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The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling its accounts receivables in order to finance working capital, following weak results for 2003-04. The maker of karaoke systems for...
#capital requirements#management#receivables
Hairmax International, a beauty products group, is seeking to partner or invest with a company that provides financial services to…
Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…
#compliance#insurance#Paid
Three pastors and a church employee have joined a growing list of inland investors looking to the courts to recoup…
Approximately 110 public companies will file for bankruptcy in 2004, substantially fewer than in any of the past six years,…
#bonds#interest rates#international
The risk of bad debt is an inevitable fact of business life; however, the impact of a major irrecoverable loss,…
#Atradius#insolvency#invoice
A new asset-based lending firm has been founded by long-term Dallas lenders James E. Casper, Michael D. Haddad and Jim…
An executive of National Century Financial Enterprises Inc. will spend four years in jail for her role in the alleged…
A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…
Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer,…
#bank#Bank of America#banks
GMAC Commercial Finance’s (GMAC CF’s) Retail Finance Group announced the closing of a US$10 million fully-secured revolving credit facility to…
#banks#commercial finance#financial services
Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…
#bank#factoring fraud#international
EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to…
#acquisition#business finance#interest