Bond investors are playing a tricky game with lower-rated U.S. retailers, and they appear to be losing. Here’s how it goes: Investors buy beaten-up bonds of struggling store operators and earn big regular payments for as long as they can. The bond buyers win if the companies remain solvent for longer than expected or even improve their…
08 Sep 2017 An independent review of the debt advice funding framework in the UK has reached a milestone, according to the Money Advice Service (MAS). The independent review is being led by Peter Wyman and he has this week (September 7) launched a call for evidence on the matter. Wyman said: There is…
Updated Sept. 7, 2017 7:50 p.m. ET WASHINGTONPresident Donald Trump signaled he was open to making more deals with Democrats in Congress despite anger from fellow Republicans over a bipartisan agreement that passed the Senate Thursday yoking hurricane aid to an extension of the governments ability to borrow. For months, Mr. Trump has publicly mused…
WESTERN Australias new Labor government has turned to big business in its bid to repair the states diabolical finances, imposing a payroll tax levy on large corporations, while gold miners will be hit with higher royalties. For five years starting on July 1, employers with a nationwide payroll between $100 million and $1.5 billion will…
The Senate on Thursday overwhelmingly backed a $15.3 billion aid package for victims of Harvey, nearly doubling President Donald Trump‘s emergency request, and adding a deal between Trump and Democrats to increase America’s borrowing authority and fund the government into December. The 80-17 vote sends the package to the House for a vote on Friday,…
After months of pressure, Gov. Bruce Rauner announced Thursday that hell sell $6 billion in bonds to help pay off Illinois staggering bill backlog a debt that dragged the state down with interest penalties reaching $2 million a day. Illinois Comptroller Susana Mendoza has been pushing for the bond sales for more than a month,…
The House on Wednesday approved $7.85 billion in Hurricane Harvey disaster relief, setting up a controversial legislative maneuver in which the bill is expected to be paired in the Senate with legislation raising the debt ceiling. The Harvey aid was easily cleared in an overwhelming 419-3 vote, but the margin could be closer if lawmakers are…
Toys R Us Inc. has retained lawyers from Kirkland & Ellis LLP to help restructure $400 million in debt due next year, a person familiar with the matter said, the latest move by the toy chain as it struggles with growing online competition. The Wayne, N.J.-based retailer has been burdened with debt since private-equity owners…
Company donates $100,000 for Harvey relief, triples employee contributions for hurricane recovery San Mateo, Calif. (PRWEB) September 06, 2017 Freedom Debt Relief (FDR), a subsidiary of Freedom Financial Network (FFN) an innovative financial services company that enables consumers to overcome debt, build wealth and achieve better financial health has established a charitable contribution fund to…
ON BOARD AIR FORCE ONE, Sept 6 (Reuters) – President Donald Trump backed a three-month increase in the U.S. debt ceiling to help clear the decks in Congress in September and focus on tax reform, White House legislative affairs director Marc Short told reporters on Wednesday. (Reporting by Roberta Rampton, writing by Jeff Mason; Editing…