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Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
Collapsing sales put future of iconic car giant GM in the balance (Scotsman)
WHAT THE PAPERS SAID GENERAL Motors will this week reveal that sales collapsed in October, taking its US market share to a 25-year low and fuelling fresh fears that the world's largest car maker is heading towards bankruptcy.
Tax reforms to stall car allowance abuse (Independent Online)
In less than five months, finance minister Trevor Manuel will introduce changes to turn the screws on a popular tax loophole and further reduce the attractiveness of remuneration packages.
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Perfect Storm Brewing Trouble for Homeowners, According to HomeSavers USA
If the American Dream, is owning a home of your own, then the American nightmare might be losing it to foreclosure. And according to one expert, more families may be heading in that direction. [PRWEB Oct 30, 2005]
Hardships are the Real Reason Households have Credit Card Debt: New Bankruptcy Law Unfairly Targets Consumers who Need Credit Cards to Survive
DTS Financial is working to educate the public about how hardships add to the credit card debt they already have. The new Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has sweeping implications in regards to consumers who are right at the edge of what they can afford to pay. [PRWEB Oct 30, 2005]
Perfect Storm Brewing Trouble for Homeowners, according to HomeSavers USA
[PRWEB Oct 30, 2005]
Relaxed Mortgage Guidelines Open Door For Home Buyers with Past Credit Problems
Lending guidelines have relaxed considerably over the last couple of years to the point where it’s now easier to qualify for a loan than ever before. Even having a Chapter seven or Chapter 13 bankruptcy is no longer the deal breaker it once was. [PRWEB Oct 29, 2005]
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