Debt Consolidation News Jan 2010
1 2 Next
Teacher layoffs, consolidations likely for some local schools
Due to low tax collections, all school systems in Alabama are getting 7.5 percent less money from the state this year than originally anticipated. The cuts are compounded by reductions in last year's budgets, which were slashed 11 percent. (Sun, 03 Jan 2010 14:20:27 GMT)
Tight credit, sales slump threaten auto suppliers
Automobile sales may be rebounding, but 2010 will be another tough year for American suppliers. (Mon, 04 Jan 2010 06:15:21 GMT)
2010: Year of discerning investor in India
2010: Year of discerning investor in India (Mon, 04 Jan 2010 06:39:06 GMT)
2010: The City's movers and shakers in the year ahead
With the UK economy nervously emerging from the financial crisis, we look at 20 challenges facing policy-makers and chief executives in 2010. (Mon, 04 Jan 2010 07:56:53 GMT)
NAB mulls options for British operations
A THREE-WAY merger between Clydesdale Bank, Yorkshire Bank and the state-owned lender Northern Rock is being considered by National Australia Bank as part of its ''bulk up or get out'' plan for the British operations. (Mon, 04 Jan 2010 13:18:24 GMT)
How to find help if you rang in the New Year with too much debt
After the holidays, many Americans face the not-always-pleasant task of opening and paying their credit card bills. Here is an overview of the debt relief options available. (Mon, 04 Jan 2010 21:25:18 GMT)
How to find help if you rang in the New Year with too much debt
After the holidays, many Americans face the not-always-pleasant task of opening and paying their credit card bills. For some, however, the task moves from vaguely menacing to downright terrifying. (Mon, 04 Jan 2010 21:33:08 GMT)
How to find help if you rang in the New Year with too much debt
After the holidays, many Americans face the not-always-pleasant task of opening and paying their credit card bills. Here is an overview of the debt relief options available. (Mon, 04 Jan 2010 21:34:33 GMT)
Bad Credit Loan Products For New Year Savings
Take advantage of the New Year Sales with an affordable loan from Bad Credit Loans specialist www.loansbadcredit.org.uk (Tue, 05 Jan 2010 07:01:00 GMT)
World Business Quick Take
Venezuela may close its nationalized aluminum and steel industries in a battle to save energy during a prolonged drought, the electricity minister said in comments published on Monday. (Tue, 05 Jan 2010 16:37:15 GMT)
Outlook for 2010 & A World First
Welcome to 2010 and a happy New Year to all from the GoldOz team. I have been looking at the trends, contemplating chart technicals and talking to some equity & finance analysts. (Tue, 05 Jan 2010 17:30:50 GMT)
Celebrating Our People of the Year
As we ring in a new year, and a new decade, The Post pauses to honor those who have made Santa Cruz County a better place to live. (Tue, 05 Jan 2010 21:04:04 GMT)
SYNNEX Corporation Reports Fiscal 2009 Fourth Quarter and Year-End Results
FREMONT, Calif.----SYNNEX Corporation , a leading business process services company, today announced financial results for the fiscal fourth quarter and year ended November 30, 2009. (Tue, 05 Jan 2010 21:41:00 GMT)
Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent
The Nationwide Building Society now offers the lowest personal loan rate in the UK, at 7.6% for regular FlexAccount customers. (Wed, 06 Jan 2010 07:01:00 GMT)
Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent
With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between 7,500 pounds Sterling and 14,999 pounds Sterling for up to five years for its main FlexAccount customers . (Wed, 06 Jan 2010 08:00:00 GMT)
Fees and deals plummet in tough year for bankers
2009 they fell to less than $13bn. The Middle East equity capital markets, peaking in 2008 at more than $36bn, plummeted to only $6.89bn in 2009. Overall fees of $599m paid to investment bankers and advisers in 2009 almost halved compared with 2008. (Wed, 06 Jan 2010 08:05:38 GMT)
Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent
The Nationwide Building Society now offers the lowest personal loan rate in the UK, at 7.6% for regular FlexAccount customers. (PRWeb Jan 6, 2010) Read the full story at http://www.prweb.com/releases/20 (Wed, 06 Jan 2010 08:18:40 GMT)
Nigeria's Bank Crisis And the Limit of Sanusi's Capitalist Reforms (1)
So much have been written about the Nigerian bank crisis and the 'surgical' operations being carried out by the capitalist financial doctors led by the Central Bank governor, Lamido Sanusi. (Wed, 06 Jan 2010 12:38:18 GMT)
S&P says GMA gov"t fails to address fiscal woes
International ratings agency Standard & Poor’s Ratings Services (S&P) noted the government’s failure to adopt measures to address the worsening fiscal situation after officials recently announced that the budget deficit for next year is expected to match this year’s P300 billion. (Wed, 06 Jan 2010 13:49:40 GMT)
Banks’ total deposits up 10.3% in Sept
Banks’ total deposits reached P3.2 trillion as of September last year, up 10.3 percent from the year ago level, the Bangko Sentral reported yesterday. (Wed, 06 Jan 2010 14:16:50 GMT)
Help available to repay 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. (Thu, 07 Jan 2010 00:17:46 GMT)
'BB-' Rating On Philippines Global Bonds Affirmed
Çѹ·Õè 7 Á¡ÃÒ¤Á 2553 07:56 ¹. --We affirmed the 'BB-' rating on Philippines' senior unsecured global bonds maturing in 2020 and 2034. (Thu, 07 Jan 2010 01:00:24 GMT)
Thursday newspaper round-up: Cadbury, British Airways, Banks
LONDON (SHARECAST) - Cadbury has prompted further talks with Hershey in recent days about the possibility of a merger designed to derail Kraft's £10.4 billion hostile bid to buy the UK chocolate-maker. (Thu, 07 Jan 2010 06:49:37 GMT)
