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The Associated Press • November 22, 2009 NEW ORLEANS — When Rene Acremont and his wife, Samantha, opened a Tropical Smoothie Cafe franchise in Slidell in September, the process was seamless. The couple applied for and shortly...
Reports to the Treasury confirm what small business owners have known all year: Banks are cutting back on Main Street lending. Eight months after President Obama began prodding the nation's banks to increase their small...
FDIC Expects Cost of Bank Failures to Hit $100 Billion in 4 Years (AP) Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling...
NEW YORK, Nov 20 (Reuters) - Sellers of protection on CIT Group's bonds will pay buyers 31.88 percent the insurance they sold, after an auction was held on Friday to set a value for the company's credit default swaps.
Chief U.S. Bankruptcy Judge Stephen Raslavich agreed today to extend until at least Jan. 31 the period during which Philadelphia Newspapers L.L.C. has the exclusive right to propose a reorganization plan for its newspapers and...
The runner-up gets $50,000. Founder and Chief Executive Officer Chris Hurley says Revolutionary Angels offers novice entrepreneurs a shot at financing as well as advisory services at a time when they're hard-pressed to find...
by: Daniel Harrison November 20, 2009 | about: Daniel Harrison About this author: ) sponsoring a $500 million loan package for small businesses in the wake of this year’s largest bankruptcy, that of small- and medium-sized...
NEW YORK (Reuters) - CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year.
The U.S. real estate arm of Africa Israel Investments has tentatively agreed with creditors to restructure its disastrous acquisition of the former New York Times headquarters in a deal that will wipe out $400 million in debt.
Provides Notice of Election to Eligible Holders of Class 8 Long-dated Senior Unsecured Notes CIT Group Inc. (OTC: CITGQ.PK), a leading provider of financing to small businesses and middle market companies, today announced...
