Debt Management
Debt Management News and Debt Management Information.

Bernanke says GSE debt backing must be maintained - Reuters
BERKELEY, California (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate

Dollar Wise: Credit crunch pressures consumers to get out of debt - Dallas Morning News
More than anything else, Sondra Page wants to be a homeowner again. But before she can qualify for a loan, she needs to raise her credit score. And, to raise her score, she has to cut her debt level. GUY REYNOLDS/DMN Sondra Page, who helped 8-year

FBI Probe of JPMorgan Fees Focuses on Swaps Roiling Muni Debt - Bloomberg
Oct. 27 (Bloomberg) — Joseph Ambrosini says the deal looked so easy. JPMorgan Chase & Co. bankers told him there was really no risk. All he had to do was sign a public financing contract, and the bank would give $280,000 to his school district in

Brown plans ‘will force up taxes’ - Guardian Unlimited
Shadow chancellor George Osborne has accused Gordon Brown of deepening the economic downturn by trying to “spend his way out of recession”. Mr Osborne claimed Government plans to stimulate demand would result in a burden of debt which could take a

GMAC may become bank, eyes massive debt overhaul - Reuters
NEW YORK (Reuters) - GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company, and said it plans to overhaul and slash its debt load, barely four months after completing a

U.K. May Not Be Able to Sell More Gilts, Osborne Says (Update1) - Bloomberg
Oct. 31 (Bloomberg) — International investors may shun U.K. government bonds in future years as they lose confidence in Prime Minister Gordon Brown ’s management of the economy, the opposition Conservative Party said. George Osborne , who shadows

Auto loan arms seek bank status - Detroit News
WASHINGTON — Ford Motor Credit Co. and Chrysler Financial are lobbying Congress and federal banking regulators to become industrial loan corporations, which would allow them to accept deposits. That represents a cheaper source of capital than other

Private equity firms left with debt hangover - The Australian
Now, the private equity firms that terrorised company boards last year, paying outrageously high prices for stakes in companies such as Nine Network, Seven Network, Myer and Rebel Sports, are the victims of their debt binges as they struggle to repay

Clearleap Secures $3.3M in Financing From Silicon Valley Bank - MSN MoneyCentral
Clearleap, a new video technology company, announced today that it has secured $3.3 million in venture debt financing from Silicon Valley Bank, a leading financial institution serving clients in the technology and life sciences industries. Clearleap

UPDATE 1-US Judge orders freeze on Argentine pension investments - Reuters
NEW YORK, Oct 30 (Reuters) - A U.S. judge ordered the freezing of Argentine pension fund investments in the United States to satisfy a prior $554 million judgment against the South American country on behalf of holders of its defaulted sovereign debt

Management briefing: investment by councils - Times Online
When four Icelandic banks went into administration four weeks ago, it quickly became apparent that a number of councils that had invested in the high-interest accounts stood to lose significant amounts of money. More than 120 councils have 1

GMAC may become bank, eyes massive debt overhaul - Reuters
NEW YORK (Reuters) - GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company, and said it plans to overhaul and slash its debt load, barely four months after completing a

French local authorities stung by ‘toxic’ loans - Forbes
PARIS, Oct 24 (Reuters) - Some French local authorities could face a dramatic rise in interest payments for debt taken on risky terms, potentially reducing available budgets and even causing defaults down the road, officials say. French banks stepped

Banks to clamp down on credit card holders - Detroit Free Press
The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards — so they’re trying to cut their losses by cutting off customers. Big-name credit card

Treasuries Fall on Debt-Supply Concern as U.S. Economy Shrinks - Bloomberg
Oct. 30 (Bloomberg) — Treasuries dropped, pushing 10-year yields to the highest in two weeks, amid concern the Federal Reserve’s efforts to unfreeze credit markets and prop up the financial system will swell sales of government debt. Bonds also

Greenspan Slept as Off-Books Debt Escaped Scrutiny (Update1) - Bloomberg
Oct. 30 (Bloomberg) — As George Miller welcomed 60 bankers to the chandeliered Charlotte City Club one evening in September, the focus was on more than the recent bankruptcy of Lehman Brothers Holdings Inc. From their 31st-floor perch, members of

GMAC looks into becoming bank holding company - Detroit Free Press
GMAC said in a statement today that it plans to refinance its debt and is in discussions with the Treasury Department, the Federal Deposit Insurance Corp. and other federal regulators. The Treasury Department has outlined plans to use at least $250

