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Cash Advance News Nov 2006

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Council OKs restrictions on payday loan shops
Avondale on Monday joined other cities in limiting so-called payday loan stores to four per mile. (Fri, 24 Nov 2006 19:36:53 GMT)

Yemen withdrew following doping concerns
SINGAPORE - Yemen pulled out of the Asian Games soccer tournament because of a lack of cash to drug-test their squad following reports that players were addicted to a banned substance, the Asian Football Confederation (AFC) said. (Sat, 25 Nov 2006 05:16:05 GMT)

Another ?Top This? Week for the Deal Makers
PRIVATE equity firms, flush with cash from wealthy institutions and other investors eager for extraordinary returns, snapped up more and bigger companies this week in a burst of takeovers impressive even in a year that is shaping up as a record for mergers. (Sat, 25 Nov 2006 06:14:03 GMT)

Bank of Carolinas declares dividend
MOCKSVILLE — The Bank of the Carolinas Corp.'s board of directors has declared a cash dividend of 5 cents per share of common stock, payable on Jan. 19 to shareholders of record on Jan. 5. (Sat, 25 Nov 2006 06:41:52 GMT)

'Tis the season
Seven minutes after the 6 a.m. Friday opening of Macy's department store in the Genesee Valley shopping center, Deb Grignani and her daughter, Noelle, were headed for the cash registers. (Sat, 25 Nov 2006 12:33:08 GMT)

Report blasts payday lenders
A new report is warning money-strapped Christmas shoppers not to be tempted by offers for fast cash this holiday season, or they could end up with a very unhappy New Year. (Sat, 25 Nov 2006 12:44:49 GMT)

Payday loans have pitfalls
MASON CITY — Five days until payday can be a long time when the rent is due and you don’t have enough money to pay it. For some families, payday loan businesses come to the rescue. The check doesn’t bounce and the landlord’s late rent fee is avoided. (Sat, 25 Nov 2006 14:18:27 GMT)

Police Investigate Killing At Cash Advance Store
Police were looking Saturday for the person who killed a worker at a cash advance store on Friday afternoon. (Sat, 25 Nov 2006 22:19:08 GMT)

Just until payday
Five days until payday can be a long time when the rent is due and you don’t have enough money to pay it. For some families, payday loan businesses come to the rescue. The check doesn’t bounce and the landlord’s late rent fee is avoided. (Sun, 26 Nov 2006 06:33:38 GMT)

DONALD D. GROFF TRAVEL Q&A: Get on the beat for jazz festival
Q. A group of friends is considering going to Copenhagen, Denmark, for the annual jazz festival, perhaps in 2008. Do you have any advice for making arrangements so we know well in advance what our costs will be and can start saving? (Sun, 26 Nov 2006 08:28:17 GMT)

NW Pilots Seeks Permission To Sell Claim Against Airline
ALPA Wants To Cash Out Early Northwest's pilot's union has asked management to allow the early sale of part of its nearly $900 million unsecured claim against the airline. (Sun, 26 Nov 2006 10:03:56 GMT)

Close the loopholes
Anybody paying 500 percent annual interest on a loan has to be foolish, desperate or not realize what they are doing. Some payday lenders charge that kind of interest. (Sun, 26 Nov 2006 13:16:53 GMT)

Their Opportunism, Our Opportunity
The Nation -- The Republicans had yet to concede Virginia and there were around a dozen House races still too close to call when New York magazine hit the stands the week of the midterm elections. It featured a picture of Hillary Clinton and the words: "And now the real race begins." (Sun, 26 Nov 2006 16:00:00 GMT)

Gold tops $640, highest since Aug as dollar slips
TOKYO, Nov 27 (Reuters) - Cash gold rose above $640 an ounce to its highest level since August on Monday as investment funds bought the precious metal as an alternative to the dollar, which slipped to a 20-month low against the euro. (Mon, 27 Nov 2006 01:20:17 GMT)

