| Two Austin companies set IPOs to raise $415 million
Austin investor Steven Hicks, the architect of several fortunes in media businesses, is asking investors for a blank check — about $200 million should do — for his next venture. Hicks' Capstar Acquisition Corp., a so-called blank check company, filed for an initial public stock offering Friday. The company is seeking to raise $230 million and said it would use the net proceeds, expected to be $196 million, to find a business to invest in or acquire. .
Resolve Business Outsourcing Income Fund Reports Record Revenue, EBITDA for 3rd Quarter
TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Attention Business and Financial Editors: Resolve Business Outsourcing Income Fund (TSX:RBO.UN - News) today announced strong third quarter financial results, including record revenue and EBITDA, for the three months ended September 30, 2007. .
The pay-by-phone challenge
Regional and Thai banks already facing forced or voluntary consolidation to gain market share may soon be up against a new and far fiercer competitor in the payments segment: mobile phone operators. ''The telecommunication service providers could be the biggest threat to the banking industry in the near future and this is visible in some markets already,'' said David Rhodes, the senior partner and managing director for Financial service practices for the Boston Consulting Group based in London. Mr Rhodes still believes that the death of bank branches, as predicted by some pundits in the past, will not come to pass. However, he says that the payments-generating business of the banking industry could be at risk from the growing trend toward using mobile handsets to pay for purchases at various points of sale.
GE Money and Thomasville Furniture Industries Extend Consumer Finance Program
GE Money and Thomasville Furniture Industries today announced a multi-year renewal of its consumer financing agreement, originally formed in 2003. The Thomasville credit card program, issued through GE Money's Sales Finance unit, is available through Thomasville stores and gallery locations across the United States. �We have�enjoyed a very successful relationship with GE for the last five years, and the results of our partnership have gone above and beyond our expectations,�� said Brad Cates, vice president of sales and retail development for Thomasville. �Working with GE�allows us to help our customers decorate the homes of their dreams because not only are we able to provide a wide assortment of quality home furnishings, but also a wide range of financing options�through the Thomasville�private label credit card.
Phone scams seek account information
Dear Troubleshooter: I was told to write to you. There is a phone scam going around; I had a third call today and decided to listen and talk to those people. They call themselves by a generic name and are from Florida. In short they ask for your name and how many credit cards you have, if you pay high interest etc. because they are working with hundreds of lenders who are willing to lower the interest. I asked her how she got my phone number and she claimed it was given to her by a lender. I have a credit score of 820; of course she did not know that and I made her think I had problems. I was asked to provide her with my credit card accounts and a bank name and address. That is when I told her she was not legit and she hung up. I have no caller ID, but did try to trace the call. It was not traceable.
(AFX UK Focus) 2007-11-19 22:57 GMT: Treasurys rally anew on credit worries
NEW YORK (AP) - Treasurys rallied sharply Monday, sending the 10-year note closer to the closely watched 4 percent level amid worries that the capital markets will suffer a new bout of serious mortgage-related problems. The latest subprime conerns once more caused investors to seek the safety of government-backed bonds and eschew stocks. Goldman Sachs Group Inc. Monday placed Citigroup Inc. on its "sell" list, and predicted the bank may have to write off $15 billion more in bad assets backed by poor-quality mortgages. In addition, Swiss Re, the world' largest seller of backup insurance to other insurers, reported an $878 million loss related to subprime home loan contagion. The news set off heavy selling of bank and other stocks in Europe and on Wall Street, where the Dow Jones industrial average traded down as much as about 215 points.
McGhee tells in-form Motherwell to turn guile into goals
MARK McGhee has challenged his Motherwell players to turn their enterprising play into goals - starting with today's home match against St Mirren in the Clydesdale Bank Premier League. The Fir Park manager was pleased with his side's performances in their league and cup defeats at the hands of both halves of the Old Firm in the past week. .
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