| Covington firm establishes swimming pool finance business | | Posted Saturday, February 10, 2007 12:56:25 PM by Blog57 Team | | Covington-based Pool Corporation has established a mortgage brokerage services business to loan customers the money to buy their swimming pools. Nearly half of all inground pool purchases are financed, according to the company. Typically, a pool buyer turns to their home mortgage lender or local financial institution to obtain financing. But these types of loans often carry higher interest rates. By providing consumers with better loan terms, Pool Corp. hopes to get consumers to buy more pools. /* defaults */ .mostPopular { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; text-align: left; color: #000000; line-height: 14px; } .mostPopular a:link { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; color: #000000; text-decoration: none; line-height: 14px; } .mostPopular a:active { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; color: #000000; text-decoration: underline; line-height: 14px; } .mostPopular a:visited { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; text-align: left; color: #000000; text-decoration: none; line-height: 14px; } .mostPopular a:hover { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; color: #000000; text-decoration: underline; line-height: 14px; } .mostreadNav2A { font-family: Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold; color: #000000; text-decoration: none; } .mostreadNav { font-family: Arial, Helvetica, sans-serif; font-size: 12px; font-weight: bold; color: #E20000; text-decoration: none; } .mostreadNav a:link a:active a:visited { font-family: Arial, Helvetica, sans-serif; font-size: 12px; font-weight: bold; color: #E20000; text-decoration: none; } .mostreadNav a:hover { font-family: Arial, Helvetica, sans-serif; font-size: 12px; font-weight: bold; color: #0633B0; text-decoration: underline; } .mostreadBorder { border-bottom: 1px solid #000000; padding: 5px; } .mostreadBorderSel { border-style: solid; border-width: 1px 1px 0 1px; border-color: #000000; padding: 5px; } .hidden { display: none; } .... | |
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| | | UF Graduate School Of Business Receives $30 Million Gift | | Posted Saturday, January 20, 2007 2:56:29 PM by Blog57 Team | | St. Petersburg investment banker William R. Hough gave the University of Florida its largest private gift ever - $30 million for graduate business programs. Hough, a 1948 graduate of the university's first master of business administration class, wants the school to be a national powerhouse and says the state Legislature is not paying it enough money to make that happen. "It's the top business school in Florida," Hough said by phone after UF officials announced the gift in Gainesville. "I want to see it become the best in the country." His gift qualifies for up to $20 million in matching state funds, bringing its total value to as much as $50 million. The money establishes an endowment to back teaching and school programs in the graduate business school, which will be named the Hough Graduate School of Business.... | |
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| | | Creating a trust for tax benefits | | Posted Sunday, December 17, 2006 12:57:37 PM by Blog57 Team | | I am 33, and my husband is 45. We are writing our wills and wondering whether we really need a trust as well. I understand that if you have a trust, one of the benefits is that your assets don't go through probate. But the part that I am concerned with is that I've been told that if you have more than $2 million in assets, including life insurance, there are tax benefits. Our assets would be approximately $2.25 million if we include our $1 million of life insurance. What are the tax benefits of a trust, and are they great enough to offset dealing with the hassle of creating a trust? K.D., Mount Sinai .... | |
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| | | Omi supportive of business leaders' call for corporate tax rate cut | | Posted Wednesday, November 15, 2006 2:56:14 AM by Blog57 Team | | _ Finance Minister Koji Omi expressed a supportive stance Tuesday toward a call from Japan's most powerful business lobby for cutting the effective rate of corporate taxes from the current level of around 40 percent. "Now that companies have come to choose countries for their operations, we must make Japan attractive for corporate activities," Omi told a news conference, noting Japan has one of the highest effective rates of corporate taxes among developed countries. "We should be on equal terms with foreign countries in taxation systems," he said. His remarks came after Fujio Mitarai, chairman of the Japan Business Federation, called Monday for a cut in the effective rate of corporate taxes to 30 percent from around 40 percent at present as part of the government's policy of promoting economic growth.... | |
