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Cash Advance News Mar 2007

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Discover to Buy Out Cox Stake
Discovery Communications Inc. agreed to acquire Cox Communications' stake in the company in exchange for $1.275 billion in cash and the assets of the Travel Channel, Travelchannel.com and Antenna Audio. (Thu, 29 Mar 2007 15:52:34 GMT)

Staten Island Advance!
Less than five months after losing in his bid to become Staten Island's first out gay elected official in a race for an open state Senate seat, Matt Titone breezed to victory March 27 in a special state Assembly contest. (Thu, 29 Mar 2007 16:01:01 GMT)

Al Qaeda captive denies funding 9/11
GUANTANAMO BAY NAVY BASE, Cuba -- A Saudi captive held here as an alleged al Qaeda bagman reportedly admitted to running a money drop in the Persian Gulf, but said he didn't fund the Sept. 11 attacks and only knew scantily about them in advance. (Thu, 29 Mar 2007 16:19:58 GMT)

Payday lending reform passes Senate subcommittee
Restrictions on South Carolina's payday lending industry got key committee approval this morning. (Thu, 29 Mar 2007 16:41:19 GMT)

Nasdaq turns negative for '07
Stocks gave up most gains Thursday afternoon, with the Nasdaq falling into the negative column for the year, as investors backed away from an early fourth-quarter growth-inspired advance. (Thu, 29 Mar 2007 17:33:27 GMT)

Canadian Stocks Advance, Led by BCE, on Takeover Speculation
March 29 (Bloomberg) -- Canadian stocks rose on takeover speculation, after a newspaper report that buyout firm Kohlberg Kravis Roberts & Co. has been in discussions with BCE Inc. about a bid. Shares pared gains after BCE said it's in no such talks. (Thu, 29 Mar 2007 18:10:05 GMT)

Senate panel votes to restrict payday lending in SC
A Senate panel voted Thursday to restrict payday lending in South Carolina. The proposals would limit loans to five a year and decrease the loans' limits to $400. It would also require borrowers pay off one loan before getting another and set a seven-day wait between loans. (Thu, 29 Mar 2007 23:18:10 GMT)

Detainee denies offering money to further 9/11 plot
GUANTANAMO BAY NAVY BASE, Cuba -- One of 14 so-called high-value prisoners held here as an alleged al Qaeda bagman has told a military panel that he didn't provide money to the 9/11 hijackers and knew little about the plot in advance. (Thu, 29 Mar 2007 23:49:45 GMT)

Courts Are Overloaded With Payday Loan Lawsuits
The courts are swamped with lawsuits from payday loan-type businesses. The I-Team's Adrienne Augustus explains why so many loan companies are filing lawsuits and how the courts are coping with it. (Fri, 30 Mar 2007 00:39:15 GMT)

Cash Feenz defendant guilty on all accounts
Casting aside tearful claims of duress from the pregnant teenager, a Lee County jury found Ashley Toye guilty on all counts Thursday in the brutal kidnapping and first-degree murder of two young men at a Cape Coral party. (Fri, 30 Mar 2007 04:34:01 GMT)

India Call Rate Hits 10-Year High At 75% Vs 30% In Early Trade
MUMBAI -(Dow Jones)- Call money rates in India surged to a 10-year high of 75% in early trade Friday as banks scampered to borrow funds to meet cash reserve ratio requirements, traders said. (Fri, 30 Mar 2007 04:47:21 GMT)

East Ridge police seeking armed robber
An East Ridge businesswoman was robbed at gunpoint, and police are searching for a man who was picked up in a Chevrolet minivan. According to East Ridge police, a man entered the Already Approved Cash Advance at 6007 Ringgold Road around 1 p.m. Monday. (Fri, 30 Mar 2007 05:34:42 GMT)

Saudi captive in Cuba says he didn't fund Sept. 11
A Saudi captive held as an alleged al-Qaeda bagman reportedly admitted running a money drop in the Persian Gulf but said he didn't fund the Sept. 11 attacks and knew only scantily of them in advance. (Fri, 30 Mar 2007 07:19:17 GMT)

Esprit Financial Group Inc. (Esprit) (CHNW.PK) Payday Loan Business Division Online Marketing Program Generating ...
Esprit Financial Group Inc. www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. (Fri, 30 Mar 2007 10:00:00 GMT)

Esprit Financial Group Inc. (Esprit) (CHNW.PK) Payday Loan Business Division Online Marketing Program Generating ...
Esprit Financial Group Inc. www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. (Fri, 30 Mar 2007 10:00:00 GMT)

Business news in brief
AmerisourceBergen Corp., Valley Forge, said it agreed to buy Bellco Health Corp., a privately held distributor of branded and generic drugs, for $235 million in cash. (Fri, 30 Mar 2007 10:28:46 GMT)

Canadian Market Looks To End The Week On A High Note - Canadian Commentary
(RTTNews) - With oil extending gains to rise above the $66.00 per barrel mark in New York's early dealing, the Canadian market could end the week on a positive note by building on a notable advance from the previous session. (Fri, 30 Mar 2007 12:02:34 GMT)

