New At The Top: Mark Serway’s Road To A Job As Chief Financial Officer At Reston’s Govplace

A Portuguese firefighter works to extinguish a wildfire near Caramulo, north Portugal, Thursday, Aug. 29, 2013. Portuguese officials said a woman firefighter died in a forest blaze, becoming the fifth fatality among emergency crews in a month as summer wildfires scorch large areas of parched countryside. (AP Photo/Francisco Seco)

I wasnt a typical finance person that grew up in the accounting world. I was an I.T. guy that got converted. In many ways, that distinguished me. My fellow finance people would rely on systems people giving them the data, whereas I was able to interpret it myself.

California GOP violated campaign finance rules, watchdog says

Ho / Los Angeles Times / June 16, 2011) By Patrick McGreevy August 30, 2013, 8:16 a.m. SACRAMENTO — The California Republican Party violated state campaign finance rules by failing to properly disclose its contributions last year to a campaign against newly drawn state Senate districts, the states ethics agency has concluded. In all, the state GOP provided $1.9 million in contributions, in-kind services and loans to the group Fairness and Accountability in Redistricting (FAIR), which qualified a ballot measure to overturn the new state Senate redistricting maps. After the Supreme Court found the maps were properly drawn, FAIR dropped its opposition to the redistricting plan.

Finance Ministry warns wilful defaulter again, asks banks to nail them

“There was a complete unanimity on how wilful defaulters are going to be treated. At today’s meeting, I have also communicated that message which I think is very important that absolutely no consideration will be shown to wilful defaulters,” Financial Services Secretary Rajiv Takru told reporters after a meeting with top bankers here this evening. He said banks have been advised to cut down their net non-performing assets (NPAs) and so wilful defaulters must be dealt as firmly, correctly and expeditiously as possible. Takru had earlier this month gave a stern warning to wilful defaulters and told them that they should be prepared to cede management control of their companies as they are putting public’s money at stake.

India Finance Minister Asks Banks To Ensure Credit Flow To Industry

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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. (Reporting by Manoj Kumar; Editing by Sunil Nair) Tweet this

Finance Sat, Aug 31, 2013, 12:47 PM EDT – U.S. Markets closed The Best Personal Finance Blogs That You Should Be Reading By Sarah W. Caron | Manilla.com Wed, Aug 28, 2013 8:50 AM EDT Get Rich Slowly With many authors giving common sense advice on personal finances, you could easily lose a few hours reading through the archives. Thats how interesting the blog Get Rich Slowly is. Its definitely worth checking out, bookmarking and checking in on regularly.

Think Finance Hires Craig A. Nies as Chief Analytics Officer

About Think Finance Think Finance develops online financial products that bridge the gap between payday loans and credit cards. Using our technology and analytics platform, Think Finance and the lenders we work with have provided over $3.5 billion in credit to 1.5 million consumers in the U.S. and abroad and have saved customers over $1 billion compared to payday loans. Think Finance is privately held and is backed by some of Silicon Valley’s most respected venture capital firms including Sequoia Capital and Technology Crossover Ventures. The company was recently named No.

Compton’s first Latino lawmaker finally submits finance forms

Finance minister asks banks to ensure credit flow to industry

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. In a separate case, he was convicted on two misdemeanor counts of sending out misleading campaign fliers. Compton’s Latino residents have been trying for decades to get a Latino candidate elected to city office.

<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’ />

Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. 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 11% would appear considerably attractive if that yield is sustainable.

Fifth Street Finance (FSC) Passes Through 11% Yield Mark

Thats how interesting the blog Get Rich Slowly is. Its definitely worth checking out, bookmarking and checking in on regularly. The Manilla Folder The Manilla Folder offers a wealth of advice on all sorts of personal finance topics, from saving and budgeting, to credit and debt, to taxes and investing, and more. In addition to covering money management topics, we also cover productivity and lifestyle topics, including home organization, time management, career development, health and fitness, parenting and family, green ideas, frugal living, DIY, and more.

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

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

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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.

