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For small business loan program, forgiveness may be the hardest part
The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans......»»
Shire faces criticism on CEO pay policy as crunch week looms
LONDON (Reuters) - Shire , the $47 billion rare disease drugmaker being stalked by Japan's Takeda Pharmaceutical , faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches......»»
Hitachi freezes UK nuclear project as energy supply crunch looms
Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Britain, dealing a blow to UK plans for the replacement of aging plants......»»
Hitachi halts UK nuclear project as energy supply crunch looms
Japan's Hitachi Ltd put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of aging plants......»»
Hitachi halts UK nuclear project as energy supply crunch looms
Japan's Hitachi put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of ageing plants. David Pollard reports......»»
As a $1.5 billion loan tied to the Parkmerced apartments enters special servicing, here"s what could happen next
Loans are often transferred to special servicing by lenders after a "transfer event," like a default. But borrowers are increasingly requesting transfers in order to open the door for negotiations with their lenders......»»
What"s Going On With PNC Financial Shares Today?
PNC Financial Services Group Inc (NYSE:PNC) shares are trading lower after it reported first-quarter FY24 results. The bank reported a revenue decline of 8% Y/Y to $5.15 billion, missing the consensus of $5.19 billion. Revenue d.....»»
Why M&T Bank Shares Are Trading Higher Today
M&T Bank Corporation (NYSE:MTB) shares are trading higher after it reported first-quarter FY24 results. Revenue of $2.260 billion, slightly missing the consensus of $2.263 billion. Net interest income expres.....»»
277,000 student-loan borrowers who have "paid what they can afford" for at least a decade are getting $7.4 billion in debt wiped out
Student-loan borrowers on the SAVE plan, .....»»
Where WarnerMedia-Discovery will find $3 billion in cuts
Plus: TV ad prices spike, Anheuser-Busch's data play, and more. Hi and welcome to the Insider Advertising newsletter, where we break down the big news in advertising and media news, including:WarnerMedia-Discovery cutsTV ad prices spikeAnheuser-Bus.....»»
goeasy Ltd. Reports Record Results for the First Quarter
Loan Portfolio of $1.28 billion, up 10%Net Charge-Off Rate of 9.1%, down from 13.2%Adjusted Quarterly Net Income of $36.7 million, up 67%Adjusted Quarterly Diluted Earnings per Share of $2.34, u.....»»
PPP loan data reveals which Philadelphia-area banks did the most lending in 2021
A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»
Virginia company takes out $117M loan to buy 908-unit Las Colinas apartment complex
The buyer's worldwide portfolio is valued at $13.5 billion......»»
Florida in top 5 for PPP loan value as May deadline looms
The program's current application deadline was extended from March 31 to May 31......»»
"We"ve Seen Some Deaths" - StanChart Scrambles To Find Oxygen For COVID-Stricken Staffers In India
"We've Seen Some Deaths" - S.....»»
An Indonesian submarine has been missing for days - here"s what makes it so hard to find
"Submarines are designed to be hard .....»»
Freezing student-loan payments saved just $2,000 per borrower, report finds
Nationwide, borrowers saved $82.7 billion in interest payments from the student-loan freeze, but Upgraded Points found minimal impact on individuals. Caelan Stulken / EyeEm/ Getty Images Student-loan payments a.....»»
Countries from around the world are chipping in to help find Indonesia"s missing naval submarine
Time is short: The Indonesian naval submarine was only equipped with 72 hours of oxygen and may be too deep to rescue off the northern coast of Bali. Indonesian navy ships arrive at the naval.....»»
Student-loan borrowers are battling for relief even after Biden"s administration canceled $2.3 billion: "We were taken advantage of"
One borrower said Trump's Education Department forgave his federal loans, but at a 0% rate. He's waiting to hear from the Biden a.....»»
White House Dedicates $1.7 Billion To Tracking COVID Mutations Across US
White House Dedicates $1.7 Billion To Tracking COVID Mutations Across US As President Biden's COVID advisory team scrambles to turn the "fearmongering" dial about the threat posed by mutant strains of the virus that causes COVID-19,.....»»