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New Star attracts potential bidders More than 10 potential bidders have expressed interest in New Star, the troubled fund management group that this month agreed a debt-for-equity swap with its banks TelegraphBritish Vita in a standstill deal with lenders British Vita, the chemicals company, has agreed a standstill with lenders to avoid a breach on the terms of its debt and give it more time to consider options to recapitalise in the new year FTClock Ticks Down On GMAC Debt SwapForbes Some doubt GMAC move will help car buyersAZ Central The IRS is Making it Easier to Sell Or Refinance Homes With Tax Liens The options are simple. Taxpayers or the lenders may request that the IRS make a tax lien secondary to the lien held by the lending institution that is refinancing or restructuring a loan. Taxpayers for the lenders may ask the IRS to accept less then is actually owed to the IRS. ezinearticles.comEconomic crisis has small car sales making a U-turn Sales of small cars have taken the wildest ride in the auto business this year - first up, then down - and the gyrations may not be finished.Though gas prices tumbled, some automakers are trying to juice sales of fuel-thrifty economy cars by slashing starting prices to less than $10,000.Small-car sales doubled during the first half of the year as gas topped $4 a gallon. By the end of November, sales levels had tumbled 63% from the peak. Even with the drop, the segment is holding up better than others because overall vehicle sales are so weak. 'It's surprising,' says Ford Motor analyst George Pipas. No other vehicle segment saw such sales volatility in 2008. First, it was falling gas prices that slowed small-car sales. Now, it's the inability of recent college graduates and other price-conscious drivers to qualify for loans.'The credit market is squeezing first-time buyers out. They are getting laid off and being exposed to the economy more than others in their careers,' says General... CBC.caMortgage applications up 48 percent as interest rates dip As interest rates tumble, a growing number of Americans are applying for new home loans and refinancing their existing ones. BizJournalsDevelopers Ask U.S. for Bailout Big property developers are asking to be included in a new $200 billion loan program as a surge in commercial mortgages comes due. Real Estate JournalKeep chipping away at your debt WHEN IT'S OVER, I hope this recession will be known as the time when America lost its devotion to debt. Seattle Post-IntelligencerUse cash for refinance or debt payment? Should you apply extra cash to a refinancing, or use it to pay down debt? Dr. Don Taylor has the answer. Bank Rate1 2 |
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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