Debt Consolidation News Feb 2010
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First State Reports Fourth Quarter Results
ALBUQUERQUE, N.M.----First State Bancorporation : (Mon, 01 Feb 2010 12:00:00 GMT)
EU Should Back Greece to Avert ‘Snowball Effect,’ Nomura Says
Feb. 1 (Bloomberg) -- The European Union should back Greece as it helped bail out eastern members to avert a “speculative attack” that could spread to Spain, Portugal and Ireland, said Peter Attard Montalto , an economist at Nomura Holdings Inc. (Mon, 01 Feb 2010 13:57:10 GMT)
Consumers Want to Know How to Reduce Debt, Build Credit and Save More
MINNEAPOLIS----As the economic recovery slowly continues, consumers would like to learn more about how to gain a solid financial footing. Specifically, they are asking their financial institutions how they can raise their credit scores, reduce debt and build their savings. (Mon, 01 Feb 2010 14:55:00 GMT)
EU Should Back Greece to Avert ‘Snowball Effect,’ Nomura Says
Feb. 1 (Bloomberg) -- The European Union should back Greece as it helped bail out eastern members to avert a “speculative attack” that could spread to Spain, Portugal and Ireland, said Peter Attard Montalto , an economist at Nomura Holdings Inc. (Mon, 01 Feb 2010 16:24:12 GMT)
Credit Card Debt Relief Bailout Has Arrived for U.S. Consumers
CHICAGO, IL--(Marketwire - 02/01/10) - Credit card debt relief is now available to all U.S. consumers and businesses in a series of sweeping new programs. These credit card debt relief programs have been designed for the quick and effective elimination of large amounts of credit card debt, thereby offering a fresh start to individuals and businesses across the country. According to Total Debt ... (Mon, 01 Feb 2010 19:28:00 GMT)
Credit Card Debt Relief Bailout Has Arrived for U.S. Consumers
Big Banks and the Auto Industry Are Not the Only Ones Getting a Debt Bailout These Days, Consumer Advocate TotalDebtRelief.net Explains (Mon, 01 Feb 2010 19:36:50 GMT)
First BanCorp Reports Financial Results for the Quarter and Year Ended December 31, 2009
SAN JUAN, Puerto Rico----First BanCorp , the bank holding company for FirstBank Puerto Rico , today reported results for the fourth quarter and year ended December 31, 2009. The net loss for the quarter totaled $53.2 million, or $ per diluted share, compared to a net loss of $165.2 million, or $ per diluted share for the third quarter ended September 30, 2009. (Mon, 01 Feb 2010 21:50:00 GMT)
Las Vegas casinos need a full house to break losing streak
The dependence of Las Vegas on visitor spending means the recession has hit hard, reports James Quinn (Mon, 01 Feb 2010 22:15:01 GMT)
Jamie Chase: Measuring the Move: $20 Million and Counting
Healthy pride feeds our desire to create our own solutions -- and to send a strong message to mega-banks that we won't be their prey. That's why credit unions are a logical move. (Mon, 01 Feb 2010 22:41:47 GMT)
NBAD Is Owed $239 Million by Dubai World, CEO Says (Update1)
Feb. 1 (Bloomberg) -- National Bank of Abu Dhabi PJSC , the United Arab Emirates’ second-biggest bank, is owed $239 million by state-owned Dubai World, Chief Executive Officer Michael Tomalin said. (Tue, 02 Feb 2010 04:06:35 GMT)
Cummins Reports Strong Sales and Profits in Fourth Quarter 2009
COLUMBUS, Ind.----Cummins Inc. today reported that the fourth quarter 2009 was the most profitable fourth quarter in Company history, eclipsing the previous mark set in 2007. (Tue, 02 Feb 2010 12:30:00 GMT)
MetLife Announces Fourth Quarter and Full Year 2009 Results
NEW YORK----MetLife, Inc. today reported fourth quarter 2009 net income1 of $289 million, or $0.35 per share, which reflects net investment gains and losses. Operating earnings2 for the fourth quarter of 2009 were $793 million, or $0.96 per share. (Tue, 02 Feb 2010 21:03:00 GMT)
Investment Technology Group Reports Fourth Quarter 2009 Results
Investment Technology Group, Inc. , a leading agency broker and financial technology firm, today announced that for the quarter ended December 31, 2009, it incurred a net loss of $7.8 million, or $0.18 per diluted share, compared to net income of $28.7 million, or $0.66 per diluted share for the quarter ended December 31, 2008. Â Excluding restructuring charges, fourth quarter pro forma ... (Wed, 03 Feb 2010 13:00:00 GMT)
Student Loan: Is it really worth opting for Student loan consolidation?
