Cash Advance News Dec 2007

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Study shows interest rate caps needed for payday lending
COLUMBUS -- Interest rate caps of about 36 percent are the only effective means of helping needy residents out of so-called debt traps set by payday lenders. (Fri, 14 Dec 2007 09:15:49 GMT)

Mulroney stowed cash first, paid tax later
Cash was kept in former PM's safe and a New York safety deposit box (Fri, 14 Dec 2007 09:22:41 GMT)

ADVANCE, DISCOVERY COMBINE STAKES
Discovery Communications yesterday moved a step closer toward its goal of becoming a pure-play public entity. Joint venture partners Discovery Holding Co. and Advance/Newhouse agreed in principle to a deal to combine their stakes in Discovery... (Fri, 14 Dec 2007 10:12:59 GMT)

Payday loan option may come to state
There’s a new option on the horizon for members of credit unions who find themselves with too much month left at the end of their paychecks. (Fri, 14 Dec 2007 12:19:24 GMT)

Wajax Announces Special Year End and Regular Cash Distributions for December, January and February
Wajax Income Fund today announced a regular distribution for the month of December of $0.33 per unit and a special cash distribution for 2007 of $0.47 per unit. Both cash distributions will be paid on January 21, 2008 to unitholders of record on December 31, 2007. (Fri, 14 Dec 2007 14:53:00 GMT)

Wajax Announces Special Year End and Regular Cash Distributions for December, January and February
MISSISSAUGA, ONTARIO-- - Wajax Income Fund today announced a regular distribution for the month of December of $0.33 per unit and a special cash distribution for 2007 of $0.47 per unit. (Fri, 14 Dec 2007 14:53:37 GMT)

U.K. Stocks Rise; Northern Rock, Royal Bank, Barclays Advance
Dec. 14 (Bloomberg) -- U.K. stocks advanced, led by Northern Rock Plc, Royal Bank of Scotland Group Plc and Barclays Plc. The benchmark FTSE 100 Index added 42.5, or 0.7 percent, to 6,406.7 at 3:45 p.m. in London, trimming this week's decline to 2.2 percent. (Fri, 14 Dec 2007 16:08:24 GMT)

Payday lending adds to Cleveland foreclosure woes
At the East Side Organizing Project in Cleveland, six home owners recently went in for group foreclosure counseling. When asked if any had taken out payday loans, four hands shot up. (Fri, 14 Dec 2007 17:09:00 GMT)

The Flip Side of Payday Lending
A few months ago, I wrote about how the government is trying to protect those in the military from payday lenders, and I suggested that we might all benefit from such protection. For those not in the know, companies like Advance America (NYSE: AEA - News), Dollar Financial (Nasdaq: DLLR - News), Cash America (NYSE: CSH - News), and EZCORP (Nasdaq: EZPW - News) offer short-term loans with steep ... (Fri, 14 Dec 2007 17:20:34 GMT)

Writers' strike cripples small businesses
Writers aren't the only ones sacrificing paychecks to the ongoing strike launched by the Writers Guild of America last month: The work stoppage is also crimping the cash flow of small businesses like History for Hire, Pam Elyea's vintage rental business in North Hollywood, Calif. (Fri, 14 Dec 2007 21:27:49 GMT)

Online retailers face sluggish holiday
Amazon.com Inc., EBay Inc. and other retailers fell in U.S. trading as cash-strapped consumers limited their Internet holiday purchases while waiting for better bargains. Internet sales from Nov. 1 through Dec. 11 increased 19 percent to $20.5 billion, Reston, Va.-based ComScore Inc. said late Thursday. Online purchases in November and December may advance 20 percent, a record low for the ... (Sat, 15 Dec 2007 08:12:20 GMT)

Teen Pleads Not Guilty to Seven Felony Armed Robbery Charges
A Merrill teenager pleads not guilty to seven felony armed robbery charges and 19 other counts. The pleas were made in Marathon County Circuit Court after 18-year-old Aaron Smith was arrested in Weston for allegedly attempting to rob the PLS Payday Loan Store there. (Sat, 15 Dec 2007 22:48:47 GMT)

Teen Pleads Not Guilty To Seven Armed Robbery Charges
WAUSAU, Wis. -- A Merrill teenager pleaded not guilty to seven felony armed robbery charges and 19 other counts Friday. The pleas were made in Marathon County Circuit Court after Aaron Smith, 18, was arrested in Weston. Police said he attempted to rob the PLS Payday Loan Store there. (Sat, 15 Dec 2007 23:06:43 GMT)

Trailer park tenants offered cash to move
Getting paid to leave your home doesn't happen very often. But a plan to relocate more than 20 tenants of the aging Main Street Mobile Home and RV Park offers them thousands of dollars to do just that, in advance of the park's conversion into a nearly 390-unit multi-family housing development. (Sun, 16 Dec 2007 01:08:04 GMT)

Instant Loan Scams
If you're thinking about applying for an instant cash loan this holiday season, beware. (Sun, 16 Dec 2007 04:23:21 GMT)

Costlier credit seen as an effect of loan ban
After years of mounting criticism, payday lending was finally shut down in North Carolina in 2005. (Sun, 16 Dec 2007 06:37:01 GMT)

