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Cash Advance News Apr 2009

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Luis's Payday?
The payday loan industry is making an investment in U.S. Rep. Luis Gutierrez that is raising the ire of activists and the notice of campaign finance watchdogs. (Mon, 27 Apr 2009 14:10:22 GMT)

Technology Stocks Favorites in S&P 500 on Zero Debt (Update1)
April 27 (Bloomberg) -- Technology companies are piling up cash and cutting debt faster than any other industry, a signal to investors that they will rally even as evidence mounts that the stock market’s fastest advance since 1938 is in jeopardy. (Mon, 27 Apr 2009 14:39:09 GMT)

Technology Stocks Favorites in S&P 500 on Zero Debt (Update3)
April 27 (Bloomberg) -- Technology companies are piling up cash and cutting debt faster than any other industry, a signal to investors that they will rally even as evidence mounts that the stock market’s fastest advance since 1938 is in jeopardy. (Mon, 27 Apr 2009 22:15:53 GMT)

While some banks are getting tighter with their lending, other places have been more than eager to give you a loan. ...
While some banks are getting tighter with their lending, other places have been more than eager to give you a loan. But you may pay for it. (Tue, 28 Apr 2009 00:00:27 GMT)

Indian Bonds Advance on Speculation Spare Cash Will Spur Demand
April 28 (Bloomberg) -- India’s 10-year bonds advanced on speculation rising cash in the financial system will boost demand for debt. Yields on notes due 2019 declined after subscriptions at the central bank’s daily money auctions climbed to near a record high yesterday, indicating spare funds at banks have increased. (Tue, 28 Apr 2009 12:40:20 GMT)

Money Mart in court over high interest rates
During the first day of a class-action lawsuit trial, the actions of Victoria-based National Money Mart and its U.S. parent company were described yesterday as a conspiracy to charge illegal rates of interest to payday loan customers in Ontario. (Tue, 28 Apr 2009 13:45:19 GMT)

EnCana cash flow falls on energy price drop
EnCana said first quarter cash flow dropped 18% to US$1.9 billion or $2.59 a share due to lower oil and gas prices. Profit rose due to a hedging gain. (Tue, 28 Apr 2009 13:50:58 GMT)

Pyx Financial Announces New Software Support Cash Plan
Vancouver, BC, April 28, 2009--(T-Net)--The Pyx Financial Group of North Vancouver announced a new Software Support Cash Plan for advanced technology companies in British Columbia and Alberta. (Tue, 28 Apr 2009 16:03:20 GMT)

Highlanders advance to state
The Region II-5A tournament at Twin Rivers Golf Club in Waco was dominated by District 14-5A, with The Woodlands taking the title, Lufkin earning the other state berth and Conroe’s J.T. Taylor advancing as a medalist. (Tue, 28 Apr 2009 20:23:03 GMT)

Cash Store Financial reports strong net income growth of 48% for the quarter
The Cash Store Financial Services Inc. today announced third Quarter results for the period ended March 31, 2009. (Tue, 28 Apr 2009 22:50:00 GMT)

Cops: Busy robber hits half-dozen businesses in 1 week
Orange County detectives are investigating a string of robberies, including one late Monday at Advance America Cash Advance. (Wed, 29 Apr 2009 00:49:12 GMT)

Spoken word slam April 29 offers cash prizes
Liberty Worship Center is hosting its "2009 Liberty Poetry Slam" teenagers and adults at 7:30 p.m. Wednesday, April 29 at the center at 171 N. Cuyler, Oak Park. First prize is $1,000; second prize, $350; and third prize $100. Live band. Poets must register in advance; 20 poets maximum. (Wed, 29 Apr 2009 01:41:22 GMT)

Serial Robber Targets Six Store in One Week
According to Orange County Detectives, the suspect was caught on surveillance video when he robbed a Cash Advance. Deputies say the Cash Advance is one of several others that have been targeted by the same suspect. (Wed, 29 Apr 2009 03:54:01 GMT)

Sioux Empire Fair might need more cash until Aug.
The Minnehaha County Commission next week might be asked to consider a supplemental appropriation to the Sioux Empire Fair Association to tide it over until the fair begins in August. The situation apparently revolves around significant cash-flow problems for the embattled fair association, which learned this year it might have had hundreds of thousands of dollars embezzled. A former fair ... (Wed, 29 Apr 2009 07:05:11 GMT)

Money Mart rates legal, court hears
Money Mart did not charge illegal interest rates when it responded to public demand in the mid-'90s by introducing "fast cash advance loans," a lawyer for the company said yesterday as the defence opened its case in a multi-million-dollar class action trial. (Wed, 29 Apr 2009 09:51:34 GMT)

Stocks recharge the advance
Stocks rallied Wednesday afternoon, pushing Wall Street to two-week highs, as investors found the positives in the day's bleak report on first-quarter economic growth. (Wed, 29 Apr 2009 13:50:20 GMT)

