Debt Consolidation News Dec 2009
(AFX UK Focus) 2009-12-01 06:15 Spanish stocks - Factors to watch on Tuesday
MADRID, Dec 1 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: (Tue, 01 Dec 2009 06:44:36 GMT)
(AFX UK Focus) 2009-12-01 06:35 Spanish stocks - Factors to watch on Tuesday
MADRID, Dec 1 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: SACYR, REPSOL Repsol's core shareholder Sacyr believes the oil company should hike its dividend by 2-7 percent, in line with other oil majors, and shift its strategic plan, Luis del Rivero ... (Tue, 01 Dec 2009 06:57:48 GMT)
ZT Group of Companies Has Three Entities Named to 2009 Aggie 100, Honoring Fastest-Growing Aggie Companies
HOUSTON, TX--(Marketwire - December 1, 2009) - Houston's ZT Group of Companies earned three spots among the top 100 companies named to the 5th Annual Aggie 100 honoring the fastest-growing companies in the world owned or operated by Texas A&M University former students. The three ZT Group subsidiaries earning this important distinction were: ZT Global Investments, Inc., ZT Financial Network, Inc ... (Tue, 01 Dec 2009 13:24:33 GMT)
Building societies in merger talks
Chelsea Building Society has confirmed it is in advanced merger discussions with its larger rival Yorkshire Building Society. It said the talks are part of a detailed review of its activities, financial position and corporate structure, which includes looking at the benefits of a possible merger. (Tue, 01 Dec 2009 14:57:00 GMT)
(AFX UK Focus) 2009-12-01 15:40 UPDATE 2-UK mutuals Chelsea, Yorkshire in merger talks
By Clara Ferreira-Marques (Tue, 01 Dec 2009 16:13:07 GMT)
Chelsea Building Society takeover sting for creditors
Creditors of ailing Chelsea Building Society are set to lose around £100million if its mooted takeover by the Yorkshire gets the green light. (Tue, 01 Dec 2009 16:40:39 GMT)
Confirmed: Yorkshire Building Society in merger talks
TWO of the UK's biggest building societies are locked in talks over a possible merger, it was confirmed today. (Tue, 01 Dec 2009 17:15:30 GMT)
Building societies in merger talks
Chelsea Building Society has confirmed it is in advanced merger discussions with its larger rival Yorkshire Building Society. Related Stories Pub chain to create 10,000 new jobs Xmas toy demand outstrips supply Manufacturing recovery slows BT pension deficit may cost rivals Relief as Dubai debt fears ease (Tue, 01 Dec 2009 17:17:35 GMT)
European stocks take breather as gold hits record
European stocks take breather as gold hits another new record high amid dollar weakness (Wed, 02 Dec 2009 11:21:30 GMT)
European stocks take breather as gold hits record
European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic newsout of the U.S. Meanwhile, gold struck another new record high as the dollar continued to weaken. (Wed, 02 Dec 2009 11:36:04 GMT)
European stocks take breather as gold hits record
LONDON - European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic news out of the U.S. Meanwhile, gold struck another new record high as the dollar continued to weaken. (Wed, 02 Dec 2009 11:39:00 GMT)
European stocks take breather as gold hits record
LONDON European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic news out of the U.S. Meanwhile, gold struck another new record hi... (Wed, 02 Dec 2009 11:53:21 GMT)
European stocks take breather as gold hits record
LONDON -- European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic news out of the U.S. Meanwhile, gold struck another new record high a... (Wed, 02 Dec 2009 11:56:07 GMT)
European stocks take breather as gold hits record
LONDON - European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic news out of the (Wed, 02 Dec 2009 12:38:00 GMT)
European stocks take breather as gold hits record
LONDON—European stock markets took a breather Wednesday following big gains the previous day as investors awaited key economic news out of the U. (Wed, 02 Dec 2009 13:03:52 GMT)
Gold Pushes Still Higher; European Markets Quiet
European stocks eased back as investors began to look ahead to the U.S. jobless report on Friday. Meanwhile, gold hit another record high as the dollar continued to weaken. (Wed, 02 Dec 2009 14:15:46 GMT)
European stocks take breather as gold hits record
Egyptian traders follow the Cairo stock exchange in Cairo. Hong Kong's Hang Seng gained 176.42, or 0.8 per cent, to 22,289.57 and South Korea's Kospi jumped 21.91 points, or 1.4 per cent, to 1,591.63.... (Wed, 02 Dec 2009 14:52:45 GMT)
Job losses loom but Yorkshire retains HQ as building societies merge
THE Yorkshire and Chelsea building societies announced plans today to merge in a deal that will lead to job losses but no windfall for members. (Wed, 02 Dec 2009 15:14:15 GMT)
Portugal—2009 Article IV Consultation Concluding Statement of the Mission
The global economic crisis has compounded Portugal’s pre-existing, home-grown, problems of anemic productivity growth, a large competitiveness gap, and high levels of debt. (Wed, 02 Dec 2009 18:27:34 GMT)
Ken Gerbino Was Right On The Money With His June 2009 Prediction For Gold Prices: What Else Was He Right About?