Krewe of Seville plans 2008 Mardi Gras Ball
The Krewe of Seville 2008 Mardi Gras Ball will be in the Heritage Hall of historic Seville Quarter from 8 p.m. to midnight Jan. 19. There will be music by EMERGE, a cash bar, and hors d'oeuvres. Tickets are limited and can be purchased for $30 in advance by contacting WmDuncan1@hotmail.com or by calling 266-4906. (Sun, 16 Dec 2007 06:48:24 GMT)

Failed heist could net life
A former employee at an Advance Auto Parts in Jackson surrendered to police Saturday after allegedly trying to rob another Advance Auto Parts, police say. (Sun, 16 Dec 2007 07:07:57 GMT)

Cutting the Cost of Doing Business
(ARA) - Small business will always be the backbone of the American economy, but some small business owners may feel left out when it comes to technology. It may seem that each new technological advance really only benefits big companies. (Sun, 16 Dec 2007 16:52:41 GMT)

Rates higher for longer
Given that the Reserve Bank held the Official Cash Rate (OCR) at 8.25% following its final rate review of the year last week, it is not surprising that there have been few movements in home loan rates since then. (Sun, 16 Dec 2007 21:56:03 GMT)

'Survivor: China' winner to be chosen
The final four "Survivor: China" contestants have kept their alliance intact all season long, but only one will win the popular CBS reality show's $1 million prize Sunday. (Sun, 16 Dec 2007 22:38:00 GMT)

Caroling professionals
Professional carolers in America seem to have one thing in common (besides the carols): They typically dress in Dickens-era Victorian costumes; many even use the 19th-century novelist's name. (Mon, 17 Dec 2007 02:40:52 GMT)

Cash and Carrie: How top designers have spent millions to get their outfits in the SATC movie
Carrie Bradshaw getting married in Vivienne Westwood and running around Manhattan in Christian Dior gladiator sandals and a YSL dress. (Mon, 17 Dec 2007 07:47:28 GMT)

Writers strike cripples small businesses
Writers aren't the only ones sacrificing paychecks to the ongoing strike launched by the Writers Guild of America last month: The work stoppage is also crimping the cash flow of small businesses like History for Hire, Pam Elyea's vintage rental business in North Hollywood, Calif. (Mon, 17 Dec 2007 13:38:00 GMT)

Dollar's Bold Hike Against Euro Continues
NEW YORK (Dow Jones)--The dollar's advance against the euro progressed over the weekend, still motivated by last week's U.S. inflationary data, which seemed to assure currency investors that the dollar is protected from a near-term rate cut. (Mon, 17 Dec 2007 13:59:45 GMT)

Cash and Carrie: How top designers have spent millions to get their outfits in the SATC movie
We've seen the photos and recognise the labels. The film that Sex And The City fans are anxiously awaiting is not due out until next summer, but the designer name-dropping has already begun (Mon, 17 Dec 2007 14:51:11 GMT)

Treasurys Advance As Investors Seek Out the Most Secure Assets Ahead of Year-End
Leslie Wines December 17, 2007 - 11:21 a.m. NEW YORK (AP) - Treasury prices rallied Monday, as investors sought the safest available assets to stabilize portfolios ahead of a year-end that is likely to be turbulent for financial markets. (Mon, 17 Dec 2007 16:38:21 GMT)

Council loan under scrutiny
The Audit Office is being asked to investigate a $445,000 cash advance made by the previous Far North District Council to its wholly-owned trading company Far North Holdings Ltd without the knowledge of most council members. (Mon, 17 Dec 2007 16:50:28 GMT)

Luke Winn: UNC guard excelling in anticipation of dad's release
PISCATAWAY, N.J. -- For the occasion of fall semester finals at the University of North Carolina, Carol Moore ordered a care package for her grandson, Tar Heels junior forward Danny Green. It contained candy, fruit, and the like, all kinds of fuel for pulling all-nighters in advance of exams. Upon receiving it last week, Green picked out a couple of things -- "Some gummy bears, some popcorn, ... (Mon, 17 Dec 2007 19:16:18 GMT)

News From 91.3 KUWS Payday loan stores drive some working poor deeper in debt
Payday Lenders offer short term loans they say can help meet a cash-flow shortage. But some who take out the loans find themselves in a deeper financial hole. Patty Murray reports from Green Bay. (Mon, 17 Dec 2007 20:01:53 GMT)

Filing reveals that Cognos went to IBM first
Securities and Exchange Commission. The filing was prepared for Cognos shareholders in advance of the Jan. (Mon, 17 Dec 2007 20:43:44 GMT)

BioMimetic Therapeutics to Sell Remaining Dental Business for Additional $40 Million Cash plus Continuation of Royalties
FRANKLIN, Tenn.----BioMimetic Therapeutics, Inc. today announced the Company has entered into a definitive agreement with Luitpold Pharmaceuticals Inc., under which it will sell its remaining dental business, including the downstream formulation, fill and finish manufacturing rights of GEM 21S®, to Luitpold. (Mon, 17 Dec 2007 21:01:00 GMT)

BioMimetic Therapeutics to Sell Remaining Dental Business for Additional $40 Million Cash plus Continuation of Royalties
BioMimetic Therapeutics, Inc. (290820;NASDAQ:BMTI) today announced the Company has entered into a definitive (Mon, 17 Dec 2007 21:14:25 GMT)

BioMimetic to Sell Dental Unit for $40M
Medical products maker BioMimetic Therapeutics Inc. said Monday it will sell its remaining dental business to drug and medical device maker Luitpold Pharmaceuticals Inc. for $40 million cash, plus the continuation of royalties. (Mon, 17 Dec 2007 21:46:38 GMT)