Gold outlook: 2010
Outlook summary for gold and global economies in 2010 -- plus news about a major high-purity zero emission silver coin. (Thu, 07 Jan 2010 11:31:39 GMT)
Iowa bankruptcies up 26% in ’09
But it’s less than the national increase of 32% for individuals and businesses (Thu, 07 Jan 2010 12:03:55 GMT)
Thursday's news and tips
■ Drugs firm AstraZeneca has come to an agreement with Israel-based rival Teva Pharmaceuticals generic version of Astra's Nexium ulcer capsules. ■ Sainsbury said a record Christmas performance completed a strong third quarter in which like-for-like sales, excluding fuel, rose by 3.7 per cent. (Thu, 07 Jan 2010 12:26:59 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. (Thu, 07 Jan 2010 18:05:46 GMT)
LiteWave Corp.: Drilling Campaign Initiated on the Villebon Platinum, Nickel, Copper and Gold Property
LOS ANGELES, CALIFORNIA--(Marketwire - Jan. 7, 2010) - Litewave Corp. (OTCBB:LTWV) is pleased to announce that it reached an agreement with ACFAW.COM (CNSX:ACW) the buyer of all of St-Georges Minerals' Quebec mineral assets and that a 5,000 meters, or 16,405 feet, drilling campaign will start in the coming days on the jointly owned Villebon Platinum property. EXPLORATION PROGRAM AT VILLEBON ... (Thu, 07 Jan 2010 18:29:48 GMT)
Fitch Rates Urbi's Senior Notes 'BB'; Outlook Stable
NEW YORK----Fitch Ratings has assigned a 'BB' rating to Urbi Desarrollos Urbanos; S.A.B. de C.V.'s proposed US$250 million senior notes. Proceeds from the issuance will be used to refinance debt. (Fri, 08 Jan 2010 16:14:00 GMT)
Fitch Upgrades Sisters of Mercy of the Americas South Central Community Obligated Group Revs to 'A+'
NEW YORK----Fitch Ratings has upgraded its rating on the following series of bonds issued on behalf of the Sisters of Mercy of the Americas South Central Community Obligated Group to 'A+' from 'A-': (Fri, 08 Jan 2010 20:22:00 GMT)
IMF Executive Board Concludes 2009 Article IV Consultation with Grenada
On November 25, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the 2009 Article IV consultation with Grenada. 1 Grenada’s economy has been hit hard by the global crisis and the downturn has been deeper than expected, reflecting the strong drag of the global crisis on tourism receipts, Foreign Direct Investment (FDI), and remittances. (Fri, 08 Jan 2010 21:57:34 GMT)
Make a vow: No new debt
To dig yourself out of runaway debt, you must change your spending behavior. First put away your credit cards, then follow a 5-point plan to get back on track. (Fri, 08 Jan 2010 22:07:36 GMT)
9. What went wrong between Primus and Rin?
BARELY two years after sealing the deal to buy DRB-HICOM's 20.2% stake in EON Capital Bhd for RM9.55 per share or RM1.337bil, Primus Partners (HK) Ltd has found itself confronted by the spectre of partners wanting to sell out at a yet unknown price. (Sat, 09 Jan 2010 00:11:09 GMT)
The Hindu Business Line : Banking on prudent lending
With interest rates threatening to move up once again, here's a look at how the key operational parameters of banks could evolve. Only 15 months have gone by since the interest rate cycle was in its previous uptrend. (Sat, 09 Jan 2010 18:52:22 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, 10 Jan 2010 14:28:32 GMT)
BSP to ease rules on borrowing limit
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is set to relax its rules that restrict lending to single borrowers in its bid to help diversified conglomerates raise funds to pursue much needed infrastructure projects. (Sun, 10 Jan 2010 16:00:00 GMT)
When is the right time to file for bankruptcy?
MANATEE — The holidays are over, the relatives have left, the leftover Christmas cookies are nearly gone and the kids already are bored with their new toys. (Mon, 11 Jan 2010 04:58:13 GMT)
Fitch Revises SunGard Data Systems' Outlook to Stable; Affirms Ratings
NEW YORK----Fitch Ratings has revised the Rating Outlook on SunGard Data Systems Inc. to Stable from Negative and affirmed the following ratings: (Mon, 11 Jan 2010 15:12:00 GMT)
Velan Inc. Reports Its Third Quarter 2009/10 Financial Results
MONTREAL, QUEBEC-- - Velan Inc. (Mon, 11 Jan 2010 21:00:55 GMT)
Velan Inc. Reports Its Third Quarter 2009/10 Financial Results
MONTREAL, QUEBEC--(Marketwire - Jan. 11, 2010) - Velan Inc. (TSX:VLN) Velan Inc. today reported its financial results for the third quarter ended November 30, 2009. /T/ SUMMARY OF RESULTS (In millions of Canadian dollars, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED NOVEMBER 30 NOVEMBER 30 2009 2008 2009 2008 -------------------------------------------------------- Sales 111.2 ... (Mon, 11 Jan 2010 21:14:43 GMT)
TSX Venture Exchange Daily Bulletins for January 11, 2010
VANCOUVER, BRITISH COLUMBIA-- - (Mon, 11 Jan 2010 21:33:43 GMT)
Year of the Bank
When worried depositors showed up at the door of First State Bank, they were greeted by a nervous guard holding a shotgun and pacing the floor. Bank President Ed Clark was smiling, though, sitting behind a counter groaning with the weight of coins and paper money. (Mon, 11 Jan 2010 22:43:21 GMT)
Griego: Those with debt woes reach for guidance
The New Year's crowd, goals once again fixed, braves the frigid weather to pack the Wheat Ridge Recreation Center on a recent Thursday night. People are, if nothing else, creatures of ritual, and all ritual is born of the desire to bring order from chaos. (Tue, 12 Jan 2010 08:09:01 GMT)
Manchester United in so much debt even Ocean Finance wouldn't touch them
The Glazer family have put Manchester United in hock to the tune of around £700m, with only the sale of Cristiano Ronaldo saving them this year. They have a plan - but it sounds about as persuasive as a daytime TV advert for debt consolidation, fears the Bung... (Tue, 12 Jan 2010 12:25:53 GMT)