67 WALL STREET, New York - December 3, 2009 - The Wall Street Transcript has recently re-published its Q2 2009 Gold & Precious Metals Report offering a review of the sector as it appeared to serious investors and industry executives in the second quarter of this year. This 113 page feature contains predictions made through expert industry commentary during in-depth interviews with public company ... (Thu, 03 Dec 2009 05:42:00 GMT)
Toll Brothers Reports 4th Qtr and FY 2009 Results
HORSHAM, Pa. -- Toll Brothers, Inc. , the nation's leading builder of luxury homes, today reported a FY 2009 fourth-quarter net loss of $111.4 million, or $0.68 per share diluted. The loss included $85.5 million of non-cash pre-tax inventory write-downs, a pre-tax charge of $11.6 million due to early retirement of debt and a $14.6 million non-cash expense for deferred tax asset valuation ... (Thu, 03 Dec 2009 10:00:00 GMT)
Tips to manage credit card debt
(ARA) - Loan consolidation has its ups and downs, but, if handled properly, it can help a family afford to get out from under debt. The average American household had $8,329 in credit card debt in 2008, according to the Nilson Report in April. (Thu, 03 Dec 2009 11:43:58 GMT)
Russia Banks Ignore Government Calls to Raise Lending (Update2)
Dec. 3 (Bloomberg) -- Russia’s banks ignored government efforts to raise lending in October and reduced corporate and retail loan books, threatening to choke the commodity-reliant economy’s recovery from its worst decline on record. (Thu, 03 Dec 2009 13:19:19 GMT)
MONEY & BANKING
INSIGHT: Time to begin monetary exit The media and policymakers' attention is, no doubt, focussed on Dubai's sad slide into a debt trap. There are legitimate fears of a domino effect which could escalate into a full-blown international crisis. Memories go back to Russia (1998) ... (Thu, 03 Dec 2009 19:05:31 GMT)
OBC eyes 24% deposit growth in 09-10
State-owned Oriental Bank of Commerce on Thursday said it is looking at a deposit growth of 24% and 20-22% credit growth for this fiscal. (Thu, 03 Dec 2009 20:29:47 GMT)
Advance Nanotech Letter to Shareholders
MONTEBELLO, NY--(Marketwire - December 3, 2009) - Advance Nanotech, Inc. ( OTCBB : AVNA ) released the below letter to its shareholders today. December 3, 2009 Dear Shareholders, On November 25, 2009, Advance Nanotech's formerly majority owned subsidiary, Owlstone Nanotech, Inc. ("Owlstone"), closed on a series of transactions intended to advance the business of Owlstone. The transactions were ... (Thu, 03 Dec 2009 21:01:35 GMT)
Obama delivers closing remarks at White House jobs summit
PRESIDENT OBAMA: Thank you, everybody. (APPLAUSE) Thank you. Please be seated. We want to make sure we get in as much as discussion as possible in the remaining time that we have. I hope everybody enjoyed the breakout sessions. I had the opportunity to attend two of them for quite some time, and... (Thu, 03 Dec 2009 21:15:48 GMT)
Debt Consolidation: Worthwhile or Worthless? Total Debt Relief Explains
CHICAGO, IL--(Marketwire - 12/03/09) - We've all seen the TV commercials and heard the radio commercials touting debt consolidation and home equity loans as a way to pay off debt at a low, fixed interest rate. These offers can be enticing to consumers with their backs up against the wall. So the question in many people's minds is: does debt consolidation work? Consumers need to pay close ... (Thu, 03 Dec 2009 22:20:00 GMT)
Debt Consolidation: Worthwhile or Worthless? Total Debt Relief Explains
With Credit Card Debt a Major Issue and the Christmas Shopping Season in Full Swing, Consumer Advocate Explains Debt Consolidation and Other Debt Relief Programs (Thu, 03 Dec 2009 22:30:49 GMT)
Transport Finance Hits Treacherous Waters
When the CMA CGM Christoph Colomb pushed out of a South Korean shipyard early this month, the massive vessel set several records for its scale, but nothing was quite as breathtaking to the transportation industry as the equipment financing woes the container ship displaced on its way out to sea. (Fri, 04 Dec 2009 14:29:59 GMT)
Remarks by the President and Q&A at the Closing Session of the Forum on Jobs and Economic Growth
3:57 P.M. EST THE PRESIDENT: Thank you, everybody. Thank you. Please be seated. We want to make sure we get in as much discussion as possible in the remaining time that we have. I hope everybody enjoyed the breakout sessions. I had the opportunity to attend two of them for quite some time and enjoyed some terrific conversation and some great ideas. I heard a great deal of challenges this ... (Fri, 04 Dec 2009 14:52:44 GMT)
Assistant Secretary Michael S. Barr Remarks to Consumer Federation of America’s 21st Annual Conference, “The Consumer ...
