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SPX reaches .7B debt-reduction goal (BizJournals)
SPX Corp. has met its total debt reduction target for the year of .7 billion.

Junk Bond Market in Europe Chokes on Worst Sales Since 2003 (Bloomberg.com)
May 23 (Bloomberg) -- Cell C Ltd. and Blagden Packaging Group NV are among European companies holding off on selling junk bonds as high-yield, high-risk debt issuance heads for the fewest offerings since September 2003.

SPX trims debt load by .7 billion (Rochester Business Journal)
SPX Corp. said Friday it has reduced its debt this year by .7 billion. The Charlotte, N.C., company repaid 0 million of outstanding term loans under its credit facility during the first quarter and completed cash tender offers for 8.2 million of the principal amount of its senior notes.

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More debt reduction strategy News Feeds:

‘Get Serious’ On Best Practices for Overdraft Programs, Legal Expert Tells C.U. and Banking Executives
Oliver Ireland, a partner in the Financial Services Practice Group of Morrison & Foerster, a Washington, DC law firm, tells bankers and credit union executives attending the annual Floyd Forum --in Austin, TX this year -- to protect themselves from accountholder complaints and consumer abuses by adopting and adhering to the federal Interagency Guidance on "Best Practices" for well-managed and compliant overdraft privilege (bounce protection, courtesy pay) programs. Ireland is former Associate General Counsel of the Board of Governors of the Federal Reserve System. [PRWEB May 26, 2005]

Hedge and Pension Funds Increase Exposure to Derivative Products
As more conservative funds are investing in derivative products, many are concerned about increase risk of a market meltdown. Yet when used correctly, credit derivatives are an effective risk management tool. [PRWEB May 26, 2005]

Verification Bureau Shares Compliments from Clients on Fraud Prevention Solutions
Clients speak out on innovative tools brought by Verification Bureau, which have propelled the company to the status of an industry leader in mortgage fraud prevention solutions. [PRWEB May 26, 2005]

“Investing & Online Trading: Why Most Online Investors Go Broke Trying to Make a Profit, While the 'Smart Money' Appears to Do It So Easily”
Most people are attracted to the idea of being in control of their financial future, but confused about how to start investing in the stock or share market, while avoiding costly mistakes. The surprising facts are that very few online investors actually make money long term. The aim of the new Investing Online Newsletter © is to help people from all walks of life develop into the best online investor or trader that they can become and to generate the returns from your investments that you deserve. [PRWEB May 26, 2005]