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La. gov's $25B budget slammed on shaky financing - BusinessWeek

Sat, 03/12/2011 - 12:42

La. gov's $25B budget slammed on shaky financing
BusinessWeek
Lawmakers reviewing the budget for the first time Friday criticized the financing plans as shaky, questioned the level of one-time funding that would pay for ongoing expenses and worried that the state's free college scholarship, called TOPS, ...

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Contractors learn about clean energy program - The Desert Sun

Sat, 03/12/2011 - 09:18

Contractors learn about clean energy program
The Desert Sun
More than a dozen contractors and clean-tech business professionals turned out this week for a kickoff meeting for Palm Springs' long-awaited property-assessed clean energy (PACE) financing program. Representatives from Public Finance Solutions ...

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SEC Notifies Fannie Mae Ex-CEO Mudd He May Face Civil Claims - BusinessWeek

Sat, 03/12/2011 - 05:55

SEC Notifies Fannie Mae Ex-CEO Mudd He May Face Civil Claims
BusinessWeek
Congress and the Obama administration are examining plans for winding down the firms and building a new system for financing housing debt. Mudd, 52, took over from Franklin Raines as CEO of Fannie Mae in 2004, four years after he had joined the company ...

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Retail center announced for Burleigh Triangle in Wauwatosa - Milwaukee Journal Sentinel

Sat, 03/12/2011 - 05:38

Retail center announced for Burleigh Triangle in Wauwatosa
Milwaukee Journal Sentinel
City officials and HSA Commercial representatives have discussed the possibility of city financing to help with the site's redevelopment, said Nancy Welch, community development director. No specific financing plan has been proposed, she said. ...

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Factor in all your costs before dumping that gas guzzler - Dallas Morning News

Sat, 03/12/2011 - 04:26

Dallas Morning News

Factor in all your costs before dumping that gas guzzler
Dallas Morning News
“In most cases, you will not save enough money in gasoline to justify going upside down on your new car,” said Thomas E. Murphy, certified financial planner and Sylvest's business partner. Additionally, while most people view hybrids as the ultimate in ...

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EPCOR Announces 2010 Financial Results - istockAnalyst.com (press release)

Sat, 03/12/2011 - 04:03

EPCOR Announces 2010 Financial Results
istockAnalyst.com (press release)
Subject to acceptable business risk and the availability of financing, EPCOR intends to increase net income and shareholder value by growing its portfolio of electricity and water assets in both rate-regulated and competitive businesses. ...
EPCOR 2010 net income rises to $133; revenue down $881 million after asset saleWinnipeg Free Press

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Housing crisis as home loans slump to new low - Independent

Sat, 03/12/2011 - 00:01

Housing crisis as home loans slump to new low
Independent
Britain's housing market is on the verge of another precipitous lurch downwards, data published yesterday suggests, with mortgage lending now at its lowest level since the height of the financial crisis in the final ...

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Energy Conversion Devices stock tumbles - BusinessWeek

Fri, 03/11/2011 - 22:33

The Business Insider

Energy Conversion Devices stock tumbles
BusinessWeek
THE SPARK: The Rochester Hills, Mich., company said Thursday that a "dramatic and abrupt shift" in French and Italian solar incentive structures affected its business. CEO Mark Morelli said uncertainty has caused financing sources to put projects on ...
Energy Conversion Devices To Slash Production As France, Italy Chop Solar ...Forbes (blog)
Solar CEO: Italy Risk Has ImpactTheStreet.com

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CorMedix Reports Year End 2010 Financial Results - Business Wire (press release)

Fri, 03/11/2011 - 21:39

CorMedix Reports Year End 2010 Financial Results
Business Wire (press release)
... NJ--(BUSINESS WIRE)--CorMedix Inc. (“CorMedix”) (NYSE Amex: CRMD), a pharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of cardiorenal disease, today announced its financial ...

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Blackstone Said to Make $260 Million on Ashford's Hotel Takeover - BusinessWeek

Fri, 03/11/2011 - 20:12

Blackstone Said to Make $260 Million on Ashford's Hotel Takeover
BusinessWeek
Senior lenders are providing $530 million of three-year financing with two one-year extensions on 25 of the hotels, Ashford said. The venture assumed first mortgages of $146 million on three hotels. Those loans mature in about two years. ...

