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Loans

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  • Tribune Publishing says it can carry more debt after spinoff

    Tribune Publishing says it can carry more debt after spinoff
    Tribune Publishing may have the flexibility to carry more than $350 million in debt after its planned spinoff from Tribune Co., which sources say is expected to happen in early August. In an amendment filed with the Securities and Exchange Commission...
  • HEADLINE

    DALLAS Kimberly May credits microlender Accion Texas with rescuing her roofing business in 2007. Three days after Bank of America approved a $40,000 line of credit, the bank rescinded it. But by then, May had ordered materials for upcoming projects and...
  • Holder won't meet with Bank of America on home-loan settlement

    CHARLOTTE, N.C. U.S. Attorney General Eric Holder has refused to meet with Bank of America chief executive Brian Moynihan as the two sides continue to dispute terms of a potential multibillion-dollar settlement involving troubled home loans, a person...
  • American Apparel lender Lion Capital demands $10-million loan be paid

    American Apparel lender Lion Capital demands $10-million loan be paid
    The wealthy playboy behind American Apparel Inc.'s latest crisis isn't ousted Chief Executive Dov Charney. It's a London financier named Lyndon Lea. American Apparel told securities regulators Tuesday that Lea's private equity firm, Lion Capital, has...
  • ECB looks to banks to deliver quantitative easing on its behalf

    FRANKFURT/PARIS (Reuters) - The European Central Bank is hoping a new round of long-term loans will be used by banks to drive down borrowing costs - a substitute for an asset-purchase scheme of its own which would avert a potentially damaging internal...
  • Pump prices likely to dip this week

    Gas prices Gas prices in South Florida are expected to keep declining this week, as concerns recede over supply disruptions in Iraq. But prices spikes could occur later this hurricane-season, should a storm in the Gulf of Mexico affect oil refineries...
  • Abstract Frank Stella sculpture 'Adjoeman' joins Cedars-Sinai artworks

     Abstract Frank Stella sculpture 'Adjoeman' joins Cedars-Sinai artworks
    An enormous abstract sculpture, a sailboat of sorts, rests on a pedestal at the intersection of Beverly and San Vicente boulevards in West Hollywood. Its dark, carbon-fiber sails seem to billow in the wind, and corkscrew spirals of stainless steel, like...
  • Susan Tompor: Young consumers a mix of super savers, debt slaves

    Ebeth Fielder, 22, is like a lot of young consumers when she admits that she has not begun saving in a 401(k) yet. Even Fielder, who makes a living talking to other millennial consumers about money, admits she has a big financial learning curve ahead....
  • Builders, lenders try new tactics to lure buyers

    The housing market's recovery has lost some of its frenzy, but dynamics still at work in the market — a lack of inventory, short market times and worries about mortgage qualifications — are creating opportunities for companies eager to capture...
  • Once-mighty Corinthian Colleges chain is at the end of its run

    MIAMI When Marcela Cash visited the Pompano Beach campus of Everest University recently, the for-profit school wooed the Fort Lauderdale woman with promises of a good new job as a medical assistant. School reps touted their job placement department, and...
  • Boom time for moneylenders as debt pile drags on Thai recovery

    BANGKOK (Reuters) - "Business is great," said Aoy, a moneylender who charges a whopping 10 percent a month interest but finds plenty of takers in Thailand, where a huge pile of household debt is complicating the military government's efforts to revive a...