Debt Settlement News
- Press Briefing by Press Secretary Jay Carney, 7/19/2011 Tuesday, July 19, 2011 @ 4:09PMRelease Time: For Immediate Release James S. Brady Press Briefing Room 1:39 P.M. EDT MR. CARNEY: Okay. Q Any announcements? MR. CARNEY: Hold on one second. (Laughter.) Q Are we going to hear from the President -- MR. CARNEY: I hope you enjoyed the warm-up act. That’s probably bad, right? I do have -- (laughter) -- I do have a -- Q How much do you value your job? (Laughter.) MR. CARNEY: I do ...
- Pulaski Financial Reports Improved Linked-Quarter Earnings Tuesday, July 19, 2011 @ 4:05PMPulaski Financial Corp. today reported net income for the quarter ended June 30, 2011 of $1.7 million, or $0.11 per diluted common share, compared with net income of $1.1 million, or $0.05 per diluted common share, for the quarter ended March 31, 2011 and net income of $3.2 million, or $0.25 per diluted common share, for the June 2010 quarter.
- IBM, Coca-Cola boost US stocks Tuesday, July 19, 2011 @ 4:02PMGeneral view of the New York Stock Exchange on July 11. US stocks surged after companies including IBM, Coca-Cola and Wells Fargo reported strong second-quarter profits and a ray of hope emerged from the ...
- Crown Holdings Reports Second Quarter 2011 Results Tuesday, July 19, 2011 @ 4:01PMCrown Holdings, Inc. today announced its financial results for the second quarter ended June 30, 2011.
- Stocks rebound on earnings, debt-limit proposal Tuesday, July 19, 2011 @ 3:59PMStrong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday.
- Wall Street posts best day since March Tuesday, July 19, 2011 @ 3:52PMNEW YORK (Reuters) - Stocks jumped about 1 percent on Tuesday on strong earnings from IBM and Coca-Cola, offsetting investor disappointment in results from big financial firms.
- Minnesota special session to end shutdown begins Tuesday, July 19, 2011 @ 3:47PMMINNEAPOLIS (Reuters) - The Minnesota legislature opened a special session on Tuesday afternoon to consider a budget compromise brokered by Democratic Governor Mark Dayton and Republican leaders to end a nearly three-week government shutdown.
- Stocks Close Sharply Higher On Variety Of Upbeat News Tuesday, July 19, 2011 @ 3:40PMStocks showed a substantial upward move over the course of the trading day on Tuesday, regaining some ground after trending lower in recent sessions. The markets benefited from upbeat news on a number of different fronts, including optimism about a potential resolution to the debt limit debate. The major averages closed firmly in positive territory, not far off their best levels of the day.
- Bank of America shares at two-year low below $10 Monday, July 18, 2011 @ 4:14PMshare: digg facebook twitter Most bank stocks fell Monday on fears about the effect of a potential U.S. government debt default. The latest settlement is already being challenged in court by one investor group and the New York attorney general is investigating how the deal was reached. Since the beginning of the year, the bank has agreed to pay $12.7 billion in settlements to multiple investors ...
- Debt worries drag down the stock market Monday, July 18, 2011 @ 4:09PMNot even a string of better earnings reports could stave off worries about debt on Monday.
- Poll: 71 Percent Disapprove of Republican Handling of Debt Ceiling Crisis Monday, July 18, 2011 @ 4:05PMAmericans show disapproval across the board for the way their elected officials seem to be handling the debt ceiling crisis in Washington, according to the most recent CBS News poll, but they show more disapproval with the way Republicans are approaching negotiations than they do with the methods of President Barack Obama or congressional Democrats. Still, most believe that the debt ceiling will ...
- Stocks, Oil Drop on Debt Concern; Gold in Longest Run Since 1980 Monday, July 18, 2011 @ 4:04PMStocks fell around the world, extending last week’s drop, and oil declined amid concern officials are no closer to solving the debt crises in Europe and the U.S. Gold extended its longest rally since 1980.
