Monthly Archives: August 2014

Grne Obtains $240k Loan From Amex – Yahoo Finance

The 22-Year-Old Entrepreneur Producing Reusable Sanitary Pads For Poor African Girls – Forbes

Barclay Paul Okari

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done GRNE Obtains $240K Loan From AMEX Green Endeavors, Inc. 59 minutes ago 0 shares SALT LAKE CITY, UT–(Marketwired – Aug 7, 2014) – Green Endeavors, Inc. ( PINKSHEETS ), a majority owned subsidiary of Nexia Holdings, Inc. ( PINKSHEETS NXHD ), announced that it has received a $240,000 from American Express Bank. The loan bears interest at 6% per year with repayment over 24 months.Richard Surber, CEO of Green Endeavors, stated, “Obtaining a loan of this size shows that we are credit worthy.I believe it is significant because it is establishing credit worthiness for larger conventional lending which will be critical for when we begin to scale up and build out or purchase new locations.” Mr.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/grne-obtains-240k-loan-amex-120000085.html

Fitch Expects to Rate Morgan Stanley Residential Mortgage Loan Trust 2014-1; Presale Issued – Yahoo Finance

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Education Department to ease college loan rules Education Department seeks to ease college loan rules for those with troubled credit histories By Andrew Taylor, Associated Press 1 hour ago 0 shares Content preferences Done WASHINGTON (AP) — The Department of Education said Thursday it will try to make it easier for students with troubled credit histories to get college loans. New rules would ease restrictions on college students seeking loans from the government’s direct loan program. The change would let people get loans more easily even if they have up to $2,085 in bad debt, and it would shorten the length of time their history of bad debt is scrutinized from 5 years to 2. Currently, students with that much “adverse debt” are automatically denied, though they can appeal and get loans if they demonstrate extenuating circumstances. Such borrowers may be required to have loan counseling. The department said about 370,000 more borrowers would clear the government’s credit check under the new standards.
Puedes ver la version sin traducir en http://news.yahoo.com/education-department-ease-college-loan-153134251.html

Education Department to ease college loan rules – Yahoo News

I had tried taking loans from the company but that was initially a challenge. I choose to grow the company organically by bootstrapping all the income that we made. The company is still internally funded but is actively looking for investors to help scale the company to the next level. What about your current revenues? We are now doing revenues of $ 300,000. Where is your manufacturing facility situated? The manufacturing facility is situated in Kitale in Western Kenya. I have a team of 34 members. 23 are full time employees while 11 are part time. I have 22 women in the team.
Puedes ver la version sin traducir en http://www.forbes.com/sites/mfonobongnsehe/2014/08/07/the-22-year-old-entrepreneur-producing-reusable-sanitary-pads-for-poor-african-girls/?ss=pharma

7 Ways To Deal With Bad Credit When Renting – Forbes

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Here are seven ways you can overcome your bad credit and still get that rental youre looking for: 1. Find a Guarantor or Co-Signer Ask a trusted friend or relative with good credit to cosign the rental application with you. While youll be the only one actually living in the apartment, your cosigner agrees to cover the payments in the event that you default on your rent. This can provide a landlord with the extra reassurance he needs. Of course, you dont actually want them to be forced to take over payments for you, so make sure the monthly rent is an amount you can comfortably afford. 2. Be Honest and Show Progress Sometimes, bad credit isnt a reflection of bad money management. You may have lost your job, suffered from medical problems or experienced another financial setback that was out of your control. If this is the case, be upfront about itbefore the landlord even runs your credit check.
Puedes ver la version sin traducir en http://www.forbes.com/sites/trulia/2014/08/07/7-ways-to-deal-with-bad-credit-when-renting/?ss=personalfinance

