Debt limit: What’s the fuss?
Posted on December 23, 2009 by
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 on October 22, 2009 by
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.
Continue ReadingMuzak reorganization plan cuts debt in half
Posted on September 10, 2009 by
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.
Continue ReadingFord may issue more stock to cut debt
Posted on June 11, 2009 by
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.
Continue ReadingNY MTA fiscal crisis due to high debt costs: report
Posted on April 9, 2009 by
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.
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