Debt Settlement News
- City ponders new Bill Thursday, November 20, 2008 @ 1:21PMHalf Moon Bay is looking to Sacramento once again as city leaders plan a new effort toward legislative relief for the city’s $18 million Beachwood debt. This time, they aren’t expecting miracles: There’s no guarantee the city can get any aid given the context in the Capitol.
- Westaff Announces New Relationship With SIRVA, Inc. Thursday, November 20, 2008 @ 12:32PM WALNUT CREEK, Calif.----Westaff, Inc. , a leading provider of staffing services, announced today that it has established a staffing relationship with SIRVA, Inc. Under the terms of the agreement, Westaff will act as a single source provider by centralizing and managing SIRVA’s contingent staffing program.
- Ambac Rises After Canceling CDO Contracts at Discount (Update2) Thursday, November 20, 2008 @ 11:44AMNov. 20 (Bloomberg) -- Ambac Financial Group Inc. rose as much as 93 percent after the bond insurer freed itself of contracts protecting $3.5 billion in collateralized debt obligations, potentially boosting its bid for government help.
- Future funding cloudy for water companies Thursday, November 20, 2008 @ 11:34AMThu 20 Nov, 2008 17:13
- The Association of Settlement Companies Executive Board Member Wesley Young Discusses Debt-Settlement Standards at FTC ... Thursday, November 20, 2008 @ 11:33AM MADISON, Wis.----The Association of Settlement Companies , a non-profit organization that promotes fair business practices, consumer protection and high industry standards for the debt-settlement industry, served as a featured presenter at the Federal Trade Commission’s workshop examining the debt-settlement industry on Sept. 25, 2008, in Washington D.C.
- Future funding cloudy for water companies Thursday, November 20, 2008 @ 11:13AMThe impact of the credit crunch on the future funding of water companies will be in the spotlight when the firms reveal first half numbers next week.
- Reliance Communications: GSM blues Thursday, November 20, 2008 @ 11:01AMFor the third time this year, the Reliance Communications (RCom) stock closed below the Rs 200 mark on Wednesday. Since January 2008, the stock has come off by about 73 per cent compared to a fall of 57 per cent for the Sensex, a significant underperformance.
- Ambac Rises After Canceling CDO Contracts at Discount (Update1) Thursday, November 20, 2008 @ 9:51AMNov. 20 (Bloomberg) -- Ambac Financial Group Inc. rose as much as 35 percent in New York trading after the bond insurer freed itself of contracts protecting $3.5 billion in collateralized debt obligations.
- World Demand collapsing Thursday, November 20, 2008 @ 9:48AMWorld economic demand is now collapsing along with the yearlong credit collapse. Recent news is full of stories about how world economic demand fell off a cliff in October, 08. Every sector is being hit, from new cars to recycled cardboard.
- State: HRC’s ticket to debt forgiveness? Tuesday, November 18, 2008 @ 7:36PMIf Clinton becomes Obama’s secretary of state, she could wipe away her $7.6 million campaign debt.
- State: HRC’s ticket to debt forgiveness? Tuesday, November 18, 2008 @ 7:17PM If Hillary Rodham Clinton becomes Barack Obama’s secretary of state, she could wipe away her lingering $7.6 million presidential campaign debt.
- (AFX UK Focus) 2008-11-18 23:25 New Issue-Cellco Partnership sells $3.5 bln in two parts Tuesday, November 18, 2008 @ 5:53PMNov 18 (Reuters) - Cellco Partnership, a joint venture of Vodafone Group and Verizon Communications , doing business as Verizon Wireless, on Tuesday sold $3.5 billion of two-part debt in the 144a private placement market, reported IFR, a Thomson Reuters publication.
- (AFX UK Focus) 2008-11-18 23:26 New Issue-Westar Energy sells $300 mln 10-yr in debt Tuesday, November 18, 2008 @ 5:53PMNov 18 (Reuters) - Kansas electric utility Westar Energy Inc on Tuesday sold $300 million in 10-year first mortgage bonds, said market sources.
- (AFX UK Focus) 2008-11-18 23:50 New Issue-Noble Holding sells $250 mln in notes Tuesday, November 18, 2008 @ 5:52PMNov 18 (Reuters) - Noble Holding International Limited, a unit of Noble Corp., on Tuesday sold $250 million in 5-year senior notes, reported IFR, a Thomson Reuters publication.
- Transmile lenders may insist on cash Tuesday, November 18, 2008 @ 4:57PMPETALING JAYA: Lenders to Transmile Group Bhd are unlikely to settle for anything less than cash from the airfreight operator. “I don’t think they want to budge on that,” an analyst with a foreign brokerage said. “They will rather take a haircut than drag the issue of Transmile’s debt,” he said.
- After Bans, Tobacco Tries Direct Marketing Tuesday, November 18, 2008 @ 4:46PMFor decades, tobacco companies advertised on TV, radio, billboards and magazine pages. When the 1998 tobacco settlement put an end to that, they began targeting smokers online and in person. Now the industry spends twice as much on marketing as it did 10 years ago.