TSC Ratings’ Updates: Cephalon - Street.Com
Net operating cash flow has decreased to $59.07 million, or 27.68% when compared with the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm’s growth is significantly lower. Currently the

Best Credit Cards For The Buck - Forbes
For years, credit card offers arrived in consumers’ mailboxes with greater frequency and consistency than those AOL CD-ROMs. The offers, many claiming pre-approval, promised low-interest rates, balance transfers and reward programs for everything

Amid tough times, AmEx to cut 7,000 jobs - MSNBC
Oct. 30: White House Chief Economic Adviser Ed Lazear discusses the latest report on gross domestic product, saying a tough few months lie ahead for the U.S. economy. NEW YORK - In a stark acknowledgment of the tough times ahead in the credit card

Surprise: Tousley discovers $20K credit debt - Twin Falls Times-News
The Twin Falls County Sheriff’s office has run up nearly $20,000 in credit card debt that may have accumulated for over 13 years, apparently unnoticed by Sheriff Wayne Tousley or other elected county officials. Tousley asked last month that the

Treasuries Fall on Debt-Supply Concern as U.S. Economy Shrinks - Bloomberg
Oct. 30 (Bloomberg) — Treasuries declined, led by 10-year notes, amid concern the Federal Reserve’s efforts to unfreeze credit markets and prop up the financial system will result in “a huge amount'’ of government debt being issued. Bonds remained

Tek-Tools Continues to Round out IT Resource Management Software - PR Inside
www.tek-tools.com - Tek-Tools Software, Inc. Stephen Harding, 972-980-2890 ext. 229 sharding@tek-tools.com or Kelly A. Murray, 978-597-3377 kellyamurray@comcast.com Tek-Tools Software, a leading provider of IT resource management software solutions

The culture of personal debt - Channel 4 News
On the day the government confirms debt is the way forward to cope with the looming recession, Channel 4 News has obtained exclusive research into the levels of personal debt in Britain. Credit cards, student loans, and overdrafts now total millions

UPDATE 3-Ackman urges Target to spin off real estate assets - Reuters
NEW YORK, Oct 29 (Reuters) - Hedge fund manager William Ackman is urging Target Corp (TGT.N: Quote , Profile , Research , Stock Buzz ) to spin off a separate company that would own the land on which its stores are built, unlocking the value of a real

Gerald Arpino dies - Chicago Tribune
Gerald Arpino died today of undetermined causes after a lengthy battle with prostate cancer. He was 85. His vast body of original work gave the Joffrey Ballet a special look, and, against the odds, he led the troupe in its trek from financial ruin to

Whiting Petroleum Corporation’s Third Quarter 2008 Earnings Reach a - CNBC
DENVER, Oct 29, 2008 /PRNewswire-FirstCall via COMTEX/ — Discretionary Cash Flow Increases to a Record $255.6 Million Record Q3 08 Average Production of 50,480 BOE/D Up 24% from Q3 07 and Up 14% from Q2 08 Record September 2008 Production of 51,700

GM and Chrysler clear major deal issues: sources - MSN MoneyCentral
NEW YORK/DETROIT (Reuters) - General Motors Corp and Cerberus Capital Management have resolved the major issues in a proposed GM-Chrysler merger, but the final form of any deal would depend on the financing and government support available, sources

UPDATE 2-ANZ H2 profit declines as bad debt charges rise - Reuters
SYDNEY, Oct 23 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX: Quote , Profile , Research , Stock Buzz ) reported a 32 percent drop in second-half cash profit due to a sharp rise in bad debt charges as the global credit crunch bites

Insure.com, Inc. Reports Third Quarter 2008 Financial Results - MSN MoneyCentral
Insure.com reported revenues of $4.1 million for the third quarter of 2008, a decrease of 10 percent from revenues of $4.6 million for the same quarter of 2007. Net profit for the quarter was $112,000 or $0.02 per share, compared to a profit of $544

Boston Properties May Fall as Earnings, Forecast Miss Estimates - Bloomberg
Oct. 29 (Bloomberg) — Boston Properties Inc. shares may decline after the largest U.S. office landlord’s third-quarter earnings, and its forecast for next year, fell shy of analysts’ expectations. Third-quarter profit dropped on lower proceeds from

Investors pummel debt-heavy real estate companies - Reuters
NEW YORK, Oct 22 (Reuters) - The shares of U.S. mall owner General Growth Properties Inc GGP.N fell 37 percent on Wednesday as fears mounted the company would not be able to meet debt payments next month. “I just think there’s a ton of fear built

