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U.S. household debt rises to $13.3 trillion in second quarter

Americans' borrowing reached $13.29 trillion in the second quarter, up $454 billion from a year ago, marking a 16th consecutive quarter of increases, a New York Federal Reserve report released on Tuesday showed......»»

Category: topSource: moneycentralAug 14th, 2018

Household debt now 19% above crisis low after 16th straight gain

Household debt grew for the 16th consecutive quarter in the April-to-June period, rising by 0.6%, or $82 billion, to $13.29 trillion, the New York Fed reported Tuesday. Overall household debt is now 19.2% above the post-financial-crisis trough. Th.....»»

Category: topSource: marketwatchAug 14th, 2018

Americans" household debt edges up to $13.21 trillion

U.S. household debt grew by $63 billion, or 0.5 percent, to $13.21 trillion in the first quarter, driven largely by the increase in mortgage balances, a New York Federal Reserve quarterly report released on Thursday showed......»»

Category: topSource: moneycentralMay 17th, 2018

GE seeks to raise $4 billion with sale of Baker Hughes stake

General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes , its latest move to simplify its businesses and reduce debt......»»

Category: topSource: reutersNov 13th, 2018

Credit.com: Credit card defaults are down, but debt levels are on the rise

Americans continue to sink further into debt: Credit card debt increased by $14 billion in the 2nd quarter......»»

Category: topSource: marketwatchNov 12th, 2018

Exclusive: Softbank"s Saudi-backed Vision Fund to raise $4 billion in debt

SoftBank's Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs and Mizuho to work on the deal, a presentation seen by Reuters said......»»

Category: topSource: reutersNov 9th, 2018

Credit Card Debt Unexpectedly Shrinks As Student Loans Hit Fresh Record High

One month after both revolving and non-revolving consumer credit hit fresh all time highs, the Fed reported that in September total consumer credit rose to $3.950 trillion, rising $10.9 billion in the month,.....»»

Category: blogSource: zerohedgeNov 7th, 2018

Japan to extend loan to help Malaysia"s debt problem

The leaders of Malaysia and Japan have agreed that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its fiscal deficit......»»

Category: topSource: foxnewsNov 6th, 2018

Takeda CEO confident of investor backing for $62 billion Shire deal

The boss of Japan's Takeda Pharmaceutical said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire , despite some shareholders' fears about the resulting debt burden......»»

Category: topSource: reutersNov 5th, 2018

Trump"s next move in the US-China trade war could hit your wallet harder than the last

Thomas Peter/Getty President Donald Trump has said tariffs on another $257 billion worth of imports from China are ready to go. That round will be more easily felt by the average American household, analysts say. At the same time, l.....»»

Category: topSource: businessinsiderNov 4th, 2018

What’s Driving Merger Mania in the Oil Patch?

In the past week, three deals in the oil patch combined for a total of more than $11 billion, not including debt assumptions. Are there a lot more deals--even smaller ones--to come in the energy........»»

Category: blogSource: 247wallstNov 4th, 2018

Exxon Mobil decreases debt, eyes acquisitions in these areas

Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) spent $6.6 billion in capital expenditures and decreased debt by $1.2 billion during the third quarter. That was driven in part by significant growth in the company’s Permian Basin production, where .....»»

Category: topSource: bizjournalsNov 2nd, 2018

Did Encana Pay Too Much for Newfield Exploration?

Calgary-based Encana has agreed to pay $5.5 billion in an all-stock deal for Texas-based Newfield Exploration and to assume $2.2 billion in Newfield debt. This could be a better deal than it looks........»»

Category: blogSource: 247wallstNov 1st, 2018

Treasury sets record $83 billion quarterly debt refunding

The Treasury Department announced Wednesday it will sell a record $83 billion in notes and bonds next week at its quarterly refunding auction......»»

Category: topSource: marketwatchOct 31st, 2018

IBM to acquire software company Red Hat for $34 billion

IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services......»»

Category: topSource: moneycentralOct 28th, 2018

IBM to acquire software company Red Hat for $34 billion

IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services......»»

Category: topSource: reutersOct 28th, 2018

Bank of Canada Raises Interest Rates

The Bank of Canada raised its key interest rate by a quarter-percentage point, as a resolution on a new North American trade pact and easing concerns over household debt gave policy makers more confidence in Canada’s economic outlook......»»

Category: topSource: wsjOct 25th, 2018

Netflix, Inc. (NASDAQ:NFLX) taking on billions in debt

Netflix, Inc. (NASDAQ:NFLX) taking on billions in debt Netflix Inc. issued $2 billion of 10½-year junk bonds on Tuesday in a two-part deal that included a euro-denominated tranche, as it con.....»»

Category: topSource: livetradingnewsOct 24th, 2018

Netflix adds to growing debt pile with $2 billion bond issue - Reuters

ReutersNetflix adds to growing debt pile with $2 billion bond issueReuters(Reuters) - Netflix Inc (NFLX.O) announced on Monday it will tap debt.....»»

Category: topSource: googlenewsOct 23rd, 2018

Netflix piles up on debt with new $2bln IOU

Netflix will tap debt markets for the second time this year with a $2 billion higher-interest bond offering as the streaming video service looks for more money to buy new content and stay ahead of the competition......»»

Category: videoSource: reutersOct 22nd, 2018