Debt Management News Archive

15-Feb-2009

 

  • GM Bondholders Seek to Minimize ?Free Riders? in Debt Exchange (Bloomberg)
    Feb. 15 (Bloomberg) -- General Motors Corp. bondholders are working with the automaker to craft a debt exchange that discourages investors from not participating, according to a person with direct knowledge of the discussions.


  • Las Vegas city hall plan moving ahead (San Francisco Chronicle)
    A proposal for a new Las Vegas city hall has moved forward. The Clark County debt Management Commission voted unanimously Friday to allow the city to seek up to $267 million in financing for the project. The project still needs approval from the state Tax...


  • Harley-Davidson roars after Buffett buys US$300M debt (National Post)
    Billionaire investor Warren Buffett?s Berkshire Hathaway Inc. agreed to buy US$300-million of debt from Harley-Davidson Inc., the biggest U.S. motorcycle maker, adding to holdings of corporate debt as yields rise.


  • Xstrata raising US5.9B to pay some debt (National Post)
    Mining group Xstrata Plc plans to raise about US$5.9-billion by issuing new shares to pay off some of a heavy debt burden that had worried investors.


  • Donald Trump resigned from the board of Trump Entertainment Resorts Inc., the debt-laden casino company he founded, ... (All About Jazz)
    ?I?m not managing it, it?s not me that?s responsible for managing,? Trump, who was chairman, said in a telephone interview today. ?Unless we?re going to be responsible for management it?s just not something that?s worthwhile.?


  • Trump Quits Trump Entertainment as Debt Payment Deadline Looms (Bloomberg)
    Feb. 14 (Bloomberg) -- Donald Trump resigned from the board of debt-laden Trump Entertainment Resorts Inc. as bondholders weighed forcing the casino company he founded into involuntary bankruptcy next week.


  • How to avoid getting hooked by debt-reduction schemes (Arizona Daily Star)
    Get rid of debt fast and easy, for pennies on the dollar.


  • Huge Debt Prompts Charter to Seek Bankruptcy (New York Times)
    After years of struggling with an ever-growing debt burden, Charter Communications is trying to clean up its balance sheet, The New York Times?s Michael J. de la Merced writes.


  • St. Francis Parish reaps benefits from wise fiscal management (SouthtownStar)
    St. Francis of Assisi Church in Orland Park is one of 18 parishes in the Archdiocese of Chicago chosen to participate in a debt reduction program.



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