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August 31 2013

kaduychozamb

New At The Top: Mark Serway?s Road To A Job As Chief Financial Officer At Reston?s Govplace

Report: General Electric plans to spin off consumer finance business with possible IPO

I wasnt a typical finance person that grew up in the accounting world. I was an I.T. guy that got converted. In many ways, that distinguished me. My fellow finance people would rely on systems people giving them the data, whereas I was able to interpret it myself.

A Portuguese firefighter works to extinguish a wildfire near Caramulo, north Portugal, Thursday, Aug. 29, 2013. Portuguese officials said a woman firefighter died in a forest blaze, becoming the fifth fatality among emergency crews in a month as summer wildfires scorch large areas of parched countryside. (AP Photo/Francisco Seco) Of the five Freeholders, I think they owe everybody an explanation, he said. He said the only thing hes heard officially from the county since his July 2 appearance is a letter from County Counsel Shana Taylor, advising him to do any corresponding about the case with her and not the Freeholders. That might be legally correct, but Im surprised that the five people who govern the county arent more interested in this particular issue, De Sapio said. He said hes heard that in the absence of the three women, things are being done in the Finance Departments that have negative impacts on other county employees such as money taken out of paychecks for child support that hasnt been remitted to the court.

Attorney De Sapio to demand answers about Hunterdon Finance Department

Immelt said in May that the company still planned to expand GE Capitals core business, which is commercial lending. He also told his audience that capital markets were receptive to IPOs. GEs stock has climbed nearly 11 percent so far this year. Copyright 2013 The Associated Press.

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Structured Finance Industry Group Challenges Use Of Eminent Domain To Seize Mortgage Loans

Finance Minister directs commercial banks to increase interest for depositors

30, 2013, 8:30 a.m. EDT Structured Finance Industry Group Challenges Use of Eminent Domain to Seize Mortgage Loans Leading Association Representing the Structured Finance and Securitization Markets Files Brief Supporting Plaintiffs in Case Against City of Richmond, California WASHINGTON, Aug. 30, 2013 /PRNewswire via COMTEX/ -- The Structured Finance Industry Group, Inc. ("SFIG"), a member-based trade industry advocacy group focused on improving and strengthening the broader structured finance and securitization market, today announced that it has filed an amicus curiae brief in support of Wells Fargo National Association's motion for a preliminary injunction against the City of Richmond, California and Mortgage Resolution Partners LLC ("MRP").

Think Finance Hires Craig A. Nies as Chief Analytics Officer

We don't want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness," Schaeuble said. "A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction.

German finance minister: 'I don't see' any further eurozone bailouts

Nies as Chief Analytics Officer Big Data Expert to Continue Refining Think Finances Sophisticated Analytics & Underwriting Models FORT WORTH, Texas--( BUSINESS WIRE )-- Think Finance , a leading developer of online financial products that bridge the gap between payday loans and credit cards, today announced it has named Craig A. Nies as Chief Analytics Officer. In this role, Mr. Nies will be responsible for all predictive analytics, including the development of new models for marketing, risk and fraud across the companys suite of solutions.He will also lead research and development of advanced modeling techniques that leverage new Big Data sources and technologies.

Finance Ministry warns wilful defaulter again, asks banks to nail them

"There was a complete unanimity on how wilful defaulters are going to be treated. At today's meeting, I have also communicated that message which I think is very important that absolutely no consideration will be shown to wilful defaulters," Financial Services Secretary Rajiv Takru told reporters after a meeting with top bankers here this evening. He said banks have been advised to cut down their net non-performing assets (NPAs) and so wilful defaulters must be dealt as firmly, correctly and expeditiously as possible. Takru had earlier this month gave a stern warning to wilful defaulters and told them that they should be prepared to cede management control of their companies as they are putting public's money at stake. As of June quarter, total restructured assets of banks crossed Rs 4 lakh crore, and the major contributor are the state-run banks.