Education has a lot of significance in our lives today. However, this has become a mode of business nowadays and students as well as parents find it difficult to afford the education fees of colleges. (Wed, 03 Feb 2010 14:35:19 GMT)
Student Loan: Make your student loan repayment easier through student loan payment programs
In today's world of cut throat competition, education is one of the necessities to survive in this world. However, most of the students have to go for options like seeking financial loans and continue with their education. (Wed, 03 Feb 2010 14:35:39 GMT)
Syrian Arab Republic —2009 Article IV Consultation Preliminary Conclusions of the IMF Mission
This concluding statement summarizes the preliminary findings and recommendations of the IMF mission, which visited Damascus during December 7 21, 2009 to conduct discussions for the 2009 Article IV consultation. (Wed, 03 Feb 2010 14:42:34 GMT)
U.S. Banks Stock Update - Feb. 2010
The Treasury's requirement of focusing banking institutions towards higher-quality capital will help banks absorb big losses. Specific banks that we like with a Zacks #1 Rank include BANF, FCVA and BBNK. (Wed, 03 Feb 2010 19:45:15 GMT)
Ameriprise Financial Reports Fourth Quarter and Full Year 2009 Results
MINNEAPOLIS----Ameriprise Financial, Inc. today reported net income of $237 million for the fourth quarter of 2009 compared to a net loss of $369 million for the fourth quarter of 2008. (Wed, 03 Feb 2010 21:05:00 GMT)
Stanley Furniture Announces 2009 Operating Results
STANLEYTOWN, Va.----Stanley Furniture Company, Inc. today reported sales and operating results for 2009. The Company also announced today that its Board of Directors elected Glenn Prillaman President and Chief Executive Officer and to serve as a Director. (Wed, 03 Feb 2010 21:17:00 GMT)
Brightpoint Reports Fourth Quarter and Year End 2009 Financial Results
INDIANAPOLIS -- Brightpoint, Inc. reported its financial results for the fourth quarter ended December 31, 2009. Unless otherwise noted, amounts pertain to the fourth quarter of 2009. (Wed, 03 Feb 2010 22:00:00 GMT)
Rell proposes no new taxes in tweaking $18.9B budget (multimedia)
HARTFORD — Gov. M. Jodi Rell Wednesday, in her last budget address, emphasized programs to encourage job creation, while she looked to increased federal aid, social services cuts and a consolidation of agencies, among other things, to close a $686 million deficit for 2010-2011. (Thu, 04 Feb 2010 13:30:24 GMT)
Nigerian Banks Rally to Six-Month High on Earnings Prospects
Feb. 4 (Bloomberg) -- Nigerian stocks rallied the most in six months to the best-performing market in the world, led by a surge in banking shares as investors estimate the worst is over for the industry and it will report better earnings from March. (Thu, 04 Feb 2010 13:51:20 GMT)
DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet
DJ DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet Dow Jones Newswires sendet im Anschluss die Einleitenden Bemerkungen des Präsidenten ... (Thu, 04 Feb 2010 14:31:48 GMT)
DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet
-1 of 2- 04 Feb 2010 13:52:00 UTC DJ DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet Dow Jones Newswires sendet im Anschluss die Einleitenden Bemerkungen des ... (Thu, 04 Feb 2010 14:41:00 GMT)
DOKUMENTATION/Einleitende Bemerkungen von EZB-Präsident Trichet
Dow Jones Newswires sendet im Anschluss die Einleitenden Bemerkungen des Präsidenten der Europäischen Zentralbank (EZB), Jean-Claude Trichet. "Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference today. (Thu, 04 Feb 2010 14:52:06 GMT)
Nigerian Stocks Rally to Six-Month High on Earnings (Update1)
Feb. 4 (Bloomberg) -- Nigerian stocks rallied to an almost six-month high, led by a surge in banking shares as investors estimate the worst is over for the industry and it will report better earnings from March. (Thu, 04 Feb 2010 15:06:05 GMT)
Rell proposes no new taxes in tweaking $18.9B budget (multimedia)
HARTFORD — Gov. M. Jodi Rell Wednesday, in her last budget address, emphasized programs to encourage job creation, while she looked to increased federal aid, social services cuts and a consolidation of agencies, among other things, to close a $686 million deficit for 2010-2011. (Thu, 04 Feb 2010 21:01:36 GMT)
ECB leaves rates at record low as Greece debt watched
The European Central Bank left its benchmark interest rate at 1 per cent, a record low, and will probably hold off unwinding any more emergency lending measures as Greece's budget deficit takes center stage. (Thu, 04 Feb 2010 22:11:01 GMT)
Martin Flanagan: Santander in pole position to exploit divestment
IT'S as well Spanish banking giant Santander's overseas expansion has been so cat-footed. (Fri, 05 Feb 2010 00:10:07 GMT)
How to tackle debt
Should you settle debt with the highest interest rates first, or go for the quick-win "snowball effect"? (Fri, 05 Feb 2010 09:12:49 GMT)
PM Filat: USA is a honest and reliable friend of Moldova
Moldovan Prime Minister Vlad Filat's exclusive interview with the news agency MOLDPRES MOLDPRES: After your appointment as prime minister, you have visited many Western capitals, with Western politicians assuring Moldova of support in all the sectors: political economic, social, etc. But one could get the impression that you failed to command your emotions only in a single case, in Washington ... (Fri, 05 Feb 2010 14:21:26 GMT)
Research and Markets: Generating Returns on Renewable Generation: How Manufacturing Economics will Impact Investments ...
DUBLIN----Research and Markets has announced the addition of the "Generating Returns on Renewable Generation: How Manufacturing Economics will Impact Investments in Wind, Solar, and Ocean Power" report to their offering. (Fri, 05 Feb 2010 15:20:00 GMT)
Dodd Denounces Pace of Banking Overhaul
At a Senate hearing, Senator Christopher J. Dodd said he was frustrated that nearly two years after the collapse of Bear Stearns, the rules of Wall Street hadn’t changed. (Fri, 05 Feb 2010 18:27:38 GMT)
Personal insolvency: Your stories
The number of people who were declared insolvent in England and Wales hit a record high in the last quarter of 2009 and during the year in full. BBC News website readers have been telling us about their experiences of bankruptcy and debt problems. (Fri, 05 Feb 2010 20:17:42 GMT)
Interview With German Economic Adviser - Euro Zone 'Could Cope With Greek Bankruptcy'
