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Greek govt confronts protests and debt doubts

Posted by on Mar 4th, 2010

Greek Prime Minister George Papandreou confronted more anti-austerity protests Thursday and tested international support for his battle against debt with a new multi-billion-euro bond.

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Greece Embarks on New Debt Issues – DealBook Blog – NYTimes.com

Posted by on Mar 4th, 2010

Greece’s debt agency announced Thursday that it would issue 8 billion euros in five-year bonds a day after its government announced new austerity measures worth 4.8 billion euros to battle its rampant deficit.

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US debt is a national security matter: Clinton

Posted by on Feb 25th, 2010

Secretary of State Hillary Clinton warned Thursday that the record US budget deficit and national debt are matters of national security rather than just economics.

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Debt limit: What’s the fuss?

Posted by on Dec 23rd, 2009

The Senate will act to raise the country’s debt limit on Thursday before closing shop for the year. That’s the plan anyway.

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Arcadia Year Profit Up And Debt Reduced

Posted by on Oct 22nd, 2009

Arcadia , the fashion group owned by billionaire Philip Green, on Thursday posted a 13 percent increase in full-year profit along with solid current trading and said it had significantly cut its debt.

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Arcadia Year Profit Up And Debt Reduced

Posted by on Oct 22nd, 2009

Arcadia , the fashion group owned by billionaire Philip Green, on Thursday posted a 13 percent increase in full-year profit along with solid current trading and said it had significantly cut its debt.

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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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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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NY MTA fiscal crisis due to high debt costs: report

Posted by on Apr 9th, 2009

The New York public transit authority’s budget crisis is the result of runaway debt service costs, and the state and city need to reinstate pre-1992 funding levels to resolve it, a report said on Thursday.