"Reduce Debt"

Sprint shares slide after it announces $3bn cash call - Financial Times (Debt Reduction News)

tedthedj — Thu, 07 Aug 2008 15:31:36 +0000

Shares in Sprint Nextel dropped 11 per cent yesterday after the third largest US mobile operator unveiled a $3bn convertible offering and warned that subscriber losses would increase in the current quarter. The company, which surprised analysts with Read More

Georgia Gulf reported net sales of $849.8 million for the second quarter of 2008 compared to net sales of $851.9 million for the second quarter of 2007. The reduction in sales is primarily due to difficult market conditions in the U.S, partially Read More

The Rating Outlook is Stable. Approximately $1.6 billion of outstanding debt is covered by the ratings. The upgrade is driven by significant margin expansion, sales growth, and improved cash generation over the past two years, as well as some recent Read More

S&P Picks And Pans: Sun Microsystems, Microsoft, Yahoo, Viacom, Nortel - NBC 11 (Debt Reduction News)

tedthedj — Thu, 07 Aug 2008 04:31:36 +0000

JAVA’s March-quarter loss of $0.04 vs. $0.02 EPS is worse than our $0.14 EPS estimate. Sales fell 1% from the December-quarter, worse than our view, due to seasonal weakness and soft results in government, consumer, and telecommunications markets Read More

Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the board today and will leave the company completely as of September 30. Allco’s shares are trading at around 51 cents today, following a Read More

Funds manager Allco Finance Group Ltd has announced that executive director and deputy managing director Michael Stefanovski will step down. Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the Read More

Allco Finance Group Limited (AFG) announced executive director and deputy managing director Michael Stefanovski had resigned and would leave Allco effective 30 September 2008. Mr Stefanovski has recently played an integral role in the company’s Read More

MATTOON, Ill. — After Darren Robertson got laid off from his factory job, he and Julie Fitzpatrick, his girlfriend, ran up nearly $10,000 in credit card balances on food, gas, medical and heating bills. That’s when Fitzpatrick discovered a company Read More

Significant Developments: Healthcare Facilities - Reuters (Debt Reduction News)

tedthedj — Tue, 05 Aug 2008 18:30:45 +0000

HEALTHSOUTH Corp. announced that it has entered into an underwriting agreement with J.P. Morgan Securities Inc. in connection with the issuance and sale by the Company to J.P. Morgan Securities Inc. of 8.8 million shares of common stock of the Read More

Aug. 1 (Bloomberg) — Groupe Adeo SA , the French owner of the Leroy Merlin home-improvement store chain, agreed to buy Kingfisher Plc ’s Castorama Italy unit for 560 million euros ($872 million) in cash to bulk up in the country. Kingfisher rose as Read More

MacarthurCook wants to activate its poison pill - The Australian (Debt Reduction News)

tedthedj — Tue, 05 Aug 2008 01:30:42 +0000

PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More

S&P Picks And Pans: Sun Microsystems, Microsoft, Yahoo, Viacom, Nortel - NBC 11 (Debt Reduction News)

tedthedj — Tue, 05 Aug 2008 01:30:03 +0000

WHERE WOULD Marin General Hospital be without Sutter Health? I believe that MGH would not be the high-quality, financially sound hospital it is today if it was not part of the Sutter Health, a not-for-profit network. In 1996, when MGH became a Sutter Read More

MacarthurCook wants to activate its poison pill - The Australian (Debt Reduction News)

tedthedj — Mon, 04 Aug 2008 00:31:29 +0000

DEPTFORD TWP. Ð People In Transition, headquartered on the campus of Gloucester County College, is offering workshops during September and October for displaced homemakers and the community. To register and to learn the location of workshops, please Read More

Akron has been chosen — and challenged — as the first of four cities in the nation to become a ‘’Savings Community'’ in a special initiative by the U.S. Conference of Mayors and America Saves, a nonprofit group that encourages consumer savings Read More

MacarthurCook wants to activate its poison pill - The Australian (Debt Reduction News)

tedthedj — Sun, 03 Aug 2008 09:31:41 +0000

THE combination of rising interest rates and the global credit crunch has pushed the economy to the brink of recession. Consumers have reined in their spending and borrowing, while businesses are finding it hard to get the finance they need to Read More

LOS ANGELES (AP) - Media conglomerate Tribune Co. has appointed Steve Charlier as senior vice president of news and operations for the company’s broadcasting group. Tribune Broadcasting operates 23 television stations, WGN America on national cable Read More

Benetton considers Telecom Italia future - TeleGeography (Debt Reduction News)

tedthedj — Wed, 30 Jul 2008 12:30:44 +0000

Benetton considers Telecom Italia future
TeleGeography, DC - 1 hour ago
Telecom Italia CEO Franco Bernabe has proposed a fairly conservative strategy while the telco works to reduce debt, but some shareholders worry that it …

INTERVIEW Travis Perkins to cut back on new stores, axe jobs as …
Trading Markets (press release), CA - 3 hours ago
"Our main priorities going forward will be to reduce debt and conserve cash through a combination of lower overheads and a reduction in both working capital …

Converge Network Digest

Sprint Nextel sells cell towers to reduce debt
CNET News, CA - Jul 24, 2008
Sprint Nextel is selling more than 3000 cell phone towers in a deal that will bring in $670 million in cash for the beleaguered wireless operator. …
Sprint to Sell 3300 Cell-Phone Towers RedOrbit
all 59 news articles

Teck Cominco's outlook cut to negative on Elk
Hemscott, UK - 6 hours ago
Teck Cominco will incur $9.8 billion of debt to fund the transaction, necessitating that it reduce debt by almost $6 billion through 2010 to preserve the …

Denny's Corporation Reports Results for the Second Quarter 2008
MarketWatch - 16 hours ago
The strategic actions we have taken to optimize our business model, increase profitability and reduce debt are evident in our improving results. …

Mosaic’s credit rating lifted by Moody’s - Forbes (Debt Reduction News)

tedthedj — Tue, 29 Jul 2008 13:30:38 +0000

Moody’s Investors Service raised its debt rating of fertilizer chemicals company Mosaic Co. Monday, citing the company’s efforts to reduce debt and the strength of Mosaic’s cash flow because of high prices in the fertilizer market. Moody’s boosted Read More

The Cabinet yesterday approved the fresh cow milk price hike to Bt18 per kg, following pressure from over 1,000 milk cow farmers who blocked Phitsanulok Road early morning of Tuesday. Boxed milk prices could rise Bt1-Bt2 per unit. The increase would Read More

East Hampton In Debt? Billionaire NY Town Woes Highlight National … - WNBC (Debt Reduction News)

tedthedj — Sat, 26 Jul 2008 11:30:06 +0000

East Hampton In Debt? Billionaire NY Town Woes Highlight National …
WNBC, NY - 17 hours ago
Residents may not favor the other options to reduce debt aside from borrowing, which involve cutting services such as curbing employee benefits, …