The bank from inception has operated on an adequate capital structure and will strive to meet the revised capital requirement set by the Central Bank in the expected time frame, he said. He commended the banks initiative of branch expansion where it had so far invested over K21million from January this year. Investrust Bank Managing Director Friday Ndhlovu said the banks short term strategy was to be in all provincial centres to improve on the saving culture of the majority Zambians. He said the bank invested about K3.5 million for the opening of the branch.

kaduychozamb

Compton's first Latino lawmaker finally submits finance forms

Corporate finance leaders should empower end users through technology

So it was a joyous moment for some when Galvan won a seat on Compton's City Council in June. But a few weeks into his term, some are having misgivings about the councilman. Galvan had failed to file any of the required campaign finance disclosures for the primary and runoff elections. As his first official action, he hired Gonzalez. And according to public records and interviews, including information from a former roommate, he moved to Compton just in time to run for office.

<b>Document:</b> Isaac Galvan campaign filings "The business unit guy doesn't say, 'Where you did get that number?' [because he] helped me build it," he said. And multi-year plans can help finance analyze potential organizational shifts, as well. "Sometimes when you're in a situation where you have a new strategic direction, there's really no framework to model it, and this gives you that framework to think about how it affects your business," Miller said. He added that NetSuite produces rolling eight-quarter forecasts, which are updated on a monthly basis.

Finance Ministry sends letters to indirect tax defaulters

It is for the first time that such letters have been issued to indirect tax defaulters , a senior Finance Ministry official said, adding that the Income Tax department has been issuing such letters to direct tax dodgers. The Finance Ministry has decided to go after about 12 lakh service tax assesses who had stopped filing returns. The Ministry officials are also focusing on top 100 excise duty assessees in the country to ensure that there is no evasion towards the indirect tax collection kitty. There are 1.2 lakh excise duty assessees across the country. Whereas, there are 17 lakh registered assesses under the service tax.

August 29 2013

kaduychozamb

The Windows 8 Finance App Gets New Improvements

Even though no details on this new build has been provided at the time of writing this article, this particular version most likely comes to address some of the bugs found by Microsoft engineers in older releases. As a result, expect the Finance app to load faster on both Windows 8 and Windows RT , while also offering a much more stable overall experience on either platform. Designed for Windows, the Finance app puts control at your fingertips. Swipe through colorful charts for a quick read on the day's events. Rich graphics help you find the latest mortgage, auto, and credit card rates.

India finance minister asks banks to ensure credit flow to industry

Credit: Reuters/Adnan Abidi NEW DELHI | Thu Aug 29, 2013 8:46am EDT NEW DELHI (Reuters) - Indian Finance Minister P. Chidambaram on Thursday asked state-run banks to ensure flow of credit to every sector of industry, indicating the need for funding projects amid an economic slowdown. The banks have been asked to assist industrial borrowers who were facing difficulties and be sympathetic towards genuine defaulters, Chidambaram told a parliamentary panel attached to the finance ministry. Economic growth virtually halved in two years to 5 percent in the fiscal year that ended in March -- the lowest level in a decade -- and most economists surveyed by Reuters in the past week expect 2013/14 to be worse. (Reporting by Manoj Kumar; Editing by Sunil Nair) Tweet this

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RPT-Market Chatter-Corporate finance press digest

Northstar Realty Finance (NRF) Passes Through 9% Yield Mark

* A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe's biggest property deals this year, a source close to the negotiations told Reuters. * Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp's market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm's stake in their U.S.

But a few weeks into his term, some are having misgivings about the councilman. Galvan had failed to file any of the required campaign finance disclosures for the primary and runoff elections. As his first official action, he hired Gonzalez. And according to public records and interviews, including information from a former roommate, he moved to Compton just in time to run for office.

Compton's first Latino lawmaker finally submits finance forms

<b>Document:</b> Isaac Galvan campaign filings Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 9% would appear considerably attractive if that yield is sustainable.

Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance

Its fleet of Airbus A380 double-deckers has turned Dubai into an international aviation crossroads, stripping business from veteran carriers such as Air France-KLM Group and Deutsche Lufthansa AG of Germany . Keeping Awake Emirates, which begins its fiscal year on April 1, needed $5.5 billion this year to finance 25 aircraft deliveries, Jeffery said. Of this, it raised $2.9 billion from an enhanced equipment trust certificate issued in June 2013 through Doric, vanilla finance leases and export credits, and pure operating leases for two freighter aircraft. It also issued $750 million in non-Shariah compliant bonds in January. Of the 25 aircraft, financing for 21 has been arranged.

kaduychozamb

Honda Canada Finance sells C$550 mln of notes - term sheet

The sale was a private placement. The issue included C$300 million ($286 million) of floating-rate notes due Dec. 3, 2015. The notes, which were priced at par, have a coupon rate of 42 basis points over the three-month Canadian Dealer Offered rate or CDOR. Honda Canada Finance also sold C$250 million ($238 million)floating-rate notes due Dec.

The Windows 8 Finance App Gets New Improvements

Even though no details on this new build has been provided at the time of writing this article, this particular version most likely comes to address some of the bugs found by Microsoft engineers in older releases. As a result, expect the Finance app to load faster on both Windows 8 and Windows RT , while also offering a much more stable overall experience on either platform. Designed for Windows, the Finance app puts control at your fingertips. Swipe through colorful charts for a quick read on the day's events.

German finance minister: 'I don't see' any further eurozone bailouts

We don't want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness," Schaeuble said. "A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated.

The Best Personal Finance Blogs That You Should Be Reading

We just released our brand new financial literacy toolkit, which was designed to make the financial transition into the real world a lot easier for students and recent grads. We partnered with Citibank to bring you advice on how to get a job, how to save during college, and how to manage your money post-graduation. Theyre all lessons that are essential in practicing responsible money management, and yet theyre all topics you probably didnt cover in school. Download the free toolkit from our back-to-school section. Money Crashers Money Crashers is a site that looks at smarter spending from all angles from ways to make food scraps useful (for example, 7 Creative Ways to Use Leftover Juicing Pulp,) to how to exercise on the cheap.

kaduychozamb

German finance minister: 'I don't see' any further eurozone bailouts

"A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated.

Finance committee to debate library, ferry funding

The branches on the chopping block are Maxville, Brentwood, San Marco, Willowbranch, University and Beaches. Supporters have been busy gathering signatures to try and take the issue to voters in the next general election. Roughly 26,000 signatures are needed, and so far the group "Save our Libraries" has certified nearly 18,000. If the goal is met, voters would be asked in a straw ballot to form an independent library taxing district with no increase on the mileage cap. Also on the committee agenda is funding for the Mayport Ferry.

August 28 2013

kaduychozamb

German finance minister: 'I don't see' any further eurozone bailouts

We don't want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness," Schaeuble said. "A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction.

India's finance minister tries to stem panic

shri chidambaram india finance minister monetary policy . But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation's tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India's current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013. He reassured investors that "there was -- and is -- no intention to introduce any type of capital control", which could further choke off foreign investment.

Lawrence Mayor William Lantigua is sued over alleged campaign finance violations

By Andrea Estes and Martin Finucane, Globe Staff Lawrence Mayor William Lantigua is being sued by the state attorney general and campaign finance regulators for alleged campaign finance law violations, in the latest round of trouble for an official who has been dogged by controversy. Lantigua, among other things, allegedly accepted thousands of dollars in potentially illegal cash and corporate contributions, Attorney General Martha Coakley and the Office of Campaign and Political Finance said in a joint statement announcing the lawsuit. aCampaign finance laws ensure the integrity of the electoral system,a Coakley said. aThese disclosures are important to let voters know where candidatesa contributions are coming from and to help them make informed decisions about who to support.a The lawsuit was filed today in Suffolk Superior Court.

Think Finance Named to Inc. 500|5000 List of Fastest-Growing Companies for Fourth Year in a Row

Think Finances company profile is available at http://www.inc.com/profile/think-finance . "Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy, says Inc. magazine editor Eric Schurenberg.

