Debt Consolidation News Mar 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. (Sun, 01 Mar 2009 00:47:37 GMT)
Aussies reducing debt on economic fears
A slowing economy and a fear of losing their job is motivating many Australians to slash their debt, economists say. In recent months, personal credit growth has slowed to rates last seen in the 1991-92 recession. (Sun, 01 Mar 2009 04:10:03 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. (Sun, 01 Mar 2009 07:07:14 GMT)
Simple Steps to Achieve a Better Credit Score
(ARA) - Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (Sun, 01 Mar 2009 07:56:27 GMT)
The US model
The rating agency has sounded an alarm and it is for the Government to take necessary action to rectify the fiscal position by the time the full Budget is unveiled. (Sun, 01 Mar 2009 18:12:00 GMT)
The Changing Face of Banking
When the Federal Government announced its decision Thursday to fully deregulate the downstream sector of the oil industry, all the newspapers took notice. The next day, the headlines were pretty much predictable. (Mon, 02 Mar 2009 02:34:50 GMT)
Ipsen’s Full Year 2008 Results
(Mon, 02 Mar 2009 06:03:48 GMT)
*vwd/BUSINESS WIRE: Ipsen’s Full Year 2008 Results part_2/2
(358,400) (321,052) (37,348) 11.6% General and administrative (85,899) (80,429) (5,470) 6.8% expenses Total (444,299) (401,481) (42,818) 10.7% Selling, general and administrative expenses rose by 10.7% year-on-year. (Mon, 02 Mar 2009 06:19:12 GMT)
Vivendi: 2008 Goals Reached
Regulatory News: (Mon, 02 Mar 2009 08:06:59 GMT)
Nigeria: The Changing Face of Banking
Lagos — When the Federal Government announced its decision Thursday to fully deregulate the downstream sector of the oil industry, all the newspapers took notice. The next day, the headlines were pretty much predictable. (Mon, 02 Mar 2009 08:17:16 GMT)
Peer-to-peer lending gains power amid fiscal woes
It’s a familiar practice: To earn interest, deposit money in a bank; to borrow, secure a bank loan or charge on credit cards. But as traditional financial approaches have come under fire in the wake of investment bank failures and FDIC takeovers, consumers are considering alternatives. For some, the idea of “cutting out the middleman” has expanded from buying wholesale or exchanging goods ... (Mon, 02 Mar 2009 08:18:38 GMT)
8 Ways To Help Family Members In Financial Trouble
What do you do when a family member becomes unemployed? Or suffers an unexpected injury and can't work or has insufficient insurance to cover mounting medical bills? How do you respond when you learn a loved one can't pay their bills? (Mon, 02 Mar 2009 09:13:29 GMT)
Sunrise Reports Financial Results for Fourth Quarter and Full-Year 2008
In discussions with lenders to restructure debt - (Mon, 02 Mar 2009 12:00:00 GMT)
Pushed off the fast track
Sonja Tonnesen got exactly what she wanted when she came to New York from Boston a year and a half ago. (Mon, 02 Mar 2009 13:32:01 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Mon, 02 Mar 2009 13:56:09 GMT)
HSBC closing six consumer finance offices in Washington area
HSBC Holdings Plc is shuttering its consumer finance stores nationwide, including six locations in the Washington area. (HBC) (Mon, 02 Mar 2009 21:07:24 GMT)
MasTec Reports Record Revenue and Net Income and Reaffirms Guidance for 2009
Fourth Quarter Revenue Increased 51% (Mon, 02 Mar 2009 21:52:00 GMT)
MasTec Reports Record Revenue and Net Income and Reaffirms Guidance for 2009
CORAL GABLES, Florida, March 2 /PRNewswire/ -- - Fourth Quarter Revenue Increased 51% - Fourth Quarter Diluted EPS Increased 136% - Record Annual Revenue and Net Income MasTec, Inc. (NYSE: MTZ) today announced another record quarter and year for both revenue and net income. (Mon, 02 Mar 2009 22:45:08 GMT)
Delta Petroleum Corporation Announces 2008 Annual and Fourth Quarter Results
IN F&D COSTS DECREASE TO $1.37 PER MCFE (Tue, 03 Mar 2009 00:01:00 GMT)
Local Beneficial Financial branch closing
BLOOMINGTON -- A local branch of Beneficial Financial is among 800 branches that parent company HSBC Bank will close nationwide. (Tue, 03 Mar 2009 00:04:11 GMT)
Tale of 2 Aso Rock Meetings
Since the briefing on the meeting of the presidential steering committee on the global economic crisis chaired by President Yar’ Adua, I have had many readers ask cheekily if that was the result of the dream meeting reported here last week. (Tue, 03 Mar 2009 01:04:50 GMT)
Charter Group Seeks Debt Help From School
ROGERS -- The continuing meltdown of the economy doesn't just have Wall Street and investors jumpy -- it also has Benton County School Of The Arts officials twitching. (Tue, 03 Mar 2009 03:25:40 GMT)
Local Beneficial Financial branch closing
BLOOMINGTON -- A local branch of Beneficial Financial is among 800 branches that parent company HSBC Bank will close nationwide. (Tue, 03 Mar 2009 05:49:13 GMT)
Local Beneficial Financial branch closing
