Despite the known negative consequences of bad financial decisions, a new poll shows Americans are making a wide variety of foolish choices with their money.
The purchase of unnecessary items tops the list of financial flubs made by U.S.
If you’re a business owner and your business has incurred huge amount of high interest debt, you must be looking for some options through which you can put an end to the soaring high interest debt level. When you’re the owner of a business organization, the most important task that you’ve been assigned is to manage the finances of your company so that it doesn’t run out of your control. High interest debt can stop your business’ growth and thereby reduce the generation of profits. However, as there are debt consolidation options, you need not worry about the rising debt level. Have a look at the ways in which you can opt for business debt consolidation and finesse your business finances.
Consolidating through a commercial credit counseling agency: Just as a consumer credit counselor helps you tread the path of a debt free life, a commercial debt counselor will also help a business reduce its business debts and get back on the right financial track. Full Article…
Ann Lurie announces in 2005 her donation of $100 million for a new children’s hospital in Streeterville. (Phil Velasquez/Tribune file / March 28, 2012)
Crain’s Chicago Business reports: Children’s Memorial Hospital is leasing two floors in the old Playboy headquarters in Streeterville. Children’s will move its finance and legal teams and its foundation to the space being vacated by the publisher, which expects to leave April 30. The hospital is moveing from Lincoln Park to a new facility at 225 E. Chicago Ave. in June.
Get the full story: chicagobusiness.com
Iterate! Iterate! Iterate! (I know. That’
Newspaper and website publisher Johnston Press today said it will move the publication date for its full-year financial results while it continues constructive discussions with its lenders.
The London-listed company, which was due to issue its results for 2011 on Tuesday 3 April, has now moved them to Wednesday 25 April.
The group owns The Scotsman newspaper, about 260 local titles throughout the UK and Ireland and websites that together boast some 17.4 million readers each month.
Johnston Press said: “The company has been in constructive discussions with its lenders regarding the extension of its credit facilities for a further three years from their current maturity on 30 September 2012 and will provide a further update to the market as part of the preliminary results announcement.”
The future of Game Group is hanging by a thread after it filed for administration and admitted the business was worthless, jeopardising 6,000 jobs in the UK.
The video game retailer has been trying to negotiate a rescue deal with the private equity firm OpCapita which recently bought electrical goods retailer Comet, but its offer has been blocked by Game’s lenders, led by the Royal Bank of Scotland.
Game shops remain open and a fire sale has started. The company admitted on Wednesday that the business had “no equity value” when its shares were suspended from stock exchange trading.
The company, which runs 1,270 shops, half of them in the UK, and employs 10,000 people worldwide, needs to raise around £180m to stave off collapse.