Greece is currently facing the prospect of bankruptcy, which could threaten the euro. (Fri, 05 Feb 2010 20:58:51 GMT)
Manila c.bank approves $655 mln in soft loans
MANILA, Feb 7 (Reuters) - The Philippine central bank has approved $655 million worth of official development assistance loans from multilateral institutions in support of fiscal consolidation and social welfare projects, official documents show. (Sun, 07 Feb 2010 07:04:22 GMT)
Manila c.bank approves $655 mln in soft loans
MANILA, Feb 7 (Reuters) - The Philippine central bank has approved $655 million worth of official development assistance loans from multilateral institutions in support of fiscal consolidation and social welfare projects, official documents show. (Sun, 07 Feb 2010 07:04:22 GMT)
Game on in wealth management
The withdrawal of the wholesale guarantee scheme for banks will ignite competition in the financial services sector. (Sun, 07 Feb 2010 12:50:32 GMT)
Game on in wealth management
The Rudd Government's decision to prematurely withdraw its deposit and wholesale guarantee scheme for banks will ignite competition in the financial services sector. (Sun, 07 Feb 2010 13:17:06 GMT)
Government decides to call time on bank guarantee, and now the game is on
The federal government decision to prematurely withdraw its deposit and wholesale guarantee scheme for banks will ignite (Sun, 07 Feb 2010 13:33:57 GMT)
Expensive package
While an under-penetrated market coupled with robust expansion plans could churn better growth rates for Hathway, the IPO pricing is stiff. (Sun, 07 Feb 2010 18:35:03 GMT)
Central bank OK's $655-M loans for fiscal boost
The Bangko Sentral ng Pilipinas (BSP) has approved $655 million worth of official development assistance loans from multilateral institutions in support of fiscal consolidation and social welfare projects, official documents showed. (Mon, 08 Feb 2010 02:28:35 GMT)
Prosperity Bank(R) to Acquire Texas Branches of First Bank
Prosperity Bancshares, Inc.® announced today the signing of a definitive agreement whereby Prosperity Bank® will acquire the nineteen Texas retail bank branches of First Bank, a Missouri state-chartered bank. (Mon, 08 Feb 2010 14:15:00 GMT)
Toromont Announces Results for the Fourth Quarter and Full Year 2009
TORONTO, ONTARIO--(Marketwire - Feb. 8, 2010) - Toromont Industries Ltd. (TSX:TIH) today reported financial results for the fourth quarter and full year ended December 31, 2009. Revenues declined 26% from the records set in the fourth quarter of 2008, reflecting weaker economic conditions. Earnings per share were $0.48 in the quarter compared to $0.76 in the fourth quarter of 2008. R (Mon, 08 Feb 2010 17:53:17 GMT)
Debt Consolidation & Your Credit Report: The Correlation Explained
CHICAGO, IL--(Marketwire - 02/08/10) - Debt in the form of a monthly mortgage payment, car payment, credit cards and student loans are typical in most people's lives. The ready availability of credit, especially during the economic boom period before the recession, has caused many consumers to go far into debt, leading many to wonder and ponder about such things as debt consolidation as well as ... (Mon, 08 Feb 2010 18:09:00 GMT)
Student Loans 2010: Five Websites Everyone With Student Loans Should Know
Filed under: Personal Finance , Savings , Financial Aid , Credit Report , Budget It's 2010. Do you know the current state of your student loans? It takes the average college graduate 15 years to repay his or her student loans, according to the College Board. A lot can happen over that time. So if you ever find yourself struggling to pay your college debts - or even just needing more information ... (Mon, 08 Feb 2010 18:13:54 GMT)
Debt Consolidation & Your Credit Report: The Correlation Explained
With Debt Being a Part of Everyday Life for Most Americans, Consumer Advocate TotalDebtRelief.net Breaks Down the Effect Which Debt Consolidation Has on One's Credit Report (Mon, 08 Feb 2010 18:22:50 GMT)
Markets snub EU pledge to help Greek with debt
Currency markets on Thursday snubbed European leaders' vague pledge of support to help Greece avoid defaulting on its debt, sending the euro down against the U.S. dollar and doing little to halt fears of market contagion. The euro traded near eight-month lows... Financial Services - Business - Business and Economy - Financial Planning - Debt Consolidation (Mon, 08 Feb 2010 18:45:23 GMT)
MGM Mirage Wants to Extend Maturity on Some Debt
MGM Mirage wants to extend maturity dates on some $5.55 billion of debt Financial services - Business - Financial Planning - Business and Economy - Debt Consolidation (Mon, 08 Feb 2010 18:46:52 GMT)
Johnson Outdoors Inc. Reports Operating Results (10-Q)
By 10qk. Johnson Outdoors Inc. ( JOUT ) filed Quarterly Report for the period ended 2010-01-01. Read more » » (Mon, 08 Feb 2010 21:18:33 GMT)
Nine O'Clock
Private environment provides 4.5 times more unemployed than the state field. (Mon, 08 Feb 2010 21:24:21 GMT)
Work on Olgana will begin in second or third quarter: Abyaar
Abyaar Real Estate Development Abyaar Real Estate Development , Kuwait-based developer, said it will start construction of Olgana Tower in Acacia Avenue Al Sofouh area by second or third quarter, said a spokesperson. (Tue, 09 Feb 2010 07:00:05 GMT)
StuFund Launches Financial Aid eBook
Student Funding Group, LLC (StuFund) announced the production of its new eBook "I Pay, You Repay - A Dialogue on Financial Aid for Parents and Students". (Tue, 09 Feb 2010 07:01:00 GMT)
The Coca-Cola Company Reports 2009 Fourth Quarter and Full Year Results
ATLANTA----The Coca-Cola Company reports solid fourth quarter 2009 operating results, with unit case volume increasing 5 percent, successfully cycling 4 percent growth in the prior year quarter. (Tue, 09 Feb 2010 12:30:00 GMT)
Inmet Announces Fourth Quarter Earnings of $1.60 Per Share Compared With a Loss of $0.67 Per Share in the Fourth ...
TORONTO, CANADA--(Marketwire - 02/09/10) - All amounts in Canadian dollars unless indicated otherwise Inmet (TSX: IMN - News ) announces fourth quarter earnings of $1.60 per share compared with a loss of $0.67 per share in the fourth quarter of 2008 Fourth quarter highlights -- Earnings from operations were higher because of higher metal prices Higher copper and zinc prices increased sales by ... (Tue, 09 Feb 2010 13:50:00 GMT)
Inmet Announces Fourth Quarter Earnings of $1.60 Per Share Compared With a Loss of $0.67 Per Share in the Fourth ...
