Boston Business Daily

Debt News

European shares ease, FTSE gains Monday, March 8, 2010 @ 3:02PMEuropean shares slipped on Monday, snapping six days of gains.
ICG offers stock, notes to fund tender offers Monday, March 8, 2010 @ 3:02PMSCOTT DEPOT, W.Va. -- International Coal Group says its selling stock and notes to fund the repurchase of debt. ICG said Monday it began public offerings of up to 21.2 million shares of common stock, $75 million in convertible notes due 2017, and $200 mill...
Standard&Poor's affirms DirecTV rating Monday, March 8, 2010 @ 3:01PMStandard&Poor's said Monday it affirmed all ratings, including the "BBB-" corporate credit rating, on satellite TV operator DirecTV Inc.
Stocks climb, Treasuries fall, dollar strengthens on jobs data Monday, March 8, 2010 @ 3:01PMStocks climbed, Treasuries retreated and the dollar strengthened as a smaller-than-estimated decrease in U.S. jobs added to evidence the global economic recovery is accelerating.
Franklin family expanding dairy business Monday, March 8, 2010 @ 3:00PMFRANKLIN TWP. - Lindsay Fischer vowed that after high school, she would never again work on her family's dairy farm.
Dubai World's debts plan eases fears Monday, March 8, 2010 @ 3:00PMDUBAI: Hopes of progress this week on Dubai World's $26 billion debt restructuring lifted stocks and eased fears of default, but potential divisions emerged among creditors to the state-owned conglomerate.
Judge: No change of venue in Fairfield city councilman's murder trial Monday, March 8, 2010 @ 3:00PMVALLEJO — Solano County Superior Court Judge Robert Bowers this morning denied a defense request to relocate the murder trial of a city councilman to another county.
Centerline Capital restructures debt Monday, March 8, 2010 @ 3:00PMCenterline Capital Group said Monday it has completed a series of deals that allows the real estate asset management firm to substantially restructure its outstanding debt.
Clashes in Athens as Greek PM seeks EU debt help Monday, March 8, 2010 @ 3:00PMATHENS, GREECE — The Greek parliament approved new spending cuts and taxes Friday aimed at defusing the country's debt crisis, while protesters opposed to the measures fought with police outside. Prime Minister George Papandreou headed abroad to seek European leaders' support for his efforts.
Ukraine's leading English-language newspaper since 1995 Saturday, March 6, 2010 @ 1:13AMAn injured riot policeman, second left, escorted by his colleagues, heads into the Council of State, Greece's highest administrative court, after an attack by masked youths in central Athens on March 5.
BUSINESS BRIEFS Saturday, March 6, 2010 @ 1:12AMBank of America Merrill Lynch promoted four executives in its capital-markets unit following January's reorganization that named Alastair Borthwick and Lisa Carnoy co-heads of global capital markets.
LoBiondo: Partnerships are key Saturday, March 6, 2010 @ 1:12AMVINELAND -- Partnerships between government and private business are the key to economic recovery for South Jersey, U.S. Rep. Frank LoBiondo told the Greater Vineland Chamber of Commerce on Friday.
Of Greed, Greece and Wall Street! Saturday, March 6, 2010 @ 1:12AMBy Jean H Charles In the Greek mythology, Artemis was the goddess of chastity, yet because of her strong advocacy to the mission she would occasion damage much greater than the cause she purported to ...
Regulate Nonbank Financial Institutions, Say Consumer Groups Saturday, March 6, 2010 @ 1:10AMWASHINGTON -- While much of the Congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the scenes over whether and how to regulate payday lenders, debt collectors, check-cashing outlets, title and installment lenders and even pawnbrokers.
Vineland man arrested after drugs found at police station Saturday, March 6, 2010 @ 1:10AMVINELAND -- A city man who turned himself into police on a robbery charge Wednesday brought some marijuana with him to the police station and now also faces a drug possession charge, authorities said Friday.
Daybook Saturday, March 6, 2010 @ 1:09AMToday
Iceland braces for consequences of Icesave vote Saturday, March 6, 2010 @ 1:07AMAmid allegations of bullying and profiteering by bigger nations, angry Icelanders are expected to deliver a resounding slap down this weekend to plans to use taxpayer money to pay off the tiny island nation's international debts.
Iceland braced for Icesave backlash Saturday, March 6, 2010 @ 1:06AMAngry Icelanders went out to vote determined to give the government a bloody nose over plans to use £3.5 billion of taxpayers' money to pay Britain and the Netherlands for lost deposits when a m...
