Cash Advance News Apr 2008

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Cash America Announces a 37% Increase in First Quarter Net Income Per Share and Declares Dividend
FORT WORTH, Texas----Cash America International, Inc. announced today that net income for the first quarter ended March 31, 2008 increased 34% to $25,811,000 leading to a 37% increase in earnings per share compared to net income of $19,234,000 for the same period in 2007. (Thu, 24 Apr 2008 11:15:00 GMT)

Man who robbed cash advance outlet sentenced
GRAND RAPIDS -- An Indiana man who admitted using a box-cutter to rob a cash advance outlet will spend 11 to 45 years behind bars. (Thu, 24 Apr 2008 13:38:54 GMT)

Cash America reports a rise in income, earnings
Fort Worth-based Cash America International Inc., announced a rise in income and earnings per share in its first quarter earnings report on April 24. (Thu, 24 Apr 2008 16:06:56 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. (Thu, 24 Apr 2008 16:07:10 GMT)

Payday loan interest capped at only 459%
This story appeared in the Antelope Valley Press Wednesday, April 23, 2008. These are hard times in America. People have lost their jobs through outsourcing, downsizing or failure to perform. (Thu, 24 Apr 2008 16:15:10 GMT)

Xenia puts stop-check on payday lenders
The City Council voted 7-0 Thursday, April 24, to join a handful of Ohio cities that are not waiting for the state to increase regulations on payday lenders. (Thu, 24 Apr 2008 16:37:01 GMT)

Cash America posts profit growth, sees good 2nd quarter
Pawn loan provider Cash America International Inc. said revenue from pawn loan and cash advance fees boosted first-quarter earnings higher than previously expected. (CSH) (Thu, 24 Apr 2008 22:42:18 GMT)

Stocks advance in Europe and Asia
Earnings from Ericsson, Samsung Electronics and Volvo exceeded analysts' estimates and bank shares rallied on speculation the worst of the credit crisis is over. (Fri, 25 Apr 2008 03:36:19 GMT)

Grant-writing seminar next week
The nonprofit Carolina Empowerment Center is holding a grant-writing seminar from 1 to 5 p.m. Wednesday at the Capital Senior Center, 1650 Park Circle, off Pickens Street. The seminar is $45 in advance, $50 at the door. The fee for nonprofits is $40. Group rates are available. Cash, checks, Visa and MasterCard are accepted. (Fri, 25 Apr 2008 04:18:28 GMT)

Sales Tax Increase Will Be On Nov. Ballot
Florida voters will decide this fall whether to pony up another penny on the dollar at the cash register in order to slash local property tax bills. (Fri, 25 Apr 2008 04:20:20 GMT)

Feds to advance cash for Martin's transfer
The Conservatives are taking the unusual step of loaning Brenda Martin the cash she was ordered to pay as a fine for her fraud conviction in Mexico. (Fri, 25 Apr 2008 09:11:12 GMT)

St. Mary's offers 'payday' alternative
MANCHESTER -- St. Mary's Bank has launched a short-term loan designed to be an alternative to high-interest payday loans. The loan, MyPay, has a fixed annual percentage rate of 18 percent -- which is half the 36 percent interest cap the state wants to place on payday lenders. ... (Fri, 25 Apr 2008 12:13:53 GMT)

Stocks Advance in Europe and Asia; U.S. Index Futures Increase
April 25 (Bloomberg) -- Stocks rose in Europe and Asia after earnings from Ericsson AB, Samsung Electronics Co. and Volvo AB exceeded analysts' estimates and banks rallied on speculation the worst of the credit crisis is over. U.S. index futures advanced. (Fri, 25 Apr 2008 13:03:35 GMT)

European Stocks Advance; Ericsson, Volvo, HBOS, Barclays Climb
April 25 (Bloomberg) -- European stocks rose for a third day after earnings from Ericsson AB and Volvo AB exceeded analysts' estimates and banks rallied on speculation the worst of the credit crisis is over. (Fri, 25 Apr 2008 16:03:37 GMT)

Mesa to consider payday loan restriction
Mesa is making another stab at regulating payday loan stores before the current City Council rides into the sunset. (Fri, 25 Apr 2008 17:02:46 GMT)

Strickland backs payday lending interest rate cap
COLUMBUS — Gov. Ted Strickland wants to put a 36 percent annual interest rate cap on loans made by payday lending stores. (Fri, 25 Apr 2008 19:39:21 GMT)

Nastech selling shares to advance efforts
Nastech Pharmaceutical said Friday it would raise almost $8 million in a stock offering -- cash the company said it would use to advance its RNA interference programs. (Fri, 25 Apr 2008 21:50:22 GMT)

