Debt Management
Debt Management News and Debt Management Information.

RPT-UK government rules out Islamic debt - Chancellor - Reuters
LONDON Nov 24 (Reuters) - The UK government has ruled out issuing Islamic compliant debt, or Sukuk, but said it will legislate to help develop Islamic corporate debt. The pre-budget report delivered on Monday by Chancellor Alistair Darling put an end

Milestones mark Chidambaram’s tenure as FM - Business Standard
Chidambaram s initiatives on the tax policy front resulted in revenue collections posting a compounded annual growth rate (CAGR) of 22 per cent. He made tax administration more efficient and introduced new taxes like the fringe benefit tax, the

Obama Wants Rescue Plan ‘Right Away’ - AOL
CHICAGO (Nov. 24) - Citing an “economic crisis of historic proportions,” President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing

Fitch Rates AT&T’s Proposed Debt Issuance ‘A’ - TMCnet
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College students in more debt - Delaware Online
A flagging economy, tight credit and rising tuition are teaching college students some hard lessons these days. And their reward for surviving until graduation? A lean job market and plenty of debt. It’s a scenario Laura Stout knows well. The Lincoln

GM struggles to steer clear of bankruptcy - The Australian
GENERAL Motors is trying to lure some of its debt holders into exchanging debt for equity, as it tries to steer clear of a Chapter 11 bankruptcy law filing, sources say. Chief executive Rick Wagoner and top lieutenants are scrambling to assemble the

GM May Seek Debt Cut, New Union Rules to Win U.S. Aid (Update3) - Bloomberg
Nov. 24 (Bloomberg) — General Motors Corp. , in danger of running out of cash this year, will seek to negotiate a cut in debt levels and new union work rules to help boost its chances of winning federal loans, people familiar with the plan said. The

Public Forum - Pharos-Tribune
This country s government seems to keep putting the debt on those high-interest credit cards from other countries that will take a lifetime to pay off. We spend billions of tax dollars to protect other countries and not our borders? We have a leak

Global: Lebanon economic and strategic outlook macroeconomic profile - Mena Report
Lebanon is a competitive and free market regime with a strong proactive commercial tradition. The Lebanese economy is service-oriented - main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital

A Nightmare on the High Street as shops fall like dominoes - Guardian Unlimited
It was an extravagant launch party with all the trimmings. Among the guests eyeing up the freebies and glugging glasses of free white wine at the boutique Haymarket hotel in central London last Thursday were TV makeover star Laurence Llewelyn-Bowen

UPDATE 1-Hedge fund Abax co-founder Hsu steps down as CEO - Reuters
HONG KONG, Nov 24 (Reuters) - Abax Global Capital said on Monday that co-founder Chris Hsu had stepped down as chief executive of the Hong Kong-based hedge fund manager following differences of opinion on its direction. Abax, which is partly owned by

There s a lot of cushion between debt and equity in ag - Times-Republican
Agriculture deleveraged in the 1980’s. It did not releverage with consumers and other businesses as the general consumer economy inflated its debt in this recent cycle of acquired leverage. Rising farmland values were not a function of debt. Debt to

Helping families avoid further debt - This is South Devon
VULNERABLE families who can’t get bank finance are being urged to be on their guard against ‘too good to be true’ loans. The number of people contacting the Torbay Pound service has leapt by 40 per cent in the last quarter, to 443. The service says

Finmin shapes body to take over RBI’s debt role - Economic Times
NEW DELHI: The government has kick-started the process to set up an independent body to manage its debt. It is proposed to be vested with a new autonomous agency, National Treasury Management Agency (NTMA). At present, this function is carried out by

Digging deep: Ely’s Robinson Mine surviving low copper prices - Elko Daily Free Press
In this photo taken from the Quadra Mining Web site, a shovel works at dusk at the company’s Robinson Mine near Ely. Low copper prices have management scrambling, but rumors of mass layoffs are unfounded. (Submitted) ELY - Quadra Mining Ltd.’s