RBA minutes: Dec. decision was 'finely balanced'
The RBA today released minutes of the 4 December Board meeting, at which officials decided to leave the cash rate unchanged at 6.75%. The key phrases in the minutes are that, at the time of the meeting, RBA officials were concerned about the outlook for inflation, that the decision at the December meeting was 'finely balanced', and that only problems in credit markets kept the RBA sidelined. (Tue, 18 Dec 2007 01:58:55 GMT)

Allied Cash buys call center, store
Allied Cash Holdings on Monday said it has acquired a call center and a payday loan store from Payday Loan Corp. (Tue, 18 Dec 2007 14:28:57 GMT)

U.S. Stocks Rise on Bank Cash Infusion; Energy Shares Advance
Dec. 18 (Bloomberg) -- U.S. stocks climbed for the first time in three days, led by banks and energy producers, after the European Central Bank injected $500 billion into the financial system to restore confidence in credit markets. (Tue, 18 Dec 2007 15:12:31 GMT)

MARKET TALK: CME Live Cattle Gains Hold; Feeders Climb
1150 EST [Dow Jones] - CME live cattle remain firm on speculative elbowing in advance of this week's cash cattle trade. Traders also work positions ahead of Friday's USDA cattle report. And, Dec/Feb bear and Feb/April forward positioning is the most popular play of the morning. (Tue, 18 Dec 2007 17:13:46 GMT)

Advantex Signs Debt Financing Agreement to Grow Advance Purchase Marketing Program
Advantex Marketing International Inc. , a leading specialist in merchant funding and loyalty marketing programs, today announced that it has signed a three-year agreement that will provide funding for the company to grow its very popular Advance Purchase Marketing program. (Tue, 18 Dec 2007 21:38:00 GMT)

Advance America Announces Decision to Close 66 Remaining Centers in Pennsylvania
Advance America, Cash Advance Centers, Inc. , announced today that it has decided to close all 66 of its remaining centers in Pennsylvania. (Tue, 18 Dec 2007 22:00:00 GMT)

Advance America to Close 66 Pa. Centers
Advance America Cash Advance Centers Inc., a provider of payday cash advance services, said Tuesday it decided to close all 66 of its remaining centers in Pennsylvania, and expects to record about $1.5 million in associated charges. (Tue, 18 Dec 2007 23:09:17 GMT)

Mesa officials eye payday loan stores
A year ago, Mesa City Councilman Mike Whalen thought the business market would take care of the glut of payday loan stores in the city. Now, Whalen says he was wrong. (Wed, 19 Dec 2007 02:45:18 GMT)

Yen Trades Near Five-Week Low Versus Dollar as Stocks Advance
Dec. 19 (Bloomberg) -- The yen traded near a five-week low against the dollar after global stocks gained, leading investors to borrow in Japan and buy higher-yielding assets elsewhere. (Wed, 19 Dec 2007 04:50:07 GMT)

State briefs
• Advance America to close more stores SPARTANBURG — Advance America, Cash Advance Centers Inc. of Spartanburg said after the markets closed Tuesday it was closing all 66 of its remaining stores in Pennsylvania. Advance America has appealed to the Pennsylvania Supreme Court, trying to reverse a lower-court decision this summer that ordered the company to suspend operations. The company ... (Wed, 19 Dec 2007 05:07:48 GMT)

Advance America to shutter 66 sites remaining in Pa.
Advance America, Cash Advance Centers of Spartanburg, S.C., will close all 66 of its remaining loan centers in Pennsylvania as the company awaits a ruling from the state Supreme Court on an appeal of a lower court's decision in July. (Wed, 19 Dec 2007 05:08:04 GMT)

19-12-2007: PLUS to buy KLBK for RM134m cash
KUALA LUMPUR: PLUS Expressway Bhd is acquiring Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd (KLBK), the concessionaire of the 17km Butterworth-Kulim Expressway (BKE), from MMC Corporation Bhd for RM134 million cash. (Wed, 19 Dec 2007 05:15:31 GMT)

Finance Loans Credit Card
A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. (Wed, 19 Dec 2007 10:14:53 GMT)

Hampton police looking for man who robbed payday loan business
HAMPTON A man is being sought in connection with the robbery of a payday loan business on Kecoughtan Road. The man went into Check andlsquo;n Go about 11:25 a.m. Tuesday with a handgun and demanded money, police wrote in a news release. The man left the business and headed toward Cheste ... (Wed, 19 Dec 2007 10:26:13 GMT)

Gold Trades Above $800 as Cash Injection Lifts Metal's Appeal
Dec. 19 (Bloomberg) -- Gold traded above $800 an ounce in London after the European Central Bank injected a record amount of cash into the banking system yesterday, boosting the metal's appeal as a haven. Platinum was fixed at a record. (Wed, 19 Dec 2007 11:45:08 GMT)

Payday lender to close 66 Pa. centers
Advance America Cash Advance Centers Inc. said Tuesday it will close all 66 of its remaining centers in Pennsylvania and take related charges of about $1.5 million. (Wed, 19 Dec 2007 13:38:02 GMT)

US open: Morgan Stanley aids advance
US stocks were in demand early on, helped by news of a $5bn injection of cash into Morgan Stanley, although the investment bank admitted further write-downs and a big quarterly loss. (Wed, 19 Dec 2007 16:18:00 GMT)