BLOOMINGTON -- A local branch of Beneficial Financial is among 800 branches that parent company HSBC Bank will close nationwide. | Video | HSBC to end U.S. consumer lending (Tue, 03 Mar 2009 07:04:23 GMT)
Nigeria: Tale of Two Aso Rock Meetings
Lagos — Since the briefing on the meeting of the presidential steering committee on the global economic crisis chaired by President Yar' Adua, I have had many readers ask cheekily if that was the result of the dream meeting reported here last week. (Tue, 03 Mar 2009 07:27:10 GMT)
Charter Group Seeks Debt Help From School
ROGERS -- The continuing meltdown of the economy doesn't just have Wall Street and investors jumpy -- it also has Benton County School Of The Arts officials twitching. (Tue, 03 Mar 2009 08:42:28 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Tue, 03 Mar 2009 10:43:54 GMT)
Scotiabank reports first quarter earnings of $842 million and announces dividend of 49 cents per share
Scotiabank recorded first quarter net income of $842 million, up $7 million or 1% from the same period last year. Diluted earnings per share were $0.80 compared to $0.82 in the same period a year earlier. (Tue, 03 Mar 2009 12:14:00 GMT)
Guest Q&A: TIB Bank’s chairman on Riverside Bank acquisition
Tom Longe of Naples, chairman and CEO of Naples-based TIB Bank, answers questions about TIB’s acquisition of failed Riverside Bank of the Gulf Coast, based in Cape Coral. TIB also participated in $37 million from the federal Troubled Assets Relief Plan (TARP). (Tue, 03 Mar 2009 18:45:15 GMT)
IMF Executive Board Approves US$3.8 Million PRGF Arrangement for São Tomé and Príncipe
The Executive Board of the International Monetary Fund (IMF) has approved a three-year, SDR 2.59 million (about US$3.8 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for São Tomé and Príncipe, to support the authorities' economic program. (Tue, 03 Mar 2009 20:06:34 GMT)
Expert advice on keeping your credit score golden
Back when property values were going nowhere but up, many lenders were more concerned about doing deals and less with credit scores, which range from a low of 300 to a high of 850. Consumers could get loans - many not at good rates - with scores as low as 580. (Wed, 04 Mar 2009 01:47:02 GMT)
HSBC Holdings ratings unaffected by 2008 earnings announcement
Standard & Poor's Ratings Services said that its ratings and outlook on HSBC Holdings PLC (HSBC; AA-/Negative/A-1+) are unchanged following today's announcement by HSBC of 2008 earnings and a planned (Wed, 04 Mar 2009 03:15:48 GMT)
Asian Currencies: Ringgit, Singapore Dollar Drop on Slowdown
March 4 (Bloomberg) -- Malaysia’s ringgit traded near the weakest in three years and the Singapore dollar approached a two- year low on concern that a prolonged recession will undermine the region’s export-led economies. (Wed, 04 Mar 2009 09:28:56 GMT)
Mercantile Bancorp Announces 2008 Results
Mercantile Bancorp, Inc. today reported an unaudited net loss of $8.8 million or $(1.01) per share for the year ended December 31, 2008, compared with net income of $10 million or $1.15 per share in 2007. (Wed, 04 Mar 2009 12:00:00 GMT)
Strongco Announces Fourth Quarter and 2008 Year-End Results
MISSISSAUGA, ONTARIO-- - Strongco Income Fund today released unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008. (Wed, 04 Mar 2009 12:32:11 GMT)
Parque Arauco Reports Results for 2008 Full Year and Fourth Quarter
(Wed, 04 Mar 2009 19:18:48 GMT)
Alesco Financial Inc. Announces Fourth Quarter and Fiscal Year End 2008 Financial Results
Alesco Financial Inc. , a specialty finance real estate investment trust, today announced financial results for the three-months and twelve-months ended December 31, 2008. (Wed, 04 Mar 2009 23:23:00 GMT)
Financial Services Industry Continues Bleeding Money, Jobs
London-based HSBC's disclosure of plans to shut down operations at 775 U.S. branches of its HFC and Beneficial personal lending units and eliminate 6,100 jobs in the process is the latest in the bloodletting in the financial services industry. The... (Thu, 05 Mar 2009 01:40:23 GMT)
Trican- 2008 Fourth Quarter and Year End Results
CALGARY, ALBERTA-- - Trican Well Service Ltd. : (Thu, 05 Mar 2009 01:55:09 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Thu, 05 Mar 2009 07:29:09 GMT)
Simple Steps to Achieve a Better Credit Score
(ARA) - Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (Thu, 05 Mar 2009 10:26:13 GMT)
Cash Is King For Renault's Pelata
The automaker's chief operating officer talks to Forbes about money, the industry crisis and government help. (Thu, 05 Mar 2009 10:34:19 GMT)
Gabriel Resources Ltd: Fourth Quarter 2008 Report
TORONTO, CANADA-- - Gabriel Resources Ltd. - (Thu, 05 Mar 2009 11:00:50 GMT)
Picking through asset rubble for good buys
THE taxpayer-backed Future Fund is considering taking bigger stakes in battered asset classes that many investors have abandoned, including property, infrastructure and hedge funds. (Thu, 05 Mar 2009 13:02:28 GMT)