TORONTO, CANADA--(Marketwire - Feb. 9, 2010) - A (Tue, 09 Feb 2010 13:59:11 GMT)
ArcelorMittal Reports Full Year and Fourth Quarter 2009 Results
ArcelorMittal (referred to as “ArcelorMittal”, or the “Company”) (MT (New York, Amsterdam, Brussels, Luxembourg, Paris) MTS (Madrid)), the world’s leading steel company, today announced re... (Wed, 10 Feb 2010 13:37:01 GMT)
Financial Times FT.com
This article is provided to FT.com readers by Debtwire —the most informed news service available for financial professionals in fixed income markets across the world. (Wed, 10 Feb 2010 14:26:10 GMT)
DGAP-Adhoc: Drillisch AG: Prelim. Net Profit of 101.3m Euro (2008: -184.1m Euro); EBITDA 50.7m Euro (2008: 40.6m Euro ...
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. (Wed, 10 Feb 2010 14:27:06 GMT)
DGAP-Adhoc: Drillisch AG: Prelim. Net Profit of 101.3m Euro (2008: -184.1m Euro); EBITDA 50.7m Euro (2008: 40.6m Euro ...
» DGAP-Adhoc: Drillisch AG: Prelim. Net Profit of 101.3m Euro (2008: -184.1m Euro); EBITDA 50.7m Euro (2008: 40.6m Euro); EPS EUR1.98 (2008: - 3.58 Euro) (Wed, 10 Feb 2010 14:39:59 GMT)
Dow Jones Nachrichten:
DJ DGAP-Adhoc: Drillisch AG: Prelim. Net Profit of 101.3m Euro (2008: -184.1m Euro); EBITDA 50.7m Euro (2008: 40.6m Euro); EPS DJ DGAP-Adhoc: Drillisch AG: Prelim. (Wed, 10 Feb 2010 15:15:50 GMT)
Recordati : Preliminary Full Year 2009 Results in Line With Targets: Revenues +8.4%, Net Income +10.1%
MILAN, ITALY--(Marketwire - 02/11/10) - - Consolidated revenue EUR 747.5 million, + 8.4%. - Pharmaceutical revenue EUR 720.6 million, + 9.4%. - International sales EUR 534.8 million (71.5% of total revenue), + 10.6%. - Operating income EUR 162.2 million, + 12.1%. - Net income EUR 110.6 million, + 10.1%. - Net financial position*: net debt of EUR 19.7 million. - 2010 targets: Revenues of around ... (Thu, 11 Feb 2010 12:17:00 GMT)
EU leaders reach deal to rescue Greece
European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro. (Thu, 11 Feb 2010 13:45:05 GMT)
EU president: Deal reached on helping Greece
EU President Herman Van Rompuy says European leaders have reached a deal on helping Greece with a debt crisis that threatens to spread to other eurozone nations. (Thu, 11 Feb 2010 14:36:25 GMT)
EU leaders reach deal to rescue debt-laden Greece (Business Times
BRUSSELS: European leaders have reached a deal to provide aid to Greece, European Union (EU) president Herman Van Rompuy said yesterday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro. "There is an agreement on the Greek situation. We will communicate the agreement to the other leaders," van Rompuy told reporters gathered at an EU leaders ... (Thu, 11 Feb 2010 15:50:44 GMT)
EU leaders reach deal to rescue debt-laden Greece (Business Times
BRUSSELS: European leaders have reached a deal to provide aid to Greece, European Union (EU) president Herman Van Rompuy said yesterday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro. (Thu, 11 Feb 2010 18:16:28 GMT)
Debt Settlement & the National Debt: Relief Explained
CHICAGO, IL--(Marketwire - 02/11/10) - The U.S. national debt currently stands at over 12 trillion dollars and continues to rise. Yes, that's trillion with a "t." Consumer debt is also equally troubling. This debt, which includes credit card debt, mortgages and student loans, also continues to grow. Consider: Roughly 43% of U.S. families spend more than they earn. The average U.S. household ... (Thu, 11 Feb 2010 19:39:00 GMT)
Debt Settlement & the National Debt: Relief Explained
Consumer Advocate TotalDebtRelief.net Explains How Credit Card Debt Programs Helping to Eliminate Consumer Debt Nationwide (Thu, 11 Feb 2010 19:54:12 GMT)
Debt Management & Debt Solutions Helping Consumers Eliminate Debt
SAN DIEGO, CA--(Marketwire - 02/11/10) - Consumers nationwide are feeing pinched, pulled, and stressed to the breaking point by revolving debt, particularly credit card debt. While many consumers might consider such things as yard sales and garage sales as debt management and debt solutions, there are an abundance of special programs today which aim to reduce and eliminate large amounts of debt ... (Thu, 11 Feb 2010 20:22:00 GMT)
Debt Management & Debt Solutions Helping Consumers Eliminate Debt
With the Country in the Midst of a Continued Recession, Consumer Advocate DebtRelief.us.com Advises Consumers on Debt Relief and Debt Elimination Options Available Today (Thu, 11 Feb 2010 20:24:38 GMT)
(AFX UK Focus) 2010-02-12 10:47 Hungary cbanker says lending recovery will be slow
BUDAPEST, Feb 12 (Reuters) - A recovery in Hungarian bank lending will be slow and further fiscal consolidation is needed to open room for more monetary easing and economic recovery, central bank Deputy Governor Ferenc Karvalits said on Friday. "Domestic banks are likely to further cut their foreign debt in the near future which means that their lending activity can rise only in tandem with a ... (Fri, 12 Feb 2010 10:56:59 GMT)
Steps to take to get out of debt
Positive moves to counteract negative cash flow. In July, a New York Times article mentioned that half of American families were carrying more than $25,000 in debt. Of course, some of this can be attributed to mortgages. But the borrowing doesn't stop there. Every day, people draw on money they don't actually have - via credit cards, payday loans, home equity lines of credit, and even their 401 ... (Fri, 12 Feb 2010 23:24:40 GMT)
The 15th Annual THISDAY Awards: Nigeria at 50 Awards
50 Years of Independence... Prologue: Tugging at the heart of every golden jubilee anniversary is the desire to celebrate, to take stock. Indeed, 50 years in the life of any nation is a long time. (Sun, 14 Feb 2010 02:29:21 GMT)
Bendigo and Adelaide Bank profit soars
BENDIGO and Adelaide Bank has more than doubled its first-half net profit to $104.1 million. (Sun, 14 Feb 2010 23:16:08 GMT)
UPDATE: OECD Report Adds Pressure On Australia Infrastructure Plans
UPDATE: OECD Report Adds Pressure On Australia Infrastructure Plans (Mon, 15 Feb 2010 04:54:07 GMT)
OECD Report Adds Pressure On Australia Infrastructure Plans
