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Technology giant Yahoo! said it has raised about $1.23 billion through sale of its securities and the proceeds would be utilised for strategic transactions, and working capital needs, among others. Last month, the US-based firm had proposed to offer
Comments The truth is that many SME owners often rely on borrowing from friends or family to keep their businesses afloat in the first few months of operation, but this is not a sustainable way to run a business. Securing sources of working capital
Tachikawa Forest Products (NZ), the owner of the Rotorua sawmill tipped into receivership last week, was in breach of its banking covenants for the past two years, and had its 2012 accounts tagged by auditors over a working capital deficit.
October 7, 2013 Swift Capital , a small business working capital provider, announced a first-of-its-kind working capital solution that eliminates all paperwork, including monthly bank account and/or credit card processing statements. A breakthrough
The cost of power increased yesterday, but the Guam Power Authority anticipates no other increases or changes until next February, when fuel-cost adjustments are considered. Power bills yesterday increased by about 1.9 percent for the average
Piti Tantakasem, chief wholesale banking officer of TMB Bank, said last week that those corporations would likely seek term loans to help finance long-term investment. TMB recently joined Tisco Bank to syndicate a Bt4-billion construction loan for
The upgrade reflects BC Sen's better-than-expected financial performance in Financial Year 2013 (year end March) with revenue growth of 27.2 percent Year Over Year (Y-O-Y) to Rs 2,284 millions (FY11: Rs.1,730 million) based on provisional financials.
Oman Development Bank ( ODB ) is all set to play a crucial role in the small and medium enterprise (SME) sector by launching an innovative loan scheme for working capital aimed at SMEs. Through this, ODB underscores its commitment to SMEs, in line
Ryan is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. Many investors know the story of Eastman Kodak . The company was once a darling of the stock market. In the '70s
NewsApp NewsApp (Free) Read news as it happens Available on Rediff News All News In an environment of stagnant revenue and falling profitability, cash flows can only be improved by cutting cost, though this could upset growth prospects, notes