National News

PRESS RELEASE: CORRECTING and REPLACING: GE Delivers $0.33 Operating EPS ... - Wall Street Journal

Financial News - Thu, 04/21/2011 - 12:36

PRESS RELEASE: CORRECTING and REPLACING: GE Delivers $0.33 Operating EPS ...
Wall Street Journal
In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek, " "see," or "will. ...

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Xerox Reports First-Quarter 2011 Earnings - American Chronicle

Financial News - Thu, 04/21/2011 - 11:59

Globe and Mail

Xerox Reports First-Quarter 2011 Earnings
American Chronicle
Revenue from technology, representing the sale of document systems, supplies, technical service and financing of products, was flat. Revenue from services was up 5 percent on a pro-forma basis, and represents the company's business process, ...
Xerox swings to first-quarter profitMarketWatch

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Piper Jaffray 1Q net income disappoints - BusinessWeek

Financial News - Thu, 04/21/2011 - 11:39

Piper Jaffray 1Q net income disappoints
BusinessWeek
While net income was up considerable from the same time last year, sales were hurt as customers in China pulled back on equity financing deals, Piper Jaffray CEO Andrew Duff said in a statement. At the same time, the market for underwriting municipal ...
Piper Jaffray Q1 net income soarsBanking Business Review

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Sacramento making renewed case for keeping Kings - BusinessWeek

Financial News - Thu, 04/21/2011 - 11:39

RealGM.com

Sacramento making renewed case for keeping Kings
BusinessWeek
Johnson said he didn't know much about an effort to collect signatures in Anaheim to force a public vote on $75 million in financing for a Kings deal, not expected until June 2012. "I'd be dishonest if I didn't say I was glad that was going on" because ...
Visit by NBA today could be capital's last chance to keep KingsSacramento Bee

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Regulators withdraw restrictions on CIT Bank - BusinessWeek

Financial News - Thu, 04/21/2011 - 11:39

Regulators withdraw restrictions on CIT Bank
BusinessWeek
The bank wanted to fund its corporate parent's industrial-lending business using brokered deposits -- bank deposits obtained in large chunks from other financial companies. The FDIC nixed the practice, saying the proposed loans threatened FDIC-insured ...

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Muthoot Finance IPO subscribed 22 times - Moneycontrol.com

Financial News - Thu, 04/21/2011 - 11:29

Moneycontrol.com

Muthoot Finance IPO subscribed 22 times
Moneycontrol.com
The Rs 901-crore IPO of Muthoot Finance, the non-banking finance company engaged in gold loan business, has received tremendous response from investors - especially non-institutional investors (NIIs). It is the first IPO in the financial year 2011-12. ...

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Golf course owner stays on the course - Enterprise News

Financial News - Thu, 04/21/2011 - 10:13

Golf course owner stays on the course
Enterprise News
The owner of the Lakeville Country Club was given a last-minute reprieve from foreclosure and says he is confident he will find new financing so he can stay in business. “I'm optimistic I can come out of this; I absolutely believe it ...

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Business plans don't help in early stages - Globe and Mail

Financial News - Thu, 04/21/2011 - 10:02

Globe and Mail

Business plans don't help in early stages
Globe and Mail
Once a company has been operational for some time, it has a well-defined value proposition, and it generates positive cash flow, a plan can help attract the necessary growth financing. The problem is that business plans are typically not helpful when ...

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Business plans don't help in early stages - Globe and Mail

Entrepreneur News - Thu, 04/21/2011 - 10:02

Globe and Mail

Business plans don't help in early stages
Globe and Mail
Surveys from the Inc. 500 suggest fewer than 25 per cent of successful entrepreneurs create business plans at start-up. Those that do write them will generally stick to informal “back of the napkin” types of documents. Our own experience with high-tech ...

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PFI - Eurostar wraps financing - Reuters

Financial News - Thu, 04/21/2011 - 10:01

PFI - Eurostar wraps financing
Reuters
Most of the revenue uplift came from the recovery of the business passenger market. The company has now become a single entity, owned by the three shareholders, and has just relaunched its branding. It is adding Amsterdam, Frankfurt and Geneva to its ...

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Melrose Jewelers: Recent USC MBA Graduate Leads Online Luxury Watch Startup to ... - Marketwire (press release)

Entrepreneur News - Thu, 04/21/2011 - 07:34

Melrose Jewelers: Recent USC MBA Graduate Leads Online Luxury Watch Startup to ...
Marketwire (press release)
Los Angeles local, Krishan Agarwal began his successful online retail store, MelroseJewelers.com, originally as a hobby to help fund his education while completing his MBA at the University of Southern California. He saw an untapped area of the luxury ...