(Adds comments from Finance Minister, background) Of DOW JONES NEWSWIRES CANBERRA -(Dow Jones)- A report by the Organization for Economic Cooperation and Development published Monday homed in on stal... (Mon, 15 Feb 2010 06:52:44 GMT)
Budget a 'baptism of fire'
SA's finance minister has to tackle the most challenging conditions since 1994 in his budget. (Mon, 15 Feb 2010 08:34:07 GMT)
Titans/Builders: Adetokunbo Ademola
Justice Adetokunbo Ademola was the first indigenous Chief Justice of Nigeria (CJN). He was Chief Justice of Western Region before his appointment as CJN. His time as CJN spanned the colonial and post-colonial eras, making him a bridge between the two epochs in the country's history. (Mon, 15 Feb 2010 15:04:50 GMT)
Credit Card Debt Relief Strategies to Pay Down Debt
ATLANTA, GA--(Marketwire - 02/15/10) - As is typical for most years, consumer spending peaks over the Christmas holiday shopping season and then returns to normal. Much of the spending that takes place is done with credit cards. And herein lays the rub: It's far too easy for consumers to rack up huge amounts of credit card debt during this time period, all in the name of tradition and gift ... (Mon, 15 Feb 2010 20:14:00 GMT)
Credit Card Debt Relief Strategies to Pay Down Debt
As Debt From Plastic Continues to Hamper a National Recovery, Consumer Advocate TotalDebtRelief.net Offers Tips and Resources to Break Free (Mon, 15 Feb 2010 20:26:16 GMT)
Accelerating out of the great recession
New book from senior partners at The Boston Consulting Group discusses how to win in a slow-growth economy. As the ramifications of the economic meltdown spread around the globe—affecting governments, industries, and consumers—every company needs to take action. (Mon, 15 Feb 2010 21:09:21 GMT)
Big, bigger - Westpac in robust health
Westpac provides further proof just how big the big four banks have become since the financial crisis began scything its way through the industry two years ago. (Tue, 16 Feb 2010 01:52:54 GMT)
Fourth Quarter 2009 Financial Results
FOR: AFRICAN COPPER PLC AIM SYMBOL: ACU February 16, 2010 Fourth Quarter 2009 Financial Results LONDON, UNITED KINGDOM--(Marketwire - Feb. 16, 2010) - /T/ AFRICAN COPPER PLC ("African Copper", "the Company" or "the Group") MANAGEMENT'S DISCUSSION AND ANALYSIS For the three and twelve month period ended 31 December 2009 /T/ African Copper plc (AIM:ACU), today announces results for the three and ... (Tue, 16 Feb 2010 07:11:54 GMT)
First Uranium reports financial results for the three and nine...
All amounts are in US dollars unless otherwise noted. The Q3 2010 Management Discussion & Analysis has been appended to this release. For the Q3 2010 Financial Statements, please see the Compan... (Tue, 16 Feb 2010 09:50:36 GMT)
Realogy Reports Results for Full Year 2009
PARSIPPANY, NJ--(Marketwire - 02/16/10) - Realogy Corporation, a global leader in real estate and relocation services, today reported results for the year ended December 31, 2009. Realogy had 2009 net revenue of $3.9 billion, a net loss attributable to the Company of $262 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) of $465 million. As of December 31, 2009 ... (Tue, 16 Feb 2010 13:06:00 GMT)
Realogy Reports Results for Full Year 2009
Real Estate Leader Posts Net Revenue of $3.9 Billion, Net Loss of $262 Million and EBITDA of $465 Million (Tue, 16 Feb 2010 13:19:25 GMT)
Banks’ deposit base increases
The banking system remained sound and stable during the last quarter of the year, with deposits increasing by 11 percent and bad loans easing further to 3.9 percent. (Tue, 16 Feb 2010 14:31:39 GMT)
First Keystone Financial Announces First Quarter Results
MEDIA, Pa.----First Keystone Financial, Inc. , the holding company for First Keystone Bank , announced today a net loss for the quarter ended December 31, 2009 of $1.3 million, or $0.55 per diluted share, compared to net loss of $63,000, or $0.03 per diluted share, for the same period last year. (Tue, 16 Feb 2010 21:30:00 GMT)
IMF Executive Board Concludes 2009 Article IV Consultation with Morocco
On January, 25, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Morocco. 1 Morocco’s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given Morocco greater room for maneuver in its policy response. (Tue, 16 Feb 2010 23:57:34 GMT)
First Keystone Financial Announces First Quarter Results
FKFS (the “Company”), the holding company for First Keystone Bank (the “Bank”), announced today a net loss for the quarter ended December 31, 2009 of $1.3 million, or $0.55 per diluted shar... (Wed, 17 Feb 2010 00:21:21 GMT)
New Website Gives Plenty to Tweet About
Mike Pero Mortgages’ website has undergone a complete revamp and has recently been launched to the market. (Wed, 17 Feb 2010 01:27:17 GMT)
Publicis Groupe: 2009 Annual Results
1. Fourth quarter 2009 (Wed, 17 Feb 2010 06:30:00 GMT)
Asia markets rally; weaker yen boosts Japan
Asia markets rally as resource shares rise sharply on higher commodity prices, while a weaker yen boosts Japanese exporters. (Wed, 17 Feb 2010 10:15:40 GMT)
Loblaw Companies Limited Reports 2009 Fourth Quarter and Fiscal Year Ended January 2, 2010 Results(1)
Loblaw Companies Limited today announced its unaudited financial results for the fourth quarter and fiscal year ended January 2, 2010 based on management's review of preliminary unaudited results for these periods. (Wed, 17 Feb 2010 13:00:00 GMT)
China Aoxing Pharmaceutical Company Reports Second Quarter 2010 Financial and Operational Results
NEW YORK, NY--(Marketwire - February 17, 2010) - China Aoxing Pharmaceutical Company, Inc. ( OTCBB : CAXG ) ("China Aoxing"), a China-based pharmaceutical company specializing in research, development, manufacturing and distribution of narcotic and pain-management products, today announced financial and operational results for the three months ended December 31, 2009, or the second quarter of ... (Wed, 17 Feb 2010 17:27:10 GMT)
FNCB Releases 2009 Results
DUNMORE, Pa.----First National Community Bancorp, Inc. , the parent company of Dunmore based First National Community Bank, reported a net loss for the year of 2009 totaling $11.3 million. (Wed, 17 Feb 2010 21:20:00 GMT)
Scams!
