All eyes on Twitter as Musk era opens
Elon Musk began Friday his first full day leading Twitter, with critics and fans anxious to see how the world's richest man will run one of the most prominent social media platforms.
Oct 28, 2022
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Page 2 - News tagged with loans
Business
Loans, investments and piles of his own cash: How Musk financed Twitter takeover
In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others.
Oct 28, 2022
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Chip makers offer big investments as they jockey for federal aid
The world's top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.
Oct 26, 2022
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Can Twitter become more profitable under Elon Musk?
Since going public in 2013, Twitter has only occasionally turned a profit, even if it has a commanding role in politics and culture worldwide.
Apr 26, 2022
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Business
Canada provides Transat airline with loans up to Can$700 million
The Canadian government has provided Transat with up to Can$700 million (US$570 million) in loans to keep the nation's third-largest carrier flying after a precipitous drop in air travel during the coronavirus pandemic.
Apr 29, 2021
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Norwegian Air to get government loan in restructuring
Norway's government said Friday it will give low-cost carrier Norwegian Air Shuttle a 1.5 billion kroner ($173 million) loan as long as the ailing company manages to raise at least 4.5 billion kroner ($520 million) from other ...
Jan 29, 2021
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Restructuring Norwegian Air to get government support
Norway's government said Thursday it will help ailing low-cost carrier Norwegian Air Shuttle - a U-turn from its previous refusal to do so - as long as the company manages to raise 4.5 billion kroner ($529 million) from other ...
Jan 21, 2021
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Business
Norwegian Air to end long-haul flights, focus on Europe
Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.
Jan 14, 2021
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Low-cost Norwegian Air Shuttle files for bankruptcy protection
Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a ...
Nov 18, 2020
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American Airlines will drop flights to 15 cities in October
American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.
Aug 20, 2020
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Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.
The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
This text uses material from Wikipedia, licensed under CC BY-SA