Therefore, Fitch applied a penalty of approximately 1.18x to the pool’s lifetime default expectations to account for this risk. RATING SENSITIVITIES After Fitch determines credit ratings through a rating stress scenario analysis, additional sensitivity analyses are considered. The analyses provide a defined stress sensitivity to demonstrate how the ratings would react to steeper MVDs than that assumed at issuance as well as a defined sensitivity that demonstrates the stress assumptions required to reduce a rating by one full category, to non-investment grade, and to CCCsf’. In its analysis, Fitch considered additional sMVD stress assumptions to those generated by the SHP model. These supplementary scenarios reflected base case sMVDs that aligned Fitch’s ‘Asf’ sMVD stress assumptions with peak-to-trough MVDs experienced in the U.S. during the recent financial crisis (2007 – 2009). This is consistent with Fitch’s view as described in its U.S. RMBS Loan Loss Model Criteria (dated December 2013, available on its website at http://www.fitchratings.com ) which associates the recent national housing recession and related performance observations with an ‘Asf’ stress. The result of this sensitivity analysis was included in the consideration of the loss expectations for this transaction. The sensitivity analysis resulted in a base sMVD of 19.4%, compared with the model projected 22.2%.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-expects-rate-morgan-stanley-195600917.html

Bangladesh police tear gas garment workers on hunger strike – Yahoo News

A link has been sent. Done Bangladesh police tear gas garment workers on hunger strike 1 hour ago View gallery Bangladeshi police detain head of Tuba Group Sramik Sangram Committee Moshrefa Mishu during clashes with Bangladesh police on Thursday fired tear gas and stormed a garment factory in the capital Dhaka where workers had been staging a hunger strike over pay, a union official said. The police, armed with batons, forced 400 workers to flee the factory where they had been holding a 10-day strike to demand back pay and a holiday bonus, the official said. Bangladesh’s garment industry, the world’s second largest, which supplies top Western retailers such as Wal-Mart and H&M, has a woeful history of poor pay and conditions for its four million workers. “Police fired tear gas and baton charged us, they forced us out of the factory, where we were staging the hunger strike,” said Moshrefa Mishu, head of Tuba Group Sramik Sangram Committee, which represents 15 garment unions. An AFP reporter at the scene saw workers running out of the factory crying due to the tear gas, while others were bleeding from head injuries. Angry at the police action, the workers then took to the streets, vandalising cars and buses and prompting officers to fire more rounds of tear gas, the reporter said. View gallery Bangladeshi Police evict striking garment workers from a factory in Dhaka on August 7, 2014 (AFP Pho The workers have been on a hunger strike on behalf of 1,500 employees who stitch clothes in five factories belonging to the Tuba Group in Dhaka’s Badda district. They are demanding three months’ of unpaid salaries and a bonus for the Eid al-Fitr holiday in the Muslim-majority country. The union announced an indefinite strike over the police response, describing it as unacceptable. “In protesting the atrocities and to press home our demands in full, we are announcing indefinite strikes in all factories,” Mishu told reporters just minutes before police detained her.
Puedes ver la version sin traducir en http://news.yahoo.com/bangladesh-police-tear-gas-garment-workers-hunger-strike-225455403.html

7 Steps In Dealing With Debt Collectors – Forbes

This Week In Credit Card News: 35% Of Consumers Have Debt In Collections; High Overdraft Fees – Forbes

According to a recent study , over a third of Americans have an average of about $5k of debt in collections. If youre one of them, this not only hurts your chances of getting a loan but also affects how much you pay for insurance and even your ability to get a job or promotion. Here are some things you can do: 1) Know your rights. Under the Fair Debt Collection Practices Act, there are a variety of limits placed on how debt collectors can contact you. For example, they cant contact you before 8 am or after 9 pm without your permission and you can forbid them either orally or in writing from contacting you at work. You can also request in writing that they no longer contact you at all. If you feel that a debt collector is violating these rules, harassing you, making false statements, or using other unfair practices, you can file a complaint on them to the Consumer Financial Protection Bureau. 2) Know what you can afford to pay. Thats either a lump sum to settle a debt or a monthly payment that you can afford.
Puedes ver la version sin traducir en http://www.forbes.com/sites/financialfinesse/2014/08/01/7-steps-to-deal-with-debt-collectors/?ss=personalfinance

