National News

Anchor Funding Services, Inc. Reports its First Profitable Year From ... - MSN Money

Financial News - Mon, 04/04/2011 - 12:08

Anchor Funding Services, Inc. Reports its First Profitable Year From ...
MSN Money
As previously reported, Anchor continues to benefit from tight credit conditions impacting small business lending. Banks face continued pressure to exit troubled loans and rebuild their balance sheets. As a result, meeting stringent lending criteria ...

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Sbarro Reaches Agreement on Pre-Negotiated Reorganization Plan with ... - EON: Enhanced Online News (press release)

Financial News - Mon, 04/04/2011 - 11:43

Sbarro Reaches Agreement on Pre-Negotiated Reorganization Plan with ...
EON: Enhanced Online News (press release)
The Company will use Chapter 11 to reorganize its debts, and ensure its long-term financial health, while continuing to operate in the normal course of business without interruption during the restructuring process. In conjunction with the filing, ...
Sbarro filing for Ch. 11 bankruptcy protectionForbes

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ARAMARK Announces Proposed Financing - Business Wire (press release)

Financial News - Mon, 04/04/2011 - 11:42

ARAMARK Announces Proposed Financing
Business Wire (press release)
PHILADELPHIA--(BUSINESS WIRE)--ARAMARK Corporation, ("ARAMARK" or the "Company") announced today that its indirect parent, ARAMARK Holdings Corporation ("ARAMARK Holdings"), intends to issue up to $600 million of senior notes (the "Notes") in a private ...

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At Hacker Dojo, Silicon Valley techies build toward success - CNET

Entrepreneur News - Mon, 04/04/2011 - 11:06

At Hacker Dojo, Silicon Valley techies build toward success
CNET
But according to Levinson, a software engineer at Google, and fellow director Brian Klug, an entrepreneur, the building is often hopping with hackers, especially in evenings and during its weekly happy hours. All around the two-level space--where every ...

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DJO Global Announces Offering of $300 Million of Senior Unsecured Notes in ... - istockAnalyst.com (press release)

Financial News - Mon, 04/04/2011 - 11:01

DJO Global Announces Offering of $300 Million of Senior Unsecured Notes in ...
istockAnalyst.com (press release)
(Source: Business Wire)DJO Global, Inc. ("DJO" or the "Company") today announced that its indirect wholly owned subsidiaries, DJO Finance LLC ("DJOFL") and DJO Finance Corporation, a wholly owned subsidiary of DJOFL ("DJOFC" and together with DJOFL, ...

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Chinese Banks' Illusory Earnings - Forbes (blog)

Financial News - Mon, 04/04/2011 - 06:06

Chinese Banks' Illusory Earnings
Forbes (blog)
... business loans collateralized by land at inflated valuations–that give cause for concern. But it is loans made to Local Government Financing Vehicles (LGFVs), special companies set up to fund ambitious and often redundant infrastructure projects, ...

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Nine Bad Behaviors of Struggling Startup Founders - Forbes (blog)

Entrepreneur News - Mon, 04/04/2011 - 05:30

Nine Bad Behaviors of Struggling Startup Founders
Forbes (blog)
He outlines the behavioral habits he has seen in managers who are successful, versus the bad habits of ones who struggle. These habits apply even more directly to entrepreneur startup leadership: Failure to build trust and integrity. ...

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Blockbuster, Vitro, New Stream, Lehman, Rittenhouse: Bankruptcy - BusinessWeek

Financial News - Mon, 04/04/2011 - 04:25

Blockbuster, Vitro, New Stream, Lehman, Rittenhouse: Bankruptcy
BusinessWeek
Some said the noteholder group failed to provide proof of its financial ability to operate the business and pay store rent going forward. After bankruptcy, Blockbuster rejected about 220 leases for stores previously closing and is now rejecting another ...

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Area a breeding ground for hip student startups - The Republic

Entrepreneur News - Mon, 04/04/2011 - 04:04

Area a breeding ground for hip student startups
The Republic
Rua attributes the student-startup phenomenon to the availability of technology templates that allow budding entrepreneurs to create functions without the intensive programming required in past years. "There was a time when a company with an ...

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Warrior CEO Awarded SBA Honors - State Journal

Entrepreneur News - Mon, 04/04/2011 - 02:27

State Journal

Warrior CEO Awarded SBA Honors
State Journal
Ebeling said it's always a struggle for anyone trying to be an entrepreneur. Despite his recent award and the growing success of Warrior, Ebeling said more work to be done as the friends now look to scale distribution of their “dream in a can” into the ...

