National News

UCFC Shareholders Told Worst Is Over - Youngstown Business Journal

Financial News - Fri, 04/29/2011 - 12:29

Youngstown Business Journal

UCFC Shareholders Told Worst Is Over
Youngstown Business Journal
Financing construction also fell over the same period from $191.8 million to $123.7 million. Total loans fell by $300 million but in the process, Home Savings' efficiency ratio improved. "We spent less money to run this company than a year ago," Reske ...

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RAIT Financial Trust Announces First Quarter 2011 Financial Results - Business Wire (press release)

Financial News - Fri, 04/29/2011 - 12:10

RAIT Financial Trust Announces First Quarter 2011 Financial Results
Business Wire (press release)
PHILADELPHIA--(BUSINESS WIRE)--RAIT Financial Trust (“RAIT”) (NYSE: RAS) today announced results for the first quarter ended March 31, 2011. On March 21, 2011, RAIT issued $115.0 million aggregate principal amount of 7.00% Convertible Senior Notes Due ...

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1st yuan shares to trade outside China make debut - BusinessWeek

Financial News - Fri, 04/29/2011 - 11:38

Kansas City Star

1st yuan shares to trade outside China make debut
BusinessWeek
Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.
CNH Tracker-Synthetic allure fades during record issuance monthReuters

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Cat Financial Announces First-Quarter 2011 Results - PR Newswire (press release)

Financial News - Fri, 04/29/2011 - 11:31

SatNews Publishers

Cat Financial Announces First-Quarter 2011 Results
PR Newswire (press release)
The allowance for credit losses as of March 31, 2010 was $394 million, which was 1.74 percent of net finance receivables. "We are very pleased with the continuing improvements in Cat Financial's business", said Kent Adams, Cat Financial president and ...
Omnicare Reports First-Quarter 2011 Financial ResultsReuters (press release)
Old Republic Reports First Quarter 2011 Financial ResultsSYS-CON Media (press release)
Groupworks Financial Corp. Announces Strong Second Quarter Results, a $14.5 ...DigitalJournal.com (press release)
TMC Net -istockAnalyst.com (press release) -American Chronicle
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Why Outsource your XBRL Filing with Rikvin Singapore? - AddPR.com (press release)

Financial News - Fri, 04/29/2011 - 10:59

Why Outsource your XBRL Filing with Rikvin Singapore?
AddPR.com (press release)
Known in its complete description as an eXtensible Business Reporting Language, the XBRL is an electronic language to communicate business and financial data anywhere. As open-source software, it will enable the company to organize and manage its ...

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Patton Boggs and The Collingwood Group Form Strategic Business Alliance - PR Newswire (press release)

Financial News - Fri, 04/29/2011 - 10:02

Patton Boggs and The Collingwood Group Form Strategic Business Alliance
PR Newswire (press release)
The arrangement combines the strength of one of the nation's premier law firms with one of the top business advisory groups in the financial services industry. Patton Boggs' expertise on legal, regulatory and policy issues facing the mortgage banking ...

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Businesses find success with SBA loan program - San Jose Business Journal

Financial News - Fri, 04/29/2011 - 10:00

TRCB News

Businesses find success with SBA loan program
San Jose Business Journal
What's more important is to establish a good business banking relationship with a lender before looking for financing. “This is just like any other service you would purchase,” Burke said. “Do you feel comfortable talking to them? ...
Find financing alternatives to banksBizjournals.com
SBA loan helps Cherney Microbiological Services expandGreen Bay Press Gazette
EVERETT COMMUNITY COLLEGE TO PARTNER WITH FIRST HERITAGE BANK IN HOSTING A ...HeraldNet

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First offshore yuan IPO gets cool reception in HK - Forbes

Financial News - Fri, 04/29/2011 - 08:54

Boston Globe

First offshore yuan IPO gets cool reception in HK
Forbes
Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan. The currency is also known as the renminbi. ...
CNH Tracker-Synthetic allure fades during record issuance monthReuters

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First offshore yuan IPO makes HK trading debut - Forbes

Financial News - Fri, 04/29/2011 - 05:54

The West Australian

First offshore yuan IPO makes HK trading debut
Forbes
Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan. Beijing began allowing foreign companies to issue yuan ...
CNH Tracker-Synthetic allure fades during record issuance monthReuters

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Berlin: Europe's hottest new tech hub for startups - The Next Silicon Valley

Entrepreneur News - Fri, 04/29/2011 - 04:46

Berlin: Europe's hottest new tech hub for startups
The Next Silicon Valley
Germany's Speigel Online reports that Berlin may soon become the place to be for tech entrepreneurs. Berlin is home to an ever increasing number of innovative new technology start-up companies -- to the point that even Silicon Valley venture ...

