Debt Assistance News
- Deadline set for Miramax bids Tuesday, March 9, 2010 @ 10:10PMOne day after March 19 was set as the deadline for binding offers for MGM, the same date has emerged as a deadline in the latest round of bidding for Miramax. Disney hopes to select a winning bidder from offers received by that date and close on a sale of the one-time indie highflyer within 30 days of the deadline.
- Wednesday March 10 2010 Tuesday, March 9, 2010 @ 9:59PMATHENS, March 10 — Greece, pressing for curbs on financial speculation it blames for worsening the country’s debt crisis, said yesterday the idea would be examined by the Group of 20 leading powers at their next summit.
- Milledgeville Trustees Discuss Financial Shortfall from the State of Illinois Tuesday, March 9, 2010 @ 8:01PMBefore the regular meeting of the Village of Milledgeville, a Special Meeting was held at 6:30 p.m. at the Village Hall to discuss a report from a municipal magazine that stated villages and cities would receive less tax revenue in 2010 compared to previous years.
- Greece says G20 to review financial speculation Tuesday, March 9, 2010 @ 7:01PMATHENS, March 10 — Greece, pressing for curbs on financial speculation it blames for worsening the country’s debt crisis, said yesterday the idea would be examined by the Group of 20 leading powers at their next summit. Greek Prime Minister George Papandreou told reporters after meeting with President Barack Obama that the US leader had been encouraging on Athens’ effort to restrict speculators ...
- Greek PM enters talks with Obama Tuesday, March 9, 2010 @ 6:49PMGreek Prime Minister George Papandreou is to meet with US President Barack Obama at the White House.
- Letters to the editor: March 10, 2010 Tuesday, March 9, 2010 @ 6:07PMHere are letters to the editor from Daily News editions of March 10, 2010:‘Like the Shrine of Lourdes’Editor, Daily News:Overwhelming is the only word for it.Every morning outside of my little green store (photo at left), the Lady from Haiti, on Park Street off Fifth Avenue South in Naples, it looks like the Shrine of Lourdes — where miracles have occurred and crutches are left behind!And on the ...
- U.A.E. Says It Stands by Dubai, Companies Haven’t Sought Help Tuesday, March 9, 2010 @ 5:00AMMarch 9 (Bloomberg) -- Dubai’s state-owned companies haven’t sought help from the United Arab Emirates’ federal government, which will stand by the troubled emirate, the UAE’s finance minister said.
- U.K. Banks Face Cuts as Aid Withdrawn, Moody’s Says (Update1) Tuesday, March 9, 2010 @ 4:35AMMarch 9 (Bloomberg) -- British banks and lenders that haven’t improved their funding position may have their financial-strength ratings cut as government support for the industry is withdrawn, according to Moody’s Investors Service.
- A2 League of Women Voters hosts meeting on proposals for future of library parking lot Tuesday, March 9, 2010 @ 4:22AMThe Ann Arbor League of Women Voters hosted a community meeting Feb. 24 featuring presentations of five proposals for the fate of 319. S. Fifth Ave., where an underground parking structure is being constructed.
- Private schools: Fending off an exodus of students Tuesday, March 9, 2010 @ 4:04AMEven as public schools are reeling from state budget cuts, private and parochial schools in the Las Vegas Valley are confronting their own financial struggles, with recession-slammed parents struggling to make tuition payments. One high school will close its doors for want of students, and other schools are holding on to their families by offering financial aid, or by recruiting students from ...
- Greece to Press U.S. to Crack Down on ‘Speculators’ (Update1) Tuesday, March 9, 2010 @ 3:21AMGreek Prime Minister George Papandreou will press President Barack Obama to help Europe combat “unprincipled speculators,” who he said have roiled markets and threaten a new global financial crisis.
- AIG makes another sale to help pay government debt Monday, March 8, 2010 @ 12:47PMAmerican International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid.
- EU, ECB lock horns over IMF-style rescue fund Monday, March 8, 2010 @ 12:34PMEuropean policymakers came out in support of a rescue fund that would mark a new phase of economic cooperation within the 16-nation euro zone, setting them on a potential collision course with its central bank.
- Consumer Complaints Up Nearly 20 Percent Monday, March 8, 2010 @ 12:31PMHealth care, telemarketing fraud, and Do Not Call are just a few complaints the attorney general received this year.
- Zamage Digital Art (ZMGD) Recapitalization Merger Update Monday, March 8, 2010 @ 12:28PMZamage Digital Art Imaging, Inc. as the company prepares for multiple mergers with new viable private businesses and as the merger negotiations continue, the company has recapitalized its Authorized Share Structure to 4,880 million shares.
- MetLife’s $16 Billion Surge in Corporate Debt Bolstered AIG Bid Monday, March 8, 2010 @ 12:21PMMarch 8 (Bloomberg) -- MetLife Inc. , the insurer that increased its bid to acquire a unit from American International Group Inc., was bolstered by more than $16 billion of gains in its corporate bond portfolio in the last nine months of 2009.