- Stanley Black & Decker Reports 2Q 2011 Results Monday, July 18, 2011 @ 3:57PMStanley Black & Decker (NYSE: SWK) today announced second quarter 2011 financial results.
- M.C. Hammer to Help with Business Mentorship Sunday, July 17, 2011 @ 9:49AM*M.C. Hammer seemingly got a new lease on life and is giving his time back to the community. He’s decided to take part in a new mentoring program for minority-led start-up businesses. As part of the New Media Entrepreneurship accelerator program in Silicon Valley, Hammer, whose real name is Stanley Burrell, will be advising seven [...]
- Jefferson County wants creditors to ax $1.3 billion in debt Sunday, July 17, 2011 @ 9:37AMJefferson County pushes for creditors to erase $1.3 billion in debt.
- Strike ends with 10% wage hike Sunday, July 17, 2011 @ 7:48AMNumsa has agreed to a settlement offer with steel and engineering sector employers, ending a strike which involved 170 000 workers.
- Clinton Backs Greek Economic Recovery Plan Sunday, July 17, 2011 @ 7:01AMAfter meeting with Greek FM Lambrinidis, Clinton acknowledged the reforms are strong medicine, but says US has total confidence in them
- Reps OK with recent legislative session Sunday, July 17, 2011 @ 3:53AMTwo legislators with the St. Tammany Parish delegation to the Louisiana Legislature told the East St. Tammany Parish Chamber last week that they were both satisfied with the legislative session that ended last month.
- Economists cautious on borrowing against tobacco fund Saturday, July 16, 2011 @ 7:18PMThe state budget deal brewing between Gov. Mark Dayton and Republican legislative leaders involves a lot of debt, including perhaps borrowing $700 million by tapping future tobacco settlement payments.
- Is Queen Latifah Using Character on ‘Single Ladies’ to Finally Come Out? Saturday, July 16, 2011 @ 1:34PM*Queen Latifah is one of the most powerful actresses in Hollywood, but she is also a businesswoman, jazz singer, and first and foremost, a rapper. She started out as a rapper using the moniker Queen Latifah and her feet are solid in the bedrock of the hip-hop world. She recently starred in a film produced by her [...]
- Bits: Lil Wayne a Master Bowler?; Rihanna New Facebook Queen Saturday, July 16, 2011 @ 12:34PM*The Bowling Hall of Fame might be inducting a new and quite unusual player, Lil Wayne. He joins an eclectic group of celebrities including Michael Jordan, Justin Bieber, Miley Cyrus, Lady Gaga, Kim Kardashian , Bill Murray and Jeff Bridges who have all been nominated for a spot in the hall. “Each of these 2011 [...]
- Phylicia Barnes’ Case Still Open, FBI Calls for All Online Activity Saturday, July 16, 2011 @ 11:35AM*People all over the country, especially her mother and friends in North Carolina , are still mourning the loss of a young woman who came to visit her half-sister for Christmas in Baltimore and never returned to her mother in North Carolina. She was obviously an integral part of her community and school when you [...]
- Obama Goes to the Public over Debt Ceiling Issue Saturday, July 16, 2011 @ 11:04AM*Racing the debt clock, Congress is working on dual tracks while President Barack Obama appeals to the public in hopes of influencing a deal that talks have failed to produce so far. “We have to ask everyone to play their part because we are all part of the same country,” Obama said Saturday, pushing a [...]
- Key dates in the phone hacking scandal Saturday, July 16, 2011 @ 9:06AMBy The Associated Press - November 2005: News of the World royal reporter Clive Goodman writes story saying Prince William has a knee injury. Buckingham Palace complaint prompts police inquiry.
