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Archive for the ‘Busines’ Category

Elgin Seeks to Buy U.S. Bankruptcy Loans for CLOs (Update1)
May 19 (Bloomberg) — Elgin Capital LLP , a London-based asset manager, said it plans to start buying high-yielding U.S. bankruptcy loans for three of its collateralized loan obligations.

Read more on Bloomberg

Chrysler teams up with Santander on car loans
Chrysler Group LLC is partnering with a unit of Spanish banking giant Banco Santander to offer lower-cost financing to customers who don’t qualify for prime loans. The partnership with Santander Consumer USA Inc., which starts Thursday, will allow Santander…

Read more on San Francisco Chronicle

Wis. governor wipes out auto title loans with veto
Gov. Jim Doyle single-handedly banned auto title loans in Wisconsin on Tuesday. The governor signed a bill that will regulate payday lending for the first time after years of unchecked growth by the industry.

Read more on AP via Yahoo! Finance

Credit Suisse Hires Moelis’s Andrew Horrocks, Banker to Fiat
Credit Suisse Group AG, the world’s second-largest merger adviser this year, hired Andrew Horrocks from Moelis & Co. to oversee the firm’s global investment- banking for automobile and transportation companies.

Read more on BusinessWeek

Credit card fees focus of battle
The financial reform bill making its way through Congress took an fascinating turn last week when the Senate approved a Democratic-sponsored amendment that would limit the charges that credit card companies like Visa and MasterCard can get from a transaction.

Read more on Hattiesburg American

Consumer credit recovers ‘significantly’: NCR
National Credit Regulator (NCR) statistics indicate a “significant” recovery in consumer credit.

Read more on Independent Online

Navistar to Sell $919 Million of Debt Backed by Loans (Update3)
May 19 (Bloomberg) — Navistar International Corp. plans to sell $919 million of bonds backed by loans on trucks, buses and trailers, according to a person familiar with the offering.

Read more on Bloomberg

Chrysler Teams up With Santander on Car Loans
Chrysler to offer cheaper car loans for subprime customers through partnership with Santander

Read more on ABC News

Elgin Seeks to Buy U.S. Bankruptcy Loans for CLOs (Update1)
May 19 (Bloomberg) — Elgin Capital LLP , a London-based asset manager, said it plans to start buying high-yielding U.S. bankruptcy loans for three of its collateralized loan obligations.

Read more on Bloomberg

Chrysler teams up with Santander on car loans
Chrysler Group LLC is partnering with a unit of Spanish banking giant Banco Santander to offer lower-cost financing to customers who don’t qualify for prime loans.

Read more on AP via Yahoo! News

Navistar to Sell $919 Million of Debt Backed by Loans (Update3)
May 19 (Bloomberg) — Navistar International Corp. plans to sell $919 million of bonds backed by loans on trucks, buses and trailers, according to a person familiar with the offering.

Read more on Bloomberg

Chrysler Teams up With Santander on Car Loans
Chrysler to offer cheaper car loans for subprime customers through partnership with Santander

Read more on ABC News

The First of the Month Made Simple: PayYourRent.com Launches Real-Time Data Integration with Yardi
The site that allows residents and managers to efficiently manage their finances online, PayYourRent .com , announces a partnership with Yardi Voyager , the leading accounting software used by property management companies worldwide. This new feature will provide property managers with a seamless assimilation of property and resident records, including real-time payment information between the …

Read more on SYS-CON Media

Used Game Distributor GTT Sees Rising Sales
Used game distributor Game Trading Technologies this week reported a quarterly net loss due to legal and accounting fees, but a jump in revenues has management confident in the future. GTT said it generated revenue of $11.4 million for the quarter finished March 31, 2010. That’s up 37 percent from $8.34 million for the same period a year ago. The company but posted a net loss of $1.85 million …

Read more on Gamasutra

Vote on Wilmington hospital sale could come today
WILMINGTON — After hiring an outside accounting firm to review bids, Clinton County commissioners could choose as soon as Wednesday, May 19, whether to sell the county hospital and related assets.Commissioners were meeting this morning to discuss the accounting firm’s review of the bids. Among those who have submitted a bid to affiliate with CMH Regional Health System:

Read more on Dayton Daily News