Debt Management News Archive

07-Jun-2009

 

  • Steel Vault Completes $500,000 Convertible Debt Financing With Support From Company's Management Team (Business Wire via Yahoo! Finance)
    DELRAY BEACH, Fla.----Steel Vault Corporation , a leading provider of identity security technology, products and services, announced today that it has issued a $500,000 convertible promissory note and a common stock purchase warrant to purchase up to 333,334 shares of Steel Vault's common stock at $0.30 per share to VeriChip Corporation .


  • FDIC eyes management shake-up at Citi: report (Reuters via Yahoo! News)
    Citigroup Inc's relationship with the Federal Deposit Insurance Corp is frayed, sources told Reuters, and the regulator wants to replace Chief Executive Vikram Pandit, the Wall Street Journal reported.


  • General Motors? Municipal Debt Holders Are in Limbo (Update1) (Bloomberg)
    June 5 (Bloomberg) -- Municipal bondholders with $700 million of General Motors Corp .-backed debt will have to wait until the company develops a plan to exit bankruptcy to find out how much, if anything, will be repaid.


  • Clark Howard: Debt-settlement firms -- help or hindrance? (CNN)
    Have you seen those ads being run by the debt-settlement outfits on bad late-night TV? Their promise is always the same -- to reduce your credit card debt to just pennies on the dollar without making you file for bankruptcy!


  • Fitch Comments on SVI?s Management Buyout (Thaipr.net)
    Fitch Ratings (Thailand) Limited has today said that SVI Public Company Limited?s (SVI) recent management buyout, tender offer plan and proposed financing structure are unlikely to have an immediate i


  • Boston Globe union attacks management before vote (AP via Yahoo! News)
    Days before a key contract vote, the president of The Boston Globe's largest labor union has accused management of requiring deep concessions from workers while making "wretched" business decisions and doing little to share in the cuts.



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