Banks Sitting On Huge Piles Of Cash For Small Business Loans - Daily News Pulse

Financial News - Fri, 04/29/2011 - 03:23

Banks Sitting On Huge Piles Of Cash For Small Business Loans
Daily News Pulse
Here we see the ripple effects of the recent recession: with continued economic uncertainty and depressed consumer spending, businesses remain reluctant to take on the credit risk of financing for new investments. In fact, surveys of small business ...

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Lakeville Ponzi schemer gets a 6-year sentence - Minneapolis Star Tribune

Financial News - Fri, 04/29/2011 - 01:26

Lakeville Ponzi schemer gets a 6-year sentence
Minneapolis Star Tribune
Johnston, 41, built a career arranging financing for clients. His attorney, Thomas Kelly, said about 80 percent of his business was done with billionaire Jerry Moyes, chairman and CEO of Swift Transportation in Phoenix, one of the nation's largest ...

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Indian Americans Turn Out for Obama Fundraiser - San Leandro India West

Entrepreneur News - Thu, 04/28/2011 - 22:14

Indian Americans Turn Out for Obama Fundraiser
San Leandro India West
The StartUp Visa Act of 2011, created by Senators John Kerry (D-Mass.) and Richard Lugar (R-Ind.), would allow an immigrant entrepreneur to receive a two-year visa if he or she can show that a qualified US investor is willing to invest in the ...

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Van Eck To Roll Out ETF Tracking Business Development Cos. - International Business Times

Financial News - Thu, 04/28/2011 - 22:05

Van Eck To Roll Out ETF Tracking Business Development Cos.
International Business Times
The Market Vectors Business Development Company/Specialty Finance ETF will track the the Market Vectors Business Development Company/Specialty Finance Index, which is a rules-based index. A ticker and expense ratio were not disclosed in the filing. ...
Van Eck Files For “Market Vectors Business Development Company/Specialty ...ETF Daily News (blog)

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LA Startup Spotlight: Michael Meschures, CEO of Spaphile - lalawag

Entrepreneur News - Thu, 04/28/2011 - 21:53

lalawag

LA Startup Spotlight: Michael Meschures, CEO of Spaphile
lalawag
He is a very savvy entrepreneur. He is able to build and implement creative business plans for small businesses in any field. He founded Spaphile and many other successful small businesses and continues to be a driving force in the entrepreneurial ...

The Government's Injection To Small Business Loans Is Pivotal to Jobs - Daily News Pulse

Financial News - Thu, 04/28/2011 - 20:51

Daily News Pulse

The Government's Injection To Small Business Loans Is Pivotal to Jobs
Daily News Pulse
It's critical that we support small businesses as they continue to fuel the economic recovery across the country,” said Michael Cleary, CEO of business banking in Chase's retail financial-services operation. Credit markets normally recover slowly ...

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Anworth Announces First Quarter 2011 Financial Results - EON: Enhanced Online News (press release)

Financial News - Thu, 04/28/2011 - 20:17

Anworth Announces First Quarter 2011 Financial Results
EON: Enhanced Online News (press release)
Our Annual Report on Form 10-K and other SEC filings discuss the most significant risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking ...

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This article has been added to your sync list - msnbc.com

Entrepreneur News - Thu, 04/28/2011 - 20:17

This article has been added to your sync list
msnbc.com
Late last summer, Newsweek reported that Vivek Wadhwa, a self-described “academic, researcher, writer and entrepreneur,” conducted a study of over 500 successful technology businesses and found that older startup entrepreneurs were actually more ...

Oclaro Announces Third Quarter Fiscal 2011 Financial Results - PR Newswire (press release)

Financial News - Thu, 04/28/2011 - 20:09

Oclaro Announces Third Quarter Fiscal 2011 Financial Results
PR Newswire (press release)
These forward-looking statements include statements concerning (i) financial targets and expectations, and progress toward our targeted business model, including financial guidance for the fiscal quarter ending July 2, 2011 regarding revenue, ...

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Cole Taylor losses narrowing in 'slow' Chicago economy - Chicago Breaking Business - Tribune

Financial News - Thu, 04/28/2011 - 19:06

Cole Taylor losses narrowing in 'slow' Chicago economy
Chicago Breaking Business - Tribune
Asset-based lending uses property such as accounts receivables and inventory as collateral. Such lending generally helps companies that have gone through a large growth spurt or are having trouble getting financing through a bank's commercial lending ...

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