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| | | Business Leaders, Six Cabinet Ministers Head for LA | | Posted Sunday, November 12, 2006 10:58:11 PM by Blog57 Team | | (IsraelNN.com) Prime Minister Ehud Olmert, Opposition leader Binyamin (Bibi) Netanyahu, six Cabinet ministers and Israeli business leaders are leading a star-studded delegation to speak at the United Jewish Communities annual assembly in Los Angles this week. Among those expected to attend are the heads of Bank Leumi, Iscar, which recently was bought out by American billionaire Warren Buffet, Foreign Minister Tzipi Livni, Finance Minister Avraham Hirchson and four other Cabinet ministers. The UJC raised $330 million following the Hizbullah terrorist war this summer. Some of the money has been allocated to helping Arab communities in the Galilee that suffered damage and casualties from Hizbullah rockets. However, as reported Saturday night, many Jewish organizations have refused to allocate money to Jews whose Gush Katif homes were demolished last year and who still are without permanent housing.... | |
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| | | Nigeria: Banks Get Six Months Deadline to Finance Maritime Business | | Posted Friday, November 10, 2006 11:03:55 PM by Blog57 Team | | The National Maritime Administration and Safety Agency (NAMASA) has given banks that do business with the Agency a six months deadline to begin financing maritime businesses. For banks that fail to comply, the agency has threatened to withdraw its deposits from such banks. Banks operating in the country have been very skeptical about financing businesses in this sector because they (banker) see the venture as too risky and the period of repayment too long .... | |
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| | | UK small and mid market firms lead European growth outlook. | | Posted Friday, November 10, 2006 1:03:16 PM by Blog57 Team | | John Jenkins, CEO, GE Commercial Finance, Business Finance, commented: In a more challenging market it is encouraging to see how many small and mid sized firms are really positive about their growth prospects compared with their European counterparts. This can only be good news for the UK economy. It is also heartening that management within these firms are also willing to contemplate alternative forms of driving growth, such as M&A. In flat markets these can be an effective ways of maintaining growth.Winners and LosersAcross England, there are marked difference across industry sectors with the relative boom in financial and professional services resulting in these business having the most optimistic outlook (optimism net balance of +55 and + 50 percentage points respectively). The more difficult conditions experienced in retail, leisure and catering means that businesses operating in these sectors are the least optimistic about the 12 months ahead (optimism net balance of 10% and 11% respectively).... | |
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| | | (AFX UK Focus) 2006-11-08 00:46 GMT: AUSTRALIA SEPT HOUSING FINANCE BY VOLUME DOWN 1.2 PCT FROM AUG | | Posted Wednesday, November 08, 2006 2:57:06 PM by Blog57 Team | | Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters. UK online business, currency, markets and financial news .... | |
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| | | Five questions with Sandy Weill -- Perspectives from the top of high finance | | Posted Monday, November 06, 2006 3:03:02 PM by Blog57 Team | | Sandy Weill, once Wall Street's premier deal maker and the former chairman of Citigroup, now is in his third year of retirement. His new autobiography, The Real Deal: My Life in Business and Philanthropy ($32; Warner Business Books), recounts his stormy climb to the top. The one-time rookie stockbroker unleashed a string of Wall Street acquisitions in the 1970s that culminated with a brief, contentious stint as president of American Express. From there, he took over the Smith Barney brokerage and, in 1993, took over the Travelers Group insurance company. Five years later, Travelers merged with Citicorp (later called Citigroup). That marked the crest of Weill's corporate career, but also would eventually thrust him into controversy. Citigroup was accused of letting its investment bank division influence its analysts' stock ratings.... | |
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| | | Online Finance Community InvestorVillage(TM) Hires Director of Business Development | | Posted Thursday, November 02, 2006 11:02:46 AM by Blog57 Team | | InvestorVillage is pleased to introduce Greg Blandford as the new Director of Business Development. "Greg brings much needed talent to our team," says InvestorVillage Co-Founder, John Kidd. "With more than 14 years of relevant work experience, Greg will manage our sales initiatives, as well as identify and stimulate strategic relationships with our growing user base." "I'm excited to come on board at such a pivotal point in the company's history," explains Blandford. "InvestorVillage is attracting a highly coveted demographic comprised of educated, affluent, self-directed investors. My near term goal is to establish relationships with quality advertisers so that we can serve up relevant ads across a variety of industries, including financial services, travel, luxury goods, and more.... | |
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