Thank you, Steve for inviting me to speak to you today. Your conference today could not be more timely. This is truly a critical time in our work to reform consumer protection in financial services and more broadly, the system of regulation in the financial sector. (Fri, 04 Dec 2009 14:57:52 GMT)
Was That the Top? Silver and Precious Metals Stocks Provide Important Clues
The precious metals market is declining just as I mentioned in the previous essay , but before I proceed with providing you with my thoughts on the current situation, I would like to put this analysis into proper perspective. (Fri, 04 Dec 2009 21:30:50 GMT)
Nigeria : Bank Crisis and the Limits of Sanusi's Capitalist Reforms
So much has been written about the Nigerian bank crisis and the 'surgical' operations being carried out by the capitalist financial doctors, led by Central Bank of Nigeria (CBN) Governor Lamido Sanusi. (Sat, 05 Dec 2009 00:05:14 GMT)
Hard times for our mutual friends
AT THE annual lunch of the Building Societies Association (BSA) in London last month, chairman Graham Beale said: "The traditional values of building societies re (Sun, 06 Dec 2009 00:22:19 GMT)
Dave Ramsey: Things to consider before consolidating your loans
Dear Dave: I’ve got my beginner’s emergency fund in place, and I’m close to wiping out my consumer loan debt. (Sun, 06 Dec 2009 05:05:47 GMT)
Special Report: Challenges for the future
The way forward for cross-Causeway ties will need friendlier gestures from Malaysia, while Singapore will need to overcome its fear of losing competitiveness. In the concluding part of this special report, CLSA gives a Singaporean perspective. (Mon, 07 Dec 2009 07:32:22 GMT)
Nigeria : TUC Flaws 2010 Budget, Decries Rising Debt Burden
Abuja — The Trade Union Congress (TUC) has faulted various provisions of the 2010 budget for perceived inadequacies for various sectors which are in dire need of over-hauling to save the nation's economy, and develop its human capital. (Mon, 07 Dec 2009 11:03:21 GMT)
MetLife Announces 2010 Guidance & Expected 2009 Financial Results
NEW YORK----MetLife, Inc. today announced several financial targets for 2010 as well as its expected results for the fourth quarter and full year 2009. Members of MetLife’s senior management team will share these financial projections with investors and discuss the company’s businesses at MetLife’s annual investor conference beginning at 8:00 a.m. today. (Mon, 07 Dec 2009 12:00:00 GMT)
Interest free loans on offer
Michelle Sainsbery, Good Shepherd Youth and Family Services, and Rashid Habib, Community Development Worker with the Neighbourhood Centre, at the launch of No Interest Loans Scheme at the Fountain Room, Lismore City Hall. (Mon, 07 Dec 2009 16:10:16 GMT)
A Bad Omen In Dubai
No other country built a ski resort in a desert. No other country constructed an archipelago of 300 artificial islands, complete with a man-made reef colonized by parrot fish. (Mon, 07 Dec 2009 18:46:22 GMT)
Colgate, MetroPCS, NutriSystem, Qwest, RIM: U.S. Equity Movers
Dec. 7 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading . Stock symbols are in parentheses, and prices are as of 3 p.m. in New York. (Mon, 07 Dec 2009 22:16:13 GMT)
Ivar Krueger: Businessman Or Scam Artist?
Match monopolist Ivar Kreuger started as a brilliant businessman, but his high-flying lifestyle led to some shady dealings. (Mon, 07 Dec 2009 22:20:51 GMT)
Ivar Krueger: Businessman Or Scam Artist?
Ivar Kreuger is still a bit of an enigma in history. Unlike other large scale financial scandals, Kreuger's multi-million dollar meltdown was overshadowed by the traumatic events of the crash of 1929 and the ensuing depression. (Tue, 08 Dec 2009 09:09:14 GMT)
Prosper Sees Spike in Borrowers Seeking to Knock Out Credit Card Debt
SAN FRANCISCO----Prosper.com, the world’s largest peer-to-peer lending marketplace based on an independent report from Deutsche Bank, today released November 2009 performance data. Notable in November, the average credit score of funded borrowers was 718 and 54% of loans were for debt consolidation purposes. (Tue, 08 Dec 2009 14:53:00 GMT)
7. Are you facing more risks with your personal loans?
PETALING JAYA: The notion that personal loans are getting riskier with longer tenures amid the current economic climate does not hold water, as much depends on the size of the loan as well as the credit assessment and underwriting of individual banks, ... (Tue, 08 Dec 2009 23:37:07 GMT)
Forest City Reports Fiscal 2009 Third-Quarter and Year-to-Date...