The top rip-offs you should avoid Scams have been around since snake oil was invented. But consumer advocates say that scams have taken a particularly nasty turn thanks to two recent trends: new technologies that allow anonymous scammers to create fake relationships with their marks, and the downturn in the economy, which encourages cash-strapped people to do desperate things—like wiring money ... (Wed, 17 Feb 2010 22:57:14 GMT)
Complete Crisis Coordination
The subprime debt issue of 2007 blossomed into a global credit crisis. Likewise, the Dubai sovereign debt issue will blossom into a global sovereign debt crisis in similar pathogenesis. The start and end points are located in the Untied States and Untied Kingdom . (Wed, 17 Feb 2010 23:28:26 GMT)
Business in Brief
Lito Real Estate would like you to know that it isn't going to be meeting its interest payment on series B1 bonds, which are due on February 28. During February, two directors left the board and in January the company said that a Romanian court appointed bailiffs for land the company owns, after the company failed to meet the loan repayment schedule. (Thu, 18 Feb 2010 01:06:37 GMT)
Nexen Announces Strong Fourth Quarter and Annual Financial Results Together With Excellent Reserve Adds
CALGARY, ALBERTA--(Marketwire - 02/18/10) - In 2009 we made significant progress on our three corporate strategies relating to the Athabasca oil sands, Horn River shale gas, and conventional exploration and development. Strong proved reserve adds allowed us to replace over 200% of our production. During the year, we generated cash flow of $2.2 billion ($4.25/share) and earnings of $536 million ... (Thu, 18 Feb 2010 11:30:00 GMT)
Nexen Announces Strong Fourth Quarter and Annual Financial Results Together With Excellent Reserve Adds
CALGARY, ALBERTA--(Marketwire - Feb. 18, 2010) - In 2009 we made significant progress on our three corporate strategies relating to the Athabasca oil sands, Horn River shale gas, and conventional exploration and development. Strong proved reserve adds allowed us to replace over 200% of our production. During the year, we generated cash flow of $2.2 billion ($4.25/share) and earnings of $536 ... (Thu, 18 Feb 2010 11:41:34 GMT)
Shares rise in Europe; Bank of Japan calls for government plan to cut public debt; Pernod Ricard earnings dip
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactiv... (Thu, 18 Feb 2010 14:41:13 GMT)
Taylor Capital: Credit's Being Fixed and Growth Is On The Horizon
By Thomas Brown. It's no secret what our investment strategy has been lately. We're looking for banks that were seared badly during the credit crunch, saw their stocks get walloped, but have lately begun to get a handle on their credit problems and will shortly return to profitability. Read more » » (Thu, 18 Feb 2010 15:17:47 GMT)
Complete Crisis Coordination
Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. (Thu, 18 Feb 2010 15:46:00 GMT)
Superior Plus Announces 2009 Annual and Fourth Quarter Financial Results
FOURTH QUARTER HIGHLIGHTS (Thu, 18 Feb 2010 21:32:00 GMT)
MetLife Announces First Quarter 2010 Preferred Stock Dividend Actions, Subject to Final Confirmation
NEW YORK----MetLife, Inc. announced today that it has declared first quarter 2010 dividends of $0.2500000 per share on the company’s floating rate non-cumulative preferred stock, Series A , and $0.4062500 per share on the company’s 6.50% non-cumulative preferred stock, Series B , subject to the final confirmation that it has met the financial tests specified in the Series A and Series B ... (Thu, 18 Feb 2010 21:50:00 GMT)
Research and Markets: Credit Cards vs. Personal Loans - Latest Trends and Forecasts
DUBLIN----Research and Markets has announced the addition of the "Credit Cards vs. Personal Loans - Latest Trends and Forecasts" report to their offering. (Fri, 19 Feb 2010 02:00:00 GMT)
Zimbabwe : Finance People Must Play By Rules
allAfrica: African news and information for a global audience (Fri, 19 Feb 2010 12:48:06 GMT)
Newcastle Announces Fourth Quarter and Year End 2009 Results
NEW YORK----Newcastle Investment Corp. reported that for the quarter ended December 31, 2009, GAAP income was $16.5 million, or $0.31 per diluted share, compared to a GAAP loss of $51.48 per diluted share for the quarter ended December 31, 2008. (Fri, 19 Feb 2010 13:00:00 GMT)
Selling Out America to Wall Street
Project Censored's top 2010 story was "US Congress Sells Out to Wall Street," highlighting that since 2001, "eight of the most troubled firms have donated $64.2 million to congressional candidates, presidential candidates and the Republican and Democratic parties." (Fri, 19 Feb 2010 13:26:18 GMT)
RAIT Financial Trust Announces Fourth Quarter and Fiscal 2009 Financial Results
PHILADELPHIA----RAIT Financial Trust today announced results for the fourth quarter and year ended December 31, 2009. RAIT reported net income allocable to common shares for the three-month period ended December 31, 2009 of $15.6 million, or $0.24 total earnings per share - diluted based on 66.3 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common ... (Fri, 19 Feb 2010 13:30:00 GMT)
Telvent Announces Fourth Quarter and Fiscal Year 2009 Financial Results
ROCKVILLE, Md. -- Telvent GIT, S.A. , the IT company for a sustainable and secure world, today announced its unaudited consolidated financial results for the fourth quarter and fiscal year ended December 31, 2009. (Fri, 19 Feb 2010 14:23:55 GMT)
Credit Card Debt Relief Options Explained by TotalDebtRelief.net
CHICAGO, IL--(Marketwire - 02/19/10) - Consumers who are strapped with credit card debt needn't feel as if they are trapped, with nowhere to turn to for help. More credit card debt relief options and programs exist today than ever before. Credit card debt once was the bane of existence for many consumers who shopped till they dropped, or simply were the victims of job layoff and subsequently ... (Fri, 19 Feb 2010 15:55:00 GMT)
Credit Card Debt Relief Options Explained by TotalDebtRelief.net
An Abundance of Programs and Services Today Are Tailored to Help Consumers Eliminate Credit Card Debt (Fri, 19 Feb 2010 16:11:16 GMT)
FX Daily Planet: London Open
