Debt Consolidation News Feb 2009
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German 'bad bank' in Dublin adds to Irish concerns
News on Friday that WestLB, one of Germany’s biggest banking casualties of the financial crisis, has a bad bank in Dublin has highlighted Ireland as a possible destination for toxic assets. (Mon, 23 Feb 2009 01:17:52 GMT)
Jockeying for position
Lieutenants of ‘Captain D’ clash as they sort out his business empire (Mon, 23 Feb 2009 06:13:18 GMT)
German 'bad bank' in Dublin adds to Irish concerns
News on Friday that WestLB, one of Germany’s biggest banking casualties of the financial crisis, has a bad bank in Dublin has highlighted Ireland as a possible destination for toxic assets. (Mon, 23 Feb 2009 08:46:31 GMT)
Blake Lapthorn asks partners to pay off debt
Blake Lapthorn is restructuring its balance sheet by asking partners to inject cash to pay off parts of its bank debt. ... (Mon, 23 Feb 2009 10:40:01 GMT)
When times are tough, prioritize those bills
If reports are correct, because the real estate market is relatively more stable here, Chester County is not experiencing nearly so many of the financial problems that affect the rest of the country now. However, everyone is watching what he or she is paying, and that affects both the individual and society at large. (Mon, 23 Feb 2009 11:14:21 GMT)
Enel’s Endesa Deal to Focus Strategy on Latin America (Update2)
Feb. 23 (Bloomberg) -- Enel SpA ’s 11.1 billion-euro ($14.3 billion) bid to increase its stake in Endesa SA , Spain’s largest hydropower generator, will help the Italian utility to expand in South America, where economies are growing as Europe contracts. (Mon, 23 Feb 2009 12:03:58 GMT)
NIBC Bank Net Profit at EUR 92 Million for 2008
THE HAGUE, The Netherlands, February 23 /PRNewswire/ -- - Net Profit at EUR 92 Million for the Year 2008, Despite the Challenging Market Environment - Fourth Quarter Results Significantly Impacted by Market Conditions Resulting in a Net Loss of EUR 61 Million, Mainly Driven by Fair Value Adjustments and Impairments on Equity and Mezzanine Investments - Strong Capitalisation With Tier-1 Ratio of ... (Mon, 23 Feb 2009 13:00:30 GMT)
NIBC Bank Net Profit at EUR 92 Million for 2008
Net profit at EUR 92 million for the year 2008, despite the (Mon, 23 Feb 2009 16:00:00 GMT)
Enel’s Endesa Deal to Focus Strategy on Latin America (Update2)
Feb. 23 (Bloomberg) -- Enel SpA ’s 11.1 billion-euro ($14.3 billion) bid to increase its stake in Endesa SA , Spain’s largest hydropower generator, will help the Italian utility to expand in South America, where economies are growing as Europe contracts. (Mon, 23 Feb 2009 17:01:06 GMT)
Crisis puts brakes on loans to world’s poor: women’s group
JOHANNESBURG: The global micro-credit industry has been hurt by the financial crisis but loan defaults by the world’s poor remain low and private equity money will still fuel growth, a micro-finance group said. (Mon, 23 Feb 2009 23:36:33 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Tue, 24 Feb 2009 01:34:28 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Tue, 24 Feb 2009 07:20:20 GMT)
Quadrangle Picks Steiner, Huber to Run Firm as Rattner Departs
Feb. 24 (Bloomberg) -- Quadrangle Group LLC named two senior executives to run the buyout firm after the departure of Steven Rattner , the politically connected former journalist who will be the U.S. Treasury’s lead adviser on auto-industry restructuring. (Tue, 24 Feb 2009 08:04:22 GMT)
India Rating May Be Cut to Junk by Standard & Poor’s (Update1)
Feb. 24 (Bloomberg) -- India’s credit rating may be cut to junk by Standard & Poor’s, which said government spending plans to help shield the economy from the global recession and win voter support in elections were “not sustainable.” (Tue, 24 Feb 2009 11:20:24 GMT)
India Rating May Be Cut to Junk by Standard & Poor’s (Update1)