CLEVELAND, Dec. 8/PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), today announced EBDT, net earnings and revenues for the three and nine months ended October 31, 2009. EB... (Wed, 09 Dec 2009 01:05:41 GMT)
Greece Downgrades May Pose Problem for Banks Getting ECB Loans
Dec. 9 (Bloomberg) -- Greek government bonds may not be eligible as collateral at the European Central Bank if the ECB reverts to pre-crisis rules in 2011, making it more difficult for Greece to borrow money. (Wed, 09 Dec 2009 02:09:31 GMT)
The return of the personal loan
With home equity borrowing vaporized and credit card limits tightening, some banks are going back to the past. But getting a loan isn't easy. (Wed, 09 Dec 2009 02:22:36 GMT)
Are you facing more risks with your personal loans
PETALING JAYA: The notion that personal loans are getting riskier with longer tenures amid the current economic climate does not hold water, as much depends on the size of the loan as well as the cred... (Wed, 09 Dec 2009 03:10:49 GMT)
Greece Downgrades May Hinder Banks Seeking ECB Loans (Correct)
(Corrects to show figure refers to ECB collateral, not Greek debt, in twelfth paragraph.) Dec. 9 (Bloomberg) -- Greek government bonds may not be eligible as collateral at the European Central Bank if the ECB reverts to pre-crisis rules in 2011, making it more difficult for Greece to borrow money. (Wed, 09 Dec 2009 11:29:02 GMT)
Greece Downgrades May Hinder Banks Seeking ECB Loans (Update1)
Dec. 9 (Bloomberg) -- Greek government bonds may not be eligible as collateral at the European Central Bank if the ECB reverts to pre-crisis rules in 2011, making it more difficult for Greece to borrow money. (Wed, 09 Dec 2009 12:37:37 GMT)
Greece Finance Minister Says No Risk of Default (Update1)
Dec. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said there is “absolutely” no risk the country will default on its debt or seek a European Union bailout after a credit rating cut caused its bonds to plunge. (Wed, 09 Dec 2009 13:04:28 GMT)
HIGHLIGHTS - Darling's 2009 pre-budget report to parliament
Below are highlights from Chancellor Alistair Darling's pre-budget report to parliament on Wednesday. (Wed, 09 Dec 2009 13:55:00 GMT)
Greece Finance Minister Says No Risk of Default (Update3)
Dec. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said there is “absolutely” no risk the country will default on its debt or seek a European Union bailout after a credit rating cut caused its bonds to plunge. (Wed, 09 Dec 2009 17:33:52 GMT)
Pre-Budget report: Pain postponed
In case there was any doubt, we know for sure now. The next general election will be won and lost over the economy. The famous dividing lines are in place and the course is set. The arguments will not change. The policies will not do very much either. All that is uncertain is the outcome. (Thu, 10 Dec 2009 00:09:07 GMT)
S'gor MPs object to federal loan for Syabas
KUALA LUMPUR: The federal government should not bail out Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) with a 20-year back-loaded interest-free unsecured RM320.8 million loan. (Thu, 10 Dec 2009 13:04:55 GMT)
Car Loans: Eligibility and requirements
Getting a car loan seems like a difficult task if you are on the list of people with a bad credit history. If you are tired of receiving rejected car loan applications because of your bad credit, then you should think about car loans specially prepared for people with poor credit. (Thu, 10 Dec 2009 20:32:29 GMT)
Car Loans: Eligibility and requirements
Thinking about car loans specially prepared for people with poor credit? What exactly do they offer? How do such loans work? Read on to get the answers and more. (Thu, 10 Dec 2009 20:34:03 GMT)
House Makes Changes to Reform Bill
WASHINGTON — The House approved dozens of changes late Thursday to the financial regulatory reform bill, including measures to enhance the Federal Reserve Board's power to break up large, complex firms and cap a potential debt guarantee program by the Federal Deposit Insurance Corp. (Fri, 11 Dec 2009 13:37:27 GMT)
11. It's time to consolidate
WITH investors all geared up for the holiday season, don't expect big shakes from stock exchanges across the globe as the year comes to its end. (Sat, 12 Dec 2009 00:14:02 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Sat, 12 Dec 2009 08:32:35 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Sat, 12 Dec 2009 16:02:18 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Sun, 13 Dec 2009 08:31:58 GMT)
Tips to manage credit card debt
(ARA) - Loan consolidation has its ups and downs, but, if handled properly, it can help a family afford to get out from under debt. The average American household had $8,329 in credit card debt in 2008, according to the Nilson Report in April. (Sun, 13 Dec 2009 11:43:43 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Mon, 14 Dec 2009 01:16:38 GMT)
Listed firms will have a good financial year in 2009