Picking through asset rubble for good buys
THE taxpayer-backed Future Fund is considering taking bigger stakes in battered asset classes that many investors have abandoned, including property, infrastructure and hedge funds. (Thu, 05 Mar 2009 13:03:57 GMT)
Fund eyes 'battered assets'
Taxpayer-backed Future Fund considers taking bigger stakes in battered asset classes that many investors have abandoned. (Thu, 05 Mar 2009 13:16:28 GMT)
Stocks End Higher
The major indexes rose more than 2% after five days of losses. Commodities prices moved up, while China may announce a stimulus package. (Thu, 05 Mar 2009 13:22:13 GMT)
Taiwan DRAM bailout leads to creation of single company
Taiwan plans to merge its indebted DRAM memory chip makers into a single company called Taiwan Memory Company (TMC) in an... (Thu, 05 Mar 2009 15:26:05 GMT)
NuVista Energy Ltd. Announces 2008 Year End Results
CALGARY, ALBERTA-- - NuVista Energy Ltd. is pleased to announce its financial and operating results for the three months and year ended December 31, 2008 as follows: (Thu, 05 Mar 2009 23:38:07 GMT)
Spain Said to Prepare First Regional Bank Bailout to Aid Merger
March 6 (Bloomberg) -- Spain’s government is preparing to help bail out regional savings bank Caja Castilla La Mancha to pave the way for a merger with larger Unicaja, two people familiar with the talks said. (Fri, 06 Mar 2009 00:45:45 GMT)
MCG Capital Corporation Reports Fourth Quarter and Annual 2008 Results
MCG Capital Corporation announced today its financial results for the quarter and year ended December 31, 2008. (Fri, 06 Mar 2009 01:47:00 GMT)
Obama’s Bloom, Rattner Plan Monday Visit to See Detroit at Work
March 6 (Bloomberg) -- President Barack Obama’s chief auto advisers, Ronald Bloom and Steven Rattner, plan a one-day trip to Detroit next week to meet with executives at General Motors Corp. and Chrysler LLC, people familiar with the matter said. (Fri, 06 Mar 2009 05:01:00 GMT)
Simple Steps to Achieve a Better Credit Score
(ARA) - Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (Fri, 06 Mar 2009 07:31:01 GMT)
Spain Said to Plan Savings Bank Bailout to Aid Merger (Correct)
(Corrects currency conversion in second paragraph.) March 6 (Bloomberg) -- Spain’s government is preparing to help bail out regional savings bank Caja Castilla La Mancha to pave the way for a merger with larger Unicaja, two people familiar with the talks said. (Fri, 06 Mar 2009 07:38:02 GMT)
Spain Said to Plan Savings Bank Bailout to Aid Merger (Update1)
March 6 (Bloomberg) -- Spain’s government is preparing to help bail out regional savings bank Caja Castilla La Mancha to pave the way for a merger with larger Unicaja, two people familiar with the talks said. (Fri, 06 Mar 2009 08:59:48 GMT)
(AFX UK Focus) 2009-03-06 15:15 US FED: Philly Fed's Plosser Proposes 'Systemic Risk' Monitoring
Washington, March 6 - Philadelphia FRB President Charles Plosser (non-voter) suggested today that financial regulators be given the authority to unwind systemically important pieces of "too big to fail" financial firms to ensure the overall soundness of the financial system. In remarks in New York today, Plosser said such a system would require regulators to closely examine firms and decide ... (Fri, 06 Mar 2009 15:36:18 GMT)
Eight ways to help family members in financial trouble
What do you do when a family member becomes unemployed? Or suffers an unexpected injury and can't work or has insufficient insurance to cover mounting medical bills? How do you respond when you learn a loved one can't pay their bills? (Fri, 06 Mar 2009 16:24:32 GMT)
Helping family members in financial trouble
SPOKANE, Wash. - How do you respond when a loved one can't pay their bills? Here are a few ways you can help your family members in trouble - without hurting yourself financially. (Fri, 06 Mar 2009 18:43:21 GMT)
Lebanon—2009 Article IV Consultation Mission Mission Concluding Statement
1. An International Monetary Fund (IMF) mission visited Beirut February 19-March 5, 2009 to hold discussions for the 2009 Article IV consultation. (Sat, 07 Mar 2009 00:21:36 GMT)
Simple Steps to Achieve a Better Credit Score
(ARA) - Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (Sat, 07 Mar 2009 12:12:34 GMT)
CIBC BOOKS IN A MESS
Non-performing loans on the books of the state-impounded CL Financial-owned Clico Investment Bank (CIB) could account for over 20 per cent, significantly more than the industry standard of two-to-three per cent, sources close to the bank have disclosed. (Sun, 08 Mar 2009 04:00:08 GMT)
5 Bad Borrowing Decisions
There are many good reasons to borrow on your home's equity and smart ways to go about it, but in some cases it's always a bad move. Here Carmen Petote, a Certified Financial Planner at Allegiance Financial Advisors in Pittsburgh, helps you avoid these borrowing pitfalls. (Sun, 08 Mar 2009 20:25:56 GMT)
The Last Days of the Oligarchs?
