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Liverpool Most Vulnerable to Crunch, Independent Says: Roundup - Bloomberg
Liverpool is England's most vulnerable club to the credit crunch with its U.S. owners Tom Hicks and George Gillett two months away from expiry date of loans, the Independent reported, citing Keith Harris , executive chairman of investment bank ...

Banks could force sale of 'vulnerable' Liverpool - The Independent
Gillett has suggested that he is planning new sporting investment in India Liverpool, whose American owners Tom Hicks and George Gillett stand two months away from the expiry date of loans which could force them to sell up, are the most financially ...

UPDATE 2-Heineken sticks to H2 debt cost forecast - Reuters
AMSTERDAM, Oct 8 (Reuters) - Heineken NV (HEIN.AS: Quote , Profile , Research , Stock Buzz ), the world's third-largest brewer, is sticking to its second-half forecast of an average interest rate of 5.8 percent on debt related to its Scottish ...

Carlsberg calls time on Leeds brewery - Times Online
Carlsberg, the Danish brewing giant, today confirmed that it will close its 186-year old brewery in Leeds and said that it had cut its full-year operating profit forecasts by 2.5 per cent. The beer maker, which acquired Scottish & Newcastle with ...

UPDATE 1-Carlsberg profit a tad below consensus; trims outlook - CNBC
COPENHAGEN, Nov 5 (Reuters) - Danish brewer Carlsberg on Wednesday posted a 53 percent rise in third-quarter operating profit, slightly below consensus and trimmed its 2008 earnings outlook on weaker consumer sentiment. Operating profit before ...

Hammers and City takeovers went wrong, says deal-maker - Guardian Unlimited
Former Prime Minister Thaksin Shinawatra of Thailand sold Manchester City after 14 months at the helm. Photograph: David Longstreath/AP Keith Harris, the chairman of the merchant bank Seymour Pierce and a former Football League chairman, is the prime ...

I will struggle to sell Everton, admits Harris - Guardian Unlimited
Keith Harris, the merchant banker who has orchestrated the takeovers of five Premier League clubs, said yesterday that he is making "no progress at all" with finding a buyer for Everton, because the club are not an attractive enough financial ...

Over 4,000 British jobs face axe - Times Online
UK unemployment is set to climb even further after a range of British businesses today announced over 4,000 job cuts in under 12 hours. This afternoon, Virgin Media announced that it will axe 2,200 jobs between now and 2012 in a major restructuring ...

UPDATE 2-Cattles says banking licence application on track - Reuters
* Application for banking licence on track * Trading for the year to date in line with own expectations * 100 million pound debt-raising shelved due to tough markets * Bad debts up in three months to Sept 30 (Adds CEO comment, analyst reaction, share ...

Carlsberg Cuts Forecast, Will Close British Brewery (Update3) - Bloomberg
Nov. 5 (Bloomberg) -- Carlsberg A/S , the Nordic region's largest brewer, lowered its full-year earnings and sales forecast and said it will cut jobs and close a U.K. plant amid ``deteriorating'' markets in northern and western Europe. Sales this ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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