GROWING ARIZONA: Congress has to solve Highway Trust Fund insolvency

Jul 29th, 2014 Posted in Cash Management | No Comments »

The gas tax has not been increased since 1993 and in recent years, the amount of money generated has been insufficient to meet maintenance and upgrade demands. Part of the reason is due to higher fuel efficiency vehicles, the increasing popularity of electric automobiles, recent investments in public transit systems, and of course, the Great Recession which continues to leave scores of Americans unemployed. Five years after the so-called end of the biggest economic downturn since the Great Depression, employment has still not returned to pre-recession levels and typically the unemployed does not doing a lotofdriving.

While the HTF generates $35 billion annually spending reaches $54 billion....

Head of Finance

Jul 29th, 2014 Posted in Cash Management | No Comments »

Job Description

The Role

The Erbil HOF is a key senior member of both the Finance Team the Erbil Senior Management Team. Responsible for managing the Erbil Finance team which includes production accounting, cost controlling and accounts payable and cash management and in addition Supply chain functions inc local contracting amp; procurement/logistics. You will liaise extensively with Erbil Management and the Finance team based in Europe. You will drive growth and profitability for operations in by providing strategic direction and leadership for financial and business planning; in particular, assess the financial implications of proposed strategic initiatives, acquisitions and divestitures,...

US Money Fund Reform to Transform Cash M …

Jul 28th, 2014 Posted in Cash Management | Comments Off

The FINANCIAL — Money market fund reform will have its largest impact on institutional prime and municipal money funds while fundamentally changing cash management for corporate treasurers, according to Fitch Ratings. The new rules will reshape the landscape of liquidity products for cash investors.

University of Phoenix courses under review by feds

Jul 28th, 2014 Posted in Education Loans | Comments Off

After the stock market closed Monday Apollo Education Group, Inc., which operates University of Phoenix (UP), disclosed that its course offerings will be reviewed by a federal agency.

The companys stock dropped 5% in after-hours trading.

The companys Form 8-K filing with the Securities and Exchange Commission said that it has been informed by the US Department of Education that the government plans to conduct an ordinary course program review of University of Phoenixs administration of federal student financial aid (Title IV) programs in which the UP participates.

The review, which is scheduled to begin August 4, 2014, will focus on federal financial aid years 2012-2013...

4 Tips for Managing Cash Flow When You’re Bootstrapping

Jul 27th, 2014 Posted in Cash Management | Comments Off

Keeping a watchful eye on moneyis crucial to everyorganization but especiallystartups and small businesses. By learning proper cash management techniques early, you willreap the rewards of your hard work later.

The concepts behind successful business cash management are similar to whatconsumershear from experts. Budgeting and planning are always important, along with setting money aside to prepare for unexpected emergencies.

Theres a lot you can do to save your business money while still making sure employees are well compensated and satisfied. Here are foursuggestions.

1.Use technology tools to help.Businesses use updated technology, from Salesforce to cloud-based email,...

Comada’s MATware software now upgraded to meet integrated cash …

Jul 27th, 2014 Posted in Cash Management | Comments Off

Hedge fund software developer Comada has released a new update for its award-winning MAT.ware technology for investors in alternative funds. Available immediately to Comada clients, the update meets the new reporting requirements of regulators, allowing investors and service providers to manage fund transactions without disruption.

The new release fully integrates cash management by combining cash from FX dealing, credit and position exposures into comprehensive view and projection features. It also includes enhanced liquidity features which recognise that hedge fund investors increasingly invest in a wide variety of illiquid assets like private equity and less-liquid securities. Recognizing...

Chhattisgarh government reduces rate of interest on higher education loans to …

Jul 27th, 2014 Posted in Education Loans | Comments Off

The Chhattisgarh government has reduced the rate of interest on higher education loan given to youth in the state from four per cent to one per cent.

As per the promise made by Chief Minister Raman Singh during assembly polls, the rate of interest on higher education has been reduced to one per cent under the Mukhyamantri Uchcha Siksha Rinn Anudan Yojana, Higher Education Minister Prem Prakash Pandey said on Wednesday.

During Rajyotsava 2012, the CM had announced this scheme, under which loan upto Rs 4 lakh was being given to youth at the rate of 4 per cent for pursuing higher studies. Now youth can avail this facility from nationalised and private banks at one per cent, he said....

LAPF to Offer New Education Loans

Jul 26th, 2014 Posted in Education Loans | Comments Off

THE Local authorities Pension Fund (LAPF) is developing a new product for provision of loans to its members to finance higher education costs.

Market Update: The PNC Financial Services Group Inc (NYSE:PNC …

Jul 26th, 2014 Posted in Cash Management | Comments Off

[at noodls] New Crew on Board Public Finance Capital Markets Team in New York Jul 25, 2014 8:05am PITTSBURGH, July 25, 2014 PNC Capital Markets, a member of The PNC Financial Services Group, Inc. (NYSE: PNC) today
Read more on this.

The PNC Financial Services Group, Inc. (PNC), with a current value of $45.00B, opened at $84.38.

During todays session, PNC traded between $84.24 to $84.92 with a one year range of $70.63 to $90.00.

PNC Financial (PNC) shares are currently priced at 11.88x this years forecasted earnings, which makes them relatively inexpensive compared to the industrys 17.87x earnings multiple for the same period.

The company pays...

Top 5 most popular cash back credit cards revealed

Jul 26th, 2014 Posted in Credit Card Comparison | Comments Off

With hundreds of offers available from a huge range of providers, finding the best credit card deal can be difficult.

In May, we launched the Which? Money Compare credit card comparison tables to let consumers search all available cards from all available providers and choose the best deals based on quality of service as well as cost and benefits.

These tables include unique Which? customer satisfaction ratings, revealing how thousands of people rate the quality of the service delivered by a credit card provider.

We soon found that users of our comparison tables were especially keen to search for cards which offered cash back on their spending.  

Now, we can reveal...