Debt Settlement News
- (AFX UK Focus) 2008-11-18 23:25 New Issue-Cellco Partnership sells $3.5 bln in two parts Tuesday, November 18, 2008 @ 5:50PMNov 18 (Reuters) - Cellco Partnership, a joint venture of Vodafone Group and Verizon Communications , doing business as Verizon Wireless, on Tuesday sold $3.5 billion of two-part debt in the 144a private placement market, reported IFR, a Thomson Reuters publication.
- (AFX UK Focus) 2008-11-18 23:26 New Issue-Westar Energy sells $300 mln 10-yr in debt Tuesday, November 18, 2008 @ 5:34PMNov 18 (Reuters) - Kansas electric utility Westar Energy Inc on Tuesday sold $300 million in 10-year first mortgage bonds, said market sources.
- Transmile lenders may insist on cash Tuesday, November 18, 2008 @ 4:58PMPETALING JAYA: Lenders to Transmile Group Bhd are unlikely to settle for anything less than cash from the airfreight operator. “I don’t think they want to budge on that,” an analyst with a foreign brokerage said. “They will rather take a haircut than drag the issue of Transmile’s debt,” he said.
- After Bans, Tobacco Tries Direct Marketing Tuesday, November 18, 2008 @ 4:48PMFor decades, tobacco companies advertised on TV, radio, billboards and magazine pages. When the 1998 tobacco settlement put an end to that, they began targeting smokers online and in person. Now the industry spends twice as much on marketing as it did 10 years ago.
- Scotiabank to take $890 million hit in Q4 Tuesday, November 18, 2008 @ 4:36PMBank of Nova Scotia will face writedowns of $890 million, or $595 million after tax, in the fourth quarter thanks to extreme market volatility, the bank announced on Tuesday.
- Scotiabank provides information on fourth quarter writedowns of $595 million after tax Tuesday, November 18, 2008 @ 3:54PM Scotiabank today announced that its results for the fourth quarter ended October 31, 2008 will include charges of approximately $595 million after tax relating to certain trading activities and valuation adjustments.
- (AFX UK Focus) 2008-11-18 21:22 New Issue-Kroger sells $600 mln in 5-yr notes Tuesday, November 18, 2008 @ 3:50PMNov 18 (Reuters) - Kroger Co, the largest U.S. pure grocery chain, on Tuesday sold $600 million in five-year senior notes, reported IFR, a Thomson Reuters publication.
- AG settles with debt elimination marketers Tuesday, November 18, 2008 @ 2:08PMThe economic crimes division of the Florida attorney general’s office has reached a settlement with two individuals and two companies formerly associated with a debt elimination scheme.
- Suthers cracks down on mortgage fraud Tuesday, November 18, 2008 @ 1:37PMColorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago.
- Lancelot’s Hedge Funds Reach $8 Million Loan Accord (Update1) Tuesday, November 18, 2008 @ 12:47PMNov. 18 (Bloomberg) -- Five hedge funds owned by Lancelot Investment Management LLC that are liquidating in federal bankruptcy court agreed to accept $8 million from Texas Auto Brokers LLC to settle an $11 million debt.