Business Cash Advance.com Launches Outreach, Information Program Aimed at Salon, Spa Industry
CORAL SPRINGS, Fla.----With the decline in sales for hair salons and spas as consumers rein in discretionary spending, these businesses are losing their ability to secure beauty salon loans and salon financing via conventional loans and lines of credit from banks and credit cards. (Wed, 29 Apr 2009 16:21:00 GMT)

U.K. Stocks Advance, Led by Banks, Mining Companies; RBS Jumps
April 29 (Bloomberg) -- U.K. stocks advanced, led by a rebound in banks and metal producers after HSBC Holdings Plc recommended Barclays Plc and Lloyds Banking Group Plc and base metals rallied in London. (Wed, 29 Apr 2009 16:23:01 GMT)

VIVALIS : SIGNIFICANT GROWTH IN REVENUES AND CASH FLOWS IN Q1 2009
NANTES, FRANCE--(Marketwire - April 29, 2009) - Significant 2009 first quarter revenue of EUR 2.4 million Continued positive cash flow in first quarter: +EUR 2.1 million Net cash at 31 March 2009: EUR 24.8 million Nantes (France) - 29 April 2009 VIVALIS (NYSE Euronext Paris: VLS), a biopharmaceutical company that provides the pharmaceutical industry innovative cell-based solutions for the ... (Wed, 29 Apr 2009 17:54:44 GMT)

Sen. Tim Johnson leads Congress in campaign contributions from payday lending industry
Sen. Tim Johnson leads Congress in the amount of campaign cash received from the payday lending industry, which has ramped up contributions to key lawmakers in response to legislation to limit interest rates on payday loans. (Wed, 29 Apr 2009 19:39:19 GMT)

Advance America Earnings Per Share Increase 19.0% During First Quarter
Advance America, Cash Advance Centers, Inc. today reported the results of its operations for the quarter ended March 31, 2009. (Wed, 29 Apr 2009 21:12:00 GMT)

Cash Store Financial to Hold Third Quarter Conference Call April 30th, 2009
The Cash Store Financial Services Inc. will hold its management conference call and webcast with shareholders, analysts and institutional investors to discuss its third quarter results for the period ended March 31st, 2009, on Thursday, April 30th, 2009 at 11:00 a.m. (Wed, 29 Apr 2009 21:14:00 GMT)

Payday loans cost borrowers their beds
BORROWERS are losing beds, TVs and washing machines after taking out payday loans. (Wed, 29 Apr 2009 23:09:47 GMT)

Muskegon Heights school board approved superintendent's $55,000 advance
The Muskegon Heights school board last year loaned Superintendent Dana Bryant $55,000 through a pay advance -- a practice that might not be allowed under Michigan's constitution, a state official said. • Most local school districts frown on pay advances (Thu, 30 Apr 2009 02:24:47 GMT)

Payday loan sector slows; Wichita-based Speedy Cash sees challenges ahead
Even payday lenders get the blues. Wichita's Speedy Cash chain was founded 12 years ago by three guys who grew up together, went to Northwest High and Kansas State together, and went into business together. (Thu, 30 Apr 2009 06:08:02 GMT)

Sen. Tim Johnson leads Congress in campaign contributions from payday lending industry
Sen. Tim Johnson leads Congress in the amount of campaign cash received from the payday lending industry, which has ramped up contributions to key lawmakers in response to legislation to limit interest rates on payday loans. (Thu, 30 Apr 2009 07:03:17 GMT)

Europe Markets: Shares in Europe up; banks gain, earnings eyed
European shares advance on Thursday morning, with banks in the lead and investors also eyeing results from chemicals group BASF, major technology firms and others. (Thu, 30 Apr 2009 08:07:48 GMT)

European, U.S. Stock Futures Advance; Shares in Asia Climb
April 30 (Bloomberg) -- European stock futures climbed, suggesting the Dow Jones Stoxx 600 Index will extend its biggest monthly gain on record. Asian shares and U.S. futures rose on speculation the worst of the recession may be over. (Thu, 30 Apr 2009 08:15:45 GMT)

Enbridge Energy Partners Declares Cash Distribution and Reports Earnings for First Quarter 2009
Enbridge Energy Partners, L.P. ("Enbridge Partners" or "the Partnership") today declared a cash distribution of $0.99 per unit payable May 15, 2009 to unitholders of record on May 7, 2009. (Thu, 30 Apr 2009 20:01:00 GMT)

Enbridge Energy Partners Declares Cash Distribution and Reports Earnings for First Quarter 2009
HOUSTON, TX--(Marketwire - April 30, 2009) - Enbridge Energy Partners, L.P. ( NYSE : EEP ) ("Enbridge Partners" or "the Partnership") today declared a cash distribution of $0.99 per unit payable May 15, 2009 to unitholders of record on May 7, 2009 (the ex-dividend date will be May 5, 2009). The Partnership's key financial results for the first quarter of 2009, compared to the same period in ... (Thu, 30 Apr 2009 20:05:04 GMT)

Three women arrested in ID theft, fraud case
Three women were arrested Wednesday after one of them tried using a fraudulent credit card to get a cash advance at an Albany bank, police said. (Thu, 30 Apr 2009 21:07:13 GMT)

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