Refinancing News
- Commercial real estate woes could worsen this year, experts say Saturday, March 13, 2010 @ 10:41PMAs dissimilar as they are, a small shopping center in unincorporated Falcon, an apartment complex on Colorado Springs’ southeast side and a mini-warehouse storage facility near Peterson Air Force Base have something in common: They all fell into...
- Old Marple grade school to come down Saturday, March 13, 2010 @ 10:40PMThe Marple Commissioners voted unanimously, Monday night, to award the bid for the demolition of the former Marple Grade School, West Chester Pike and Malin Road, to Luzon, Inc. of Philadelphia. The $430,000 bid includes the base bid and an alternate and the structure will be razed within the next 60 days.
- Board approves resolution Saturday, March 13, 2010 @ 7:35PMThe Alma School Board approved a resolution Thursday to close the deal on refinancing a single bond issue that will save the district nearly $1 million.
- Elko County Commission actions Saturday, March 13, 2010 @ 7:17PMDuring their Wednesday meeting, Elko County Commissioners:
- Lower Makefield cuts Class ‘A’ apprenticeship requirement Saturday, March 13, 2010 @ 5:26PMBidding for large construction projects in Lower Makefield Township will now be open to more contractors as the Board of Supervisors voted 3-2 to remove the Class “A” apprenticeship program requirements from the Responsible Contractors Ordinance.
- GCI Reports 2009 Financial Results Thursday, March 11, 2010 @ 9:27AMGeneral Communication, Inc. today reported its 2009 results with revenues increasing to $595.8 million and adjusted EBITDA increasing to $192.9 million. Adjusted EBITDA increased $21.8 million or 12.7 percent, over 2008 Adjusted EBITDA of $171.1 million.
- Loyalsock schools consider refinancing bond Thursday, March 11, 2010 @ 8:03AMLoyalsock Township School Board Tuesday night heard discussion about refinancing its 2001 bond, a move that could realize a savings of between $130,000 and $140,000. Les Bear of Robert W. Baird & Co. Inc. explained to the board that the current low interest rates make now a good time to consider refinancing. "You would have to apply to rating companies," he sai.
- Sandwich School Board refunds bonds at better rate Thursday, March 11, 2010 @ 8:02AMThe Sandwich School District Board of Education jumped on lower interest rates and recently refunded existing bonds, saving taxpayers about $600,000 in interest. Voters approved a building bond issue by referendum in 1998 to build the new middle school.
- Medical school costs, loan rates rise sharply Thursday, March 11, 2010 @ 7:43AMNPR reports on the high cost of medical school, focusing on one student, Sarah Rosen. The interest rate on her school loans "shot up to eight and a half percent, almost twice the rate [her parents] are paying after refinancing their mortgage."
- CENTRAL JERSEY: UFR district to raise tax levy by 9.88% after waiver OK Wednesday, March 10, 2010 @ 9:21AMThe Upper Freehold Regional School District has come one step closer to meeting its constricted budget goals as the county has approved its request for waivers that will allow it to raise the property tax levy by 9.88 percent.
- Lookers: Used car prices to rise again Wednesday, March 10, 2010 @ 9:09AMUsed car prices are set to rise further this year as weakness in the UK economy boosts the market, according to a leading car dealership group.
- Biz Buzz: Economy caused owners to sell homes, Wednesday, March 10, 2010 @ 8:55AMLingering uncertainty about the economy and financial distress were key reasons why Californians sol
- 2 architects eyed for Columbiana school work Wednesday, March 10, 2010 @ 8:26AMCOLUMBIANA - Two architectural firms are vying for the right to design a renovation plan for Joshua Dixon Elementary School.
- All that glitters to IT contractors may not be gold Wednesday, March 10, 2010 @ 7:59AMIt may surprise you to know that the current Olympic gold medals are over 90% silver, not 100% gold. For contract IT professionals, this fact is more applicable and relevant to them than it might seem at first.
- Nordic American Tanker Shipping Ltd.: Letter to Shareholders from the Chairman & CEO Monday, March 8, 2010 @ 11:08AMHAMILTON, BERMUDA--(Marketwire - March 8, 2010) - Nordic American Tanker Shipping Ltd. ( NYSE : NAT )
- (AFX UK Focus) 2010-03-08 07:34 Spanish stocks - Factors to watch on Monday Monday, March 8, 2010 @ 10:57AMMADRID, March 8 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
- Nordic American Tanker Shipping Ltd.: Letter to Shareholders from the Chairman & CEO Monday, March 8, 2010 @ 10:57AMHAMILTON, BERMUDA--(Marketwire - 03/08/10) - Nordic American Tanker Shipping Ltd. (NYSE: NAT - News ) Dear Shareholder, As Chairman and CEO I strive to keep all our shareholders well informed about key aspects of the development of our Company. It is therefore now time for me to send you another letter. Since my letter of September 29, 2009 to you, the Company has acquired two more suezmax ...
