Debt Management News Archive

17-Dec-2008

 

  • (AFX UK Focus) 2008-12-17 10:19 CORRECTED-UPDATE 1-GMAC says 58 pct of debt tendered, extends deadline (Interactive Investor)
    (Corrects headline to read "58 pct of debt tendered" from "58 percent of debt target") Dec 17 (Reuters) - Auto and mortgage finance company GMAC LLC said about 58 percent of debt has been tendered and delivery time extended in response to investors' requests, a few days after it sweetened the terms of a much-needed debt exchange. The company is trying to swap $38 billion of debt for a smaller ...


  • Rising bankruptcy rates for N.L. seniors: debt counsellors (CBC Newfoundland and Labrador)
    More senior citizens are declaring bankruptcy than ever before, because of the availability of large amounts of credit, according to debt experts.


  • Investcorp Technology Partners acquires stake in UK debt management firm TDX Group (AME Info)
    Investcorp Technology Partners, the technology private equity arm of alternative investment manager Investcorp, has agreed to purchase a 40% equity stake in TDX Group, the UK's leading provider of analytics-based consumer debt management services, for approximately £28m.


  • Gartmore Investment Management, the UK fund manager owned by a private equity firm, is under pressure over its debt ... (eFinancial News)
    Gartmore Investment Management, the UK fund manager owned by a private equity firm, is under pressure over its debt pile, poor performance, redemptions and staff departures.


  • KKR names new CEO in management shake-up (Reuters via Yahoo! News)
    KKR Financial Holdings LLC, a publicly traded debt fund managed by private equity firm Kohlberg Kravis Roberts & Co, named William Sonneborn as its chief executive in a shake-up that saw two of its top executives resign.


  • Waste Management to raise dividends in '09 (AP via Yahoo! Finance)
    Trash hauling company Waste Management Inc. said Monday it plans to raise its 2009 quarterly dividends by more than 7 percent, as it allocates $1.3 billion for stock repurchases, acquisitions and debt reduction next year.


  • Official: State forced to pay higher interest on debt because of scandal (Chicago Tribune)
    The state of Illinois carried out its $1.4 billion offering of short-term general obligation bonds Tuesday an offering that it had been obliged to delay last week in the wake of the arrest of Gov. Rod Blagojevich on corruption charges and State Treasurer Alexi Giannoulias said the state is paying $20 million more in interest on the debt as a direct result of the Blagojevich scandal. ...



      • 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/Dec2008/archive-17Dec2008.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/Dec2008/archive-17Dec2008.php on line 20