| Guest column: Home equity loans should be used sparingly
The versatility of the home equity line of credit has many consumers tapping into their home's equity to pay for home improvement projects, college tuition, weddings, new vehicles and credit card consolidation. While there are no restrictions on how the proceeds can be used, using your home's equity as a temporary solution to a long-term problem could jeopardize your home and credit. For example, using a home equity line of credit to consolidate credit card debt can put you into further debt if you continue to use your plastic and carry a balance from month to month. Your home is usually your largest asset. If you choose to use your home for additional credit, be sure you have a plan and purpose for that credit, such as financing a home renovation to improve your asset and increase your home's value.
Constellation Brands buys rival wine ops
FAIRPORT, N.Y. (AP) - Constellation Brands Inc. (Nachrichten) is staking a bigger claim in the more profitable end of the U.S. wine market with a deal to add Clos du Bois to its collection of $8 to $11 wines led by Robert Mondavi Private Selection. The world's biggest winemaker said Monday it is paying $885 million for the U.S. wine business of Fortune Brands Inc. In addition to top-seller Clos du Bois, the buyout would give Constellation the Wild Horse and Geyser Peak brands, five California wineries and more than 1,500 acres of vineyards in the Napa, Sonoma and Los Carneros grape-growing regions. Even with its latest acquisition, Constellation will control less than 5 percent of the highly fragmented global wine market. But its share of the American market will expand 1 percent to around 20 percent.
Delta Comments On Pardus Capital Management Letter
ATLANTA, Nov. 14, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL - News) CEO Richard Anderson today issued the following statement in response to correspondence from Pardus Capital Management LP advocating that Delta lead industry consolidation: .
Northeast Banks Outlook Discussed in Wall Street Transcript Report
67 WALL STREET, New York - October 25, 2007 - The Wall Street Transcript has just published its Northeast Banks issue, a report offering a timely review of the sector to serious investors and industry executives. This 92-page feature contains an expert roundtable, industry commentary through in-depth interviews with 1 analyst and top management from 20 firms. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. .
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