| GE Money and Southern States Join Forces for Strategic Growth
ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and Southern States Cooperative, one of the nation's largest farmer-owned cooperatives, announced a new multi-year relationship to provide new financing options through GE Money's private label credit program. The program will be offered at the cooperative's more than 1,100 retail outlets across 23 states. With 300,000 farmer members and fiscal 2006 sales of $1.6 billion, Southern States is a leading supplier of agricultural products and service east of the Mississippi River. .
Health insurance, credit on minds of many young adults
The glow of high school graduation parties in June is starting to fade, and with it comes the realization new, real-world challenges await as students either head off to college or begin their lives in the world of work. And a big part of that reality is financial, with the lure of quick credit and having to leave parents' health insurance plans create a quick monetary dilemma for many. .
GetSmart.com Suggests Ways to Use a Home Equity Loan
A Home equity loan can be a useful, tax deductible, way to tap equity that you have accumulated in your home. As long as you borrow wisely, this may be a good resource for some much needed cash. Charlotte, N.C. (PRWEB) August 10, 2007 -- Whether you're looking to pay for a costly education, find funding to renovate your home, or cover the costs of a large unexpected expense, you might want to consider a home equity loan. Home equity loans are great alternatives to putting major expenses on a credit card, and have a much lower interest rate. A home equity loan gives the borrower a lump sum of money at a fixed interest rate, with your home used to guarantee the loan. The borrower then pays the money back in monthly installments. So when is getting a home equity loan a good idea? GetSmart.com shares some insight: College tuition
If you need access to money to finance your child's college education, a home equity loan is something you may want to consider, particularly if your child doesn't qualify for a student loan.
Rein in spending and avoid credit-card debt
Question: I have credit-card debt at high interest rates on several cards, as well as student loans. Going into my last year in college and being wary of the future, carrying this debt scares me. I have been wondering if I should consider a debt-consolidation loan. What do you think? Answer: I am not a fan of consolidation loans. What attracts most people to consolidation loans is the potentially lower monthly payments. However, the main drawback of such loans is that they usually raise a person's average interest rate on his debt. .
Finance, Accounting and Consultancy
The subprime mortgage market consists of loans to borrowers with high credit risk, and the mechanisms that have evolved to originate, service, and finance those loans. While this market has existed since the early 1980s, it was not until the mid-1990s that the growth of the subprime industry gained significant momentum. .
(AFX UK Focus) 2007-08-02 09:30 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
2007-08-02 08:31:40 News Corp revives Sky Italia IPO plan - report MILAN (Thomson Financial) - News Corp has revived the idea of listing its satellite pay-TV unit Sky Italia on the Milan bourse, in an operation which could value the company at 3.3 bln eur, the Il Sole 24 Ore daily said in an unsourced report. 2007-08-02 08:28:51 Deutsche Boerse July turnover up 105 pct yr-on-yr to 237.4 bln eur FRANKFURT (Thomson Financial) - Deutsche Boerse AG said turnover on both its Xetra trading platform and on its trading floor in July was 237.4 bln eur, representing a 105 pct increase from the same period last year. 2007-08-02 07:57:13 Taiwan's KGI Securities ratings affirmed on improved revenue diversity - Fitch MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Taiwan's KGI Securities Co Ltd's ratings with a stable outlook reflecting KGI's improved revenue diversity by products and geography, operational efficiency in brokerage, relatively sophisticated risk management, and adequate liquidity and capitalisation.
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