Debt Management
Debt Management News and Debt Management Information.

GM settles with SEC over pension accounting errors - WTOP Radio
WASHINGTON (AP) - General Motors Corp. is settling federal charges related to accounting errors in financial statements the automaker filed in 2002. The Securities and Exchange Commission announced the settlement with GM, which neither admitted nor

CUP Data to Provide Card Processing Services for Bank of East Asia - Earthtimes
COLUMBUS, Ga. - (Business Wire) TSYS today announced that China UnionPay Data Services Co., Ltd. (CUP Data), TSYS joint venture with China UnionPay (CUP), has signed a long-term credit card processing agreement with the Bank of East Asia (BEA

Workshops to examine ways to save money, improve finances - Star-Gazette
Cornell Cooperative Extension will hold three two-hour workshops, sponsored by HeatSmart New York, in the month of February. A Save Energy, Save Dollars workshop will be held at 10 a.m. Feb. 4. The discussion will look at ways to reduce energy

Critical care physicians join Aurora - Milwaukee Business Journal
Hospital systems step up physician recruitment Cosmetic procedures central to new Medical Associates clinic Area doctors setting up pain management database Aurora acquires Illinois physicians group Hospital charity cases, debt soar Aurora Health

Norway’s Fredriksen reveals 5 pct stake in BW Gas - Reuters
OSLO, Jan 22 (Reuters) - Norwegian shipping magnate John Fredriksen’s trading vehicle Geveran said on Thursday it had raised its stake in gas shipper BW Gas ( BWGAS.OL ) to 5.3 percent, or 6.54 million shares. Geveran said in a statement that on

Thai Airways to shift all Bangkok service to 1 hub - PR Inside
BANGKOK, Thailand (AP) - Thai Airways International will move all its Bangkok flights to the capital’s main airport, as it struggles to overcome losses from last year’s airport siege and the global economic slowdown, its president said Thursday

Financial Technologies Group announces Bahrain Financial Exchange - Mena Report
Financial Technologies (India) Ltd. has announced the launch of the Bahrain Financial Exchange (BFX). The BFX regulated by the Central Bank of Bahrain (CBB) and has been given approval to list cash and derivatives instruments on multiple asset

UPDATE 1-BOJ says to accept REIT debt, shares jump - Forbes
TOKYO, Jan 22 (Reuters) - The Bank of Japan said on Thursday it would accept debt issued by real estate investment trusts (REITs) as collateral in its market operations, sending beaten-down shares of REITs and property firms soaring. The BOJ made the

International Business Machines Corporation Q4 2008 Earnings Call - Seekingalpha.com
Welcome and thank you for standing by. At this time, all participants are in a listen only mode. Today s conference is being recorded. If you have any objections, you may disconnect at this time. Now, I will turn the meeting over to Ms. Patricia

U.S. Stocks Jump on Obama Plan, Insider Buys at Bank of America - Bloomberg
Jan. 21 (Bloomberg) — U.S. stocks surged as President Barack Obama s plan to shore up lenders and Bank of America Corp. share purchases by company executives sent financial equities to their biggest rally in two months. Bank of America jumped 31

Fitch Upgrades Peoria, Arizona HURF Rev Bonds to ‘AA-’ - PR Inside
Fitch Ratings assigns its ‘AA’ rating to the $68.4 million general obligation bonds (projects of 2000 and 2005), series A (2009) of Peoria, Arizona. In addition, Fitch affirms the ‘AA’ rating on the city’s $114.6 million in general obligation (GO

Vertis Communications Updates Full-Year 2008 Guidance and Provides - Earthtimes
BALTIMORE - (Business Wire) Vertis Holdings, Inc. ( Vertis Communications , Vertis or the Company ), a premier provider of targeted print advertising and direct marketing solutions to America s leading retail and consumer services

American International Group names Monika Machon Chief Investment - RTT News
(RTTNews) - Insurance and financial service provider American International Group, Inc. (AIG: News ), Tuesday appointed Monika Machon as its Senior Vice President and Chief Investment Officer, responsible for AIG’s portfolio management across all of

DTCC Extends Membership, Risk Management Services for U.S. Government - PR Inside
The Depository Trust & Clearing Corporation (DTCC), whose fixed-income subsidiary clears”and guarantees”trades each day in the multi-trillion-dollar market for U.S. government securities, has asked regulators for approval to extend the subsidiary’s

