Venture Capitalists Remain Optimistic
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn per week.
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn per week.
A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors advance news of important financial information.
There have been unprecedented numbers of mergers and acquisitions in the US factoring industry in the last 12 months, with CIT buying two smaller factors and GMAC's purchase of the Bank of New York.
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the Wall Street Journal.
Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial woes.
MetroCorp Bancshares Inc.