Company Description
MFN Financial Corporation (formerly Mercury Finance Company) is a consumer finance company which acquires individual installment sales finance contracts from automobile dealers, retail vendors, extending short term installment loans to customers and selling credit insurance and other related products. The company had filed for bankruptcy under chapter 11 proceedings in July 1998 and emerged from such proceedings on 23rd March 1999. Interest income accounted for 92% of 1999 revenues; insurance premiums, 5%; commissions, fees & other, 2% and credit card and other, 1%.
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Breaking News
Reuters - November 20, 2009 11:33 AM
K.R. Kent, Ford Motor Credit Company vice chairman and chief financial officer, will deliver a presentation at the Bank of America Merrill Lynch 2009 Credit Conference in New York. The presentation will begin around 11:30 a.m. EST and will last for ...
Forbes.com - November 10, 2009 7:36 AM
BusinessWire - ActaCell, an innovator in next generation high power lithium ion batteries, is proud to announce it was selected by the state of Texas, through the Austin Chamber of Commerce and the Central Texas Regional Center of Innovation and ...
Reuters - November 03, 2009 9:41 AM
* Ford, Lincoln, Mercury sales rise 2.6 percent * Volvo sales up 19.4 pct to 4,437 vehicles DETROIT, Nov 3 (Reuters) - Ford Motor Co (F.N) said on Tuesday that its U.S. sales rose 3.1 percent in October from a year earlier among all of its brands, ...
CNBC - November 01, 2009 12:22 PM
DETROIT - Ford Motor Co. has been riding a wave of positive public sentiment since it steered clear of bankruptcy protection and avoided taking federal bailout money ” unlike its crosstown rivals, General Motors Co. and Chrysler LLC. Worldwide market ...
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