Feb. 24 (Bloomberg) -- India’s credit rating may be cut to junk by Standard & Poor’s, which said government spending plans to help shield the economy from the global recession and win voter support in elections were “not sustainable.” (Tue, 24 Feb 2009 11:21:15 GMT)
When times are tough, prioritize those bills
If reports are correct, because the real estate market is relatively more stable here, Chester County is not experiencing nearly so many of the financial problems that affect the rest of the country now. However, everyone is watching what he or she is paying, and that affects both the individual and society at large. (Tue, 24 Feb 2009 11:29:31 GMT)
India Lowers Taxes, Straining Finances as S&P May Cut to Junk
Feb. 24 (Bloomberg) -- India reduced excise and service tax to revive economic growth, less than an hour after Standard & Poor’s said the nation’s credit rating may be cut to junk as government debt is reaching a level that’s “not sustainable.” (Tue, 24 Feb 2009 12:36:00 GMT)
GrafTech Reports Fourth Quarter and Year Ended 2008 Results
GrafTech International Ltd. (NYSE:GTI) today announced financial results for the fourth quarter and year ended December 31, 2008. (Tue, 24 Feb 2009 12:38:28 GMT)
NEXITY : 2008 Annual Results
(ITnews) - (Hugin) - Paris La Défense, Tuesday, February 24, 2009 2008 Annual Results Operating performance holds up against a sharp market downturn - Revenue: +4% compared to Pro Forma 2007 - Group operating margin: 9.2% - Group share of net profit excluding Eurosic impairment and deconsolidation of Crédit Foncier de France: E177m Financial solidity and visibility - Net debt at end-2008: E563m, ... (Tue, 24 Feb 2009 18:45:08 GMT)
Negative S&P outlook rings fiscal alarm bell
Mumbai, Feb. 24: India’s sovereign credit rating stands in danger of crumbling to the status of a junk bond. (Tue, 24 Feb 2009 20:47:07 GMT)
Magna announces fourth quarter and 2008 results
AURORA, ON, Feb. 24, 2009 -- Magna International Inc. (TSX: MG.A; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2008. (Tue, 24 Feb 2009 22:20:46 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Wed, 25 Feb 2009 02:50:30 GMT)
NEXITY: Risultati esercizio 2008
(ITnews) - (Hugin) - Parigi, La Défense, martedì, 24 febbraio 2009 Risultati esercizio 2008 Solida performance operativa nonostante il forte rallentamento del mercato - Ricavi: +4% rispetto ai dati pro forma del 2007 - Margine operativo consolidato: 9,2% - Risultato netto consolidato (escluse svalutazione Eurosic e deconsolidamento di Crédit Foncier de France): 177 milioni di euro Struttura ... (Wed, 25 Feb 2009 10:45:58 GMT)
German 'bad bank' in Dublin adds to Irish concerns
News on Friday that WestLB, one of Germany’s biggest banking casualties of the financial crisis, has a bad bank in Dublin has highlighted Ireland as a possible destination for toxic assets. (Wed, 25 Feb 2009 13:24:52 GMT)
U.K. Stocks Advance, Led by RBS, Banks; Segro, Hammerson Gain
Feb. 25 (Bloomberg) -- U.K. stocks advanced, led by banks on speculation Royal Bank of Scotland Group Plc may strike a deal with the government to guarantee debt and Federal Reserve Chairman Ben S. Bernanke suggested U.S. lenders may not need to be nationalized. (Wed, 25 Feb 2009 14:15:38 GMT)
Accor Reports 2008 Results
Profit Before Tax(1) on Target, at EUR875 Million. Dividend Unchanged at 1.65 Euro per Share. Battle Plan to Face a Difficult Environment. Accor is Staying on Course and Continuing to Transform its two Core Businesses. (Wed, 25 Feb 2009 14:53:23 GMT)
U.K. Stocks Advance, Led by RBS, Banks; Segro, Hammerson Gain
Feb. 25 (Bloomberg) -- U.K. stocks advanced, led by banks on speculation Royal Bank of Scotland Group Plc may strike a deal with the government to guarantee debt and Federal Reserve Chairman Ben S. Bernanke suggested U.S. lenders may not need to be nationalized. (Wed, 25 Feb 2009 16:08:22 GMT)
