5 Ways Apple Could Spend Its Mountain Of Cash (Instead Of Buybacks)

by admin on October 30th, 2014

filed under Business Loans

With $164 billion in cash and equivalents, Apple has three times the reserves of the United States Treasury. (Approximately $100 billion of this lies in overseas accounts, much to the US government’s chagrin.)

On Thursday, activist investor Carl Icahn wrote an open letter to CEO Tim Cook urging for a stock buyback. Apple responded publicly, though in a boilerplate and seemingly uninterested manner, saying that it is always glad to “hear from its shareholders.” Icahn owns some 53 million Apple shares.

But this doesn’t change the fact that Apple is sitting on gobs of cash. Given its propensity for creating innovation and design, Cupertino could rapidly accelerate...

Bankruptcy And Your Credit Score

by admin on October 29th, 2014

filed under Secured Credit

Typically, a secured credit card will allow you a limit of $500 to $5,000, she says. Use the card carefully, paying it on time every month, to prove you’re able to handle it responsibly. “Keep the balance low and pay it in full,” she advises. “The worst thing you can do, though, is to just pay the minimum because it means you’re just back in debt again!”

While members of the military can access lower-rate secured cards, others need to be very careful, she warns, as predatory lenders abound in this category; she offers a list of recommended secured credit cards on her website, beverlyharzog.com.

Harzog advises carefully timing when you pay bills...

Alpha Natural extends secured credit facility and establishes new accounts …

by admin on October 29th, 2014

filed under Secured Credit

(Follow @coalguru on Twitter for important updates)

Alpha Natural Resources, Inc, a leading US coal supplier, announced that it has amended and extended its senior secured credit facility and established a new accounts receivable securitization facility, further enhancing the companys long-term financial flexibility.

Mr Frank Wood CFO of Alpha said that The amendment of the senior secured credit facility and the establishment of the new accounts receivable facility solidify our current robust liquidity position while improving our future financial flexibility. These transactions allow us to maintain a liquidity-neutral facility position through June 2016 while extending significant...

Guilty Until Proven Innocent: Law Lets IRS Seize Citizens’ Cash When No Crime …

by admin on October 28th, 2014

filed under Business Loans

Imagine being informed that the Internal Revenue Service has seized your bank account. They don’t accuse you of any crime, they simply acted because your account, used for your small business, has too much money in that was deposited in increments of less than $10,000 – the amount that requires the transaction to be reported to the IRS.

That may sound absurd, but it’s happening across the country.

The New York Times introduces us to Carole Hinders, an Iowa woman who owns a small, cash-only restaurant. Last year she had her checking account, all $33,000 of it, seized by the IRS. Not because she didn’t pay taxes on her business (she did), and not because...

Cash register and cash stolen from Jersey City liquor store, police say

by admin on October 28th, 2014

filed under Business Loans

The Reservoir Deli Liquor store on Tonnelle Avenue in the Jersey City Heights was robbed last night of $1,500 cash and the stores cash register, which police valued at $400.

A man in the store approached the counter last night around 7 pm with a bottle of Bacardi Lemon Rum and a Bank of America credit card and asked the 77-year-old store owner for the price of the rum, according to police reports.

As the store owner turned to check the price, the man, who was dressed in black, started knocking items off the counter, reports said.

The man then snatched the cash register, ran out the store, and jumped into a 4-door silver Volkswagen that sped away from the scene, reports...

Drake — Explodes in Anger … Hurls Thousands in Cash

by admin on October 27th, 2014

filed under Business Loans

Drake threw a whole lot of cash away Sunday … but he wasnt making it rain — the rapper was rushing into a club he had just left in a fury, looking like he was ready for a fight.

Drake was celebrating his birthday at Club Stadium in Washington DC Saturday night/early Sunday … and we dont know why, but Drizzy was carrying what looked like thousands of bucks.

Some people inside the club claimed they saw someone punch a member of Drakes crew … which could have triggered his temper.

Drakes posse was famously involved in a blow-out with Chris Browns crewat WIP. nightclub in 2012, so it wouldnt be the first time.

Someone in Drakes entourage was heads...

Targa Resouces increases senior notes offering to $800 million

by admin on October 27th, 2014

filed under Secured Credit


From seed to $1 billion unicorn, VC-backed companies holding off on next step

by admin on October 27th, 2014

filed under Personal Funding

The numbers of venture-backed companies staying at both the seed stage and $1 billion unicorn stage of development have sharply increased, a pair of reports said Friday.

The Wall Street Journal reported that there were at least 49 US venture-capital-backed companies with a valuation of $1 billion or more going into this week, a sharp increase from the 28 at that valuation level when 2013 ended.

That tops the dot-com peak number of 10 unicorns in 2000.

But the IPO market hasnt seen a similarly big jump in the number of billion-dollar companies going public. The Journal said there have been seven so far this year, including Alibabas record $25 billion IPO last month, about...

Caught On Video: Thief Steals Cash, Gift Cards From Tustin Wedding

by admin on October 26th, 2014

filed under Business Loans

TUSTIN (CBSLA.com) — Authorities Thursday asked for the public’s help in identifying a man they say crashed a wedding this weekend in Orange County and made off with some of the couple’s cash and gift cards.

Surveillance video captured the man entering the Tustin Ranch Golf Club about 4:45 pm Saturday and casing the area near a wedding, Tustin police Lt. Robert Wright said.

A suspect approached a table, which had a number of gifts on it. One of those gifts was a box that contained gift cards, cash, and checks, Wright told KCAL9s Stacey Butler.

As the wedding reception was underway, the lieutenant says the suspect removed his jacket and concealed the box in question....

New Afghan president opens probe into Kabul Bank scam

by admin on October 26th, 2014

filed under Personal Funding

Afghanistan#x2019;s new president has reopened an investigation into the 2010 theft of US$1 billion from Kabul Bank, a lender that had assets including luxury villas on Dubai#x2019;s Palm Jumeirah.

The president, Ashraf Ghani Ahmadzai, ordered the attorney general to start the prosecution of shareholders and others involved in the case within 15 days, the presidential palace in Kabul said.

#x201c;This is a fair measure in the fight against corruption, and we will try to meet the deadlines,#x201d; the Afghan central bank governor, Noorullah Delawari, told Bloomberg News. #x201c;Such serious measures can help recover the rest of the loans.#x201d;

Afghanistan#x2019;s...