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

SSBCI provides financing by providing cash collateral for small businesses that lack the necessary collateral to qualify for bridge loan. The new program will mitigate a lenders risk during the interim period before an SBA-guaranteed loan is in place, the department said. Most small businesses can qualify for Collateral Support Program, and most SBA 504 loan purposes qualify. Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

State fines local payday loan outlets – News – The State Journal-Register – Springfield, IL

Did not obtain official documentation of a borrowers income before making a payday or title-secured loan. Made an installment payday loan of more than 22.5 percent of the borrowers gross monthly income or made a payday loan of more than 25 percent of a borrowers gross monthly income. * TitleMax of Illinois Inc., Springfield, fined $7,000. A title-secured lender making an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. Lender did not obtain official documentation of a borrowers income before making a title-secured or payday loan. * TitleMax of Illinois Inc., Springfield, fined $1,000. A title-secured lender made an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. * TitleMax of Illinois Inc., Springfield, fined $4,250. Licensee charged a fee not allowed.
Puedes ver la version sin traducir en http://www.sj-r.com/article/20140802/NEWS/140809860/1994/NEWS?rssfeed=true

Fitch Affirms SLM 2013-4 Notes – Yahoo Finance

Please enter your Phone Number. Send Thanks! A link has been sent. Done Moody’s upgrades Greece’s credit rating By DEREK GATOPOULOS 1 hour ago 0 shares Content preferences Done ATHENS, Greece (AP) Moody’s ratings agency late Friday upgraded Greece’s government bond rating, predicting a gradual decline of its massive national debt. The agency is also citing a continued commitment by the bailed out country’s conservative-led government to improve public finances. In Friday’s announcement, the agency said it had raised the Greek rating by two notches from Caa3 to Caa1 still below investment grade. Greece is set to emerge from recession this year for the first time since 2008 after being rescued by an international bailout four years ago and imposing years of severe austerity measures. “The first factor behind the upgrade of Greece’s rating is Moody’s strengthened expectation that the general government debt to GDP ratio will start declining in 2015, after peaking this year according to Moody’s estimates at around 179 percent of (gross domestic product),” the agency said. “Moody’s considers that Greece’s fiscal outlook is more resilient than in the past.” Friday’s action follows a similar move made by rating agency Fitch in May.
Puedes ver la version sin traducir en http://news.yahoo.com/moodys-upgrades-greeces-credit-rating-212306003.html

Moody’s upgrades Greece’s credit rating – Yahoo News

If anyone needed more proof that the Great Recession changed peoples financial habits, consider that nearly 30% of Americans pay off their balances in full each month. Thats a 50% increase since 2008, according to the American Bankers Association. The ABAs data said that more than half of Americans now have a credit score of 759 or higher, compared to 41% in 2008. Middle and higher-income families have contributed to a larger paydown in credit card debt. [ Minneapolis Star Tribune ] What You Need to Know about Card Skimming Todays world of skimming is high-tech, and it wants your credit card and banking info. What is skimming? How does it work? What can I do to protect myself? What does the law say? Arm yourself against skimmers by taking an interest and protecting yourself by knowing a bit about them.
Puedes ver la version sin traducir en http://www.forbes.com/sites/moneybuilder/2014/08/01/this-week-in-credit-card-news-35-of-consumers-have-debt-in-collections-high-overdraft-fees/?ss=personalfinance

Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. Fitch has affirmed the following: SLM Student Loan Trust Series 2013-4: –Class A at ‘AAAsf’; Outlook Stable; –Class B at ‘A+sf’; Outlook Stable. A comparison of the transaction’s RW&Es to those of typical RW&Es for student loans is available by accessing the reports and links below: –‘SLM Student Loan Trust 2013-4 – Appendix’, dated August 5, 2013; –‘Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions — Amended’, dated April 17, 2012. Additional information is available at ‘ http://www.fitchratings.com ‘. Applicable Criteria and Related Research: –‘Global Structured Finance Rating Criteria’ (May 20, 2014); –‘Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria’ (June 23, 2014). Applicable Criteria and Related Research: Global Structured Finance Rating Criteria http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=843859 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: http://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘ http://WWW.FITCHRATINGS.COM ‘. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-slm-2013-4-180500305.html

