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- (AFX UK Focus) 2008-11-10 12:55 UPDATE 1-Eskom signs $500 mln loan with AfDB for expansions (Interactive Investor)
www.iii.co.uk JOHANNESBURG, Nov 10 (Reuters) - South Africa's state-owned utility Eskom said on Monday it had signed a $500 million 20-year loan with the African Development Bank to support its long-awaited power expansion programme. Eskom, which provides 95 percent of the country's power, has been rationing electricity since January, when the national grid nearly collapsed, affecting major industries, ...
- Retailers Target, Nordstrom hit crunch with branded cards (USA Today)
www.usatoday.com Retailers such as Target and Nordstrom are facing surging credit card delinquencies. Many retailers have a store-branded credit card, though many have unloaded their credit card portfolios to banks.Target and Nordstrom, among a handful of other retailers, defied this trend, which looked like a smart move when times were good. Retail credit cards typically charge interest rates of 20% of more, ...
- GM may run out of gas before Obama arrives - Beatrice Daily Sun
www.beatricedailysun.com DETROIT (AP) -- In recent months, General Motors has been burning through about $3.1 million an hour, or $52,000 -- the price of a well-equipped Chevy Tahoe SUV -- every minute. How much longer can this go on? And perhaps more important, can GM hang ...
- More laws target owners of abandoned houses (USA Today)
www.usatoday.com As foreclosures mount around the country and vacated homes slowly turn into neighborhood eyesores, governments from California to Chicago to Rhode Island are cracking down on owners in a variety of ways.
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