Thu, 22 Jan 2009 15:13:00 GMT)
1st Source Corporation Announces Fourth Quarter, Year End Results
SOUTH BEND, Ind.----1st Source Corporation , parent company of 1st Source Bank today reported net income of $12.32 million for the fourth quarter of 2008, compared to the $7.83 million of net income reported for the fourth quarter of 2007. (Thu, 22 Jan 2009 18:43:00 GMT)
Synovus Reports Results for Fourth Quarter 2008
COLUMBUS, Ga.----Synovus reported a net loss for the fourth quarter of 2008 of $637 million, or $1.93 per share, compared to income from continuing operations of $53.1 million, or $0.16 per diluted share for the fourth quarter of 2007. (Thu, 22 Jan 2009 21:01:00 GMT)
Credit Crisis Keeps Commercial Property Deals on Hold
Although the current economic crisis hinges largely on problems in the housing sector, nearly all financing has felt the crunch. Further consolidation in the financial markets due to bank failures and closing of investment houses put all types of lending at risk. (Thu, 22 Jan 2009 22:20:50 GMT)
Fiat: Chrysler is a good fit
Fiat Chief Executive Sergio Marchionne said Chrysler is worth saving and is a good fit for the Italian automaker as both companies see partnerships as key to global profitability. The first comments from a top executive at one of the companies about the non-cash deal that would give Fiat a 35 percent stake in Chrysler came Thursday during Marchionne's conference call with investors about ... (Fri, 23 Jan 2009 06:26:14 GMT)
Money Matters
Since no one likes to use the word budget, much less try and come up with one, Mary K. Carleton suggests a “spending plan.” (Fri, 23 Jan 2009 06:47:03 GMT)
GE Earned $18.1B in '08; 4Q '08 Results in Line with December Outlook; Industrial CFOA of $16.7B, up 5%; Cash on ...
FAIRFIELD, Conn.----GE announced today fourth-quarter 2008 earnings from continuing operations of $3.9 billion, or $.37 per share before preferred dividend, or $.36 per share attributable to common shareowners. (Fri, 23 Jan 2009 11:30:00 GMT)
S.Y. Bancorp Reports Solid Fourth Quarter and Full-Year Results against a Backdrop of Turbulent Economic Conditions
LOUISVILLE, Ky.----S.Y. Bancorp, Inc. , parent company of Stock Yards Bank & Trust Company, with offices in the Louisville metropolitan area, Indianapolis and Cincinnati, today reported financial results for the fourth quarter and year ended December 31, 2008. (Fri, 23 Jan 2009 12:30:00 GMT)
The Student Loan Corporation Announces Year-End and Fourth Quarter Earnings
STAMFORD, Conn.----The Student Loan Corporation today reported net income of $76.2 million, or $3.81 per share, for the year ended December 31, 2008, a decrease of $106.5 million compared to net income of $182.7 million, or $9.13 per share, reported for 2007. (Fri, 23 Jan 2009 13:00:00 GMT)
Loan Crisis Hits the MBA World
Ankur Sahni was ecstatic when he received an acceptance letter from the Johnson School at Cornell University in December, informing him that he had received an admissions offer for the class of 2011. But the Indian engineer, who had dreamed of attending a top U.S. business school for years, barely had time to celebrate before reality sank in. (Fri, 23 Jan 2009 13:08:41 GMT)
The Student Loan Corporation Announces Year-End and Fourth Quarter Earnings
The Student Loan Corporation (NYSE:STU) today reported net income of $76.2 million, or $3.81 per share, for the year ended December 31, 2008, a decrease of $106.5 million (58%) compared to net income of $182.7 million, or $9.13 per share, reported for 2007. The unprecedented disruption and lack of liquidity in the financial markets has significantly affected the Company’s operations. These ... (Fri, 23 Jan 2009 13:28:39 GMT)
Top Tips: plunging home values
Making smart choices in this difficult economy requires timely information. (Fri, 23 Jan 2009 16:08:00 GMT)
I'm underwater, what should I do?
