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08-17-2004 Headlines for: Credit & Debt |  |
Negotiating Tips For Debt Settlement
From: credit.about.com
"Many Forum readers have had questions about debt negotiation and settlement. Regardless of my opinion on the subject, it is right to offer negotiation and settlement tips. Though the comments in this article are both pro and con settlement, the..."
Correcting Credit Files
From: credit.about.com
"CardRating offers: How to Correct Mixed or Split Credit Reports: "Credit reports contain errors on a regular basis. So, before applying for new credit or beginning your credit repair journey make sure that all of the information contained in your..."
Retail Credit Cards
From: credit.about.com
"CardRatings offers Consumer Tips- Retail Credit Cards and Department Store Credit Cards: "Many retail stores want to offer you a line of credit. But before you sign up to get 10% off your purchase and a free umbrella, you need..."
Secured Credit Card Tips
From: credit.about.com
"CardRatings offers Secured Credit Cards- Consumer Tips: "Whether you have no credit or damaged credit, secured credit cards are a good tool for building a good credit history." See also my article Credit Versus Debit Card ...."
Does Debt Counseling Affect Credit Ratings?
From: credit.about.com
"Notable resources, have come together to help answer the oft asked question, "What is the affect on my credit score if I use a credit counselor?" Does counseling affect your rating?..."
Moves on dumping
From: NewsTrove.com
"THE federal Government has put the telecommunications industry on notice over internet dumping, saying it will regulate to end the practice if the industry fails to act.
Almost two years after unveiling plans to crack down on dumping, sometimes known as modem-jacking, the Government suggested credit limits for phone accounts as a way of stopping it.
Dumping occurs when dial-up internet users are disconnected from their ISPs and reconnected to an expensive overseas phone number.
The technology is often used as a way of charging for adult content. Users not aware of the charges can end up with large monthly phone bills."
Costly mortgages provoke backlash from borrowers
From: NewsTrove.com
"That last mortgage, from Wells Fargo Financial, a division of Wells Fargo & Co., also came with more than $8,600 in closing costs -- and it placed the St. Paul couple in the middle of a growing backlash against a segment of the mortgage market that has become a mainstay of working-class America.
The Clines complained to the Minnesota Department of Commerce that the lender waited until closing to significantly increase the interest rate, citing new questions about their credit. They later turned around and refinanced with another lender -- at less than half the interest rate."
Inman.com News Story
From: NewsTrove.com
"The easy answer is there is no limit to the number of times or the frequency you can use IRC 1031 to pyramid your real estate wealth without paying capital gains taxes along the way.
Unlike Internal Revenue Code 121 for selling your principal residence and claiming up to $250,000 tax-free profits (up to $500,000 for a married couple), which can only be used every 24 months, IRC 1031 has no time frequency limitations.
Theoretically, you can buy an investment property shack, fix it up to increase its market value and make a tax-deferred IRC 1031 exchange for a larger run-down shack within a day."
Works.com News Story
From: NewsTrove.com
"Providing Customers with Revolutionary New Tools for Commercial Credit Card Programs
Austin, Texas, August 10, 2004 - Works, Inc., the leading provider of commercial credit card optimization solutions, today announced the formation of a strategic partnership with INTRUST Bank of Wichita, Kansas. In the relationship, Works will provide the Works Payment Manager technology and service suite to the bank's commercial purchasing card customers."
International Forecaster August, 2004 (#3) - Gold, Silver, Economy + More
From: NewsTrove.com
"Persons who want a job, have looked for a job, but are discouraged, were 504,000 in June, up 5.4%. Those who held multiple jobs were 7,521 million, up 2.2% for a rise of only 5.4% from June. Those with both full and part-time jobs were 1.711 million, up a huge 6.0% since June. The ECRI Weekly Leading Index has now been declining for the last six months. Typically, the index leads the economy by eight months. It is not yet signaling a recession, but the clear trend is down and bears repeated watching. Car sales are soft and home delinquency rates are close to record levels. Mortgage refinancing is down dramatically."