- Scotiabank to take $890 million hit in Q4 Tuesday, November 18, 2008 @ 4:43PMBank of Nova Scotia will face writedowns of $890 million, or $595 million after tax, in the fourth quarter thanks to extreme market volatility, the bank announced on Tuesday.
- Scotiabank provides information on fourth quarter writedowns of $595 million after tax Tuesday, November 18, 2008 @ 3:54PM Scotiabank today announced that its results for the fourth quarter ended October 31, 2008 will include charges of approximately $595 million after tax relating to certain trading activities and valuation adjustments.
- AG settles with debt elimination marketers Tuesday, November 18, 2008 @ 2:01PMThe economic crimes division of the Florida attorney general’s office has reached a settlement with two individuals and two companies formerly associated with a debt elimination scheme.
- LICT Corporation Announces Third Quarter Earnings Tuesday, November 18, 2008 @ 10:43AM RYE, N.Y.----LICT Corporation announced today its third quarter 2008 earnings results .
- Currency market growth may have slowed-BoE FX head Tuesday, November 18, 2008 @ 9:57AMBy Veronica Brown
- (AFX UK Focus) 2008-11-18 14:40 Fannie Mae, Freddie Mac bill sale calendar Tuesday, November 18, 2008 @ 9:06AMNov 18 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2008. Freddie Mac settlement dates for its bill sales will be available the day those offerings are announced.
- (AFX UK Focus) 2008-11-18 14:40 U.S. agency 2008 note sales calendar Tuesday, November 18, 2008 @ 9:05AMNov 18 (Reuters) - The following are the sales schedules for Fannie Mae benchmark notes and Freddie Mac reference notes in 2008.
- Taxes, water-sewer rates will increase in Sandy Township Tuesday, November 18, 2008 @ 8:40AMDuBOIS - Water and sewer rates are going up, along with property taxes, in Sandy Township next year. Township Manger Dick Castonguay presented the proposed 2009 budget Nov. 3.
- Former TX Holdings CEO Agrees to Return Shares of Common Stock and to Forgive Debt Contingent on the Closing of a ... Tuesday, November 18, 2008 @ 8:18AM ASHLAND, Ky.----The company is pleased to announce that the former CEO of TX Holdings, Inc. and wife Nicole have agreed, conditioned on the closing by February 9, 2009, of a proposed transaction with an unrelated party , to return 4.5 million common shares of TX Holdings and forgive $1,482,732.04 of debt.
- Corning Withdraws Fourth-Quarter and 2009 Guidance Tuesday, November 18, 2008 @ 7:30AM CORNING, N.Y.----Citing declining LCD glass demand, James B. Flaws, Corning Incorporated’s vice chairman and chief financial officer, will announce today that the company has withdrawn its previously disclosed financial guidance for the fourth quarter and 2009.
- The Bank of New York Mellon Launches Comprehensive Trade Finance Product Suite Tuesday, November 18, 2008 @ 7:15AM line Platform for End-to-End Management of Supply Chain Process
- Transmeta Corporation: Results for the third quarter Tuesday, November 18, 2008 @ 3:27AMDie untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
- 18-11-2008:- Slowdown raises rate cut expectation, futures show Tuesday, November 18, 2008 @ 12:03AMKUALA LUMPUR: Malaysia’s economic slowdown is prompting investors to bet Bank Negara Malaysia (BNM) will lower borrowing costs for the first time since 2003 by March as inflation cools, according to interest-rate futures contracts.
- CORRECTING and REPLACING National Coal Corp. Reports Third Quarter 2008 Results Monday, November 17, 2008 @ 5:05PM KNOXVILLE, Tenn.----Please replace the release with the following corrected version due to multiple revisions to the Condensed Consolidated Balance Sheets table.
- US stocks fall; Dow slips 223 pts Monday, November 17, 2008 @ 4:57PMNEW YORK: US stocks and oil prices fell on Monday after Japan became the latest major economy to slide into recession and Citigroup said it would cut 15% of its work force, the latest signs of a worldwide slowdown.
- (AFX UK Focus) 2008-11-17 22:32 New Issue-British Sky sells $600 mln notes Monday, November 17, 2008 @ 4:53PMNov 17 (Reuters) - British Sky Broadcasting Group Plc on Monday sold $600 million of 10-year notes in the 144a private placement market, said IFR, a Thomson Reuters publication.
- (AFX UK Focus) 2008-11-17 22:35 New Issue-Sempra Energy sells $750 mln in 2 parts Monday, November 17, 2008 @ 4:53PMNov 17 (Reuters) - Sempra Energy, an energy services holding company, on Monday sold $750 million in two-part senior notes, said IFR, a Thomson Reuters publication.