Leftist Candidate in Ecuador Is Ahead in Vote, Exit Polls Show
Rafael Correa, an urbane economist who has rattled nerves in Washington, seems headed to a victory in the presidential election. (Mon, 27 Nov 2006 02:51:20 GMT)

Travelers test TSA's Clear card, Turkish crowd protests pope's visit
November 27, 2006 (Mon, 27 Nov 2006 03:15:50 GMT)

The Thinkers: Prof says former Soviet republic can teach about hospitality
Jennifer Cash is an expert on Moldova. No, not the mythical kingdom in the 1980s' TV series "Dynasty" -- that was Moldavia -- but the former Soviet republic nestled between Romania and Ukraine in southeastern Europe. (Mon, 27 Nov 2006 05:19:21 GMT)

Group's take on 'holiday loans': Stay away
Now you can borrow against your own money even earlier. Two nationwide tax preparers are offering new loan products in time for the holidays, backed by future tax returns. To issue a loan, tax preparers use pay stubs to estimate a customer's tax refund. (Mon, 27 Nov 2006 10:31:21 GMT)

A how-to primer on investing
A little research will help you find out where to put your money, says Dr. Don. (Mon, 27 Nov 2006 11:00:00 GMT)

Board set to discuss expenses
The chairwoman of the board that runs cash-strapped Doctors Medical Center has vowed to prevent abuses of board members' expense accounts, proposing an end to past practices of paying for hotel minibars and extended stays at conferences. (Mon, 27 Nov 2006 11:10:25 GMT)

Is CVS the Prescription Fix for Caremark?
David Phillips submits: On November 9, 2006, shareholders upset over the planned merger of prescription benefits manager [PBM ] Caremark Rx, Inc. with CVS Corp. filed suit in Nashville federal court, claiming the business combination was merely a cover for a takeover by the drugstore chain and wasnt fair to [... ] (Mon, 27 Nov 2006 11:15:28 GMT)

Leftist candidate leading in Ecuador, polls show
Exit polls show close contest between two colorful candidates: Rafael Correa, an economist, and Álvaro Noboa, a banana tycoon. (Mon, 27 Nov 2006 12:45:51 GMT)

For the environment
QUARRY ROAD BLITZ — Windward Ahupua'a Alliance will hold its Kapa'a Quarry Road Blitz Contest 9-11:30 a.m. Dec. 9, with HI-5 container drop-off 8:45-11:45 a.m. at Kawai Nui Wayside Park. Contest open to six-person teams in two categories: middle school students; and high school and college students, adults from community groups, service clubs, churches and businesses. Cash prizes for the top (Mon, 27 Nov 2006 13:53:46 GMT)

Sterling Commerce to Acquire E-Commerce Firm Comergent
Sterling Commerce, an AT&T subsidiary, last week acquired e-commerce platform provider Comergent for US$155 million in cash -- further evidence of the rapid development and consolidation taking place in the B2C and B2B market sectors. The merger offers AT&T an opportunity to cross-sell the end-to-end order fulfillment solution with its hosted service. (Mon, 27 Nov 2006 17:39:28 GMT)

‘Secret Shopper’ scams Columbian
Cheryl Decker just wanted a quick way to earn some extra cash for her and her two daughters. People can protect themselves from overpayment scams by scrutinizing any deal that seems too good to be true. (Mon, 27 Nov 2006 20:59:41 GMT)

Money Mart Welcomes Nova Scotia Law on Payday Loans
BERWYN, Pa.----National Money Mart Company, a subsidiary of Dollar Financial Corp and Canada's leading convenience financial services provider, welcomes the new legislation passed by the Nova Scotia government on November 23, 2006 that will balance strong consumer protection with a viable payday loan industry. (Mon, 27 Nov 2006 21:01:00 GMT)

S&P Downgrades Claire's Stores Shares
Plus: Analyst opinions on Ford Motor, Massey Energy, and more (Mon, 27 Nov 2006 22:17:15 GMT)

