Debt Management
Debt Management News and Debt Management Information.

Possible breakthrough in new Russia-Ukraine gas standoff - Summary - Earthtimes
Moscow/Kiev - Ukraine’s government on Tuesday ordered a pair of state banks to pay off a massive debt to Russia, raising hopes of a breakthrough in a tense standoff between Kiev and the Kremlin over energy, and with European natural gas supplies

ION Finalizes the Refinancing of Its ARAM Acquisition - MSN MoneyCentral
HOUSTON , Dec. 30 /PRNewswire-FirstCall/ — ION Geophysical Corporation IO announced today that it has reached agreement to refinance the debt it incurred for its September 2008 acquisition of ARAM Systems Ltd., a Canadian-based provider of cable

Buyers for IndyMac - Cleveland Plain Dealer
A trio of private investors — J.C. Flowers & Co., Dune Capital Management and Paulson & Co. — is trying to buy failed thrift IndyMac, a person familiar with the deal said Monday. The two private-equity firms and hedge-fund Paulson have applied for

Brookfield Asset files for $1 bln mixed shelf - Reuters
WASHINGTON, Dec 30 (Reuters) - Brookfield Asset Management Inc ( BAMa.TO ) on Tuesday filed with U.S. regulators to periodically sell up to $1 billion in debt securities and class A preference shares. The asset management firm said in a filing with

Hospitals ill from more bad debt, credit troubles - WTOP Radio
TRENTON, N.J. (AP) - Gainesville ’s first community hospital has been on life support since the Shands Healthcare system in northern Florida bought it a dozen years ago. Now, because of the recession, the plug is being pulled on 80-year-old, money

John Paulson looking to buy distressed debt- report - Reuters
Dec 31 (Reuters) - John Paulson, who runs the $36 billion hedge fund firm Paulson & Co, is looking to buy distressed mortgages and distressed debt, despite being bearish on the overall economy, Bloomberg reported. Paulson wrote in a 2009 outlook to

BLA for PolyHeme Accepted for Filing and Granted Priority Review - Phramalive.com
EVANSTON, Ill.–(BUSINESS WIRE)–Dec 30, 2008 - Northfield Laboratories Inc. (Nasdaq: NFLD) announced today that the U.S. Food and Drug Administration (FDA) has accepted for filing its Biologics License Application (BLA) for PolyHeme , the Company

Eurogroup’s Juncker moots euro debt agency - Forbes
PARIS, Dec 31 (Reuters) - Europe should consider how it can improve management of its debt sales, in particular by creating a central agency responsible for joint bond issues, the chairman of the Eurogroup Jean-Claude Juncker told a French newspaper

Recycled Paper Greetings Announces Agreement to be Acquired by - Biloxi Sun Herald
Recycled Paper Greetings, Inc. (RPG) today announced a definitive agreement with Cleveland-based American Greetings Corp. under which American Greetings would acquire RPG. The agreement will be subject to regulatory review before being finalized, and

UPDATE 1-Cerberus to suspend withdrawals from fund-CNBC - Reuters
NEW YORK, Dec 23 (Reuters) - Cerberus Capital Management CBS.UL plans to pay 20 percent of year-end withdrawals in cash and suspend the remaining withdrawals for investors in its Cerberus Partners fund, television network CNBC said on Tuesday

UPDATE 1-Bottle makers Constar, Chesapeake file for Chap 11 - Forbes
Constar, which makes plastic containers for food, soft drinks and water, said in a release that a bankruptcy filing would allow it to cut debt by $175 million and reduce its annual interest expense by $19.3 million. It plans to continue operations as

GMAC Adds Loans as U.S. Injects $6 Billion to Aid GM (Update1) - Bloomberg
Dec. 30 (Bloomberg) — GMAC LLC , bolstered by a $6 billion federal bailout, resumed lending to General Motors Corp. customers with lower credit scores as the U.S. stepped up efforts to keep the automaker in business. The Treasury said yesterday it

Hospitals ill from more bad debt, credit troubles - Atlanta Journal Constitution
Gainesville s first community hospital has been on life support since the Shands Healthcare system in northern Florida bought it a dozen years ago. Now, because of the recession, the plug is being pulled on 80-year-old, money-losing Shands AGH

GMAC Gets $6 Billion to Revive Lending - AZCentral.com
Dec. 30 — The U.S. Treasury committed $6 billion to support GMAC LLC, the financing arm of General Motors Corp., widening the government’s effort to keep the largest U.S. automaker out of bankruptcy. The Treasury will purchase a $5 billion stake in

