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) At Home: Debt consolidation loans can be shark-infested swim to solvency
To the person drowning in debt, a debt-consolidation loan looks a lot like a lifesaver. But reaching for it without knowing exactly what it's made of could be a serious mistake. The way it's supposed to work: You pay off all your small, high-interest consumer debts with the proceeds of a new low-interest loan whose payment is less than the total of the smaller payments. In theory, consolidation is a terrific solution for a burdensome debt situation. In reality, it can force you into even more treacherous waters. Basically, there are three ways to consolidate: 1. A new low-interest signature (unsecured) loan from an individual, bank or credit union. If you can get it, this type of debt consolidation is ideal. 2. Transferring all of the balances to a new credit card. More>> - (
) Exact to Acquire Longview Solutions
Delft, the Netherlands and Toronto, Canada - September 17, 2007 - Exact Software,
one of the world's leading providers of business software solutions and Longview
Solutions, a leading provider of Corporate Performance Management (CPM) software
solutions, today jointly announced the signing of an agreement for Exact to acquire
Longview.This strategic acquisition will strengthen Exact's business empowerment software portfolio by adding
Longview's powerful CPM platform, and will accelerate Exact's expansion into the higher end of the midmarket.
In turn, Longview will benefit from Exact's financial strength and geographic footprint as it
continues to deliver best-in-class CPM software and services to the enterprise market and further expands
into the mid-market. More>> - (
) T-Mobile Acquires SunCom
BELLEVUE, Wash. and BERWYN, Pa. -- T-Mobile USA, Inc. and SunCom Wireless Holdings, Inc. (NYSE:TPC - News) announced today that they have entered into a definitive merger agreement for the acquisition by T-Mobile USA of all of the outstanding shares of common stock of SunCom, for an aggregate of approximately $2.4 billion in cash and assumed debt. This includes cash payment of approximately $1.6 billion and $0.8 billion net debt. T-Mobile USA is a wholly owned subsidiary of Deutsche Telekom AG (NYSE:DT - News).The acquisition will further enhance T-Mobile's network coverage in the southeastern United States and the Caribbean through the complementary addition of SunCom's markets and customers in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico and the U.S. Virgin Islands. More>>
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) Invocas says it is well shielded from debt crisis
SHARES in Scottish debt solution provider Invocas bounced by 7% yesterday as the company reiterated that it was well shielded from the crisis affecting its English counterparts.Invocas shares had fallen by 26% in the previous week after Debtmatters warned that the cutting of the fees paid by banks to advisers to set up individual voluntary arrangements (IVAs) in England and Wales could sink its business model.
The Scottish group, which is listed on the Alternative Investment Market, has constantly sought to reassure investors that its strong market position in the Scottish equivalent of protected trust deeds, and its close relationships with banks, has shielded it from sector pressures.
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