Debt Management
Debt Management News and Debt Management Information.

IAC profit falls, shows growth in Web media units - Guardian Unlimited
NEW YORK, April 30 (Reuters) - IAC/InterActiveCorp said on Wednesday its quarterly profit fell, but posted promising growth for the Web advertising and media businesses that it will keep after spinning off four major units. Shares in IAC rose more

Valence Technology Announces Operational Management Change - Forbes
Valence Technology, Inc. (NASDAQ: VLNC) today announced that Tom Gaither, General Manager, Valence Energy Technology China, has assumed responsibilities for all Worldwide Operations following the departure of Ricky Hanna, Vice President of Worldwide

Compensation for wrongly jailed approved - Miami Herald
Florida lawmakers, who once kept two men wrongfully sent to Death Row waiting 22 years for compensation, voted Tuesday to make the process automatic. The measure, which passed the House unanimously Tuesday and went to the governor, would give

UPDATE 1-Fitch unveils CDO overhaul, sees many affirmations - Reuters
LONDON, April 30 (Reuters) - Fitch Ratings unveiled a new methodology on Wednesday for rating corporate collateralised debt obligations, which it said would lead to affirmations of many ratings and downgrades of some others by several notches. In

UPDATE 2-Centro Properties gets 7-day loan extension - Reuters
SYDNEY, April 30 (Reuters) - Centro Properties Group (CNP.AX: Quote , Profile , Research ), one of Australia’s highest-profile casualties of the global credit crunch, said on Wednesday it has won a seven day extension to a refinancing deadline for A

MedAssets agrees to buy Accuro Healthcare - Reuters
NEW YORK (Reuters) - MedAssets Inc (MDAS.O: Quote , Profile , Research ), a provider of cost management services to healthcare companies, said on Tuesday it agreed to buy Accuro Healthcare Solutions Inc for a total of $350 million, including $100

Petrobras May Quadruple Bond Sales to Fund Tupi, Carioca Plans - Bloomberg
April 30 (Bloomberg) — Petroleo Brasileiro SA , Brazil’s state-controlled oil company, may quadruple bond sales to help fund development of the Western Hemisphere’s biggest petroleum discovery since 1976. “We want to become a more frequent issuer

ResCap sends GMAC into red ink - Minneapolis Star Tribune
GMAC’s first-quarter losses illustrate how tightly the company is being choked by its Bloomington-based mortgage lending unit, Residential Capital. That the broader economy is faltering adds to its woes. ResCap reported net losses of $859 million

National Housing Counseling Association Hosts First Industry Advisory - Forbes
The National Housing Counseling Association (NHCA) announced today the results of its first Industry Advisory Council meeting. The purpose of the meeting was to kickoff the association’s reverse mortgage initiatives and discuss pressing industry

UPDATE 1-Ace Ltd posts 46 percent drop in 1st-quarter net - Reuters
NEW YORK, April 29 (Reuters) - Ace Ltd (ACE.N: Quote , Profile , Research ), the largest Bermuda insurance company, said on Tuesday net income fell 46 percent in the first quarter, but operating earnings beat Wall Street expectations. Ace, which

Generation Resources files bankruptcy - Kansas City Business Journal
The Leawood-based wind-energy project developer filed to rid itself of as much dischargeable debt as possible as the company has little in the way of personal property but owes nearly $6 million to creditors holding unsecured nonpriority claims

Canoga Park man sentenced in tax evasion scheme - Los Angeles Daily News
A Canoga Park man was sentenced to five years in federal prison on a tax evasion conviction. Dante Marco Fala admitted that he owned and operated Harrison Asset Management, Inc., Money Asset Management, Inc., and Cash Asset Management, Inc., asset

Lehman Plans EU1.1 Billion CLO to Cut Buyout Loans (Update1) - Bloomberg
April 29 (Bloomberg) — Lehman Brothers Holdings Inc. is seeking investors for a collateralized loan obligation that would buy 1.1 billion euros ($1.72 billion) of high-yield debt from the securities firm, said two people with knowledge of the deal

Fitch Affirms Adventist Health’s (CA) Bonds; Outlook Stable - Forbes
Fitch has affirmed its underlying ‘A’ rating on the approximately $813.4 million in outstanding revenue bonds issued on behalf of Adventist Health System/West (AHS). The Rating Outlook is Stable. AHS plans to convert its approximately $115 million

