National News

Seagate To Buy Samsung's Hard Drive Business In $1.375B Deal - Forbes (blog)

Financial News - Tue, 04/19/2011 - 10:55

Seagate To Buy Samsung's Hard Drive Business In $1.375B Deal
Forbes (blog)
The agreement has no financing contingencies, and is subject to customary closing conditions, including review by US and international regulators. The transactions are expected to close by the end of calendar year 2011. Morgan Stanley & Co. ...

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New small business program hopes to turn dreams into enterprise - Western Star

Entrepreneur News - Tue, 04/19/2011 - 10:05

Western Star

New small business program hopes to turn dreams into enterprise
Western Star
Local entrepreneurs Adam Andersen (forestry consultant) and Richard Butt (property and real estate manager) also said Monday said the assistance they have received through business counselling has been instrumental in their success.

Mercantile Bank Corporation Reports First Quarter 2011 Results - GlobeNewsWire (press release)

Financial News - Tue, 04/19/2011 - 10:01

Buffalo News

Mercantile Bank Corporation Reports First Quarter 2011 Results
GlobeNewsWire (press release)
... over the past twelve months, in large part reflecting the continued sluggishness in business activity and a corresponding reduction in accounts receivable and inventory financings, as well as significantly reduced requests for new equipment financing.
M&T Bank Corporation Announces First Quarter ProfitsStockhouse

all 77 news articles »

Columbus-Area Small Business Owners See New Opportunities for Growth Through ... - PR Newswire (press release)

Financial News - Tue, 04/19/2011 - 10:01

Columbus-Area Small Business Owners See New Opportunities for Growth Through ...
PR Newswire (press release)
After failing to secure funding for her business with another financial institution, Dr. Todd received an SBA-backed loan from Huntington, which allowed her to purchase and renovate what is now the Food for Good Thought Bakery in Clintonville. ...

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Mentoring social entrepreneurs and their social ventures - The Guardian

Entrepreneur News - Tue, 04/19/2011 - 09:25

The Guardian

Mentoring social entrepreneurs and their social ventures
The Guardian
... I've been working with successful entrepreneurs for over five years, putting them through their paces as part of the Ernst & Young Entrepreneur of the Year programme. We have a long tradition in supporting entrepreneurs and start-up businesses, ...

Gladiator, Doctor Who Visual-Effects Maker Gets LBO Financing - BusinessWeek

Financial News - Tue, 04/19/2011 - 09:01

Gladiator, Doctor Who Visual-Effects Maker Gets LBO Financing
BusinessWeek
By Patricia Kuo April 19 (Bloomberg) -- The Mill, an Oscar-award winning video-content provider for the movie “Gladiator” and BBC drama “Doctor Who” being acquired by Barclays Private Equity Ltd., hired banks to finance the buyout. ...

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Apply for Muthoot Finance IPO Aditya Birla Money - Moneycontrol.com

Financial News - Tue, 04/19/2011 - 07:46

Hindu Business Line

Apply for Muthoot Finance IPO Aditya Birla Money
Moneycontrol.com
The report also says, "We believe the company's leadership position in the gold loan business (market share of 20%), strong capital raising ability, superior NIMs and return ratios, established brand image and opportunity in the gold financing business ...
Muthoot Fin sees asset book growing by 50% in 3 yrsBusiness Standard
Pricing reasonable, but risks galoreLivemint
Plan to raise Rs 820-900 crore via IPO: Oomen Mammen, Muthoot FinanceEconomic Times
Khaleej Times -Hindu Business Line -Business Today
all 72 news articles »

Brevini: Up to 200 jobs in 2012 - Muncie Star Press

Financial News - Tue, 04/19/2011 - 07:23

Brevini: Up to 200 jobs in 2012
Muncie Star Press
"We had all of our financing prepared," Winkler said. "By December, all that financing was gone. We spent the next 16 months replacing that financing." Brevini USA moved its US headquarters from the Chicago area to the Park One/332 business park in ...

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Novartis Posts 6% Profit Drop on Forex, Financing - Wall Street Journal

Financial News - Tue, 04/19/2011 - 05:54

Novartis Posts 6% Profit Drop on Forex, Financing
Wall Street Journal
The Basel-based company said it was on track to reach its full-year targets, although it warned the strong franc could impact its business this year, after net profit for the three months to the end of March fell to $2.77 billion from $2.93 billion in ...