Arsenal Defender Jenkinson Joins West Ham On Season-long Loan | Fox Sports

Fitch Affirms Blackstone/GSO Sr. Floating Rate Term Fund Sr. Notes & Preferred Shares at ‘AAA’ – Yahoo Finance

Wenger signs new three-year contract Jenkinson, who joined the Gunners from Charlton in 2011 and earned his only England cap against Sweden 18 months later, becomes the Hammers’ sixth summer signing joining Mauro Zarate, Enner Valencia , Cheikhou Kouyate, Aaron Cresswell and Diego Poyet. “I’m clearly seen as a big part of things here and hopefully I can prove my worth here because it is an important year for me,” saidJenkinson. “I was flattered to have a lot of options but deep down, if I was being honest with myself, West Ham was always the place I wanted to go to. “It’s one of them where I wanted to do the right professional thing and consider all the options, but in the back of my mind it was always West Ham and I’m just so glad it’s all worked out how I wanted it to in the end. “It will be brilliant to play here. I’ve got a lot of friends who are West Ham fans and I know how good the supporters are here. “You get a great atmosphere here and the fans are great, so I just can’t wait to get a West Ham shirt on and get on the pitch and play.” Jenkinson, who played for Finland at Under-17, Under-19 and Under-21 level before switching to the Three Lions, was swayed by the Hammers’ ambition to progress. “To be honest, that was a big swing in this for me, seeing this club is going in the right direction,” he explained. “Obviously the (Olympic) stadium plans are only a couple of years away and that’s going to improve this club massively.
Puedes ver la version sin traducir en http://www.foxsports.com/soccer/story/arsenal-defender-jenkinson-joins-west-ham-on-season-long-loan-080114

Fitch Rates Nelnet Student Loan Trust 2014-6 – Yahoo Finance

The fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital. The fund will invest at least 80% of its assets in senior secured floating rate loans. The fund commenced investment operations in May 2010, and absent shareholder approval to extend the term of the fund, the fund will dissolve on or about May 31, 2020. ASSET COVERAGE As of June 30, 2013, the fund’s Asset Coverage Ratio for the senior notes and preferred shares was in excess of the 225% minimum threshold required by the fund’s governing documents. As of the same date, the fund’s total and net overcollateralization (OC) tests’ ratios were in excess of the 100% minimum threshold required by the fund’s governing documents. The fund’s total and net OC tests are similar to the Fitch total and net OC tests at the ‘AAA’ rating guidelines, and are deemed to be consistent with a ‘AAA’ rating. STRUCTURAL PROTECTIONS Should any of the fund’s asset coverage tests decline below their minimum threshold amounts, the governing documents’ mandatory redemption provisions will require the fund to cure the tests or redeem the affected liabilities in a sufficient amount to restore compliance with the applicable test(s). After 8/31/2017, any sales proceeds or repayments from the fund’s portfolio will be used to redeem, pro-rata, the fund’s notes, preferred shares, and common equity. However, if certain conditions are satisfied after this period sales proceeds or repayments will be used to repay solely the notes and preferred shares on a pro-rata basis.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-blackstone-gso-sr-200100635.html

Breakout Month In July: Cov-Lite Share of European Institutional Debt Highest Level in Seven Years – Forbes

