Gross Wins ?Game of Chicken? Shunning GMAC Debt Swap (Update1) (Bloomberg) Jan. 9 (Bloomberg) -- Bill Gross?s decision to back out of a $38 billion bond swap for GMAC LLC debt is paying off for his Pacific Investment Management Co. investors now that the U.S. government has bailed out the auto and mortgage lender.
Our experts' tips for '09 (Bankrate.com) 9 smart money moves on everything from debt management to real estate to taxes. As a new year dawns, Americans face a host of new economic challenges. Here are nine great moves you can make during a difficult time to save for a college education in 2009.
Napocor to pre-pay $1-b debt (Manila Standard Today) Power Sector Assets and Liabilities Management Corp. will pre-pay close to $1 billion of debt owed by National Power Corp. after receiving a 40 percent down payment for the sale of the government?s transmission assets.
Ruble May Drop on Debt as Market Opens After Holiday (Update2) (Bloomberg) Jan. 9 (Bloomberg) -- The ruble may fall when Russia?s financial markets open on Jan. 11 after a seven-day holiday as companies and banks demand foreign currency to repay more than $80 billion of debt this year, according to Societe Generale SA.
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