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A Nebraska man facing felony charges stemming from almost $15 million in Las Vegas gambling debts is suing casino giant Harrah's Entertainment Inc. for alleged breach of contract, conspiracy and negligence.
Car parts maker TRW Automotive Holdings Corp. said Wednesday that subsidiary TRW Automotive Inc. priced a previously announced offering of $250 million of senior unsecured notes.
For the many GM watchers who were expecting a quarterly loss north of $2 billion from the automaker, the $1.2 billion loss it actually reported for the third quarter came as a pleasant surprise.
Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession.
Sprint Nextel Corp. said Monday it has paid off the $1 billion balance on its $4.5 billion credit line, helping the company's stock gain more than 10 percent.
Chip maker RF Micro Devices Inc. said Monday it has finished restructuring its debt, buying back $197 million in notes coming due next year. It also boosted its cash flow forecast.
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday.
Alliance HealthCare Services Inc. said Thursday it plans to offer $200 million in senior notes in a private offering and negotiate a new credit agreement with lenders so it can refinance debt.
Canadian Pacific Railway Co. is issuing about $379 million (400 million Canadian dollars) of notes that it could use for pension obligations and restructuring of debt.
Former NBA all-star Antoine Walker's lawyer says he's trying to resolve criminal charges stemming from more than $800,000 in gambling debts to three Las Vegas casinos.
Tribune Co., the owner of The Chicago Tribune, the Los Angeles Times and other news outlets, said Tuesday it will pay back $170 million worth of outstanding "debtor-in-possession" debt, which it took out to pay for Chapter 11 bankruptcy proceedings.
Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total of $5 billion.
The University of Minnesota Extension Service reports that an increasing number of farmers and lenders are using mediation to resolve farm debt issues.
Cracker Barrel Old Country Store Inc. said Friday that lenders have agreed to give the company more time to pay back a revolving credit facility and certain term loans, giving the restaurant chain operator greater flexibility for inventory management and cash flow.
Virgin Media Inc., the London-based provider of TV, Internet and phone services, said Wednesday the pricing has been set for an offering of 715 million pounds ($1.2 billion) in senior notes due 2019 from its subsidiary Virgin Media Finance PLC.
Netflix Inc. on Tuesday priced a senior notes offering.
Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.3 billion in stock and convertible debt to raise more cash.
YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders' stakes.
The company that owns Indiana's Hoosier Park casino and horse track and a Colorado casino, said that it didn't make interest payments to senior lenders as scheduled this week.
Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility.
In the latest sign CIT Group Inc. is struggling to avoid certain bankruptcy, the commercial lender has again sweetened an offer to restructure outstanding debt.
If Congress can't stop itself from spending the nation into everlasting debt, give the controls to somebody else.
The governors of Maine, New Hampshire and Vermont say they want assurances from FairPoint Communications Inc. that any debt restructuring by the company doesn't further erode customer service.
United Airlines said on Monday it plans to borrow $659.1 million against 31 of its planes, most of it to refinance debt from 2001.
Casino operator MGM Mirage said Thursday that it has ended a debt exchange offer because not enough debt holders accepted the deal.
I would like you to start reading this article with an open mind. Close your eyes for one moment and try to lift yourself outside the current realm of tax and spend philosophies.
Percentage of Credit Accounts 30 Days (or more) Past DueA recent analysis conducted by Experian® shows that individuals and families are falling further behind on their debt obligations.
Dollar Will be "Utterly Destroyed": Strategist (Video)The dollar will get "utterly destroyed" and become "virtually worthless", said Damon Vickers, chief investment officer of Nine Points Capital Partners.
Obama: Debt Could Fuel 'Double-Dip Recession'"I think it is important, though, to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession." -Obama
Obama: Too much debt could fuel double-dip recessionPresident Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
: Remaking America, Pelosi Style In the House these last ten months, four votes stand out for the historians and political scientists to ponder and dissect — the final votes on the $787 billion economic stimulus plan, the fiscal-year 2010 budget resolution, the cap-and-trade legislation, and, of course, health …
National Debt Now Tops $12 TrillionIt's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.
Obama: Too much debt could fuel double-dip recessionWith the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
Obama, Hu Avoid Discussions of U.S. Indebtedness to ChinaThe one issue aides say President Obama and China leader Hu Jintao didn't talk about was the communist nation's holding of $800 billion in U.S. treasury bonds.
China questions costs of U.S. healthcare reformGuess what? It turns out the Chinese are kind of curious about how President Barack Obama's healthcare reform plans would impact America's huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House questions.
Don Quixote and politics[Manila, Philippines] The man with his ever present and faithful side-kick Sancho Pancha, is known for his big dreams, his fertile imagination and consequent strange language and/or funny behavior.
Historical Parallels & IntersectionsIn the United States, in the autumn of 2008, the Presidential election was decided on the hoopla of hope and change drenched in hyperbolic rhetoric which effectively drowned journalistic decorum to maintain any pretence at integrity.
Am I Responsible For My Parents' Debt? [Collection Agencies]Jay's parents have gotten quite, uh, spendy with their retirement income, and now they've got a lot of debt they can't pay off.
U.S. Treasury Confident Congress Will Increase Debt CeilingRecord budget deficits are pushing the national debt closer to the $12.1 trillion statutory limit.
Financial Armageddon: A Growing DivideA picture that shows us the inevitable.
RealClearPolitics - Up Against a Wall of DebtWealthy societies everywhere face a similar dilemma. Debt is ballooning from already high levels. The Congressional Budget Office reckons the Obama administration's planned budgets would increase the debt-to-GDP ratio from 41 percent in 2008 to 82 percent in 2019.
Mark Steyn: Obama makes Bush his blame czarIt's now Obama's war, his jobless rate, his debt, etc.
So my Newsvine payout balance is sitting at a paltry $21.75, well below the $25 necessary for payouts. Right now, it tends to accrue about $0.08 per month, which would mean a long time before it surpasses that magical barrier. I need to do something about this.
US economy is growing once again The figures from the Commerce Department showed that a number of factors helped to lift the economy during the third quarter.
Healthcare & Our Natural RightsHealthcare & Our Natural RightsI was tweeted a news story this weekend and read with absolute astonishment about a petition started by Ohio Representative Dennis Kucinich that aims to declare healthcare a civil right.
Mortgage debt waived after bank can't find paperworkTwo weeks ago, a bankruptcy court in suburban New York did the unthinkable: It waived a homeowner's mortgage debt after the bank trying to foreclose on the home, couldn't submit any proof it had a claim on the property.
States crack down on pushy debt collectorsWINSTON-SALEM, N.C. - With many Americans in dire financial straits, states are cracking down to make sure aggressive debt collectors target only people who legitimately owe them money.
Farmers sell wives to pay debts in rural IndiaThe region is called Bundelkhand, spanning the two northern Indian states of Uttar Pradesh and Madhya Pradesh. It is here that drought, debt and desperation have pushed people to extremes. Some farmers work as bonded laborers for a lifetime to pay off their debts.
For US and Others, How Much Is Too Much Government Debt?Across all the Group of Seven rich nations, debt as a percentage of gross domestic product will rise in 2009, and probably stay elevated at least through 2012, according to International Monetary Fund data.
What's Another Trillion? | Track-A-'Crat: The Roll Call of Democratic DelinquencyEconomic illiteracy is the defining trait of Left-wingers, both as voters and representatives. Having denounced the philosophies of Adam Smith et al to be devastatingly "unfair" – which carries with it the implication of racism, just for good measure -, Barry and his croni …
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