Markey wants to curb spending, lower health care costs Saturday, March 6, 2010 @ 1:06AMSTERLING — Government spending and health care reform were two areas U.S. Rep. Betsy Markey, D-Fort Collins, touched on when she visited Sterling on Wednesday.
Lessons from Buffett and Packer Tuesday, March 2, 2010 @ 8:17PMMany fortunes are built with a value-based approach. Kerry Packer is a great example.
Daylight Resources Trust Reports Year End 2009 Financial and Operating Results-Reserve Additions Replace 600% of ... Tuesday, March 2, 2010 @ 8:17PMCALGARY, ALBERTA--(Marketwire - March 2, 2010) - Daylight Resources Trust (TSX:DAY.UN) Q
Senate breaks logjam to restore jobless aid Tuesday, March 2, 2010 @ 8:15PMHighway money and jobless funds are set to flow again after the US Senate ended a stand-off that disrupted benefits for hundreds of thousands of unemployed Americans
Japan’s Bond Futures Near Highest This Year on Slowing Recovery Tuesday, March 2, 2010 @ 8:15PMMarch 3 (Bloomberg) -- Japan’s 10-year bond futures were near the highest level this year as signs the global economic recovery is slowing boosted demand for government debt.
Dollar Falls for Second Day on Bets Fed to Keep Rates Near Zero Tuesday, March 2, 2010 @ 8:15PMMarch 3 (Bloomberg) -- The dollar fell for a second day against the euro as traders increased bets the Federal Reserve will keep its target interest rate near zero to sustain a recovery in the world’s biggest economy.
Committee to spend five months reviewing "unsustainable" pension system Tuesday, March 2, 2010 @ 8:14PMTuesday, March 2 nd , 2010. Issue 09, Volume 14. RIVERSIDE - A committee made up of representatives from various departments and unions will spend the next five months reviewing alternatives to Riverside County's pension system, which one supervisor called "unsustainable."
Deal for UK leaders' election debates Tuesday, March 2, 2010 @ 8:13PMAn historic deal has been reached between political parties and broadcasters in Britain for the three TV debates between the party leaders during the election campaign.
The Investigators - WANTED: Charles McKuhn Tuesday, March 2, 2010 @ 8:13PMAction News 5's Andy Wise is on a manhunt for a Bartlett, TN, debt-buyer whose scam has bilked hundreds of victims in four states.
Greece to unveil another austerity plan: Salary cuts, tax increases Tuesday, March 2, 2010 @ 8:11PMLONDON -- Seeking to quell fears of a debt default that could rattle world markets, the Greek government is set to unveil a new round of austerity measures Wednesday, a move aimed at shoring up its finances and winning support for aid from its European neighbors.
Aussie Short-Term Notes to Slide as RBA Just Starting (Update1) Tuesday, March 2, 2010 @ 8:11PMMarch 3 (Bloomberg) -- Australian shorter-term bonds will fall at a faster pace than longer-dated government debt as the central bank increases interest rates faster than the market’s “benign” expectations, ING Investment Management said.
credit card reform may shock some Sunday, February 21, 2010 @ 12:41PMFILE - In this April 26, 2006 file photo, credit card signs are posted outside a New York parking garage. A law hailed as the most sweeping piece of consumer legislation in decades has helped make it ...
Despite reforms, costly loans and cards remain Sunday, February 21, 2010 @ 12:41PM(AP:NEW YORK) You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that takes effect Monday was supposed to prevent banks from employing tactics that yanked borrowers deeper into debt.
Editorial: Modest Won't Do It Sunday, February 21, 2010 @ 12:40PMIntellpuke: This editorial appeared in the New York Times edition for Sunday, February 21, 2010.
MEA power to start in June Sunday, February 21, 2010 @ 12:40PMAfter years of planning, numerous studies and contentious debate, the Marin Energy Authority took a giant leap earlier this month.
Nestlé chief executive Paul Bulcke is not one for a break, but he loves his Kit Kat Sunday, February 21, 2010 @ 12:39PMOpaque. Complacent. Overly secretive. Intentionally vague. Dismissive. Paul Bulcke must sometimes wonder what he has to do to silence the critics.
Schlumberger to Buy Smith for About $11.3 Billion (Update2) Sunday, February 21, 2010 @ 12:37PMFeb. 21 (Bloomberg) -- Schlumberger Ltd. , the world’s largest oilfield services company, will buy Smith International Inc. for about $11.3 billion in an all-stock transaction, gaining sole ownership of the biggest drilling-fluids provider.