Recycled Paper Greetings Announces Agreement to be Acquired by - Biloxi Sun Herald
Recycled Paper Greetings, Inc. (RPG) today announced a definitive agreement with Cleveland-based American Greetings Corp. under which American Greetings would acquire RPG. The agreement will be subject to regulatory review before being finalized, and

Chesapeake Corp files for Chapter 11; to sell itself - Forbes
The Richmond, Virginia-based company said it could not keep up with interest payments on its debt as the slowing economy and aggressive competition undermined demand for its folding cardboard boxes, leaflets and plastic beverage bottles, according to

Novel debt management - Asia Times
I thought I was dreaming when I read on Bloomberg.com that short-term Treasuries rose in market value as buyers rushed to buy them, thus “pushing rates on the three-month bill negative for the first time, as investors gravitate toward the safety of

Chesapeake Corp. files for bankruptcy protection - Salon
Dec 30th, 2008 | RICHMOND, Va. — Specialty packaging company Chesapeake Corp. has filed for Chapter 11 bankruptcy protection and plans to sell itself to a group of investors for about $485 million. The company’s stock, which is traded over-the

WRAPUP 2-Investors give U.S. bargain-basement rates on debt - Reuters
NEW YORK, Dec 23 (Reuters) - The U.S. government issued another $50 billion of debt on Tuesday at a rock-bottom cost to taxpayers, including a zero-percent interest rate for one-month T-Bills for the third week in a row. Risk-wary investors fell over

Liverpool stay top as Chelsea lose ground - Mail & Guardian Online
Liverpool captain Steven Gerrard scored twice as the Merseysiders ended 2008 on top of the Premier League with a 5-1 win away to Newcastle at St James’ Park on Sunday. Second-placed Chelsea were held to a dramatic 2-2 draw by Fulham to leave

GM s Talks on Debt, Labor Accords Pushed to January (Update4) - Bloomberg
Dec. 24 (Bloomberg) — General Motors Corp. will try to win agreements to reduce debt and rework labor agreements in a span of less than three months as it pushes the start of formal talks into January. Such meetings with debt holders and the United

S.Korea KDB, others to provide $8 bln to lenders - Reuters UK
SEOUL, Dec 30 (Reuters) - South Korea’s state-run financial institutions plan to provide a combined 10.2 trillion won ($7.93 billion) next year to help local lenders boost their financial bases and shed bad debt, the financial regulator said on

Centerline Holding Company Closes Financing Agreement - MSN MoneyCentral
Centerline Holding Company (OTC:CLNH) ( Centerline or the Company ), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today confirmed it closed an agreement with its bank

Pack lunch, avoid eating out, practice frugality: Bank - Daily News and Analysis
TORONTO: As North America enters recession, a top Canadian bank has come out with a five-pronged blueprint for people to weather the economic meltdown, advising people to reduce spending, pay off debts and even avoid eating out every day. In a

GMAC still mum on debt swap plan - Miami Herald
The financing arm of General Motors remained silent Monday on whether it had raised enough capital to become a bank holding company and eligible for access to billions in federal bailout money. Analysts have speculated that if GMAC Financial Services

Nigeria president completes cabinet reshuffle - Reuters Africa
ABUJA (Reuters) - Nigeria’s president on Tuesday appointed Mansur Muhtar of the African Development Bank to the finance portfolio and swore in three other ministers, filling the few remaining jobs left in his cabinet. With his handpicked cabinet now

Morgan Stanley Investment Management Releases Institutional Closed-End - MSN MoneyCentral
Morgan Stanley China A Share Fund Inc ( CAF ) Stock Quote , Chart , News , Add to Watchlist Morgan Stanley Asia-Pacific Fund, Inc. APF ; Morgan Stanley Emerging Markets Fund, Inc. MSF ; Morgan Stanley India Investment Fund, Inc. IIF ; Morgan Stanley

Hercules Technology Announces Repayment of Principal, Fees and - TradingMarkets.com
In January 2006, Hercules provided approximately $5 million of senior secured debt to Simpler Networks, a technology provider driving the automation of copper distribution frames for local telecommunications service providers. In addition, Hercules

eMagin Corp Retires $6 Million Debt - TMCnet
eMagin Corporation (OTCBB:EMAN), a leader in OLED technology, today announced that it has closed a transaction with an investor (”Investor”) to raise $4.033 million through the issuance and sale of Series B Convertible Preferred Stock. The proceeds