Manchester United in so much debt even Ocean Finance wouldn't touch them
The Glazer family have a plan to save debt ridden Manchester United - they've been taking advice from Carol Vorderman, fears the Bung... (Tue, 12 Jan 2010 12:41:28 GMT)
Federal Loan Consolidation & Best Student Loan Debt Consolidation Companies
Federal loan consolidation departments provide services for students who are loans for educational purposes. Consolidation is a program to convert a refinancing an opportunity for each to outstanding education loans from different lenders into one new loan with one monthly payment. This method of disposal of loan is a wonderful way to pay off the debt in full immediately, while providing you ... (Tue, 12 Jan 2010 17:14:53 GMT)
Debt Settlement Proven Best at Eliminating Credit Card Debt: TotalDebtRelief.net
CHICAGO, IL--(Marketwire - 01/12/10) - With the Christmas shopping season in consumers' rear view mirrors, for many a day of reckoning is approaching. Many consumers already stood on a financial precipice when it comes to credit card debt . Many of these same consumers have also overspent during the holidays and will suddenly find it increasingly difficult if not impossible to make their monthly ... (Tue, 12 Jan 2010 20:48:00 GMT)
Debt Settlement Proven Best at Eliminating Credit Card Debt: TotalDebtRelief.net
As Credit Card Bill Sticker Shock Sets in Across the Land, Consumer Advocate Advises of Best Credit Card Debt Relief Options (Tue, 12 Jan 2010 20:59:06 GMT)
Personal loans to soak up your seasonal excess
There are some good deals on offer if you meet the lending criteria, says Jill The new year is a prime time for consumers to seek out personal loans, often consolidating existing debts from Christmas. In January last year, for example, almost 60% of all loans issued were for debt consolidation purposes. Nationwide this week launched a market-beating personal loan rate of (typically) 7.6% APR for ... (Wed, 13 Jan 2010 05:37:35 GMT)
No-Excuses Time Nears for Banks' Quarterly Results
Bankers will get one more credit-quality mulligan in the fourth-quarter earnings season kicking off this week -- but expectations will rise afterward. (Wed, 13 Jan 2010 13:37:39 GMT)
AAA Recommends Do-It-Yourself Financial Tune-Up for Consumers
Reviewing Six Components of Household Finance Can Help Keep Consumers On the Road to Financial Success, Motor Club Says (Wed, 13 Jan 2010 14:13:00 GMT)
Doblin: Take this Democratic problem straight to the Banc
BOB YUDIN is right. This week, the chairman of the Bergen County Republican Organization called on incoming state Attorney General Paula Dow to investigate the Bergen County Improvement Authority. (Wed, 13 Jan 2010 22:55:54 GMT)
Year of the Bank
When worried depositors showed up at the door of First State Bank, they were greeted by a nervous guard holding a shotgun and pacing the floor. Bank President Ed Clark was smiling, though, sitting behind a counter groaning with the weight of coins and paper money. (Thu, 14 Jan 2010 02:28:22 GMT)
Monthly Oil & Money Market - December 2009
Kuwait's Broad measure of money supply (M2) continued its upward trend during November 2009, as it showed an increasing pace in growth for the third consecutive month, however still showing a slower growth momentum as compared to the beginning of the year; consequently M2 rose by KWD 265 million from that recorded at the end of October to reach KWD 24.99 billion as of November-09. (Thu, 14 Jan 2010 11:50:51 GMT)
Highlights - Trichet comments at ECB press conference
The following are comments by European Central Bank President Jean-Claude Trichet at a news conference held after the bank's Governing Council kept interest rates at a record low of 1 percent on Thursday. (Thu, 14 Jan 2010 14:11:00 GMT)
Peoria considers housing West Valley Art Museum collection
Peoria is exploring the possibility of storing and displaying the West Valley Art Museum's $3 million collection. (Thu, 14 Jan 2010 18:27:37 GMT)
The Manitowoc Company Seeks Amendment to Its Senior Credit Facility
The Manitowoc Company, Inc. is planning to refinance a portion of its term loans under its senior secured credit facility with senior unsecured notes to improve the balance and flexibility of its capital structure. (Thu, 14 Jan 2010 23:11:00 GMT)
Online Student Loans Guide Announces New Website about Student Loans
Huntington Beach, California, January 15 th , 2010 – OnlineStudentLoansGuide.com, a foremost information provider on student loans, announced today that they have launched their new website at http://www.OnlineStudentLoansGui (Fri, 15 Jan 2010 14:07:00 GMT)
Online Student Loans Guide Announces New Website about Student Loans
Huntington Beach, California, January 15 th , 2010 – OnlineStudentLoansGuide.com, a foremost information provider on student loans, announced today that they have launched their new website at http://www.OnlineStudentLoansGui (Fri, 15 Jan 2010 15:54:11 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. (Fri, 15 Jan 2010 16:00:24 GMT)
Denver Post owner announces debt reduction pact
Affiliated Media Inc., the holding company for MediaNews Group, publisher of The Denver Post and Boulder Daily Camera, announced today that lenders have approved a plan to restructure the (Sat, 16 Jan 2010 00:56:07 GMT)
Camera, Post owner announces debt reduction pact
Affiliated Media Inc., the holding company for Media News Group, and its lenders have agreed on a plan to restructure $930 million in debt, the Denver-based company announced Friday. (Sat, 16 Jan 2010 02:24:50 GMT)
Pact lets Post's owner cut debt
