Archive for the ‘subprime Lending’ Category

Initial jobless claims remain above 400,000 mark despite small decrease

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims for the week ending June 25 decreased by 1,000 from the previous rate but still remained above the 400,000 mark for the 12th consecutive week, according to the United States Department of Labor. Some 428,000 newly jobless workers filed first [...]

Initial jobless claims stuck above 400,000 for 11th week

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims remained above the 400,000 mark for the 11th consecutive week and moved up slightly by 9,000 to a seasonally adjusted 429,000 for the week ending June 18. It was another sign that the jobs sector has not begun a recovery [...]

First time jobless claims stay high at 414,000

Linda Young – AHN News Writer Washington, DC, United States (AHN) – First time claims for jobless benefits remained stubbornly above the key 400,000 mark during the week ending June 11. The tally was 414,000 initial claims, according to the U.S. Department of Labor. Initial jobless claims have been stuck above 400,000 weekly since April. [...]

Jobless claims stay above 400,000 mark for ninth consecutive week

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New unemployment claims remain stubbornly high at 427,000 for the week ending June 4, which were 1,000 more than the previous week. Economists generally agree that initial claims for unemployment compensation insurance must drop below the 400,000 mark weekly and stay there before [...]

Bernanke forecasts U.S. growth despite recent indicators of economic weakness

Vittorio Hernandez – AHN News Atlanta, GA, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke expressed confidence on Tuesday that the American economy will continue to recover slowly even if recent indicators point to economic weakness. He said despite oil and other commodities price increases, he sees no evidence of broad and enduring [...]

Rising rates pinch India Inc as govt battles scams

The benefit of the base rate has evaporated for India Inc. Instead, costs have begun to pinch as the government battles scams in and outside Parliament, putting a plug on expenditure and making money scarce in the market. The base rates were expected to shave off borrowing costs for companies from the banking sector, besides [...]

Lasco Financial positions for growth

Lasco Financial Service Limited (LFSL) has tapped two of its business lines for expansion – payday loans and MoneyGram services -in search of revenue opportunities after signs in late summer that its income was stagnating. View full post on All Stories

Lawyer faces 2nd suit over defaults

A second Arkansas bank has sued Kevin Lewis, a Little Rock attorney, for defaulting on loans, this time for debts totaling $1.8 million. View full post on All Stories

Regulators close banks in Michigan, Pennsylvania

Regulators on Friday shut down small banks in Michigan and Pennsylvania, boosting the number of U.S. banks that have failed this year to 151 as bad loans have mounted and the economy has been slow to heal. View full post on All Stories

Cheniere Energy Amended Credit Agreement Terminates Put Rights and Conversion Features on 2008 Convertible Loans

HOUSTON, Dec. 10, 2010 /PRNewswire-FirstCall/ — Cheniere Energy, Inc. (“Cheniere”) (NYSE Amex: LNG) announced today that its wholly owned subsidiary, Cheniere Common Units Holding, LLC, has reached an agreement with its lenders to amend certain provisions of the Credit Agreement dated August 15, 20 View full post on All Stories

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