Lawmaker proposes payday lending changes
State Rep. Chris Widener will announce a plan on Monday, April 28, that will combine pieces of payday lending bills. (Fri, 25 Apr 2008 22:09:21 GMT)

Payday loan office robbed Friday
Nevada, Mo. -- Check Into Cash Advance Payday Loan Center was robbed at gunpoint around 1:29 p.m., Friday, according to Nevada police. The suspect allegedly entered the business brandishing a handgun with a blue bandanna concealing his face. (Sat, 26 Apr 2008 02:33:24 GMT)

Powwow is cash cow, spiritual event
A line to buy advance tickets to the Gathering of Nations Thursday at the PIT in ALbuquerque did not wind down until after lunch. Customers complained they had to wait in line for 2 1/2 hours Thursday morning. Heavy lines are expected today and Saturday for those still without tickets. (Sat, 26 Apr 2008 06:00:14 GMT)

Cal City restricts payday loan stores
Calumet City has nine payday or car title loan businesses in town. City officials say that's plenty. (Sat, 26 Apr 2008 06:40:29 GMT)

Double threat to payday lending
Gov. Ted Strickland said yesterday that he strongly supports a 36 percent interest-rate cap on payday lenders. Meanwhile, House Republicans have drafted a compromise bill that does not lower the interest rate but, they say, should free customers from the payday debt trap. (Sat, 26 Apr 2008 08:19:34 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per (4º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire CASH AMERICA INTERNATIONAL, INC. (Sun, 27 Apr 2008 00:49:14 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per (2º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire Cash America International, Inc. is a provider of specialty financial services to individuals in the United States with 939 total locations. (Sun, 27 Apr 2008 00:49:34 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per . Share and Declares Dividend
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire Cash America International, Inc. (Sun, 27 Apr 2008 00:49:44 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Pe (10º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire merchandise 61,925 - - 61,925 ----------- ------------ ------------ ------------ Net revenue 87,724 72,083 1,140 160,947 ----------- ------------ ------------ ------------ Expenses Operations 47,618 24,943 307 72,868 Cash advance loss provision 2,844 29,904 - 32,748 Administration 8,820 4,702 277 13,799 Depreciation and amortization ... (Sun, 27 Apr 2008 01:03:34 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per (9º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire (d) Includes (i) cash advances written by the Company, and (ii) cash advances written by third-party lenders that were arranged by the Company on behalf of the third-party lenders, all at the Company s pawn and cash advance locations and through the Company s internet distribution channel. (Sun, 27 Apr 2008 01:03:44 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per (8º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire (in thousands) March 31, -------------------- 2008 2007 --------- --------- Funded by the Company (a) Active cash advances and fees receivable $ 63,952 $ 57,077 Cash advances and fees in collection 21,104 21,436 --------- --------- Total funded by the Company (a) 85,056 78,513 --------- --------- Funded by third-party lenders (b)(c) ... (Sun, 27 Apr 2008 01:03:54 GMT)

Cash America Announces a 37% Increase in First Quarter Net Income Per (7º)
Share and Declares Dividend 24/04/2008 11:15:00 Business Wire =========== =========== Total locations offering cash advances at end of period (excluding online lending) 734 720 Average total locations offering cash advances (excluding online lending) 735 718 Number of states with online lending at end of period 33 30 Number of foreign countries with online lending at end of period 1 - CHECK ... (Sun, 27 Apr 2008 01:04:05 GMT)

Ten Network Holdings Announces New Loan Facility (TEN.AX, 00835736, 20080428)
Ten Network Holdings announced it had secured a new three-year $630m syndicated multicurrency revolving cash advance facility, replacing the existing facility due to expire in December 2008. A syndicate of six banks, with Westpac as arranger, is contributing to the funding. The participating financial institutions are Westpac, ANZ, National Australia Bank, Toronto-Dominion, Citigroup and JP ... (Sun, 27 Apr 2008 23:08:00 GMT)

Keep track of cash flow
Just as watching your blood pressure is important to your health, monitoring cash flow regularly is vital to your business health. (Mon, 28 Apr 2008 05:44:31 GMT)

Banks lead early advance for European shares
Banks lead early advance for European shares (Mon, 28 Apr 2008 09:09:30 GMT)

Abbey launches new zero credit card
Abbey Banking has launched its new credit card Abbey Zero with no fees on balance transfer, foreign exchange and cash advance. (Mon, 28 Apr 2008 10:11:14 GMT)