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News Roundup: Temasek In Talks To Buy TPG's Shriram Transport Stake - VC Circle

Financial News - Mon, 04/04/2011 - 02:26

Moneycontrol.com

News Roundup: Temasek In Talks To Buy TPG's Shriram Transport Stake
VC Circle
BY TEAM VCC Temasek In Talks To Buy TPG's Shriram Transport Stake - Temasek Holdings is in talks with PE major TPG Capital to buy a part of its stake in Shriram Transport Finance Company (STFC), India's largest commercial vehicle financing company. ...
Temasek looks to buy TPG's stake in Shriram TransportBusiness Standard (blog)
Shriram Transport Fin shares up 5%Indian Express

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Mega-loans for takeovers make comeback - CTV.ca

Financial News - Mon, 04/04/2011 - 01:17

Mega-loans for takeovers make comeback
CTV.ca
Analysts are watching the Canadian banking sector closely to see if the appetite for risk increases in the competition for lending business. Brenda Lum, managing director of Canadian financial institutions at bond rating agency DBRS, said corporate ...

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The four keys to raising capital - BusinessDay

Entrepreneur News - Mon, 04/04/2011 - 01:13

The four keys to raising capital
BusinessDay
Selling is a crucial skill for any entrepreneur. When it comes to raising capital, the question is “What are you selling?” In other words, what is the lender or investor looking for? The key to raising money, whether it's to start or expand your ...

You are here: Banking & Finance Lull in lending: Are banks still reneging or ... - BusinessDay

Financial News - Mon, 04/04/2011 - 01:06

You are here: Banking & Finance Lull in lending: Are banks still reneging or ...
BusinessDay
Thank God for the timely intervention of AMCON, everything is now sorted out, but I tell you it has now affected business adversely, a lot of businesses have either gone under or are gradually dying prematurely which is not at all good for our economy. ...

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Chamber connects small businesses with financing programs - West Hartford News

Financial News - Mon, 04/04/2011 - 00:52

Chamber connects small businesses with financing programs
West Hartford News
SBA provides assistances primarily through its four programmatic functions: Access to Capital (Business Financing), Entrepreneurial Development (Education, Information, Technical Assistance & Training), Government Contracting (Federal Procurement), ...

Vehicle expenses: the best road to take - Sydney Morning Herald

Financial News - Mon, 04/04/2011 - 00:34

Vehicle expenses: the best road to take
Sydney Morning Herald
Q. I have a business that accounts for GST using the cash basis. I am considering purchasing a new vehicle that will have a mix of business and personal use. I am trying to understand the best financing arrangement for my company and am not sure ...

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Old challenges, new success of women entrepreneurs in Korea - Yonhap News

Entrepreneur News - Mon, 04/04/2011 - 00:16

Old challenges, new success of women entrepreneurs in Korea
Yonhap News
But only 7.3 percent of them were run by female entrepreneurs, according to state-run Venturein. Data also shows that it is harder for women start-up entrepreneurs to sustain growth in their businesses for a successful initial public offering. ...

Franchisees still contending with a lack of financing - Washington Post

Financial News - Sun, 04/03/2011 - 22:12

Franchisees still contending with a lack of financing
Washington Post
The industry trade group is part of a coalition, including the Consumer Bankers Association and commercial lender CIT Group, hosting the Small Business Lending Summit on April 7 at the Capital Hilton Hotel in the District. The event aims to bridge the ...

MANY LOCALS LOOKING FOR A FRESH STARTUP - The Register-Guard

Entrepreneur News - Sun, 04/03/2011 - 21:01

MANY LOCALS LOOKING FOR A FRESH STARTUP
The Register-Guard
In general, 20 percent of the students in each of his incoming classes will be successful and generate wealth for themselves; 60 percent will survive, but in the end they may have been better off pursuing some other option; and 20 percent don't have a ...

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Energy Innovator Challenge Not A TV Game Show - EarthTechling

Entrepreneur News - Sun, 04/03/2011 - 20:09

EarthTechling

Energy Innovator Challenge Not A TV Game Show
EarthTechling
The “America's Next Top Energy Innovator” challenge is the brain-child of the Department Of Energy (DOE) and, according to US Energy Secretary Steven Chu and the DOE, is designed to give start-up companies a crack at building successful businesses ...
DOE Launches America's Next Top Energy InnovatorEC&M
Chu gives license to steal government patentsSmart Grid News

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