Advance America to close rest of Pennsylvania locations
Advance America Cash Advance Centers Inc. decided to close its 66 remaining shops in Pennsylvania. (Wed, 19 Dec 2007 16:37:35 GMT)

Study: One third of Ark. payday lenders not regulated
LITTLE ROCK - More than a third of the payday lenders operating in Arkansas are not being regulated, opponents of the lending practice said in a study released Wednesday. (Wed, 19 Dec 2007 16:46:33 GMT)

Advance America to close rest of Pennsylvania locations
Advance America Cash Advance Centers Inc. decided to close its 66 remaining shops in Pennsylvania. The Spartanburg, S.C.-based payday lender made the announcement Tuesday, saying it expected to record about $1.5 million in charges. In July, a Pennsylvania state court ruled that the company violated Pennsylvania consumer law by providing loans of as much as $500 to people in return for 6 percent ... (Wed, 19 Dec 2007 16:46:48 GMT)

Study: One third of Ark. payday lenders not regulated
Associated Press - December 19, 2007 12:04 PM ET LITTLE ROCK (AP) - Opponents of payday lending say more than a third of the payday lenders operating in Arkansas are not being regulated. (Wed, 19 Dec 2007 17:08:50 GMT)

Payday lender to close all Penn. locations; NC sites already shut
PHILADELPHIA Advance America Cash Advance Centers Inc. decided to close its 66 remaining shops in Pennsylvania. The Spartanburg, S.C.-based payday lender made the announcement Tuesday, saying it expected to record about $1.5 million in charges. (Wed, 19 Dec 2007 18:05:16 GMT)

Payday lender to close all Penn. locations; NC sites already shut
Advance America Cash Advance Centers Inc. decided to close its 66 remaining shops in Pennsylvania. The Spartanburg, S.C.-based payday lender made the announcement Tuesday, saying it expected to record about $1.5 million in charges. The company has also pulled out of North Carolina, Oregon and Georgia. (Wed, 19 Dec 2007 18:12:57 GMT)

Study: Many Payday Lenders In Arkansas Not Regulated
Opponents of payday lending say more than a third of the payday lenders operating in Arkansas are not being regulated. The Arkansans Against Abusive Payday Lending released a study Wednesday on how closely the state's payday lenders are watched. (Wed, 19 Dec 2007 18:58:31 GMT)

Advance America closing 66 centers
Staff Reports Spartanburg-based Advance America, Cash Advance Centers Inc. said it has decided to close all 66 of its remaining centers in Pennsylvania. (Wed, 19 Dec 2007 20:19:18 GMT)

Study: One third of Ark. payday lenders not regulated
LITTLE ROCK (AP) - Opponents of payday lending say more than a third of the payday lenders operating in Arkansas are not being regulated. The Arkansans Against Abusive Payday Lending released a study today on how closely the state's payday lenders are watched. (Wed, 19 Dec 2007 21:38:05 GMT)

Study: One third of Ark. payday lenders not regulated
Opponents of payday lending say more than a third of the payday lenders operating in Arkansas are not being regulated. (Wed, 19 Dec 2007 22:56:10 GMT)

Third of Ark. Payday Lenders Unregulated
More than a third of the payday lenders operating in Arkansas are not being regulated, opponents of the lending practice said in a study released Wednesday. (Wed, 19 Dec 2007 23:31:41 GMT)

Payday lenders' practices debated
At a public hearing here Wednesday on payday lending in Ohio, one fact was undisputed: Some in Ohio need short-term financial help. But is it a service or loan sharking? (Thu, 20 Dec 2007 10:44:18 GMT)

Cognos Announces Issuance of Advance Ruling Certificate by Canadian Competition Bureau in Connection with Acquisition ...
Cognos(R) (NASDAQ: COGN) (TSX: CSN) today announced that the Commissioner of Competition under the Competition Act (Canada) has issued an advance ruling certificate in respect of the proposed all cash acquisition of Cognos by IBM at a price of US$58.00 per share by way of plan of arrangement. The receipt of this advance ruling certificate constitutes compliance with the pre-merger notification ... (Thu, 20 Dec 2007 13:31:00 GMT)

Cognos Announces Issuance of Advance Ruling Certificate by Canadian Competition Bureau in Connection with Acquisition ...
Cognos today announced that the Commissioner of Competition under the Competition Act has issued an advance ruling certificate in respect of the proposed all cash acquisition of Cognos by IBM at a price of US$58.00 per share by way of plan of arrangement. (Thu, 20 Dec 2007 13:31:00 GMT)

Study: One third of Ark. payday lenders not regulated
By Andrew DeMillo Associated Press writer LITTLE ROCK (AP) — More than a third of the payday lenders operating in Arkansas are not being regulated, opponents of the lending practice said in a study released Wednesday. (Thu, 20 Dec 2007 18:37:42 GMT)

Police connect robberies
Police are closing in on potential suspects in the Dec. 12 armed robbery of the Advance America Cash Advance store on South Broadway, Police Chief Dan Dudik said. (Fri, 21 Dec 2007 04:22:07 GMT)

Lawmakers to target mental health, payday loan reforms
Among the 3,000 bills expected during the upcoming 60-day General Assembly session will be proposals to reform the mental health system, cap interest rates for payday loans, expand early childhood education and much more, Central Virginia lawmakers said Thursday. The lawmakers - Sen. R. Creigh Deeds, D-Bath County; Sen. Emmett W. Hanger, R-Mount Solon; Del. Rob Bell, R-Albemarle County; and Del. ... (Fri, 21 Dec 2007 08:24:17 GMT)

