| In the Money: Taking control of college debt
Has lingering college debt kept you from getting on your feet financially? If so, you're probably not alone. According to the Project on Student Debt from the National Center for Education Statistics' 2003-04 Postsecondary Student Aid Study, nearly two-thirds of college graduates racked up student loan debt by the time they earned their diploma. Even though financing college with borrowed money has become a way of life for many Americans, some people take their debt responsibility more seriously than others. Effective college loan management is a critical element in securing your financial future. Consider these three important steps in getting student debt under control. 1. Pay consistently. There are many serious consequences if you fail to repay your student loans. Most programs offer choices in repayment plans that suit a variety of financial situations.
Highlights: Oil, IBM acquisition, Dow ...
NEW YORK � Oil futures fell Monday but came back from earlier lows after Saudi Arabia's oil minister appeared to defuse rumors that the oil cartel might agree at a meeting this weekend to boost production. However, Ali Naimi left open the possibility that the Organization of Petroleum Exporting Countries will agree to increase output during a meeting in Abu Dhabi, in the United Arab Emirates, next month.Light, sweet crude for December delivery fell $1.70 to settle at $94.62 a barrel on the New York Mercantile Exchange after falling as low as $93.54 earlier.BOSTON (AP) � IBM Corp. is making its largest acquisition ever, a deal announced Monday to buy Cognos Inc. for $5 billion in cash in hopes of keeping up with rivals in ``business intelligence'' software.The acquisition would follow similar moves in the same market this year.Cognos shares had soared recently on expectations that it, too, would be acquired.
African states call for greater effort to meet development goals
Algiers (Algeria), Nov 16 (IANS) African countries and their development partners have agreed to take urgent steps in terms of increased financial aid for debt settlement and more equitable global trade to help the continent meet the UN's Millennium Development Goals (MDGs) by 2015. A summit meeting of the Ninth Africa Partnership Forum (APF) here, which ended Nov 13, noted that international commitment to helping the continent, especially of the Group of Eight (G-8) developed countries, has been below expectations. The summit called for the necessary political will to deal with the challenges of poverty. At the same time, the APF called on the countries of the continent 'to assume their responsibility' in creating by good governance and eliminating corruption an environment conducive to development.
Thursday November 15, 2007 - 15:01 EST
ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) (the "Company") today reported its results for the quarter ended September 30, 2007 and other related news. In making the announcement, Mark Juliano, Chief Executive Officer of the Company, said, "We are pleased that we were able to achieve stable financial results during the quarter compared to last year despite the challenges the Atlantic City gaming market is currently facing, which led to a 6.2% marketplace decline in gross gaming revenue during the quarter. We are working diligently to further improve our business in this changing marketplace, and we are pleased with the positive results from the Taj Mahal and Plaza resulting from efforts under our strategic operating plan. The Marina has been disproportionately impacted by the increased competition and, as a result, we are currently taking aggressive steps by dedicating additional resources to improve the Marina's performance." CONSOLIDATED RESULTS Net revenues have been impacted by increased competition from new gaming facilities in Pennsylvania and New York, an aggressive promotional environment in Atlantic City and the partial smoking ban in Atlantic City effective on April 15, 2007.
Hedge Fund Pushes Delta For Merger
Pardus Capital Management, a New York hedge fund, has sent a letter to the management of Delta Air Lines asking it to seek a merger with UAL, the parent of United Airlines, in a deal that would create the world's largest airline. Such a merger could prompt sweeping consolidation in the airline industry. Gordon M. Bethune, former chief executive of Continental Airlines, is working with Pardus, the hedge fund said in the letter. Consultants have identified $585 million in savings the two big airlines, currently No. 2 and No. 3 in the country behind American Airlines, could realize by combining operations. Pardus said in its letter, sent Tuesday night, that it owns 7 million Delta shares, or about a 2.6 percent stake. The proposal comes one year after a bid for Delta by US Airways that ultimately failed.
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