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CIT Group’s IPO Raises Disappointing US$4.6 Billion

Tyco International Ltd. raised a disappointing US$4.6 billion in the initial public offering for its finance unit, CIT Group Inc., yesterday afternoon. Two hundred million shares sold for US$23 each, below the planned range of US$25 to US$29 per share....

#CIT#international#investment

US Funding Corporation Denies Charge of Defrauding Investors

US Funding Corporation, a factoring company based in Hackensack, New Jersey, defended itself on Tuesday against accusations of fraud made…

#funding#SEC#trade


BCR Prague Programme to be Released Next Week

BCR Publishing is finalising the details for its second Europe-based Receivables Finance International Conference; an information-packed two-day event for senior…

#BCR Publishing#conference#international


Revised Stamp Duty Regime Will Not Apply to Transfer...

Last week the Chancellor of the Exchequer, Gordon Brown, announced a package of measures to tackle current avoidance of stamp…

#assignment#Bill#bonds


Setback for US Service Sector

US service-sector activity suffered a minor setback last month but is still close to a 15-month high. The Institute for…

#i#management#Two


Index Highlights Market Deterioration for SMEs

According to the latest SME Index from Zurich UK Commercial, a staggering 80% of small businesses say their markets are…

#late payment#small businesses#smes


Two new presenters to join Receivables Finance International Asia-Pacific...

DR ZHOU JINFENG is Chairman of Midwest Group and Principal of Midwest Guaranty Limited, China. With its recently obtained license,…

#CIT#international#receivables


US Economy Emerging From Recession?

The Institute for Supply Management (formerly the National Association of Purchasing Management) has announced that its index of factory activity…

#economy#management#recession


Shares in Thai Finance Firm Oversubscribed Almost Five-Fold on...

New shares of Aeon Thana Sinsap (Thailand) PLC, a Thai finance firm offering purchase loans, credit cards, personal loans and…

#ABN AMRO#corporate finance#Two


PMI Climbs, but Manufacturing Recession Persists

Although remaining well below the critical no change level of 50.0 in October, the latest seasonally-adjusted Purchasing Managers’ Index (PMI…

#economy#investment#recession


Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…

#MAN#Two#WHO


Joint Venture of Banco de Chile and BCI to...

Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is…

#electronic factoring#investment#Produce

Aston Rothbury on Course for Projected 100% Profit Increase...

Managing Director, Ian Clark, discusses company performance and future plans The Brentwood-based company Aston Rothbury Factors Limited has recorded turnover…

#BCR Publishing#business finance#Produce

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