WSFS Bank’s ATM Division, Cash Connect, and Loomis Integrate Ticketing …

Feb 1st, 2015 Posted in Cash Management | No Comments »

WILMINGTON, Del., Jan. 8, 2015 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that its Cash Connect division and Loomis have completed a system integration that will bring added efficiency to the Vault Cash management process. The ticketing systems of both companies now integrate with each other to automatically open tickets and share updates such as estimated times of arrival and closing notes.#xA0;Information on service tickets will be shared between their respective systems, resulting in faster information to the customer and a streamlining of the ticketing process.

This is an exciting development. said...

Bajaj Hindusthan gets nod for debt restructuring

Feb 1st, 2015 Posted in Debt Restructuring | No Comments »

Bajaj Hindusthan has received an approval for the debt restructuring package worth around Rs 6,500 crore under Joint Lenders Forum (JLF). The board of the company, at their meeting held on December 25, 2014, has accepted the final report on debt restructuring package in respect of outstanding debts of the company, which include working capital loans of Rs 3,667.75 crore and term loan of Rs 2,864.79 crore. The scheme envisaged extended repayment tenure of 10 years, including moratorium period of two years from cutoff date (July 31, 2014) and funding of interest for a period of two years from the cut-off date.

As per the restructuring package, 70 per cent of funding for interest on restructured...

Teachers get schooled in STEM at UNCW conference

Jan 31st, 2015 Posted in Education Loans | Comments Off

In a change of roles, teacher Kimberly Oakley stepped down as head of the class Friday morning to take a seat as a student.

Oakleywho teaches academically gifted middle-schoolers in Moore Countywas one of dozens of educators from across the state who attended the First Annual K-12 STEM Education Conference at UNC-Wilmingtons Watson College of Education.

The conferencesponsored by Watson and several state education organizationsfeatured a variety of innovative classes, workshops and professional development on the STEM (Science, Technology, Engineering and Math) curriculum.

Class topics, led by UNCW faculty and community partners, included using STEM to teach students about...

Scaling scrapped to identify student’s true academic abilities

Jan 31st, 2015 Posted in Education Loans | Comments Off

Education Minister, Dr Mahendra Reddy says the scaling of marks did not help students in any way.

Having scrapped the policy, Dr Reddy says the system did not paint a true picture of a student’s academic abilities.

The scaling of marks in external exams only helped make inefficiencies worse, and failed to encourage teachers to work hard and raise student performances.

“Out of the 18 subjects 15 subjects for Year 12, 14 subjects for Year 13 the mean marks have been declining most of them below 50 as low as 28. Why? Because the teachers have not been bothered because anyway the marks will be raised. Students have not been bothered because anyway their final...

KFH Wins "Best Treasury Management and Best Cash Management" awards …

Jan 30th, 2015 Posted in Cash Management | Comments Off

Kuwait –
Kuwait Finance House (KFH)
has won Best Treasury Management and Best Cash Management awards from The Banker Middle East Magazine, a publication owned by CPI Financial. The awards confirm
KFH
s outstanding performance and its developments and innovations in the fields related to liquidity management, and treasury in an optimal way and in line with the highest international standards.

General Manager Kuwait Treasury at
KFH
, AbdulWahab Al-Roshood, stated on the heels of receiving the awards, that the awards affirm
KFH
s solvency and robust position, in addition to the professionalism bank enjoys, noting that liquidity...

How to do global treasury management from the cloud

Jan 30th, 2015 Posted in Cash Management | Comments Off

Globalisation has driven organisations to manage subsidiaries, customers and vendors across multiple regions and markets. Todays treasury departments are therefore faced with the growing demands of international operations in different countries, currencies, languages, and regulatory environments.

To address these demands, its become essential for the corporate treasurer to handle financial transactions and banking relationships around the world, requiring more controlled and efficient global treasury processes that are flexible to each market.

At the heart of this, cloud-based treasury management solutions (TMS) offer treasury departments greater control of all financial functions,...

Alcoa Has Run Its Course, Shares Are Tired (AA)

Jan 29th, 2015 Posted in Cash Management | Comments Off

Summary

  • From a fundamental standpoint, we give high marks to CEO Klaus Kleinfeld and his team for executive nicely on a transformation that we had doubted.
  • The firms cash-management has also improved nicely, and very few firms are executing better.
  • Shares are tired, however. The time to really make money on Alcoa has passed.

‘Rice-economics’ in a drought

Jan 29th, 2015 Posted in Economic | Comments Off

After college, he married Nancy Rupp, a UCD career counselor, and he applied his masters courses in agricultural economics to a job at the California Farm Bureau. He saved and planned, and finally, at 35, he and his siblings took out a loan to buy back the old family farm.

I did what I could, begging and borrowing and stealing those first few years to get my foot in the door, says Tibbitts. The experience I got working with Jim doing research really helped me understand the science that goes behind the breeding and the agronomics of planting and growing rice.

The mixed clay soil at the Lodi Ranch allows for ponding up water for rice, while in other years rotating to crops like...

Hipcricket Enters Into Asset Purchase Agreement With SITO Mobile

Jan 27th, 2015 Posted in Cash Management | Comments Off

BELLEVUE, WA–(Marketwired – Jan 21, 2015) – Hipcricket, Inc. (OTCQB: HIPP) (the Company), announced today that it has entered into an asset purchase agreement (agreement) with SITO Mobile Ltd. (OTCQB: SITO), as the stalking horse bidder to acquire substantially all of the Companys assets for aggregate consideration of approximately $4.5 million. To facilitate the sale, the Company has filed a voluntary petition under Chapter 11 in the United States Bankruptcy Court (Court) for the District of Delaware along with a motion seeking authorization to approve bid procedures under Section 363 of the US Bankruptcy Code....

Will Navient (NAVI) Miss on Q4 Earnings Estimates?

Jan 26th, 2015 Posted in Education Loans | Comments Off

Navient Corporation (NAVI – Analyst Report) is scheduled to report its fourth-quarter and full year 2014 results on Wednesday, Jan 21, after the market close.

Navient the loan management, servicing and asset recovery company formed through the strategic split of Sallie Mae in Apr 2014 reported third-quarter 2014 core earnings of 52 cents per share, marginally beating the Zacks Consensus Estimate. Core earnings excluded the impact of the financial results of the consumer banking business for periods prior to the spin-off as well as the spin-off related restructuring and reorganization expenses. It also excluded the impact of certain other one-time items.

Results...