Debt Counseling

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Related Debt News for our Convoy OH visitors

Reuters - General Electric Co plans to scale back its hefty finance arm and cut jobs across its range of businesses as it braces for what it expects to be a worsening economic environment next year, executives said.

AFP - US Treasury Secretary Henry Paulson urged China Tuesday to keep its currency flexible and to wean itself from export-led growth in its bid to achieve "balanced" economic expansion despite global financial turmoil.

AFP - European and US stocks rose on Tuesday in a technical rebound after very heavy losses the previous day as concerns mounted that the global economy faces a long and painful recession.

Reuters - U.S. state governors urged President-elect Barack Obama on Tuesday to pump money into infrastructure and help support the poor as a sinking economy hits state budgets hard.

Reuters - Sears Holdings Corp reported a wider-than-expected quarterly loss on Tuesday as the weak economy hurt sales, but announced that it was closing underperforming stores and its shares rose 16 percent.

AFP - Delta Air Lines, the new number-one US airline, said Tuesday it would reduce capacity by six to eight percent next year to cope with the global economic slowdown and falling passenger demand.

AP - The Federal Reserve has extended the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.

AFP - Governors of more than 40 cash-strapped US states Tuesday pressed president-elect Barack Obama for a hefty helping of his planned multi-billion dollar economic kick-start plan.

AFP - The global economic crisis swept on to another watershed on Tuesday with EU ministers targeting a huge spending boost, stocks gyrating, the US in recession and central banks looking for new rescue routes.

AP - European Union finance ministers on Tuesday endorsed a public spending plan that would pump euro200 billion ($252 billion) over two years to boost an economy that has fallen into recession.

Reuters - U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy.

AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.

AFP - The United States and China hold high level talks this week expected to be dominated by concerns whether China can maintain high growth rates at a time when global expansion has been dampened by financial turmoil.

Reuters - British Airways is in merger talks with Australia's Qantas , it said on Tuesday, adding to various attempts at consolidation in an industry desperate to cut costs in the global economic downturn.

AP - Sears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, due mainly to hefty charges related to store closures and disappointing U.S. sales.

Reuters - The storm buffeting the U.S. economy threatens to swamp the $175 billion corporate meetings industry as companies seek to cut back on expenditure by reducing the number of conferences they hold.