CGI Expands Q2 2008 Net Earnings by 10% with Growth in Revenue and - Forbes
MONTREAL, April 29 /PRNewswire-FirstCall/ - CGI Group Inc. (TSX: GIB.A; NYSE: GIB) reported fiscal 2008 second quarter revenue of $949.1 million. This represents 5.3% year-over-year revenue growth on a constant currency basis. Relative to the same

Top Five All-Around Value Stocks - Street.Com
Each business day, TheStreet.com Ratings compiles a list of the top five stocks in five categories — fast-growth, all-around value, large-cap, mid-cap and small-cap — and publishes these lists in the Ratings section of our Web site. This list is

New Credit Card Debt Consolidation Service - PR.com
A new credit card debt consolidation matching service is now offering no obligation credit card debt quotes online. Debt management companies will compete for the consumers business just like the insurance and mortgage industry have been doing for

Pandit’s `Closer to End’ Means No Escaping LBO Loans (Update2) - Bloomberg
April 29 (Bloomberg) — If the credit crunch really is close to ending, as Citigroup Inc. Chief Executive Officer Vikram Pandit says, then why is he offering below-market terms to rid the bank of some of its $26 billion in leveraged buyout loans

India Unexpectedly Orders Banks to Keep More Reserves (Update4) - Bloomberg
April 29 (Bloomberg) — India’s central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation . The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8

GreenPath Counselors Advise Diligence in Tax Rebate Spending - Forbes
FARMINGTON HILLS, Mich., April 25 /PRNewswire-USNewswire/ — As Money Smart week in Michigan comes to a close, and National Financial Literacy month begins to wind down, counselors at GreenPath Debt Solutions advise consumers to exercise good money

Olympus Partners Invests in Neptune Finance STAMFORD — Olympus - dBusinessNews.com
Bringing the indoors out DirectBuy of Central Connecticut offers tips on setting up the perfect outdoor kitchen . An outdoor kitchen used to mean roughing it over an CBRE Realty Finance, Inc. and Arbor Realty Trust, Inc. Reach

New Credit Card Debt Consolidation Service - PR Inside
2008-04-25 23:33:29 - A new credit card debt consolidation matching service is now offering no obligation credit card debt quotes online. Debt management companies will compete for the consumers business just like the insurance and mortgage industry

Restaurants feel sting of surging costs, debt - 22 WSBT
Story Updated: Apr 27, 2008 at 9:45 PM EDT When you serve 1.1 million eggs a week, even a tiny price increase can pinch. So when egg prices tripled for casual-dining restaurant chains Bakers Square and the Village Inn over the past two years, the

Australia’s Centro says seeking bids for 25 malls - Reuters
SYDNEY, April 28 (Reuters) - Australia’s debt-laden Centro Properties Group (CNP.AX: Quote , Profile , Research ) said it is seeking bids for 25 of its shopping centres, but hopes to retain at least 50 percent ownership in them to retain management

Debt collectors are turning to India to get the job done - Herald Tribune
GURGAON, India In a glass tower on the outskirts of Delhi, dozens of young Indians are on the telephone, calling America’s out of work, forgetful and debt-stricken, and asking for cash. “Are you sure that’s all you can afford?” one operator in a

Kara McGuire: Triple trepidation - Minneapolis Star Tribune
Joe Pitzl is a certified financial planner with GEN Financial Management Inc. in Plymouth who has agreed to help Ka-Ching analyze the financial situations of selected readers at no cost. Pitzl, 26, graduated in 2003 from the University of Wisconsin

Vincent Tchenguiz joins battle for Trillium - Times Online
A HIGH-POWERED consortium has entered the bidding for Trillium, setting the scene for an intriguing 2 billion takeover battle for the property outsourcing business owned by Land Securities. The property tycoon Vincent Tchenguiz has teamed up with

Eddy Groves admits ABC disclosure lax - The Australian
ABC Learning Centres boss Eddy Groves says the company lost focus on its local operations while chasing growth in the United States, but conceded its disclosure to the market had been inadequate. The world’s largest listed childcare provider saw its

HUNGER PANGS Restaurants Feel Sting Of Surging Costs, Debt - Wall Street Journal
When you serve 1.1 million eggs a week, even a tiny price increase can pinch. So when egg prices tripled for casual-dining restaurant chains Bakers Square and the Village Inn over the past two years, the result was especially painful. Pricier eggs

Q&A Transcript: The Color of Money - Washington Post
Personal finance columnist Michelle Singletary hosts an online discussion with Jenny Offill and Elissa Schappell , editors of “Money Changes Everything” (Broadway Books) on Thursday, April 24 at Noon ET . In her column from April 6 , Michelle wrote