- Forgiven debt resurfaces at tax time Monday, March 8, 2010 @ 12:20PMThe IRS is one creditor you cannot ignore. If you receive a 1099-C in the mail for forgiven debt, you have to declare it as income.
- Bain Seeks 177% Return in IPO of Sensata After Losses (Update1) Monday, March 8, 2010 @ 12:18PMBain Capital LLC is selling Sensata Technologies Holding NV in a $632 million initial public offering that may almost triple the value of its investment in a company that has lost money every year since being acquired.
- AIG sells Alico unit to MetLife for $15.5 billion Monday, March 8, 2010 @ 12:11PMAIG will second another overseas life and health insurance unit as it continues to try and repay goivernment aid.
- European Stocks Little Changed; Metro Gains, AstraZeneca Drops Monday, March 8, 2010 @ 5:36AMMarch 8 (Bloomberg) -- European stocks were little changed after the biggest weekly gain since July as a rally by retailers offset a decline among health-care companies. Asian shares rose.
- Senate steps in to extend unemployment benefits Monday, March 8, 2010 @ 5:32AMAfter heated arguments in the nation’s capitol, unemployed residents in Michigan breathed a sigh of relief late Tuesday night as unemployment benefits were extended for another 30 days.
- European Stocks Little Changed; Metro Gains, AstraZeneca Drops Monday, March 8, 2010 @ 5:31AMMarch 8 (Bloomberg) -- European stocks were little changed after the biggest weekly gain since July as a rally by retailers offset a decline among health-care shares. Asian equities rose.
- China to Nullify Loan Guarantees by Local Governments (Update2) Monday, March 8, 2010 @ 5:31AMMarch 8 (Bloomberg) -- China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about credit risks on such debt increases.
- House vote imminent on Rep. Maxine Waters’ bill to cancel Haiti’s debt Monday, March 8, 2010 @ 5:20AM“Haiti faces enormous challenges now, and the burden of paying off foreign debt would prevent the nation from taking necessary steps to help its people at this perilous time. I introduced H.R. 4573 so that Haiti can use its limited resources to make both immediate and long-term investments in essential humanitarian relief, reconstruction and development efforts,” said Congresswoman Maxine Waters.
- Yen, Dollar Drop on Signs Greece May Receive European Support Monday, March 8, 2010 @ 5:20AMMarch 8 (Bloomberg) -- The yen and the dollar fell against higher-yielding currencies on speculation that wealthier European nations would rescue Greece financially if needed, reducing the perceived risk of debt defaults throughout Europe.
- Emerging-Market Stocks, Commodities Rise on Greece, Dubai Plans Monday, March 8, 2010 @ 5:14AMMarch 8 (Bloomberg) -- Emerging-market stocks rose to a six-week high, currencies of commodity-producing nations strengthened and oil and metals advanced as Greece and Dubai moved closer to resolving their debt woes.
- India’s ONGC May Borrow $10 Billion to Buy Assets (Update2) Monday, March 8, 2010 @ 5:04AMOil & Natural Gas Corp., India’s biggest energy explorer, may borrow $10 billion over the next decade as it competes with rivals from China and South Korea to buy oil assets overseas to meet domestic fuel demand.
- World › Sarkozy: Tighten euro zone economic coordination Saturday, March 6, 2010 @ 4:26PMFellow euro-zone countries cannot abandon debt-ridden Greece because doing so would defeat the purpose of the common currency project, French President Nicolas Sarkozy said Saturday,…
- Volcker Says Euro to Survive as Greek Budget Crisis Manageable Saturday, March 6, 2010 @ 2:50PMFormer Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive.
- Scammers stay busy in early 2010 Saturday, March 6, 2010 @ 2:49PMIt’s seemingly in your e-mail inbox everyday. Another too good to be true offer for a product, service or job.
- French President Nicola Sarkozy: Tighten euro zone economic coordination Saturday, March 6, 2010 @ 2:41PMFellow euro-zone countries cannot abandon debt-ridden Greece because doing so would defeat the purpose of the common currency...
- Body Found Inside Burnt Car Saturday, March 6, 2010 @ 2:07PMA body has been found inside a burning car in Charleston.
- March 10 seminar in Madison to teach how to become debt-free Saturday, March 6, 2010 @ 1:02PMMADISON – “How to Become Debt-Free With the Money You Already Make,” a program billed as “a comprehensive, one-evening seminar that will show participants how to get completely out of debt, operate 100 percent on cash, and build retirement wealth, all with the money they have been wasting on debt payments,” will be held from 6:30 to 9:30 p.m. Wednesday, March 10, at Madison High School, 170 ...
- Volcker Criticizes Greek Budget Derivatives ‘Abuse’ (Update1) Saturday, March 6, 2010 @ 12:35PMWhite House adviser Paul Volcker said the “abuse” of derivatives to hide the size of Greece’s budget deficit highlights the need for regulation and European Central Bank President Jean-Claude Trichet said derivatives still pose risks to financial stability.