ANALYSIS-Fiscal sprending sprees unlikely to dull govt debt - Forbes
LONDON, Nov 24 (Reuters) - Investors focusing on the magnitude of the problems requiring a huge fiscal spending spree are determined to stick with government bonds even as major countries plan to flood markets with new debt. Despite an expected

GM May Seek Debt Cut, New Union Rules to Win U.S. Aid (Update1) - Bloomberg
Nov. 24 (Bloomberg) — General Motors Corp. , in danger of running out of cash this year, will seek to negotiate a cut in debt levels and new union work rules to help boost its chances of winning federal loans, people familiar with the plan said. The

Even Santa needs a plan: Budget for the holidays, start new year debt - Raleigh News & Observer
Story Tools With a dark cloud hanging over the economy, many consumers may need greater restraint when it comes to spending during the holidays. Saving and cutting back on holiday spending is no small task. Several Web sites however, offer a host of

GM said to seek cut in debt, new union rules to win federal aid - Waterbury Republican-American
General Motors Corp., in danger of running out of cash this year, will seek to negotiate a cut in debt levels and new union work rules to help boost its chances of winning federal loans, people familiar with the plan said. The largest U.S. automaker

GM eyes debt swap; some directors sour on CEO: WSJ - FXStreet.com
NEW YORK, Nov 28 (Reuters) - General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street

GM May Seek Debt Cut, New Union Rules to Win U.S. Aid (Update1) - Bloomberg
Nov. 24 (Bloomberg) — General Motors Corp. , in danger of running out of cash this year, will seek to negotiate a cut in debt levels and new union work rules to help boost its chances of winning federal loans, people familiar with the plan said. The

Anheuser-Busch InBev Revives Rights Offer to Pay Debt (Update3) - Bloomberg
Nov. 24 (Bloomberg) — Anheuser-Busch InBev, formed last week after the largest European and American brewers merged, revived a stock sale to pay down the deal’s $54.8 billion of debt after its controlling investors stumped up more cash. As many as

Family Finances: With a little effort, you can get out of debt - Pittsburgh Post-Gazette
The first step is to analyze exactly how serious the problem is. Are you putting your monthly expenses on a credit card because you lack cash for everyday expenses? In that case, you must increase your income and/or cut expenses immediately — enough

Lose debt first, protect credit later - Sauk Valley Daily Gazette
Dear Debt Adviser: I enrolled in a debt-management plan in August 2003 and finally have finished paying off all my credit cards. I would like to find out if having used the agency will hurt my credit score. As a single mom, I have worked hard to

RPT-UK government rules out Islamic debt - Chancellor - Reuters
LONDON Nov 24 (Reuters) - The UK government has ruled out issuing Islamic compliant debt, or Sukuk, but said it will legislate to help develop Islamic corporate debt. The pre-budget report delivered on Monday by Chancellor Alistair Darling put an end

Obama Wants Rescue Plan ‘Right Away’ - AOL
CHICAGO (Nov. 24) - Citing an “economic crisis of historic proportions,” President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing

Helping families avoid further debt - This is South Devon
VULNERABLE families who can’t get bank finance are being urged to be on their guard against ‘too good to be true’ loans. The number of people contacting the Torbay Pound service has leapt by 40 per cent in the last quarter, to 443. The service says

Australian banks propose plan to save Babcock and Brown - The Australian
THE Australian banks in the Babcock & Brown syndicate have put forward a plan to inject emergency cash into the failing investment group. Any deal, however, hinges on the decision of the foreign financiers. It is understood that the $100 million

TEXADA Software Inc. Announces Financial Results for Third Quarter - Earthtimes
Author : Texada Software Inc. ONTARIO, CANADA — 11/28/08 — TEXADA Software Inc. (TSX VENTURE: TXS), the premier provider of equipment rental and mobile asset management software, announces today its unaudited interim financial results for the third

Semcan Inc. Reports Third Quarter 2008 Financial Results - StreetInsider.com
TORONTO, ONTARIO–(Marketwire - Nov. 28, 2008) - Semcan Inc. (TSX VENTURE: STT ) (the “Company”) today reported financial results for its quarter ended September 30, 2008. Revenues for the quarter were $19.99 million, an increase of 164% over