The men who saw themselves at the Carnegies or Rockefellers of Russia may soon be thrown into the dustbin of history by the economic crisis. (Sun, 08 Mar 2009 21:12:14 GMT)
Detroit's Other Crisis
A GM failure would deal a staggering blow to the economy. A collapse of its supplier network would be just as devastating. (Mon, 09 Mar 2009 10:05:16 GMT)
Stocks set to open lower after Merck deal
Stock futures were lower Monday as a $41 billion deal between drugmakers Merck and Schering-Plough did little to jolt investors out of their pessimistic mood. World stock markets sank amid concerns about the length and depth of the global economic downturn... (Mon, 09 Mar 2009 11:10:17 GMT)
Stocks set to open lower after Merck deal
Big acquisitions tend to galvanize the market, but not this time (Mon, 09 Mar 2009 11:18:10 GMT)
The Last Days of the Oligarchs?
They are larger-than-life figures at home and abroad, men who saw themselves as the Carnegies or Rockefellers of Russia. They are known as oligarchs, and they may soon be thrown into the dustbin of history by the economic crisis, The New York Times’s Andrew E. Kramer writes. (Mon, 09 Mar 2009 11:24:53 GMT)
Stocks open lower after Merck deal
NEW YORK -- Stock futures were lower today as a $41 billion deal between drugmakers Merck and Schering-Plough did little to jolt investors out of their pessimistic mood. (Mon, 09 Mar 2009 13:01:23 GMT)
Stocks set to open lower after Merck deal
NEW YORK — Stock futures were lower Monday as a $41-billion (U.S.) deal between drug makers Merck and Schering-Plough did little to jolt investors out of their pessimistic mood. (Mon, 09 Mar 2009 13:03:01 GMT)
Credit Crisis Leaves Defaulted Student Loan Borrowers Stranded
Each month, some 15,000 defaulted student loan borrowers join the ranks of those who, despite having brought their defaulted student loans current, are being forced to remain in default and suffer the continuing stain on their credit. (Mon, 09 Mar 2009 13:05:00 GMT)
Stocks set to open lower after Merck deal
Stock futures were lower Monday as a $41 billion deal between drugmakers Merck and Schering-Plough did little to jolt investors out of their pessimistic mood. (Mon, 09 Mar 2009 13:13:23 GMT)
Stocks set to open lower on Merck deal
Stock futures were lower Monday as a $41 billion deal between Merck and Schering-Plough did little to jolt investors out of their pessimistic mood. (Mon, 09 Mar 2009 13:21:01 GMT)
Stocks open lower as Merck, Schering-Plough announce $41B deal
NEW YORK (AP) — Stocks are falling as a $41 billion deal between drugmakers Merck and Schering-Plough does little to jolt investors out of their pessimistic mood. (Mon, 09 Mar 2009 13:43:28 GMT)
Get out of debt and avoid bankruptcy
Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they’re deeply in debt. (Mon, 09 Mar 2009 13:58:34 GMT)
Stocks higher after Merck and Schering-Plugh announce deal
In early trading, the Dow Jones industrial average rose 77.89, or 1.2 percent, to 6,704.83. (Mon, 09 Mar 2009 14:48:22 GMT)
Stocks turn higher after Merck deal
NEW YORK -- Wall Street managed an advance Monday after a drugmakers Merck and Schering-Plough announced a $41 billion deal. Big acquisitions tend to galvanize the stock market, and news of the Merck-Schering-Plough deal did help lift stocks from an... (Mon, 09 Mar 2009 14:58:13 GMT)
Stocks turn higher after Merck deal
Wall Street managed an advance Monday after a drugmakers Merck and Schering-Plough announced a $41 billion deal. (Mon, 09 Mar 2009 14:58:56 GMT)
Stocks turn higher after Merck deal
Wall Street managed an advance Monday after a drugmakers Merck and Schering-Plough announced a $41 billion deal. Big acquisitions tend to galvanize the stock market, and news of the Merck-Schering-Plough deal did help lift stocks from an early decline. (Mon, 09 Mar 2009 14:58:56 GMT)
Building sale a sign of the Times
The New York Times Co. said yesterday it gained more financial flexibility by selling 21 floors of its iconic headquarters building in midtown Manhattan for $225 million (U.S.). (Tue, 10 Mar 2009 08:48:37 GMT)
Ghana: Red Flags Over Duffuor's 2009 Budget
We should commend the Honourable Minister of Finance for a valiant effort at producing a relatively bold and comprehensive budget for 2009. The document and the parliamentary address that launched it were replete with lofty sentiments and noble intentions. (Tue, 10 Mar 2009 09:56:43 GMT)
Daily Herald
NEW YORK (AP) — Wall Street managed an advance Monday after a drugmakers Merck and Schering-Plough announced a $41 billion deal. Big acquisitions tend to galvanize the stock market, and news of the Merck-Schering-Plough deal did help lift stocks from an early decline. (Tue, 10 Mar 2009 11:29:22 GMT)
Centerline Holding Company Reports Fourth Quarter 2008 Financial Results