Ford's $18 Billion Borrowing Blitz
Shares fell Monday as the troubled automaker announced its latest financing moves (Mon, 27 Nov 2006 22:17:45 GMT)

Chinese Tech Stock Weekly Report
IRG Limited submits: The following is excerpted from IRG's weekly stock report: Internet Industry sources said that Siemens AG may withdraw from the Internet TV market in China after the German industrial conglomerate has dismissed its team in charge of Internet Protocol Television in China. (Tue, 28 Nov 2006 04:11:10 GMT)

Know the return policies before you buy
NEW YORK (MarketWatch) -- To the long and lengthening list of scams and petty shakedowns, add a new one: Return fraud -- when criminals take advantage of companies' return policies to get cash for stolen goods or return used items. The National Retail Federation says merchants can expect to lose $3.5 billion from return fraud this holiday season. (Tue, 28 Nov 2006 05:01:55 GMT)

It's the loan of a lifetime . . . literally
For the average consumer, loans that fit in with your lifestyle would be fast and easy to get, and would never require repayment. As long as the real-world lenders want their money back with interest,... (Tue, 28 Nov 2006 05:01:59 GMT)

MARSHALL LOEB'S DAILY MONEY TIP: Know The Return Policies Before You Buy
NEW YORK (Dow Jones) -- To the long and lengthening list of scams and petty shakedowns, add a new one: Return fraud -- when criminals take advantage of companies' return policies to get cash for stolen goods or return used items. (Tue, 28 Nov 2006 06:08:46 GMT)

Payday-loan sites limited by Avondale
Avondale puts limits on payday-loan stores. (Tue, 28 Nov 2006 07:35:33 GMT)

Insurers learn to pinpoint risks -- and avoid them
Computer models can test a quake's effects on your house. The result could change your rates or threaten your policy. (Tue, 28 Nov 2006 08:06:12 GMT)

Woman Shot, Killed Inside Cash Advance Store
FORT WORTH, Texas -- Richardson police said they have plenty of leads in the murder investigation of a woman found shot to death inside a Cash Advance store. (Tue, 28 Nov 2006 16:34:18 GMT)

Stocks calm after storm
Stocks struggled near break even around midday Tuesday morning as investors weighed a variety of reports about the strength of the economy and played it cautious one day after the biggest sell-off in four months. (Tue, 28 Nov 2006 17:30:50 GMT)

On the Net: Analyzing the movie biz
Hollywood industry news and box office reports went mainstream a long time ago. But if you want to dig a little deeper into the studio machinations behind those Sunday evening totals, Movie City News is a good place to start. (Tue, 28 Nov 2006 18:14:58 GMT)

Stocks dip on Bernanke
Stocks crept lower Tuesday afternoon, as investors weighed some hawkish comments about the economy and inflation from Federal Reserve Chairman Ben Bernanke after the morning's mostly weaker economic news. (Tue, 28 Nov 2006 18:15:41 GMT)

Manitoba passes payday loan legislation
Payday loan companies in Manitoba will need to be licensed and bonded, thanks to "first of its kind" legislation the provincial government passed Tuesday. (Tue, 28 Nov 2006 19:07:03 GMT)

Growth worries clip stocks
Stocks dipped Tuesday afternoon, as investors fretted over the outlook for the economy following hawkish comments from Federal Reserve Chairman Ben Bernanke and a trio of weak reports released in the morning. (Tue, 28 Nov 2006 19:31:00 GMT)

Stocks stage recovery try
Stocks turned higher Tuesday afternoon, with investors making a late-day push after a difficult session marred by worries about the speed of the economic slowdown. (Tue, 28 Nov 2006 21:00:40 GMT)

Cymetrix Adds New IT Solutions, Hospitals Improve Cash Flow When Revenue Cycle Gets a Good Start
IRVINE, Calif., Nov. 28 /PRNewswire/ -- Cymetrix(SM), a leader in providing hospitals and healthcare networks with innovative revenue cycle solutions, signed agreements with four strategic partners to greatly expand its technological capabilities in patient access. (Tue, 28 Nov 2006 22:16:16 GMT)

