Finance, Credit and Loan Information

July, 2016

Oi investor urges new board after record Brazil bankruptcy filing

SAO PAULO A minority investor in Oi SA (OIBR4.SA), Brazils largest fixed-line phone carrier, has called for the replacement of most of its board after the company filed for the countrys biggest-ever bankruptcy protection. Nelson Tanure, a Brazilian investor with a contentious track record, and partners have been buying up shares through a fund controlled […]

Jetoil: Another Greek Company Files for Bankruptcy

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code. The company dealing in storage, transport and trade of petroleum-based products in Greece and the Balkans was founded at the end of the Sixties by three brothers Kyriakos, George and Nick […]

Company Officials to Address JQH Hotel Bankruptcy Filing

SPRINGFIELD, Mo. — Company officials for a group of hotels owned by the John Q. Hammons trust have set up a news conference Monday morning, after filing for bankruptcy protection over the weekend. The Wall Street Journal reported Sunday the JQH Hotels filed Sunday in federal bankruptcy court in Kansas City, listing assets and debts […]

DiamondRock Hospitality (DRH) Completes Orlando Airport Marriott Sale; Sees Gain on Transaction

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. DiamondRock Hospitality Company (NYSE: DRH) announced that it recently completed the sale of the 485-room Orlando Airport Marriott Lakeside (the Hotel) for a total consideration of approximately $67 million, inclusive of the Hotels capital expenditure reserve account. The total consideration, adjusted to […]

Analysts Downgrade of the Day: Welltower Inc (NYSE:HCN)

Welltower Inc (NYSE:HCN) received a stock rating downgrade from Morgan Stanley on Jun-22-16. In a note to investors, the firm issued a Equal-Weight rating. The analysts previously had an Overweight rating on the stock. The 52-week price range is $52.18-$74.96 and the company has a market capitalization of $25.70 billion. Analysts covering the shares maintain […]

How to become financially fitter in 30 minutes

So, while once upon a time it was family and friends who threw in their two cents for free, now anyone with an Internet connection can reap the benefitsĀ of free tips from finance professionals. Here are our tips for shaping up, fast. Find any lost super An alarming amount of superannuation sits unclaimed in funds […]

Secured Vs. Unsecured Credit Cards

As you enter into the credit market for the first time, you may find the number of available credit card offers to be overwhelming. Some cards are secured while others are unsecured. What is the Difference between an Unsecured and a Secured Credit Card? A secured card simply means that the card is backed by […]

The Tricks to Getting Approved for Your First Credit Card

“New cardholders should focus on building a good credit history with their first card while avoiding taking on more credit than they can afford to repay, Bruce McClary, the vice president of communications for the National Foundation for Credit Counseling, said in an email. Staying financially responsible with your credit card can help you avoid […]

Fitch Affirms Murphy Oil at ‘BB+’; Outlook Revised to Negative

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed Murphy Oil Corporations (Murphy; NYSE: MUR) Long-Term Issuer Default Rating (IDR) and unsecured debt ratings at BB+. The Rating Outlook is revised to Negative from Stable. The Negative Outlook reflects Fitchs concerns about longer term liquidity and the possibility that the company may have to accept accommodative bank and capital […]

WEALTH MATTERS: Poor financial health can make you feel physically ill

Our financial health is closely linked to our mental and physical health, and research has shown stressing about finances may make you feel mentally and physically sick. Financial worries can also negatively impact relationships and damage our overall sense of wellbeing. A Canadian study found that in the last decade, economic instabilities have caused many […]

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