NEW YORK----Centerline Holding Company , the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced financial results for the fourth quarter and twelve months ended December 31, 2008. (Tue, 10 Mar 2009 12:30:00 GMT)
Get out of debt and avoid bankruptcy
Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they’re deeply in debt. (Tue, 10 Mar 2009 13:14:24 GMT)
Women Cut Back as More Americans Worry About Finances
Thirty-two percent of Americans in 2008, nearly twice as many as in 2007, said they were financially worse off compared to the previous year, a year-end Consumer Reports survey indicated, with women more concerned about finances than men. (Tue, 10 Mar 2009 17:07:00 GMT)
Banking and Financial
In the current economic environment the business issues which arise in the course of negotiating the documentation governing new Funds, as well amending existing Fund terms, will be different than in the era of easy and cheap credit which fueled the leveraged buyout boom of 2002-2007. (Tue, 10 Mar 2009 17:28:31 GMT)
Zargon Energy Trust Announces 2008 Fourth Quarter and Full Year Results
CALGARY, ALBERTA-- - Zargon Energy Trust today announced its operating and financial results for the fourth quarter and year ended December 31, 2008. (Tue, 10 Mar 2009 21:01:02 GMT)
Dim Prospect: Inside the demise of Amador's only auto mall
It was late February when the gleaming monolith of glass and pale gray concrete went dark for what seemed like the final time. (Tue, 10 Mar 2009 22:12:22 GMT)
Money 911: Be proactive about your finances
What's the best way to utilize your financial planner? How should one take advantage of lower interest rates? TODAY financial editor Jean Chatzky and CNBC’s Carmen Wong Ulrich offer advice on protecting your credit, investments and more. (Tue, 10 Mar 2009 23:21:56 GMT)
Japan Hot Stocks-Resona, JGC, Seiko Epson, Pacific Holdings
TOKYO, March 11 (Reuters) - The benchmark Nikkei average jumped 4.5 percent and the broader TOPIX gained 2.9 percent as of 0548 GMT on Wednesday. (Wed, 11 Mar 2009 05:55:45 GMT)
Japan Hot Stocks-Resona, JGC, Seiko Epson, Pacific Holdings
TOKYO, March 11 (Reuters) - The benchmark Nikkei average jumped 4.5 percent and the broader TOPIX gained 2.9 percent as of 0548 GMT on Wednesday. (Wed, 11 Mar 2009 05:55:45 GMT)
Get out of debt and avoid bankruptcy
Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they’re deeply in debt. (Wed, 11 Mar 2009 08:29:59 GMT)
Bill targets debt-management services
Even as Oregon's economy sags, the state is gearing up to regulate a growing number of debt-management agencies offering to help cash-strapped consumers pare down their credit-card balances or modify home mortgages or car loans — for a price. (Wed, 11 Mar 2009 10:16:27 GMT)
Viterra Announces Its First Quarter Financial Results
REGINA, SASKATCHEWAN-- - Viterra : (Wed, 11 Mar 2009 12:30:17 GMT)
Ford to cut wages in UAW deal
Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the "ballpark" of foreign-based rivals. (Wed, 11 Mar 2009 17:22:06 GMT)
Ford-UAW deal cuts wages to $55 an hour
By David Bailey (Wed, 11 Mar 2009 17:27:17 GMT)
Cash Is King For Renault's Pelata
The automaker's chief operating officer talks to Forbes about money, the industry crisis and government help. (Wed, 11 Mar 2009 21:43:27 GMT)
Ford-UAW deal cuts wages to $55 an hour
Ford Motor Co expects operating savings of $500 million per year from an agreement with the United Auto Workers that also will make its labor costs competitive with Japanese rivals, the company said on Wednesday. (Wed, 11 Mar 2009 23:56:56 GMT)
Credit Card Offer Costing Consumers Money
A recent credit card deal is attracting consumer attention, but the end result has been more debt for some. (Thu, 12 Mar 2009 00:10:29 GMT)
Get out of debt and avoid bankruptcy
Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they’re deeply in debt. (Thu, 12 Mar 2009 06:34:53 GMT)
Ford's Wayne Assembly to sit mostly idle as Focus goes next door
As Ford Motor Co. revealed Wednesday the details of its newly ratified contract, which is expected to save the automaker more than $500 million a year, local autoworkers were adjusting to big changes with break times and holidays that appear to have saved their jobs. (Thu, 12 Mar 2009 07:17:56 GMT)
SUSAN TOMPOR: Fake credit union called real scam
Consumers looking for a break on a loan are being warned to watch out for scam artists promoting a fake credit union on the Internet. (Thu, 12 Mar 2009 07:18:16 GMT)
Hanesbrands Inc. Successfully Amends Its First-Lien Credit Agreement and Sets 2009 Debt-Reduction Goal
WINSTON-SALEM, N.C.----Hanesbrands Inc. announced today that it has successfully amended its first-lien credit agreement with debt holders and set a goal to reduce its long-term debt in 2009 by at least $300 million. (Thu, 12 Mar 2009 12:29:00 GMT)