- Debt Settlement and Mortgage Modification Scams on the Rise, Warns Chicago Bankruptcy Lawyer Richard Fonfrias Monday, March 8, 2010 @ 10:01AMExperienced Chicago bankruptcy lawyer Richard Fontrias of the Fonfrias Law Group, LLC, warns that the number of debt settlement scams and mortgage modifications scams reported in the state of Illinois is on the increase and that consumers need to better understand their rights under the law in order to take control of their financial future.
- A Ravitch rescue? Monday, March 8, 2010 @ 9:05AMIn his State of the State mes sage in January, Gov. Pater son announced that Lt. Gov. Richard Ravitch would "take the lead in [developing] a four-year plan for fiscal recovery." Since few believed Paterson would still be in office after 2010, it seemed the lieutenant governor had embarked on...
- South Korea to Push G-20 to Shield Emerging Markets (Update1) Monday, March 8, 2010 @ 5:56AMSouth Korea will propose a global safety net to shield emerging economies from the risks triggered by external crises when the leaders of Asia’s fourth-biggest economy host the Group of 20 Nations summit in November.
- Lawmakers optimistic for end of session Monday, March 8, 2010 @ 2:56AMLocal lawmakers plan to head back down to Indianapolis this week.
- Land of Rising Sun watches as Greek star wanes Sunday, March 7, 2010 @ 11:11PMWith a deficit rising yearly, many Japanese believe that the heralded budget apocalypse has arrived.
- Not Feinly tuned Sunday, March 7, 2010 @ 9:46PMWells Fargo: Ken Feinberg is right to be annoyed by Wells Fargo’s 2009 compensation decisions. President Obama’s pay czar said in an interview with CNBC that the $21.3 million given to the bank’s chief executive, John Stumpf, “raises serious questions”.
- Fighting foreclosure Sunday, March 7, 2010 @ 8:28PMThomas McConnell didn’t know what to do when the heating and air conditioning quit working in his North Brainerd home last year.
- Oil clears $81 Sunday, March 7, 2010 @ 12:39PMOil clears $81
- City Council Agenda Sunday, March 7, 2010 @ 12:10PMThe Aberdeen City Council will meet in regular session at 5:30 p.m. Monday. The meeting will be in the courtroom on the third floor of the Municipal Building, 123 S. Lincoln St. Agenda items include:...
- Clearfield saving $200,000 / City to refinance $4.3 million in bonds Sunday, March 7, 2010 @ 12:08PMCLEARFIELD -- The city will save approximately $200,000 by refinancing some of its existing bonds at lower interest rates. read more
- B.G. refinances bonds for big savings Saturday, March 6, 2010 @ 5:12PMThe city of Battle Ground has refinanced bonds in order to save nearly $200,000. In 2003, the city issued $4.07 million in limited tax general obligation bonds to purchase the City Hall building and equipment. At the beginning of this year, $3.05 million was outstanding and payable through 2023. With an average interest rate of 4.27 percent, the city’s total liability was $4.03 million ...
- From City Manager Wendell Johnson Saturday, March 6, 2010 @ 1:09PMFollowing Council approval of the bond refinancing proposal on March 1, 2010, the Gollahon financial consultant will meet next Tuesday with me, the Utilities Director and the City Engineer to discuss financing for the new WWTP.
- Tax preparation software: which program gets the best mark? Saturday, March 6, 2010 @ 1:05PMPreparing your taxes can require a lot of stamina, but tax-preparation software can make the task less arduous,. But, which program to choose? Here are the most popular programs:
- Markey wants to curb spending, lower health care costs Saturday, March 6, 2010 @ 12:11PMSTERLING — Government spending and health care reform were two areas U.S. Rep. Betsy Markey, D-Fort Collins, touched on when she visited Sterling on Wednesday.
- ITA revenue down by $93K in fiscal ’09 Saturday, March 6, 2010 @ 10:13AMThe Inter-Modal Transportation Authority’s main source of revenue fell by nearly $100,000 for fiscal 2009, following a peak year in fiscal 2008.
- Fall in profits at Archant Saturday, March 6, 2010 @ 9:09AMRegional media business Archant saw a 32pc fall in profits last year after advertising revenues were hit in the recession.
- Parents React To Possible School Closures Saturday, March 6, 2010 @ 8:14AMThe Madison school district looking at every option to fill a $30 million budget hole.
- Madison School Board Weighs Cuts, Closing Schools Saturday, March 6, 2010 @ 7:59AMThe Madison Metropolitan School District is considering school closings and staff cutbacks to balance a $30 million budget shortfall this coming year.
