Legacy Reserves LP Announces Fourth Quarter and Annual 2014 Results, 2015 …

February 27th, 2015 by Admin

Legacy Reserves LP Announces Fourth Quarter and Annual 2014 Results, 2015 Guidance and New Chief Operating Officer

February 25, 2015: 04:53 PM ET

MIDLAND, Texas, Feb. 25, 2015 (GLOBE NEWSWIRE) — Legacy Reserves LP (“Legacy”) (Nasdaq:LGCY) today announced fourth quarter and annual results for 2014 as well as financial guidance for 2015. Financial results contained herein are preliminary and subject to the audited financial statements included in Legacy’s Form 10-K to be filed on or about February 27, 2015.

A summary of selected financial information follows. For consolidated financial statements, please see accompanying tables.

 

Three...

7 Ways Fort Lauderdale Residents Can Rebuild Their Credit With PriorityONE …

February 27th, 2015 by Admin

Rebuilding poor credit can seem like a never-ending struggle. To help Fort Lauderdale, Fla., residents improve their credit scores or rebuild their credit histories for the new year, PriorityONE Credit Union of Florida has the Visa Platinum Secured Credit Card. Spending with a secured card is a simple way to establish new credit and repair damaged credit while spending responsibly.

Improve Your Credit Score in 2015

A few forgotten payments, a family emergency or claiming bankruptcy can quickly hurt a credit score, but improving a credit score can take much longer. In addition, victims of identity theft can be plagued for years as they attempt to repair their good names....

Best Debt Settlement Awards Announced by 10 Best Debt

February 27th, 2015 by Admin

Clinton Township, Michigan (PRWEB) February 23, 2015

10 Best Debt is an organization that creates awards for some of the best firms in the industry, with categories including Best Overall Company, Best Company for Bankruptcy, Best Debt Management, Best Negotiation, and Best Debt Settlement. Recently, the company announced some of the best companies working in the debt settlement industry.

As a company, 10 Best Debt is dedicated to providing valuable information to those in need of debt relief and debt consolidation. 10 Best Debt does not actually provide debt management services, but its panel of experts is committed to helping individuals with financial and credit...

Rosetta Resources – Pulls Back On Reins To Run Another Day – A Pre Call Note …

February 27th, 2015 by Admin

Rosetta Resources (NASDAQ:ROSE) Reports 4Q14 Miss but that wont be the focus; Announces cash flow neutral program with down production in 2015 and flat production in 2016

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The 4Q14 Numbers: Volumes were in the middle of guidance and slightly below Street expectations. Revenues were weaker than the Street expected but oil and natural gas pricing was solid pre hedge with NGLs a bit softer than expected at $19 per barrel pre hedge. LOE remains quite low as does cash Gamp;A but we doubt much attention will be paid to the quarterly results in light of the new guidance outlined below.

Guidance:

  • 2015 budget: Capex cut by 71% relative to 2014 levels...

People divided on the Central Bank’s mortgage deposit rules

February 27th, 2015 by Admin

The people are divided over the Central Banks tough new mortgage deposit rules. A small majority, 33pc, see the clampdown, designed to stop a property bubble and foster more responsible borrowing, as a positive development.

Wolverhampton City Council cash crisis: Bosses defend decision over loan …

February 27th, 2015 by Admin

The city council has seen its five-year savings target rise from £123 million to £134m in the wake of government funding cuts and increasing case loads of looked after children.

Opposition Tories have accused the Labour run administration of saddling future generations with more debt by restructuring interest payments.

Labour says it will not. Nor does it accept that it would leave less room for future council leaders to borrow because they will be servicing the debt at a higher rate than the current administration.

The move is expected to save £8m over the next few years. And had it been in place since 2008, the council says it would currently have £37m more in its coffers,...

Fifth Street Finance Corp. Gets Slapped With a Downgrade From Fitch

February 27th, 2015 by Admin

The biggest difference in the world of non-bank lenders is credit availability — the ability to borrow money at attractive interest rates. The lower a firms borrowing costs, the fatter the spread between its cost of funds and yields on its investments.

Fifth Street Finance (NASDAQ: FSC) took a step backward on Monday, getting a downgrade from Fitch (from BBB- to BB+), a move from investment grade to junk. 

Ratings cuts dont come without explanation. In a press release, Fitch highlighted concerns about Fifth Street Finances use of leverage, its hidden equity exposures, and the companys lack of a responsible dividend policy.

On above-average portfolio leverage
Fifth...

CFPB: Bring on more free scores

February 26th, 2015 by Admin

As public awareness grows and spreads, people also will likely want to learn more about how to improve their credit scores and build their credit profiles in ways that will make them better managers of their financial affairs and more attractive candidates for credit, said CFPB Director Richard Cordray in prepared remarks.

On the case

The CFPB launched its credit score initiative back in early 2014, encouraging credit card companies to disclose credit scores to consumers for free.

Since then, many issuers, including Wells Fargo, Citi, Capital One, JPMorgan Chase and Bank of America moved to join Discover, Barclaycard and First National Bank of Omaha in making this information...

Alder Completes Shares for Debt Settlement

February 26th, 2015 by Admin

TORONTO, ONTARIO–(Marketwired – Feb. 25, 2015) – Alder Resources Ltd. (Alder or the Company) (TSX VENTURE:ALR) has completed the share for debt settlement with a former officer of the Company that was previously announced in the press release dated February 13, 2015. The Company issued 993,740 common shares of Alder (the Common Shares) at a deemed price of $0.05 per Common Share as part of the debt settlement. The shares for debt settlement represents the full and final satisfaction of $49,687 owing to the former officer for outstanding management and consulting fees.

The Common Shares remain subject to a statutory hold period of four months and one day and final...

Valeant Pharma (VRX) Placed on CrditWatch Positive by S&P Amid Planned …

February 26th, 2015 by Admin

Standard Poors Ratings Services today placed its BB rating on Valeant Pharmaceuticals International Inc.s (NYSE: VRX) senior secured debt on CreditWatch with positive implications. We expect to revise the recovery rating to 1 from 2 and to raise the issue-level rating to BB+, from BB when this transaction is consummated.

At the same time, we affirmed our BB- corporate credit rating on the company. The outlook is stable.

This transaction is consistent with our expectations for Valeant to intermittently increase leverage above 5x, as part of its aggressive acquisition-driven growth strategy, said Standard Poors credit analyst David Kaplan.

The increase in scale from the planned...