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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, a factoring company based in Hackensack, New Jersey, defended itself on Tuesday against accusations of fraud made…
#funding#SEC#trade
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
Last week the Chancellor of the Exchequer, Gordon Brown, announced a package of measures to tackle current avoidance of stamp…
#assignment#Bill#bonds
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
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
DR ZHOU JINFENG is Chairman of Midwest Group and Principal of Midwest Guaranty Limited, China. With its recently obtained license,…
#CIT#international#receivables
The Institute for Supply Management (formerly the National Association of Purchasing Management) has announced that its index of factory activity…
#economy#management#recession
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
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
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
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
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