Historic deal to unglue stricken markets to be unveiled - The Independent
The Bank of England will today reveal an initial 50bn liquidity injection into the financial system to stop the financial crisis wrecking the wider economy. The measures will involve the most radical overhaul of the Government’s finances in

India’s kinder, gentler debt collectors - International Herald Tribune
GURGAON, India : In a glass tower on the outskirts of New Delhi, dozens of young Indians are on the telephone, calling out-of-work, forgetful and debt-stricken Americans to ask for cash. “Are you sure that’s all you can afford?” one operator in a row

NY plans state job recruiting despite governor’s order - MSN MoneyCentral
ALBANY, N.Y. (AP) - At the same time Gov. David Paterson is ordering agencies to restrict hiring during tough fiscal times, the state is preparing for targeted recruitment to replace thousands of mid- and upper-management employees expected to retire

Bank debt deals not sign credit tightness has eased - Forbes
Investment banks like Merrill Lynch & Co. and UBS AG have successfully tapped debt markets to raise money, but analysts warn that this isn’t an all-clear signal that tight credit conditions have eased. Both financial companies, along with retail bank

LexisNexis(R) Risk & Information Analytics Group Announces Alliance - Forbes
LexisNexis(R) Risk & Information Analytics Group and Account Control Technology, Inc. (ACT) today announced a strategic alliance that will lead to enhanced collections solutions and improved debt recovery processes. The first phase of the alliance

Got Debt? Explore Debt Relief Solutions - Benton Evening News
(ARA) - Everywhere you look you see news about the “credit crunch” and the mortgage foreclosure crisis and, if you’re like most Americans, you’re feeling the pinch too. Whether you have bills piling up, mounting credit card debt or are facing

Debt Collection Done From India Appeals to U.S. Agencies - Herald Tribune
GURGAON, India In a glass tower on the outskirts of New Delhi, dozens of young Indians are on the telephone, calling America s out of work, forgetful and debt-stricken and asking for cash. GURGAON, India In a glass tower on the outskirts of

The Five Dumbest Things on Wall Street - Street.Com
Who says Wall Street’s watchdog is a poodle? Securities and Exchange Commission Chairman Christopher Cox showed some bark this week when he told Sen. Chuck Grassley (R., Iowa) where he could put his request to disclose why the SEC abandoned a 2005

Moody’s revises GM outlook to negative from stable - Boston Globe
NEW YORK Moody’s Investors Service on Friday revised its rating outlook for General Motors Corp. to negative from stable, citing concerns about its former finance arm’s mortgage division. The ratings service also affirmed the Detroit-based

Freddie, Fannie Take on Big Loans, Risk - Street.Com
Freddie Mac FRE has entered the market for jumbo loans, or loans of more than $417,000. That could be good news for some borrowers, but also means U.S. taxpayers are taking on additional risk. Freddie announced last week that it expects to finance

Contractors will be required to disclose tax debt - Washington Post
Resize Text WASHINGTON — A new federal rule will require government contractors to disclose whether they owe federal taxes or have violated federal criminal tax laws following congressional investigations that found companies owing millions of

Court orders for debts up 42% - MyFinances.co.uk
Court orders from lenders seeking to secure personal debt against property have risen 42 per cent from a year ago. Applications filed for charging orders at the county courts of England & Wales stood at 131,644, of which 97,017 were granted in 2007

Whirlpool profit tumbles - Detroit Free Press
Whirlpool Corp., the world’s largest appliance maker, fell the most since 2002 in New York trading after saying first-quarter profit declined and forecasting annual earnings lower than its earlier projections. The maker of washing machines and stoves

J. Bank plays it close to the vest - Baltimore Sun
J os. A. Bank Clothiers stock has fallen by nearly half since last spring. The menswear chain is defending itself against two shareholder lawsuits. Analysts worry it might get squeezed between a falling economy and rising costs. “Short sellers,” who

Breaking Up - Because Of Cash Headaches - Sky.com
Debt charity Christians Against Poverty said 23% of its clients admitted they had split up with their partner because of their money problems. More than half of those helped by the charity also said the financial strain they were under put stress on

‘Cheap bargains’ help drive record Port of Baltimore exports - Baltimore Business Journal
The local port industry is hailing record export numbers from the Port of Baltimore in 2007, but some question how long the boom will last. That’s because the bump in business is dependent on how long the U.S. dollar stays weak compared to overseas