Compton's first Latino lawmaker finally submits finance forms

Compton City Councilman Isaac Galvan belatedly filed mandatory campaign finance forms after state officials threatened to open a formal investigation when he missed several deadlines. The financial statements, which were submitted Thursday, show that Galvan spent $29,000 on his race to become Compton's first Latino elected official. Galvan also reported that he raised only half as much as he spent. Most of his donations came from people outside of Compton in neighboring southeast communities. According to the documents, Galvan has outstanding debts totaling $15,500, most of which was attributed to printing campaign fliers. The 26-year-old reported that he owes Angel Gonzalez, his former campaign manager, almost $12,000. Galvan hired Gonzalez as his community liaison when he won the election. Gonzalez was subsequently fired by Compton's city manager after The Times published a story that revealed Gonzalez's criminal history. In 2002, Gonzalez was convicted of a felony conspiracy charge reduced to a misdemeanor at his sentencing for sending out attack mailers with copies of fake official documents. In a separate case, he was convicted on two misdemeanor counts of sending out misleading campaign fliers.

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Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance

Bankruptcy Judge Paul Hyman denied GE Capitalas motion to dismiss the lawsuit on Aug. 23 in Palm Beach County bankruptcy court. At a billion dollars, the Palm Beach Finance claim against GE Capital is one of the largest Ponzi recovery actions ever filed. Michael Budwick , an attorney working on the case, said Palm Beach Finance intends to seek punitive, or treble, damages.

India's finance minister tries to stem panic

shri chidambaram india finance minister The state-owned airline is undergoing a period of rapid growth as its home base Dubai recovers from the 2008 global financial crisis. Passenger traffic through Dubai airport jumped 17 percent in the first half to 32.6 million and hotel occupancy reached 84.6 percent. The debt market is currently volatile, and that is not ideal for us, but volatility has not stopped us from issuing bonds in the past, Jeffery said last week. Im pretty confident that, given the brand and the credit story of Emirates, sufficient funding will be available. Yields Rise Average yields on global corporate sukuk have risen 46 basis points to 4.62 percent since the Fed said June 19 it might taper its asset-purchase program as early as this year, according to the HSBC/Nasdaq Dubai Corporate US Dollar Sukuk Index. The yield on Emirates $1 billion sukuk, which carries a 3.875 percent profit rate, increased 31 basis points, or 0.31 of a percentage point, in the period to 5 percent at 11:58 a.m.

Finance Department says it will fix credit-union tax error revealed by auditors

The March budget included a measure designed to see credit unions and similar small lending institutions pay the same tax rates as other corporations. The move was a shock that "blindsided" credit unions, says Gary Rogers, a spokesman for Credit Union Central of Canada. And accounting firm Deloitte says amendments passed in late June to implement the changes mean tax rates for credit unions will actually be 13 percentage points higher than those paid by banks and other corporations. NDP finance critic Peggy Nash calls it a radical Conservative tax hike.

"Capital inflows will, in due course, correct the position." India has been caught up in an emerging markets sell-off , triggered by talk of tighter U.S. monetary policy . But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation's tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India's current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013. He reassured investors that "there was -- and is -- no intention to introduce any type of capital control", which could further choke off foreign investment.

kaduychozamb

Zurich Insurance Finance Chief Pierre Wauthier Found Dead

Wauthier, a married father of two, was appointed CFO at Switzerland s largest insurer in September 2011 after previous roles as group treasurer and head of centrally managed businesses. The board of directors, group executive committee and all of our colleagues are deeply saddened and pass on our condolences to the family and relatives, Chief Executive Officer Martin Senn said in a statement yesterday. Schlatter said that Wauthier lived in Walchwil, a municipality on the eastern shore of Lake Zug. The citizen of Britain and France had joined Zurich Insurance in 1996. Vibhu Sharma, group controller, will take over as CFO on an interim basis, according Zurich Insurance.

German finance minister: 'I don't see' any further eurozone bailouts

Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated. "You can see if you look at the rates for sovereign debts they are stable.

August 27 2013

kaduychozamb

Finance Funding Australia Offering Free Insurance Consultations

Milankovic says that the Finance Funding website also aims to be a great source of financial information, At Finance Funding Australia we are passionate about our clients. We want to help you ensure you have appropriate Income and Life Insurance to protect your loan and your familys commitments if health issues arise. The company publishes a blog with frequent updates on various types of finance funding for businesses and individuals as well as financial issues in general. The blog is online at http://financefunding.com.au/category/blog/ . Recent topics include leveraging tools to calculate loan payments, information about types of Australian car warranties, a helpful articles about consumer credit insurance, a look at car loans versus car leases, equipment finance, and other related topics.

