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Greece will not restructure debt: finance minister

Posted by on May 29th, 2010

Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.

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Summary Box: Rates fall on Greek debt concerns

Posted by on Apr 15th, 2010

GREECE QUESTIONS: Interest rates dropped in the bond market Thursday on renewed concerns that a bailout for Greece might not be enough to prevent the country from defaulting on its debt.

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Greece Names a Speculator as Debt Odyssey Goes On

Posted by on Feb 18th, 2010

The Greek press has started naming names as it looks for the culprits betting against its debt and the euro, and its accusation has been taken up by the blogosphere.

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Muzak reorganization plan cuts debt in half

Posted by on Sep 10th, 2009

Muzak Holdings said Thursday it has filed a bankruptcy reorganization plan that has the support of its biggest lenders and would cut its debt by more than half.

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Africa Israel Falls in Tel Aviv on Debt Talks With Bondholders

Posted by on Aug 30th, 2009

Aug. 30 — Africa Israel Investments Ltd.

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Foxwoods Owner Seeks to Restructure Debt

Posted by on Aug 26th, 2009

The Mashantucket Pequot Tribal Nation, the owner of the Foxwoods Resort Casino in Ledyard, Conn., said on Wednesday that it is seeking to restructure its debt, as casinos worldwide grapple with slumping business.

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Moody’s Joins S.&P. in Warning on California Debt

Posted by on Jun 19th, 2009

The state of California is facing a “multi-notch” downgrade of its debt if it fails to resolve its enormous budget woes, Moody’s Investors Service said Friday.

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Ford may issue more stock to cut debt

Posted by on Jun 11th, 2009

Ford will likely trade more of its debt for equity and sell more common stock, so it can improve its balance sheet until the company can become profitable in 2011, CEO Alan Mulally said Thursday.

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Vision for GM: Lighter debt load, mostly US-owned

Posted by on May 28th, 2009

The government’s new road map for General Motors would briefly send it into bankruptcy, erase most of its debt and eventually have it emerge leaner and stronger — and almost three-quarters owned by the taxpayers.

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Station Casinos to extend debt plan deadline

Posted by on May 14th, 2009

A Station Casinos Inc. spokeswoman says the private casino operator has agreed with lenders to extend its deadline to work through a plan to restructure its debt.