Council OKs loans to help city meet expenses
PAWTUCKET — With several members expressing their disapproval, the City Council nevertheless voted 8 to 1 to authorize City Finance Director Ronald Wunschel to seek $3 million in tax anticipation notes to cover an anticipated shortfall in finances for the coming quarter. (Fri, 13 Mar 2009 02:59:09 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Fri, 13 Mar 2009 06:31:35 GMT)
Ask Barbara
Q We have a studio apartment in Ridgewood, Queens. It's a regular studio, but it has a FULL basement. I think this would be a great place for an artist or a designer, i.e., someone who needs studio space. Can you suggest where. (Fri, 13 Mar 2009 06:33:43 GMT)
DEBT COUNSELLING
off for many South Africans who are sinking deeper into debt. The economic decline, interest rate hikes and petrol, food and electricity price increases - which have outpaced salary increases - are all increasing the pressure. (Fri, 13 Mar 2009 09:49:22 GMT)
Associated Materials and AMH Holdings Report Fourth Quarter and Year-End Results
Associated Materials today announced results for the quarter and fiscal year ended January 3, 2009. Financial highlights are as follows: (Fri, 13 Mar 2009 11:30:00 GMT)
Choosing the Best Way to Get Out of Debt
If you are in debt, consider all your options before deciding whether to use a debt consolidation loan, a credit counseling service, or other method to help reduce it. (Fri, 13 Mar 2009 12:00:00 GMT)
Reis, Inc. Announces Fourth Quarter and Annual Results for 2008
NEW YORK----Reis, Inc. , a leading provider of commercial real estate market information and analytical tools, announced its financial results and operational achievements for the fourth quarter and year ended December 31, 2008. (Fri, 13 Mar 2009 13:19:00 GMT)
A new career at 62 years old
Gerri Willis, CNN's personal finance editor, answers readers' questions, providing actionable advice in this difficult economy. (Fri, 13 Mar 2009 14:40:15 GMT)
Grant Thornton LLP Predicts a Collapse of Automotive Supply Chain
DETROIT, March 13, 2009: The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. But the most immediate and pervasive risk is a wholesale collapse of the automotive supply base, according to Grant Thornton LLP partner Laura Marcero. (Fri, 13 Mar 2009 22:17:29 GMT)
Debt woes rise
Millions of Americans are in debt. So, it’s not surprising that debt consolidation agencies are popping up all over the country to help. “It is a huge market out there,” said Mike Hanneman, a certified financial counselor with Consumer Credit Counseling Service in St. Joseph. (Sat, 14 Mar 2009 05:07:50 GMT)
Organize Debt Consolidation Quickly and Easily
(ARA) - Until recently, Ken Goins of Woodland Hills, Calif. was like most Americans -- he carried a balance on several credit cards. The weight of the balance became heavier and heavier, and Goins just wanted to end his debt. (Sat, 14 Mar 2009 10:30:52 GMT)
March 14, 2009 | 16:19 IST
Mr. KK Sharma, Executive Director, Bank of Rajasthan , has over 32 years of experience in the banking industry. Prior to joining Bank of Rajasthan (BoR), he was with IndusInd Bank as Vice-President. (Sat, 14 Mar 2009 10:49:32 GMT)
Simple Steps to Achieve a Better Credit Score
(ARA) - Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (Sun, 15 Mar 2009 06:29:50 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Sun, 15 Mar 2009 07:41:35 GMT)
Grant Thornton LLP Predicts a Collapse of Automotive Supply Chain
DETROIT -- The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. But the most immediate and pervasive risk is a wholesale collapse of the automotive supply base, according to Grant Thornton LLP partner Laura Marcero. (Sun, 15 Mar 2009 15:01:23 GMT)
Irish Banks Reeling From the Bursting of Property Bubble
Ireland's property bubble has burst, sending its banking industry -- and economy -- into a downward spiral. But bank consolidation and automation efforts may help the small island's financial technology sector regain its roar. (Mon, 16 Mar 2009 03:10:49 GMT)
Irish Banks Reeling From Bursting of Property Bubble
Ireland's property bubble has burst, sending its banking industry — and economy — into a downward spiral. But bank consolidation and automation efforts may help the small island's financial technology sector regain its roar. (Mon, 16 Mar 2009 03:10:59 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Mon, 16 Mar 2009 09:14:11 GMT)
SONOMA COUNTY RETAIL: Retail landscape being transformed by economy
SONOMA COUNTY - It is almost impossible to read a newspaper or listen to a news broadcast that does not mention the effect the economy has had on the retail industry. Circuit City, Mervyn’s, Linens N Things, Sharper Image, KB Toys and Levitz are among brands that have ceased to exist. Additionally, as retail traffic decreases, many more retailers... (Mon, 16 Mar 2009 10:01:20 GMT)