Today in the press
'KREMLIN BATTLE OVER CASH' CLAIMS - The Guardian says it has learned that 'an unprecedented battle' is taking place inside the Kremlin in advance of Vladimir Putin's departure from office, with claims that the Russian president presides over a secret multibillion-dollar fortune. (Fri, 21 Dec 2007 08:34:18 GMT)

Let's rein in 21st century loan sharks
While it would be easy to think payday lending is some new phenomenon, nothing could be further from the truth. Payday lending is the modern form of usury. ... - By Jonathan P. Baird (Fri, 21 Dec 2007 09:04:28 GMT)

MyFox Birmingham | A Loan? That'll Be 2.6 Million Per Cent...
A woman desperate for cash has been given a loan by a UK finance company - at an interest rate of more than 2.6 million per cent a year. (Fri, 21 Dec 2007 11:14:16 GMT)

U.S. Stocks Rise; Research In Motion, Merrill Shares Advance
Dec. 21 (Bloomberg) -- U.S. stocks climbed after Research In Motion Ltd. reported earnings that topped analysts' estimates and investors speculated Merrill Lynch & Co. may receive a $5 billion cash infusion. (Fri, 21 Dec 2007 14:57:31 GMT)

US Cash Grain Outlook: Basis Retains Firm Undertone
CENTRAL CITY, Neb. (Dow Jones)--US cash grain basis retained a generally firm tone again Friday, holding true to a persistent season-long trend. (Fri, 21 Dec 2007 15:29:10 GMT)

U.S. Stocks Rise; Research In Motion, Merrill Shares Advance
Dec. 21 (Bloomberg) -- U.S. stocks gained the most in two weeks after Research In Motion Ltd. reported earnings that topped analysts' estimates and investors speculated Merrill Lynch & Co. may receive a $5 billion cash infusion. (Fri, 21 Dec 2007 15:42:24 GMT)

U.S. Stocks Rise; Research In Motion, Merrill Shares Advance
Dec. 21 (Bloomberg) -- U.S. stocks gained the most in two weeks after a report Merrill Lynch & Co. may receive a $5 billion cash infusion and Research In Motion Ltd.'s earnings topped analysts' estimates. (Fri, 21 Dec 2007 16:27:22 GMT)

Global Cash Completes Internal Review
Global Cash Access Holdings Inc., which provides ATM and cash-advance services to casinos, said Friday it completed an internal investigation and is working to file its third-quarter report as soon as possible. (Fri, 21 Dec 2007 21:29:51 GMT)

Credit counselors warn against Christmas payday loans
NORMAL -- With Christmas just three days away, most consumers would love a little extra boost into their cash flow. (Sat, 22 Dec 2007 00:12:05 GMT)

Briefcase
Stocks advance sharply on credit-market relief NEW YORK — Stocks jumped Friday following better-than-expected profits from BlackBerry maker Research in Motion Ltd. and on word that Merrill Lynch might have lined up a big cash infusion from a Singapore fund. Add... (Sat, 22 Dec 2007 06:13:35 GMT)

A dying woman. A porcelain doll. A Christmas wish.
Indianola, Ia. - Hazel Eichman planned her funeral service in advance - the location, the songs, the names of her pallbearers. (Sun, 23 Dec 2007 10:12:34 GMT)

Universal gift card – crisp bills
Despite the increasing popularity of gift cards, Canadians still love receiving cash during the holiday season. Crisp, clean cash, that is. (Sun, 23 Dec 2007 22:12:41 GMT)

Universal gift card – crisp bills
Canadians still love receiving crisp, clean cash during the holiday season (Sun, 23 Dec 2007 22:15:29 GMT)

(AFX UK Focus) 2007-12-24 00:23 GMT: Malaysian shares outlook - Higher on Wall Street's advance
KUALA LUMPUR (Thomson Financial) - Malaysian shares are expected to open higher Monday after Wall Street's strong performance Friday supported by better-than-expected consumer spending data and positive news in the banking sector. (Mon, 24 Dec 2007 00:50:53 GMT)

Asian stocks gain as investors cheer Wall Street's rally; Kospi leads advance
SINGAPORE (Thomson Financial) - Asian stocks rose Monday as investors cheered Friday's strong performance on Wall Street, although volumes were subdued in the holiday-shortened week and with some markets already closed and most others due to finish early. (Mon, 24 Dec 2007 03:55:49 GMT)

Payday-lending studies can fit any argument
No matter what state lawmakers think about payday lenders, they won't have trouble finding a study to reinforce their viewpoint. (Mon, 24 Dec 2007 08:27:34 GMT)

Investors wish for Xmas bonus
Last week's stock gains may have marked the start of the big advance typically seen in the last week of one year and the first week of the next. (Mon, 24 Dec 2007 10:27:57 GMT)

Investors eye shoppers this week
With Wall Street itching for an end-of-the-year surge but still somewhat nervous about consumer spending, Americans' shopping patterns in the last hours before Christmas could make or break a "Santa Claus rally." It's possible last week's stock gains marked the start of the big advance typically seen in the last week of one year and the first week of the next. But with home prices still falling, ... (Mon, 24 Dec 2007 12:11:08 GMT)

