Her life insurance was a good idea she may no longer need (Minneapolis-St. Paul Star Tribune)
May 31st, 2009
QDo I still need life insurance? I am a 51-year-old single woman whose two daughters have gotten their college degrees and are working and living on their own.
Banks sue former Kmart CEO, alleging unpaid loans (San Francisco Chronicle)
May 30th, 2009
Former Kmart Corp. chairman and CEO Joseph Antonini is being sued by five banks accusing him of defaulting on more than $2.3 million in loans and promissory notes. Antonini’s wife Kathleen and two of his businesses, JEA Automotive Group and JEA Enterprises,… Related: Kathleen - Promissory note - Business - Financial services - Kmart
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Banks sue former Kmart CEO, alleging unpaid loans (AP via Yahoo! News)
May 30th, 2009
Former Kmart Corp. chairman and CEO Joseph Antonini is being sued by five banks accusing him of defaulting on more than $2.3 million in loans and promissory notes.
Conn. Senate votes to open health insurance plan (Boston Globe)
May 30th, 2009
The Connecticut Senate sent Gov. M. Jodi Rell a bill Saturday that opens the state’s employee and retiree health insurance plan to municipalities, small businesses and nonprofit agencies.
Hurricane insurance harder to get, costs up as 2009 storm season starts (Minneapolis-St. Paul Star Tribune)
May 30th, 2009
CHARLOTTE, N.C. - As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change.
Troubled Bank Loans Hit a Record High (New York Times)
May 30th, 2009
Old-fashioned loans in unprecedented amounts are going bad, and the overall quality of loans is deteriorating at the fastest pace ever.
Gov’t allows short-term loans for tax credit (AP via Yahoo! News)
May 30th, 2009
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.
Loans Help Homeowners Utilize Tax Credit (CBS News)
May 30th, 2009
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit that was designed to boost the battered U.S. housing market.
‘Lion’s Share’ of Junk Bonds Used to Refinance Leveraged Loans (Bloomberg)
May 30th, 2009
May 29 (Bloomberg) — Harrah’s Entertainment Inc. , the world’s biggest casino company, and Leap Wireless International Inc. led companies selling $21.9 billion of speculative-grade bonds in May, the most since June 2007, as the riskiest borrowers raise cash to repay bank loans.
NATIONAL : Dont Rely Too Much on Foreign Loans: VP (Kompas)
May 30th, 2009
Vice President Jusuf Kalla said Indonesia should try to be self-reliant and not depend too much on foreign loans