Making smart choices in this difficult economy requires timely information. Gerri answers three of our readers' questions. (Fri, 23 Jan 2009 16:20:01 GMT)
A Dickensian view of clean-tech financing
There's plenty of enthusiasm for funding the latest green-tech or alternative-fuel company. The problem is the economy stinks, and doesn't look like it will improve anytime soon. (Fri, 23 Jan 2009 19:06:36 GMT)
Pfizer in Talks to Buy Wyeth as Lipitor Faces Losses (Update3)
Jan. 23 (Bloomberg) -- Pfizer Inc. , the world’s biggest drugmaker, is in talks to buy Wyeth in an effort to replace revenue it expects to lose to generic competition in three years, according to three people familiar with the discussions. (Fri, 23 Jan 2009 19:22:42 GMT)
Pfizer in Talks to Buy Wyeth as Lipitor Faces Losses (Update3)
Jan. 23 (Bloomberg) -- Pfizer Inc. , the world’s biggest drugmaker, is in talks to buy Wyeth in an effort to replace revenue it expects to lose to generic competition in three years, according to three people familiar with the discussions. (Fri, 23 Jan 2009 19:23:02 GMT)
Beginner's guide to: Consolidating debt
How does it work? The theory is that, by putting all your debts in one place, you can save money on interest and time on making lots of individual payments. (Sat, 24 Jan 2009 00:17:18 GMT)
Pfizer Bid May Spur Consolidation as Glaxo Goes Solo (Update1)
Jan. 24 (Bloomberg) -- Pfizer Inc. ’s potential purchase of Wyeth for more than $60 billion may set off a rush to consolidate in an industry buffeted by a thinner pipeline of new products and increasing generic competition. (Sat, 24 Jan 2009 13:00:08 GMT)
Pfizer Bid May Spur Consolidation as Glaxo Goes Solo (Update1)
Jan. 24 (Bloomberg) -- Pfizer Inc. ’s potential purchase of Wyeth for more than $60 billion may set off a rush to consolidate in an industry buffeted by a thinner pipeline of new products and increasing generic competition. (Sat, 24 Jan 2009 13:00:59 GMT)
Don't wait to dig yourself out of debt
Tackle debt now, because many experts say 2009 will be a tough year, especially for those who are debt-laden. (Sat, 24 Jan 2009 20:59:55 GMT)
Obama Plans Fast Action to Tighten Financial Rules
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers. (Sat, 24 Jan 2009 22:28:20 GMT)
Have lenders got a deal for you!
Hard times are usually good times for debt collectors, who make their money morning and night with the incessant ring of a phone. (Mon, 26 Jan 2009 01:55:43 GMT)
Kimberly-Clark Announces Fourth Quarter 2008 Results; Reviews 2009 Business Outlook
Basis EPS Were $1.01 Compared With $1.07 in 4Q '07 (Mon, 26 Jan 2009 12:15:00 GMT)
ING Canada Reports 2008 Fourth Quarter and Year-End Results
ING Canada Inc. reported a net loss of $64.1 million or $0.53 a share for the quarter ended December 31, 2008 compared to a gain of $95.8 million or $0.77 per share last year. The decline reflects the impairment of $185.8 million or $1.06 per share of common equities as a result of the deep and prolonged drop in value of Canadian common equities. (Mon, 26 Jan 2009 12:17:00 GMT)
Caterpillar Reports Record Sales and Revenues and Profit Per Share for 2008
Caterpillar Inc. today announced record sales and revenues of $51.324 billion for 2008, up 14 percent from 2007. (Mon, 26 Jan 2009 12:31:00 GMT)
Freeport-McMoRan Copper & Gold Inc. Reports Fourth-Quarter and Year Ended December 31, 2008 Results
PHOENIX, Ariz.----Freeport-McMoRan Copper & Gold Inc. : Fourth-quarter 2008 net loss was $13.9 billion, $36.78 per share, compared with net income of $414 million, $1.05 per share, for fourth-quarter 2007. (Mon, 26 Jan 2009 13:00:00 GMT)
Loan Crisis Hits the MBA World
Ankur Sahni was ecstatic when he received an acceptance letter from the Johnson School at Cornell University in December, informing him that he had received an admissions offer for the class of 2011. But the Indian engineer, who had dreamed of attending a top U.S. business school for years, barely had time to celebrate before reality sank in. (Mon, 26 Jan 2009 14:47:43 GMT)
Pfizer Finds Solace With Wyeth
The world's largest pharmaceutical maker will now be a diversified health-care company as its Liptor franchise evaporates. (Mon, 26 Jan 2009 19:03:32 GMT)
Pfizer Finds Solace With Wyeth
The world's largest pharmaceutical maker will now be a diversified health-care company as its Liptor franchise evaporates. (Mon, 26 Jan 2009 19:10:29 GMT)
Pfizer Finds Solace In Wyeth
The world's largest pharmaceutical maker will now be a diversified health-care company. (Mon, 26 Jan 2009 20:02:39 GMT)
American Express Reports Fourth Quarter Earnings from Continuing Operations of $238 Million, or $0.21 Per Share; ...