This is Bradford | News
From: NewsTrove.com
"My five-step guide to cutting debt
We are 1 trillion in debt. 1,004,290,000,000 to be exact - almost the same as the nation's Gross Domestic Product. The figure, revealed by the Bank of England, means an average of 16,955 is owed by every man, woman and child.
My overdraft is not that bad, although it's creeping up in that general direction. What amazes me is that however frugal you are, however much effort you put in towards economising, you never seem to get on top of things. Whatever you do to save money does not seem to make a scrap of difference.
Take my cost-cutting measures and the success I've had with them:
1."
Satellite pioneer $4.2bn buyout
From: NewsTrove.com
"By Bruce Meyerson in New York
August 17, 2004
INTELSAT Ltd, the pioneering satellite operator founded by a multinational government consortium, is being acquired by a group of investment funds for about $US3 billion ($4.2 billion) in cash, or $US18.75 per share.
The Bermuda-based company, created in 1964 through a partnership among 147 nations, said Monday it has signed a definitive agreement with Zeus Holdings Limited, an investment consortium formed by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira.
As part of the deal, Zeus also will be assuming about $US2 billion worth of debt from Intelsat."
Japan's Bonds Decline as Yields at Two-Month Low Cut Demand, Stocks Climb
From: NewsTrove.com
"Japan's Bonds Decline as Yields at Two-Month Low Sap Demand
Aug. 17 (Bloomberg) -- Japanese 10-year bonds fell for the first day in four as yields at the lowest in more than two months deterred investors from buying debt and as stocks gained.
Demand for debt's fixed payments dropped as Japanese equities rose after crude-oil prices fell from a record, assuaging concern consumer spending will slow.
The benchmark 1.9 percent bond due June 2014 fell 0.307 to 102.679 as of the 11:05 a.m. morning close at Japan Bond Trading Co. in Tokyo. Its yield rose 3.5 basis points, or 0.035 percentage point, to 1.585 percent."
Injured Workers Compensation Survey Results_Maryland
From: NewsTrove.com
"Maryland
Lumbermans' Alliance
Back Injury
I was hurt on Aug 06, 2001. I am a tractor trailer driver and picked up my load as usual and all loads are sealed so I cannot open the trailer door until the store manager at the first store breaks the seal. I delivered in Florida and the manager broke the seal and I tried to open the trailer door which was stuck, the manager tried and he could not open it so I try to pry it open with a piece of wood from a pallet with no luck."
Online Classifieds
From: NewsTrove.com
"BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF HIGGINSON, ARKANSAS, A RESOLUTION ENTITLED:
RESOLUTION AUTHORIZING THE MAYOR OF THE TOWN OF HIGGINSON TO CONDEMN PROPERTY IN ACCORDANCE WITH CITY ORDINANCE 97-06 PROVIDING AND/OR STRUCTURES CONSTITUTING A NUISANCE.
WHEREAS, THE TOWN OF HIGGINSON HEREBY RESOLVES, IT IS IN THE BEST INTEREST OF THE TOWN OF HIGGINSON AND ITS CITIZENS TO ENFORCE ORDINANCE 97-06."
Satellite pioneer $4.2bn buyout
From: NewsTrove.com
"By Bruce Meyerson in New York
August 17, 2004
INTELSAT Ltd, the pioneering satellite operator founded by a multinational government consortium, is being acquired by a group of investment funds for about $US3 billion ($4.2 billion) in cash, or $US18.75 per share.
The Bermuda-based company, created in 1964 through a partnership among 147 nations, said Monday it has signed a definitive agreement with Zeus Holdings Limited, an investment consortium formed by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira.
As part of the deal, Zeus also will be assuming about $US2 billion worth of debt from Intelsat."
Japan's Bonds Decline as Yields at Two-Month Low Cut Demand, Stocks Climb
From: NewsTrove.com
"Japan's Bonds Decline as Yields at Two-Month Low Sap Demand
Aug. 17 (Bloomberg) -- Japanese 10-year bonds fell for the first day in four as yields at the lowest in more than two months deterred investors from buying debt and as stocks gained.