Despite the global financial crisis, a top official of two leading financial institutions in the UAE says, public companies' 2009 results would show a "good financial year", setting a positive sentiment in the market. (Mon, 14 Dec 2009 06:35:27 GMT)
RISING FROM THE WRECKAGE | CHAPTER 2: Auto industry seeks a lifeline in D.C. as Michigan struggles for hope
Our story continues: Recession is dragging down the economy, car and truck sales stall, and automakers burn through billions of dollars building vehicles that sit on lots. (Mon, 14 Dec 2009 08:21:24 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Mon, 14 Dec 2009 09:16:17 GMT)
The last real American dollar
Money, real money, represents freedom. Here's the state of real money today and what it may mean for the price of gold. (Mon, 14 Dec 2009 11:31:33 GMT)
JPMorgan Chase Plans Continued Support for Sound Lending and Regulatory Reform
NEW YORK----JPMorgan Chase & Co. confirmed that Chairman and CEO Jamie Dimon would attend today’s White House meeting to discuss the bank’s plans to continue to support the Administration’s objectives of increased and responsible lending to individuals and businesses, increased efforts to keep families in their homes, better consumer protections, and responsible executive compensation. (Mon, 14 Dec 2009 14:11:00 GMT)
Trendy Markets
The gold price has swept past the US $1200 mark - in both directions - so it’s time to check numbers against concepts and patterns. The yellow metal’s modern history began with Western economic expansion in the 19th century. (Mon, 14 Dec 2009 19:45:50 GMT)
Consumer Reports Re: Credit Card Debt, Total Debt Relief Explains
CHICAGO, IL--(Marketwire - 12/14/09) - When it comes to personal finance issues such as credit, debt, and credit card debt , it can sometimes be difficult to make sense of your personal financial situation and decide the best course of action. And when it comes to TV celebrity financial analysts, consumers are often left wondering if these presenters are being compensated on the side by the ... (Mon, 14 Dec 2009 21:18:00 GMT)
Consumer Reports Re: Credit Card Debt, Total Debt Relief Explains
As Conflicting Reports Are Issued Regarding the Best Strategies for Paying Off Credit Card Debt, Consumer Advocate Sheds Light on the Situation (Mon, 14 Dec 2009 21:26:09 GMT)
IMF Executive Board Concludes 2009 Article IV Consultation with Tunisia
On September 1, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tunisia on a lapse of time basis. (Mon, 14 Dec 2009 22:42:34 GMT)
Business Highlights
Exxon Mobil will buy XTO Energy in an all-stock deal worth $31 billion as the oil giant moved aggressively Monday to capitalize on the growing supply of natural gas at home. (Mon, 14 Dec 2009 23:03:56 GMT)
Homex Announces 2010 Guidance
Desarrolladora Homex, S.A.B. de C.V. today announced its guidance for 2010. For the coming year, the Company expects to achieve sound revenue growth in the range of 12 to 14 percent and EBITDA margin in the range of 21 to 22 percent. (Tue, 15 Dec 2009 01:52:00 GMT)
S'gor not at fault in stalled talks
PETALING JAYA - Vocal Opposition politician Tony Pua has refuted suggestions that Selangor is to be blamed for delayed water talks between the state and the Federal government. (Tue, 15 Dec 2009 07:54:12 GMT)
Selangor not at fault in stalled talks
PETALING JAYA - Vocal Opposition politician Tony Pua has refuted suggestions that Selangor is to be blamed for delayed water talks between the state and the Federal government. Read more... (Tue, 15 Dec 2009 07:59:21 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Tue, 15 Dec 2009 08:46:48 GMT)
Selangor not at fault in stalled talks
PETALING JAYA - Vocal Opposition politician Tony Pua has refuted suggestions that Selangor is to be blamed for delayed water talks between the state and the Federal government. He said the delay was due to the Federal government's insistence that water supply company Syarikat Bekalan Air Selangor (Syabas) remains the concessionaire for water distribution in the state. Furthermore, added Pua, the ... (Tue, 15 Dec 2009 09:43:29 GMT)
Dubai Shares Drop, End 3-Day Rise, on Dubai World Debt Concern
Dec. 15 (Bloomberg) -- Dubai shares fell for the first time in four days as investors seek greater clarity on the restructuring of Dubai World’s debt. (Tue, 15 Dec 2009 13:36:02 GMT)
EU, analysts demand action on Greek budget
Greece geared up to salvage its debt-ridden economy on Tuesday, sending a minister on a European visit to shore up credibility as analysts treated a crisis plan with scepticism. (Tue, 15 Dec 2009 14:25:43 GMT)
EU, analysts demand action on Greek budget
ATHENS (AFP) - Greece geared up to salvage its debt-ridden economy on Tuesday, sending a minister on a European visit to shore up credibility as analysts treated a crisis plan with scepticism. (Tue, 15 Dec 2009 14:31:00 GMT)
Throughout 2009, Mainstreet achieved strong results by meeting the economic recession head-on
