Big Financial Leaps For Small Enterprises

Forbes 2011 financial report came out with some very interesting news and surprising unheard of companies that really rocked the financial world. Many huge conglomerate companies that we all expect to really be on top of the financial reports were actually reporting slow lending, losses and basically overall poor results. Even with some of the poor and unexpected reports there was some interesting news that surfaced.

The Mexican billionaire Ricardo Salinas is considering bringing his micro-lending business to the United States where he will focus on lending to women. Salinas stated "Because 85 percent of women owned businesses can be considered micro enterprises that a well managed micro financing program would be a great asset. Personal Loans Pro is yet another surprise that hit reports primarily due to its diversity of providing nationwide assistance to people that have bad credit but their Online Personal Loans program is also designed to provide people with the best interest rates found nationwide. Providing nationwide services and instant online application processing definitely provides convenience and outstanding results.

Saturday November 01, 2014 Finance No Comments

First Take: Beginning of the end of easy money

Quantitative easing has died for the third time, but easy money lives.

Were writing the eulogy on the most extreme Federal Reserve intervention in history, says Guy LeBas, chief fixed income strategist at Janney Montgomery Scott. But interest rates will remain low for years to come, he says.

The Federal Reserves job of keeping the economy humming was extraordinarily difficult during the 2007-09 financial crisis. The housing market collapsed; banks and investors stopped lending; the stock market endured its worst fall since the Great Depression; unemployment soared.

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Saturday, November 1st, 2014 Money No Comments

Why Your Money Is Still Not Safe Enough in Money Funds

A money fund is a strange animal. Unlike other mutual funds whose share prices rise and fall along with the value of their assets, a money fund is designed to act like a bank account: Every dollar you put in buys a share, and youre supposed to be able to take out your money at least dollar for dollar no matter what happens in the market. For that reason, money funds typically hold safe, short-term investments.

Still, sometimes losses in a money funds underlying assets make each share worth less than a dollar. When that happens, a sponsor must fork over its own money to prop up the fund (as has happened many times) or it can break the buck and stick investors with a sudden,...

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Friday, October 31st, 2014 Money No Comments

Asia Now Announces Proposed Shares for Debt Settlement

TORONTO, ONTARIO–(Marketwired – Oct. 15, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Asia Now Resources Corp. (TSX VENTURE:NOW) (ANR or the Corporation) announces a proposed issuance of 1,497,600 common shares in the capital of the Corporation (each, a Common Share) at a deemed price of $0.05 per Common Share to settle quarterly interest payment obligations in the aggregate amount of $74,880. The Common Shares proposed for issuance represent the interest payments that have accrued from July 1, 2014 until September 30, 2014 on the Corporations senior unsecured convertible debentures (the Convertible Debentures)...

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Friday, October 31st, 2014 Debt Settlement No Comments

GT Advanced signs debt-settlement agreement with Apple

In a disclosure made at a Springfield, Mass., bankruptcy court on Tuesday, GT Advanced Technologies – which had filed for Chapter 11 bankruptcy protection on October 6 – said that it has worked out an agreement with its biggest creditor, Apple, for settling its debt to the tech giant.

The deal, which has not yet been approved by court, was reached by the lawyers for both GT and Apple on Tuesday. Under the terms of the deal, GT will retain the ownership of more than 2,000 furnaces – which were used for producing sapphire crystals for the screens and lenses of Apple devices – installed at the Apple-financed Mesa, Arizona, plant.

As per the deal, GT will...

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Friday, October 31st, 2014 Debt Settlement No Comments

PenFed Credit Union Contributes $100000 to Help USO Bring Platinum …

ALEXANDRIA, Va., Oct. 21, 2014 /PRNewswire-USNewswire/ –Pentagon Federal Credit Union (PenFed) and the USO have partnered to present a family-friendly concert featuring platinum recording artist Trace Adkins at Fort Hood Saturday, Nov. 1, 2014. The moment-filled, morale-boosting USO concert is designed to thank the members of the Fort Hood military community for their service, and help bring camaraderie, fun, and good times to troops and their families. Early last month, PenFed presented the USO with a generous donation of $100,000 to help fund the costs of the upcoming concert.

