Posts Tagged ‘Credit’

Q.E.P. Co., Inc. Completes Acquisition of ArborCraft Floors and Simultaneously Expands Its Credit Facilities

Q.E.P. Co., Inc. Completes Acquisition of ArborCraft Floors and Simultaneously Expands Its Credit Facilities
BOCA RATON, Fla. — Q.E.P. CO., INC. today announced that on Friday, February 12, 2010, it completed the acquisition of substantially all of the assets and the assumption of certain liabilities of ArborCraft, LLC.

Read more on GlobeNewswire via Yahoo! Finance

China raises bank reserve level to cool credit

China raises bank reserve level to cool credit
China ordered banks Friday to increase reserves for a second time in a month to cool a credit boom without resorting to interest rate hikes that might derail a recovery in the world’s third-largest economy.

Read more on USA Today

Fannie, Freddie Spreads Narrowest in 17 Years: Credit Markets

Fannie, Freddie Spreads Narrowest in 17 Years: Credit Markets
Feb. 12 (Bloomberg) — Traders are driving relative yields on Fannie Mae and Freddie Mac mortgage bonds that most influence the interest rates consumers pay to the lowest in 17 years, speculating cash the companies use to buy delinquent loans will be recycled back into the securities.

Read more on Bloomberg

Bond Sales Tumble 90%, Junk Returns Go Negative: Credit Markets

Bond Sales Tumble 90%, Junk Returns Go Negative: Credit Markets
Feb. 11 (Bloomberg) — Investment-grade debt sales are drying up and returns on high-yield bonds have turned negative for the year as investors wait to see whether European leaders can contain Greece’s budget crisis.

Read more on Bloomberg

Economy takes heavy toll on local credit unions

Economy takes heavy toll on local credit unions
Fifty-three million dollars sounds like a lot of money to lose in one year. And it is, when you consider what the number says about the local economy. It’s how much money, in total, the nine remaining, Kern-based credit unions reported losing last year.

Read more on The Bakersfield Californian

U.S. Consumer Credit Fell for 11th Straight Month (Update1)

U.S. Consumer Credit Fell for 11th Straight Month (Update1)
Feb. 5 (Bloomberg) — Consumer credit in the U.S. declined in December for an 11th straight month, signaling a lack of job growth and limited bank lending are discouraging borrowing.

Read more on Bloomberg

Obama moving to expand credit for small businesses

Obama moving to expand credit for small businesses
WASHINGTON (Reuters) – President Barack Obama, looking for ways to drive down high U.S. unemployment, will announce plans on Friday to expand credit for small businesses, a main source of job creation in the United States.

Read more on Washington Post

Check ‘n Go Releases Video: Credit Card Cash Advance Versus Payday Loan

Check ‘n Go Releases Video: Credit Card Cash Advance Versus Payday Loan
Today, Check ‘n Go, a provider of payday loans, title loans, installment loans and other consumer financial products lender, released “Credit Card Cash Advance Versus Payday Loan.” This video helps potential customers understand the fees associated with a credit card cash advance and, in a straightforward way, illustrates the differences between credit card cash advances and credit card …

Read more on PRWeb

Ways to solidify your credit in these shaky times

Ways to solidify your credit in these shaky times
If you must borrow money these days, brace yourself to run into a brick wall. Here’s how to improve your prospects for a loan.

Read more on The Cincinnati Enquirer

Russia’s OMK gets 347 mln euro credit for new mill

Russia’s OMK gets 347 mln euro credit for new mill
MOSCOW, Jan 28 (Reuters) – Russian steel pipe maker OMK said on Thursday its Vyksa Steel Works had received a 347 million euro ($487.2 million) syndicated loan to finance a 5,000 mm plate mill scheduled to begin operations in 2011.

Read more on Reuters via Yahoo! Malaysia News