AT&T Helps PSCU Financial Services Link St. Petersburg Headquarters with Arizona Data Center (Business Wire via Yahoo! Finance)
Advantages of credit trade Usually results in more customers than cash trade Can charge more for goods to cover the risk of bad debt Gain goodwill and loyalty of customers People can buy goods and pay for them at a later date. Farmers can buy seeds and implements, and pay for them only after the harvest. Stimulates agricultural and industrial production and commerce.
AT&T Helps PSCU Financial Services Link St. Petersburg Headquarters with Arizona Data Center (Business Wire via Yahoo! Finance)
ST. PETERSBURG, Fla.----AT&T Inc. has announced a contract with PSCU Financial Services to provide communications equipment and services to enhance the reach and reliability of the leading credit union service organization's network services.
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Wells Fargo Elder Services-Combines Life and Asset Management Services (The Daily Dispatch)
TUCSON, Oct. 1, 2007 - Wells Fargo is bringing its Elder Services program - a unique set of financial, personal and life management services to help elderly clients - to Tucson and Greater Arizona.
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The Minister for Finance Brian Cowen says it is now clear that the financial position will be very tight for the Budget. (RTÉ News)
(17:40) The euro has surged beyond $1.43 for the first time, lifted by the prospect of lower US interest rates. (17:08) The Financial Services Ombudsman has highlighted the issue of elderly people being sold unsuitable products.
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Seniors armed against scammers (The Troy Record)
COLONIE - Financial abuse and exploitation are among the fastest growing forms of elder abuse nationwide, said Lauren Velazquez, project coordinator of the state University at Albany Center for Excellence in Aging Services.
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SPECIAL EVENT (DAYTONA) - NASCAR Nationwide Series Logo Unveiled (The Auto Channel)
The National Association for Stock Car Auto Racing (NASCAR) and Nationwide Insurance today unveiled the logo for the NASCAR Nationwide Series.
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CFSI Announces Nationwide Segmentation Study of Underbanked Consumers (Business Wire via Yahoo! Finance)
CHICAGO----The Center for Financial Services Innovation announced today the initiation of the first comprehensive, authoritative national segmentation study of the underbanked market.
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PNC beats earnings expectations; CEO Rohr honored (Pittsburgh Post-Gazette)
PNC Financial Services Group, Pittsburgh's largest bank, reported today that its third-quarter income fell versus the year-ago quarter, which had a $1.3 billion one-time gain from the sale of a stake in money manager BlackRock Inc. But its performance still exceeded analysts' expectations amid a nationwide credit crunch pinching banks around the country.
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GMAC Announces 3,000 Job Cuts (KWWL Iowa)
Market troubles force a major mortgage company to cut thousands of jobs nationwide and in eastern Iowa. GMAC Financial Services will cut 3,000 jobs, or 25% of its workforce. Locally, the cuts mean ten layoffs at GMAC's Waterloo operations. Right now, 780 people work there.
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NeoMedia Appoints Frank Pazera as Chief Financial Officer (Marketwire via Yahoo! Finance)
NeoMedia Technologies announced today that it has appointed Frank Pazera, Partner with Tatum, LLC, as Chief Financial Officer. Mr. Pazera, 46, replaces Scott Womble who has served as the company's interim Chief Financial Officer and will remain with the Company as Chief Accounting Officer.
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Complete Financial Solutions Enters into a Definitive Agreement to Purchase a Federally Chartered Bank (Business Wire via Yahoo! Finance)
SPOKANE, Wash.----Complete Financial Solutions, Inc. , a nationwide financial services company, announced today that it had reached definitive agreement with the shareholders of a Federally Chartered Bank holding company to acquire 100% of its issued and outstanding stock.
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AT&T Helps PSCU Financial Services Link St. Petersburg Headquarters with Arizona Data Center (Business Wire via Yahoo! Finance)
A specific example of corporate finance is the sale of stock by a company to institutional investors like investment banks, who in turn generally sell it to the public. The stock gives whoever owns it part ownership in that company. If you buy one share of XYZ Inc, and they have 100 shares outstanding (held by investors), you are 1/100 owner of that company. Of course, in return for the stock, the company receives cash, which it uses to expand its business in a process called "equity financing". Equity financing mixed with the sale of bonds (or any other debt financing) is called the company's capital structure.
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