Northstar Realty Finance (NRF) Passes Through 9% Yield Mark

Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 9% would appear considerably attractive if that yield is sustainable. Northstar Realty Finance Corp ( NYSE: NRF ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S.

Revolutionary Concepts, Inc. Projects Millions in Profits Through Its Subsidiary Greenwood Finance Group, LLC

When we factor Greenwood's notes receivable as well as revenue generated by recent investments, we could be looking at projected earnings just under 3 million dollars by year end. While Revolutionary Concepts continues its negotiations involving the patent licensing, Greenwood's numbers will provide a huge boost to the bottom line and a component in establishing shareholder confidence." About Revolutionary Concepts, Inc. Revolutionary Concepts, Inc. is a development stage company focused on the design and development of the Eye Talk Communicator.

kaduychozamb

German finance minister: 'I don't see' any further eurozone bailouts

ELFA releases Monthly Leasing and Finance Index for July.

We don't want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness," Schaeuble said. "A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated.

Receivables over 30 days were at 1.5% in July, up slightly from historic low of 1.4% in June. Delinquencies declined from 2.2% in same period in 2012, and charge-offs were unchanged for past 5 months. Equipment Leasing and Finance Association's Survey of Economic Activity: Monthly Leasing and Finance Index Equipment Leasing and Finance Association 1825 K Street NW Press release date: August 23, 2013 July New Business Up 9 Percent Year-over-year, Down 16 Percent Month-to-month Washington, DC, The Equipment Leasing and Finance Associations (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their overall new business volume for July was $7.2 billion, up 9 percent compared to volume in July 2012. Month-over-month, new business volume was down 16 percent from June. Year to date, cumulative new business volume increased 10 percent compared to 2012.

Revolutionary Concepts, Inc. Projects Millions in Profits Through Its Subsidiary Greenwood Finance Group, LLC

27, 2013 (GLOBE NEWSWIRE) -- "EyeTalk Communicator" developer Revolutionary Concepts, Inc. ( REVO ) ( www.revolutionaryconceptsinc.com ) announces its subsidiary Greenwood Finance Group, LLC has completed the set-up of a new infrastructure in addition to completing several investment transactions. Solomon RC Ali, Sr. VP Finance said, "We are very pleased with the direction Greenwood Finance Group has taken in overhauling its branding and sales process. The addition of key account personnel and sales management software has had an immediate impact expanding the client base and facilitating new investment opportunities.

kaduychozamb

India's finance minister tries to stem panic

Is That Finance Internship Worth It?

Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use.

Market Chatter-Corporate finance press digest

The discount to book is particularly significant here, though the bank is dependent on cost cutting to prove a good value from an earnings perspective. Billionaire Kerr Neilson's Platinum Asset Management is one significant shareholder (see more stocks in Neilson's portfolio) . Warren Buffett is known as a big fan of Wells Fargo /quotes/zigman/239557/quotes/nls/wfc WFC -0.87% , and his holding company Berkshire Hathaway led our list of significant shareholders of that bank. Wells Fargo's earnings multiples are in line with those of its peers, even though its perceived safety results in a staggeringly high (by comparison) P/B of 1.5. 57 funds and other investors had Goldman Sachs /quotes/zigman/188479/quotes/nls/gs GS -0.47% in their portfolio at the end of June, placing the pure-play investment bank behind its integrated peers.

shri chidambaram india finance minister Signs of a Worthwhile Internship A paid offer is a good sign, but it isnt enough to guarantee a good internship, says Flore Dorcely-Mohr, assistant director of the internship program at Drew University in Madison, N.J., and a member of the Nationwide Internship Consortium, which provides access to internship listings for students at 18 U.S. colleges and universities. I have seen employers think it is OK to abuse good workers simply because they are paying them an hourly wage. And, conversely, we have several employers start their interns unpaid but invest a great deal of time in orientation and training in various aspects of the business, she says.