What’s Open And Closed For The Holiday/New Year’s Eve Transit Schedules
There’s a lot to do on most days of this coming holiday but there are some exceptions you need to plan for in advance. (Mon, 24 Dec 2007 12:19:15 GMT)

Stocks advance on Merrill investment
Wall Street advanced Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. (Mon, 24 Dec 2007 15:07:19 GMT)

Council looks to close loophole in zoning ordinance
Florissant officials are trying to close a loophole in a city ordinance that could allow more short-term loan companies to operate in the city. (Mon, 24 Dec 2007 16:23:04 GMT)

Canadian Stocks Advance, Led by Materials and Financial Shares
Dec. 24 (Bloomberg) -- Canadian stocks rose for a fourth day, led by materials and financial companies, after Canada's non-bank asset-backed commercial paper market began trading for the first time in four months and Merrill Lynch & Co. got a $6.2 billion cash infusion from Singapore's sovereign wealth fund. (Mon, 24 Dec 2007 17:09:08 GMT)

Advantex Completes $2 Million Private Placement Financing of Units to Grow Advance Purchase Marketing Program
Advantex Marketing International Inc. , a leading specialist in merchant funding and loyalty marketing programs, today announced that it has completed the private placement of $2 million of Units comprising $1,000 face value secured non-convertible debentures and 1,975 common share purchase warrants. (Mon, 24 Dec 2007 17:12:00 GMT)

Asia Day Ahead: Merrill to Get $6.2 Billion Infusion (Update1)
Dec. 25 (Bloomberg) -- Merrill Lynch & Co. will receive a cash infusion of as much as $6.2 billion from Singapore's Temasek Holdings Pte. and Davis Selected Advisors LP. U.S. stocks rose, sending benchmark indexes to the highest levels in two weeks, after falling interest rates and an agreement to restructure $33.3 billion of Canadian commercial debt improved the outlook for credit markets. (Mon, 24 Dec 2007 23:05:13 GMT)

Banks second only to oil cos in filling up taxman's vault
The banking sector may be reeling under low credit offtake, but when it comes to tax payments, they are second to only the cash-rich oil sector. (Mon, 24 Dec 2007 23:57:59 GMT)

The best and the beastly for 2007
Columnist Jonathan Lansner's annual awards list that highlights the good, bad, funny business trends. (Tue, 25 Dec 2007 00:30:15 GMT)

Tsk, tsk: CEO insults analysts
Sallie Mae's CEO probably missed the memo on proper executive etiquette, because brushing off questions and cursing in front of the company's analysts isn't the way to win over Wall Street -- especially when you need them most. (Tue, 25 Dec 2007 04:37:24 GMT)

Okeechobee To Host Tourney
Okeechobee –– The Everglades Division of the $8.8 million Wal-Mart Bass Fishing League will visit Lake Okeechobee in Okeechobee on Jan. 5 for the first of five regular-season events. As many as 200 boaters and 200 co-anglers are expected to compete in the tournament, which will award as much as $45,000 in cash, including a top award of $6,000 in the Boater Division. (Tue, 25 Dec 2007 05:19:15 GMT)

Banks, retailers lead stock advance
Outside investors inject cash into Merrill, and holiday sales hopes rise. The Dow gains 98. Stocks rose sharply Monday, boosted by news that another Wall Street firm was getting a multibillion-dollar capital injection and hopes of a stronger-than-expected holiday season for retailers. The Dow Jones industrial average rose nearly 100 points. (Tue, 25 Dec 2007 08:13:46 GMT)

Wire feed: McAfee shares advance
LOCAL AND STATE NEWS McAfee shares advance 0.9% after news of restatement Shares of McAfee, the second-largest maker of security software, advanced in New York trading after the company restated results by $137. (Tue, 25 Dec 2007 10:10:56 GMT)

Strong Finish After a Volatile Week
U.S. stocks rose last week as higher consumer spending and the Federal Reserve's efforts to provide cash to banks spurred speculation that the economy will keep expanding. (Tue, 25 Dec 2007 17:18:45 GMT)

Capital inflows
But a large portion of the rupee’s advance stemmed from the huge capital flows during the year from foreign institutional investors, hedge funds, and non-resident investors moving out of the dollar. (Tue, 25 Dec 2007 17:58:08 GMT)

INBrief
Rubber prices advance COMMODITIES :Natural rubber futures in Tokyo, the global benchmark, advanced to the highest in more than six weeks yesterday after the yen declined against the US dollar, boosting the appeal of yen-denominated contracts. (Tue, 25 Dec 2007 18:49:06 GMT)

Buffett strikes a deal with the Pritzker family
Berkshire Hathaway said that it would pay $4.5 billion for a controlling stake in Marmon Holdings, an industrial conglomerate owned by the Pritzkers. (Wed, 26 Dec 2007 01:50:25 GMT)

SPECIAL REPORT: MONEY BOWL
Bowls profitability and not wanting to give up control probably means no future playoffs in Division I college football. (Wed, 26 Dec 2007 03:22:55 GMT)

Rapidly, Buffett secures a deal for $4.5 billion
Warren Buffett's deal for an industrial conglomerate after just two weeks of talks suggests that he is finally finding some acquisitions he can get excited about. (Wed, 26 Dec 2007 04:20:25 GMT)

