Hollinger Inc. note holders OK refinancing
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Hollinger Inc., one of the key companies in Conrad Black&#39;s troubled business empire, has received approval to issue another $15 million (US) in notes to raise cash for its day-to-day operations.
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Investor's Business Daily - The Mortgage Bankers Assn. index of applications to buy or refinance a home fell 7.3% last week to 636.4 amid higher interest rates. It was the biggest drop in 4 months. The average 30-year fixed rate rose to 6.32%, the highest since Oct., from 6.23% the week before.
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Conrad Black's Hollinger Inc. (HLGc.TO) announced the terms of its proposal to buy out minority shareholders on Tuesday, just one day after U.S. regulators charged both Black and the company with fraud.
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Delta Air Lines&#39; plan to restructure some of its debt outside of bankruptcy has raised concerns among credit analysts who believe the move could be tantamount to defaulting on the money the struggling carrier owes.
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Applications for U.S. home mortgages were unchanged for the week ended Dec. 17 from the prior week as an increase in refinancing offset a decrease in purchases, an industry trade group said.
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Canadian media holding company  Hollinger Inc. HLGc.TO said on Friday it cannot complete its  2003 financial statements until its U.S.-based Hollinger  International Inc. HLR.N affiliate finishes its annual  financial report.
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Banks and stores did brisk business Monday on the last day the nation's old bank notes were being accepted as legal currency.
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The Federal Reserve and other banking regulators issued special guidance Tuesday urging loan service companies to work with borrowers in danger of defaulting on their home mortgages.
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Home builder Beazer Homes USA Inc  said on Friday it received "purported" default notices related to some senior notes from the bank that serves as trustee for the notes, sending shares down as much as 15 percent.
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TORONTO (CP) - A debt refinancing by CanWest Global Communications Corp. has cut its future interest costs while paying $133.6 million US to Hollinger International Inc.
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Mortgage rates just got lower. Get 4 quotes in two minutes. Any credit welcome, no turn downs. Take advantage of these low rates. Refinance today and save!
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New applications for U.S. home loans rose last week along with mortgage refinancings as 30-year mortgage rates eased to their lowest levels in six months, an industry group said on Wednesday.
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NEW YORK -- With some investors wringing their hands about inflation and the Federal Reserve's efforts to keep it in check, those with bond fund holdings could be forgiven for wanting to take their money and run. But while some market observers see volatility ahead, few are ready to call it quits.
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WASHINGTON -- The Federal Reserve and other banking regulators issued special guidance Tuesday urging loan service companies to work with borrowers in danger of defaulting on their home mortgages.
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New credit terms help boost the stock, but accounting issues linger.
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Investors shouldn't be writing off banks quite yet.
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TORONTO (CP) - Hollinger International Inc. announced plans Thursday for a special dividend to distribute $227 million US from the sale of the Telegraph newspaper group and may buy $273 million worth of its own stock through a tender offer.