U.K. Stocks Advance, Led by RBS, Banks; Segro, Hammerson Gain
Feb. 25 (Bloomberg) -- U.K. stocks advanced, led by banks on speculation Royal Bank of Scotland Group Plc may strike a deal with the government to guarantee debt and Federal Reserve Chairman Ben S. Bernanke suggested U.S. lenders may not need to be nationalized. (Wed, 25 Feb 2009 16:15:35 GMT)
Most U.K. Stocks Advance, Led by Banks; Segro, Hammerson Gain
Feb. 25 (Bloomberg) -- Most U.K. stocks rose as investors speculated Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may strike a deal with the government to guarantee debt and that U.S. lenders may not need to be nationalized. (Wed, 25 Feb 2009 16:54:05 GMT)
Most U.K. Stocks Advance, Led by Banks; Segro, Hammerson Gain
Feb. 25 (Bloomberg) -- Most U.K. stocks rose as investors speculated Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may strike a deal with the government to guarantee debt and that U.S. lenders may not need to be nationalized. (Wed, 25 Feb 2009 17:00:49 GMT)
Will death-care sector come back to life?
The current recession has buried the North American death-care sector, and prices of companies’ stocks are now trading at all-time lows. (Wed, 25 Feb 2009 17:08:54 GMT)
Dollar Thrifty Automotive Group Successfully Completes Lender Discussions
TULSA, Okla., Feb. 25, 2009 -- Dollar Thrifty Automotive Group, Inc. today announced amendments of its senior secured credit facility and fleet financing agreements with Chrysler Financial and another bank group. (Thu, 26 Feb 2009 01:24:44 GMT)
Are Utah banks lending? Depends who you ask
If anyone qualifies for a business loan, it might be Frank Dsouza. His Salt Lake City-based import, manufacturing and distribution company, Seaich Corp. (Thu, 26 Feb 2009 05:51:45 GMT)
Feds zero in on auto supplier aid
The Treasury Department is seriously considering offering government help to auto suppliers seeking to restructure. (Thu, 26 Feb 2009 06:04:13 GMT)
CTC Media: Financial Results for the Fourth Quarter and Year Ended December 31, 2008
CTC Media, Inc. ("CTC Media" or "the Company") (NASDAQ: CTCM), the leading independent media company in Russia, today announced its unaudited consolidated financial results for the fourth quarter and year ended December 31, 2008. (Thu, 26 Feb 2009 11:15:16 GMT)
PAETEC Holding Corp. Announces Fourth Quarter and Full Year 2008 Results
PAETEC Holding Corp. (NASDAQ GS: PAET) today announced fourth quarter 2008 and full year 2008 financial and operating results. “Despite broad economic turbulence we are pleased that our company generated strong free cash flow for fiscal year 2008 and for the 24 th consecutive quarter,” said PAETEC Chairman and CEO, Arunas A. Chesonis. “We expect to drive solid free cash flow again for fiscal ... (Thu, 26 Feb 2009 12:22:09 GMT)
CIBC announces first quarter 2009 results
CIBC announced net income of $147 million for the first quarter ended January 31, 2009, compared to a net loss of $1,456 million for the same period last year. Diluted earnings per share were $0.29, compared to a diluted loss per share of $4.39 a year ago. (Thu, 26 Feb 2009 13:00:00 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Thu, 26 Feb 2009 14:34:37 GMT)
Accuride Corporation Reports Results for 2008
EVANSVILLE, Ind. February 26, 2009: Accuride Corporation (OTCBB: AURD), a leading manufacturer and supplier of commercial vehicle components, today announced its fourth quarter and fiscal year 2008 results. Net sales in 2008 were $931.4 million, compared with $1,013.7 million in the prior year. (Thu, 26 Feb 2009 16:42:14 GMT)
German 'bad bank' in Dublin adds to Irish concerns
News on Friday that WestLB, one of Germany’s biggest banking casualties of the financial crisis, has a bad bank in Dublin has highlighted Ireland as a possible destination for toxic assets. (Thu, 26 Feb 2009 18:21:57 GMT)
