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Australian Private Sector Credit Rises in November
(CEP News) - Credit from Australian financial intermediaries increased by 0.4% in November, down from the prior month's +0.6% figure and below the 0.5% increase expected.
Economic News

Sand Technology reports $989,850 quarterly loss
Revenue was $1.2-million for the three months ended Oct. 31
The Globe and Mail

GMAC offers cheaper credit to car consumers
The financial arm of General Motors Corp., GMAC, has revealed plans to use some of its government bailout money to move car and truck inventories.
Big News Network

GMAC loosens credit to make vehicles easier to buy
Dealers are more hopeful that cash-strapped consumers will return to their showrooms.
AZ Central

Banks Await `Year of Reckoning`
European banks are bracing for a difficult 2009 as a rising tide of corporate bankruptcies adds to their problems with bad mortgage and credit-card loans.
Wall Street Journal

Economy Makes 2008 A Year To Forget
In 2008, stocks plunged, the economy shrank, oil prices spiked, the credit markets ground to a halt and major financial institutions breathed their last. At the end of the year, financial adviser Bernie Madoff was charged with running a $50 billion Ponzi scheme.
NPR

Mutual fund assets fall nearly 3% in November
NEW YORK (CNNMoney.com) -- The combined assets of the nation's mutual funds decreased by nearly 3% in November, according to a report released Tuesday. Since the start of the recession in December 200...
bignewsnetwork.com

TICC Capital Corp.: TICC Announces Full Repayment of Its Credit Facility
GREENWICH, CT (MARKET WIRE) TICC Capital Corp. (the 'Company') (NASDAQ: TICC) announced today that, following a period of concerted deleveraging of its balance sheet, it has now reduced to zero its outstanding borrowings under its credit facility with Royal Bank of Canada as agent and a lender and Branch Banking & Trust Company as an additional lender (the 'Credit Facility'). The Company also undertook steps to unilaterally terminate its Credit Facility, effective December 30, 2008, in accordance with its terms as a result of the completion of the repayment of its outstanding borrowings thereunder. The Credit
Marketwire.com

Calotto Capital Inc. Releases Third Quarter Financial Results
TORONTO, ONTARIO--(Marketwire - Dec. 30, 2008) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.Calotto Capital Inc. (TSX VENTURE:TTO.P) ('Calotto') has released its financial results for the third quarter ended October 31, 2008.The full text of the unaudited interim financial statements is included with Calotto's Quarterly Report posted on the SEDAR website at www.sedar.com.Calotto is a capital pool company governed by the policies of the TSX Venture Exchange. Calotto's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.
Marketwire

Economy Performed Worse Than Expected In `08
In 2008, stocks plunged, the economy shrank, oil prices spiked, the credit markets ground to a halt and major financial institutions breathed their last. At the end of the year, financial adviser Bernie Madoff was charged with running a $50 billion Ponzi scheme.
NPR

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