Stocks stage a comeback
Stocks managed modest gains Tuesday, recovering at the end of a choppy session in which worries about the economy and a run up in oil prices kept investors on edge. (Tue, 28 Nov 2006 23:00:50 GMT)

KTSM News
Tuesday, November 28, 2006 - The U.S. Department of Defense is taking steps to protect its troops from financial threats on the homefront. The passing of two laws has been instrumental in this endeavor. (Wed, 29 Nov 2006 01:30:32 GMT)

Sime Darby, Golden, Guthrie Advance on Merger Offer (Update3)
Nov. 29 (Bloomberg) -- Shares of Sime Darby Bhd., Golden Hope Plantations Bhd. and Kumpulan Guthrie Bhd. climbed after a 31.4 billion-ringgit ($8.7 billion) proposal to combine the palm-oil producers in Malaysia's biggest-ever merger. (Wed, 29 Nov 2006 04:55:04 GMT)

Sime Darby, Golden, Guthrie Advance on Merger Offer (Update4)
Nov. 29 (Bloomberg) -- Shares of Sime Darby Bhd., Golden Hope Plantations Bhd. and Kumpulan Guthrie Bhd. climbed after a 31.4 billion-ringgit ($8.7 billion) proposal to combine the palm-oil producers in Malaysia's biggest-ever merger. (Wed, 29 Nov 2006 07:10:52 GMT)

Credit union wants to help low-income residents
The heyday of the payday lender may be about to come to an end in Battle Creek. (Wed, 29 Nov 2006 09:44:49 GMT)

Water-monitoring technology earns enterprise contest prize
A company that wants to offer technology that provides real-time monitoring of water supplies has new funding to help advance its work. (Wed, 29 Nov 2006 10:03:37 GMT)

King cash ensures Irish get BCS bid
Now I know the holidays are upon us, and not just because the house down the street has so many lights on it people from the next galaxy over have taken to wearing sunglasses. (Wed, 29 Nov 2006 10:10:11 GMT)

How to stay safe this festive season...
It is an unfortunate reality that criminals also view this time of the year as an opportune time to cash in. Chubb Security has some useful advice... (Wed, 29 Nov 2006 10:41:36 GMT)

European Stocks Gain on Takeover Optimism; VW, BHP Pace Advance
Nov. 29 (Bloomberg) -- European stocks climbed, snapping the longest losing streak in 15 months, on speculation Volkwagen AG, MAN AG and EMI Plc may be taken over. (Wed, 29 Nov 2006 11:27:14 GMT)

European Stocks Gain on Takeover Optimism; VW, BHP Pace Advance
Nov. 29 (Bloomberg) -- European stocks climbed, snapping the longest losing streak in 15 months, on speculation Volkwagen AG, MAN AG and EMI Plc may be taken over. (Wed, 29 Nov 2006 11:35:20 GMT)

PRESS RELEASE: HMV to partner Nintendo for official UK midnight launch of hugely anticipated new console
29 November 2006. Nintendo UK has today announced it will officially partner with HMV when it launches its new console, Wii, at midnight on 7th/8th December 2006. The action kicks off from 11pm at HMV, 150 Oxford Street, London with the chance for everyone to come down and play launch game Wii Sports against top sporting celebrities including Ian Wright, Jodie Kidd, Pat Cash and Ricky Hatton. (Wed, 29 Nov 2006 11:38:15 GMT)

Barrick's Offer to Acquire NovaGold Will Expire on December 6 and Will Not be Extended
Barrick Gold Corporation(TSX: ABX)(LSE: BGD) announced today that Wednesday, December 6, 2006 will be the final expiry date for its US$16.00 cash offer to acquire the common shares of NovaGold Resources Inc. (Wed, 29 Nov 2006 13:41:00 GMT)

