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Financial News
SITRONICS Signs US$ 230 Million Credit Facility Agreement with ... - Earthtimes
MOSCOW - (Business Wire) The one-year credit facility can be extended for a further 12 months subject to agreement between the parties. The new funds will be used to refinance loan facilities of US$ 125 million and US$ 75 million, which were provided ...

Pilgrim's Pride wins reprieve on debt - Athens Banner-Herald
Pilgrim's Pride Corp. dodged bankruptcy Wednesday when the poultry company reached an agreement with its lenders to extend its credit lines through Monday. The temporary waiver will allow Pilgrim's Pride to avoid filing for bankruptcy or selling its ...

Recourse, Of Course - New York Times Blogs
Martin Feldstein has written another Wall Street Journal op-ed (here’s an NBER version ) extending his idea for stabilizing home prices. Steven Levitt has written about Feldstein’s basic idea before . The basic idea is for the government to ...

Georgia defeats Mississippi Valley State 98-57 - FOX News
Drazen Zlovaric added 16 points for the Bulldogs (5-1). Shannon Behling led outmanned Mississippi Valley State (0-7) with 13 points. Eric Petty and Dwayne Harmason scored 12 and 11, respectively. Zac Swansey scored all 10 of his points by halftime ...

Candidates must face economic issues - Athens Banner-Herald
There was a surreal quality to the presidential debate Tuesday night that was very discouraging. Even as both candidates went about their scripted, well-rehearsed routines, they all but ignored the 800-pound gorilla stalking around the room: the ...

UPDATE 2-Coca-Cola Hellenic keeps FY targets after flat Q3 - Forbes
ATHENS, Nov 5 (Reuters) - Coca-Cola Hellenic stuck to its 2008 targets after posting a flat third-quarter profit at the high end of market expectations, and said it would continue containing costs in a bid to boost profits in 2009. Coca-Cola Hellenic ...

Oil Supertanker Owners in Ransom Talks With Somali Pirates - FOX News
The Sirius Star tanker conducts a trial run in South Korea in this undated file photo. The Saudi foreign minister says the owners of a hijacked oil tanker are negotiating with the pirates that are holding it. Prince Saud Al-Faisal spoke Wednesday ...

General strike in Greece amid deepening financial crisis - World Socialist Web Site
A 24-hour general strike was staged Tuesday, October 21, across Greece, grinding the country's major infrastructure to a halt. The strike involved workers in air traffic, urban transport and public services. Public offices across the country were ...

XL Airlifters' 'Huge Challenge' - Sky.com
At least 285,000 people have been hit by the holiday operator's failure, described by industry insiders as the biggest for more than two decades. A statement on the Foreign Office website confirmed the Civil Aviation Authority has "put in place ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.

    View all Terms
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