My selection of industri news

Financial services organization Conseco Inc. recently publicized its desire for lenders’ approval to amend its senior secured credit facility amounting to $911.8 million. If the deal is agreed it would loosen up the financial requirements of the struggling insurance company. In exchange Conseco is willing to pay for a higher interest rate for the loans.
The organization previously announced that they wouldn’t be able to file their financial statements for 2008 with the Securities and Exchange Commission by the March 17 deadline. Conseco blamed “unprecedented market conditions” for their failure to meet the deadline. The company has been struggling financially ever since it declared bankruptcy in 2003 and the current global financial condition is not at all helping them out. However their recent actions are proof that there is still hope for the company as its stocks rose by 60 percent after the announcement.