Sage Credit Company Sees Great Opportunity in the Reverse Mortgage Market

23/04/2008 18:08:00 Business Wire Sage Credit Company (www.sagecreditcompany.com) sees tremendous opportunity in the reverse mortgage sector in the coming years.
Currently there are over 80 million Baby Boomers entering their retirement years.
Many of them are house rich but cash poor and the equity in their homes can provide them with a steady source of income without them having to give up their home, or sell it to finance their retirement years.
Reverse mortgages can provide funds for living expenses, remodeling, travel, medical bills and other needs.
That is why reverse mortgages have grown rapidly recently.
Of the 345,762 reverse loans issued by the FHA, nearly one-third were made in 2007 and 27% of those were in California, according to the AARP Public Policy Institute and HUD.


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LodgeNet Reports Results for First Quarter 2008

SIOUX FALLS, S.D., April 29 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET) today reported quarterly revenue of $139.8 million, an increase of $64.5 million or 85.7% over first quarter of 2007. The Company also reported a net loss of $(13.0) million or $(0.58) per share (basic and diluted) for the first quarter of 2008, which included $5.9 million of expenses for restructuring, integration (3), and amortization of acquired intangibles, all related to the 2007 acquisitions of On Command and StayOnline. Net loss for the first quarter of 2008, excluding restructuring and integration expenses and amortization of acquired intangible, was $(7.1) million or $(0.32) per share.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/AQTU120LOGO)

The following financial highlights are in thousands of dollars, except per-share data and average shares outstanding:

Three Months Ended March 31, 2008 2007 Total revenue $139,787 $75,285 Operating (loss) income (1,847) 6,117 Net loss (13,011) (28) Net loss per common share (1) $(0.58) $(0.00) Adjusted Operating Cash Flow (2) $34,551 $22,712 Average shares outstanding (basic) 22,606,699 19,040,156 Average shares outstanding (diluted) 22,606,699 19,040,156 (1) Based on the average shares outstanding for both basic and diluted.


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Media General shareholders elect 3 dissidents to board

Three nominees backed by a dissident investor group that has been pushing for changes at Media General Inc. have won seats on the nine-member board of the media company.

The newspaper publisher and television station operator had opposed the nominees but said Thursday that a preliminary count shows shareholders have elected them to its board at its annual meeting in suburban Richmond.

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College-bound face dilemma

For Molly Wexler-Romig, Bard College seemed the perfect match. The small liberal arts school in upstate New York has a great academic reputation and strong theater arts program - a must for the aspiring actress. When she first visited last fall, she relished the school's liberal, hippieish atmosphere. So when she received her acceptance letter earlier this month, the choice was obvious.

But now, where she goes to college will come down to dollars and cents, not merely good vibes or academic fit.

Because of the uncertainty surrounding the burgeoning student loan crisis, she may have to forgo the $50,000-a-year school for Trinity College in Hartford, a slightly more conventional school that offered her nearly twice as much financial assistance.

"Trinity is looking really good just because of the money," said the 18-year-old Framingham High School senior.


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Credit cards pose dangers, benefits

College students across the United States are familiar with credit card debt, and with the cost of higher education increasing, debt of any kind is not foreign to Texas Tech students, either.

However, much different from student loans taken out to cover expenses such as tuition, textbooks or housing, a growing number of students are using credit for luxury items.

Regardless of what credit is used to buy, Sergio Garcia, a coordinator for Red to Black at Tech, said he has seen many students using credit without credit card knowledge.

"Credit card companies are not always open about the details of the card," Garcia said. "Grace period, interest, potential fees, credit limit, just acknowledging the fact that you have to pay these things back - some people don't know that."

Merril Currier, branch manager of the Tech Federal Credit Union and recent Tech graduate, said she agrees credit cards are usually the best way to build credit.


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http://biz.yahoo.com/prnews/080422/cltu145.html?.v=36

Vancouver, BC, April 29, 2008--(T-Net)--Angiotech Pharmaceuticals (NASDAQ: ANPI, TSX: ANP), a global specialty pharmaceutical and medical device company, today announced its financial results for the first quarter ended March 31, 2008.

"Our various initiatives delivered results during the first quarter," said Dr. William Hunter, President and CEO of Angiotech. "Product sales grew across all of our business lines, our promoted brands had strong revenues across the board, sales for our Quill SRS product, which continues to generate excitement in the physician community, were in line with our expectations, and our 5-FU CVC product was approved by the FDA ahead of our expected timeline."

"We believe our first quarter financial results represent a turning point for Angiotech," said Thomas Bailey, Chief Financial Officer of Angiotech.


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Class Action Lawsuit Filed Against Mann Bracken and Creditors Interchange for Violations of Federal Law

A class action lawsuit was filed on behalf of clients of Hess Kennedy, the Campos Chartered Law Firm and the Consumer Law Center for violations of federal debt collection laws against Mann Bracken, LLC and Creditors Receivable Management, LLC. The lawsuit was filed in Federal Court in the Southern District of Florida under case number 08-cv-60529.

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