BBC News

Olympic Park tower 'saddled with debt that will never be repaid'
BBC News
A slide built to rejuvenate London's Olympic Park is not attracting enough visitors and is "saddled with a debt that will never be repaid". The attraction, which was added to the Orbit Tower in June last year and has had 138,245 visitors, is £12.2m in ...

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The Boston Globe

AG Healey announces $1m settlement with debt collector
The Boston Globe
A debt collection law firm that allegedly used unfair and deceptive practices to collect debts from thousands of Massachusetts consumers will pay $1 million and change its practices under a court settlement, Attorney General Maura Healey announced ...
Debt collection agency agrees to pay consumers $1 millionMetroWest Daily News
AG: Massachusetts Debt Collector to Pay $1M in SettlementU.S. News & World Report
Massachusetts law firm to pay $1M over debt collection practicesAmerican Banker

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Washington Examiner

Mnuchin: No plans to prioritize federal payments if debt ceiling isn't raised
Washington Examiner
Treasury Secretary Steven Mnuchin called on Congress Thursday to lift the federal debt ceiling before leaving for August recess, adding that he has no plans for paying out only interest on the debt if the limit isn't raised. "I have no intent on ...
Mnuchin Says Prioritizing Debt Payments 'Doesn't Make Sense'Bloomberg
Mnuchin wants 'clean debt-ceiling' billThe Hill
Mnuchin Says He Has No Intent to Prioritize Payments if Debt Limit Isn't RaisedWall Street Journal (subscription)
Fox Business -QNS.com
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Reuters

At 'bare bones' Noble Group, staff exits and debt pose more risks
Reuters
SINGAPORE (Reuters) - Noble Group (NOBG.SI) is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion ...

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Salt Lake City station restructures major debt burden
Current
KCPW in Salt Lake City has reached an agreement to restructure $1.7 million in long-term debt assumed during a 2008 effort to keep the station on the air. The station, a community licensee that airs news, announced Tuesday that the debt and accrued ...



Washington Post

Trump administration is sitting on tens of thousands of student debt forgiveness claims
Washington Post
Not a single application for debt relief under a federal statute known as borrower defense to repayment has been approved in the past six months, leaving more than 65,000 people in limbo. Although the vast majority of those borrowers submitted claims ...

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Harvard Crimson

ART Institute to Shutter for 3 Years After 'Failing' Debt Grade
Harvard Crimson
The Department of Education estimated that A.R.T. Institute graduates earn, on average, around $36,000 per year—a debt-to-earnings ratio of 44 percent. Under federal guidelines, that ratio—the proportion of income that, after accounting for basic ...



BBC News

Darlington Council to write off £1.2m debt
BBC News
A council is to write off debts of more than £1.2m for the second year running. Darlington Borough Council said it was "simply not economical to pursue these debts any further". The 2016-17 debts include rent arrears, housing benefit overpayments and ...

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Nasdaq

Fiat Chrysler Automobiles: Profit Up 15%, Debt Still High
Motley Fool
Fiat Chrysler Automobiles (NYSE:FCAU) said its second-quarter operating profit rose 15% to 1.87 billion euros ($2.19 billion) on improved margins in North America and strong results for its luxury Maserati brand. But its still-high debt fell less than ...
Fiat Chrysler profit rises but debt levels disappointNasdaq

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Bloomberg

Could China Be Turning a Corner?
Bloomberg
Doomsayers have plenty to work with in China. The country's rapid buildup of debt -- reaching approximately 260 percent of GDP, from 160 percent less than a decade ago -- seems almost guaranteed to herald a financial crash or at least a major ...

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