Deutsche Bank reportedly may seek cash for acquisitions
Deutsche Bank may ask shareholders for permission to sell some 4 billion euros ($6.3 billion) of new shares to help fund potential acquisitions, according to a published report. (Mon, 28 Apr 2008 11:08:49 GMT)

CME Livestock Outlook: Live Cattle, Hogs Called Mixed
CHICAGO (Dow Jones)--Chicago Mercantile Exchange live cattle could open mixed Monday as participants look forward to this week's cash trade, April prepares for expiration and advance Goldman roll activity continues. (Mon, 28 Apr 2008 14:27:38 GMT)

Lightning-zapgun maker gets more US gov cash
Set phasers to 'mulct' A US company developing laser-enhanced electric plasma lightning blaster cannons says it has received further funding from the US military. Applied Energetics (the company formerly known as Ionatron) announced today that it had landed a $4.5m contract to advance its Laser Guided Energy technology (LGE).… (Mon, 28 Apr 2008 14:52:41 GMT)

State legislators debate payday lending regulations
MOUNT VERNON — State lawmakers are seeking ways to change the way payday lenders do business in Ohio. One Mount Vernon resident who relies on the short-term loans said she opposes any kind of new regulations that would drive the ever-growing payday loan industry out of the state. (Mon, 28 Apr 2008 14:57:34 GMT)

Stocks make modest advance amid deals, earnings ahead of Fed
NEW YORK -- Wall Street held on to a slight advance Monday as investors appeared unenthusiastic about acquisition news and were cautious ahead of this week's earnings reports and... (Mon, 28 Apr 2008 19:29:53 GMT)

Stocks Advance Modestly Amid Deals
Wall Street held on to a slight advance as investors appeared unenthusiastic about acquisition news and were cautious ahead of this week’s earnings reports and Federal Reserve policy meeting. (Mon, 28 Apr 2008 19:37:32 GMT)

US Cash Grain Review:Spring Planting Speculation Drives Price
CENTRAL CITY, Neb. (Dow Jones)--Speculation regarding delayed spring planting impacted U.S. cash grain prices Monday, sending cash contracts of corn higher and soybean futures sharply lower. (Mon, 28 Apr 2008 20:08:35 GMT)

Stocks make modest advance amid deals, earnings ahead of Fed
Wall Street held on to a slight advance Monday as investors appeared unenthusiastic about acquisition news and were cautious ahead of this week's earnings reports and Federal Reserve policy meeting.Stocks fluctuated most of the morning before turning higher in a session that marked one of the most active days for acquisitions in almost three months. (Mon, 28 Apr 2008 20:14:51 GMT)

Armed robber holds up Athens cash advance
Athens police believe Monday’s armed robbery at a South Jefferson Street check cashing business is connected to three other robberies in Tennessee. (Tue, 29 Apr 2008 01:10:06 GMT)

Payday lending reform should help consumers
While other states clamp down on payday lending, it's unclear what South Carolina will do: coddle the industry as it has since the late '90s, or enact tough rules that help borrowers escape deeper debt spawned by these so-called emergency loans. (Tue, 29 Apr 2008 05:01:18 GMT)

Payday lender says its profits dropped in first quarter
Spartanburg based Advance America Inc. reported a drop Wednesday in company revenues during the first quarter. The payday lender recorded revenues of 165.5 million, a 1.6 percent drop in comparison to the 168.1 million it posted during the same quarter last year. (Tue, 29 Apr 2008 05:29:18 GMT)

Metro Loss Widens on Exchange Rates; Sales Advance (Update2)
April 29 (Bloomberg) -- Metro AG , Germany's largest retailer, said its first-quarter loss widened because of exchange-rate movements that affected euro-denominated loans. (Tue, 29 Apr 2008 08:40:32 GMT)

Nonprofit to hold grant-writing seminar
The nonprofit Carolina Empowerment Center is holding a grant-writing seminar from 1 to 5 p.m. Wednesday at the Capital Senior Center, 1650 Park Circle, off Pickens Street. The seminar is $45 in advance, $50 at the door. The fee for nonprofits is $40. Group rates are available. Cash, checks, Visa and MasterCard are accepted. From staff reports (Tue, 29 Apr 2008 10:17:15 GMT)

Strickland backs cap on interest rates
COLUMBUS — Gov. Ted Strickland wants to put a 36 percent annual interest rate cap on loans made by payday lending stores. State Rep. Chris Widener, R-Springfield, chairman of the House committee considering payday lending restrictions, said Friday, April 25, that he is taking a different approach. (Tue, 29 Apr 2008 10:49:31 GMT)

Strickland backs payday lending interest rate cap
COLUMBUS — Gov. Ted Strickland wants to put a 36 percent annual interest rate cap on loans made by payday lending stores. (Tue, 29 Apr 2008 10:49:51 GMT)

