(Reuters) - Earlier on Tuesday, Meridian's board said the deal did not
properly value the company.
Read more at Reuters.com Mergers News
properly value the company.
Read more at Reuters.com Mergers News
Tuesday, July 31, 2007
RAIT Financial says American Home has not made payments
(Reuters) - Earlier in the day, American Home, a large U.S. mortgage
provider, said it can no longer fund home loans and may
liquidate assets, putting its survival in doubt.
Read more at Reuters.com Bonds News
provider, said it can no longer fund home loans and may
liquidate assets, putting its survival in doubt.
Read more at Reuters.com Bonds News
UPDATE 2-Nelnet agrees to a $2 mln settlement with New York
(Reuters) - Cuomo, as part of his sweeping probe into the $85 billion a
year student-loan business, had accused Nelnet of making
payments to college alumni groups in exchange for getting loan
referrals. As part of the settlement, Nelnet agreed to stop
making these payments and to adopt other reforms.
Nelnet previously agreed to pay $1 million to settle an
investigation by Nebraska's attorney general. The $2 million
under the New York pact will be paid into Cuomo's fund for
educating high school seniors about financial aid.
Read more at Reuters.com Market News
year student-loan business, had accused Nelnet of making
payments to college alumni groups in exchange for getting loan
referrals. As part of the settlement, Nelnet agreed to stop
making these payments and to adopt other reforms.
Nelnet previously agreed to pay $1 million to settle an
investigation by Nebraska's attorney general. The $2 million
under the New York pact will be paid into Cuomo's fund for
educating high school seniors about financial aid.
Read more at Reuters.com Market News
Indonesia currency in line with fundamentals - IMF
(Reuters) - The IMF said in a regular review of the country's economic
health that future surges in capital inflows should be tackled
by letting the currency appreciate, tempered by intervention to
prevent excessive moves, while cutting interest rates.
Read more at Reuters.com Bonds News
health that future surges in capital inflows should be tackled
by letting the currency appreciate, tempered by intervention to
prevent excessive moves, while cutting interest rates.
Read more at Reuters.com Bonds News
Cache, Dow Jones, Faro, Gymboree, RAIT Financial: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 2:40 p.m. in New York.
Aftermarket Technology Corp. (ATAC US) rose the most since
August 2001, jumping $4.84, or 18 percent, to $31.33. The car-
parts maker increased its 2007 forecast, saying it expects to
earn $1.55 to $1.70 a share. The company earlier predicted profit
of as much as $1.55.
Read more at Bloomberg Stocks News
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 2:40 p.m. in New York.
Aftermarket Technology Corp. (ATAC US) rose the most since
August 2001, jumping $4.84, or 18 percent, to $31.33. The car-
parts maker increased its 2007 forecast, saying it expects to
earn $1.55 to $1.70 a share. The company earlier predicted profit
of as much as $1.55.
Read more at Bloomberg Stocks News
Yen Poised for Biggest Monthly Gain in Three Years Versus Dollar on Risks
(Bloomberg) -- The yen rose, heading for the biggest
monthly advance in almost three years against the dollar, on
concern losses from U.S. subprime mortgages will drive investors
from riskier assets.
The Japanese currency has gained against all 16 major
currencies tracked by Bloomberg this month as investors pared
higher-yielding investments funded by loans in Japan, a practice
known as the carry trade. U.S. stocks dropped, erasing early
gains, and a gauge of corporate bond risk increased, adding to
yen buying today.
Read more at Bloomberg Currencies News
monthly advance in almost three years against the dollar, on
concern losses from U.S. subprime mortgages will drive investors
from riskier assets.
The Japanese currency has gained against all 16 major
currencies tracked by Bloomberg this month as investors pared
higher-yielding investments funded by loans in Japan, a practice
known as the carry trade. U.S. stocks dropped, erasing early
gains, and a gauge of corporate bond risk increased, adding to
yen buying today.
Read more at Bloomberg Currencies News
Central Florida counties aboard for $615 mln rail project
(Reuters) - Volusia County, the last local signatory needed, on Tuesday
committed to helping pay the tab for the rail system, which
will be financed through 30-year fixed guideway bonds issued
through the state of Florida.
"The train is here. It's not coming. It's here," Volusia
County Councilman Jack Hayman said after a unanimous vote in
favor of the plan.
Read more at Reuters.com Bonds News
committed to helping pay the tab for the rail system, which
will be financed through 30-year fixed guideway bonds issued
through the state of Florida.
"The train is here. It's not coming. It's here," Volusia
County Councilman Jack Hayman said after a unanimous vote in
favor of the plan.
Read more at Reuters.com Bonds News
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