Mainstreet Equity Corp. today released its financial results for its fiscal year ended September 30, 2009. Even in the face of the past year's economic turbulence, Mainstreet identified and captured opportunities for growth, solidified the foundation of its business model and organizational structure, and positioned the Company for continued success in the next market cycle. (Tue, 15 Dec 2009 23:10:00 GMT)
Holland School Board Hears Downsizing Idea
The idea of shrinking the Holland School Board has been brought forward by a councilman who has been sitting on the idea for over a decade. (Tue, 15 Dec 2009 23:16:38 GMT)
Debt consolidation
I am looking to consolidate my debt and pay it off in the most efficient way possible. Any suggestions? (Wed, 16 Dec 2009 03:48:58 GMT)
Trendy markets
The gold price has swept past the $1,200 mark -- in both directions -- so it’s time to check numbers against concepts and patterns. (Wed, 16 Dec 2009 11:16:40 GMT)
Greek unions plan strike against cost-cut plans
The Greek government faced a strike call Wednesday from Communist-led unions challenging austerity measures aimed at saving the debt-ridden economy and restoring financial credibility. (Wed, 16 Dec 2009 12:06:47 GMT)
Greek unions prepare strike against cost-cut plans
Greece's crisis-hit government faced a strike call on Wednesday from Communist-led unions challenging austerity measures aimed at saving the debt-ridden economy and restoring financial credibility. (Wed, 16 Dec 2009 15:39:41 GMT)
Greece gets little sympathy ahead of austerity strikes
Greece's crisis-hit government on Wednesday got little comfort from key EU peer Germany as it faced union unrest over austerity measures aimed at saving its debt-ridden economy and restoring credibility. (Wed, 16 Dec 2009 16:34:12 GMT)
Credit downgrade deals fresh blow to Greek economy
International ratings agency Standard and Poor's (SP) downgraded Greece's long-term credit rating on Wednesday in a further blow for the government as it grapples with a spiralling debt crisis. (Wed, 16 Dec 2009 19:06:27 GMT)
Credit downgrade deals fresh blow to Greek economy
ATHENS (AFP) - Greece was hit with a credit rating downgrade on Wednesday in a fresh blow for the government as it grapples with a crisis that has raised wider fears over debt levels in other European economies. (Wed, 16 Dec 2009 20:19:00 GMT)
Pressure Mounting On Greece
(RTTNews) - Even after the government announced several austerity measures earlier in the week, pressure is mounting on Greece to act tough to cut its surging budget deficit and debt. The latest in the country's list of woes is yet another rating downgrade. (Thu, 17 Dec 2009 10:38:57 GMT)
Suzlon repays acquisition debt to the tune of US Dollar 780 million
Mumbai, Dec 18 : World's leading wind turbine manufacturer Suzlon Energy Limited today said it has fully repaid its acuisition loan facility of approximately USD 780 million. (Fri, 18 Dec 2009 09:29:05 GMT)
Rainbows United's officials explain problems, look forward
Its chief financial officer falsified and misrepresented information, its president failed to find out what was happening, and Rainbows United began a slow spiral into bankruptcy, the organization's board chairman said Thursday. (Fri, 18 Dec 2009 11:43:22 GMT)
Hair-raising lessons financial crisis forced on investors
What investors might have learnt during the global financial crisis. (Fri, 18 Dec 2009 13:39:20 GMT)
Suzlon reduces debt by $350m
Wind turbine major Suzlon Energy has achieved a gross 15% reduction in its overall debt by around $350 million or Rs 1,700 crore by completing payment of its entire outstanding acquisition loan facility of around $780 million. (Fri, 18 Dec 2009 20:52:43 GMT)
Hair-raising lessons financial crisis forced on investors
What investors might have learnt during the global financial crisis. (Fri, 18 Dec 2009 21:52:48 GMT)
Suzlon repays buyout loan
Mumbai, Dec. 18: Suzlon Energy has repaid a $780-million (Rs 3,700 crore) loan it took to fund the acquisition of Hansen Transmissions International NV (Hansen) in 2006. (Fri, 18 Dec 2009 22:40:46 GMT)
Do you dare tap your home equity?
Despite the real-estate meltdown, millions of Americans still have substantial equity in their homes. The question is whether they should do anything with that wealth. (Sat, 19 Dec 2009 01:52:38 GMT)
How to avoid headaches when lending to family
NEW YORK -- Get it in writing. That's the No. 1 recommendation from financial professionals about lending money to a relative. (Sun, 20 Dec 2009 03:56:05 GMT)
Personal Finance: Leniency available on student loans
Conscientious approach can bring degrees of relief to those in a bind F ederal student loan default rates are on the rise, but there's no need even in this weak economy for you to fall into arrears on your loans. (Sun, 20 Dec 2009 08:36:10 GMT)
Florida's Affordable Loan Modification Company Keeplivinginyourhome.com Comments On Rise In Foreclosures
Loan Modification tips and advice to homeowners on preventing foreclosures (Mon, 21 Dec 2009 07:00:00 GMT)
Leniency available on student loans
Conscientious approach can bring degrees of relief to those in a bind Personal finance: Conscientious approach can bring degrees of relief to those in a bind (Mon, 21 Dec 2009 11:17:10 GMT)
