debt – News Stories About debt - Page 13

Plastic May Pose Next Big Threat to Economy

Aug 26, 2007 4:54 PM CDT

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the...

Monthly Foreclosures Climb Again

Aug 22, 2007 2:34 AM CDT

Monthly Foreclosures Climb Again

Figures jump 93% over 2006; 1 in every 693 households in default

(Newser) - Foreclosure numbers were up big again in July, rising 9% from June’s figures and a whopping 93% from a year ago, an unwelcome sign for already reeling credit markets. Foreclosures rose in 43 states, but California, Florida, Michigan, Ohio and Georgia accounted for over half of the the activity,...

Corporate Buyers Muscle In on Private Equity Deals

Jul 31, 2007 6:40 AM CDT

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers...

Wall Street Jittery After Drop

Jul 30, 2007 4:47 AM CDT

Wall Street Jittery After Drop

Markets jittery after stock drop

(Newser) - Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs,...

Hot LBO Market
Takes Hit

Jun 8, 2007 9:40 AM CDT

Hot LBO Market Takes Hit

As big-time deals struggle to manage debt, beware the Trojan piggy bank

(Newser) - The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt...

Iraqi PM Begs
for Debt Forgiveness

May 3, 2007 7:52 AM CDT

Iraqi PM Begs for Debt Forgiveness

US, Iran, Syria to cross paths at Egypt summit

(Newser) - Prime Minister Nouri al-Maliki is begging other nations to write off Iraq's debt, saying the country needs reconstruction funds. He spoke today at a regional summit that will feature the first high-level talks between the U.S. and Syria since 2005; prospects of Secretary of State Rice sitting down with...