| Report: University of Nevada, Reno alumni group paid by loan firm
RENO, Nev. (AP) - The alumni association at the University of Nevada, Reno received money from a student loan consolidation company in exchange for names of alumni and exclusive rights to UNR's logo in promotional material, the Las Vegas Review-Journal reported. Over the past four years, UNR's alumni association received $88,400 from Nelnet Inc., the nation's second-largest student loan consolidation company, according to the New York Attorney General's Office, which has been investigating ties between student loan lenders, universities and administrators. On Wednesday, New York Attorney General Andrew Cuomo announced an expansion of the probe to include whether top college athletic departments steered athletes and other students to loan companies in exchange for kickbacks. No Nevada schools were among 39 nationwide served with subpoenas and requests for documents in that aspect.
(AFX UK Focus) 2007-07-24 09:30 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST
2007-07-24 09:00:04 Japan's JVC, Kenwood to form capital, business alliance TOKYO (Thomson Financial) - Struggling maker of consumer electronics Victor Co of Japan Ltd (JVC), car electronics maker Kenwood Corp and the biggest shareholder in Kenwood, Sparx Group Co Ltd, agreed Tuesday to form a comprehensive capital and business alliance. 2007-07-24 08:50:19 BROKERWATCH Deutsche Boerse reiterated as 'overweight' by Morgan Stanley FRANKFURT (Thomson Financial) - Morgan Stanley reiterated its 'overweight' rating on Deutsche Boerse AG while maintaining its target price at 107 eur per share as it included the German stock operator in its best financials feature. 2007-07-24 08:27:48 BROKERWATCH AWD Holding raised to 'overweight' from 'neutral' at JP Morgan FRANKFURT (Thomson Financial) - JP Morgan upgraded its stance on AWD Holding AG to 'overweight' from 'neutral' while slightly lowering its price target to 14.40 eur per share from 15.20, according to a trader.
End the Vicious Cycle of Credit Card Debt
Bills.com cites 5 ways to achieve personal financial freedom now. San Mateo, Calif. (PRWEB) July 25, 2007 -- American consumers who are bold enough to take a mid-summer pulse of their personal finances may find more debt than ever before. American families owed a total of $895 billion on credit cards at the end of May (Source: Federal Reserve) -- and Bills.com co-founder and co-CEO Brad Stroh reports that Americans must take steps now to end the vicious cycle of debt. "Debt has become a growing problem, and many Americans need to find a solution. With uncertainty about the future of housing prices, the high cost of oil, and record hikes in health care and higher education costs, many people are on the precipice of financial disaster. Americans are playing with fire by maintaining an average credit card debt load approaching $10,000 per household (Source: CardData.com)," Stroh said.
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. .
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. .
Valassis Announces Financial Results for the Second Quarter Ended June 30, 2007
LIVONIA, Mich., July 31 /PRNewswire-FirstCall/ -- Valassis today announced financial results for the second quarter ended June 30, 2007. The company reported quarterly revenues of $612.1 million, up 134.9% from the second quarter of 2006, due to the acquisition of ADVO, Inc. (ADVO) that was completed on March 2, 2007. Second-quarter net earnings were $9.8 million, or $0.20 in earnings per share (EPS). For the second quarter, operating income was $40.6 million and adjusted EBITDA* was $63.1 million. Adjusted free cash flow* was $25.1 million for the quarter.
"Since the close of the ADVO acquisition on March 2, we have been extremely pleased with our efforts to reduce costs and capital expenditures as we focus on maximizing free cash flow," said Alan F. Schultz, Valassis Chairman, President and CEO.
(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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