10 most popular finance stocks among hedge funds

* Private equity firm MBK Partners has agreed to buy a 90 percent stake in ING's South Korean insurance unit for 1.63 trillion won ($1.46 billion), a source with direct knowledge of the matter said Monday. * Brazil's oil industry watchdog plans to reject OGX Petroleo e Gas Participacoes SA's plan to develop the Tubarao Azul offshore oil field, two government sources with direct knowledge of the situation told Reuters. * Abu Dhabi National Energy Co (TAQA) may shelve a $12 billion power project in Turkey amid a deteriorating economic outlook and increasingly difficult financing conditions, Turkish energy industry sources said on Monday. * Thai billionaire Charoen Sirivadhanabhakdi is looking to raise at least $500 million by listing a hospitality trust in Singapore next year to help refinance some of the debt that his companies took on to win control of Fraser and Neave (F&N) , people with knowledge of the matter said. * Malaysia's largest mobile phone operator by market value Axiata Group Bhd is planning an initial public offering of its telecommunication tower assets estimated to be worth up to $500 million, three people familiar with the deal said.

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Is That Finance Internship Worth It?

A big-name company with a large intern salary doesnt guarantee youll be getting an experience worthy for your resume. Schnur says it is definitely worthwhile to take an internship that is not with a company that you hope to one day work for. Not all internships are designed to lead directly to a job, he says, but the internship offers an opportunity for a student to experience the real world and also expand their resume, and it also enhances networking prospects. In addition, an internship allows a student to get recommendations not only from academia, but from financial professionals. Furthermore, the opportunity to interact with those professionals can help a student obtain guidance for their chosen profession, Schnur says. Branching Out Say youre a finance major and you want to go into investment banking, but the only internship youve been accepted to is for an insurance company.

Grandson of first finance minister now in home for elderly

"We have seen a pick-up in inquiry levels and we expect that to continue after October 1 and translate into increased business." Lyn McMoran, chief executive of the Financial Services Federation, which represents non-bank lenders, said only a few members operated in residential mortgages. "The ones who do have had a bit more inquiry coming from mortgage brokers but not substantial. "They are expecting more but are just having inquiries at this stage." Auckland mortgage broker Jeff Royle said the non-bank sector would definitely benefit from the Reserve Bank change. Royle said the change had already resulted in big delays in getting mortgage approvals at the main trading banks while some non-bank lenders were still able to give conditional approval within an hour for online applications.

Finance firm boost tipped

From October 1, banks must cap new lending to house buyers with a deposit of less than 20 per cent to 10 per cent of the overall total. Photo / Paul Estcourt I frittered away Rs 40 lakh of assets, including properties in Chennai, Ooty and Coimbatore, for imported alcohol and cigarettes," he says, wiping his spectacles. His friends left after his wealth vanished. He was found unconscious in a Kilpauk park on August 3, 1998 by a family friend and taken to the old age home where he says he has finally found peace. "I gave up drinking and smoking 15 years ago.

August 26 2013

kaduychozamb

Confessions of a Personal Finance Writer: I Don't Track Every Penny

10 most popular finance stocks among hedge funds

She thought she should have saved that money instead. As someone who feels a lot of guilt over the things I should or shouldnt be doing, I know how it can suck the joy out of life. Guilt can undermine any good feelings a purchase (or a piece of chocolate cake, for that matter) might bring. And if you look at the Big Picture, my friend has healthy savings, doesnt have credit card debt, and is saving for retirement.

State to support micro-finance firms

We recognise that the private sectors major challenge is access to and cost of credit. We should be able to revise EDAIF to lower its interest rate. EDAIF is capable of lending at 12.5% or 15% instead of pairing it to the lending rate of the banks. EDAIF can also manage the on-lending rate regime, so that the private sector can be assured of adequacy and availability of funds at a flexible and lower interest rate, he said.

26, 2013, 12:12 p.m. EDT 10 most popular finance stocks among hedge funds LEARN MORE New, improved Portfolio coming soon! We are partnering with LikeAssests to bring a powerful investment tracking platform to MarketWatch. This new Portfolio will enable you to sync and view all of your investment accounts integrated with MarketWatch's breaking news and analysis, and provide you with more tools to manage your positions.

