Archive for June, 2009

More hotels invest in videoconference rooms to cut costs (USA Today)

Tuesday, June 30th, 2009

Marriott International and Starwood Hotels will introduce expensive, high-end videoconference systems at several properties by year’s end, a nod to the reality that technology is replacing more trips as companies trim travel costs.

More: continued here

China bans virtual cash (p2pnet.net)

Tuesday, June 30th, 2009

p2pnet news view | P2P | Politics:- ‘Virtual’ money isn’t really virtual. A lot of people make a lot of real cash out of it. And that’s why the news China has decided pretend money can no longer be exchanged for real goods and services is significant. A new law will, “effectively ban the practice of gold farming,” [...]

More: continued here

New exit route for entrepreneurs, VCs – Private stock exchanges (Local Tech Wire)

Tuesday, June 30th, 2009

SharesPost, SecondMarket seek to provide ways for investors, startup owners a way to cash out other than initial public offerings.

More: continued here

Law and Order (Arizona Daily Star)

Tuesday, June 30th, 2009

Woman admits to role in fatal cab robbery

More: continued here

Don’t cash out your 401(k), experts say (East Valley Tribune)

Tuesday, June 30th, 2009

A growing number of recession-battered employers have stopped contributing to their employees’ 401(k) retirement plans, while Wall Street has done its best to wipe out any gains employees saw before the economy went south.

More: continued here

INSIDE THE DEAL: Alliant Capital Provides Borrower with Cash-Out, Interest-Only Refinance (Multi-Housing News)

Tuesday, June 30th, 2009

Tucson, Ariz.—Unlike construction financing, refinancing is still relatively plentiful for multifamily housing in today’s markets. But only if certain criteria are met. Here is an example of one transaction, completed by Alliant Capital LLC, that works.

More: continued here

Unclear what happens to personal info with Clear (USA Today)

Tuesday, June 30th, 2009

More than a quarter million people are wondering what will happen to their fingerprints, Social Security numbers, home addresses and other personal information now that a company that sped them through airport security is out of business.

More: continued here

Hortons move signals Canada’s growing tax appeal (National Post)

Tuesday, June 30th, 2009

In a clear sign that Canada is starting to be considered a low-tax place to do business, Tim Hortons Inc. announced Monday plans to shift its base of operations from Delaware to Canada for tax purposes.

More: continued here

Madoff sentenced to 150 years imprisonment (Malta Star)

Tuesday, June 30th, 2009

Bernard Madoff, the man found guilty of organising the largest fraud in USA, will die behind bars, as he was sentenced to a 150 year imprisonment on Monday.

More: continued here

Cashflow is main challenge for agribusiness: NAB survey (Queensland Country Life)

Monday, June 29th, 2009

Managing cashflow is the biggest challenge facing agribusinesses in the current economic climate, according to a survey conducted by the National Australia Bank.

More: continued here