Teck slashes dividend and costs, sells assets to pay Fording debt The Northern Miner (subscription), Canada - 10 minutes ago BT, TCK-N) debt burden just became abundantly clear: the major has canceled its annual dividend, slashed spending dramatically, and walked away from or sold ...
Nikkei down 3 percent, hits 3-week low on Wall Street, yen Reuters - 22 minutes ago Orix said on Thursday it would issue 150 billion yen ($1.6 billion) worth of convertible bonds, aiming to pay down short-term debt and raise investment ...
Lender hand The Sun, UK - 18 minutes ago The UK is plunging alarmingly into debt with the worst borrowing figures for 14 years. Figures out yesterday revealed net borrowing since April stands at ...
Opera patron Alberto Vilar convicted of fraud and money laundering Telegraph.co.uk, United Kingdom - 20 minutes ago However when the bubble burst in 2002, they were heavily in debt and stole money from clients to pay their bills. Vilar gave millions of dollars to the ...
Downturn 'to affect mental health' guardian.co.uk, UK - 25 minutes ago Job insecurity, redundancy, debt and financial problems are all proven to contribute to mental distress. "As more people come face to face with these ...
Economy takes it on the chin as markets, loonie, oil price plunge Metro Canada - Halifax, Canada - 19 minutes ago B) plunged 21 per cent after it suspended dividends on its common shares to help cut its massive debt. -The US Labour Department reported a jump in weekly ...
Stocks slide as hopes for automaker deal fade MarketWatch - 26 minutes ago ... Henry Paulson said the outgoing administration won't use some of the $700 billion from the Troubled Assets Relief Program to buy debt securities. ...
Nashville firm wants to purchase US Sugar land San Antonio Business Journal, TX - 10 minutes ago "When you buy the stock of a corporation, you assume all of its assets and liabilities, including debt, as well as what you pay shareholders. ...
Downturn 'to affect mental health' This is London, UK - 8 minutes ago Job insecurity, redundancy, debt and financial problems are all proven to contribute to mental distress. "As more people come face to face with these ...
Ninetowns Reports First Half 2008 Financial Results IT Business Net, CA - 23 minutes ago We also do not have any debt. These sufficient financial resources will enable us to weather the challenges from the global financial crisis and to continue ...
Fitch affirms IndusInd Bank's National LT rating The Asian Banker (subscription), Singapore - 36 minutes ago For further information please refer to the 14 November 2008 commentary, 'Fitch to widen notching of 3 Indian banks' hybrid debt national ratings', ...
Microsoft may raise debt for the first time Brisbane Times, Australia - 32 minutes ago Microsoft Corp. may sell debt in what would be the world's largest software maker's inaugural bond offering. Microsoft may offer senior unsecured debt ...
Is GM Too Big to Let Fail? Motley Fool - 34 minutes ago In a bankruptcy, the debt holders line up to come up with a restructuring plan so that they can maximize the return of their loans or obligations. ...
Jobless claims jump to 16-year high Journal and Courier, IN - 9 minutes ago Higher unemployment is expected to further fuel the downward spiral, as laid-off workers are more likely to fall behind on mortgage payments and other debt. ...
GMAC bank plan faces big challenges The Australian, Australia - 33 minutes ago GMAC'S plan to become a bank holding company is fraught with challenges, including a $US30 billion capital requirement that involves a massive debt ...
Tough times for Pakistan, regardless of IMF loan Saudi Gazette, Saudi Arabia - 35 minutes ago While IMF funding provides a short-term answer to Pakistans external debt problems, its balance of payments will remain stressed without serious structural ...
