Moody's Investor Service is lowering its outlook on BC's 39 billion dollars worth of debt, from "stable" to "negative". Moody's says BC is taking a hit because of low natural gas prices. It goes on to say despite the challenging financial situation, BC has the needed flexibility to recover. CKNW Vancouver News … [Read more...]
Carl Icahn unloads his LightSquared debt, creditor talks trudge on
May 9, 2012 by
Carl Icahn is no stranger in this field -- he's been caught tussling with Motorola and bidding Yahoo's board adieu in recent years -- and most recently, he's managed to get caught up in one of the bigger wireless whirlwinds this planet has ever seen. Just months after Icahn swooped in to buy some $ 250 million in company debt at around 40 cents on … [Read more...]
Olympic village debt update
April 13, 2012 by
The city of Vancouver's debt on the construction of the Olympic Athletes Village has been whittled down another $ 12-million dollars since October. Taxpayers still owe $ 434-million dollars on the billion dollar loan ensuring construction of the False Creek complex in time for the 2010 games. A report going to city council Tuesday shows 80 per … [Read more...]