THINGS TO DO
Cincinnati Sports Leagues is hosting the Cincinnati Sports Leagues/CiN Weekly New Year's Eve Bash from 9 p.m. to 2 a.m. Monday, Dec. 31, at the 20th Century, 3021 Madison Road, Oakley. The party includes the Paul Otten Band, games, giveaways, appetizers and open bar (cash bar for brands not featured). The cost is $65. (Wed, 26 Dec 2007 11:18:56 GMT)

Now what? Your tour operator went out of business
When tour operators such as Traveland implode, their customers get burned. Here's what to do if ... (Wed, 26 Dec 2007 14:03:24 GMT)

SPECIAL REPORT: College football's money bowl
Bowls profitability and not wanting to give up control probably means no future playoffs in Division I college football. (Wed, 26 Dec 2007 14:43:58 GMT)

Finally talking: Grant, new technology help firefighters work better together
LAWRENCE - New technology and $100,000 in federal cash will soon have county firefighters talking to each other in a faster and simpler way than ever before. (Wed, 26 Dec 2007 14:47:28 GMT)

Berlin Commune Fights Property Developers
In what promises to be a volatile struggle in the German city, residents of the Köpi take a stand against capitalism's advance (Wed, 26 Dec 2007 21:31:10 GMT)

Mid-Missouri Bankruptcy Center
I went bankrupt a couple of years ago. I bought a van and made other mistakes right of way. Now I see my errors and am in trouble again. I want to pay my bills but stop the garnishments and levys. They took all the money in my checking account today. (Wed, 26 Dec 2007 22:05:54 GMT)

NetSuite Nets its Underwriters $12.3 Million
The onliine business tools company announced its underwriters exercised their overallotment option to purchase 930,000 additional shares of common stock. (Wed, 26 Dec 2007 22:29:16 GMT)

Rapidly, Buffett Secures a Deal for $4.5 Billion
Warren E. Buffett’s deal for a conglomerate suggests that he is finally finding acquisitions he can get excited about. (Thu, 27 Dec 2007 03:49:29 GMT)

Loan store robber gets five-year prison sentence
A 26-year-old Wisconsin Rapids man was sentenced in Wood County Circuit Court to eight years in prison and seven years of extended supervision for charges connected to the Feb. 21 armed robbery of a Wisconsin Rapids payday loan business. (Thu, 27 Dec 2007 09:55:09 GMT)

Wadhwa Says Heart Attack Caused Cash Crunch, Not Vice-Versa
RALEIGH — Vivek Wadhwa knew money was tightening over the past few months, but he felt there was nothing to be alarmed about. "I figured I would take a week of vacation then come back and close a round of funding" he says. (Thu, 27 Dec 2007 10:02:34 GMT)

Many happy returns
Making a post-holiday appearance at the cash register can be a real hassle. Here's help. (Thu, 27 Dec 2007 10:04:01 GMT)

Reynolds: Ban payday lenders
If state Sen. Roscoe Reynolds has his way, payday lending businesses no longer will be able to operate in Virginia. Reynolds, D-Ridgeway, recently introduced a bill to that effect. It will be considered during the General Assembly session that will begin Jan. 9. (Thu, 27 Dec 2007 11:13:13 GMT)

Payday Lender Markets to the Recently Homeless
Lindley Dupree spent most of this year planning a series of financial literacy classes for Flathead residents who have gotten into money troubles. So it confirmed for her that a need for the class existed when she learned some of her most vulnerable clients – many of whom were homeless not long ago – were being aggressively marketed by payday lenders for high interest, short-term loans two weeks ... (Thu, 27 Dec 2007 13:50:20 GMT)

TVI Pacific Announces Joint Venture Negotiations and Associated Funding Advance
CALGARY, ALBERTA-- - TVI Pacific Inc. or , announced today that its Philippine affiliate, TVI Resource Development Ltd. , and Atlas Consolidated Mining and Development Corp. have entered into negotiations respecting the establishment of a joint venture for the development of TVIRD's Canatuan sulphide project in the Philippines. (Thu, 27 Dec 2007 15:00:08 GMT)

Bhutto's death poses dilemma for US
The Bush administration scrambled Thursday with the implications of former Pakistani Prime Minister Benazir Bhutto's assassination after investing significant diplomatic capital in promoting reconciliation between her and President Pervez Musharraf. (Thu, 27 Dec 2007 15:27:17 GMT)

US Cash Grain Outlook: Mixed Prices, New Snowstorm Developing
CENTRAL CITY, Neb. (Dow Jones)--Feed grain and oilseed basis retained a weaker undertone across the US interior Thursday, while winter wheat premiums recaptured value lost earlier in the week. Futures markets were also mixed overnight. (Thu, 27 Dec 2007 15:29:14 GMT)

ALL BUSINESS:Sallie CEO's rude awakening
NEW YORK—Sallie Mae's CEO probably missed the memo on proper executive etiquette, because brushing off questions and cursing in front of the company's analysts isn't the way to win over Wall Street. (Thu, 27 Dec 2007 16:22:35 GMT)

Stocks off after Bhutto death, weak data
Stocks fell in Thursday after the assassination of Pakistani opposition leader Benazir Bhutto and after the Commerce Department reported a weak increase in durable goods orders. The Dow Jones industrial average fell more than 100 points. (Thu, 27 Dec 2007 16:36:19 GMT)

Bhutto death poses dilemma for U.S.
President Bush demanded Thursday that those responsible for the killing of former prime minister Benazir Bhutto be brought to justice. (Thu, 27 Dec 2007 16:45:19 GMT)