Demand for debt's fixed payments dropped as Japanese equities rose after crude-oil prices fell from a record, assuaging concern consumer spending will slow.
The benchmark 1.9 percent bond due June 2014 fell 0.307 to 102.679 as of the 11:05 a.m. morning close at Japan Bond Trading Co. in Tokyo. Its yield rose 3.5 basis points, or 0.035 percentage point, to 1.585 percent."
Facing the arena's future
From: NewsTrove.com
"By Michael Roessler
Independent Tribune
CONCORD - It began as an effort to find a new home for the Cabarrus County Fair.
As fast-paced growth in neighboring Charlotte began to drive up the county's population in the 1990s, the former fairgrounds on Cabarrus Avenue just weren't big enough.
"You were never going to grow the fair anymore (at the old fairgrounds). It was pretty much blocked in," said N.C. Rep. Jeff Barnhart, who was on the County Commission when the land for the new fairgrounds and arena were purchased.
Six years and $25 million later, the Cabarrus Arena & Events Center on N.C."
LMI Aerospace Reports Results for the Second Quarter of 2004
From: NewsTrove.com
"Revenue gains and cost reductions yield return to profitability
ST. LOUIS, Aug. 16 /PRNewswire-FirstCall/ -- LMI Aerospace, Inc. LMIA, a leading provider of assemblies, kits and detail sheet metal and machined components to the aerospace, defense and technology industries, announced today that second quarter 2004 net sales were $21.9 million, an increase of 16.0 percent from the quarter ended June 30, 2003. LMI reported net income after restructuring costs of $0.1 million or $0.02 per diluted share for the quarter ended June 30, 2004, compared to a net loss of ($0.7)
million or ($0."
Factory 2-U Files for Chapter 11 Bankruptcy
From: NewsTrove.com
"SAN DIEGO -- Factory 2-U Stores Inc. has filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, citing a need to enhance its liquidity, reduce costs and focus on generating profitable growth.
The discount retailer, with headquarters on Ruffin Road, has not made a profit in three years, reporting a loss of $28.5 million for fiscal 2003. For the 39 weeks ended Nov. 1, the retailer reported a net loss of $11.1 million on sales of $349.9 million. Sales had dropped 8 percent compared to the year-earlier period, reflecting low inventory levels and a soft retail environment."
Bank of America Announces Hurricane Charley Relief Program - MedicalNewsService.com
From: NewsTrove.com
"TAMPA, Fla., Aug. 15 /PRNewswire/ -- Bank of America today announced a disaster relief program to help customers and associates affected by Hurricane Charley.
In addition, Bank of America announced that the Bank of America Foundation will donate $100,000 to the American Red Cross to assist relief efforts in more than two dozen counties affected by one of Florida's worst hurricanes.
"We are committed to assisting our neighbors in the communities that have undergone such tragedy as a result of Hurricane Charley," said Tim Laney, Bank of America Florida president."
Atos Origin team dives into games
From: NewsTrove.com
"WITH the Olympics well under way, French systems integrator Atos Origin's 3400-strong team of IT staff and helpdesk operators are pumping life into the massive computer network that is feeding scores and timing data to millions of sport fans.
It is the services giant's first summer games, after acquiring Sema Group from Schlumberger earlier this year.
Schlumberger picked up the games when long-time technology sponsor IBM pulled out after the Sydney Olympics."
HEADING FOR STAGNATION?
From: NewsTrove.com
"How many billions of dollars shareholders have lost, mainly among the middle class, is unaccountable. And the markets continue to roil with uncertainty.
Federal Reserve Chair Alan Greenspan told the Senate Banking Committee on July 20 that "July seems to be somewhat better even though we are going through a soft patch. . There is no real underlying evidence of any cumulative weakness here."
Since then the Wall Street prophets have contradicted Greenspan. The Aug. 6 Wall Street Journal worried, "The weak job numbers raised the prospect that recent economic weakness is more than just a soft spot as Mr."