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German finance minister: future aid to Greece will be much smaller than existing bailout deals

Protesters from a coalition of groups demonstrate the conviction of Wikileaker Bradley Manning late August 21, 2013 in front of the White House in Washington, DC. A US military judge sentenced Army Pfc. Bradley Manning to 35 years in prison August 21, 2013 for leaking hundreds of thousands of classified documents to the anti-secrecy group WikiLeaks AFP PHOTO/Paul J. RichardsPAUL J. RICHARDS/AFP/Getty Images Asked where the money for a further Greek aid package would come from, Schaeuble said that hasnt been decided but noted that the eurozones rescue fund, the European Stability Mechanism, is far from exhausted. Germanys opposition has seized on Schaeubles comments about Greece to attack the governments credibility ahead of Sept. 22 elections. But officials are insisting the minister was really saying nothing new, noting that they have long said more aid was likely. Schaeuble said it was nonsense to assert that he was hiding anything.

shri chidambaram india finance minister All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer . Morningstar: 2013 Morningstar, Inc. All Rights Reserved.

Morocco names new interim finance minister

A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit.AFP/File RABAT (AFP) A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit. Aziz Akhennouch, a technocrat in his 50s who headed the ministry of agriculture and fisheries in the two previous governments, was appointed to the key cabinet post, the official MAP news agency reported. He replaces Nizar Baraka, whose Istiqlal party withdrew from the ruling coalition in July after strongly criticising the Islamist Party of Justice and Development (PJD) for failing to shore up the economy and solve pressing social problems. Morocco's government has been hamstrung since May when Istiqlal first announced its intention to withdraw from the PJD-led coalition, which won the largest share of votes in parliamentary elections two years ago. Prime Minister Abdelilah Benkirane has been negotiating in recent weeks with the National Rally of Independents party, to which Akhennouch formerly belonged, to form a new cabinet and avoid early elections.

August 25 2013

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12 Personal Finance Lessons, Broken Down, In Woody Allen's 'Blue Jasmine'

Theyre on their way to pick out an engagement ring at Shreve & Co., thetony San Francisco jewelers,when the truth surfaces through an improbable and unfortunate turn of events. What are you delusional? Dwight asks when reality comes crashing down. Didnt you think I would eventually find out? They abruptly part ways. 12. Make sure you have health insurance.

Al Khawarizimi College offers bachelor degree in Islamic banking and finance

A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit.AFP/File RABAT (AFP) A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit. Aziz Akhennouch, a technocrat in his 50s who headed the ministry of agriculture and fisheries in the two previous governments, was appointed to the key cabinet post, the official MAP news agency reported. He replaces Nizar Baraka, whose Istiqlal party withdrew from the ruling coalition in July after strongly criticising the Islamist Party of Justice and Development (PJD) for failing to shore up the economy and solve pressing social problems. Morocco's government has been hamstrung since May when Istiqlal first announced its intention to withdraw from the PJD-led coalition, which won the largest share of votes in parliamentary elections two years ago.

Morocco names new interim finance minister

Most of our graduates have found work placements rapidly at Islamic banks and regular banks, as well as Islamic insurance companies and Islamic investment companies, he added. Al Mansour also said that they rarely come across a case where a graduate faces difficulty in finding employment opportunities. In line with the UAEs goals to make the country a global capital for the Islamic industry, economy and finance, KIC is also planning to offer more higher education programmes in Islamic economics such as Islamic hospitality and Islamic insurance. We believe that while Islamic finance has garnered all the headlines for the past several decades, there is a growing desire for other products and services to be delivered to Muslim clients in a holistic Sharia-compliant manner, said Neil Miller, the global head of Islamic finance at KIC. We have already seen evidence of this in the form of hotels which do not serve alcohol and provide facilities for Muslim families.

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Consumer Finance Company Coming Soon to Cleveland, OH

India's finance minister tries to stem panic

shri chidambaram india finance minister There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. Visit our website at http://www.titlemax.com/careers for outstanding career opportunities. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections.

The Role of Finance May Be Changing, But the Route to the Top Remains the Same

All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones & Company, Inc.

