Monthly Archives: August 2013

The Windows 8 Finance App Gets New Improvements

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

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.

consumer lending business of its finance arm with an initial public offering of stock that could come early next year, according to The Wall Street Journal. The newspaper also said Friday that the Fairfield, Conn., conglomerate is considering smaller spinoffs or asset sales, but it has started preliminary work on the IPO. The paper cited unnamed sources familiar with the matter. More business news The lesson of Lehman: Be prepared for the unexpected.

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Compton’s first Latino lawmaker finally submits finance forms

<img src='http://www.trbimg.com/img-521e7774/turbine/la-me-ln-document-isaac-galvan-campaign-filings-sl/187/187×105&#039; width='220px' alt='Document: Isaac Galvan campaign filings’ style=’float:left;padding:5px’ />

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.

India finance minister asks banks to ensure credit flow to industry

Alan Silvia, D-Fall River, over some egregious campaign finance violations involving his 2012 campaign for the 7th Bristol District seat. Its the second time that Silvias been fined by OCPF for campaign finance law violations since he was elected in 2012. In February, Silvia paid a $400 fine for using a public employee, Fall River Planning Board member Ernest Edwards, as his campaign treasurer. Edwards paid a $100 fine for the violation. While Silvia said he did not know Edwards role on the planning board disqualified him from serving as treasurer, when in doubt its best to find out.

Finance Ministry sends letters to indirect tax defaulters

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) Explore Related Content

OUR VIEW: Campaign finance laws need teeth

The letters are being issued by two lead intelligence agencies under the Finance Ministry–Directorate General of Central Excise Intelligence (DGCEI) and Directorate General of Revenue Intelligence (DGRI)– and Commissionerates of Service Tax and Central Excise, spread across the country, officials said. The DGCEI is sending the letters to service tax and excise duty defaulters and the DGRI is issuing these correspondences to suspected customs duty evaders, they said. The letters are being sent to an entity or an individual to seek clarification on a financial transaction, red flagged by economic intelligence agencies as black money or seen as an attempt to dodge authorities from paying taxes, carried out by them, they said. The number of letters issued to the entities were not immediately known.

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.

Finance Ministry sends letters to indirect tax defaulters

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The numbers of letters issued to the entities were not immediately known. 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 assesses in the country to ensure that there is no evasion towards the indirect tax collection kitty. There are 1.2 lakh excise duty assesses across the country.

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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. Chicago Mercantile Association.

India’s finance minister tries to stem panic

shri chidambaram india finance minister

Wisebread also reviews cards based on their various categories, so they have guides to choosing the best travel rewards cards, 0% balance transfer cards, best cards for groceries, and the best cards for receiving cash back. Hidden behind catchy titles, like Your Sleeping Position May Be Hurting You and Investment Secrets of the Rich and Famous, is some really useful, outside-of-the-box information. Definitely worth checking out. Consumerist is a great resource for practical information and personal finance news.

Compton’s first Latino lawmaker finally submits finance forms

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

(Bob Chamberlin / Los Angeles Times / July 2, 2013) Also By Angel Jennings and Abby Sewell August 27, 2013, 7:28 p.m. 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.

<img src='http://www.trbimg.com/img-521e7774/turbine/la-me-ln-document-isaac-galvan-campaign-filings-sl/187/187×105&#039; width='220px' alt='Document: Isaac Galvan campaign filings’ style=’float:left;padding:5px’ />

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.

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

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. Craig brings an impressive background in designing and deploying new models for predictive analytics. His expertise will be a great complement to our already strong team and will help us continue to innovate and refine our products to better serve our customers, said Ken Rees, Chief Executive Officer, Think Finance. We are thrilled to welcome Craig to the company. Prior to joining Think Finance, Mr. Nies served as Vice President and Global Head of Software Development at Opera Solutions, where he engineered a Big Data analytics platform that streamlined the development and deployment of predictive analytics and machine learning across a variety of domains.

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

Among financing options the company could tap the sukuk or non-Shariah-compliant bond market early next year, he said. Emirates last sold $1 billion of Islamic bonds in March, before speculation that the U.S. Federal Reserve will reduce its bond purchasing program prompted an emerging-market debt selloff and sent yields higher . The state-owned airline is undergoing a period of rapid growth as its home base Dubai recovers from the 2008 global financial crisis.

Think Finance Hires Craig A. Nies as Chief Analytics Officer

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

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

Federal Reserve will reduce its bond purchasing program prompted an emerging-market debt selloff and sent yields higher . 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.

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

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. stock markets.

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.

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

“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. “You can see if you look at the rates for sovereign debts they are stable.

Market Chatter-Corporate finance press digest

history a behind those of Bernie Madoff and R. Allen Stanford . Palm Beach Finance was a set of investor funds that invested in Pettersa business operations. Petters created the illusion of massive deals in financing consumer electronic merchandise transactions, but most of the invoices were faked. Palm Beach Finance is currently run by a court-appointed trustee, Barry Mukamal of Marcum, who is represented by Miami-based Meland Russin & Budwick .

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

With an apparent fix of the technical error on the way, the real issue for credit unions is the original tax hike, said Rogers. “The federal budget introduced a tax change that was a total surprise, and we were blindsided by that,” he said, estimating the measure would cost credit unions $28 million annually. Credit unions and caisses populaires consider themselves small businesses, with higher operating costs because they can’t achieve the same economies of scale as the larger financial institutions. “We hope to convince (the government) that the words in the budget document that said this tax increase on credit unions would restore neutrality and fairness probably doesn’t achieve that goal,” he said.

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

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.

government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia’s second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd’s Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company’s expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.

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

“Minister Flaherty has committed to fix it as soon as possible and ensure no credit union is disadvantaged by this technical issue,” Chisholm Pothier said in an email. “We intend to deal with this through legislation this fall.” The government says the original change was designed to improve the fairness of the tax system by eliminating a preferential tax rate paid by some financial institutions. The intended move was an increase in the tax rate paid by most credit unions and caisses populaires, to 15 per cent on income in excess of the small business limit, from a federal rate of 11 per cent. But Deloitte says the technical error in the legislation unless altered would instead subject them to a federal tax rate nearly double that.

Market Chatter-Corporate finance press digest

government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia’s second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd’s Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company’s expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.

Finance Funding Australia Offering Free Insurance Consultations

We can help with warranties and roadside assistance cover, too. We have great connections with finance companies and are associated with Lowe Financial Group. We absolutely recommend people occasionally obtain quotes to ensure theyre getting the best rate and have the best coverage possible. Finance Funding Offers Insurance, Too Finance Funding offers consumer credit insurance, equity plus insurance (gap), cash benefit insurance, car insurance, roadside assistance insurance, and warranty so that those who use Finance Funding to fund their car loan on a used vehicle, or those whose warranty has recently become void due to age of the vehicle can have peace of mind. Finance Funding Provides Australians with Loan and Financial Information on their Blog Ms. 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.