Affiliated Media Inc., the holding company for MediaNews Group, and its lenders have agreed on a plan to restructure $930 million in debt, the Denver-based company announced Friday. (Sat, 16 Jan 2010 08:13:14 GMT)
Holding company of Daily Democrat files for Chapter 11 bankruptcy
Affiliated Media Inc., the holding company for MediaNews Group, publisher of The Denver Post and The Daily Democrat, announced today that lenders have approved a plan to restructure the company and significantly reduce $930 million in debt. (Sat, 16 Jan 2010 10:41:07 GMT)
New federal policies effect local farmers
SHEPHERDSTOWN - It's been about a year since the National Family Farm Coalition and several similar organizations submitted "transition demands" to members of the new Obama administration, and NFFC's executive director has mixed feelings about the result. (Sun, 17 Jan 2010 07:21:00 GMT)
Nigeria : CBN, Stop This Nonsense
The incumbent Central Bank Governor, Lamido Sanusi, has stubbornly decided to continue the destructive and suicidal monetary and foreign exchange market policies of his predecessor. (Mon, 18 Jan 2010 05:52:49 GMT)
Year of the Bank
When worried depositors showed up at the door of First State Bank, they were greeted by a nervous guard holding a shotgun and pacing the floor. Bank President Ed Clark was smiling, though, sitting behind a counter groaning with the weight of coins and paper money. (Mon, 18 Jan 2010 20:28:21 GMT)
MediaNews Group holding company announces financial restructuring
Affiliated Media Inc., the holding company for Media News Group, and its lenders have agreed on a plan to restructure $930 million in debt, the Denver-based company announced on Friday. (Tue, 19 Jan 2010 00:00:46 GMT)
Nigeria :
Rescued Banks' Chiefs - Midwives Or Undertakers? (Tue, 19 Jan 2010 10:29:29 GMT)
Mercantile Bank Corporation Reports 2009 Fourth Quarter and Year-End Results
GRAND RAPIDS, Mich. -- Mercantile Bank Corporation reported a fourth quarter 2009 net loss attributable to common shares of $26.4 million, or per diluted share, compared with net income of $0.3 million, or $0.04 per diluted share, for the fourth quarter of 2008. (Tue, 19 Jan 2010 11:00:00 GMT)
VA Mortgage Lender Gives Back To Soldiers and Veterans
Some 250 employees of iFreedom Direct Corporation, a top-twenty national VA mortgage company, have made a difference with two very personal donations. The employees gave generously with payroll deductions to make up the collective donation to the Navajo Code Talkers Association and a phone home project for Utah soldiers serving in Afghanistan. (Tue, 19 Jan 2010 12:00:00 GMT)
How US imperialism has devastated Haiti
The earthquake in Haiti caused, and continues to cause, such terrible destruction and loss of life because the country is so poor. There are three main reasons for that. (Tue, 19 Jan 2010 19:13:27 GMT)
East West Bank's rating upgraded to PRS A+
The Philippine Rating Services Corporation (PhilRatings) has upgraded East West Banking Corporation’s (EWBC) issuer credit rating from PRS A minus (corp.) to PRS A plus (corp.) because of the bank’s improving profitability; high deposit growth rate; improving asset quality; strengthened presence in consumer lending; and continued shareholder support.. (Tue, 19 Jan 2010 19:13:49 GMT)
A.M. Best Affirms Ratings of Manulife Financial Corporation and Its Subsidiaries
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength ratings of A+ and issuer credit ratings of “aa” of The Manufacturers Life Insurance Company , John Hancock Life Insurance Company and JHUSA’s subsidiaries, John Hancock Life Insurance Company of New York and John Hancock Life & Health Insurance Company . (Tue, 19 Jan 2010 21:20:00 GMT)
(AFX UK Focus) 2010-01-19 23:03 UPDATE 1-Allied Capital rejects Prospect Capital's bid
Jan 19 (Reuters) - Allied Capital Corp, which is selling itself to Ares Capital Corp, said it rejected an offer from Prospect Capital Corp, as the small-business lender did not see it as a "superior proposal." (Tue, 19 Jan 2010 23:28:18 GMT)
BNY Mellon Reports Fourth Quarter Continuing EPS of $0.59 or $712 Million; Net Benefit of $0.04 Due To:
The Bank of New York Mellon Corporation today reported fourth quarter income from continuing operations applicable to common shareholders of $712 million, or $0.59 per common share, compared with $50 million, or $0.04 per common share, in the fourth quarter of 2008 and a loss of $2.439 billion, or $2.04 per common share, in the third quarter of 2009. (Wed, 20 Jan 2010 11:30:00 GMT)
State Street Reports Fourth-Quarter Earnings Per Share of $1.00
BOSTON----State Street Corporation today announced fourth-quarter 2009 earnings per common share of $1.00 on revenue of $2.280 billion compared with $0.54 per share on revenue of $2.673 billion in the fourth quarter of 2008. (Wed, 20 Jan 2010 12:18:00 GMT)
Wells Fargo Reports Record Full Year Net Income
SAN FRANCISCO----Wells Fargo & Company : (Wed, 20 Jan 2010 13:00:00 GMT)
Morgan Stanley Reports Full-Year and Fourth Quarter Results
NEW YORK----Morgan Stanley today reported income from continuing operations applicable to Morgan Stanley for the year ended December 31, 2009 of $1,149 million, compared with a loss from continuing operations applicable to Morgan Stanley of $807 million, a year ago. (Wed, 20 Jan 2010 13:02:00 GMT)
IMF Executive Board Concludes 2009 Article IV Consultation with Portugal
On January 15, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Portugal. 1 12B12The global economic crisis has severely affected the Portuguese economy. (Wed, 20 Jan 2010 17:12:37 GMT)
Penns Woods Bancorp, Inc. Reports Fourth Quarter 2009 Earnings
WILLIAMSPORT, Pa.----Penns Woods Bancorp, Inc. today reported that net income from core operations , which is a non-GAAP measure of net income excluding net securities gains and losses, was $2,423,000 and $9,291,000 for the three and twelve months ended December 31, 2009 compared to $2,470,000 and $9,343,000 for the same periods of 2008. (Wed, 20 Jan 2010 17:13:00 GMT)
