Movie studio Metro-Goldwyn-Mayer, home of movie franchises such as James Bond and The Pink Panther, proposed a bankruptcy plan that would reduce its debt by $4 billion and put the founders of Spyglass Entertainment in charge of the legendary studio.
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The Treasury Department announced a $1.5 billion lending package to boost small businesses at the state level.
The money will be available to states that can demonstrate that they will generate $10 in new private lending for every dollar of federal funds they receive, Reuters said. This could create a package worth a total of $15 billion.
California will receive $168.62 million,…
Continue reading Treasury Announces $1.5 Billion Small Business Package
Treasury Announces $1.5 Billion Small Business Package originally appeared on DailyFinance on Fri, 08 Oct 2010 06:43:00.
Total consumer debt fell by $3.3 billion in August. And as in July, declining revolving debt, which includes credit cards, accounted for the entire drop. The trend could keep GDP in check, but long term, it’s a positive.
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The average 30-year fixed-rate mortgage fell to a bargain-basement 4.27% for the week ending Oct. 7, a new record low, Freddie Mac announced Thursday. That’s down from the 4.32% rate last week, and way below the 4.87% rate that…
A bill that would make it more difficult to challenge the legality of documents related to foreclosures has passed Congress and is awaiting President Barack Obama’s signature.
The bill was passed through Congress with minimal debate, Reuters reported…