debt in news
RSS debt in newsCarphone Warehouse plans broadband boost
News It said it will use the £1.1bn "to pay down debt, invest in broadband customer growth and infrastructure and invest in new areas of growth presented by the transaction". Mobile phone retailer Carphone Warehouse is to sell 50 per cent of its retail... [09 May 2008]
BT CEO Ben Verwaayen to step down
News I owe a particular debt of gratitude to the executive directors who have served alongside me on the Board. Verwaayen, who will also step down from the BT board on 30 June, will be succeeded as CEO by Ian Livingston. [08 Apr 2008]
HSBC vows to increase tech investment
News HSBC will continue to increase investment in technology despite its profits being hit by a $17.2bn writedown on bad debts from its US business. The writedown cast a shadow over the bank's 10 per cent increase in pre-tax profit for the last year to... [04 Mar 2008]
Carphone Warehouse in data protection breach
News Carphone Warehouse has been warned it could face prosecution for exposing the personal details of thousands of customers online and, in some cases, inadvertently setting debt collectors on them. Security from A to Z [16 Jan 2008]
Top 10 retail IT stories of the year
News It hasn't exactly been a bumper year for conventional retail - soaring debt, an increasingly depressed housing market and a weak dollar all contributed to less-than-record returns for many brands. In the face of all that economic gloom however... [19 Dec 2007]
iSoft's Oz takeover gets shareholder thumbs-up
News To help refinance some of iSoft's debt and for working capital expenses, AEP will commit a further AU$62m (£27m). Besides facing rising interest payments on its $93m debt, it was reported iSoft had been struggling to fulfil its contract to supply... [08 Oct 2007]
Nokia maps $8.1bn Navteq buy
News The Finnish company said it will spend $78 per share for Navteq, financed with cash and debt. Nokia has said it plans to buy digital-map supplier Navteq for $8.1bn in one of its largest acquisitions ever. [02 Oct 2007]
Privacy watchdog clamps down on DVLA data sharing
News The DVLA was criticised last year after revealing it made £6.3m from selling access to the names and addresses of motorists to private sector companies such as bailiffs, debt collection agencies and wheel clampers. [04 Sep 2007]
VMware IPO set to raise $740m
News Of that money, a lot will disappear rapidly: $127m will be spent purchasing VMware headquarters from EMC, and $350m will pay off debt to EMC for a dividend. VMware, the EMC subsidiary that brought virtualisation software to the mainstream, said it... [10 Jul 2007]
Google injects $3.9m into biotech start-up
News Prior to Google's investment, Brin had provided approximately $2.6m in interim debt financing to 23andMe. Google has invested $3.9m in 23andMe, a biotech start-up co-founded by the wife of Google co-founder Sergey Brin, according to a filing with... [23 May 2007]
Co-op Bank extends mortgage tech deal
News Under the deal, TE continues to provide 24-hour support for the bank's mortgage administration and debt collection, plus the implementation of the mortgage sales portal, which enables Co-op Bank customers to apply for mortgages online and is due... [27 Apr 2007]
Workers 'worse off' under private equity
News Speaking to silicon.com, a spokesman for the T&G union supported Hutton's sentiment: "We think there is a huge impact potentially on employee levels and pay terms, especially with leveraged buyouts, where a private equity firm increases the amount... [26 Mar 2007]
BT scores £325m extension with Liverpool Council
News LDL has cut the time taken for housing benefit claims to be processed from 143 days to 28 days, he said, and has also collected £70m of debt that was owed to the council. BT has scooped a contract extension with Liverpool City Council which is... [11 Jan 2007]
Students ditch booze queues with RFID pub tables
News And, with student debt not getting any smaller, if the cards are lost or stolen, credit can be frozen and retrieved by the out-of-pocket drinker. Sharp elbows. Long queues. Being ignored by the barman when you eventually get there. [20 Sep 2006]
Plastic for the people - cash ditched for cards
News Apacs said people are using debit cards rather than credit cards because they have become better at avoiding debt. People are spending more money with plastic cards than ever before, new research has revealed. [01 Aug 2006]