Union attacks plans to part-privatise Royal Mail - Guardian Unlimited
Controversial plans for the partial privatisation of Royal Mail risk “nationalising its debt and privatising its profits,” MPs were told yesterday. The business secretary, Lord Mandelson, has already given his backing to the recommendations of an

A.M. Best Affirms Ratings of PartnerRe Group, Its Members and - PR Inside
The ratings reflect PartnerRe’s excellent business profile, strong risk-adjusted capitalization and strong enterprise risk management practices. PartnerRe is a global provider of multi-line reinsurance, and its competitive position benefits from

Alliance Imaging Announces Name Change to Alliance HealthCare - Earthtimes
NEWPORT BEACH, Calif. - (Business Wire) Alliance Imaging, Inc. (NYSE:AIQ) (”the Company”), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced today that its Board of Directors and shareholders have

Obama: A fresh chapter in American history - Vanguard
By the time you pick up this newspaper this Tuesday morning, America will still be asleep. Most of them anyway. But certainly not Barack Obama. He would have been up as early as 6 am Eastern US time. It will be easy to imagine his mood. He will be

American International Group names Monika Machon Chief Investment - RTT News
(RTTNews) - Insurance and financial service provider American International Group, Inc. (AIG: News ), Tuesday appointed Monika Machon as its Senior Vice President and Chief Investment Officer, responsible for AIG’s portfolio management across all of

DIY Debt Collection and Settlement using VoIP - TMCnet
CallFire™ today announced a new webinar series, entitled “Do-It-Yourself Debt Collection”. The free 2-part webinar series will be hosted by seasoned CallFire sales associate Tina Rani. The webinar aims to educate small-to-medium size business

Monika Machon Named AIG Senior Vice President and Chief Investment - Businesswire.com
NEW YORK–( BUSINESS WIRE )–American International Group, Inc. (AIG) has named Monika M. Machon AIG Senior Vice President and Chief Investment Officer, responsible for insurance company portfolio management across all asset classes, succeeding Win J

A.M. Best Affirms Ratings of PartnerRe Group, Its Members and - MSN MoneyCentral
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings of aa- of PartnerRe Group (PartnerRe) (Hamilton, Bermuda) and its members. Concurrently, A.M. Best has affirmed the ICR of a- and

Europe faces raft of credit downgrades - WTOP Radio
MADRID, Spain (AP) - As European governments look to spend their way out of recession, many could face credit downgrades, experts warned Tuesday, citing the case of Spain _ one of the continent’s economic success stories which was this week stripped

Greece sells 2 bln eur T-bills, 52-wk yield 2.67% - Forbes
ATHENS, Jan 13 (Reuters) - Greece’s Public Debt Management Agency (PDMA) said on Tuesday it sold a total of 2.0 billion euros ($2.68 billion) of 13-, 26- and 52-week T-bills. The auction produced a uniform yield of 2.67 percent for the 52-week T-bill

Op-Ed: Ghost Towns, Ghost Malls - MSN MoneyCentral
JC Penney Co Inc ( JCP ) Stock Quote , Chart , News , Add to Watchlist Editor’s Note: James Quinn is a senior director of strategic planning for a major university. James has held high-level financial positions with a retailer, homebuilder and a

UPDATE 1-Slovakia says eurobond issue unlikely in 2009 - FXStreet.com
VIENNA, Jan 20 (Reuters) - The chances of Slovakia selling a foreign-listed eurobond in 2009 are minimal due to unfavourable market conditions and strong demand for its domestic debt issues, the state debt agency said on Tuesday. Slovakia saw strong

Industry Veteran, John Baldo, Joins Cantor Fitzgerald’s Debt Capital - Businesswire.com
NEW YORK–( BUSINESS WIRE )–Cantor Fitzgerald & Co. announced today that John Baldo has joined its Debt Capital Markets team as Senior Managing Director and Head of National Fixed Income Sales. He will be responsible for further building on the firm

COLUMN-U.S. & UK on brink of debt disaster: John Kemp - Forbes
LONDON, Jan 19 (Reuters) - The United States and the United Kingdom stand on the brink of the largest debt crisis in history. While both governments experiment with quantitative easing, bad banks to absorb non-performing loans, and state guarantees

Newalta tamps down spending: delaying equipment orders, slashing capex - 680 News
CALGARY - Newalta Inc. (TSX:NAL) is slashing capital spending and pushing down other costs across the board. The industrial waste management services provider said Monday its capital expenditure in the first half of 2009 will be $15 million, compared