EUR 2014-08-01 cov lite chart 1_750

Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

Two U.S. home loan banks in talks on merger – Yahoo Finance

For the year to date, a record-high 39% of institutional loans have no maintenance covenants, up from 21% in 2013, and 7% in 2007. Covenant-lite arrived in Europe on the back of cross-border issuance, but while cross-border transactions continue to command a large share of the European cov-lite sample, more domestic transactions are joining the club, such as Continental Continental Foods,GHD GesundHeits, andAenova. Taking the trend a step further, three issuers used the borrower-friendly conditions to opportunistically refinance from a covenanted to a cov-lite structure in July a process seldom seen in Europe since 2007. They followed in the footsteps ofIglo, which launched a cov-lite refinancing in June. Continental Foods stripped out maintenance covenants as part of a dividend-linked transaction, while Aenova is similarly seeking to remove covenants and pay a dividend. On the cross-border front,Terexis out with a refinancing that shifts its debt onto a cov-lite footing. In another sign of hot market conditions, the average number of maintenance covenants on newly issued loans continues to decline. Excluding cov-lite deals, the average number of tests on deals launched in the year to July 31 has fallen to a record low of 2.5, from three in 2013, and 3.6-area between 2008 and 2012 (based on deals for which LCD tracked terms and conditions). Cross-border transactions are partially responsible for driving this trend.
Puedes ver la version sin traducir en http://www.forbes.com/sites/spleverage/2014/08/01/breakout-month-in-july-cov-lite-share-of-european-institutional-debt-steps-up/

Done Two U.S. home loan banks in talks on merger 1 hour ago Done (Adds background, reaction from FHFA) July 31 (Reuters) – The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle said on Thursday they had entered into an exclusive arrangement on a potential merger. The Federal Home Loan Bank System is made up of 12 regional banks that help finance mortgages made to consumers by their members that include banks, credit unions and insurance companies. FHLB Des Moines is the larger of the two banks by assets with $82.2 billion at the end of June. FHLB Seattle had $36.5 billion. The proposed merger would require approval from their regulator, the Federal Housing Finance Agency, and the two banks’ members, they said in a statement. “FHFA views this potential merger as consistent with the mission of the Federal Home Loan Bank System and with the safe and sound operation of each Federal Home Loan Bank,” FHFA director Melvin Watts said in a statement. It was not the first time two FHLBs consider merging. Almost seven years ago, the Federal Home Loan Bank of Chicago was in talks with its Dallas counterpart to merge, but the deal was called off eight months later.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/two-u-home-loan-banks-191951691.html

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

Xerox Education Services LLC (Xerox-ES), Great Lakes Educational Loan Services Inc. (GLELSI) and Pennsylvania Higher Education Assistance Agency (PHEAA) will service 47.22%, 9.07% and 7.44%, respectively, of the remaining portfolio. In Fitch’s opinion, all servicers are acceptable servicers of FFELP student loans. RATING SENSITIVITIES Since FFELP student loan ABS rely on the U.S. government to reimburse defaults, ‘AAAsf’ FFELP ABS ratings will likely move in tandem with the ‘AAA’ U.S. sovereign rating. Aside from the U.S. sovereign rating, defaults and basis risk account for the majority of the risk embedded in FFELP student loan transactions. Additional defaults and basis shock beyond Fitch’s published stresses could result in future downgrades. Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. For further discussion of Fitch’s sensitivity analysis, please see the presale titled ‘NSLT 2014-6’, dated July 28, 2014, available at http://www.fitchratings.com .
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-rates-nelnet-student-loan-191600329.html

Judge Says Raimondo Must Be Deposed On 38 Studios – Yahoo News

Loan Party Stragglers Meet Push Back From Investors: Euro Credit – Bloomberg

approved the loan guarantee for 38 Studios, and she opposed it when she was running for treasurer. But an attorney for one of the defendants in the suit, former EDC Executive Director Keith Stokes, wants to question her about communications she had with Stokes and others at the agency while she was a candidate. David Martland subpoenaed her last week. During a hearing Friday in Superior Court, Raimondo attorney Raymond Marcaccio argued the subpoena should be quashed, saying his client has information that is “quite limited” and not relevant or significant to the case. He called her a bystander and proposed that she answer written questions. But Martland said she shouldn’t be treated differently than any other witness. He indicated Raimondo had had communications with EDC board member George Nee regarding her concerns about the deal, and had also met with Stokes and former agency lawyer Robert Stolzman. Stolzman is also named in the EDC’s suit. 38 Studios went bankrupt in 2012. The state remains on the hook for some $89 million related to the transaction.
Puedes ver la version sin traducir en http://news.yahoo.com/judge-says-raimondo-must-deposed-180823534.html