How to stay safe this festive season...
It is an unfortunate reality that criminals also view this time of the year as an opportune time to cash in. Chubb Security has some useful advice... (Wed, 29 Nov 2006 14:09:19 GMT)

Lawmakers take keen interest in high-interest payday loans
The government is stepping in to lower the interest rate charged to the military by payday loan businesses. (Wed, 29 Nov 2006 16:16:36 GMT)

European Stocks Advance on Takeovers, U.S. Economic Outlook
Nov. 29 (Bloomberg) -- European stocks headed for the biggest gain in two months on speculation takeovers will increase and the U.S. is avoiding an economic slump and inflation. (Wed, 29 Nov 2006 16:20:20 GMT)

Barrick's Offer to Acquire NovaGold Will Expire on December 6 and Will Not be Extended
Barrick Gold Corporation (NYSE: ABX)(TSX: ABX)(LSE: BGD) announced today that Wednesday, December 6, 2006 will be the final expiry date for its US$16.00 cash offer to acquire the common shares of NovaGold Resources Inc. There will be no further extensions of Barrick's offer. (Wed, 29 Nov 2006 18:08:24 GMT)

When customers make loans on stolen property, shop owners often pay the price.
In some ways PJ's Pawn Plus is your stereotypical pawnshop. It's located in a Hanley Hills strip mall that also includes a check-cashing business, a National Rent to Own and a place offering payday loans. On a recent visit, the parking lot was littered with crushed beer cans. Paul Taxman, the ... (Wed, 29 Nov 2006 19:44:00 GMT)

Paper, wood companies stagnate
The slowdown in the housing business and a drop in newsprint demand have pulled some of the stocks lower, while speculation about interest in the companies from private equity buyers has helped others advance. (Wed, 29 Nov 2006 19:56:31 GMT)

Money Mart Welcomes Manitoba Law to Regulate Payday Loan Industry
BERWYN, Pa.----National Money Mart Company, a subsidiary of Dollar Financial Corp and Canada's leading convenience financial services provider, welcomes new legislation passed by the Manitoba government on November 28, 2006 that will balance strong consumer protection with a viable payday loan industry. (Wed, 29 Nov 2006 21:01:00 GMT)

Ingram Micro Reaffirms Fourth-Quarter Guidance in Advance of Investor Conferences
SANTA ANA, Calif., Nov. 29 /PRNewswire-FirstCall/ -- Ingram Micro Inc. ( Nachrichten ), the world's largest technology distributor, today reaffirmed its guidance for the fourth-quarter ending Dec. 30, 2006, in advance of executive presentations at upcoming investor conferences in December. (Wed, 29 Nov 2006 23:27:51 GMT)

1UP's Retro Roundup: 11/29 Edition
Old games, new consoles. What's worth your cash? (Wed, 29 Nov 2006 23:36:09 GMT)

Bonds set for two men arrested in Cash Advance robbery
Bond was set at $250,000 or more Wednesday for the two men arrested in connection with a Tuesday robbery of First American Cash Advance. Brandon Jamal Dearmond, 19, unknown address, has a $261,000 bond, while Diondray Marquis Beal, 21, of 1622 S. Limestone St., has a $250,000 bond. (Thu, 30 Nov 2006 02:46:38 GMT)

T S Telecom Ltd. - September 30, 2006 second quarter financial results
T S Telecom Ltd. and its Subsidiary Companies reported a net loss of approximately $0.63 million for the six months period ended September 30, 2006. As at September 30, 2006, the Group had approximately $0.24 million or $0.01 per share of cash. (Thu, 30 Nov 2006 03:10:00 GMT)

Ingram Micro Reaffirms Fourth-Quarter Guidance in Advance of Investor Conferences
Ingram Micro Inc. , the world's largest technology distributor, today reaffirmed its guidance for the fourth-quarter ending Dec. 30, 2006, in advance of executive presentations at upcoming investor conferences in December. (Thu, 30 Nov 2006 04:21:58 GMT)