Payday lenders fight 36 percent cap on interest
Payday lending is alive and doing fairly well in Ohio, but proponents of the short-term loan practice say things could go south quickly if the state legislature adopts a bill that would drastically reduce the amount lenders can charge for the service. (Tue, 29 Apr 2008 13:08:20 GMT)

US Cash Hogs Pre-Open: Steady-$1 Higher; Demand Remains Firm
KANSAS CITY (Dow Jones)--Cash hog prices in the Midwest Tuesday remain steady to $1 per hundredweight higher amid continued strong packer demand for hogs, buyers and traders said. (Tue, 29 Apr 2008 13:12:33 GMT)

Bill would cap payday loan rate
Backers say the legislation will end a debt trap that has snared thousands of Ohioans who thought they needed a quick financial fix but ended up borrowing more and more. (Tue, 29 Apr 2008 19:21:22 GMT)

Husted vows to pass payday lending reform
Speaker Jon Husted, R-Kettering vowed on Tuesday, April 29, that the House would pass legislation to reform payday lending "that is going to end the cycle of entrapment that consumers who've been using payday loans find themselves in." (Tue, 29 Apr 2008 19:53:39 GMT)

St. Johns cash advance business robbed
ST. JOHNS - Authorities are looking for a man who robbed a cash advance business today. (Tue, 29 Apr 2008 22:33:06 GMT)

Athens Cash Advance store robbed
Police in Tennessee and Alabama are still looking for a robbery suspect. The same person hit both states in one afternoon. (Wed, 30 Apr 2008 03:57:09 GMT)

Ohio bill could lower payday loan cap to 28%
COLUMBUS: In a surprise move Tuesday, House Republicans introduced legislation that would cap the annual percentage rate charged on payday loans at 28 percent. (Wed, 30 Apr 2008 05:48:40 GMT)

Ohio GOP lawmakers aim to cap payday loan rates at 28 percent
Columbus- In a stunning turn, Ohio House Republicans will offer a stringent payday lending bill today capping loan interest rates at 28 percent annually, below the 36 percent cap that supporters of new industry restrictions had sought. (Wed, 30 Apr 2008 08:43:50 GMT)

Art centre cash boost
THE Moray Art Centre was revealed earlier this month as being among three groups chosen to receive a cash payout from the Lloyds TSB Foundation. (Wed, 30 Apr 2008 10:31:04 GMT)

GOP bill stuns payday lenders
After months of debate over whether to cap payday-lending interest rates at 36 percent, House Republican leaders tossed a sharp curveball yesterday by proposing a 28 percent cap. (Wed, 30 Apr 2008 10:46:36 GMT)

Ohio bill could Lower Payday Loan Cap
Some new protection may be coming for families who turn to Payday Lenders to get from one paycheck to the next. State Representative Bob Hagan of Youngstown is sponsoring one of three lending bills that'll be considered by the House committee on Financial Institutions, Real Estate, and Securities. (Wed, 30 Apr 2008 10:56:32 GMT)

Man Robs Cash Advance Store
Police searching for suspect. (Wed, 30 Apr 2008 11:58:26 GMT)

U.K. Stocks Fall, Led by Rio Tinto, BG; HSBC Shares Advance
April 30 (Bloomberg) -- U.K. stocks declined, led by Rio Tinto Group, as metals prices fell. BG Group Plc dropped after the region's third-largest oil company made an unsolicited $A12.9 billion ($12 billion) bid for Australia's Origin Energy Ltd. (Wed, 30 Apr 2008 12:05:51 GMT)

pSivida Quarterly Cash Flow - March 31, 2008 Commentary and Highlights
pSivida Limited (NASDAQ: PSDV)(ASX: PSD)(FSE: PSI) announced the filing of its Quarterly Cash Flow Statement for the quarter ended March 31, 2008 with the ASX. (Wed, 30 Apr 2008 13:00:00 GMT)

Community Financial Services Association of America Voices Support for Closing Loopholes in 2005 Payday Loan Bill
The Community Financial Services Association of America today voiced its support for closing loopholes in the Payday Loan Reform Act of 2005, which would achieve durable, sustainable reform. (Wed, 30 Apr 2008 19:21:00 GMT)

Money Mart welcomes New Brunswick payday loan law
National Money Mart Company, a subsidiary of Dollar Financial Corp and Canada's leading convenience financial service provider today welcomed the New Brunswick government passing new payday loan legislation that will balance strong consumer protection with a viable payday loan industry. (Wed, 30 Apr 2008 19:42:00 GMT)

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