| Ex-Camden teachers union leader charged with credit card misuse
The former head of the Camden teachers union was indicted Thursday on charges that she used a union credit card on gambling junkets to Atlantic City. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The requested content is restricted to registered users.
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Stocks close up despite credit concerns at end of losing week;C$ surges
TORONTO - The Toronto stock market cruised to a flat finish Friday with investors reluctant to make big bets at the end of another losing week and fresh concerns over writeoffs of securities backed by mortgage debt. New York indexes racked up a moderate gain even as investors were discouraged by reminders not to expect another interest rate cut when the U.S. Federal Reserve meets next month and a rough outline of what the ultimate damage could total from the American housing sector implosion. Toronto's S&P/TSX composite index added 5.93 points to 13,530.36 after credit concerns pushed the index down 250 points Thursday. The main Toronto index fell 339.46 points Friday or 2.4 per cent on the week. On Friday, the financial sector moved down 0.37 per cent and Bank of Montreal (TSX:BMO) shares 46 cents lower at $56.66 as it said it is booking $320 million in writedowns arising from disorder in world credit markets, joining the list of big banks hurt by the collapse of the U.S.
Best Debt Consolidation Service Opens Its Doors
A new debt consolidation service called Best Debt Consolidation has started taking on clients in the UK. The new service is an online response to the massive surge in people seeking help with their finances, and in particular their borrowing, which is out of control for a significant percentage of households. The new service can write off 60 percent of personal debt immediately, under recent government laws. (PRWEB) November 1, 2007 -- Best Debt Consolidation has been created to meet the needs of the thousands of individuals and families in the UK who look for help with their finances every week. In many cases their borrowing is out of control. For some people, this is a culmination of years of borrowing against the rising value of their property, while their earnings have not kept pace with the demands of their repayment
obligations.
Huntington Bancshares Announces: 2007 Fourth Quarter Charge of Up to $300 Million After-Tax, or $0.81 Per Common ...
COLUMBUS, Ohio, Nov. 16 /PRNewswire-FirstCall/ -- As a result of the recently announced actions of Franklin Credit Management Corporation and related deterioration in Franklin's mortgage portfolios, 2007 fourth quarter results for Huntington Bancshares Incorporated (Nachrichten) (Nasdaq: HBAN; http://www.huntington.com/) are expected to include an after-tax charge of up to $300 million, or $0.81 per common share, to replenish and build the allowance for loan and lease losses in support of the Franklin relationship. As a result of this charge, Huntington will report a 2007 fourth quarter net loss. "For over 17 years Sky Financial had a commercial lending relationship with Franklin Credit Management Corporation. This became our relationship when we acquired Sky Financial on July 1, 2007," said Thomas E.
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