Debt Management News Archive

18-Apr-2009

 

  • GM readies all-equity offer for debt (Khaleej Times)
    DETROIT/NEW YORK - The Obama administration has directed General Motors Corp to prepare a new restructuring plan that would pay off bondholders and the automaker?s major union in stock in exchange for $48 billion in debt, people briefed on the plan said on Friday.


  • GM to convert $48B debt to equity (CNN Money)
    The ailing automaker was instructed by the Obama administration to prepare new restructuring plan sources said Friday.


  • Public debt declines (Daily News)
    The country?s total outstanding debt stock as a percentage of Gross Domestic Product (GDP), declined to 81.1 percent in 2008 from 85 percent in 2007. This was revealed at the launch of the publication on Public Debt Management in Sri Lanka -2008 which was held yesterday at the Central Bank.


  • Treasuries Head for Weekly Gain as Fed Purchases U.S. Debt (Bloomberg)
    April 17 (Bloomberg) -- Treasuries headed for the first weekly gain in a month after the Federal Reserve bought $16.17 billion of government debt in an effort to reduce borrowing costs and revive the world?s largest economy.


  • Voice Mobility Reaches Agreement with Debt Holders to Exchange Debt for Equity (T-Net British Columbia)
    Vancouver, BC, April 17, 2009--(T-Net)--Voice Mobility International, Inc. (TSX:VMY; FRANKFURT:VMY), a Vancouver-based developer and provider of carrier and enterprise messaging solutions, today announced an agreement has been reached with its debt holders to eliminate CAN$6.7 million in debt from the company's balance sheet.


  • McGraw Sues TX Debt Management Company (WHSV Harrisonburg)
    West Virginia Attorney General Darrell McGraw is suing a Texas company, accusing it of ruining the credit of at least 21 state residents who paid more than $30,000 for help lifting them out of debt.


  • MGM Mirage owes $70 million debt payment today (KTNV Las Vegas)
    MGM Mirage is expected to make another debt payment for CityCenter Friday.



      • Warning: main(http://sendmetraffic.net/lub8tr/lb/showlink.php?id=2) [function.main]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /hsphere/local/home/dbrumbau/debtroom.com/archives/Apr2009/archive-18Apr2009.php on line 20

      Fatal error: main() [function.require]: Failed opening required 'http://sendmetraffic.net/lub8tr/lb/showlink.php?id=2' (include_path='.:/usr/local/lib/php:/usr/local/lib/php/PEAR:/usr/local/share/pear') in /hsphere/local/home/dbrumbau/debtroom.com/archives/Apr2009/archive-18Apr2009.php on line 20