GigaMedia Reports Q3 Financial Results
Highlights (Mon, 21 Dec 2009 12:46:00 GMT)
Top stories that impacted Michigan in 2009
The final year of the first decade of the 21st Century saw many ups and downs for Michigan. From automakers in bankruptcy to a first of its kind art competition that brought national talent and attention, check out the top stories that impacted Michigan in 2009. (Mon, 21 Dec 2009 16:06:10 GMT)
Saab’s Demise a Lesson for the Swedish Manufacturing Industry
Saab’s fate now hangs in the balance, ahead of the Dec. 31 deadline set by GM. (Tue, 22 Dec 2009 07:36:11 GMT)
GE Money Provides Consumer Financing for EcoQuest Purification Products
GE Money announced a multi-year agreement to provide consumer financing for EcoQuest products through the Home Design credit program, managed by GE Money's Sales Finance unit. EcoQuest is a registered trademark of DBG Group Investments, LLC. (Tue, 22 Dec 2009 17:21:00 GMT)
LENIENCY IS AVAILABLE ON STUDENT LOANS
Federal student loan default rates are on the rise, but there's no need even in this weak economy for you to fall into arrears. That's because when it comes to repaying an education loan, no one — except maybe Mom or Dad — is more lenient than Uncle Sam. (Wed, 23 Dec 2009 09:37:11 GMT)
There’s No Bailout, Just ‘Fiscal Support,’ in Dubai
Gulf News, the biggest English-language daily in the United Arab Emirates, has decided that reporting on Dubai’s debt crisis needs some guidance to be fair and objective. (Thu, 24 Dec 2009 11:01:08 GMT)
Make Christmas Debts Manageable With Debt Consolidation
For many people, the festive season will involve getting into debt - and debt experts Debt Advisers Direct warned shoppers to take extra care about how much debt they take on this Christmas. (Thu, 24 Dec 2009 16:00:00 GMT)
Christmas over spenders challenged to reduce debt before interest rates rise
MONTREAL - Over-exuberant Christmas shoppers only have months to get control of their overspending before higher interest rates risk further complicating their lives, credit counselling experts warn. (Thu, 24 Dec 2009 20:26:50 GMT)
Missing in Translation
Of late, a palette consisting only of black and white has seemed sufficient to paint a picture of Russia. A sketch of the dominant Western (and recently, increasingly Russian) conceptualization of the last two decades of the country’s history looks something like this: The democrat Boris Yeltsin introduced a market system and erected the foundation of a Western model of democracy. (Fri, 25 Dec 2009 11:21:35 GMT)
The winners and losers of 2009 are …
It was a year of two personalities. One that started off with Australia looking down the barrel of a recession that one former prime minister probably thought we didn't have to have. But despite a record number of Australian companies reporting billion-plus losses, the bears were chased back into their caves as the market rallied. Scott Rochfort reports. (Fri, 25 Dec 2009 13:22:29 GMT)
The winners and losers of 2009 are …
It was a year of two personalities. One that started off with Australia looking down the barrel of a recession that one former prime minister probably thought we didn't have to have. But despite a record number of Australian companies reporting billion-plus losses, the bears were chased back into their caves as the market rallied. Scott Rochfort reports. (Fri, 25 Dec 2009 21:30:19 GMT)
2009 Was a Clunker. Time to Cash It In.
DESPITE the bankruptcies, bailouts and plunging sales that quaked the auto industry this year, perhaps nothing sums up the misery better than this: The United States is no longer the world's top car market. (Sat, 26 Dec 2009 07:30:58 GMT)
Online Crooks Want Your $$
Schemes Easy To Identify Online scams, e-mail scams, pop-up scams ... scam, scam, scam, scam! (Sun, 27 Dec 2009 02:58:52 GMT)
‘Too small to prevail’
Businessman touts idea to help Main Street (Sun, 27 Dec 2009 04:52:56 GMT)
Credit Card Debt Horror Stories
Personal loans do keep accumulating over time especially with such loans as school loans, vehicle debt and of course we must not forget the credit card payments! (Sun, 27 Dec 2009 07:01:00 GMT)
Credit Card Debt Horror Stories
Personal loans do keep accumulating over time especially with such loans as school loans, vehicle debt and of course we must not forget the credit card payments! (PRWeb Dec 27, 2009) Read the full story at http://www.prweb.com/releases/20 (Sun, 27 Dec 2009 08:10:45 GMT)
Expect moderate returns in
After the astonishing performance in 2009, which has helped Indian stock markets emerge among the best performing markets globally with year-to-date returns of almost 80 per cent, the year 2010 could prove to be a disappointment. (Sun, 27 Dec 2009 17:30:44 GMT)
Expect moderate returns in 2010
After the astonishing performance in 2009, which has helped Indian stock markets emerge among the best performing markets globally with year-to-date returns of almost 80 per cent, the year 2010 could prove to be a disappointment. (Mon, 28 Dec 2009 05:30:46 GMT)