Sallie Mae Reports Fourth-Quarter and Full-Year 2009 Results
RESTON, Va.----SLM Corporation , commonly known as Sallie Mae, reported net income on a core earnings basis of $249 million for the fourth quarter ended Dec. 31, 2009, compared to $65 million for the year-ago quarter. (Wed, 20 Jan 2010 21:06:00 GMT)
Europe's Troubled IMF Borrowers
Can Iceland, Latvia and Ukraine repay? (Thu, 21 Jan 2010 05:15:04 GMT)
Real Money (Jan. 21): Capital Raisings, Property Financings
PGGM Private Real Estate Fund (PGGM), an investment vehicle for Dutch pension funds, agreed to increase its investment in Behringer Harvard's growing portfolio of multifamily communities to $300 million. This most recent commitment represents the third... (Thu, 21 Jan 2010 10:57:12 GMT)
PNC Reports Full Year 2009 Net Income of $2.4 Billion
The PNC Financial Services Group, Inc. today reported 2009 net income of $2.4 billion, or $4.36 per diluted common share, compared with 2008 net income of $914 million, or $2.44 per diluted common share. (Thu, 21 Jan 2010 11:57:00 GMT)
Popular, Inc. Reports Financial Results for the Quarter and Year Ended December 31, 2009
SAN JUAN, Puerto Rico----Popular, Inc. reported a net loss of $213.2 million for the quarter ended December 31, 2009, compared with a net loss of $125.0 million for the quarter ended September 30, 2009, and a net loss of $702.9 million for the quarter ended December 31, 2008. (Thu, 21 Jan 2010 13:00:00 GMT)
Freeport-McMoRan Copper & Gold Inc. Reports Fourth-Quarter and Year Ended December 31, 2009 Results
PHOENIX----Freeport-McMoRan Copper & Gold Inc. : Net income attributable to common stock for fourth-quarter 2009 was $971 million, $2.15 per share, compared with a net loss of $13.9 billion, $36.78 per share, for fourth-quarter 2008. (Thu, 21 Jan 2010 13:00:00 GMT)
Fitch Upgrades GMAC Inc.'s L-T IDR to 'B'; Assigns Positive Outlook
NEW YORK----Fitch Ratings has upgraded GMAC Inc.'s long-term and short-term Issuer Default Ratings to 'B' and 'B', respectively and assigned a Positive Rating Outlook. A complete list of affected ratings is detailed at the end of this release. (Thu, 21 Jan 2010 14:56:00 GMT)
Obama Gets Tough on Wall Street
If this proposal goes through, banks will have to make a choice, or possibly split themselves up. (Thu, 21 Jan 2010 20:05:35 GMT)
Obama moves to rein in banks in Wall Street assault
President Barack Obama unveiled plans Thursday to limit the size and scope of US banks and finance firms in a new assault on the Wall Street excesses laid bare by the financial crisis. (Thu, 21 Jan 2010 20:36:24 GMT)
Obama to rein in Wall Street banks
BARACK Obama says he is ready to fight Wall Street over new plans to drastically cut the size and scope of US banks. (Thu, 21 Jan 2010 21:03:31 GMT)
BancorpSouth Announces Earnings of $0.23 per Diluted Share for Fourth Quarter 2009 and $1.25 for Full Year
BancorpSouth, Inc. today announced financial results for the quarter and year ended December 31, 2009. (Thu, 21 Jan 2010 21:36:00 GMT)
L. Randall Wray: Obama Takes a Baby Step in the Right Direction
Today, President Obama finally took meaningful action toward financial reform, apparently prodded by his disaster in Massachusetts. Heck, if the Democrats cannot retain Teddy's... (Thu, 21 Jan 2010 22:22:21 GMT)
Obama to rein in Wall Street banks
PRESIDENT Barack Obama unveiled plans overnight to limit the size and scope of US banks and finance firms in a new assault on the Wall Street excesses laid bare by the financial crisis. (Thu, 21 Jan 2010 23:24:18 GMT)
Obama moves to rein in banks in Wall Street assault
WASHINGTON (AFP) - President Barack Obama unveiled plans Thursday to limit the size and scope of US banks and finance firms in a new assault on the Wall Street excesses laid bare by the financial cris... (Thu, 21 Jan 2010 23:28:00 GMT)
Obama moves to rein in banks in Wall Street assault
President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial crisis. (Fri, 22 Jan 2010 02:46:34 GMT)
Obama moves to rein in banks in Wall Street assault
financial crisis . "Never again will the American taxpayer be held hostage by a bank that is too big to fail," vowed Obama, flanked by former (Fri, 22 Jan 2010 07:20:10 GMT)
Commercial Real Estate: Investors default on loan on Rockville properties
Donohoe Corfac International of Washington, D.C., representing CP Office Associates, has fully leased the 150,000-square-foot RiverTech Court office building in M Square Research Park in College Park. The contract value is worth $3.8 million, according to Donohoe information. (Fri, 22 Jan 2010 09:43:50 GMT)
Obama moves to rein in banks in Wall Street assault
President Barack Obama unveiled plans on Thursday to limit the size and scope of United States banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial cris... (Fri, 22 Jan 2010 10:09:42 GMT)
SunTrust Reports Fourth Quarter 2009 Results
SunTrust Banks, Inc. today reported a net loss available to common shareholders for the fourth quarter of 2009 of $316.4 million, or $0.64 per average common share, compared to a net loss available to common shareholders of $374.9 million, or $1.07 per average common share for the fourth quarter of 2008. Â The Company's results for these periods were adversely impacted by credit-related charges ... (Fri, 22 Jan 2010 11:30:00 GMT)
Markets tank as Obama moves to rein in banks
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses. (Fri, 22 Jan 2010 11:44:59 GMT)
MB Financial, Inc. Reports Strong Capital and Liquidity Position, Significant Increase in Core Pre-Tax, Pre-Provision ...