7 Steps in Dealing With Debt Collectors – Forbes

Send Thanks! A link has been sent. Done Students and parents borrowing less to pay for college By Melanie Hicken 1 hour ago 0 shares Content preferences Done While college costs and student loan bills have soared over the past decade, some students and their families are finding ways to spend (and borrow) less. Borrowing reached its lowest level in five years as families paid for more expenses out of pocket and cut back on costs in a variety of ways, according to an annual survey of 1,600 college students and parents by Sallie Mae and market research firm Ipsos. Related: Drowning in student loan debt On average, college students and their parents borrowed 22% of total college costs in the 2013-2014 school year, compared to 27% two years ago. Financial aid experts say that even a small reduction in borrowing can help students save thousands of dollars in future interest payments, and make it more likely that they will be able to afford those payments come graduation. A key factor: a growing percentage of students are seeking to cut costs by attending two-year colleges instead of pricier four-year institutions. Although the average cost of public two-year schools has nearly doubled in the last six years, these schools are still thousands of dollars cheaper than four-year colleges and universities. Related: College savings gap widens between rich and poor But that’s not all.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/students-parents-borrowing-less-pay-140000226.html

Students and parents borrowing less to pay for college – Yahoo Finance

People are pushing back on aggressive deals, not just on covenant-lite deals, Ranbir Singh Lakhpuri, a London-based money manager at Insight Investment Management Ltd., which oversees the equivalent of $506 billion. Many deals are coming late to the party and meeting satiated guests on the way out. M&A Deals Loan issuance has been fueled by a surge in deals financing mergers and acquisitions by private equity and venture capital firms in the region which climbed to $110 billion this year, a 75.4 percent increased from the same period in 2013, data show. The record $113 billion of high-risk, high yield bonds sold in Europe this year is also starting to generate indigestion, with the securities poised to hand losses to investors in July for the first time since August 2013. Winoa SA, the French producer of abrasives for metalworking, scrapped a bond offering July 22. Investors demanded higher yields to buy the companys 260 million euros of junk notes as well as more assurances over the time during which securities couldnt be repaid. The average yield investors demand to hold junk-rated bonds in euros is 3.74 percent, up from a record 3.46 percent in May, according to Bank of America Merrill Lynch index data. Sub-investment grade bondholders are poised to lose 0.1 percent this month, reducing gains for the year to 5.3 percent, the data show. Deal Fatigue Theres just not enough juice in these deals and theres a bit of deal fatigue, said Edinburgh-based Steven Logan, head of European high yield at Scottish Widows Investment Partnership Ltd., which manages about $242 billion. Endemol is seeking to raise 700 million euros of term loans, as well as 335 million euros of more junior second-lien loans, Bloomberg data show. Its had to increase interest margins on both portions by 0.5 percentage points and is now offering 8.75 percentage points more than benchmark rates on the riskiest debt, the data show. The company is raising the money to fund a recapitalization following its takeover last month by New York-based Apollo Global Management LLC.
Puedes ver la version sin traducir en http://www.bloomberg.com/news/2014-07-31/loan-party-stragglers-meet-push-back-from-investors-euro-credit.html

5 Ways You Will Save Money After Retirement – Yahoo News

Instead, look at your bank and credit card statements and categorize your expenses for a month on a worksheet like this . Once you know where your money is going, see if you can then use any of these money-saving ideas to reduce some of those expenses. The result should be a good sense of what you can afford to put towards debt each month. 3) Know what you owe. For each of your debts, find out the balance, the interest rate, the minimum payment, and how long its been delinquent. You can use this worksheet to record the information. If you see anything thats not accurate, you can dispute it with the credit bureau to have it removed. Its bad enough if youre suffering from your mistakes. You dont want to suffer from other peoples mistakes too. 4) Focus on newer debt first.
Puedes ver la version sin traducir en http://www.forbes.com/sites/financialfinesse/2014/08/01/7-steps-to-deal-with-debt-collectors/?ss=personalfinance

