Financial News

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Easier credit appealing mostly to big, midsize companies - Chicago Breaking Business - Tribune

Mon, 05/02/2011 - 18:16

Easier credit appealing mostly to big, midsize companies
Chicago Breaking Business - Tribune
"The most often cited reason for stronger demand noted by larger banks was greater demand for financing merger and acquisition activity," the Fed said. Banks, citing increased competition, eased standards on commercial and industrial loans. ...

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Fitch Rates Wellmont Health System, TN's 2011 Revs 'BBB+'; Outlook Stable - Bradenton Herald

Mon, 05/02/2011 - 17:32

Fitch Rates Wellmont Health System, TN's 2011 Revs 'BBB+'; Outlook Stable
Bradenton Herald
--$55000000 Virginia Small Business Financing Authority hospital revenue bonds, series 2007A. Proceeds from the 2011 fixed rate bonds will be used to refinance the series 2006A bonds. In March 2011, Wellmont put out a tender notice for the 2006A bonds, ...

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Banco Espirito Santo ECB Financing Increases as Loan Sales Lag - BusinessWeek

Mon, 05/02/2011 - 17:06

Banco Espirito Santo ECB Financing Increases as Loan Sales Lag
BusinessWeek
May 2 (Bloomberg) -- Banco Espirito Santo SA's financing from the European Central Bank increased in the first quarter as the Portuguese bank sold less than half the international loans it made available for sale. ...

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You're the Boss: A.R.C. Loans Gone But Hardly Forgotten - New York Times (blog)

Mon, 05/02/2011 - 16:47

Daily News Pulse

You're the Boss: A.R.C. Loans Gone But Hardly Forgotten
New York Times (blog)
The award, according to the nomination guidelines, recognizes “lenders that have used SBA loan programs to help the maximum number of small-business owners obtain financing that they need to grow their businesses.” Among the criteria for selection are ...
Small Business Loan Borrowing Opportunities–Are There More Financing Options ...Red, White, and Blue Press

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Applied Minerals Inc. Engages Dahlman Rose as Adviser for Financial and ... - Business Wire (press release)

Mon, 05/02/2011 - 14:04

Applied Minerals Inc. Engages Dahlman Rose as Adviser for Financial and ...
Business Wire (press release)
NEW YORK--(BUSINESS WIRE)--Applied Minerals, Inc., (“Applied Minerals”) (OTCBB:AMNL), a leading global producer of Halloysite Clay, is pleased to announce that the Company has engaged the investment banking firm, Dahlman Rose and Company, LLC (“Dahlman ...

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TD Bank Launches First-Ever Company-wide Small Business Outreach Campaign - PR Newswire (press release)

Mon, 05/02/2011 - 13:40

TD Bank Launches First-Ever Company-wide Small Business Outreach Campaign
PR Newswire (press release)
By providing conveniences such as extended banking hours and personalized service, TD Bank is a leading small business lender, offering both conventional financing and loans backed by the US Small Business Administration (SBA), with credit decisions ...

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Exploring al-Qaida as a business operation - Marketplace

Mon, 05/02/2011 - 13:30

CBC.ca

Exploring al-Qaida as a business operation
Marketplace
And you want to think of it as a business that's got lots and lots of self financing operations going on. Although obviously the headquarters operation needs its own stream of funding. HOBSON: So what happens to the fund raising effort for al-Qaida ...
FOREIGN AFFAIRS - Osama's Learning CurveNational Journal

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Lehman, Borders, Blockbuster, Innkeepers, Javo: Bankruptcy - BusinessWeek

Mon, 05/02/2011 - 12:55

Lehman, Borders, Blockbuster, Innkeepers, Javo: Bankruptcy
BusinessWeek
It filed under Chapter 11 on April 1, having already worked out an agreement for Whippoorwill to buy the business in exchange for $40 million in secured debt, including financing for the Chapter 11 case. The petition said assets are $86.4 million, ...

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MetLife Names Steven J. Goulart Chief Investment Officer - Insurance News Net (press release)

Mon, 05/02/2011 - 12:03

MetLife Names Steven J. Goulart Chief Investment Officer
Insurance News Net (press release)
Before joining Bear Stearns , he served as a managing director in the global insurance group of Morgan Stanley and in the financial institutions group at Merrill Lynch . Goulart received a BS in business administration from the University of Pacific ...

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Home Finance of America to Offer No Fee Mortgage Loans - San Francisco Chronicle (press release)

Mon, 05/02/2011 - 11:02

Home Finance of America to Offer No Fee Mortgage Loans
San Francisco Chronicle (press release)
Home Finance of America has an A rating with the Better Business Bureau. As such, you can be assured their customer service is the best in the mortgage business. Home Finance of America is headquartered just outside of Philadelphia, PA. ...

