Search Results for “debt”

Bulgaria's Corpbank facing bond repayment deadline 08/07/2014 02:40pm • VESELIN TOSHKOV Associated Press SOFIA, Bulgaria (AP) -- At the end of its first week in office, Bulgaria's interim government is facing its first serious challenge with the expectation that the Corporate Commercial Bank, or Corpbank, won't repay a $150 million bond maturing this Friday.If it doesn'

Mexican Senate approves opening of oil sector 08/07/2014 09:06am • E. EDUARDO CASTILLO Associated Press MEXICO CITY (AP) -- Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.The package of new laws

Aide to ex-Va. 1st lady: No signs of marital woes 08/06/2014 06:43pm • LARRY O'DELL Associated Press RICHMOND, Va. (AP) -- The onetime chief of staff to Virginia's former first lady said Wednesday that she never saw any hint of a romantic relationship between her boss and a wealthy businessman.Mary-Shea Sutherland testified in the public corruption trial of former Gov.

Mexican Senate nears final vote on oil opening 08/06/2014 06:18pm • E. EDUARDO CASTILLO Associated Press MEXICO CITY (AP) -- Mexico's Senate debated the final pieces of legislation Wednesday needed to enact a dramatic expansion of the role of foreign and private companies in the state-run oil industry.The Senate was expected to approve the final packages of laws to

Gannett splits publishing, broadcasting in two 08/06/2014 02:54pm • MAE ANDERSON AP Business Writer NEW YORK (AP) -- The game of survival is on for newspapers, as USA Today owner Gannett on Tuesday became the most recent major media entity to say it will divide its print and broadcast divisions into separate companies.As consumers continue to gravitate toward online

Russian tourists stranded abroad as crisis deepens 08/06/2014 02:14am • LAURA MILLS Associated Press MOSCOW (AP) -- Last week, tens of thousands of Russians sunning themselves on Italian beaches and Turkish resorts received an unpleasant surprise: their tour companies had gone bust, stranding them and forcing them to pay double for a ticket to get home.The bankruptcy is

Michigan GOP US House incumbent loses primary 08/06/2014 01:05am • DETROIT (AP) -- Republican U.S. Rep. Kerry Bentivolio, considered by some to be an "accidental" congressman, was easily defeated Tuesday in a Michigan district and became the third U.S. House incumbent to lose his seat this year.Lawyer and businessman David Trott, 53, who contributed nearly $2.5 mil

Obama seeks executive ways to limit tax inversions 08/05/2014 07:15pm • JOSH LEDERMAN Associated Press WASHINGTON (AP) -- Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from reincorporating overseas to shirk U.S. taxes, officials said Tuesday.President Barack Obama has denounc

Wall Street slide ... Gannett splits print and broadcast divisions ... Obama-Tax Inversions 08/05/2014 06:10pm • NEW YORK (AP) -- Renewed investor worries about instability in the world, particularly the situation in Ukraine, took a toll on the stock market today. The Dow Jones industrial average fell nearly 200 points at one juncture, but recovered some of the losses in the last 30 minutes of trading. Concern

Tenn. man admits killing in-laws with lamp-bomb 08/05/2014 04:58pm • LUCAS L. JOHNSON II Associated Press LEBANON, Tenn. (AP) -- A Tennessee man pleaded guilty Tuesday to killing his mother- and father-in-law with a bomb disguised as a lamp to get out of repaying the couple a $40,000 debt.Richard Parker entered the plea Tuesday in Wilson County Criminal Court in a de

Target lowers forecast, estimates breach costs 08/05/2014 11:44am • NEW YORK (AP) -- Target has lowered its second-quarter forecast citing the promotional discounts it had to use to attract shoppers.The Minneapolis-based retailer also said Tuesday it expects gross expenses tied to a massive data breach this past winter to come to $148 million in the period, which wi

Wall Street performance improves ... GM-Website problems ... Argentina debt restructuring 08/05/2014 07:40am • NEW YORK (AP) -- The stock market enters the new day on an upward swing, thanks to solid earnings from Berkshire Hathaway and a bank rescue in Europe. These two factors played an outsized role in Wall Street's improved performance yesterday compared to last week, which was the worst since 2012. The

Portugal bank collapse and rescue raises questions 08/05/2014 05:30am • BARRY HATTON Associated Press LISBON, Portugal (AP) -- A new Portuguese bank appeared Monday, born from the ruins of a collapsed business empire, and declared on its website that it was now "stronger and safer."Investors rattled by the eurozone's latest financial drama will, however, need more reass

Argentina loses bid to oust debt dispute mediator 08/04/2014 11:54pm • BEN FOX Associated Press BUENOS AIRES, Argentina (AP) -- A U.S. judge on Monday turned back an effort by Argentina's government to remove the court-appointed mediator in the dispute with creditors that triggered a default by the country last week.U.S. District Judge Thomas P. Griesa dismissed Argent