Done 5 Ways You Will Save Money After Retirement By Joe Udo 58 minutes ago 0 shares Content preferences Done Many financial planners and online calculators assume you will need about 80 percent of your pre-retirement income to maintain your lifestyle in retirement . But everyone’s situation will be different. Super savers who tuck away 30 to 50 percent of their paychecks will need much less than 80 percent of their income after retirement. They get used to living below their means, and that habit will carry into retirement. There are also many expenses that will be reduced after retirement. Some work-related costs retire along with the job, while others can be eliminated once you are no longer supporting a family. Here’s how retirees spend less than their working counterparts: Housing. Housing is the biggest monthly expense for most working households, but this can change in retirement. If you have been diligent about paying down your mortgage, you could pay off the loan before retirement. This will reduce the monthly cost of housing greatly, but that’s not the only way to spend less.
Puedes ver la version sin traducir en http://news.yahoo.com/5-ways-save-money-retirement-182814850.html

Conn. Unemployment Insurance Tax Stokes Complaints – Yahoo News

The unemployment tax is expected to be the highest this year in the United States. Wayne Rydzy, president of Pauway Corp., an aerospace and medical equipment manufacturer in Wallingford, is resigned to the tax. “Here’s another one. You send a check,” he said. “There’s no plan B. There’s no appeal.” The once-a-year tax, in addition to quarterly payments by employers, is down to $7.50 per employee from a high of $25.50 in 2011, said a spokeswoman for the state Department of Labor. It’s due Aug. 29. Thirteen states and the Virgin Islands owe the federal government $14.33 billion for unemployment insurance funding borrowed to help millions of unemployed workers during the 2007-09 recession and the weak recovery that followed. California accounts for more than half, $7.92 billion, and Wisconsin owes the least, $3.9 million, according to the U.S.
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Federal Home Loan Bank here eyes merger with Midwest counterpart | Business & Technology | The Seattle Times

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done IMF approves $154 mln loan program for Georgia 7 hours ago Content preferences Done WASHINGTON, July 31 (Reuters) – The International Monetary Fund on Thursday signed off on a $154 million loan program for Georgia, meant to help the ex-Soviet republic shore up its economy amid greater geopolitical tensions affecting neighboring countries. The IMF said the approval of the three-year loan program means Georgia gets an immediate disbursement of about $62 million. The program is meant to help shore up reserves and address economic vulnerabilities that still remain after the country’s last $386 million IMF loan program from 2012 to 2013. “Regional geopolitical tensions and potential spillovers from neighboring countries may affect the prospects for the economy, especially for trade, remittances and potentially foreign direct investment,” the IMF said in a statement. (Reporting by Anna Yukhananov; Editing by Meredith Mazzilli) Politics & Government
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Puerto Rico’s electric power authority gets extension from creditors – Yahoo Finance

Post a comment The Federal Home Loan Bank of Seattle and its larger sister bank in Des Moines, Iowa, said Thursday they are exploring a merger that would create the national finance networks largest cooperative by membership. Chartered by Congress in the 1930s in response to the Great Depression, the Federal Home Loan Bank system is made up of 12 regional cooperative banks. The systems primary purpose is to provide stable funding to member institutions that they in turn use to make loans to families, farms and businesses. As of June 30, the Federal Home Loan Bank of Seattle had $36.5 billion in assets. It is owned by more than 330 financial institutions in eight Western states and several Pacific territories. The Seattle-based funder of mortgage loans fell short of required capital in 2009 during the recession, its second bout of financial trouble in less than a decade. The FHLB of Des Moines had $82.2 billion in assets and serves about 1,200 members in five states in the Midwest. The merger requires approval from the Federal Housing Finance Agency and the membership of both banks. If approved, the combined cooperative would be based in Des Moines, said Michael Wilson, president and CEO of FHLB Seattle in a letter to its members. Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com On Twitter @sbhatt Want unlimited access to seattletimes.com?
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IMF approves $154 mln loan program for Georgia – Yahoo Finance

