Tuesday Morning's profit falls, but sales rise 7:58 AM CT (Dallas Morning News)
In the last few years, the Federal Trade Commission has sued more than dozen debt relief companies. “They simply lie to consumers,” says the FTC’s Alice Hrdy.
Tuesday Morning's profit falls, but sales rise 7:58 AM CT (Dallas Morning News)
Tuesday Morning Corp. said Tuesday that its second-quarter profit fell to $2.03 million, or 5 cents per share, from $2.9 million, or 7 cents, a year ago.
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(AFX UK Focus) 2007-08-28 07:11 GMT: London shares outlook - Weaker after Wall Street profit-taking falls on data (Interactive Investor)
LONDON (Thomson Financial) - UK blue chips look set for modest early falls this morning after Wall Street ran into some profit-taking yesterday following weak US existing home sales data, with the DJIA having jumped higher Friday after stronger than expected data, leaving investors confused over the path of the world's biggest economy.
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Nation group to sell B1.6bn in non-core assets (Bangkok Post)
Nation Multimedia Group Plc, the publisher of The Nation and Krungthep Turakij daily newspapers, expects to sell its non-core assets worth 1.6 billion baht in a bid to lower financial burdens and improve its balance sheet.
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Financial Education to Get Out of Debt (Benton Evening News)
(ARA) - The proportion of American families carrying an average credit card balance of $5,100 rose to 46.2 percent, according to the 2004 Survey of Consumer Finances conducted by the Federal Reserve Board. Many people may not realize how debilitating this type of credit card debt can be.
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Eliminate Credit Card Debt (Benton Evening News)
(ARA) - You've heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances.
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(AFX UK Focus) 2007-08-27 02:55 GMT: Australia's Woolworths posts record profit, sees further growth - UPDATE (Interactive Investor)
SYDNEY (Thomson Financial) - Australia's Woolworths Ltd, the nation's largest retailer, reported Monday its net profit for the past year to June rose 27.5 percent to a record 1.294 billion Australian dollars as it gained market share from rival Coles Group Ltd and benefited from a strong economy.
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Stelco's path to takeover: the slump into bankruptcy protection (Toronto Star)
Jan. 31: Stelco reports it lost $178 million in 2001, compared with a profit of $4 million in 2000. Blames high energy prices, competition from low-priced imports and reduced demand several months after the September 2001 terrorist attacks.
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Stelco shares up 39.7 per cent after US$1.1B offer by U.S. Steel (CP via Yahoo! Canada News)
TORONTO (CP) - Stelco Inc. (TSX:STE) and the company that's proposing to buy it for US$1.1 billion plus assumed debt, U.S. Steel Corp., will face major competitive challenges from offshore rivals that produce steel slab at lower prices, a steel analyst says.
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Prisoners Help Clean-Up in Shelby (WKBT La Crosse)
A group of inmates is paying their debt to society, by lending a hand with flood clean-up. Before the inmates from the Black River Correctional Center began helping, there were only five people working on roadside clean-up for Shelby. On Monday, there were more than three times as many workers.
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Pyne Gould Corporation – Another record result (Scoop.co.nz)
Financial Results Pyne Gould Corporation today reported an audited net profit after tax for the year ended 30 June 2007 of $30.6m, an increase of $1.6m (6%) on the net operating profit of $29.0m achieved last year.
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Tuesday Morning's profit falls, but sales rise 7:58 AM CT (Dallas Morning News)
Opponents of debt relief argue that it is a blank cheque to governments, and fear savings will not reach the poor in countries plagued by corruption. Others argue that countries will go out and contract further debts, under the belief that these debts will also be forgiven in some future date. They use the money to enhance the wealth and spending ability of the rich, many of whom will spend or invest this money in the rich countries, thus not even creating a trickle-down effect. They argue that the money would be far better spent in specific aid projects which actually help the poor. They further argue that it would be unfair to third-world countries that managed their credit successfully, or don't go into debt in the first place, that is, it actively encourages third world governments to overspend in order to receive debt relief in the future. Others argue against the conditionalities attached to debt relief. These conditions of structural adjustment have a history, especially in Latin America, of widening the gap between the rich and the poor, as well as increasing economic dependence on the global North.
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Eliminate Credit Card Debt (Benton Evening News)