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Investors in OPI Pacific Finance should finally know this week the details of how and when they will get their money back from the financially troubled firm.
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Standard and Poor’s said it had upgraded its rating for Geneva Finance to CCC from CC after debenture holders voted for a NZ$23 million equity injection plan on Monday, but that it had kept the outlook on negative given a challenging economic environment for finance companies.
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“If you happen to be stranded on an island and you want someone there, you want Franklin Potts,” said Dr. Charles Delaney, associate professor of finance. “You can put him on an island with absolutely nothing, six months later pick him up and he’s gained weight.”
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McGraw Hill, publisher of BusinessWeek, announced Q1 revenue of $1.21 billion a 6.1 percent decline from $1.29 billion in the year-ago period. The bottom line was even worse, with net income falling 43.6 percent to $81.1 million. The decline can largely be attributed to weakness at S&P and the fall-off in the structured finance business. Revenue at the information and media unit, which includes …
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GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened — though results improved slightly in its struggling mortgage operations.
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Now, Senator Obama’s campaign is making it fairly clear that if he is the party’s nominee, Senator Obama intends to privately finance his bid for the White House. Saying that one interested in public funding but only if third-party …
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But at least some of the 1400 victims who are still owed money seven years after the bank failed say Pritzker is the wrong person for Obama to put in charge of the campaign’s finances when part of his campaign is about reforming the …
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Food, fuel, and finance. We mentioned a few weeks ago that these three investment themes intersect, interconnect, and generally get all tangled up. Expect more tangling this week. Let’s try to untangle them a bit for you today. …
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Google Stock Screener is an interesting new feature in Google Finance that lets you find stocks of companies based on custom investment criteria specified by you. For instance, you may want to know about technology related companies …
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Welcome to the 150th edition of the Carnival of Personal Finance. It amazes me to see the 150 number there. I had grand notions of tying all 115 accepted submissions into a good story. However, with the Comcast outage in my area …
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