Country Finance Director

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

Merlins work in CAR is continuously adapting to the situation on the ground and recent developments have led the organisation to focus its activities in Nana Mambere prefecture, in the west of the country. Merlin started a programme in August 2008 in Bouar and its surroundings supporting 3 health centres, and in 2012, incorporated a community Case Management project in 40 sites in Bouar and Baoro sub-prefectures. Merlin will scale up in this region in the beginning of 2013, continuing its work on primary health care and nutrition programme. In 2010, Merlin established mobile clinics in Mongoumba (South Western CAR), in response to the influx of refugees from North-western DRC.

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.

Market Chatter-Corporate finance press digest

* Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp’s market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm’s stake in their U.S. wireless joint venture, the Wall Street Journal said, a deal that is expected to cost Verizon more than $100 billion.

Think Finance Hires Craig A. Nies as Chief Analytics Officer

Nies graduated with a Bachelor of Science in Computer Science from the University of California San Diego. About Think Finance Think Finance develops online financial products that bridge the gap between payday loans and credit cards. Using our technology and analytics platform, Think Finance and the lenders we work with have provided over $3.5 billion in credit to 1.5 million consumers in the U.S. and abroad and have saved customers over $1 billion compared to payday loans. Think Finance is privately held and is backed by some of Silicon Valley’s most respected venture capital firms including Sequoia Capital and Technology Crossover Ventures.

Market Chatter-Corporate finance press digest

* A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe’s biggest property deals this year, a source close to the negotiations told Reuters. * Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp’s market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm’s stake in their U.S. wireless joint venture, the Wall Street Journal said, a deal that is expected to cost Verizon more than $100 billion.

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

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.

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

Cash raised for next year will finance the delivery of 21 aircraft including 10 Airbus SAS A380s, nine Boeing Co. 777-300 ER and two Boeing 777 freighters, Jeffery said. Emirates is established as a major global carrier, serving 134 destinations in 76 countries. Its fleet of Airbus A380 double-deckers has turned Dubai into an international aviation crossroads, stripping business from veteran carriers such as Air France-KLM Group and Deutsche Lufthansa AG of Germany .

India’s finance minister tries to stem panic

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

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shri chidambaram india finance minister

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.

India’s finance minister tries to stem panic

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

“We believe that the rupee is undervalued and has overshot what is generally believed to be a reasonable and appropriate level,” he said, according to a written statement. “Capital inflows will, in due course, correct the position.” India has been caught up in an emerging markets sell-off , triggered by talk of tighter U.S. monetary policy . But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation’s tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India’s current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013.

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Of the 25 aircraft, financing for 21 has been arranged. Emirates is now evaluating offers for the remaining four aircraft for U.S. and European export credits, Jeffery said. The availability of funding generally, and the factors that influence that, are what keep me awake, said Jeffery.

Finance committee to debate library, ferry funding

Jacksonville Journey is an anti-crime initiative that is currently trying to make the city safer in the wake of a violent summer. Mayor Brown’s budget has a $64 million shortfall without pension reform. The city council recently voted down the mayor’s latest reform package. A budget deal must be in place by October 1. Budget hearings are also scheduled for 9 a.m.

shri chidambaram india finance minister

This is a great site for those who want to live more frugally and educate themselves on personal finance. Wisebread From quick tips, to find frugal shorts, to useful financial life hacks, Wisebread has a little of everything and its fun. 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.

Consumer Finance Company Coming Soon to Youngstown, OH

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

Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan. There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past five years and plans to maintain that rate of growth for the next several years. aWe are excited to bring our services to Youngstown and look forward to adding outstanding General Managers to our team,a said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance.

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

aThe court finds that the plaintiff sufficiently alleges the elements of a claim for civil conspiracy to commit fraud,a Hyman wrote in his 60-page order. Hyman dismissed eight other counts in the case, but the civil conspiracy claim is a key part of the suit. Petters, of Minneapolis, is serving 50 years in prison for running the third-largest Ponzi scheme in U.S. history a behind those of Bernie Madoff and R.

Oxford Finance Provides $5.5 Million Revolving Line of Credit to PrimeSource Healthcare Systems, Inc.

