| New grads confronted by dizzying loan options
Karen Wons of Maryland finds herself in a quandary that is confronting many parents right now. She is struggling with how best to advise her daughter -- a recent college graduate -- on paying down $25,000 in student loans. Wons did what any wise parent would do. .
Synovus sets October date for TSYS spinoff decision
Synovus Financial Corp. took a major step Tuesday toward possibly spinning off its credit-card processing subsidiary TSYS, saying it wants a final decision by late October. Columbus-based Synovus, which owns nearly 81 percent of TSYS, also headquartered locally, said it will formally ask its board of directors during a regularly scheduled quarterly meeting Thursday to appoint a committee to consider a spinoff and make a recommendation. "Ample time will be given, but our expectation and hope is that this work will be done in a manner to allow us to announce a final decision no later than the third-quarter analysts call," Richard Anthony, Synovus chairman and chief executive officer, told brokerage analysts in a conference call Tuesday afternoon. Such a timetable would mean a decision should come by the third or fourth week of October.
Don't overlook credit unions
Consumers have a plethora of borrowing and saving options, from traditional banks to online-only banks to credit unions and investment brokerages. And while Internet-only banks can offer the most competitive rates for saving and borrowing, credit unions offer a mix of favorable rates and personal service. They're often a good alternative to traditional banks, which still dominate the market. Credit unions are affiliated groups of people who pool their money and lend it to each other. They don't have divided loyalties; they're not trying to serve a customer at the same time as boosting profits and the stock price for shareholders. .
Join Credit Union? It's Worth A Look
Consumers have a plethora of borrowing and saving options, including traditional banks, online-only banks, credit unions and investment brokerages.
And although Internet-only banks can offer the most competitive rates for saving and borrowing, credit unions offer a mix of favorable rates and personal service. They're often a good alternative to traditional banks, which still dominate the market.
Credit unions are affiliated groups of people who pool their money and lend it to each other. They don't have divided loyalties - trying to serve a customer at the same time as boosting profits and the stock price for shareholders.
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TRX Reports Second Quarter 2007 Results
ATLANTA, Aug. 9 /PRNewswire-FirstCall/ -- TRX, (Nachrichten) Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 30 June 2007.
Total revenues excluding client reimbursements for the second quarter of 2007 were $24.5 million compared with $29.4 million in the second quarter of 2006. Net loss for the second quarter was ($0.4) million compared with net income of $1.8 million in the second quarter of 2006. Net loss per diluted share was ($0.02) compared to net income per share of $0.10 per diluted share for the second quarter of 2006.
Revenues from transaction processing services for the second quarter of 2007 decreased to $16.6 million from $19.3 million in the second quarter of 2006.
Watch List (Aug. 5-11): Ah Contraire
In this week's issue we report that: while U.S. homebuilders are still writing down land holdings, others are starting to look at the opportunities that may be coming; U.S. newspapers are taking big hits on troubles in residential real estate; Prudential Real Estate Investors says those troubles are hanging heavy over an otherwise strong commercial market; and CBRE Realty Finance takes a hit on foreclosures; plus other news you'll find only here in the entire column and give you the latest facility closures, permanent mass layoffs and properties on The Watch List. Land Speculators Starting To Awaken With run away asset writedowns and land option contract cancellations by U.S. homebuilders still climbing, it would be a solidly contrarian view to start looking for buying opportunities. However, that is just what Canadian property owner Brookfield Asset Management started talking about this week.
GE Money & Electric & Gas Industries Association Help Homeowners Save Money, Improve Environment with Nationwide Solar ...
ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and the Electric & Gas Industries Association (EGIA), a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions, recently announced a new multi-year relationship to provide revolving and installment consumer financing of residential solar systems through EGIA's GEOSmart Sustainable Financing Solutions loan program. .
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