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Incoming Treasury chief wants SA to narrow deficit - Business Day

Financial News - Thu, 04/21/2011 - 04:29

Incoming Treasury chief wants SA to narrow deficit
Business Day
He told Business Day that the benefits of a strong fiscal position were "not a theoretical construct" and had allowed SA to avoid "extraordinary measures" during the global financial crisis in 2009. "The sooner we get our position on a firmer footing ...

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American Apparel Said Close to an Agreement for $15 Million in Financing - Bloomberg

Financial News - Thu, 04/21/2011 - 04:22

Triple Pundit

American Apparel Said Close to an Agreement for $15 Million in Financing
Bloomberg
American Apparel, known for its colorful t-shirts and provocative ads, aims to almost double sales to $1 billion eventually by expanding its brand, improving its distribution network and boosting sales from the wholesale business. ...
Dov Charney Staring Down Chapter 11: American Apparel Still Facing Financial WoesVillage Voice (blog)
American Apparel in talks with investor to secure up to $10 million in new ...Los Angeles Times
American Apparel racing to secure financing - WSJReuters
Portfolio.com (blog)
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Iron Mountain Calms Bondholders on $2.2 Billion Payout: Corporate Finance - Bloomberg

Financial News - Thu, 04/21/2011 - 04:21

Boston Globe

Iron Mountain Calms Bondholders on $2.2 Billion Payout: Corporate Finance
Bloomberg
“We think we're appropriately levered at this space, given where the business is and given the amount of capital we're talking about and we think this is the right thing to do. But this is not coming from a big leverage up for the business at this ...
Iron Mountain compromises with activist investorBusinessWeek
Iron Mountain Announces Comprehensive Strategic Plan to Enhance Stockholder ValueBusiness Wire (press release)

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New funds for small business loans website - Financial Times

Financial News - Wed, 04/20/2011 - 23:04

New funds for small business loans website
Financial Times
The new financing will enable Funding Circle to begin marketing its site as it attempts to build its market and outlast the current period of low interest rates and credit limitations. “Now is a good time to be building this business,” Mr Desai said. ...

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Simple steps help small businesses avoid stress - Bangor Daily News

Financial News - Wed, 04/20/2011 - 22:49

Simple steps help small businesses avoid stress
Bangor Daily News
Columns, a head and shoulder shot and a short bio can be sent to business@bangordailynews.com. The financial and emotional impact of the Great Recession has probably made many Maine small-business owners ask themselves, “Is owning a business even worth ...

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Uptick in Loans Could Aid Businesses - Wall Street Journal

Financial News - Wed, 04/20/2011 - 22:41

Uptick in Loans Could Aid Businesses
Wall Street Journal
Small-business lending and the use of existing lines of credit, both slow to rebound, are showing faint but intelligible signs of recovery. An uptick in the two forms of lending could help businesses expand and reduce unemployment, which are crucial to ...

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Direct Capital Doubles Credit Offering For Start-Up Businesses - Citybizlist (press release)

Financial News - Wed, 04/20/2011 - 21:51

Direct Capital Doubles Credit Offering For Start-Up Businesses
Citybizlist (press release)
Previously, Direct Capital would provide up to $30000 in equipment financing to companies that have been in business for less than two years. Now the company is offering up to $60000 for start-ups. "There has been tremendous growth in the number of new ...

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Launching your business: 4 common mistakes - TODAYonline

Entrepreneur News - Wed, 04/20/2011 - 21:08

Launching your business: 4 common mistakes
TODAYonline
A successful entrepreneur will constantly adjust course without losing sight of the final destination. Do not shortchange your start-up when estimating the funds you will require -you will just diminish your chances of success. ...

Regulators withdraw orders that barred CIT Bank from paying dividends, lending ... - CanadianBusiness.com

Financial News - Wed, 04/20/2011 - 21:06

Forbes (blog)

Regulators withdraw orders that barred CIT Bank from paying dividends, lending ...
CanadianBusiness.com
The bank wanted to fund its corporate parent's industrial-lending business using brokered deposits — bank deposits obtained in large chunks from other financial companies. The FDIC nixed the practice, saying the proposed loans threatened FDIC-insured ...
CIT Announces Lifting of Cease and Desist Orders on CIT BankInsurance News Net (press release)
Stage set for Thain to show his stuff at CITCrain's New York Business

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