Costly mortgages provoke backlash from borrowers
From: NewsTrove.com
"That last mortgage, from Wells Fargo Financial, a division of Wells Fargo & Co., also came with more than $8,600 in closing costs -- and it placed the St. Paul couple in the middle of a growing backlash against a segment of the mortgage market that has become a mainstay of working-class America.
The Clines complained to the Minnesota Department of Commerce that the lender waited until closing to significantly increase the interest rate, citing new questions about their credit. They later turned around and refinanced with another lender -- at less than half the interest rate."
Australian IT
From: NewsTrove.com
"It is the services giant's first summer games, after acquiring Sema Group from Schlumberger earlier this year.
Schlumberger picked up the games when long-time technology sponsor IBM pulled out after the Sydney Olympics.
Atos Origin managing consultant for security David Mackay said the company had 900 Windows and Unix servers, 10,500 workstations and 4000 printers running on a network stretching across 60 venues, incorporating 300 routers and 200 switches.
The company– like the athletes – has spent months preparing for the games, including live practice runs in the months leading up to competition."
Crompton Announces Completion of $945 Million Refinancing Program
From: biz.yahoo.com
"Biz.yahoo.com - Mon Aug 16, 11:27 pm GMT"
Indonesia Kaltim Prima Mulls Bank Loans To Refinance Debt
From: money.iwon.com
"Money.iwon.com - Mon Aug 16, 04:28 am GMT"
Fountain Walk leasing speeds up as refinancing talks start
From: www.crainsdetroit.com
"Crainsdetroit.com - Mon Aug 16, 01:03 am GMT"
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From: www.news4sites.com
"News4sites.com - Fri Aug 13, 05:44 pm GMT"
DENVER: Bond sale will help Qwest refinance $17 billion in debt
From: www.tribnet.com
"Tribnet.com - Fri Aug 13, 09:30 am GMT"
Dollar store owner Denninghouse files for bankruptcy protection
From: finance.canada.com
"Finance.canada.com - Mon Aug 16, 09:51 pm GMT"
Kaiser posts net income, postpones estimated emergence from bankruptcy
From: houston.bizjournals.com
"Houston.bizjournals.com - Mon Aug 16, 08:47 pm GMT"
Judge orders bankrupt Calif. hospital to shut down
From: www.modernhealthcare.com
"Modernhealthcare.com - Mon Aug 16, 08:12 pm GMT"
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From: www.news4sites.com
"News4sites.com - Mon Aug 16, 05:07 pm GMT"
Yukos warns of possible bankruptcy
From: article.wn.com
"Article.wn.com - Mon Aug 16, 12:52 pm GMT"
JP Morgan tops trustees rankings
From: www.nytimes.com
"Nytimes.com - Mon Aug 16, 10:09 pm GMT"
Goldman Sachs About To Receive China Brokerage License
From: www.investorsoffshore.com
"Investorsoffshore.com - Mon Aug 16, 08:52 pm GMT"
SLM Corp. Executive Vice President to Present at Lehman Brothers Conference
From: www.wave3.com
"Wave3.com - Mon Aug 16, 07:23 pm GMT"
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"News4sites.com - Mon Aug 16, 01:31 pm GMT"
Allianz: EUR104 Million Restructuring Costs For Dresdner In 2Q
From: money.iwon.com
"Money.iwon.com - Mon Aug 16, 09:33 am GMT"
JP Morgan tops trustees rankings
From: www.nytimes.com
"Nytimes.com - Mon Aug 16, 10:09 pm GMT"
Goldman Sachs About To Receive China Brokerage License
From: www.investorsoffshore.com
"Investorsoffshore.com - Mon Aug 16, 08:52 pm GMT"
SLM Corp. Executive Vice President to Present at Lehman Brothers Conference
From: www.wave3.com
"Wave3.com - Mon Aug 16, 07:23 pm GMT"
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From: www.news4sites.com
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Allianz: EUR104 Million Restructuring Costs For Dresdner In 2Q
From: money.iwon.com
"Money.iwon.com - Mon Aug 16, 09:33 am GMT"
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