Lehman Neuberger Sale May Be Scuttled By S&P Drop (Update1) - Bloomberg
Nov. 28 (Bloomberg) — Lehman Brothers Holdings Inc. s $2.15 billion agreement to sell its investment-management business to Bain Capital LLC and Hellman & Friedman LLC may fall apart as a result of a provision tying the deal s completion to the

Reality bites the world - Brisbane Times
After a year of wrangling, the global financial crisis and European regulators combined this week to scupper the world’s biggest resources merger - and everyone seems relieved, writes Jamie Freed. Rio Tinto’s chairman, Paul Skinner, did not get much

VN tries to prevent economic downturn - Viet Name News
HA NOI The Government will implement policies to help enterprises expand export markets, especially for agricultural products. This was one of two solutions discussed by Government members to help the country overcome economic downturn and

Agency to manage govt debt takes shape - Financial Express
The government on Friday released a draft Bill to create a debt management office, which would be a statutory corporate body acting as an agent of both the central and state governments. To be called the National Treasury Management Agency (NTMA

Financial advisers rolling into town - The State
One reason the United States is in a financial crisis is because people spent too much and saved too little. There s no time like the present to change that trend, and a group of S.C. financial advisers will do their part Tuesday when the Your

Chrysler chief to skip jet - Chicago Tribune
Chrysler LLC says Chief Executive Robert Nardelli will not fly on a corporate jet when he returns to Washington next week for congressional hearings on government loans for the auto industry. Spokeswoman Lori McTavish said the company is exploring

Family Finances: With a little effort, you can get out of debt - Pittsburgh Post-Gazette
The first step is to analyze exactly how serious the problem is. Are you putting your monthly expenses on a credit card because you lack cash for everyday expenses? In that case, you must increase your income and/or cut expenses immediately — enough

GMAC Applies for Status as Bank, Begins Debt Swap (Update5) - Bloomberg
Nov. 20 (Bloomberg) — GMAC LLC , the largest lender to General Motors Corp. car dealers, applied for status as a bank holding company so it can get access to the Treasury s $700 billion rescue fund for the financial industry. The lender also began

Debt woes hit senior-living companies - Herald Tribune
The credit crisis is battering the two largest publicly traded operators of housing for the elderly. One of them, Sunrise Senior Living, is trying to stave off bankruptcy. The other, Brookdale Senior Living, is considered likely to resolve its short

Woolworths reaffirms full year guidance - West Online
Food and liquor sales will help Woolworths Ltd post strong second quarter sales, and the supermarket retailer is bullish about Christmas sales after reaffirming its fiscal 2009 guidance. Chief executive Michael Luscombe told shareholders on Wednesday

Family Finances: With a little effort, you can get out of debt - Pittsburgh Post-Gazette
The first step is to analyze exactly how serious the problem is. Are you putting your monthly expenses on a credit card because you lack cash for everyday expenses? In that case, you must increase your income and/or cut expenses immediately — enough

GMAC Applies for Status as Bank, Begins Debt Swap (Update5) - Bloomberg
Nov. 20 (Bloomberg) — GMAC LLC , the largest lender to General Motors Corp. car dealers, applied for status as a bank holding company so it can get access to the Treasury s $700 billion rescue fund for the financial industry. The lender also began

The Debt Diet: Ways to Trim Unsightly Bills - Wall Street Journal
It’s time to go on a debt diet. Carrying around a few thousand dollars in credit-card balances may have seemed perfectly acceptable a few months ago. But in this financial crisis, it can be downright dangerous to your financial health. Credit-card

Ivory Coast must cut cocoa tax for debt help: W Bank - Reuters Africa
ABIDJAN (Reuters) - The World Bank is pressing Ivory Coast to cut taxes on its chief export cocoa by around half by 2010 in order to qualify for debt relief. The West African country is the world’s biggest cocoa producer, but a 2002-2003 war divided

Business is booming for debt-consolidation companies as more people - Phoenix Business Journal
Nationwide Debt Settlement owner Sarah Leineke says her business has tripled in the past year as more consumers go further into debt. Hers and other debt-settlement services are seeing a surge in business as the economy takes a toll. A year ago