- Public Tenders Drained Bulgaria State Railroads of BGN 127 M Friday, March 5, 2010 @ 7:20AMThe probe of the Transport Ministry had discovered serious violations committed at the Bulgarian State Railroad Company, BDZ, between 2007 and September 2009.
- Greek Protests Mount as Parliament Passes Budget Cuts (Update2) Friday, March 5, 2010 @ 7:20AMStriking Greek workers shut down transport and tried to storm parliament as lawmakers passed 4.8 billion euros ($6.5 billion) in budget cuts, including wage reductions, needed to trim the region’s biggest budget deficit.
- Public Tenders Drained Bulgaria State Railroads of BGN 127 M Friday, March 5, 2010 @ 7:20AMThe Bulgarian State Railroad Company, BDZ, is facing a BGN 700 M debt. File Photo
- Germany rules out immediate aid for Greece Friday, March 5, 2010 @ 7:14AMLUXEMBOURG (Reuters) - Germany and the chairman of the group of countries using the euro ruled out immediate financial aid for Greece before talks on Friday with Prime Minister George Papandreou.
- Level 3 Expands Operations in Northern California Friday, March 5, 2010 @ 7:00AMSAN FRANCISCO----Level 3 Communications, Inc. today announced that it has expanded its operations and is enhancing its local presence in Northern California, which includes San Francisco, San Jose, Oakland and Sacramento.
- Papandreou and Merkel meet today over Greek debt Friday, March 5, 2010 @ 6:59AMGreek-German relations are not blossoming after two German politicians suggested Greece could sell off the Acropolis and other ancient artifacts to help pay its debt. Photograph: Louisa Gouliamaki/AFP...
- Kenyan Firms Win UN Carbon Funds Friday, March 5, 2010 @ 6:58AMTwo Kenyan firms have won grants from a new UN-backed facility that aims to boost the African carbon market through environmentally friendly projects.
- Germany rules out immediate aid for Greece Friday, March 5, 2010 @ 6:56AMBy Michele Sinner and Marcin Grajewski
- Nikkei 225 Posts Biggest Weekly Gain This Year on Yen, BOJ Hope Friday, March 5, 2010 @ 12:50AMJapanese stocks rose, sending the Nikkei 225 Stock Average to its biggest weekly gain this year, as the yen weakened on speculation the central bank will further ease monetary policies.
- Stocks Climb, Yen Drops, Default Costs Ease on U.S. Jobs, Japan Thursday, March 4, 2010 @ 11:56PMAsia stocks advanced, heading for their second weekly gain, and the yen dropped as U.S. jobless claims fell, Greece debt concerns diminished and speculation grew the Bank of Japan will take further steps to ease credit.
- The grecian earn Thursday, March 4, 2010 @ 11:51PMIn an extraordinary show of support, investors hurled four times as much cash at Greece as it sought to borrow yesterday to mend its debt crisis. But the reprieve was brief, with angry demonstrators taking to the streets again and seizing the Finance Ministry building in rowdy, window-smashing marches protesting...
- Citi CEO thanks U.S. for bailout Thursday, March 4, 2010 @ 11:43PMWASHINGTON — Citigroup Inc. Chief Executive Officer Vikrim Pandit on Thursday publicly thanked U.S. taxpayers for the $45 billion bailout that saved the company during the financial crisis in 2008, as a congressional watchdog panel examined the firm’s finances and the government’s continued ownership stake.
- HSBC Sells Kangaroo Bonds as Default Risk Drops: Credit Markets Thursday, March 4, 2010 @ 11:35PMHSBC Holdings Plc raised A$1.5 billion ($1.35 billion) in its first sale of Kangaroo notes as Asia-Pacific bond risk fell to a five-week low on bets Greece’s budget deficit won’t spark a wider debt crisis.
- Canada Freezes Spending to Be First in G-7 to Erase Deficit Thursday, March 4, 2010 @ 11:28PMMarch 5 (Bloomberg) -- Canadian Prime Minister Stephen Harper ’s five-year plan to cut defense spending, foreign aid and government operations won’t be rejected by opposition lawmakers, putting the country on course to be the first in the Group of Seven to erase its deficit.
- Canada’s Harper Targets Defense to Eliminate Deficit (Update1) Thursday, March 4, 2010 @ 5:58PMMarch 4 (Bloomberg) -- Canada’s Prime Minister Stephen Harper announced a five-year spending plan with cuts to defense, international aid and government operations in a bid to be the first Group of Seven country to erase its deficit after the global financial crisis.
- CDRC gives LCL 6 months to complete debt revamp Thursday, March 4, 2010 @ 5:50PMPETALING JAYA: LCL Corp Bhd, a PN17-status company, has submitted an application to Corporate Debt Restructuring Committee (CDRC) for assistance to mediate between LCL and its financial creditors.