NEW YORK----American Express Company today reported fourth-quarter income from continuing operations of $238 million, down 72 percent from $858 million a year ago. Diluted earnings per share from continuing operations were $0.21, down 71 percent from $0.73 a year ago. (Mon, 26 Jan 2009 21:15:00 GMT)
Spansion Spasms
The flash vendor's woes point to further consolidation for the memory industry. (Tue, 27 Jan 2009 00:13:57 GMT)
Pharmaceutical rivals make $68B deal
Analysts say Pfizer could boost revenue 50 percent by acquiring Wyeth (Tue, 27 Jan 2009 01:04:16 GMT)
A Dickensian view of clean-tech financing
There's plenty of enthusiasm for funding the latest green-tech or alternative-fuel company. The problem is the economy stinks, and doesn't look like it will improve anytime soon. (Tue, 27 Jan 2009 01:09:42 GMT)
Will the Recession Spark an M&A Rebound?
(Tue, 27 Jan 2009 05:53:07 GMT)
Pity the Debt Collector
With plenty of people behind on their loans, this ought to be a golden age for professional debt collectors. It s not. Here s why. (Tue, 27 Jan 2009 08:00:00 GMT)
YOUR MONEY: How to escape the debt hole
Create a summary sheet that lists the creditor, monthly payment, balance, interest rate and credit limit for each. List the status of each account, whether any bills are past due, and verify the payment due dates. Advertisement: GOLF CENTER Moving Sale Savings We've moved! Check our our new location and save BIG on brand-name golf gear! Click here for coupons (Tue, 27 Jan 2009 12:19:58 GMT)
VIST Financial Corp. Announces Fourth Quarter Earnings
VIST Financial Corp. , reported net income for the quarter ended December 31, 2008 was $1,772,000, a 12.8% decrease over net income of $2,032,000 for the same period in 2007. (Tue, 27 Jan 2009 14:00:00 GMT)
Another scam hits Niagara residents
ST. CATHARINES The Niagara Regional Police Service central fraud unit is warning citizens of Niagara that yet another scam is being perpetrated in [...] (Tue, 27 Jan 2009 18:40:23 GMT)
StanCorp Financial Group, Inc. Reports Fourth Quarter and Full Year 2008 Earnings
(Tue, 27 Jan 2009 21:15:53 GMT)
Pity the Debt Collector
With plenty of people behind on their loans, this ought to be a golden age for professional debt collectors. It's not. Here's why. (Wed, 28 Jan 2009 04:21:13 GMT)
6 steps to dumping 'toxic debt'
Don't treat debt that can bite you suddenly and without warning as if it were a harmless house pet. Here's how to get it out of your life. I admit it: I didn't think credit card companies could sink any lower. (Wed, 28 Jan 2009 05:13:12 GMT)
WRAPUP 1-Italian carmakers seek aid as suppliers warn on '09
* Reports see Italy incentives worth up to 1.2 bln eur (Wed, 28 Jan 2009 12:59:06 GMT)
AGF Management Limited Reports Results For Fiscal 2008
AGF Management Limited today announced financial results for the year ended November 30, 2008 during which the company significantly strengthened its balance sheet by paying down $65.2 million of long-term debt. (Wed, 28 Jan 2009 13:00:00 GMT)
Italian carmakers seek aid as suppliers warn
Italy's carmakers, seeking aid to ease a crisis that threatens Fiat SpA's survival, prepared to meet ministers on Wednesday as two key parts suppliers to the auto sector warned of further cutbacks in 2009. (Wed, 28 Jan 2009 13:14:00 GMT)
Italian carmakers seek aid as suppliers warn
By Helen Massy-Beresford, European Autos Correspondent (Wed, 28 Jan 2009 13:14:55 GMT)
Italian carmakers seek aid as suppliers warn
PARIS (Reuters) - Italy's carmakers, seeking aid to ease a crisis that threatens Fiat SpA's survival, prepared to meet ministers on Wednesday as two key parts suppliers to the auto sector warned of further cutbacks in 2009. (Wed, 28 Jan 2009 14:24:19 GMT)
WRAPUP 2-Italian carmakers seek aid as suppliers warn on '09
* Reports see Italy incentives worth up to 1.2 bln euros (Wed, 28 Jan 2009 18:26:19 GMT)
Italian carmakers seek aid as suppliers warn
Italy's car industry met ministers on Wednesday to lobby for aid as key parts suppliers warned of further cutbacks in 2009, the UK looked for ways to unblock car financing and Audi's CEO lamented a "terrible" January. (Wed, 28 Jan 2009 18:38:00 GMT)
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