German Stocks Including Henkel Decline; Man AG Shares Advance
Nov. 30 (Bloomberg) -- German stocks including Henkel KgaA dropped. Deutsche Bank AG said it is selling 1 million ordinary shares of the maker of Persil detergent. (Thu, 30 Nov 2006 09:42:24 GMT)

German Stocks Advance for Second Day, Led by MAN and RWE Shares
Nov. 30 (Bloomberg) -- German stocks rose, led by MAN AG. Shares of Europe's third-largest truckmaker gained for a second day on takeover speculation. RWE AG, the region's third-largest utility, also paced the advance. (Thu, 30 Nov 2006 11:43:02 GMT)

Make no mistake, fast and easy cash to cost you
For the average consumer, "loans that fit in with your lifestyle" ideally would be fast and easy to get and would never require repayment. (Thu, 30 Nov 2006 13:00:03 GMT)

Nigeria arms Liberia's newly trained police
Nigeria is giving firearms to Liberia's newly trained but cash-strapped national police force following the lifting of a UN arms embargo in June, Liberia's police chief has said. (Thu, 30 Nov 2006 13:41:04 GMT)

German Stocks Advance for Second Day, Led by MAN, Metro, RWE
Nov. 30 (Bloomberg) -- German stocks rose, led by MAN AG. Shares of Europe's third-largest truckmaker gained for a second day on takeover speculation. (Thu, 30 Nov 2006 14:21:32 GMT)

Xanthus Secures $25 Million to Advance Development of Its Pipeline
CAMBRIDGE, Mass.----Xanthus Pharmaceuticals, Inc., a privately-held oncology drug development company, today announced that it closed an equity financing, raising $25 million through the sale of additional shares of its Series B Convertible Preferred Stock. (Thu, 30 Nov 2006 14:30:00 GMT)

Payday Lenders Take $4.2 Billion From Working Families Nationwide, Study Finds
Payday lenders pocket $4.2 billion in excessive fees each year from Americans who seek a two-week loan and end up trapped in debt, according to a new report released today by the Center for Responsible Lending. (Thu, 30 Nov 2006 19:00:00 GMT)

Payday Advance Industry Says New Report Misrepresents Customers' Use of the Popular Short-Term Credit Product
The Community Financial Services Association of America , a national trade group of responsible payday advance companies, today dismissed a report by the Center for Responsible Lending as misleading and lacking perspective. (Thu, 30 Nov 2006 20:50:00 GMT)

Advance America Calls Latest Payday Lending Study Misleading and Inaccurate
Advance America , the nation's largest provider of payday advances, said a report issued today by the Center for Responsible Lending is yet another attempt by this special interest group to distribute misleading and inaccurate information to undermine consumers' ability to access funds for payday advances. (Thu, 30 Nov 2006 21:35:00 GMT)

Report: Payday lending is costly 'financial quicksand'
The payday lending industry costs Virginia families $160 million a year in excessive fees by trapping borrowers in a cycle of debt, according to a report released today by the Center for Responsible Lending. (Thu, 30 Nov 2006 22:03:40 GMT)

Man robs store at gunpoint
Authorities are searching for a man who robbed First American Cash Advance at 2600 Anderson Road at gunpoint around 2 p.m. today, a Greenville County Sheriffʼs Office spokesman said. (Thu, 30 Nov 2006 22:13:41 GMT)

QC Holdings, Inc. to Acquire 51 Express Check Advance South Carolina Branches
OVERLAND PARK, Kan.----QC Holdings, Inc. announced the acquisition of 51 South Carolina-based Express Check Advance, LLC payday loan branches for approximately $16.2 million in cash, effective as of the open of business on December 1, 2006. (Thu, 30 Nov 2006 22:41:00 GMT)

QC Holdings Buys 51 Loan Branches
QC Holdings Inc., owner of about 550 payday loan stores, said Thursday it bought 51 branches of Express Check Advance LLC for $16.2 million in cash. (Thu, 30 Nov 2006 23:15:37 GMT)

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