11/11/2008 News For:
Debt Loans
KKR Financial Cuts Payout, Gets $400 Million in Loans (Update1) Nov. 10 -- KKR Financial Holdings LLC , the debt-investment affiliate of private-equity firm KKR & Co., halted its dividend and arranged $400 million in loans from banks and KKR to pay off other debts.
KKR Financial Cuts Dividend, Arranges $400 Million in New Loans Nov. 10 -- KKR Financial Holdings LLC , the debt-investment affiliate of private-equity firm KKR & Co., suspended its dividend and arranged $400 million in loans from banks and KKR.
Cal-Comp seeks loans in China Despite its high short-term debt, Cal-Comp Electronics Thailand Plc CCET, the SET-listed semiconductor maker, is aiming to obtain more loans from Chinese financial institutions to finance its new factory in China.
Debt Due in Europe Totals $2.1 Trillion Through 2011, S&P Says Nov. 11 -- Companies in Europe face ``substantial refinancing risk'' as a total $2.1 trillion of debt matures though 2011, according to a Standard & Poor's report.
Bank of America takes on $16.6B debt The bank has assumed debt from the previously acquired mortgage lender Countrywide as part of the integration process, according to a SEC filing.
HSBC Says U.S. Loans Still Cloud Its Outlook HSBC set aside $4.3 billion to cover bad loans at its American unit in the third quarter, more than analysts estimated, but still reported an increase in pretax profit.
Business Q&A: Debt company offers opportunity to advance Contacting people who have defaulted on their student loans doesn't sound like an easy job. But Account Control Technology, a debt counseling company that opened in San Angelo in 2007, has grown about 200 percent in the past 60 days, said company president Don Taylor.
Recent grads laden with debt Nicholas Swisher '08 is beginning to feel the pressure. With over $20,000 to pay back in student loans, the former Herald opinions editor is currently searching for a job to help him with his first few payments, which are coming up in a few months. Swisher, who worked for President-elect Barack Obama's campaign in southeastern Pennsylvania after graduation, plans to go to law school in two ...
HSBC Sets Aside $4.3 Billion More for U.S. Bad Loans (Update2) Nov. 10 -- HSBC Holdings Plc , Europe's biggest bank, said third-quarter profit rose even as it set aside a more- than-estimated $4.3 billion to cover bad loans in the U.S. and forecast ``further deterioration.''
Fed Defies Transparency Aim in Refusal to Identify Bank Loans Nov. 10 -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
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