- Feds: No charges and case closed in investigation of Burlington Telecom Friday, July 15, 2011 @ 5:27AMThere will be no criminal charges related to the handling of Burlington Telecom’s finances. Two weeks after state prosecutors declined to level criminal allegations against the municipal utility or its leadership, federal authorities Thursday reached the same conclusion.
- Govt completes P323-B bond swap Friday, July 15, 2011 @ 5:04AMThe government said on Friday it has completed a record P323.5 billion ($7.5 billion) domestic debt swap aimed at lengthening its debt maturity profile.
- Possible Sharpton Boycott over Associate’s Sexual Harassment & Battery Case Friday, July 15, 2011 @ 4:34AM*Tongues are wagging over the bombshell revelation this week that Tony Wafford, the West Coast Coordinator for the Rev. Al Sharpton’s National Action Network (NAN), has lost a sexual harassment and battery lawsuit that was filed last fall by his employee, Sharon Song Byrd. Song Byrd was a program administrator at the Palms Residential Center [...]
- Created with the support of Russia refused to southern Sudan from the embassy in Moscow: Israel Today Friday, July 15, 2011 @ 3:57AMSouthern Sudan after the official announcement of the formation of an independent state on its territory to open embassies in 21 countries, including in Israel. This was announced today, June 19, a source in the government of Southern Sudan.
- Crude Heads for First Weekly Decline in Three Weeks on U.S. Debt Concern Friday, July 15, 2011 @ 3:57AMOil slipped, heading for its first weekly decline in three weeks, as concern U.S. debt ratings may be downgraded outweighed prospects for economic expansion in the world’s biggest crude user.
- Metals Stocks: Gold extends gains into record territory Thursday, July 14, 2011 @ 1:12AMGold futures edge higher into fresh record territory, supported by a weaker dollar, as investors’ debt worries shift to the U.S.
- Ocean Power Technologies Announces Results for the Fiscal Fourth Quarter and Year Ended April 30, 2011 Thursday, July 14, 2011 @ 1:00AMOcean Power Technologies, Inc. today announced financial results for its fiscal fourth quarter and year ended April 30, 2011.
- Expert Networks, Insider Trading, Armor, News Corp: Compliance Thursday, July 14, 2011 @ 12:13AMU.S. investigators received permission in 2009 to wiretap 104 callers to two conference lines used by Primary Global Research LLC, a so-called expert networking firm, according to a court filing.
- Chrysler, Fiat to have single management Thursday, July 14, 2011 @ 12:13AMZurich — Sergio Marchionne says Chrysler Group LLC and Fiat SpA will have a single management team "pretty quickly."
- Wall Street Earnings: What to Expect Wednesday, July 13, 2011 @ 11:34PMWelcome to the new world of Wall Street -- where making money wont be so easy.
- Alaska News Nightly: July 13, 2011 Wednesday, July 13, 2011 @ 9:14PMGroups Accept Settlement over Endangered Species Suit, Alaska Congressional Delegation Split on ‘Doomsday Scenario’ of National Debt Default, Five Escape Sinking Fishing Vessel near Valdez, NPR-A and Sealaska Lands Bills Up for Vote in DC, and more...
- Commodities surge on potential for more stimulus Wednesday, July 13, 2011 @ 7:29PMshare: digg facebook twitter Commodity prices surged after Fed Chairman Ben Bernanke said the central bank is ready to approve additional stimulus measures if weak economic growth persists. Bernanke said the Fed would only take such actions if economic weakness persists and if the threat of deflation, or falling prices, emerges again. Other factors also influenced commodities, including robust ...
- Gold adds over $23 to end at a record above $1,585 Wednesday, July 13, 2011 @ 1:05PMSAN FRANCISCO (MarketWatch) -- Gold futures climbed $23.50 an ounce Wednesday to close at a record level, as global debt concerns and the potential for further U.S. stimulus lifted investment demand for the metal. Gold for August delivery rose 1.5% to finish at $1,585.50 an ounce on the Comex division of the New York Mercantile Exchange. Prices, which marked their highest nominal settlement ...