CHICAGO----MB Financial, Inc. , the holding company for MB Financial Bank, N.A , announced today fourth quarter and annual results for 2009. The words “MB Financial,” “the Company,” “we,” “our” and “us” refer to MB Financial, Inc. and its wholly owned subsidiaries, unless indicated otherwise. (Fri, 22 Jan 2010 13:00:00 GMT)
Webster Reports Fourth Quarter Results
Webster Financial Corporation , the holding company for Webster Bank, N.A., today announced a consolidated net loss of $13.7 million for the quarter ended December 31, 2009. Â The net loss available to common shareholders of $54.4 million for the quarter ended December 31, 2009 included $34 million of imputed dividends related to the Warburg Pincus investment and convertible preferred exchanges ... (Fri, 22 Jan 2010 13:00:00 GMT)
Markets tank as Obama moves to rein in banks
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses. (Fri, 22 Jan 2010 14:54:11 GMT)
Stock markets around the world slumped yesterday after President Barack Obama unveiled plans to limit the size and ...
Published Date: January 23, 2010 WASHINGTON: Stock markets around the world slumped yesterday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms i... (Sat, 23 Jan 2010 01:36:21 GMT)
(AFX UK Focus) 2010-01-23 05:04 Glance-PRESS DIGEST - British business - Jan 23
The Times (Sat, 23 Jan 2010 05:26:58 GMT)
Shelter from the storm
Consumer debt is crippling Canadians to such a degree that banks are offering unprecedented flexibility to the fiscally distressed. (Sat, 23 Jan 2010 07:20:12 GMT)
Stock markets plunge as US President moves to rein in banks
A businessman looks at the electronic stock indicator showing the closing rate of the Tokyo Stock Exchange market in Tokyo yesterday. Japanese stocks closed down 2.56 per cent after Wall Street slumped in response to a plan by US President Barack Obama to limit the size and scope of US banks. (Sat, 23 Jan 2010 09:18:38 GMT)
Bye, buy British: Beloved names with foreign owners
Kraft, the US processed-cheese and Toblerone maker, is close to being the latest in a long line of overseas groups to take over a beloved British name. This particular sale, involving as it does the maker of such popular, everyday snacks as Dairy Milk, has taken on an extraordinarily emotive edge. (Sun, 24 Jan 2010 00:04:17 GMT)
(AFX UK Focus) 2010-01-24 03:49 Glance-PRESS DIGEST - British business - Jan 24
The Mail On Sunday (Sun, 24 Jan 2010 04:11:59 GMT)
KDDI to Buy Jupiter Stake From Liberty for $4 Billion (Update3)
KDDI Corp. agreed to buy Liberty Global Inc.’s 38 percent stake in Japanese cable television operator Jupiter Telecommunications Co. for $4 billion to gain subscribers and access to a fiber network. (Mon, 25 Jan 2010 09:53:05 GMT)
KDDI to Buy Jupiter Stake From Liberty for $4 Billion (Update3)
Jan. 25 (Bloomberg) -- KDDI Corp. agreed to buy Liberty Global Inc.’s 38 percent stake in Japanese cable television operator Jupiter Telecommunications Co. (Mon, 25 Jan 2010 10:03:57 GMT)
Community Bank System Announces Fourth Quarter and Full Year 2009 Results and Declares Cash Dividend
SYRACUSE, N.Y.----Community Bank System, Inc. reported quarterly net income of $9.4 million, or $0.28 per share, in the fourth quarter of 2009, a decrease of 21.7% compared to the $12.0 million reported for the fourth quarter of 2008. (Mon, 25 Jan 2010 12:30:00 GMT)
Emerging European Rating Outlooks May Be Raised, Moody’s Says
Jan. 25 (Bloomberg) -- Moody’s Investors Service said it may raise the credit outlooks on five emerging European countries by July as the economies recover from recession and their banking systems stabilize. (Mon, 25 Jan 2010 13:57:02 GMT)
Emerging European Rating Outlooks May Be Raised, Moody’s Says
Jan. 25 (Bloomberg) -- Moody’s Investors Service said it may raise the credit outlooks on five emerging European countries by July as the economies recover from recession and their banking systems stabilize. (Mon, 25 Jan 2010 15:42:13 GMT)
Czech Republic—2010 Article IV Consultation Concluding Statement
1. Prior to the crisis, the Czech Republic benefited from integration with the EU, supported by strong macroeconomic policies. Large foreign direct investment inflows (FDI) fostered trade integration, underpinning an export-led expansion. (Mon, 25 Jan 2010 19:42:38 GMT)
Zions Bancorporation Reports 2009 Fourth Quarter Results Showing Improvement of Credit Measures
Zions Bancorporation today reported a fourth quarter net loss applicable to common shareholders of $176.5 million or $1.26 per diluted share, compared to a net loss of $181.9 million or $1.43 per diluted share for the third quarter of 2009. (Mon, 25 Jan 2010 21:10:00 GMT)
TSX Venture Exchange Daily Bulletins for January 25, 2010
VANCOUVER, BRITISH COLUMBIA-- - (Mon, 25 Jan 2010 21:32:43 GMT)
TSX Venture Exchange Daily Bulletins for January 25, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2010) - /T/ TSX VENTURE COMPANIES ANGLO ALUMINUM CORP. ("ALU") (formerly Navasota Resources Ltd. ("NAV")) BULLETIN TYPE: Name Change BULLETIN DATE: January 25, 2010 TSX Venture Tier 2 Company Pursuant to a resolution passed by Directors on December 21, 2009, the Company has changed its name as follows. There is no consolidation of capital ... (Mon, 25 Jan 2010 21:47:13 GMT)