PenFed President and CEO, James R. Schenck said, As a former Army officer, I know what it means for morale...

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Friday, October 31st, 2014 Automobile Loans No Comments

Bosnia’s Aluminij agrees USD 80 million debt settlement

(Follow @MetalsGuru on Twitter for important updates)

Reuters reported that Bosnias aluminium smelter Aluminij Mostar was on a path to recovery after a regional government approved a debt settlement deal with state owned power board EPHZHB.

The Balkan countrys sole aluminium smelter, which is also its top exporter, narrowly avoided closure several times in 2013 and this year because of its growing debt.

Like others smelters across the world, Aluminij has been hit by high electricity prices and a sharp fall in aluminium prices in the last three years caused by oversupply.

The government of the autonomous Bosniak Croat Federation, which owns 44% of the smelter, on Tuesday...

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Friday, October 31st, 2014 Debt Settlement Comments Off

How to Settle Debts When You Can’t Pay Them Back

Being in debt isnt great. Being unable to pay your debt is even worse. While no one likes dealing with debt collectors, doing so can help make your debt more manageable-and maybe even reduce how much you owe through the process of debt settlement.

This post is part of our Evil Week series at Lifehacker, where we look at the dark side of getting things done. Knowing evil means knowing how to beat it, so you can use your sinister powers for good. Want more? Check out our evil week tag page.

Debt settlement is the process through which companies can collect payment on a debt that you cant necessarily payback. To put it simply, life happens. You take...

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Friday, October 31st, 2014 Debt Settlement Comments Off

Compania Minera Chanar Blanco S.A. report on holdings of common shares of …

TORONTO, Oct. 27, 2014 /PRNewswire/ – Compania Minera Chanar Blanco SA
(Chanar Blanco) announces that on October 24, 2014, Chanar Blanco, a company
controlled by Mario Hernandez, a director and officer of Cerro Grande
Mining Corporation (the Company), purchased 11,245,000 units of securities of the Company (each, a Unit) at a price of CDN$0.05 per Unit for aggregate cash proceeds to the
Company of US$500,000 (CDN$562,250) (the Placement). Each Unit comprises one common share of the Company (each a Common Share) and one Common Share purchase warrant (each, a Warrant) with each Warrant exercisable to acquire one Common Share until
October 24, 2019 at a price...

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Thursday, October 30th, 2014 Debt Settlement Comments Off

GB Minerals Ltd. Announces Completion of Debt Settlement Transactions

Vancouver, British Columbia–(Newsfile Corp. – October 1, 2014) – GB
Minerals Ltd. (TSXV: GBL) (the Company) is pleased to
announce that it settled an aggregate of C$752,058.91 in outstanding debt owed
to creditors for consulting and advisory services provided to the Company and to
former and current directors of the Company for their outstanding directors
fees (the Creditors, each a Creditor) by issuing to such
Creditors, in the aggregate, 10,027,454 common shares of the Company (the
Shares) at a deemed price of C$0.075 per Share (Debt
Settlement).

The directors of the Company with whom the Company entered into
an agreement...

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Thursday, October 30th, 2014 Debt Settlement Comments Off

Arvest Mortgage originates $1 billion in home loans this year

Arvest Mortgage Company announced Tuesday (Oct. 21) that it originated more than $1 billion in mortgage loans – both refinance and purchase money loans – through Sept. 30, 2014. Arvest said it had closed a total of 6,853 loans with combined loan value of $1,012,205,070 by Sept. 30 this year, marking the 12th consecutive year Arvest has reached this milestone.

Continuing the trend of the last two years, refinance loans declined while purchase money loans grew as a percentage of total mortgage loan volume. The mix between purchase money and refinance loans at Arvest has inverted since 2012.

This year new purchase loans accounted for 68% of the mortgage originations,...

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Thursday, October 30th, 2014 Refinance Loans Comments Off