| Grandma overspends ...revolving debt
Dear Debt Adviser, My grandmother is 82. Her rent is increasing by $125 a month, but she is already tapped out on bills. The main culprit is her credit card debt. Currently, she spends $640 a month on credit card bills. She even uses credit cards for groceries. Are there programs for the elderly to help reduce this debt, or to lower monthly payments? Her credit card companies have told us that as long as she pays her bills, they cannot do anything to help her. She refuses to not pay them or to get behind on payments. Can you offer any assistance as we figure out what to do? -- Heather Dear Heather, My experience is that octogenarians are pretty set in their ways -- especially when it comes to listening to their grandkids.
Animal Health International, Inc. Announces Its First Quarter Fiscal Year 2008 Earnings
WESTLAKE, Texas, Nov. 6, 2007 (PRIME NEWSWIRE) -- Animal Health International, Inc. (NasdaqGS:AHII - News) announced today that net sales increased 12.8%, or $18.7 million, to $164.4 million for the three months ended September 30, 2007, from $145.7 million for the same quarter last year. Acquisitions accounted for $11.3 million or 60% of the increase in sales. Net income increased 13.3% to $1.0 million or $0.04 per fully diluted share. .
(AFX UK Focus) 2007-11-13 09:34 GMT: Red24 H1 pretax loss widens to 326,000 stg; proposes share consolidation UPDATE
(adds further details on H1 and financial strategy) LONDON (Thomson Financial) - Red24 PLC said its first-half pretax loss widened as higher revenues failed to offset increased operating costs in sales and support. Red24, which provides security risk management services, reported a pretax loss of 326,000 stg for the six months to Sept 30 from a pretax loss of 208,000 stg in the year earlier period. Revenues rose 12 pct to 1.425 mln stg from 1.34 mln last year. Operating losses in the period were 306,000 stg from 185,000 stg, while administrative expenses were 1.35 mln stg from 1.1 mln. Red24 said it continues to consider various options to achieve a solid financial base. It is looking at forming a partnership agreement or raising additional capital or a combination of the two.
Charges dropped against Arkansas' Smith
FAYETTEVILLE, Ark. (AP) -- Prosecutors have dropped forgery and theft charges against Arkansas running back Michael Lee Smith, who was accused of using a stolen credit card. A co-defendant provided a sworn affidavit that cleared Smith, Deputy Prosecutor Bill Jones said. "And I have nothing to dispute that and, therefore, am not going to file charges," he said. .
(AFX UK Focus) 2007-11-16 18:59 GMT: Moody's downgrades ratings on Vulcan Materials; outlook negative
SAN FRANCISCO (Thomson Financial) - Moody's Investors Service on Friday downgraded certain ratings on Vulcan Materials Co., including lowering its senior unsecured ratings to A3 from A1, and short-term ratings to Prime-2 from Prime-1. The outlook on the Birmingham, Ala.-based producer of construction aggregates is negative, Moody's said. The agency said the actions were prompted by Vulcan's acquisition of Jacksonville, Fla.-based Florida Rock Industries Inc. in a cash-and-stock deal valued at $4.2 billion. The downgrade reflects the level of debt being incurred to finance the acquisition of Florida Rock and the related contraction in coverage ratios, as well as the integration risk associated with combining Florida Rock into the larger organization, the agency noted. The outlook considers Moody's concerns that moderation in volumes and prices due to softening in economic conditions could reduce operating cash flow and contribute to a slower-than-anticipated debt repayment profile and improvement in metrics, the agency said.
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