Analyst Note Boosts K-Sea Transportation Shares
K-Sea Transportation shares close higher after debt modification and analyst upgrade Business - Financial Services - Business and Economy - Financial Planning - Debt Consolidation (Mon, 25 Jan 2010 22:16:31 GMT)
Obama Plans to Cut Student Loan Payments
Plan would cap monthly payments on federal student loans. (Mon, 25 Jan 2010 22:54:09 GMT)
EDITORIAL: In need of fresh blood, GM finds its own outsider
It seems odd to be talking about "stability" in the context of Ed Whitacre, who has been interim CEO of General Motors for only a few weeks, and joined the company's board of directors, at the request of President Barack Obama, only last June. But dropping the interim from Whitacre's title is a move toward normalcy in leadership at the troubled automaker, which otherwise would have been faced ... (Tue, 26 Jan 2010 08:10:07 GMT)
Dollar, Yen Gain Against Euro on China Tightening Speculation
Jan. 26 (Bloomberg) -- The dollar and the yen climbed against higher-yielding currencies amid speculation China will take further steps to cool its economy, boosting demand for the currencies as a haven. (Tue, 26 Jan 2010 10:34:02 GMT)
MGIC Investment Corporation Reports Fourth Quarter 2009 Results
MGIC Investment Corporation today reported a net loss for the quarter ended December 31, 2009 of $280.1 million, compared with a net loss of $275.6 million for the same quarter a year ago. (Tue, 26 Jan 2010 12:00:00 GMT)
FPL Group Reports 2009 Fourth-Quarter and Full-Year Earnings
JUNO BEACH, Fla.----FPL Group, Inc. today reported 2009 fourth-quarter net income on a GAAP basis of $349 million, or $0.85 per share, compared with $408 million, or $1.01 per share, in the fourth quarter of 2008. (Tue, 26 Jan 2010 12:30:00 GMT)
Dollar Gains as China Moves to Slow Grow, Deterring Risk Demand
Jan. 26 (Bloomberg) -- The dollar and yen climbed against higher-yielding currencies on speculation China will take further steps to cool its economy, discouraging demand for higher-yielding assets. (Tue, 26 Jan 2010 13:54:15 GMT)
Dollar Gains as China Curbs Lending, Deterring Risk Demand
Jan. 26 (Bloomberg) -- The dollar and yen climbed against most of their major counterparts on speculation China will take further steps to cool its economy, discouraging demand for higher-yielding assets. (Tue, 26 Jan 2010 14:44:04 GMT)
First Financial Bancorp Reports 2009 Financial & Operational Results
- (Tue, 26 Jan 2010 21:26:00 GMT)
Dollar Gains as China Curbs Lending
The dollar and yen climbed against most of their major counterparts on speculation China will take further steps to cool its economy, discouraging demand for higher-yielding assets. (Tue, 26 Jan 2010 22:06:39 GMT)
Yen May Extend Advance as China Curbs Lending, Deterring Risk
The yen and dollar may extend their advances versus most of their major counterparts on speculation China will take further steps to cool its economy, discouraging demand for higher-yielding assets. (Tue, 26 Jan 2010 22:38:00 GMT)
12. The nature of EON Capital's takeover bid by HLB begs scrutiny from regulators
THE form and substance of Hong Leong Bank Bhd's offer does seem to ignore the minority shareholders in EON Capital and does warrant a more thorough examination by the regulators as well as shareholders, both big and small. (Tue, 26 Jan 2010 23:51:58 GMT)
Asian Stocks Fall for Eighth Day on Monetary Tightening Concern
Jan. 27 (Bloomberg) -- Asian stocks fell for an eighth day, the longest streak since May 2005, as a bigger-than-estimated increase in Australian consumer prices fueled concern tighter monetary policies in the region will slow growth. (Wed, 27 Jan 2010 09:16:22 GMT)
Asian Stocks Fall for Eighth Day on Monetary Tightening Concern
Asian stocks fell for an eighth day, the longest streak since May 2005, as a bigger-than-estimated increase in Australian consumer prices fueled concern tighter monetary policies in the region will slow growth. (Wed, 27 Jan 2010 09:20:04 GMT)
Caterpillar Expects Higher Sales and Revenues and Profit in 2010
Caterpillar Inc. today announced sales and revenues of $32.396 billion for 2009, a decrease of 37 percent from $51.324 billion in 2008. Â Profit per share was $1.43, down 75 percent. Â Excluding redundancy costs of $0.75, 2009 profit was $2.18 per share. (Wed, 27 Jan 2010 12:30:00 GMT)
AGF Management Limited Reports Fiscal 2009 Results
AGF Management Limited today announced financial results for the year ended November 30, 2009, reporting net income of $97.7 million or $1.09 per share diluted, an increase in total assets under management of 25.5%, significant gains in the institutional markets and improved fourth quarter results at AGF Trust. (Wed, 27 Jan 2010 13:00:00 GMT)
McClatchy Announces Consents to Amend Its Credit Agreement