Send Thanks! A link has been sent. Done Puerto Rico’s electric power authority gets extension from creditors 2 hours ago (Adds analyst quote, reaction from governor to NY Fed report) By Edward Krudy NEW YORK, July 31 (Reuters) – Banks gave Puerto Rico’s electric power authority a two-week extension on $671 million in revolving loan facilities on Thursday as the troubled authority negotiates with creditors over its vital near-term cash needs. The reprieve was not enough to stop another downgrade from ratings agency Standard & Poor’s, which cut its view on the authority, known as PREPA, two notches deeper into junk. S&P said whether PREPA met its obligations was dependent on factors ultimately beyond its control. Under the new deal with creditors, PREPA received an extension until Aug. 14 on credit lines it uses to pay for operating expenses. Of that, $146 million was due to Citigroup Inc on Thursday. Scotiabank is owed about $525 million. PREPA said creditors had agreed not “to exercise remedies” as a result of credit downgrades.
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I-Minerals Inc. Issues Additional Bonus Shares and Bonus Warrants Pursuant to Loan Agreement, and Announces Debt Settlement – Yahoo Finance

Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Arsenal defender Jenkinson loaned to West Ham 2 hours ago . View photo Arsenal’s English defender Carl Jenkinson celebrates scoring during the English Premier League football match between Norwich City and Arsenal at Carrow Road on May 11, 2014 (AFP Photo/Lindsey Parnaby) London (AFP) – West Ham signed Arsenal defender Carl Jenkinson on a season-long loan on Thursday becoming the Hammers’ sixth new face this summer. Jenkinson, 22, joined Arsenal from Charlton in 2011 and earned his only England cap against Sweden 18 months later. “I’m clearly seen as a big part of things here and hopefully I can prove my worth because it is an important year for me,” said Jenkinson, who joins Mauro Zarate, Enner Valencia , Cheikhou Kouyate, Aaron Cresswell and Diego Poyet in a new-look West Ham squad. “I was flattered to have a lot of options but deep down, if I was being honest with myself, West Ham was always the place I wanted to go to. “It’s one of them where I wanted to do the right professional thing and consider all the options, but in the back of my mind it was always West Ham and I’m just so glad it’s all worked out how I wanted it to in the end.” Carl Jenkinson
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Arsenal defender Jenkinson loaned to West Ham – Yahoo Sports

1 hour ago 0 shares Content preferences Done VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jul 31, 2014) – I-Minerals Inc. (TSX VENTURE:IMA)( IMAHF ) (the “Company”) announces that it has issued an additional 412,193 bonus shares and an additional 412,193 non-transferable bonus warrants to a company controlled by a director in respect of cash advances totaling $1,200,000 U.S. pursuant to a loan agreement announced on September 20, 2013, as amended in January 2014. The bonus shares were issued at deemed prices ranging from $0.1725 to $0.2175 Cdn. per share. The bonus warrants are exercisable at prices ranging from $0.276 to $0.305 Cdn., and will expire on the earlier of December 1, 2016 and the date the amount of the individual advance pursuant to which the bonus warrants were issued, together with all accrued interest thereon, has been repaid in full. All of the bonus shares, and any additional shares which may be issued pursuant to the exercise of the bonus warrants, are subject to a hold period in Canada until December 1, 2014. The Company also announces that the company to which the bonus shares and bonus warrants disclosed above have been issued has elected to have accrued interest in the amount of $211,937.08 U.S. settled by the issuance of 741,233 common shares in the capital of the Company at a deemed price of $0.2859 U.S. per share, subject to regulatory acceptance, as provided for in the loan agreement pursuant to which this interest has been accrued. All of these shares will be subject to a hold period in Canada for a period of four months and one day from the date of issuance.
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