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1-10 results from 1000 for query «debt»

March 22, 2017 3:36 PM Puerto Rico governor grilled on timetable for PREPA deal

Puerto Rico's governor on Wednesday told a Congressional committee the island's debt-laden power utility, PREPA, could undergo an in-court restructuring process akin to U.S. bankruptcy "if a [consensual] deal is not able to be executed." Speaking before a U.S. House Natural Resources subcommittee, Governor Ricardo Rossello was grilled about delays in completing 11

March 22, 2017 12:52 PM Sears reveals 'substantial' doubts about future, shares plunge 11%

The company lost $2.22 billion in the year ended Jan. 28. Since 2013 it has accumulated $7.4 billion in losses and seen revenue fall 44 percent to $22.1 billion. During that time, Sears cut the number of its U.S. stores by nearly a third, reduced holdings in Sears Canada, and spun off the Lands' End clothing chain. In recent years, Sears has placed some of its stores 15

March 22, 2017 12:34 PM Sears warns of 'going concern' doubts

Sears Holdings Corp (SHLD.O), once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in its annual report for the fiscal 13

March 20, 2017 4:16 AM Former Law Student: Gorsuch Told Class Women 'Manipulate' Maternal Leave

Supreme Court nominee Neil Gorsuch appears before reporters before a meeting on Capitol Hill on Feb. 1. A former law student of Judge Neil Gorsuch, President Trump's nominee for the Supreme Court, alleges that in a course she took from Gorsuch at the University of Colorado Law School last year, the judge told his class that employers, specifically law firms 17

March 17, 2017 11:26 PM Trump administration wants freer hand to fire head of agency

WASHINGTON — The Trump administration is backing a court case that would make it easier for the president to fire the head of the government’s consumer finance watchdog agency. The Consumer Financial Protection Bureau has taken enforcement actions against many financial companies, angering the industry and Republican lawmakers, who accuse it of overreaching 18

March 17, 2017 1:08 PM Tesla raises $1.2 billion, 20 percent more than planned

Tesla Inc said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan. The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though 20

March 17, 2017 11:59 AM Where are the tough decisions in President Trump's budget plan?

President Trump’s budget outline for fiscal year 2018 includes insightful comments by Mick Mulvaney, the director of the Office of Management and Budget. Calling the national debt a crisis that affects every citizen, Mulvaney strikes a resolute tone: “American families make tough decisions every day about their budget; it is time Washington does the same.” Unfortunately 15

March 16, 2017 11:03 PM SoCal stations would lose big in proposed Trump budget cuts for NPR and PBS

Proposed cuts to federal funding of public broadcasting conjure up images of Big Bird getting pink slipped from “Sesame Street.” But the impact of the cuts would be a lot closer to home. President Trump’s budget blueprint, released Thursday, would eliminate support for the Public Broadcasting Service and National Public Radio. About half of the $445 million 12

March 16, 2017 3:07 PM In Trump Budget, More for Military, as His Supporters May Lose Out

Mr. Trump wants to slash deeply into domestic and international programs to pay for a large military buildup and protect Social Security and Medicare without increasing the deficit or raising major taxes. As a practical matter, the budget may stand little chance of passing intact. But as a political statement, it represents a new way of doing business 25

March 16, 2017 10:24 AM How Fed hike will affect mortgages, car loans, credit cards

WASHINGTON — Are mortgage rates going up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve having raised its benchmark interest rate Wednesday and signaled the likelihood of additional rate hikes later this year, consumers and businesses will feel it — if not immediately 21