- Settlements, lower trading to hurt 2Q bank earns Wednesday, July 13, 2011 @ 1:00PMThe largest U.S. banks -- from JPMorgan Chase to Bank of America -- have been busy settling lawsuits with investors in the second quarter, casting a pall over their upcoming financial results
- WaMu Faces Hundreds of Objections as Hearing Starts on Bankruptcy Exit Wednesday, July 13, 2011 @ 12:43PMDuring a three-day hearing, shareholders will try to show that WaMu’s reorganization plan is tainted by the hedge funds’ alleged use of confidential information to trade in the bank holding company’s debt.
- Debt swap meets strong demand Wednesday, July 13, 2011 @ 11:50AMINVESTORS yesterday submitted more than P300 billion worth of bids for new bonds maturing in 2022 and 2031 in a debt swap designed to stretch maturities to make the country’s obligations more manageable, an arranger said at the end of the offer on Wednesday.
- Is MBIA the Perfect Stock? Wednesday, July 13, 2011 @ 11:50AMFinding companies that have all the right stuff can produce winners.
- JPMorgan, Citigroup Revenue Struggle Draws Analysts’ Focus Wednesday, July 13, 2011 @ 11:18AMJPMorgan Chase & Co. and Citigroup Inc., which report earnings this week, are under pressure to show that banks can increase revenue as the U.S. economic recovery sputters.
- Student Loans Company sent my file to debt collectors Wednesday, July 13, 2011 @ 11:05AMI thought I had cleared my loan – so why has the Student Loans Company sent debt collectors to chase me for £3,000? I paid £2,000 to my student loan in May 2000. They told me it was the final settlement figure but then said I owed more. I phoned and they said their records showed I had agreed to pay a further £2,100 in July but then admitted I was correct. I heard nothing more and moved house in ...
- Wed: Volatile day ends with indices off Wednesday, July 13, 2011 @ 10:09AMThe main indices closed slightly down, with Discount Investment, Delek Group and Partner the most notable decliners
- Oil slides on eurozone debt fears Monday, July 11, 2011 @ 3:42PMOil fell to the lowest level in a week in New York as concern that the European debt crisis will spread to Italy caused the euro to tumble against the dollar and a report showed Chinese imports slumped.
- Federated Lowered to Underperform Monday, July 11, 2011 @ 2:40PMWe have downgraded our recommendation on Federated Investors Inc. to Underperform from Neutral based on expected downward pressure on assets under management , flows and margins.
- WisdomTree Stuffing New Ideas Into ETF Pipeline Monday, July 11, 2011 @ 11:07AMMichael Johnston submits: The past few weeks have been a relatively slow stretch for the ETF industry, at least in terms of product development. Since EGShares rolled out a suite of sector-specific emerging markets ETFs on June 23, only two new products have hit the market: the S&P 500 Crude Oil Linked ETN (NYSEArca: BARL - News ) from Morgan Stanley and the ISE Cloud Computing Index Fund ...
- Oil Drops to One-Week Low in New York on Italian Debt, China Import Slump Monday, July 11, 2011 @ 10:44AMOil fell to the lowest level in a week in New York as concern that the European debt crisis will spread to Italy caused the euro to tumble against the dollar and after Chinese imports slumped.
- Euro Tumbles to 7-Week Low Before European Debt Discussions Monday, July 11, 2011 @ 10:34AMThe euro tumbled to a seven-week low against the dollar and slid versus the yen as rising Italian bond yields stoked concern Europe’s sovereign-debt crisis in deepening.
- EU-Latin Mercosur Market Bloc Trade Talks End Monday, July 11, 2011 @ 5:14AMMONTEVIDEO: The European Union (EU) and Latin Mercosur bloc concluded over the weekend in Brussels, Belgium the sixth round of negotiations for a cooperation and trade agreement without any formal exchange of proposals but with the commitment to continue discussions.