New Gift Card Law Protects Illinois Consumers
Illinois residents who received gift cards this holiday season may be able to redeem them for cash even if the gift cards expire, Illinois State Treasurer Alexi Giannoulias said today. (Thu, 27 Dec 2007 17:45:40 GMT)

AT&T wins $7 million network contract with pawn-shop broker
First Cash Financial Services Inc. selected AT&T Inc. to provide the financial services company with international network services under a three-year, $7 million contract. (Thu, 27 Dec 2007 18:07:54 GMT)

First Cash picks AT&T for network services contract
First Cash Financial Services Inc. has picked AT&T Inc. to provide the financial services company with international network services under a three-year, $7 million contract. (T) (FCFS) (Thu, 27 Dec 2007 19:36:57 GMT)

`Gospel of Wealth' Facing Scrutiny
The message flickered into Cindy Fleenor's living room each night. (Thu, 27 Dec 2007 19:56:00 GMT)

Does God Really Want You Rich?
Senate probe shines light on televangelists' 'prosperity Gospel.' (Thu, 27 Dec 2007 21:55:12 GMT)

Believer bitter over 'prosperity' preachings
(AP) -- The message flickered into Cindy Fleenor's living room each night: Be faithful in how you live and how you give, the television preachers said, and God will shower you with material riches. (Thu, 27 Dec 2007 22:11:48 GMT)

How To Handle a Cash Crunch
(ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day. (Fri, 28 Dec 2007 00:36:35 GMT)

Losses mount as unseen risks emerge
goto.seattlepi.com/344991. (Fri, 28 Dec 2007 03:11:00 GMT)

Rev. Jesse Jackson leads the fight against predatory lending
The Reverend Jesse Jackson led a march to a Laurelton house surrounded by weeds after calling for a new civil rights movement to fight rising foreclosures and high-cost lending that have plagued minorities disproportionately - and southeast Queens, in particular. (Fri, 28 Dec 2007 05:12:06 GMT)

Australian Dollar Gains for Second Week as Metal Prices Climb
Dec. 28 (Bloomberg) -- The Australian dollar completed a second weekly advance and reached a two-week high after prices climbed for metals that the nation sells abroad. (Fri, 28 Dec 2007 06:44:03 GMT)

New law in Cuyahoga Falls limits payday loan businesses
CUYAHOGA FALLS, Ohio (AP) - A new law in the northeast Ohio city of Cuyahoga Falls places a limit on the number of payday loan businesses. The law restricts cash-advance stores to one for every 10,000 people. (Fri, 28 Dec 2007 06:45:42 GMT)

Cuyahoga Falls cracks down on payday loan shops
UPDATED: 04 :34 a.m. EDT, December 28, 2007 Arianna Espada-Cruz, 1 1/2 years old, of Cleveland, gives her baby doll a long kiss while taking a break from Christmas day mass at Parroquia Sagrada Familia, a predominately Hispanic church in west Cleveland, on Tuesday Dec. 25, 2007. Sporting her first-ever Christmas day dress, Espada-Cruz is already in love with her brand-new baby doll which she ... (Fri, 28 Dec 2007 09:34:08 GMT)

In a new e-mail scam, 'Marine' seeks your trust
STATEN ISLAND ADVANCE -- Usually, the e-mailers purport to hail from Nigeria. The impassioned pleas allegedly are from deposed government officials, royalty or military men needing help in getting money out of the country and promising a cut of the cash to those lending a hand. (Fri, 28 Dec 2007 13:07:46 GMT)

Law limits payday loan businesses
CUYAHOGA FALLS (AP) — A new law in the northeast Ohio city of Cuyahoga Falls places a limit on the number of payday loan businesses. The law restricts cash-advance stores to one for every 10,000 people. That would limit the city to five loan stores, but existing ones will be allowed to stay open. (Fri, 28 Dec 2007 13:15:34 GMT)

Town limits payday loan businesses
A new law in the northeast Ohio city of Cuyahoga Falls places a limit on the number of payday loan businesses. (Fri, 28 Dec 2007 14:29:07 GMT)

Payday loans restricted
CUYAHOGA FALLS, Ohio (AP) — A new law in the northeast Ohio city of Cuyahoga Falls places a limit on the number of payday loan businesses. The law restricts cash-advance stores to one for every 10,000 people. (Fri, 28 Dec 2007 14:48:50 GMT)

Controversy surrounds payday lending
MOUNT VERNON — Need some quick cash? For a fee, residents can go to any number of local payday lending offices for a short-term loan to get help get them to the next pay check. (Fri, 28 Dec 2007 15:47:16 GMT)

The Bosco Thumbs its Nose at Recession
Yep, that's the actual name of the New Year's bash. The Bosco is boasting a classy affair for little cash, charging a mere ten bucks for cover. The pros? Swanky atmo, lotsa eye candy, stupid plastic hats and confetti. The cons? Unlike operations that charge $100 and up, there's no open bar. (Fri, 28 Dec 2007 15:50:13 GMT)

New law is looking out
Illinois residents who received gift cards this holiday season may be able to redeem them for cash even if the gift cards expire, Illinois State Treasurer Alexi Giannoulias said in a news release. (Fri, 28 Dec 2007 16:07:28 GMT)

Cash-strapped Downstage asks for more
Wellington's Downstage Theatre has had to ask Creative New Zealand and Wellington City Council for help, after difficulty paying its staff wages. (Fri, 28 Dec 2007 16:10:51 GMT)

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