Bloomberg - AbitibiBowater said it expects to generate as much as $500 million from the sale of U.S. timberlands and other assets and intends to use the money to reduce debt. Among the permanent closings are mills in Shawinigan, Quebec, and Dalhousie Read More
CNBC - Proceeds will be used to repurchase […]

Globe and Mail - between Abitibi Consolidated and Bowater Inc. The merger was based in part on the potential savings from combining the two companies’ operations. The company said it would put proceeds from asset sales toward its three-year $1-billion debt-reduction Read More
Earthtimes - The redemption agent for […]

Fitch Downgrades Transocean to 'BBB'; Rating Outlook StableBusiness Wire (press release), CA - Nov 27, 2007This additional flexibility should allow the company to further reduce debt if market conditions weaken materially from current levels. …

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Military bonuses can help reduce debtLawrence Journal World, KS - Nov 27, 2007By Michelle Singletary Money is a powerful motivator. Just ask […]

Tampa Bay Business Journal - Atlantic Power buys Pasco power plant [Tampa Bay] Greenstreet plans to buy TECO Transport for $405M [Tampa Bay] Tampa Bay CVB changes names [Tampa Bay] TECO Energy Inc. said it would begin a series of debt tender and exchange offers as part of its Read More
Reuters […]

Forbes - Hughes also said that as you reduce debt, you should keep a cash reserve to avoid running out of money. Otherwise, after running down a credit card debt, you could quickly fall back into the red. (To learn how to build this reserve, read “Build Read More
Detroit News - […]

Detroit News - It also seeks to reduce debt to $5.2 billion, down from $7.1 billion. Delphi’s former parent was to initially have received $2.7 billion in cash as a settlement to resolve oustanding issues; it will now receive at least $750 million in cash, $1.1 Read More
PR Newswire - Realized […]

Morning Call - Lincoln said it will use the proceeds to reduce debt and repurchase stock. The transactions, subject to regulatory approval, are expected to close by the second quarter of 2008. Lincoln is a financial services company with $251 billion in assets under Read More
Times Online - Branson’s Virgin Group […]

dBusinessNews.com - alliance gives us another avenue to provide a great way for people to incorporate their debt strategy into their other financial programs so that they have an integrated approach to their life insurance, retirement, college savings and debt reduction Read More
Forbes - S&P said it could […]

CNBC - The company said its ability to remain solvent depends on restructuring to reduce debt in exchange for equity. TOUSA shares plunged to 25 percent to 19 cents in morning trading on the news. The New York Stock Exchange has informed the company it may Read More
Los Angeles Times - […]

United Press International - The company also received about $3.4 billion as an advance on the agreement to sell 50 percent of Tomskneft, used to reduce debt accumulated in acquiring Yukos assets. Rosneft spent about $26.6 billion to acquire Yukos assets at auction. Those Read More
Muscatine Journal - Continue to reduce […]