A flashy Ashburn businessman accused of using nonexistent life insurance policies to get millions of dollars in fraudulent bank loans has been arrested in Texas, authorities said. The rest is here: Ashburn man arrested in Texas, accused of fraudulent loans (Washington Post)

Feb. 18 (Bloomberg) — Parex Banka AS , taken over by the Latvian government in 2008, will begin talks for new loans when Chief Executive Officer Nils Melngailis will meet with bankers in London next week. Excerpt from: Latvia’s Parex Seeks New Loans in London After State Rescue (Bloomberg)

Feb. 18 (Bloomberg) — Ghana’s central bank will probably cut its benchmark interest rate tomorrow to ease pressure on borrowers who have defaulted on more than one in 10 loans in the West African country. Here is the original post: Ghana’s Central Bank to Reduce Interest Rates as Bad Loans Jump (Bloomberg)

A new entertainment powerhouse is getting ready to take the world by storm. Good Fight Entertainment, founded by industry veterans Paul Conroy and Carl Severson, have launched a new management company with a music and sports division, along with a new record label, Good Fight Music. Read the original here: New Powerhouse Entertainment Conglomerate, Good Fight Entertainment, Launches in 2010 (PRWeb...

MI Developments Inc. today announced that Magna Entertainment Corp. has filed a Plan of Reorganization, jointly proposed with MID and the Official Committee of Unsecured Creditors of MEC , together with a Disclosure Statement, with the U.S. Read more here: MI Developments announces filing of Plan of Reorganization by Magna Entertainment (CNW Group via Yahoo! Finance)

HP today introduced a records management solution that enables customers to significantly reduce the business risks associated with the growing regulatory compliance and legal discovery demands. See the article here: HP Helps Organizations Reduce Business Risk with Transparent Records Management (Thaipr.net)