- The G20 summit ‘Only the starting point for financial reform’ Monday, November 17, 2008 @ 4:50PMThe meeting came against a backdrop of continued turmoil and increasing signs that the global economy is falling headlong into what many fear could be a deep and long recession, possibly the worst economic situation since the Depression of the 1930s.
- UN suspends food distribution in Gaza Monday, November 17, 2008 @ 4:49PMIsrael initially said it would allow 30 trucks to deliver supplies to Gaza on Thursday after it completely sealed off the Gaza Strip on November 5, but later said mortar fire by Gaza militants made it impossible to do so.
- Petro-Canada Postpones C$25.3 Billion Oil-Sands Mine (Update5) Monday, November 17, 2008 @ 4:21PMNov. 17 (Bloomberg) -- Petro-Canada , the country’s third- largest oil company, has delayed the C$25.3 billion ($20.6 billion) Fort Hills oil-sands mining project in Alberta because of rising costs and falling oil prices.
- Clearlake City Council reaches settlement Sunday, November 16, 2008 @ 8:54PMCLEARLAKE The Clearlake City Council provided authorization for the execution of an amended settlement agreement with Clearlake Housing Now during its Nov.
- Babcock & Brown sells wind farms Sunday, November 16, 2008 @ 5:32PM BABCOCK & Brown has sold wind farm assets held by B&B Wind Partners in Portugal for $2.23 billion.
- Business Sunday, November 16, 2008 @ 5:00PMBabcock & Brown (B&B) has sold wind farm assets held by B&B Wind Partners in Portugal for $2.23 billion. The assets were sold to a consortium of investors led by Magnum Capital.
- B&B to make $285m in wind asset sale Sunday, November 16, 2008 @ 4:57PMBabcock & Brown (B&B) has sold wind farm assets held by B&B Wind Partners in Portugal for $2.23 billion. The assets were sold to a consortium of investors led by Magnum Capi
- Column : Is the crisis over? Sunday, November 16, 2008 @ 3:07PMThe crisis, which started sometime in August 2007, has deepened rather than abetted. In September this year when Lehman Brothers went bankrupt, a fault line was crossed...
- The Pooneryn Victory Sunday, November 16, 2008 @ 1:32PMThe fall of Pooneryn a formidable bastion of the LTTE after 20 years can certainly be described as a prominent landmark in the Security Forces’ journey towards the total liberation of the North from the clutches of LTTE terrorism.
- 10 days that shook S.F. Sunday, November 16, 2008 @ 11:42AMFirst of Three Parts Thirty years ago, two unimaginable tragedies jolted San Francisco in less than a fortnight. On Nov. 18, 1978, more than 900 men, women and children - many of them poor African Americans from San Francisco - died after drinking a cyanide-...
- Krolicki: Revenue ignored Saturday, November 15, 2008 @ 10:33AMCARSON CITY -- Lt. Gov. Brian Krolicki said Friday the state blew a chance to gain $600 million when legislators did not consider his tobacco revenue plan during a special session in June.
- Treasury Two-Year Yields Touch Five-Year Low as Economy Worsens Saturday, November 15, 2008 @ 9:05AMNov. 15 (Bloomberg) -- Treasuries rose for a second straight week, with two-year note yields touching the lowest in five years, as economic growth worsened and Treasury Secretary Henry Paulson changed the terms of the financial-rescue plan.
- Yellowstone Club members revolt over bankruptcy Saturday, November 15, 2008 @ 9:00AMBILLINGS, Mont. -- Members of the Yellowstone Club for the ultrarich are opposing another loan to the financially troubled Montana resort and demanding to know what happened to $463 million in club dues and past loans.
- Murray ousts ailing Federer in Masters Saturday, November 15, 2008 @ 3:05AMDefending champion Roger Federer was eliminated from the Masters Cup in Shanghai yesterday with a 4-6, 7-6 (7-3), 7-5 loss to Andy Murray , one of those rare players with a winning record (4-2) against the Swiss star. Federer, a four-time winner of the season-ending tournament, appeared to be bothered by a sore back that forced him to withdraw during ...
- Separation Agreement For Roberts Completed Friday, November 14, 2008 @ 9:51PMThe former president of Oral Roberts University will get $447,200 in salary from the school, under terms of a separation agreement announced Friday.
- Access Plans USA, Inc. Announces Results for Third Quarter 2008: Revenue Up 16 Percent; Significant Reduction in ... Friday, November 14, 2008 @ 9:49PM IRVING, Texas, Nov. 14, 2008 -- Access Plans USA, Inc. , a developer and nationwide distributor of quality affordable consumer driven healthcare programs designed to deal with the rising costs of healthcare, reported its financial results for the quarter ended September 30, 2008.
- Rainmaker Reports Results for the Three and Nine Months Ended September 30, 2008 Friday, November 14, 2008 @ 6:58PM VANCOUVER, BRITISH COLUMBIA-- - Rainmaker Entertainment Inc. announces its results for the three and nine months ended September 30, 2008.