Fitch Rates Metropolitan Transportation Auth, New York’s Bank Bonds ‘A - PR Inside
–$100,000,000 subseries 2005D-2 bonds. Fitch also confirms its underlying ‘A’ rating on $11.5 billion in outstanding transportation revenue bonds. The Rating Outlook is Stable. Although approximately 20% of the MTA’s $11.5 billion outstanding

New Jersey Voters May Limit Borrowing as Corzine Proposes Sales - Bloomberg
Oct. 29 (Bloomberg) — New Jersey taxpayers are likely to approve a measure giving them power to limit borrowing as Governor Jon Corzine plans bond sales for projects aimed at helping bolster the economy. Residents will be asked Nov. 4 to amend the

UPDATE 2-ANZ H2 profit declines as bad debt charges rise - Reuters
SYDNEY, Oct 23 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX: Quote , Profile , Research , Stock Buzz ) reported a 32 percent drop in second-half cash profit due to a sharp rise in bad debt charges as the global credit crunch bites

Investors pummel debt-heavy real estate companies - Reuters
NEW YORK, Oct 22 (Reuters) - The shares of U.S. mall owner General Growth Properties Inc GGP.N fell 37 percent on Wednesday as fears mounted the company would not be able to meet debt payments next month. “I just think there’s a ton of fear built

Zebra Technologies Announces 2008 Third Quarter Financial Results - MSN MoneyCentral
VERNON HILLS, Ill. , Oct. 29 /PRNewswire-FirstCall/ — Zebra Technologies Corporation ZBRA today announced net sales of $244,073,000 for the third quarter of 2008, up 12.4% from $217,218,000 for the third quarter of 2007. Net income for the period

US GOVTS: Treasury Says This Year’s Financing Needs to Be - Forbes
Washington, October 28, 2008 - A key Treasury official today said he expects this year’s financing needs to be ‘unprecedented’ in light of all the support the government is giving to financial markets, and said Treasury will consider expanding its

UK gilts yield curve steepens on gloomy data, issuance - Reuters
LONDON, Oct 21 (Reuters) - The gilts yield curve steepened on Tuesday, after gloomy economic data boosted demand for shorter maturities and the British government pressed ahead with issuance that has weighed on prices in recent weeks. At 1541 GMT

Fannie Mae to Reinstate Homebuyer Education and Counseling - MSN MoneyCentral
WASHINGTON , Oct. 28 /PRNewswire-FirstCall/ — Fannie Mae FNM today announced that it will reinstate a requirement for homeownership counseling and education for first-time homebuyers obtaining a MyCommunityMortgage(R) loan or a loan that relies on

Investors pummel debt-heavy real estate companies - Reuters
NEW YORK, Oct 22 (Reuters) - The shares of U.S. mall owner General Growth Properties Inc GGP.N fell 37 percent on Wednesday as fears mounted the company would not be able to meet debt payments next month. “I just think there’s a ton of fear built

TEXT-Moody’s cuts ING Bank of Canada debt rating - Forbes
Oct 22 - Moody’s (nyse: MCO - news - people ) Investors Service downgraded the guaranteed subordinated debt rating of ING (nyse: IND - news - people ) Bank of Canada to Aa3 from Aa2, following the downgrade of the ratings of its ultimate parent, ING

ZRG opens Collections, Workout and Recovery Executive Search Practice - PR Inside
www.zrgroup.com - ZRG, a global leader in executive search and talent management solutions, has launched a new practice that will focus solely on Collections, Workout and Recovery Talent Acquisition, and Management Solutions. The practice area will

5 Potential Buffett Picks - MSN MoneyCentral
eBay Inc ( EBAY ) Stock Quote , Chart , News , Add to Watchlist Master investor Warren Buffett’s track record inspires envy: 40-plus years of greater-than-20% annualized returns. That performance helped him build a more-than-$60 billion fortune

Issue of Debt - Businesswire.com
In connection with the launch of the Bank of England s Discount Window Facility (DWF), the operation of which was announced separately by the Bank yesterday, HM Treasury has agreed that on Wednesday, 22 October 2008, an approximate additional

Facing debt expenses, General Growth shuffles leaders, will sell 3 - Des Moines Register
General Growth Properties, owner of Jordan Creek Town Center in West Des Moines and two other Iowa malls, announced a management shake-up Monday and plans to sell three Las Vegas malls to help meet payments on $27 billion in debt. John Bucksbaum