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Bad bank proposed to counter construction sector bankruptcies - 한겨레

Financial News - Tue, 04/19/2011 - 05:25

AFP

Bad bank proposed to counter construction sector bankruptcies
한겨레
The figures showed commercial banks holding 6.3 trillion won in nonperforming loans, savings banks holding 1.1 trillion won, and non-bank financial institutions such as insurance and capital companies holding 2.3 trillion won. ...
Bad bank may absorb toxic loansAsiaOne
김석동, 5대 금융 회장 긴급소집…“PF 살려달라”JoongAng Daily

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Bad bank may absorb toxic loans - AsiaOne

Financial News - Tue, 04/19/2011 - 04:15

AFP

Bad bank may absorb toxic loans
AsiaOne
Citing the case of Sambu Construction, he said the financial sector's response to builders' project financing loan issues has been passive. Kim also said the situation is feared to trigger difficulties on builders' business management. ...
김석동, 5대 금융 회장 긴급소집…“PF 살려달라”JoongAng Daily

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Small theater operators weigh digital conversion - Los Angeles Times

Financial News - Tue, 04/19/2011 - 02:58

Los Angeles Times

Small theater operators weigh digital conversion
Los Angeles Times
Small exhibitors can obtain loans to buy equipment through their local banks, the Small Business Administration, equipment vendors or so-called third party integrators such as Cinedigm Digital Cinema Corp., a New Jersey-based company that buys and ...

In Silicon Valley, Investors Are Jockeying Like It's 1999 - Wall Street Journal

Entrepreneur News - Tue, 04/19/2011 - 02:53

In Silicon Valley, Investors Are Jockeying Like It's 1999
Wall Street Journal
Such overnight success stories are becoming more common. At a Los Angeles "Startup Weekend" in February, Bo Fishback pitched his young company for all of one minute. Its product is Zaarly, a mobile application that asks users to name what they need ...

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Alumni Start-Up Success? There's an App for That - University of Texas at Dallas (press release)

Entrepreneur News - Tue, 04/19/2011 - 02:13

University of Texas at Dallas (press release)

Alumni Start-Up Success? There's an App for That
University of Texas at Dallas (press release)
He graduated in 2009 with honors in biology from UT Dallas and, although he plans to attend medical school, his business acumen is leading him to an early and promising career as a smart-phone consultant and entrepreneur. Along with his brother, ...

Wealthy Individuals Willing to Invest in Startups Declines - The Ledger

Entrepreneur News - Tue, 04/19/2011 - 00:05

Wealthy Individuals Willing to Invest in Startups Declines
The Ledger
Without the money, entrepreneurs like Joel Ackerman are having a tougher time building their businesses and creating jobs. Ackerman needs $2 million to build his startup, River Systems, which is developing software to help senior citizens communicate ...

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Ex-State Street trading head joins third-party broker - Financial News

Financial News - Mon, 04/18/2011 - 23:06

Ex-State Street trading head joins third-party broker
Financial News
One of the most senior team members to quit State Street's securities lending business last year has re-emerged at an independent agent, in a sign of the growing importance of third party securities financing agents that are not affiliated with a ...
eSecLending Hires Industry VeteranBusiness Wire (press release)

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Commissioners debate incentive for West Knox retail development - WBIR-TV

Financial News - Mon, 04/18/2011 - 20:51

WBIR-TV

Commissioners debate incentive for West Knox retail development
WBIR-TV
Knox County Commissioners debated a proposed tax financing deal for a development site near Watt Road and Interstate 40 in West Knox County at their monthly workshop Monday. Developers are calling the site the Deer Park Business Center. ...

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IPO Preview: Air Lease Corp. - Forbes

Financial News - Mon, 04/18/2011 - 19:23

IPO Preview: Air Lease Corp.
Forbes
Many airlines lease some or all of their fleets because that provides more flexibility than owning planes or because they can't get the financing to buy their own planes. The company is going public at a time when airlines are flying fuller flights, ...
Air Lease IPO could pave way for AIG's ILFCReuters

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Vornado's Roth: Don't Discard Fannie, Freddie - Wall Street Journal (blog)

Financial News - Mon, 04/18/2011 - 19:23

LoanRateUpdate (press release)

Vornado's Roth: Don't Discard Fannie, Freddie
Wall Street Journal (blog)
As far as commercial real-estate is concerned, Fannie and Freddie are limited strictly to the apartment sector, which means Vornado doesn't do business directly with the mortgage-finance giants. Still, developers of all property types may indirectly ...
Vornado's Steven Roth: Eliminating Freddie, Fannie a MistakeCitybizlist Real Estate

all 22 news articles »

This Week in Credit Card News: JPMorgan, AmEx, Rewards - Forbes (blog)

Financial News - Mon, 04/18/2011 - 19:23

Forbes (blog)

This Week in Credit Card News: JPMorgan, AmEx, Rewards
Forbes (blog)
[LowCards.com] If you are seeking a foreclosure or loan modification, don't rush for help from any business that claims to help with financial obligations. Many are happy to accept your money and do little, if anything, to get you off the hook. ...

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