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PNNL Chief Financial Officer named 2011 CFO of the Year - R & D Magazine

Fri, 03/11/2011 - 20:05

R & D Magazine

PNNL Chief Financial Officer named 2011 CFO of the Year
R & D Magazine
Under his leadership, PNNL experienced a 45-percent growth in business revenues to more than $1 billion annually. He also spearheaded development of a successful financing plan for two private facilities and execution of an affordability plan for seven ...

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Energy Conversion device stock tumbles after company reconsiders financial outlook - CanadianBusiness.com

Fri, 03/11/2011 - 17:25

Energy Conversion device stock tumbles after company reconsiders financial outlook
CanadianBusiness.com
THE SPARK: The Rochester Hills, Mich., company said Thursday that a "dramatic and abrupt shift" in French and Italian solar incentive structures affected its business. CEO Mark Morelli said uncertainty has caused financing sources to put projects on ...

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IStar Boosts Rate on Loan as Advantage Sales, Swift Cancel Deals - BusinessWeek

Fri, 03/11/2011 - 15:03

IStar Boosts Rate on Loan as Advantage Sales, Swift Cancel Deals
BusinessWeek
IStar Financial, the commercial real-estate financing company that is extending debt maturities to avoid restructuring, increased the rate on a $1.5 billion portion of its credit facility due June 2014, according to two people with knowledge of the ...

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Crystal Financial Agents $45000000 Loan for Wheels Financial Group, Inc. - Business Wire (press release)

Fri, 03/11/2011 - 13:31

Crystal Financial Agents $45000000 Loan for Wheels Financial Group, Inc.
Business Wire (press release)
BOSTON--(BUSINESS WIRE)--Crystal Financial LLC today announced that it has agented a $45000000 revolving loan to Wheels Financial Group, Inc., dba 1-800-LoanMart (“Wheels Financial Group”), a leading provider of consumer finance loans headquartered in ...

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7 Mass. firms raise $37.9M - Bizjournals.com

Fri, 03/11/2011 - 13:24

7 Mass. firms raise $37.9M
Bizjournals.com
Seven Massachusetts technology firms reported taking in $37.9 million in new financing this week, representing the business-to-business Internet, health care, drug development, medical device and wellness sectors. The largest fundraiser was ...

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Response Biomedical Corporation Announces 2010 Financial Results - Montreal Gazette

Fri, 03/11/2011 - 13:05

Response Biomedical Corporation Announces 2010 Financial Results
Montreal Gazette
Forward-looking statements or information may involve, but are not limited to, comments with respect to our planned activities, business plan and strategies and their future implementation, and our expectations for our financial condition and the ...

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Maker of 'Angry Birds' raises $42M in financing - BusinessWeek

Fri, 03/11/2011 - 12:43

Reuters

Maker of 'Angry Birds' raises $42M in financing
BusinessWeek
Rovio, the creator of the wildly popular "Angry Birds" games for the iPhone, Android phones and other gadgets, said Thursday it has raised $42 million from investors including the venture capital firm Accel Partners. Accel is known for funding such ...
Angry Birds and Its New Nest EggNew York Times (blog)
Rovio Mobile Raises $42 Million In FinancingGeeky gadgets
Maker of 'Angry Birds' raises $42M in financingForbes

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Deere to double size of Russian factory - BusinessWeek

Fri, 03/11/2011 - 12:42

Deere to double size of Russian factory
BusinessWeek
The leasing company will be set up through Deere's financial services division, adding to financing offered by local banks and leasing companies, Deere said. "Russia can make a significant and sustainable contribution to help meet the world's growing ...
Deere to increase production, interests in RussiaMachineFinder

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Ashford joint venture buys $1.28B hotel portfolio - BusinessWeek

Fri, 03/11/2011 - 12:42

Ashford joint venture buys $1.28B hotel portfolio
BusinessWeek
Under the terms of the deal, the existing senior lenders agreed to provide $530 million of first mortgage, 3-year financing with two 1-year extension options on 25 of the hotels. The joint venture, meanwhile, will assume first mortgage financing of ...

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BioDelivery Sciences Announces Business Update Call Following Pricing of $15 ... - PR Newswire (press release)

Fri, 03/11/2011 - 11:31

BioDelivery Sciences Announces Business Update Call Following Pricing of $15 ...
PR Newswire (press release)
The financing is expected to close today. Under the terms of a securities purchase agreement entered into with the investors, BDSI will sell an aggregate of 4807693 shares of its common stock at a price equal to $3.12 per share, representing a 10% ...

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