Momentive Performance Materials Inc. Reports Fiscal Year 2008 Results
ALBANY, N.Y.----Momentive Performance Materials Inc. today reported its consolidated results for the fiscal year ended December 31, 2008. Highlights for fiscal year 2008 include: Net sales of $2.639 billion compared to $2.538 billion in the fiscal year ended December 31, 2007, an increase of 4.0%. (Mon, 16 Mar 2009 12:30:00 GMT)
Ag Growth Announces 2008 Results and Distributions for March, April and May 2009
WINNIPEG, MANITOBA-- - Ag Growth Income Fund today reported its financial results for the three and twelve months ended December 31, 2008. The Fund reported sales, EBITDA and net earnings as follows : (Mon, 16 Mar 2009 12:30:57 GMT)
Ag Growth Announces 2008 Results and Distributions for March, April and May 2009
WINNIPEG, MANITOBA--(Marketwire - March 16, 2009) - Ag Growth Income Fund (TSX:AFN.UN) today reported its financial results for the three and twelve months ended December 31, 2008. The Fund reported sales, EBITDA and net earnings as follows (in thousands of dollars): /T/ ---------------------------------------------------------------------------- Periods Ended December 31 ... (Mon, 16 Mar 2009 13:01:29 GMT)
High School Students Across Canada to Benefit From Funny Money Assembly Program
TORONTO, ONTARIO--(Marketwire - March 16, 2009) - Investor Education Fund, in partnership with the Investment Industry Regulatory Organization of Canada (IIROC), is expanding its sponsorship of the Funny Money for High Schools Assembly Program to a national audience. This program educates youth about the basics of personal finance including credit, debt and savings and uses a unique ... (Mon, 16 Mar 2009 15:32:21 GMT)
Zhongpin, Inc. Announces Record Fourth Quarter and Full Year 2008 Results
Zhongpin Inc. , a leading meat and food processing company in the People's Republic of China , today reported financial results for the fourth quarter and year ended December 31, 2008. (Mon, 16 Mar 2009 21:00:00 GMT)
WA News
More than half of mortgagees at risk of foreclosure could save their home through a range of little-known hardship measures, financial arrangements and legal loopholes, according to the Consumer Credit Legal Society. (Mon, 16 Mar 2009 22:25:10 GMT)
Rattner: Bankruptcy not best for auto industry
WASHINGTON -- President Barack Obama's automotive task force doesn't see bankruptcy as the best solution for the industry's woes and has "a fair amount of power" to prod company mergers if it sees a need, its chief adviser said Monday. (Tue, 17 Mar 2009 07:16:55 GMT)
Obama auto task force: Bankruptcy is 'not our goal'
WASHINGTON - President Barack Obama's automotive task force doesn't see bankruptcy as the best solution for the industry's woes, and has "a fair amount... (Tue, 17 Mar 2009 12:51:18 GMT)
Worse coming for LPTs
FASTEN your seatbelts: the bombed-out listed property trust (LPT) sector is about to put investors through more agony. (Tue, 17 Mar 2009 13:00:00 GMT)
Zodiac Falls as Profit Will Miss Target on Car Slump (Update1)
March 17 (Bloomberg) -- Zodiac Aerospace SA , the French maker of aircraft seats and automotive components, fell the most in more than seven years in Paris trading after saying it will miss an earnings target because of declining auto air-bag sales. (Tue, 17 Mar 2009 13:28:39 GMT)
Zodiac Falls as Profit Will Miss Target on Car Slump (Update1)
March 17 (Bloomberg) -- Zodiac Aerospace SA , the French maker of aircraft seats and automotive components, fell the most in more than seven years in Paris trading after saying it will miss an earnings target because of declining auto air-bag sales. (Tue, 17 Mar 2009 17:12:33 GMT)
Zodiac Falls as Profit Will Miss Target on Car Slump (Update2)
March 17 (Bloomberg) -- Zodiac Aerospace SA , the French maker of aircraft seats and automotive components, fell the most since it began trading in 1993 after saying it will miss an earnings target because of declining auto air-bag sales. (Tue, 17 Mar 2009 17:22:07 GMT)
Real estate sector to see consolidation soon
After mergers in the Indian sky, it is now time for consolidation in real estate sector which is feeling constrained by rising interest rates and falling inflow of funds, industry experts feel. (Wed, 18 Mar 2009 09:04:16 GMT)
TRIS Rating Assigns New Subordinated Issue Rating of “TBANK” at “A”
TRIS Rating Co., Ltd. has maintained the ratings of Thanachart Bank PLC (TBANK) and its bills of exchange (B/E) at “A+” and has also affirmed the rating of TBANK’s current subordinated debentures at “ (Thu, 19 Mar 2009 00:59:20 GMT)
Nigeria: Senate Wants N56 Billion Loans to Ex-Bank Chiefs Recovered