GMAC stays mum on debt swap - Salon
Dec 29th, 2008 | NEW YORK — The financing arm of General Motors Corp. remained silent Monday on whether it had raised enough capital to become a bank-holding company and eligible for access to billions in federal bailout money. Analysts have

Hospitals ill from more bad debt, credit troubles - Daily Business Review
ainesville’s first community hospital has been on life support since the Shands Healthcare system in northern Florida bought it a dozen years ago. Now, because of the recession, the plug is being pulled on 80-year-old, money-losing Shands AGH. Next

Hospitals ill from more bad debt, credit troubles - Long Island Business News
Gainesville s first community hospital has been on life support since the Shands Healthcare system in northern Florida bought it a dozen years ago. Now, because of the recession, the plug is being pulled on 80-year-old, money-losing Shands AGH

Morgan Stanley Investment Management Releases Institutional Closed-End - MSN MoneyCentral
Morgan Stanley China A Share Fund Inc ( CAF ) Stock Quote , Chart , News , Add to Watchlist Morgan Stanley Asia-Pacific Fund, Inc. APF ; Morgan Stanley Emerging Markets Fund, Inc. MSF ; Morgan Stanley India Investment Fund, Inc. IIF ; Morgan Stanley

Still haven’t received stimulus check? Free taxpayer service may help - Biloxi Sun Herald
Before 2008 comes to a close, let’s wrap up with a couple of year-end questions from readers, based on recent columns. Q: I’m still waiting to receive my federal stimulus check. A few months ago, I called the IRS and was told I’d receive my check

UPDATE 1-Ferre owner, Mensun extend talks deadline-source - Forbes
MILAN, Dec 29 (Reuters) - Exclusive talks between IT Holding SpA, which owns fashion label Gianfranco Ferre, and China’s Mensun Ltd over an asset sale have been extended beyond a Dec. 31 deadline, a source close to the situation said. ‘They

Oligarchs Seek $78 Billion as Credit Woes Help Putin (Update2) - Bloomberg
Dec. 22 (Bloomberg) — Russian oligarchs are lining up for $78 billion of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation s biggest companies. Just 12

Still haven’t received stimulus check? Free taxpayer service may help - Sacramento Bee
As we round the bend into 2009, it feels as though the financial world’s been hanging on for dear life. Everyone’s queasy and everyone’s got questions. We’re here to help. Starting this week, we’ll introduce a new lineup for our “Ask the Experts

GMAC quiet on bailout hurdle after deadline passes - Leaf Chronicle
Analysts have speculated that if GMAC Financial Services LLC doesn’t obtain financial help it would have to file for bankruptcy protection or shut down, which would be a serious blow to parent GM’s own chances for survival. GMAC had received the

Get credit in order now - Miami Herald
W ASHINGTON — The new year is a good time to begin new practices, especially concerning money management. As we enter 2009, it’s especially important to begin handling your credit card differently because in a year and a half, the credit card

Unclear if GMAC met final hurdle for bailout funds - FOX News
GRAND BLANC, Mich. The financing arm of General Motors Corp. wasn’t immediately saying early Saturday whether it had met a midnight deadline to clear a final hurdle in its quest to become a bank holding company, which would allow it to access

LENDER’S BANK BID BOOSTS GM - New York Post
General Motors Corp., poised to get at least $9.4 billion in US aid, gained 13 percent in New York trading after the Federal Reserve approved lender GMAC LLC’s bid to become a bank holding company. GMAC’s shift to a bank eases the threat of a default

Clock Ticks Down On GMAC Debt Swap - Forbes
The midnight deadline for GMAC’s $38.0 billion debt swap is nowhere near as pressure-packed after the auto financer was cleared to become a bank holding company. The decision enables the struggling firm, which is the financial arm of GM, to tap the

Change agent? - Lowell Sun
We’re giving Gov. Deval Patrick the benefit of the doubt in naming Big Dig insider James Aloisi to the job of transportation secretary. It’s hard to believe that Aloisi could be dubbed a reformer, but maybe, just maybe, there is redemption in the

GMAC needs to clear final hurdle for bailout funds - Chicago Sun-Times
GRAND BLANC, Mich. — The financing arm of General Motor’s Corp. has until midnight Friday to clear a final hurdle in its quest to become a bank holding company, even though it already received the Federal Reserve’s stamp of approval earlier this