India central bank allows non-bank Islamic finance firm

The members of this organization are the elite of their profession and certainly do some excellent work reviewing and advising on various impending regulation and the like. But after 20 years of hearing that the role of finance is shifting towards helping develop strategy and increasing partnering with the business, one would have thought that the qualifications, career paths, and origins of these finance leaders would have begun to show some signs of change. Specifically I for one would have anticipated an increase in the proportion of them holding a qualification of the Chartered Institute of Management Accountants and a decrease in the proportion holding a qualification awarded by the Institute of Chartered Accountants of England and Wales. However, the available evidence suggests that if anything the reverse has happened, (see table). While 80% of FTSE Financial Directors continue to hold one or more accounting qualifications (and many of those that dont have an MBA or some other higher qualification typically relevant to their industry), it is evident that most still hold a qualification from one of the two bodies that are more orientated towards financial accounting rather than those that are more focused on management accounting.

German finance minister sees signs ECB will raise rates

This prompted an ongoing legal challenge by AICL. "The grant of an NBFC licence should have an impact on the AICL proceedings and there are good chances that the matter may get settled soon," said Suprio Bose, Mumbai-based lawyer at Juris Corp, a law firm which previously represented AICL. "The event reflects a significant and welcome change in RBI's attitude towards sharia-based NBFCs and sets a precedent for others to follow suit." However, many analysts think that unless and until full-fledged Islamic banks are permitted in India, an Islamic finance sector will find it hard to develop. "I don't think there is going to be a rush for NBFC applications.

That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this 'forward guidance' on the inflation outlook remaining subdued, and growth weak. "The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi said after the ECB's August 1 meeting.

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In personal finance, nobody's perfect

German finance minister sees signs ECB will raise rates

How do I keep myself positively motivated? Trent Hamm The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds we just want simple ways to manage our finances and save a little money. Recent posts The Christian Science Monitor Weekly Digital Edition Over a long period of time, it all presents a very positive picture. When I read through my old articles, in fact, I keep thinking to myself, Wow, I wish I was as strong at personal finance as that guy! The reality is that I fail at personal finance things, more often than I like.

"The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this 'forward guidance' on the inflation outlook remaining subdued, and growth weak. "The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi said after the ECB's August 1 meeting.

The Finance Co. To Recover Sussex College Investment

Sussex is understood to have suggested a payback period of up to 20 years with a nominal interest component. This contrasts with the fact that TFC are paying their depositors on average a rate of 12% over the past five years making their funding of Sussex College an extremely expensive proposition something which Sunil Jayatissa appears not to be aware of. Sunil Jayatissas apparent inability to settle amicably with TFC may well jeopardise the operation of Sussex Colleges network of schools. According to their own website, they currently operate twenty schools in eight provinces covering fifteen districts. The stated break-even point for Sussexs operation is to have 7,000 students in 20 schools.

August 24 2013

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In personal finance, nobody's perfect

When I read through my old articles, in fact, I keep thinking to myself, Wow, I wish I was as strong at personal finance as that guy! The reality is that I fail at personal finance things, more often than I like. RECOMMENDED: Can you manage your money? A personal finance quiz. For example, my biggest temptation and spending failure is books. I still have a strong desire to purchase books, often as fast (or faster) than I can read them.

German finance minister sees signs ECB will raise rates

While the dollar supplied by the banks would add to RBI's forex reserves , the arrangement would entail RBI bearing the exchange rate risk and offering a cheaper hedging arrangement than what banks have to otherwise pay if they cover the exchange fluctuation risk in the open market. "This would be attractive for banks which can use the money to buy government bonds and lend. Also, their overseas branches can offer leverage to NRI clients," said a treasurer with an MNC bank. The FCNR (A) scheme allowed banks to park foreign currency deposits with the RBI in return of equivalent rupee deposits. A variant of this today could be in the form of RBI agreeing to subsidise the hedging cost by offering a rate that's less than the forward premium in the market.

Finance Ministry all ears as banks line up plans to boost forex inflows

Credit: Reuters/John Kolesidis BERLIN | Fri Aug 23, 2013 2:50am EDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect. "Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time.

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