The country emerges as a bigger player on the global scene
Prime Minister Manmohan Singh calls the 21st century ‘India’s century’. If the trends of the first decade are anything to go by, the seeds have certainly been sown. (Mon, 28 Dec 2009 18:46:34 GMT)
IMF Executive Board Concludes 2009 Article IV Consultation with FYR Macedonia
On December 14, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Former Yugoslav Republic of Macedonia (FYR). (Mon, 28 Dec 2009 22:12:34 GMT)
Nigeria : 2009 - When Money Kissed the Dust
The financial turmoil that ushered in 2009, following the global financial crisis that rocked the world since the middle of 2008 did not abate as the 2009 concludes its orbit. (Tue, 29 Dec 2009 10:51:14 GMT)
Viterra gets waived for defaulted loans at Australian acquisition ABB
CALGARY - Grain handling giant Viterra Inc. (TSX:VT) says discussions with lenders to its Australian acquisition ABB Grain Ltd. have led to a waiver in respect to loan covenants ABB had previously breached. (Tue, 29 Dec 2009 17:34:00 GMT)
Viterra gets waived for defaulted loans at Australian acquisition ABB
CALGARY - Grain handling giant Viterra Inc. (TSX:VT) says discussions with lenders to its Australian acquisition ABB Grain Ltd. have led to a (Tue, 29 Dec 2009 17:41:05 GMT)
ABB in breach of loan covenants
SOUTH Australia grain handler and marketer ABB Grain was in breach of its loan covenants at October 31, 2009, following its takeover by Canadian agribusiness Viterra. (Wed, 30 Dec 2009 13:00:00 GMT)
Crystal River Announces Agreement to Restructure Its Outstanding Trust Preferred Securities
NEW YORK, NEW YORK--(Marketwire - 12/30/09) - Crystal River Capital, Inc. (OTC.BB: CYRV - News ) (the "Company"), a specialty finance REIT, today announced that it has entered into a binding letter of intent (the "Agreement"), pursuant to which the Company agreed to the terms on which the Company would exchange certain of its assets for the outstanding preferred beneficial interests (the "Trust ... (Wed, 30 Dec 2009 14:15:00 GMT)
Spain to adopt 'very demanding' austerity plan: PM
Spain will adopt a "very demanding" austerity plan aimed next month at reining in its spiralling public deficit, Prime Minister Jose Luis Rodriguez Zapatero said Wednesday. (Wed, 30 Dec 2009 18:00:42 GMT)
Business : UAE Equities Endure a ‘Turbulent’ 2009
DUBAI - UAE shares endured a turbulent 2009, as hopes for a strong rally in UAE shares in the fourth quarter were crushed, with most gains eroded, as confidence in the markets evaporated, following the Dubai World bombshell in November, when it announced a restructuring and called for a debt standstill. (Wed, 30 Dec 2009 20:08:52 GMT)
Spain to adopt 'very demanding' austerity plan: PM
MADRID -Spain will adopt a "very demanding" austerity plan aimed next month at reining in its spiralling public deficit, Prime Minister Jose Luis Rodriguez Zapatero said Wednesday. Read more... (Wed, 30 Dec 2009 21:08:18 GMT)
Scotiabank boosts stake in Chinese bank
Bank of Nova Scotia is looking to buy stakes in banks in China, Vietnam, the Philippines and Malaysia, after settling on what bank executives believe will be a winning strategy for expansion in Asia. (Thu, 31 Dec 2009 01:31:35 GMT)
Akpabio Presents N288.8bn Plan to Assembly
Akwa Ibom state government is to spend a total of N288.834 billion for the 2010 fiscal year. This is against the N283.813 billion budgeted for the corresponding period in 2009. Appropriate Governor Godswill Obot Akpabio who presented the budget to the State House of Assembly on Tuesday explained that N48.727 billion is for recurrent expenditure, while N240.107 billion is for capital expenditure. (Thu, 31 Dec 2009 02:31:09 GMT)
UAE equities endure a turbulent 2009
UAE equities endure a turbulent 2009 (Thu, 31 Dec 2009 06:21:34 GMT)
Scotiabank raises stake in Chinese bank, eyes new Asian ventures
Bank of Nova Scotia is looking to buy stakes in banks in China, Vietnam, the Philippines and Malaysia, after settling on what bank executives believe will be a winning strategy for expansion in Asia. (Thu, 31 Dec 2009 11:16:25 GMT)
China Direct Industries Reports Financial Results for the Nine Month Transition Period Ended September 30, 2009
DEERFIELD BEACH, FL--(Marketwire - 12/31/09) - China Direct Industries, Inc. ("China Direct Industries") (NASDAQ: CDII - News ), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today its financial results for the nine month fiscal transition year ended September 30, 2009. Financial Highlights ... (Thu, 31 Dec 2009 22:04:00 GMT)
China Direct Industries Reports Financial Results for the Nine Month Transition Period Ended September 30, 2009
Fiscal Year 2009 Revenue of $68.6 Million; Fiscal Year 2009 Non-GAAP Net Loss of ($5.8) Million or a Loss per Share of ($0.23); Fiscal Year 2009 GAAP Net Loss of ($27.9) Million Inclusive of ($22.0) Million Non-Cash Items or a Loss per Share of ($1.13); Total Cash of $12.9 Million With Shareholder Equity of $46.4 Million at September 30, 2009 (Thu, 31 Dec 2009 22:12:16 GMT)