Abuja — Worried by the whopping N56 billion owed the nation's distressed banks through insider abuse by their former directors, the Senate said it was collaborating with the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) in a bid to recover the debt. (Thu, 19 Mar 2009 08:45:20 GMT)
Financial crisis hitting higher education
Students who have loans with the college foundation of North Carolina are no longer able to consolidate outstanding debts. (Thu, 19 Mar 2009 09:34:41 GMT)
Nigeria: Failed Banks - Senate Moves to Recover N56 Billion Insider Debts
Abuja — Senators met with financial stakeholders on Wednesday and decided to recover N56 billion loans obtained by Directors and Chief Executives of failed banks. (Thu, 19 Mar 2009 11:29:30 GMT)
Expert Group, Inc. (PINKSHEETS: EXPU) Offers Government Insured FHA Loans
Expert Group, Inc. is now offering free quotes for Federal Housing Administration real estate loans. (Thu, 19 Mar 2009 12:45:00 GMT)
Expert Group, Inc. (PINKSHEETS: EXPU) Offers Government Insured FHA Loans
MIAMI, FL--(Marketwire - March 19, 2009) - Expert Group, Inc. ( PINKSHEETS : EXPU ) is now offering free quotes for Federal Housing Administration real estate loans. FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders like Expert Financing Inc. FHA loans have historically allowed ... (Thu, 19 Mar 2009 12:56:30 GMT)
Brembo Board of Directors approves the 2008 Draft Annual Report: Revenues +16.3% - EBITDA +2.9% - Net profit -38.3%
(ITnews) - (Hugin) - PRESS RELEASE Brembo Board of Directors approves the 2008 Draft Annual Report: - Revenues +16.3% - EBITDA +2.9% - Net profit -38.3% Dividend proposal of E0.225 per share (-19.6%). (Thu, 19 Mar 2009 14:56:19 GMT)
Bailout for car parts makers a hopeful sign for Detroit
If the government commits funds to suppliers it won't let the Big Three fail, conventional wisdom says. By deciding to give as much as $5 billion to struggling auto parts suppliers, the government could help keep afloat dozens of the companies that provide the seats, pistons and thousands of other components needed to assemble a car. (Thu, 19 Mar 2009 16:47:17 GMT)
Los Angeles Asks Obama: Health, Traffic, Disabilities, Student Loans*
President Barack Obama, flanked by California Gov. Arnold Schwarzenegger, right, and Los Angeles Mayor Antonia Villaraigosa waves at a town hall meeting at the Miguel Contreras Learning Complex in Los Angeles (AP Photo/Gerald Herbert) Preident Barack Obama spoke to a crowd of Angelenos for over an hour today at the Miguel Contreras Learning Complex near downtown. After his prepared remarks , he ... (Thu, 19 Mar 2009 22:57:39 GMT)
Tips to Get Out of Debt and Avoid Bankruptcy
(ARA) - Facing the most difficult economic conditions in decades, many Americans are sobering up to the fact that they're deeply in debt. (Fri, 20 Mar 2009 09:34:12 GMT)
Minister for Foreign Affairs of Serbia: daily survey of 19 March 2009
Updated news from Serbia Friday 20 March 2009, by Emanuele G. - 0 letture DAILY SURVEY - Belgrade,19. 03. 2009. (Fri, 20 Mar 2009 13:06:53 GMT)
Largo sign manufacturer ISD seeks bankruptcy protection
International Sign & Design Corp. has filed for Chapter 11 bankruptcy protection, and the move could mean contraction out of Alabama. (SNV) (Fri, 20 Mar 2009 16:33:30 GMT)
Drowning in Debt, Americans Experiencing Unhealthy Levels of Stress
Caught in the worst recession since the Great Depression, with the unemployment rate headed toward 10 percent, millions of debt-ridden Americans are more frequently reporting stress-related health problems, according to an Associated Press-AOL Health poll. (Fri, 20 Mar 2009 17:48:00 GMT)
Drowning in Debt, Americans Experiencing Unhealthy Levels of Stress
PHOENIX, AZ--(Marketwire - March 20, 2009) - Caught in the worst recession since the Great Depression, with the unemployment rate headed toward 10 percent, millions of debt-ridden Americans are more frequently reporting stress-related health problems, according to an Associated Press-AOL Health poll. And debt-help companies like Think Debt Relief are seeing more anxious consumers looking for ... (Fri, 20 Mar 2009 18:02:27 GMT)
Struggling to pay off your debt? Beware profit trollers
The mailing screamed "1040-1120S" in bold type across the top and "Personal and Confidential" below. A tax audit? Nope. It's a solicitation from Armored Debt Center, a California debt-settlement firm. Inside, an offer to erase a consumer's $24,307 credit-card debt... (Sat, 21 Mar 2009 02:18:04 GMT)
Organize Debt Consolidation Quickly and Easily
(ARA) - Until recently, Ken Goins of Woodland Hills, Calif. was like most Americans -- he carried a balance on several credit cards. The weight of the balance became heavier and heavier, and Goins just wanted to end his debt. (Sat, 21 Mar 2009 12:07:41 GMT)
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