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  • Saturday, September 17, 2005

    Auto industrial site receives megasite certification (BizJournals) West Tennessee has


    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Tax tussle: banks vs. credit unions (Springfield Business Journal)
    There are differences between not-for-profit credit unions and commercial banks. The differences just aren t many.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    A look at what it will take for New Orleans to get back on its feet (Knight Ridder via Yahoo! News)
    NEW ORLEANS - The first residents can return Monday to this city of music and Mardi Gras, but they'll come home to massive problems.

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    posted by Charlie Cory at 11:01 PM  

    Getting Back on Track (With a Few Derailments) (New York


    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    A look at what it will take for New Orleans to get back on its feet (Knight Ridder via Yahoo! News)
    NEW ORLEANS - The first residents can return Monday to this city of music and Mardi Gras, but they'll come home to massive problems.

    Tax tussle: banks vs. credit unions (Springfield Business Journal)
    There are differences between not-for-profit credit unions and commercial banks. The differences just aren t many.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    posted by Charlie Cory at 9:00 PM  

    Wachovia Plans to Buy Auto Lender (New York Times) Moving


    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    A look at what it will take for New Orleans to get back on its feet (Knight Ridder via Yahoo! News)
    NEW ORLEANS - The first residents can return Monday to this city of music and Mardi Gras, but they'll come home to massive problems.

    posted by Charlie Cory at 7:01 PM  

    A look at what it will take for New Orleans


    A look at what it will take for New Orleans to get back on its feet (Knight Ridder via Yahoo! News)
    NEW ORLEANS - The first residents can return Monday to this city of music and Mardi Gras, but they'll come home to massive problems.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    posted by Charlie Cory at 5:00 PM  

    Lenders Take Dim View of Auto Industry, with Nearly 90


    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    posted by Charlie Cory at 3:01 PM  

    Auto industrial site receives megasite certification (BizJournals) West Tennessee has


    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    posted by Charlie Cory at 1:00 PM  

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt


    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    posted by Charlie Cory at 11:01 AM  

    GMAC files shelf for $12.7 bln in notes (Reuters via


    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    posted by Charlie Cory at 9:00 AM  

    GMAC files shelf for $12.7 bln in notes (Reuters via


    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    posted by Charlie Cory at 7:00 AM  

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt


    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Getting Back on Track (With a Few Derailments) (New York Times)
    LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.

    posted by Charlie Cory at 5:00 AM  

    Wachovia Plans to Buy Auto Lender (New York Times) Moving


    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    posted by Charlie Cory at 3:01 AM  

    Our Readers Speak (Montana Standard) program administered by the SBA,


    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
    LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

    Deal announced to cut loan payments by Dan Nelson Auto customers (AberdeenNews.com)
    PIERRE, S.D. - Attorney General Larry Long said Wednesday he has reached an agreement with a financing company that will cut loan repayments by more than $1 million for 369 South Dakota customers who had bought vehicles from a failed car dealership.

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    posted by Charlie Cory at 1:00 AM  

    Friday, September 16, 2005

    Our Readers Speak (Montana Standard) program administered by the SBA,


    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    posted by Charlie Cory at 11:01 PM  

    Investor Ross keen on Collins & Aikman US units (Reuters


    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (Business Wire via Yahoo! Finance)
    Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt program for OAO Severstal-auto .

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    posted by Charlie Cory at 9:00 PM  

    Lenders Take Dim View of Auto Industry, with Nearly 90


    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    Deal announced to cut loan payments by Dan Nelson Auto customers (AberdeenNews.com)
    PIERRE, S.D. - Attorney General Larry Long said Wednesday he has reached an agreement with a financing company that will cut loan repayments by more than $1 million for 369 South Dakota customers who had bought vehicles from a failed car dealership.

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (Business Wire via Yahoo! Finance)
    Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt program for OAO Severstal-auto .

    posted by Charlie Cory at 7:00 PM  

    Deutsche Bank Announces the Establishment of a Global Depositary Receipt


    Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (Business Wire via Yahoo! Finance)
    Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt program for OAO Severstal-auto .

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Deal announced to cut loan payments by Dan Nelson Auto customers (AberdeenNews.com)
    PIERRE, S.D. - Attorney General Larry Long said Wednesday he has reached an agreement with a financing company that will cut loan repayments by more than $1 million for 369 South Dakota customers who had bought vehicles from a failed car dealership.

    Our Readers Speak (Montana Standard)
    program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    posted by Charlie Cory at 5:00 PM  

    Deal announced to cut loan payments by Dan Nelson Auto


    Deal announced to cut loan payments by Dan Nelson Auto customers (AberdeenNews.com)
    PIERRE, S.D. - Attorney General Larry Long said Wednesday he has reached an agreement with a financing company that will cut loan repayments by more than $1 million for 369 South Dakota customers who had bought vehicles from a failed car dealership.

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
    General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
    (Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    posted by Charlie Cory at 3:00 PM  

    Wachovia to buy two auto lenders (Reuters via Yahoo! News)


    Wachovia to buy two auto lenders (Reuters via Yahoo! News)
    Wachovia Corp. on Monday said it would buy Westcorp Inc. and WFS Financial Inc. for nearly $4 billion in stock to expand its auto lending business.

    Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
    One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

    posted by Charlie Cory at 11:00 AM  

    Wachovia revs up deal for auto-loan business (San Jose Mercury


    Wachovia revs up deal for auto-loan business (San Jose Mercury News)
    Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

    Wachovia Plans to Buy Auto Lender (New York Times)
    Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

    Auto industrial site receives megasite certification (BizJournals)
    West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

    Wachovia's Turbocharged Purchase (Motley Fool via Yahoo! Finance)
    Wachovia gets deeper into auto loans by buying Westcorp's loan portfolio -- and its shares, too.

    Investor Wilbur Ross keen on Collins & Aikman U.S. ops (Reuters via Yahoo! Asia News)
    NEW YORK, Sept 15 (Reuters) - U.S. investor Wilbur Ross, known for buying ailing companies and turning them around, expressed an interest on Thursday in bankrupt auto parts supplier Collins & Aikman Corp.'s U.S. units.

    posted by Charlie Cory at 7:37 AM  

    Thursday, September 15, 2005

    Auto Loans News

    If you want to find out what's going on, Auto Loans News will keep you abreast of activities in the car loan field.

    posted by Charlie Cory at 6:37 PM  

    About Me

    Name:Charlie Cory
    Location:Bristol, South Gloucester, United Kingdom

    I am married to my darling Scheela and have 3 beautiful children. I was fortunate enough to be laid off 4 years ago. This enabled me to work from home, and I now make my living from my dining room. I was also able to see my youngest take her first steps. How many working parents are lucky enough to do that!

    View my complete profile

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