LUXEMBOURG -(Dow Jones)- European Union finance ministers agreed Tuesday that the bloc’s member states need to restore sound public finances once the extraordinary support they have provided to their economies is withdrawn.
Attorney General files suit against debt collection companies (WTSP-TV Tampa)
Clearwater, Florida — The state attorney general’s office filed two lawsuits against five debt settlement companies. One of the companies accused of bad business practices is located here in the Bay area.
Oracle to Offer $4.5 Billion of Debt in Three Parts (Update2) (Bloomberg)
June 30 (Bloomberg) — Oracle Corp. , the world’s second- largest software maker, plans to sell $4.5 billion of debt in a three-part offering, according to a person familiar with the transaction.
BTA Bank Debt Talks May Slow as Goldman Sachs Quits as Adviser (Bloomberg)
July 1 (Bloomberg) — BTA Bank’s effort to restructure as much as $15 billion of debt may slow after Goldman Sachs Group Inc. resigned as an adviser for Kazakhstan’s largest bank.
UAL’s $175 Million Debt Is Most Expensive Since 2000 (Update1) (Bloomberg)
June 30 (Bloomberg) — United Airlines ’ $175 million in debt issued last week is its most expensive in at least nine years, reflecting the carrier’s need for cash and a dwindling supply of assets to use as collateral.
Going Green to Get Out of Debt (ABC News)
ABC’s Jerika Richardson reports from New York: In an effort to help save some of the world’s disappearing tropical forests the United States is offering Indonesia some much needed debt relief. Today, the Indonesian government signed a “debt-for-nature swap agreement”…
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