Citi Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share - WebWire
Full Year 2008 Revenues of $52.8 Billion, Net Loss of $18.72 Billion New York, NY. Citigroup Inc. ( NYSE: C ) today reported a net loss for the 2008 fourth quarter of $8.29 billion, or $1.72 per share, based on 5,347 million shares outstanding

Insight: Swedish model for western banks - Financial Times
As newspaper headlines are full of stories about more forced capital injections by governments into leading American and British banks, it has surely become time to end the present ad hoc approach to the intensifying banking crisis. In the US and

Top U.S. banks post huge losses as BofA gets aid - Reuters UK
NEW YORK (Reuters) - The U.S. government extended $20 billion of new aid to Bank of America Corp hours before both the largest U.S. bank, and the country’s third largest, Citigroup, reported multibillion-dollar losses from the ongoing global credit

Health Management Associates, Inc. to Present at the 27th Annual J.P - PR Inside
Health Management Associates, Inc. (NYSE:HMA) announced today that its management will give a presentation at the 27th Annual J.P. Morgan Healthcare Conference to be held January 12 - 15, 2009 at the Westin St. Francis Hotel in San Francisco

Tax consequences of debt management - a growing accounting challenge - CNW Group
January 12, 2009, 8:30 - 4:30 Crowne Plaza Don Valley, Toronto >> TORONTO, Jan. 12 /CNW/ - Tax experts Evelyn Jacks and Alan Rowell from The Knowledge Bureau will cover all the changes affecting the 2008 T1 - and everything that Canadian accountants

Citigroup s Pandit Tries to Save the Little That s Left to Lose - Bloomberg
Jan. 17 (Bloomberg) — Citigroup Inc. shareholders aren t buying Vikram Pandit s attempt to salvage the bank by splitting it in two. Citigroup shares tumbled to a 16-year low on Jan. 16 after Pandit, the U.S. bank s 52-year-old chief executive

Weak regulation adds to slowdown impact - Gulf Times
KUWAIT CITY: Kuwait s weak financial regulation is compounding the effects of the global credit crisis, unsettling investors there and threatening the government s attempts to diversify its oil-driven economy. A series of bombshell announcements

Circuit City set to close its doors - Centre Daily
A patron enters the Circuit City store in Patton Township on Friday. The company announced it is closing its remaining 567 stores in the U.S., leaving 34,000 people unemployed. Friday, announcing it will shut down its remaining 567 U.S. stores

Mugging Bank of America - Wall Street Journal
So much for being a good corporate citizen. Bank of America CEO Ken Lewis earned kudos last year for stepping into the breach when the mortgage market and Wall Street cratered. BofA’s purchase of Countrywide Financial and its September agreement to

Citigroup splits in two, B of A gets gov’t aid - Khaleej Times
NEW YORK - Citigroup Inc plans to split into two units and Bank of America Corp took $20 billion in government aid after the two banks suffered huge quarterly losses from the worsening credit crisis. The world’s major banks continued to strain under

Credit counseling - Daily Herald
If you’re not in deep debt, I’m sure you have one friend or family member — if not more — who is. Before we entered this recession, Americans were piling charges on their credit cards, and a 6.7 percent unemployment rate (as of Dec. 5) certainly

Wise investors should focus on company cash, debt - Forbes
In the middle of a deep recession, corporate America is just like the rest of us: We all want cash in our pockets. Since many companies are struggling to manage cash and debt, it’s as important as ever for investors to look closely at company balance

Montgomery sees off Mecom boardroom revolt - Financial Times
Mecom , the European newspaper group, is at the centre of an extraordinary boardroom row leading to a mass resignation of its directors on Friday. David Montgomery, executive chairman, defeated a boardroom revolt by five non-executive directors and

Christine Tierney: World auto view - Detroit News
Alone among the countries with big auto-making industries, Japan has not offered aid to its car manufacturers even though they, too, are struggling in a severe global downturn. China, Germany, France, Russia and the United States all have announced

RiverSource, Invesco Notes Wiped Out After Loan Drop (Update2) - Bloomberg
Jan. 16 (Bloomberg) — RiverSource Investments LLC, Invesco Inc. and PPM America Inc. liquidated funds that bought high- yield, high-risk loans, wiping out investors, Fitch Ratings said. There has been a complete loss to the income notes and unit

Bank of America Slides After Quarterly Loss, Bailout (Update1) - Bloomberg
Jan. 16 (Bloomberg) — Bank of America Corp. , the largest U.S. bank by assets, slid 14 percent in New York trading after posting its first loss since 1991 and receiving emergency government funds to ease the acquisition of Merrill Lynch & Co. The