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DIFC hosts economics workshop on regulatory reform and the banking sector - AME Info

Mon, 05/02/2011 - 10:25

DIFC hosts economics workshop on regulatory reform and the banking sector
AME Info
DIFC, the financial and business gateway between the regional emerging markets and the world, held an economics workshop on regulatory reform and the banking sector. The event brought together financiers and business leaders to network, share knowledge ...
DIFC hosts economics workshop on regulatory reform and the banking sectorZawya (press release)

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Commerzbank gets Q1 tailwind for aid repayment - Baltimore Sun

Mon, 05/02/2011 - 10:15

stv.tv

Commerzbank gets Q1 tailwind for aid repayment
Baltimore Sun
Commerzbank, which unveiled headline results ahead of their official release data on May 6, said all business segments reported positive results. The lender specializes in financing Germany's legions of medium-sized companies, which have enjoyed ...
Commerzbank Q1 operating profit 1.1 billion euroReuters

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Exclusive: U.S. small business borrowing cools: PayNet - Reuters

Mon, 05/02/2011 - 10:07

Reuters

Exclusive: U.S. small business borrowing cools: PayNet
Reuters
The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to US small businesses, rose 12 percent in March from a year earlier, PayNet said. The index rose 17 percent in February. ...
Small-Business Borrowing SlowsWall Street Journal (blog)

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Dearth of financing holding back recovery of small businesses - Columbus Dispatch

Mon, 05/02/2011 - 09:54

Dearth of financing holding back recovery of small businesses
Columbus Dispatch
Since the financial crisis, the Obama administration has created a patchwork of programs aimed at helping existing small businesses and spurring new ones. Among them: numerous tax breaks, expanded Small Business Administration.loans, measures designed ...

Buy Shriram Transport target of Rs 878 Way2Wealth - Moneycontrol.com

Mon, 05/02/2011 - 08:36

Buy Shriram Transport target of Rs 878 Way2Wealth
Moneycontrol.com
The share of used CV financing stood at 75.5%, down from 76.1% last year & 76.5% in the previous quarter. STFC plans to increase the AUM of the construction equipment financing business to Rs 24 billion in FY12 from Rs 6 billion in FY11. ...
STFC eyes Rs 60 cr revenue in FY12 from new initiativesBusiness Standard

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Off-shore RMB business key support to Hong Kong's role as financial center - Xinhua

Mon, 05/02/2011 - 07:09

Off-shore RMB business key support to Hong Kong's role as financial center
Xinhua
It is widely believed that the off-shore renminbi business is the crucial point to support Hong Kong as a financial center in the future. The renminbi business was officially launched in Hong Kong in February 2004 to facilitate cross-boarder tourist ...

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Terex to Launch a Public Tender Offer for Demag Cranes AG - Business Wire (press release)

Mon, 05/02/2011 - 06:46

Terex to Launch a Public Tender Offer for Demag Cranes AG
Business Wire (press release)
Terex will be financing the total offer consideration of €884 million from its existing cash and an already committed debt financing. The tender offer will carry a minimum acceptance level condition of not less than 51 percent of all Demag shares ...

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Non-performing loans likely to rise - Zawya

Mon, 05/02/2011 - 05:43

ArabianBusiness.com

Non-performing loans likely to rise
Zawya
“However finance is available for the developer who is finalising their ongoing projects.” In his welcome address, Hamad Bu Amim, Director General of the Dubai ChamberDubai Chamber, said that a recent Dubai ChamberDubai Chamber Business Leaders Survey ...
Banks urged play key role in UAE real estate recoveryArabianBusiness.com

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Borders, Blixseth Home, Windstar, Javo, Joseph-Beth: Bankruptcy - BusinessWeek

Mon, 05/02/2011 - 04:16

Borders, Blixseth Home, Windstar, Javo, Joseph-Beth: Bankruptcy
BusinessWeek
It filed under Chapter 11 on April 1, having already worked out an agreement for Whippoorwill to buy the business in exchange for $40 million in secured debt, including financing for the Chapter 11 case. The petition said assets are $86.4 million, ...

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...Still on improving SMEs access to finance - BusinessDay

Mon, 05/02/2011 - 01:11

BusinessDay

...Still on improving SMEs access to finance
BusinessDay
Jane Nelson, in a document 'Building Linkages for Competitive and Responsible Entrepreneurship' facilitated by UNIDO and Mossavar-Rahmani Centre for Business and Government, John F. Kennedy School of Government, Harvard University, puts up an argument ...