Can low-paying garment industry save Haiti? Sunday, February 21, 2010 @ 12:36PMJordanie Pinquie Rebeca leans forward and guides a piece of suit-jacket wool and its silky lining into a sewing machine, where — bat! bat! bat! — they're bound together to be hemmed.
NZ dollar pushes back above 70 US cents as Fed talks down early exit strategy Sunday, February 21, 2010 @ 12:35PMThe New Zealand dollar pushed back over 70 US cents after regional Federal Reserve officials talked down tighter monetary policy, despite a hike in the discount rate last week.
Dave Johnson: Create Real Jobs That Pay Off: Update Our 1970'S Infrastructure Sunday, February 21, 2010 @ 12:34PMThis post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture as part of the Making It In America project. I...
Economic Outlook: Gains On Muted Staging Thursday, February 18, 2010 @ 7:26AMPositive economic data pushed U.S. stocks higher Wednesday for what is a rare event these day: Two consecutive days of gains. Two consecutive days of anything is rare these days, not to put too fine a point on it.
Greece’s Goldman Deal Was Known in 2002 Thursday, February 18, 2010 @ 7:26AMAs the European Union readies a bailout of Greece, some observers have been speculating about the role Goldman Sachs played in helping the country hide its enormous debt levels through complicated swap transactions.
Record Numbers Declared Insolvent in the UK, Report Baines & Ernst Thursday, February 18, 2010 @ 7:25AMMANCHESTER, UNITED KINGDOM--(Marketwire - Feb. 18, 2010) - Following the news that record numbers of people are being declared insolvent in the UK, Baines & Ernst are today advising people to seek help with managing their debts.
CV bond vote aimed at technology, infrastructure Thursday, February 18, 2010 @ 7:24AMWith a bond issue at stake Tuesday, campaigns for and against the measure are making their positions loud and clear in the Chippewa Valley school district.
Deficit Panel To Tackle Worries Of Federal Debt, Including Health Spending Thursday, February 18, 2010 @ 7:24AMThe New York Times reports that President Obama's appointment of a special panel to study the nation's debt will come "(a)fter decades of warnings that budgetary profligacy, escalating health care costs and an aging population would lead to a day of fiscal reckoning." The system "has Medicare, Medicaid and Social Security costs growing at unsustainable rates and an inefficient tax system that ...
Editor's Notebook Thursday, February 18, 2010 @ 7:24AMLong time national war correspondent Mike Boettcher, a Ponca City native and graduate of The University of Oklahoma, spoke recently at the Oklahoma Press Association meeting in Midwest City.
Greece facing Goldman Sachs debt deal scrutiny Thursday, February 18, 2010 @ 7:24AMThe practice wasn't secret and it wasn't illegal, and some of it happened 10 or 15 years ago. But the practice of European governments reportedly using complex financial transactions to move debt off their books is getting...
Regeneron Reports Full Year and Fourth Quarter 2009 Financial and Operating Results Thursday, February 18, 2010 @ 7:23AMTARRYTOWN, N.Y., Feb. 18 /PRNewswire-FirstCall/ -- Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) today announced financial and operating results for the full year and fourth quarter of 2009.
Clive Maund: Unlocking Profits with Technical Analysis Thursday, February 18, 2010 @ 7:23AMWhich camp are you in, inflation or deflation? While Mr. Market labors under the pressures of both and the burgeoning weight of artificial stimuli, Clive Maund, a 30-year veteran of technical analysis, is positioning himself for gains either way.
HCA Reports Fourth Quarter and Year End 2009 Results Thursday, February 18, 2010 @ 7:23AMNASHVILLE, Tenn., Feb. 18 /PRNewswire/ -- HCA Inc.
Trustee backs probe of Tribune deal Wednesday, February 17, 2010 @ 10:01AMWith a pivotal bankruptcy hearing bearing down on Tribune Co., the U.S. trustee's office overseeing the case has endorsed a call for an independent investigation of Sam Zell's $8.2 billion buyout of the company.The trustee's office supported a request by subordinated creditors that U.S. Bankruptcy Judge Kevin Carey appoint an examiner to review the deal. The filing by the trustee's office takes ...
When will interest rates rise? Wednesday, February 17, 2010 @ 10:00AMWhat's it going to take for long-term Treasury yields to climb again?