Mortgage and Financial News From 2008-1-18 Page 12

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  • Russia's North-West Telco '07 net seen up fourfold

    Reuters - Husnutdinova said on Friday the firm would use 7.8 billion roubles ($320.6 million) of the sale proceeds to refinance its current debt and fund its investment program and mergers and acquisitions. "NWT is currently studying possibilities of mergers ...
    2008-01-18 07:15:00

  • Fitch Rates Tennessee Valley Auth's $500MM Global Power Bonds 2008 ...

    CNBC - Net proceeds will be used to refinance existing debt. The bonds were priced Jan. 16, 2008 with Lehman Brothers and Merrill Lynch & Company acting as joint book-running managers. The Rating Outlook is Stable. Fitch's rating primarily reflects TVA's ...
    2008-01-18 01:13:00

  • How we cashed in before the crash

    Los Angeles Times - I saw friends with otherwise good judgment buying houses they couldn't afford, confident that they could refinance when their home values went up by double-digit annual rates. Others used home equity to pay for fancy cars, meals, vacations and other ...
    2008-01-18 06:42:00

  • Propex files for Chapter 11 after failure to refinance debt

    CNBC - WASHINGTON - Propex Inc., the world's biggest maker of carpet backing, filed for bankruptcy Friday, becoming the latest casualty of the slump in the U.S. housing market and the global credit crunch. The Chattanooga, Tenn.-based manufacturer filed for ...
    2008-01-18 02:46:00

  • CAPS could save up to $1 million for taxpayers - Cadillac News

    CAPS could save up to $1 million for taxpayersCadillac News,  United States - 6 hours agoFor the past couple months, the district has been paying attention to the market and it appears that the time is right to refinance bonds for various ...
    2008-01-18 12:55:19

  • The President’s Economic Stimulus Plan Is Only a Start - Center For American Progress

    The President’s Economic Stimulus Plan Is Only a StartCenter For American Progress, DC - 5 hours ago... Progress Action Fund proposes a refinancing vehicle for creditworthy homeowners who cannot refinance because they owe more than their house is worth. ...
    2008-01-18 01:08:34

  • Mortgage Rates Down for Third Consecutive Week - Consumer Affairs

    Mortgage Rates Down for Third Consecutive WeekConsumer Affairs - 5 hours agoIt also offers an opportunity for homeowners with good credit to refinance and take advantage of the low rates. Not surprisingly, US mortgage applications ...
    2008-01-18 01:20:57

  • Fitch Rates Tennessee Valley Auth's $500MM Global Power Bonds 2008 ... - Trading Markets (press release)

    Fitch Rates Tennessee Valley Auth's $500MM Global Power Bonds 2008 ...Trading Markets (press release), CA - 5 hours agoNet proceeds will be used to refinance existing debt. The bonds were priced Jan. 16, 2008 with Lehman Brothers and Merrill Lynch & Company acting as joint ...
    2008-01-18 01:21:01

  • Fitch Rates Tennessee Valley Auth s $500MM Global Power Bonds 2008 ... - InfoBolsa

    Fitch Rates Tennessee Valley Auth s $500MM Global Power Bonds 2008 ...InfoBolsa, Spain - 5 hours agoNet proceeds will be used to refinance existing debt. 16, 2008 with Lehman Brothers and Merrill Lynch & Company acting as joint book-running managers. ...
    2008-01-18 01:24:29

  • Symantec's APM Leaves Quietly - Byteandswitch.com

    Symantec's APM Leaves QuietlyByteandswitch.com, NY - 5 hours agoVector Capital reportedly will refinance Precise Software Solutions as a standalone company. Again, estimates on the level of Vector's spending aren't being ...
    2008-01-18 01:52:17

  • Compromises coming at Quebecor World - Globe and Mail

    Compromises coming at Quebecor WorldGlobe and Mail, Canada - 4 hours agoThere is also talk that a new bank may be willing to step in and help refinance the company, which is staggering under $2.5-billion of debt. ...
    2008-01-18 02:05:13

  • President Calls for $145 Billion Stimulus - Builder Magazine

    President Calls for $145 Billion StimulusBuilder Magazine, DC - 4 hours ago"Once equity is boosted it gives homeowners more options to refinance," Yun said, adding that the NAR estimates it can prevent 140000 to 210000 homeowners ...
    2008-01-18 02:29:36

  • Propex Files for Chapter 11 - Houston Chronicle

    Propex Files for Chapter 11Houston Chronicle, United States - 4 hours ago"We've been trying for the last quarter to refinance the business," Bridger said. But he said that proved impossible given the global credit crisis brought ...
    2008-01-18 02:54:20

  • Hyundai Capital kindles hope for bulging Samurai pipeline - IFR Asia

    Hyundai Capital kindles hope for bulging Samurai pipelineIFR Asia, UK - 2 hours agoThe borrower's needs for working capital – market talk puts it in the region of US$500m by the end of February – as well as a desire to refinance a ¥44bn ...
    2008-01-18 04:02:03

  • Market braces for PTP leverage funding part two - IFR Asia

    Market braces for PTP leverage funding part twoIFR Asia, UK - 2 hours agoThe transaction will fund the acquisition of a subsidiary of a Singapore-listed paper maker and also refinance a US$86m LBO for Plantation Timber Products ...
    2008-01-18 04:02:28

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