Click here for the full Note and disclosures. In the early Asia session, the Fed announced a 25bp hike in the discount rate. FF futures and S&P500 futures were sold off after the announcement. (Fri, 19 Feb 2010 22:12:08 GMT)
FX Daily Planet: New York Open
The impact of the surprise (at least as far as its timing was concerned) hike in the Fed’s discount rate continued to reverberate through financial markets in Asia and Europe. Asian stocks fell by 2% or so; European markets by less than half of ... (Fri, 19 Feb 2010 22:23:13 GMT)
IMF Completes Second and Third Review Under Stand-By Arrangement with Romania and Approves US$3.32 Billion Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the second and third reviews of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). The completion of the reviews enables the immediate disbursement of SDR 2.18 billion (about €2.45 billion or about US$3.32 billion), bringing total disbursements under the program to SDR 8 ... (Fri, 19 Feb 2010 22:43:06 GMT)
Making All The REIT Moves
In real estate, as in so much of life, one man's crisis is another man's buying opportunity. (Fri, 19 Feb 2010 23:26:00 GMT)
Making All The REIT Moves
In real estate, as in so much of life, one man's crisis is another man's buying opportunity. Such is the thinking that led to the rally in real estate investment trusts, or REITs, over the last year. (Fri, 19 Feb 2010 23:26:00 GMT)
Yorkshire Bank in position for the recovery
YORKSHIRE Bank owner National Australia Bank said business in the UK remains challenging despite some early signs of economic recovery. (19/02/2010 20:53:48) (Sat, 20 Feb 2010 06:14:04 GMT)
VA home loan guidelines include 100 percent financing
As the economy rebounds and more veterans think about a new home purchase, many will consider a home loan whose eligibility guidelines are determined by the U.S. Department of Veterans Affairs . (Mon, 22 Feb 2010 02:32:06 GMT)
Q&A with Synovus CEO Richard Anthony
Richard Anthony, chairman and chief executive officer of Synovus Financial Corp., has been grappling with loan losses and unprofitable quarters for nearly two years. (Mon, 22 Feb 2010 04:07:59 GMT)
Debts threaten to engulf Kuwait's investment industry, bankers warn
Most of Kuwait's multibillion- dollar investment company industry could be wiped out by debt repayments on the finance houses' leveraged investments made before the recession, senior international and local bankers have warned. (Mon, 22 Feb 2010 04:35:47 GMT)
Debts threaten to engulf Kuwait's investment industry, bankers warn
Most of Kuwait's multibillion- dollar investment company industry could be wiped out by debt repayments on the finance houses' leveraged investments made before the recession, senior international and local bankers have warned. (Mon, 22 Feb 2010 04:35:47 GMT)
Debts threaten to engulf Kuwait's investment industry, bankers warn
Most of Kuwait's multibillion- dollar investment company industry could be wiped out by debt repayments on the finance houses' leveraged investments made before the recession, senior international and local bankers have warned. (Mon, 22 Feb 2010 04:35:47 GMT)
Debts threaten to engulf Kuwait's investment industry, bankers warn
Most of Kuwait's multibillion- dollar investment company industry could be wiped out by debt repayments on the finance houses' leveraged investments made before the recession, senior international and local bankers have warned. (Mon, 22 Feb 2010 04:35:47 GMT)
The Banks' Debtors
Ebitimi Banigo, borrowed N15.17 billion from his bank, All States Trust Bank Plc, out of this sum he has only paid a paltry N10 million. Chief Samuel Adedoyin (Chairman) and Sola Adeoti (Managing Director/Chief Executive) of City Express Bank Plc jointly borrowed N5.13 billion from the bank. (Mon, 22 Feb 2010 12:08:05 GMT)
Indexes recover important technical levels; VIX in decline
The short week got off to a rollicking good start -- the Dow Jones Industrial Average surged nearly 170 points on Tuesday -- and the major market indexes spent the rest of the week padding those gains...( Read More ) (Mon, 22 Feb 2010 12:27:37 GMT)
Omega Announces Fourth Quarter 2009 Financial Results; Adjusted FFO of $1.47 Per Share for 2009
HUNT VALLEY, Md.----Omega Healthcare Investors, Inc. today announced its results of operations for the quarter and fiscal year ended December 31, 2009. The Company also reported Funds From Operations available to common stockholders for the three months ended December 31, 2009 of $24.9 million or $0.29 per common share. (Tue, 23 Feb 2010 05:15:00 GMT)
Find out if debt consolidation works for you
If you have a lot of debt, you're not alone. Today, more and more Americans are burdened with credit card and loan payments. So whether you are trying to improve your money management, having difficulty making ends meet, want to lower your monthly loan payments, or just can't seem to keep up with all of your credit card bills, you may be looking for a way to make debt repayment easier. Debt ... (Tue, 23 Feb 2010 08:55:18 GMT)
Bank policymakers in parliament
Bank of England Governor Mervyn King and fellow Monetary Policy Committee members Charles Bean, Spencer Dale, Kate Barker and David Miles took questions on the February Inflation Report from parliament's Treasury Committee on Tuesday. (Tue, 23 Feb 2010 10:39:00 GMT)
(AFX UK Focus) 2010-02-23 10:58 HIGHLIGHTS-Bank of England policymakers in parliament
LONDON, Feb 23 (Reuters) - Bank of England Governor Mervyn King and fellow Monetary Policy Committee members Charles Bean, Spencer Dale, Kate Barker and David Miles took questions on the February Inflation Report from parliament's Treasury Committee on Tuesday. Following are highlights from the session. (Tue, 23 Feb 2010 11:28:54 GMT)
GrafTech Reports Fourth Quarter and Year Ended 2009 Results
PARMA, Ohio----GrafTech International Ltd. today announced financial results for the fourth quarter and year ended December 31, 2009. (Tue, 23 Feb 2010 12:06:00 GMT)
WesternZagros Announces Fourth Quarter 2009 and Year End Results
CALGARY, ALBERTA--(Marketwire - Feb. 23, 2010) - N (Tue, 23 Feb 2010 12:49:33 GMT)
George Weston Limited Provides Preliminary Unaudited Financial Update for the 2009 Fourth Quarter and Fiscal Year ...