Top Tips: plunging home values
Making smart choices in this difficult economy requires timely information. Gerri answers three of our readers' questions. (Thu, 26 Feb 2009 20:25:00 GMT)
CommScope Announces Fourth Quarter 2008 Results
HICKORY, N.C.----CommScope, Inc. : Fourth quarter sales of $862 million Net loss of $4.86 per share in the fourth quarter primarily due to $397 million non-cash impairment charges Adjusted operating income, excluding special items, of $95 million, up 13 percent year over year on a combined basis Fourth quarter debt repayment of over $150 million; further debt reduction planned (Thu, 26 Feb 2009 21:10:00 GMT)
CommScope Announces Fourth Quarter 2008 Results
CommScope, Inc. (NYSE: CTV): (Thu, 26 Feb 2009 21:37:19 GMT)
Essay: my advice to Obama, transform for the long term
I recently had the honour of being parachuted into the crucible of the US policymaking debate, writes Christopher Joye . (Fri, 27 Feb 2009 02:51:57 GMT)
Borrowing at recession levels
A SLOWING economy and a fear of rising unemployment is motivating many Australians to slash their debt, economists say. (Fri, 27 Feb 2009 05:28:00 GMT)
MINING INVESTMENT
Great Wall of China is the only manmade object visible to the naked eye from space. But Rio Tinto's Bingham Canyon open-cast mine in Salt Lake City, Utah, is too. And now the operation, which has produced more copper than any other mine, has come into the sights of Beijing. (Fri, 27 Feb 2009 09:35:54 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Fri, 27 Feb 2009 11:49:38 GMT)
G20: Economic snapshot
A look at how the global economic crisis is affecting each member of the G20 group of countries, which is due to meet in London in April. (Fri, 27 Feb 2009 13:07:49 GMT)
Silver in a Deflation
What a difference one week makes! With a gold price daring the $1000 mark in defiance, boldness prevailed, investors took heart, analysts cheered, and the establishment cringed. (Fri, 27 Feb 2009 14:49:41 GMT)
Gold: Musings & Peptalk
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. (Fri, 27 Feb 2009 15:56:20 GMT)
Obama May Put Fannie, Freddie on Federal Budget, Orszag Says
Feb. 27 (Bloomberg) -- Fannie Mae and Freddie Mac ’s $6.6 trillion of liabilities may be added to the federal budget once the Obama administration has time to review the potential consequences, White House budget director Peter Orszag said. (Fri, 27 Feb 2009 16:22:44 GMT)
Tetragon Financial Group Limited (TFG) Release of Performance for Full Year 2008
LONDON, February 27 /PRNewswire/ -- Tetragon Financial Group Limited (TFG) today announced its full year 2008 results and published its 2008 Annual Report, including audited financial statements for the year ending December 31, 2008. (Fri, 27 Feb 2009 21:30:32 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Fri, 27 Feb 2009 23:33:57 GMT)
China Briefs: Feb 25, 2009
News about China as reported around the world. (Sat, 28 Feb 2009 05:33:07 GMT)
German 'bad bank' in Dublin adds to Irish concerns
News on Friday that WestLB, one of Germany’s biggest banking casualties of the financial crisis, has a bad bank in Dublin has highlighted Ireland as a possible destination for toxic assets. (Sat, 28 Feb 2009 07:05:18 GMT)
GM bondholders may drive merger with Chrysler
General Motors Corp. bondholders could push for a merger with Chrysler LLC if they believe their investment would be better protected with one super-sized automaker, a Citigroup Global markets analyst said. (Sat, 28 Feb 2009 08:59:16 GMT)
Brother, can you spare a loan?
If anyone qualifies for a business loan, it might be Frank Dsouza. His Salt Lake City-based import, manufacturing and distribution company, Seaich Corp. (Sat, 28 Feb 2009 23:07:19 GMT)
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