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Debt-hit Dublin pubs seek bankruptcy protection - WTOP RadioDUBLIN, Ireland (AP) - Dublin 's premier pub-running company won bankruptcy protection Friday in a surprising sign that Ireland 's credit crunch is pushing even the most liquid of businesses to the breaking point. High Court Justice Brian McGovern ...
Pub chain on brink as it struggles with €26m debt - IndependentONE of the country's largest pub chains went into examinership last night after failing to refinance debts of €26m. The Thomas Read Group, which employs 420 people, sought the protection of the High Court yesterday as it looked for more time to ...
A Mess in the Muni Market - Barron's OnlineTROUBLE IN THE SHORT-TERM MUNICIPAL-BOND market is causing financing headaches for many municipalities around the country, even as their coffers have started to shrink. Any municipality with less than sterling credit potentially faces higher funding ...
Home truths - IndependentUrsula Kenny has started a pension but decided not to buy property for now Are Irish people betting everything on the house? The question is prompted by new research which indicates that six out of 10 Irish people see their home as the important ...
Top Productivity-Enhancing Tools - ForbesScott and Steven Balough's Mar-Bal hit its stride after the two brothers took over the Chagrin Falls, Ohio-based manufacturer of industrial materials for the likes of Whirlpool and General Electric . Annual revenue hit $47 million last year, up four ...
UPDATE 3-Independent News says to sell APN stake to cut debt - ForbesDUBLIN, Oct 31 (Reuters) - Independent News & Media said on Friday it planned to sell its stake in APN News & Media Ltd to cut its debt by about 800 million euros ($1 billion), sending Independent News shares 40 percent higher. The publisher of ...
Hypo Real Says Bailout to Weigh on 2008, 2009 Results (Update4) - BloombergNov. 17 (Bloomberg) -- Hypo Real Estate Holding AG , the German property lender bailed out last month, expects the costs for its government-led rescue and restructuring to weigh on earnings in 2008 and 2009. ``We are predicting an extremely negative ...
Germany Agrees on New Rescue Package for HRE - Der SpiegelGerman mortgage lender Hypo Real Estate has been bailed out a second time to protect the German banking sector. It was a race against time to avert a financial disaster with unpredictable consequences. Late on Sunday night, top officials from Germany ...
Hypo Real Estate Says Soffin Grants 15 Billion Euros (Update1) - BloombergOct. 31 (Bloomberg) -- Hypo Real Estate Holding AG, the lender that received a 50 billion-euro ($64.3 billion) bailout from the German government, said it received an additional 15 billion-euro guarantee to cover short-term cash requirements. The ...
German banks the most exposed to Iceland, BIS says - International Herald TribuneFRANKFURT : Banks from Germany had more deposited with Icelandic institutions, $21 billion, than those from any other country just before the worst of the recent financial storm, according to figures released Thursday by the Bank for International ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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