PacSun, the Anaheim-based surfwear brand, has hired financial advisers to help with its $160 million debt, payable at the end of the year, according to The Wall Street Journal. The troubled brand is working with Washington, D.C.-based restructuring firm FTI Consulting Inc. and New York-based investment bank Guggenheim Securities. In 2011, PacSun received a $100…
Mental health and debt problems: ‘A marriage made in hell’ Hugh Pym Health editor 4 March 2016 From the section Health Much has been written about the easy availability of debt at a time of record low interest rates. The latest data showed that consumer credit was growing at the fastest pace in a decade.…
Employers are increasingly looking to lure talented college graduates burdened by student loans with offers of help to repay their debt. But is the new perk really a benefit or simply employers giving lip service to the woes of 20-somethings? It appears that in many cases, having the boss help pay off student loans can…
Among the most interesting tidbits to emerge from Kanye West’s recent series of social media meltdowns is the fact that the rapper is somehow $53 million in debt. It seems that Kanye spent most of the money investing in his Yeezy fashion line, and if you think that sounds like a lot of cash…
Wondering how to clear that FEE-HELP debt? Have some free advice. The hardest and yet sometimes easiest way to pay off your FEE-HELP debt is to make certain sacrifices, like skipping that weekly, expensive fast food meal, or not buying that item of clothing you definitely don’t need. Cutting out the small yet expensive things…
Despite a 22% increase in net profit compared to same period last year (or yoy), HSIL has negatively surprised the street with its third quarter results. The decline in EBITDA margin due to the unfavourable product mix is one reason for this, while HSIL channelising the benefit from the fall in fuel cost towards increased…
RIO DE JANEIRO: A Chinese loan of up to $10 billion to Brazil’s Petrobras could pay nearly all its $12 billion in maturing obligations in 2016, easing pressure on the oil company as it struggles to fix its troubled finances by selling assets and slashing spending. The credit line to Petroleo Brasileiro SA, as state-run…
(Recasts with loan helping to pay 2016 debt) By Jeb Blount Feb 26 China’s loan to Brazil’s Petrobras announced Friday is for $5 billion to $10 billion and can be paid in cash or oil at China’s request, and may help pay the bulk of the $12 billion in debt the state-run oil company must…
During a visit to Duluth Thursday afternoon, Rep. Erin Murphy, DFL-St. Paul, called on more employers to inform people of a federal Public Service Loan Forgiveness Program. Even though the program was launched in 2007, Murphy said many people are unaware that individuals who enroll in it and work in public service for 10 consecutive…
Rice Energy Inc. disclosed late Tuesday the terms of a previously announced $500 million equity investment, revealing that the institutional investment firm EIG Global Energy Partners (EIG) would provide $375 million up front for a stake in the company’s midstream assets in Ohio and Pennsylvania (see Shale Daily, Dec. 21, 2015). Now that the deal…