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AIG seeks change on loan terms: report (AP)
American International Group Inc. is preparing to ask the Federal Reserve to relax rules on how bidders pay for assets as it tries to repay a $60 billion loan, according to a report in the Financial Times Wednesday.
yahoo.com

New Va. payday lending law takes effect Jan. 1 (AP)
RICHMOND, Va. -- Some of the nation's most sweeping reforms on payday lenders will take effect in Virginia Thursday, but some short-term, high-interest lenders are getting around the new law by offering different types of loans.
yahoo.com

GMAC fails to hit debt swap target
GMAC, the financial services affiliate of General Motors that is receiving up to $6bn in federal aid, will cut its debt through a much-publicised debt swap, although participation in the exchange fell short of the company's target
FT.com

GM gets $4B loan, Chrysler waits
General Motors got the first $4 billion of a series of emergency loans from the U.S. Treasury Wednesday, but fellow struggling automaker Chrysler was still waiting as the new year rapidly approached.
Telegraph

General Motors gets first tranche of US loan
DETROIT (AP) -- General Motors Corp. received its first multibillion dollar loan installment from the U.S. Treasury Department Wednesday night, right in time to avert a financial disaster in which the struggling automaker may have been unable to sustain operations and pay suppliers....
The Arizona Republic

Mortgage rates in US fall to lowest level in decades
Washington - Mortgage rates for 30-year-fixed home loans in the united states fell for the ninth straight week and to their lowest level in 37 years, according to a report released Wednesday by financ...
Big News Network

Gazprom Prepares To Leave Ukraine Shivering
The Russian energy company is poised to cut off the gas supply to Kiev as disagreements regarding debt repayment and pricing persist.
Forbes

GMAC helped by $21.2B debt swap
Auto finance company GMAC on Wednesday announced the results of a vote that the company said would help it become better capitalized and viable for the future.
CNN

Revisiting a Classic: `Your Money or Your Life` (AP)
AP - There are countless personal finance books that advise readers on budgeting, investing and paying down debt. Few leave the tips aside and ask you to question your relationship with money and the reasons you spend what you do.
yahoo.com

US mortgage rates fall to lowest level in decades
Mortgage rates for 30-year-fixed home loans in the US fell for the ninth straight week and to their lowest level in 37 years, according to a report released Wednesday by financier Freddie Mac.
Big News Network

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Archived "business - debts loans" news stories.

Available news archives.

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