The McClatchy Company announced that lenders holding approximately 90% of the total commitments under the company's credit facility have consented to an amendment to the credit agreement that will permit the company to issue $875 million of senior secured refinancing debt to refinance a portion of its bank debt and certain of its existing public bonds maturing in 2011 and 2014, and to extend the ... (Wed, 27 Jan 2010 13:01:00 GMT)
Nigeria : Fighting Poverty Through Agriculture
Lagos — Writing on "Poverty, Growth and Inequality in Nigeria-A Case Study" Ben E. Aigbokhan said poverty can be defined as the inability to achieve a certain minimal standard of living. (Wed, 27 Jan 2010 13:03:34 GMT)
Susquehanna Bancshares, Inc. Announces Fourth Quarter and Full Year 2009 Results
LITITZ, Pa.----Susquehanna Bancshares, Inc. today announced net income applicable to common shareholders for the quarter ended December 31, 2009 was $3.4 million, or $0.04 per diluted common share, compared to net income applicable to common shareholders of $18.2 million or $0.21 per diluted common share for the fourth quarter of 2008. (Wed, 27 Jan 2010 20:15:00 GMT)
OCR holds, mid-year rate hike still likely
Reserve Bank Governor Alan Bollard kept the official cash rate at a record-low 2.5% as expected, and said tame inflation data gave him breathing space to stick to his timeline of a mid-year rate hike. (Wed, 27 Jan 2010 20:27:18 GMT)
Bollard holds OCR; reiterates outlook for mid-year hike
Reserve Bank Governor Alan Bollard kept the official cash rate at a record-low 2.5% as expected, and said the gradual recovery in the economy was in line with expectations and gave him breathing space to stick to his timeline of a mid-year rate hike. (Wed, 27 Jan 2010 20:41:54 GMT)
Asia stocks fall on tightening concerns
Asian stocks fell for an eighth day, the longest streak since May 2005, as a bigger-than-estimated increase in Australian consumer prices fuelled concern tighter monetary policies in the region will slow growth. (Thu, 28 Jan 2010 00:32:40 GMT)
Methanex Reports Stronger Results in the Fourth Quarter
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/27/10) - Methanex Corporation (TSX: MX - News )(NASDAQ: MEOH - News )(SANTIAGO: Methanex - News ) - For the fourth quarter of 2009, Methanex reported Adjusted EBITDA(1) of $72.9 million and net income of $25.7 million ($0.28 per share on a diluted basis). This compares with Adjusted EBITDA of $31.0 million and a net loss of $0.8 million ($0.01 per ... (Thu, 28 Jan 2010 01:56:00 GMT)
Methanex Reports Stronger Results in the Fourth Quarter
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) - For the fourth quarter of 2009, Methanex reported Adjusted EBITDA(1) of $72.9 million and net income of $25.7 million ($0.28 per share on a diluted basis). This compares with Adjusted EBITDA of $31.0 million and a net loss of $0.8 million ($0.01 per share on a diluted basis ... (Thu, 28 Jan 2010 02:01:39 GMT)
Caterpillar Expects Higher Sales and Revenues and Profit in 2010
PEORIA, Ill., Jan. 27 -- Caterpillar Inc. today announced sales and revenues of $32.396 billion for 2009, a decrease of 37 percent from $51.324 billion in 2008. Profit per share was $1.43, down 75 percent. Excluding redundancy costs of $0.75, 2009 profit was $2.18 per share. (Thu, 28 Jan 2010 03:16:27 GMT)
Harsco Reports Fourth Quarter 2009 Diluted Earnings Per Share From Continuing Operations of $0.50 and Achieves Record ...
HARRISBURG, Pa. -- Worldwide industrial services and engineered products company Harsco Corporation reported fourth quarter 2009 results from continuing operations. (Thu, 28 Jan 2010 12:30:00 GMT)
First Financial Bancorp Announces Pricing of $85 Million Common Equity Offering
First Financial Bancorp announced today that it has entered into an underwriting agreement for the sale of 5,614,200 of its common shares at a price of $15.14 per share. The net proceeds of the offering to First Financial, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $80.3 million. (Thu, 28 Jan 2010 13:30:00 GMT)
MONEY & BANKING
INSIGHT: Going ahead with bank mergers The consolidation of public sector banks has been on the agenda for many years, but despite many an effort precious little has been achieved on the ground. The first mistake was made at the time of nationalisation of 14 banks in 1969, when ... (Thu, 28 Jan 2010 18:50:34 GMT)
Obama moves to rein in banks in Wall Street assault
WASHINGTON (AFP) - President Barack Obama unveiled plans Thursday to limit the size and scope of US banks and finance firms in a new assault on the Wall Street excesses laid bare by the financial crisis. (Thu, 28 Jan 2010 20:54:58 GMT)
Dollar Financial Corp Announces Record Second Quarter Results
BERWYN, Pa.----Dollar Financial Corp , a leading international diversified financial services company primarily serving unbanked and under-banked consumers for nearly 30 years, today announced its results for the fiscal second quarter ended December 31, 2009. (Thu, 28 Jan 2010 21:00:00 GMT)
Synovus Reports Results for Fourth Quarter 2009
COLUMBUS, Ga.----Synovus Financial Corp. announced today its results of operations for the fourth quarter of 2009. Business Highlights (Thu, 28 Jan 2010 21:01:00 GMT)
1 2 Next
