Search Results for “debt”

Museum raises $80M toward Detroit bankruptcy deal 07/16/2014 07:53pm • COREY WILLIAMS Associated Press DETROIT (AP) -- The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's b

In Ga. Senate race, Kingston says he can unite GOP 07/16/2014 02:46pm • BILL BARROW Associated Press ATLANTA (AP) -- Longtime GOP Rep. Jack Kingston is positioning himself as the Senate candidate in Georgia who can bridge the factions of a splintered party waiting for a nominee to emerge in a pivotal midterm race."We've built a coalition that shows conservatives can be

Study: US millennials buying homes later 07/16/2014 02:46pm • JOSH BOAK AP Economics Writer WASHINGTON (AP) -- Don't blame the millennial generation for lackluster home sales.They are increasingly ethnically diverse, more educated and less likely to be married -- all factors that make them less likely to own a home, said a new report released Wednesday by Trul

Musical of film 'Rocky' knocked down on Broadway 07/16/2014 02:22pm • MARK KENNEDY AP Drama Writer NEW YORK (AP) -- The Broadway musical "Rocky" is hanging up its gloves after being battered at the box office.Producers said Tuesday that the show will play its final performance at the Winter Garden Theatre on Aug. 17, after playing 28 previews and 188 regular performan

Macedonia to ban gay marriage in constitution 07/16/2014 01:38pm • SKOPJE, Macedonia (AP) -- Macedonia's parliament has agreed to consider proposed constitutional amendments to effectively ban gay marriage and impose limits on public debt.Lawmakers agreed Wednesday to begin the amendment process proposed by the governing conservatives, who with their political alli

Foreign holdings of US Treasury debt rise in May 07/16/2014 11:45am • PAUL WISEMAN AP Economics Writer WASHINGTON (AP) -- Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high.The Treasury Department reported Wednesday that total foreign holdings rose 0.3 percent to $5.98 trillion, up from $5.96 trillion in April.China, the

Italy's Gtech buying IGT for $4.7B 07/16/2014 11:41am • LAS VEGAS (AP) -- The Italian lottery operator Gtech is buying slot machine maker International Game Technology for $4.7 billion in cash and stock.Including $1.7 billion in debt, the companies on Wednesday valued the deal at $6.4 billion.Gtech said last month that it was in talks with the Las Vegas

Euro healing, but still distant No. 2 to US dollar 07/16/2014 09:48am • DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) -- International investors are regaining their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up.But the euro, which is shared by 18 countries, fell further behind the U.S. dollar last year in

Tobacco firm Reynolds American to buy Lorillard 07/16/2014 07:00am • MICHAEL FELBERBAUM AP Tobacco Writer RICHMOND, Va. (AP) -- Joe Camel is bulking up to take on the Marlboro Man.Camel cigarette maker Reynolds American Inc.'s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria. It a

Chris Christie releases mock movie trailer 07/15/2014 03:19pm • JILL COLVIN Associated Press NEWARK, N.J. (AP) -- New Jersey Gov. Chris Christie is channeling Hollywood in his push for more cuts to state workers' benefits.The governor's office released a trailer Tuesday for a fake summer blockbuster movie titled "No Pain. No Gain."The trailer features clips of C

Tribune sets Aug. 4 date for publishing spinoff 07/15/2014 01:20pm • NEW YORK (AP) -- The Tribune Co. has set Aug. 4 as the date for the expected spinoff of its newspaper publishing business.It first announced plans to separate its television and print businesses a year ago. The company has said the move will let one company take advantage of growth in broadcasting a

Albemarle buying Rockwood in $6.2B deal 07/15/2014 12:50pm • BATON ROUGE, La. (AP) -- Specialty chemicals company Albemarle is buying counterpart Rockwood Holdings Inc. in a cash-and-stock deal valued at about $6.2 billion.Rockwood shareholders will receive $50.65 in cash and 0.4803 of a share of Albemarle common stock for each share they own. The deal values

Argentina's gutsy World Cup team is welcomed home 07/15/2014 11:36am • LUIS ANDRES HENAO Associated Press BUENOS AIRES, Argentina (AP) -- Argentina's national team was welcomed home Monday by thousands of fans celebrating its gutsy performance in the World Cup final.The team arrived in Buenos Aires on a plane painted with images of the players and a large sign reading:

US consumer bureau sues debt-collection law firm 07/15/2014 09:50am • JEFF HORWITZ Associated Press WASHINGTON (AP) -- The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits.The bureau's claim, filed in federal court in Atlanta, states that Fr