- Danish Social Democrats Retain First Place Saturday, March 6, 2010 @ 7:26AM(Angus Reid Global Monitor) - The opposition Social Democracy in Denmark (SD) party now has a two-point lead over the governing Left, Liberal Party of Denmark (V), according to a poll by Catinét Research released by Ritzau. 26.6 per cent of respondents would vote for the Social Democrats in the next legislative ballot, while 24.7 per cent would back the Liberals.
- AIG Plane Unit Boosts Loans It Seeks to $1.3 Billion (Update2) Saturday, March 6, 2010 @ 1:49AMAmerican International Group Inc.’s aircraft-leasing unit is seeking to add a $550 million term loan to bank financing, boosting its first debt sale through capital markets since AIG’s 2008 U.S. bailout to $1.3 billion, according to a person familiar with the negotiations.
- tw telecom Joins Other Providers in Refinancing Debt Saturday, March 6, 2010 @ 1:04AMtw telecom inc. (TWTC) shares closed 3.6 percent higher, at $17.56, on Friday after the Denver-based CLEC started selling $430 million worth of senior notes.
- Alabama Mayor Sentenced to 15 Years in Bribe Case (Update2) Saturday, March 6, 2010 @ 12:41AMMarch 5 (Bloomberg) -- The former mayor of Birmingham, Alabama, was sentenced to 15 years in prison for taking $241,000 in bribes in exchange for giving $7.2 million in sewer-bond and derivatives business to a friend who was an investment banker.
- Greece’s Bonds Rise on First Day as Nation Shows It Can Borrow Friday, March 5, 2010 @ 8:51PMMarch 5 (Bloomberg) -- Greece’s 5 billion euros ($6.8 billion) of new 10-year bonds rose in their first day of trading after Greece showed it’s able to use the capital markets to fund Europe’s largest budget deficit.
- Despite cash infusion, MBTA faces $73 million shortfall Friday, March 5, 2010 @ 8:20PMNearly a year after lawmakers and Gov. Deval Patrick agreed to a major sales tax increase to support the cash-strapped MBTA, the public transit agency expects to face a $73 million shortfall in the next fiscal year.
- Fiberweb reports further progress Friday, March 5, 2010 @ 8:14PMLONDON (SHARECAST) - Nonwoven products supplier Fiberweb produced slightly better than expected results for 2009 and it has declared the completion of its turnaround phase.
- Corporate Bonds Rally on Greek Sale, ECB Rates: Credit Markets Friday, March 5, 2010 @ 7:56PMMarch 5 (Bloomberg) -- Corporate bonds are rallying the most since the beginning of the year as Greece successfully raised 5 billion euros ($6.8 billion) in a sale of 10-year bonds and European policy makers pledged to keep interest rates low.
- How They Killed the Economy Friday, March 5, 2010 @ 7:19PMBy Roger E. Alcaly Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis by John B. Taylor The Fundamental Principles of Financial Regulation by Markus Brunnermeier, Andrew Crockett, Charles Goodhart, Avinash D. Persaud, and Hyun Shin The United States economy is slowly reviving: it grew by 2.2 percent in the third quarter of 2009 and by ...
- American Financial Resources Inc. / AFR Mortgage Announces the Opening of a New Branch Office in Cherry Hill, NJ Friday, March 5, 2010 @ 7:18PMAmerican Financial Resources Inc., a nationwide mortgage lender, opened a new branch office in Cherry Hill, NJ to service the local communities of central and southern NJ. Â
- Thomas Properties Group, Inc. Announces Fourth Quarter & Year End... Friday, March 5, 2010 @ 12:50PM“Last year was one of the most difficult ever for the real estate industry and the impacts were felt across the board in all sectors,” said James A. Thomas, Chairman and CEO. “Even in this env...
- European Stocks May Edge Higher Friday, March 5, 2010 @ 12:50PM(RTTNews) - European stocks are seen opening higher on Friday, tracking gains across Asia ahead of the monthly U.S. non-farm payrolls report scheduled to be released later in the day. Miners and ener...
- Exeter Adult Education offers courses Friday, March 5, 2010 @ 10:19AMADVANCED EXCEL — Those comfortable with basic and intermediate functions will learn to automate tasks with macros, perform data analysis, create pivot tables, use what-if analysis, use Excel with the Internet, develop professional-looking forms, and conduct professional data manipulation.
- LSCS to save $3.7M by refinancing bonds Friday, March 5, 2010 @ 7:18AMTHE WOODLANDS – Lone Star College System trustees hope to save $3.7 million through refinancing bonds.
- ECB unveils next stimulus exit plan Friday, March 5, 2010 @ 4:54AMThe European Central Bank took further steps to unwind the extraordinary help it has given the eurozone economy in the global crisis yesterday, although it still forecasts a fragile recovery.