George Weston Limited and its subsidiaries today is providing a financial update for the fourth quarter of 2009 and the fiscal year ended December 31, 2009 based on management's review of preliminary unaudited results for these periods. (Tue, 23 Feb 2010 13:24:00 GMT)
(AFX UK Focus) 2010-02-23 14:34 UPDATE 2-Spain's Ordonez urges labour reform to bolster economy
By Paul Day (Tue, 23 Feb 2010 14:58:08 GMT)
Prosper.com Sees Debt Consolidation Hit All Time High
SAN FRANCISCO----Prosper, the world’s largest peer-to-peer lending marketplace with over $190 million in loans and 930,000 members, today released statistics for January 2010. Notable in January was the increase in personal loans for debt consolidation purposes. (Tue, 23 Feb 2010 19:11:00 GMT)
Papa John's Announces Fourth Quarter and Full-Year 2009 Earnings
LOUISVILLE, Ky.----Papa John’s International, Inc. : (Tue, 23 Feb 2010 22:03:00 GMT)
2010 will test Asia-Pacific policymakers
Standard & Poor's Ratings Services takes a closer look at sovereign credit worthiness. (Wed, 24 Feb 2010 07:37:21 GMT)
Hughes Communications Announces Fourth Quarter and Full Year 2009 Results
Hughes Communications, Inc. , the global leader in broadband satellite network solutions and services, today announced financial results for the fourth quarter and year ended December 31, 2009. (Wed, 24 Feb 2010 13:00:00 GMT)
Freddie Mac Releases Fourth Quarter and Full-Year 2009 Financial Results
- (Wed, 24 Feb 2010 13:10:00 GMT)
FEA trading halt concern
IF Launceston timber company Forest Enterprises Australia has failed to renegotiate its bank loans it would be devastating for the state, a financial commentator has said. (Wed, 24 Feb 2010 15:09:35 GMT)
Minnesota banks struggling to break free of bad loans
Talk to community bankers and the first thing they’ll want to be sure you know is that their doors are open and they’re lending. But they’ll also admit to suffering their worst collective headache in decades. (Wed, 24 Feb 2010 20:12:30 GMT)
First Financial Bancorp Completes Full Redemption of its Senior Preferred Stock in the Amount of $80 Million from U.S ...
First Financial Bancorp announced today that it has redeemed all of the $80 million of senior preferred shares issued to the U.S. Treasury in December 2008 under its  Capital Purchase Program , a component of the Troubled Asset Relief Program . (Wed, 24 Feb 2010 21:05:00 GMT)
Aegean Marine Petroleum Network Inc. Announces Record Fourth Quarter and Full Year 2009 Financial Results
Aegean Marine Petroleum Network Inc. , the Company, today announced financial and operating results for the fourth quarter and the year ended December 31, 2009. (Wed, 24 Feb 2010 21:30:00 GMT)
MasTec Reports Record Revenue and Net Income for 2009 and for the Fourth Quarter
MasTec, Inc. today announced record fourth quarter and 2009 revenue and net income. Â "We had an excellent fourth quarter and an excellent year despite a very difficult economy. Â We set new records in revenue and earnings while improving margins and increasing cash flow, all evidence of the benefits of our diversified business model," declared MasTec's CEO, Jose Mas. (Wed, 24 Feb 2010 22:50:00 GMT)
CDC Software Reports Record Fourth Quarter 2009 Non-GAAP Earnings Per Share of $0.40 Compared to $0.11 in the Fourth ...
SHANGHAI & ATLANTA----CDC Software Corporation , a global provider of enterprise software solutions and services, today announced financial results for the fourth quarter and year ended December 31, 2009. (Wed, 24 Feb 2010 23:41:00 GMT)
MasTec Reports Record Revenue and Net Income for 2009 and for the...
MTZ today announced record fourth quarter and 2009 revenue and net income. "We had an excellent fourth quarter and an excellent year despite a very difficult economy. We set new records in revenue... (Thu, 25 Feb 2010 02:50:30 GMT)
CREDIT AGRICOLE SA : Credit Agricole S.A. Good overall 2009 performance FY 2009 - Net income - Group share: 1,125 ...
PARIS--(Marketwire - February 25, 2010) - (Thu, 25 Feb 2010 06:48:42 GMT)
Calpine Corp. Reports Strong Fourth Quarter and Full Year 2009 Results, Exceeding Guidance
HOUSTON----Calpine Corporation today reported 2009 Adjusted EBITDA of $1,782 million, up $83 million, or 5%, over the prior year despite recessionary influences. Although 2009 commodity prices were lower than in 2008 and annual U.S. power demand was down nearly 4% year-over-year, our Commodity Margin of $2,562 million was relatively unchanged from 2008. (Thu, 25 Feb 2010 11:04:00 GMT)
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