Monthly Archives: July 2021

Firm Hired to Help People Pay Off Suddenly Closes – WSOC TV

Some Channel 9 viewers who thought they were tackling their debt are looking for answers after the sudden shutdown of the company they hired to help them. Several people contacted Action 9 and said they paid Carolina Legal Services hundreds of dollars each month to help them out of the red. Now that the business […]

The tractor offer continues to strengthen its traction: 3 first results of the second quarter to remember

Building on its success in the first quarter, the big box retailer Tractor supply (NASDAQ: TSCO) paved the way for continued growth by beating analyst estimates both up and down during the second quarter. The company received a spring boost with favorable weather conditions leading customers to purchase gardening and outdoor supplies and equipment, and […]

Wonderla plans to buy over-indebted theme parks

Wonderla Holidays has earmarked investments worth 500 crore to establish small-scale parks and resorts, coupled with the acquisition of some over-indebted theme parks in the country and the upcoming installation in Chennai . After Covid, several theme parks across the country are in financial crisis or have gone bankrupt with the pandemic that hit their […]

Media and entertainment funds: an alternative investment opportunity

An investment in the entertainment industry in thought is very similar to the real estate industry in that both are based on the cash flow of a particular project. However, the entertainment industry has an added advantage with multiple cash flows accumulating over decades given the rapid rise of OTT and other ancillary platforms. Additionally, […]

Beaumont council seeks to borrow millions for street and drainage repairs

The city of Beaumont could soon devote an additional $ 33 million to improving municipal drainage ditches, its storm water system and various streets, among other projects. The money would come from debt issued in the form of “bond certificates” that would be repaid $ 2.1 million per year over 20 years, CFO Todd Simoneaux […]

Poll: Almost a third owe more than $ 30,000 in student loans

About 30% of people polled in a July survey by US News say they owe more than $ 30,000 in student loans. Unfortunately, although almost a quarter owe $ 10,000 or less, some owe significantly more. Over 11% say they repay more than $ 50,000 in student loans. What many former students face, no matter […]

Altria Group (NYSE: MO) is not yet restructuring its debt.

Altria Group, Inc. (NYSE: MO) is a major player in the tobacco industry. With well-known brands like Marlboro and a portfolio of other tobacco products, the company has expanded into other businesses as well, but is now looking for exits and focusing on its core business. Yet, over the past 5 years, the debt ratio […]

US patent granted to Stablecoin concept backed by government debt

Two co-founders of Puerto Rico-based digital bank FV say they became the first in history to secure a U.S. patent for a stablecoin design based solely on government debt. The patent application, filed last year on the back of a pre-existing patent by Nitin Agarwal and Miles Paschini, describes their instrument as a “tokenized crypto […]

Lynx Global Completes Acquisition of Majority Stake in EMI Approved Banking Institution in South East Asia

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. Vancouver, British Columbia – (Newsfile Corp. – July 21, 2021) – Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0) (“Lynx” or the “Company”) is pleased to announce that on July […]

Recommended benchmarks or credit sensitive indices: the best way forward? | Arent Renard

General In the United States, SOFR is the recommended benchmark but has not been widely adopted. In the UK, SONIA is the recommended benchmark and has been widely adopted. What is best to use depends mainly on the combined debt and interest rate swap situation of the company and the bank. Recommended references The positive […]