The carriers ability to raise funds proves it has no need for a credit rating , Jeffery said. Emirates boasts a fleet of 201 aircraft and has 192 on order worth more than $71 billion at list prices, according to the airlines fact sheet. Jeffery said he is not too concerned that runway repairs at Dubai International Airport starting May 2014 would affect the airlines financing capabilities, and said it is being dealt with at the commercial and operational level. Meanwhile Emirates has no plans for an IPO, as far as Jeffery is aware. The decision rests with the Dubai government, the airlines owners, he said.

You are more likely to see inappropriate comments before our staff does, so we ask that you click the “Report Abuse” link to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com . Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective.

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

Finance Ministry Accused of Ignoring Education Sector

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 .

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

India has had a rough few weeks, with the rupee falling to a historic low and equity markets tumbling by 11% as investors pull their money out of the country. In a press conference Friday, Finance Minister P. Chidambaram tried to restore confidence even as he acknowledged that the country was facing a challenging time. “We believe that the rupee is undervalued and has overshot what is generally believed to be a reasonable and appropriate level,” he said, according to a written statement. “Capital inflows will, in due course, correct the position.” India has been caught up in an emerging markets sell-off , triggered by talk of tighter U.S.

Do not say that we can do this when our GDP [gross domestic product] spending is just 1.8 percent, he said, referring to the contribution to the education sector as a percentage of gross national product. We ask the MEF [Ministry of Economy and Finance]. You need to give us quality input. Its like if you send me on this budget to a restaurant, I can only eat Khmer noodles on the street. If we want to output quality graduates, we need quality input, and that means better trained, better paid teachers. We should be inputting between 4 and 6 percent [of GDP], he said.

India’s finance minister tries to stem panic

shri chidambaram india finance minister

Liberal finance critic Scott Brison has also written to Flaherty, insisting that legislation be drawn up immediately to halt the tax-rate increase. Brison blamed the error on the Conservative government’s penchant for incorporating multiple changes in law in its omnibus budget bills. “I have no doubt that such a mistake is the natural consequence of denying Parliament its proper oversight function and ramming omnibus legislation through both Houses,” Brison said in his letter. A spokesman for Flaherty said tax professionals made the minister aware of the technical glitch earlier in the summer. “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.

Revolutionary Concepts, Inc. Projects Millions in Profits Through Its Subsidiary Greenwood Finance Group, LLC

“After providing for the Food Security Bill, we will remain within the limit I have set for myself in the Budget,” Finance Minister P Chidambaram told reporters at a press conference in the capital. The scheme will add 25% to the existing 900-billion-rupee or 90,000 crore food subsidy bill. The government has budgeted an additional 230 billion rupees annually for the programme on top of the existing 900-billion-rupee food subsidy bill. Mr Chidambaram, who has been seeking to reassure investors about India’s finances, reiterated that a budget deficit of 4.8 percent of gross domestic product remained a “red line” that would not be crossed this year.

Wells Fargo Capital Finance Announces Two Promotions

Solomon RC Ali, Sr. VP Finance said, “We are very pleased with the direction Greenwood Finance Group has taken in overhauling its branding and sales process. The addition of key account personnel and sales management software has had an immediate impact expanding the client base and facilitating new investment opportunities. When we factor Greenwood’s notes receivable as well as revenue generated by recent investments, we could be looking at projected earnings just under 3 million dollars by year end. While Revolutionary Concepts continues its negotiations involving the patent licensing, Greenwood’s numbers will provide a huge boost to the bottom line and a component in establishing shareholder confidence.” About Revolutionary Concepts, Inc.

LONDON (CNNMoney) India’s finance minister is trying hard to restore calm to the country’s financial markets. India has had a rough few weeks, with the rupee falling to a historic low and equity markets tumbling by 11% as investors pull their money out of the country. In a press conference Friday, Finance Minister P. Chidambaram tried to restore confidence even as he acknowledged that the country was facing a challenging time. “We believe that the rupee is undervalued and has overshot what is generally believed to be a reasonable and appropriate level,” he said, according to a written statement.

India’s finance minister tries to stem panic

shri chidambaram india finance minister

For more information, visit wellsfargocapitalfinance.com. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bankas customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No.