Discovery to Shed Cox Ownership for $1.28B
Cox Communications plans to swap its stake in Discovery Communications for $1.28 billion in cash and several assets, including the Travel Channel cable network. Atlanta-based Cox, which is one of the nation's largest cable operators, holds 25 percent of Discovery Communications and has been an owner of the company since it was created 21 years ago. (Fri, 30 Mar 2007 15:41:06 GMT)

Miami's Carnival Center Faces Serious Cash Crunch
The Carnival Center for the Performing Arts, faced with cost overruns and low attendance, could run out of money by mid-May, reports The Miami Herald. (Fri, 30 Mar 2007 17:50:47 GMT)

Governor signs measure to regulate payday lenders
SANTA FE (AP) - Governor Richardson has signed legislation which puts payday lenders under tighter regulation. The law will cap fees and restrict a consumer’s total loans. It also would prohibit immediate loan rollovers — a practice in which a consumer takes out a new loan to pay off the old one. (Fri, 30 Mar 2007 20:08:35 GMT)

Governor signs measure to regulate payday lenders
SANTA FE Governor Richardson has signed legislation which puts payday lenders under tighter regulation. The law will cap fees and restrict a consumer's total... (Fri, 30 Mar 2007 20:15:56 GMT)

Record corn planting forecast for Illinois, weather permitting
Illinois farmers expect to plant a record 12.9 million acres of corn this year to cash in on near-record prices spurred by demand for ethanol, but Mother Nature may have the final say. (Fri, 30 Mar 2007 20:49:14 GMT)

NM Governor Signs Payday Lenders Bill
Payday lenders will come under tighter regulation by the state later this year under legislation signed into law Friday by Gov. Bill Richardson. (Fri, 30 Mar 2007 21:06:35 GMT)

NM Governor signs measure to regulate payday lenders
Governor Richardson has signed legislation which puts payday lenders under tighter regulation. The law will cap fees and restrict a consumer's total loans. (Fri, 30 Mar 2007 21:09:53 GMT)

Earthlink's cell venture running low on cash
EarthLink's cellphone venture might go out of business unless management can line up additional financing this year. The venture, known as Helio, is jointly owned by Atlanta-based EarthLink and SK Telecom of South Korea. Helio lost $191.8 million last year. According to a filing Friday with the Securities and Exchange Commission, Helio doesn't have enough cash to operate through 2007. Executives ... (Fri, 30 Mar 2007 22:10:06 GMT)

Advance Technologies, Inc. Signs LOI with Tieli Xiaoxinganlin Frog Breeding Co., Ltd.
NEW YORK----Advance Technologies, Inc. has signed a Letter of Intent to acquire Tieli Xiaoxinganlin Frog Breeding Co., Ltd., a company registered in the People Republic of China that is a wholly owned subsidiary of American SXAN Biotech, Inc. , a Delaware Corporation, on Jan. 23, 2007. (Sat, 31 Mar 2007 00:46:00 GMT)

House, Senate advance surplus spending bills
LITTLE ROCK - The Arkansas House and Senate each passed identical but separate bills Friday deciding how to spend the state's estimated $919 million surplus, setting funding for lawmakers' projects and those of Gov. Mike Beebe. (Sat, 31 Mar 2007 00:50:04 GMT)

Payday industry puts forward changes; consumer advocates wary
COLUMBIA, S.C. — Soft music plays in the background of a new TV ad campaign as it urges viewers to only use payday loans for emergencies. One scene shows a broken-down car. Another depicts a young boy in a doctor's office, his arm in a sling. (Sat, 31 Mar 2007 01:59:37 GMT)

Virginia Waring piano finalists announced
Two natives of China and a Southern California girl will advance to the Sunday finals of the Virginia Waring International Piano Competition after winning today’s preliminary round of the Intermediate Concerto Competition. (Sat, 31 Mar 2007 02:07:00 GMT)

Nampa Police Arrest Suspect in Two Armed Robberies
Nampa police detectives working surveillance at area businesses after two recent armed robberies say they've caught their man. The surveillance began after the same robber hit a Singers Insta Cash and (Sat, 31 Mar 2007 02:07:44 GMT)

Gator Fans Head To Final Four
Gator attire? Check. Cash to buy Final Four semifinal and (they hope) national championship game tickets? Check. (Sat, 31 Mar 2007 04:26:01 GMT)

Mendoza sees bills advance
Editor's note: It's Politics reports Saturdays on the ins and outs of Whittier-area politics and city government. It was a good week for Assemblyman Tony Mendoza, but not such a good one for Assemblyman Bob Huff. (Sat, 31 Mar 2007 05:17:11 GMT)

Police arrest suspect in two robbery cases
Caldwell police arrested a man Friday suspected of robbing two Nampa check cashing businesses at gunpoint. Police arrested Joshua M. Adams, 20, after a plainclothes detective spotted him walking toward The Cash Store at 183 Maine Ave. East in Nampa around 10:20 a.m., Nampa police said. (Sat, 31 Mar 2007 06:18:11 GMT)

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