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Latest Equity Loan Bankruptcy news:Merrill says GM bankruptcy possible
General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.
Read more News Source - Reuters via Yahoo! News
Publish date - 16:45:26 07/02/08
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Does GM bankruptcy loom?
DETROIT – General Motors Corp will need to raise as much as $15 billion (U.S.) in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said today.
Read more News Source - Toronto Star
Publish date - 21:42:08 07/02/08
GM bankruptcy possible - Merrill
General Motors Corp will need to raise as much as US$15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the US car market continues to slump, Merrill Lynch has said.
Read more News Source - Stuff
Publish date - 18:49:11 07/02/08
Private-equity company makes bid for Krispy Kreme
Private equity company MGL Asset Management Group LLC confirmed Tuesday it offered to buy troubled doughnut maker Krispy Kreme Doughnuts Inc. for more than $477.5 million.
Read more News Source - AP via Yahoo! Finance
Publish date - 20:48:17 07/01/08
Better Think Twice
When you fall on financial hard times, the urge to turn to retirement assets as a source of cash is strong. Here are some critical nest-egg mistakes to avoid as the economy weakens.
Read more News Source - WallStreet Journal via Yahoo! Finance
Publish date - 21:21:14 07/04/08
Merrill says GM bankruptcy possible
By Soyoung Kim
Read more News Source - Reuters via Yahoo! Singapore News
Publish date - 17:37:31 07/02/08
Refco Banker Elsner, Flottl Convicted in Bawag Case (Update3)
July 4 (Bloomberg) -- Helmut Elsner , a banker for failed U.S. futures broker Refco Inc. , and investor Wolfgang Flottl were convicted today of misuse of funds that led to 1.72 billion euros ($2.7 billion) of investment losses at Austria's Bawag PSK Bank.
Read more News Source - Bloomberg.com
Publish date - 14:13:16 07/04/08
Got Debt? Explore Debt Relief Solutions
(ARA) - Everywhere you look you see news about the "credit crunch" and the mortgage foreclosure crisis and, if you're like most Americans, you're feeling the pinch too.
Read more News Source - Today's News-Herald
Publish date - 05:14:11 07/04/08
Watch List (June 29-July 5): Getting Out
In this week’s issue: Dan Gamel getting out of RV business; Post Properties mulling asset sales; Sam Zell mulling building sales in Chicago, LA; CIT Group getting out of residential funding; TierOne sells Florida loan portfolio; 1031 Trustee can...
Read more News Source - CoStar Group
Publish date - 16:31:16 07/02/08
Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
Read more News Source - Carteret County News-Times
Publish date - 10:38:32 07/03/08
Permanently Grounded
A helicopter school took student money and suddenly went bankrupt
Read more News Source - Tucson Weekly
Publish date - 00:12:26 07/03/08
Small banks playing to strengths in Maryland real estate slowdown
Bradford Bank said Tuesday it plans to reduce its mortgage lending staff to cope with a drop in real estate transactions. It's not alone, as other community banks face the loss of a chunk of their business.
Read more News Source - Baltimore Examiner
Publish date - 04:14:35 07/03/08
JPMorgan, Deutsche Bank Advance in M&A; Citigroup Holds Steady
July 2 (Bloomberg) -- JPMorgan Chase & Co. and Deutsche Bank AG won a bigger share of merger advisory business in the past year while Citigroup Inc. held its ground as demand for deal financing gave banks an edge over most securities firms.
Read more News Source - Bloomberg.com
Publish date - 05:38:41 07/02/08
Business briefs: Russell 2000 index removes PGT
Venice-based PGT Inc. was removed from the Russell 2000 index among 20 others in the materials and processing sector. Tacoma, Wash.-based Russell Investments realigns the index once a year, tracking what it maintains is 99 percent of the U.S. equity market.
Read more News Source - The Sarasota Herald-Tribune
Publish date - 14:28:52 07/03/08
Slumping sales cloud Big 3's prospects
This was supposed to be the year Detroit's automakers started to turn things around.
Read more News Source - Detroit News
Publish date - 05:27:47 07/02/08
BofA looks west after acquisition
Ten years after Bank of America Corp. emerged from a big California acquisition, the Charlotte bank is immersing itself in another West Coast blockbuster. Following the official closing Tuesday of its $2.5 billion purchase of Countrywide Financial Corp., Bank of America will keep its headquarters here, just like it did after the merger of Charlotte's NationsBank and San Francisco's BankAmerica. ...
Read more News Source - The Charlotte Observer
Publish date - 10:46:50 07/02/08
Wall Street slides into bear territory
WALL Street has been dragged into a bear market after General Motors tumbled and oil prices rose to new highs.
Read more News Source - The Australian
Publish date - 22:21:33 07/02/08
Home prices spiral into deepening abyss
The housing crisis is entering a new and frightening stage. On June 24, Standard & Poor's announced that the S&P/Case-Shiller 20-City Home Price Index had fallen more than 15% in April from a year earlier.
Read more News Source - WDAM-TV Hattiesburg
Publish date - 16:12:26 07/02/08
Orlando-area developer Kevin Azzouz battles bank over Veranda Park condos
Kevin Azzouz, the developer best known for trying to upgrade MetroWest with a $400 million Italian-style village center called Veranda Park, is facing financial troubles over the project's condominiums.
Read more News Source - Orlando Sentinel
Publish date - 10:17:44 07/02/08
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