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Teck slashes spending, sells assets to pay down debt - Vancouver SunTORONTO -- Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the company ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The freezing of credit markets and complete collapse of consumer spending have exacerbated the troubles for Ford, GM and Chrysler. But there ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Touro University looks to refinance $23.5 million debt - Las Vegas SunTouro University is seeking Henderson's approval to issue $23.5 million in tax-exempt bonds to refinance the university's debt from purchasing its two-building campus in Green Valley. The measure was introduced to the City Council Tuesday and is ...
Primm hotel closes rooms during midweek - Las Vegas SunThe company that operates three hotels in Primm has stopped taking midweek reservations at Buffalo Bill’s in an apparent effort to reduce room capacity and associated expenses. Representatives of Las Vegas-based Herbst Gaming could not be reached ...
Teck Cominco applies brakes - Vancouver SunTORONTO -- Faced with tumbling commodity prices, a free-falling stock price and an over-leveraged balance sheet, Teck Cominco Ltd. unveiled a wide-ranging plan Tuesday to conserve capital and pay back debt amid a rapidly-deteriorating metals sector ...
His Space - WiredPerched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...
Financial Meltdown Alters Local Lending Behavior - Flathead BeaconThe crisis roiling the U.S. financial sector has riveted the nation’s nervous attention for nearly two weeks as Congress scrambled to negotiate a bailout plan and the stock market took more ups and downs than the Going-to-the-Sun Road. The ...
ROI Capital completes $118 million in new loans - CNW GroupTORONTO, Sept. 22 /CNW/ - ROI Capital Ltd. (ROI) is pleased to announce the recent closing of seventeen new private placement loans along with seven follow-on loans to existing ROI portfolio companies. With the completion of these loans, ROI has ...
Weak, Pathetic Executive Compensation Limitations - Huffingtonpost.comThe proposed Emergency Economic Stabilization Act (aka, the bailout) contains pathetically weak limitations on executive compensation. As indicated in Section 111 of the Act, for companies whose bad debt is acquired without an auction process, and ...
Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
View all Terms