Today marks an important milestone in LinkedIn’s history – we started trading at the New York Stock Exchange (NYSE) – following our recent IPO filing. Our stock symbol is LNKD (as you may have guessed from this post) and we’ve announced our initial public offering of 7,840,000 shares of common stock at a price to the public of $45.00 per share.
We were thankful to have four of our members – Adam, Cecilia, Andrew, and Evan – with us on the floor of the NYSE earlier today to celebrate the bell ringing (Thanks to Evan Gotlib for the picture!). We’d like t
At least one person was handcuffed after a group of about 400 protestors marched up Chase’s property and placed a sign on a raft floating in a pond in the bank’s premises. The sign read: “Foreclosed: Chase sinks our economy.” Police had each entrance blocked ahead of the meeting, as protesters gathered in the rain and cold chanting slogans such as “Make Banks Pay” and carried signs that said: “Chase gets rich, we lose homes, jobs, services.” At least 20 police cruisers circled the building.
Inside, several shareholders spoke out against the bank’s handling of mortgage foreclosures.
“As a person of faith, my God believes you shouldn’t take advantage of people when they are down,” said Dawn Dannenbring of the community group Illinois People’s Action, addressing CEO Jamie Dimon.
UTMA and UGMA are very similar. Both are uniform code proposals adopted by the individual states. Like other uniform codes (the uniform building code is a common one, for example) these work by proposing a common framework for states to use in order to prevent a hard to use patchwork of laws in each state.
The uniform code did not prevent one important variation. The UTMA or UGMA account comes under the control of the beneficiary when he reaches the age of maturity. However, that age varies from state to state. Typically, the beneficiary assumes control of the UGMA or UTMA at age 18 or 21.
The UTMA and UGMA are two different uniform codes, but they are more alike than they are different.
UTMA is the Uniform Transfer to Minors Act. People say, “ut-mah” when they talk about them.
UGMA is the Uniform Gifts to Minors Act.
Raising the money you need for your business doesn’t always have to be an uphill battle.
Do you know that you, a partner, or an investor in your business may have certain assets that can be used as collateral to obtain the funding you need?
Turning paper into cash is not a new strategy but it is definitely an option worth considering if you have access to the types paper that can be converted.
A lender that extends financing using these assets as security is known as an asset based lender. If
Red-faced officials acknowledged Thursday that they had meant to ask county commissioners to adopt a resolution supporting state funding for Jackson Laboratory’s proposed biomedical village.
The idea, said County Administrator Jim Ley, was to follow the legislative session in which economic development was a contentious topic with a county resolution endorsing the project and repeating the county’s intention to ask voters to approve local funding of up to $100 million for the lab.
The plan was to pass that resolution Wednesday so it could be sent in time to be presented to Jackson’s board of directors at its meeting in New York City next week.
“Instead we’ll send a ‘We-intended-to-take-this-to-the-board-but-we-forgot’ letter,” Ley said.
While the person most responsible would be Deputy County Administrator Dave Bullock, County Commissioner Joe Barbetta noted that commissioners knew about the proposed Jackson resolution and it slipped their minds as well.
Barbetta blamed the slip on “All the stuff going on in procurement, coupled with our budget and with human services.”
Stobart 300
LOGISTICS group Stobart has responded robustly to allegations in a national newspaper that the Financial Services Authority are investigating a property transaction after being passed information by Cumbria Police.
Stobart last month announced is was in talks to buy back a property portfolio from two senior executives – chief executive Andrew Tinkler and chief operating officer William Stobart – which the pair acquired from the company four years ago.
In a statement to the stock market this morning, the company responded to the “speculative article” in today’s Daily Telegraph.
It said: “The company believes the content of the article to be entirely false. The company
When it comes to rollovers or transfers between 401k accounts and IRA accounts, one word makes a lot of difference.
A 401k rollover requires that 20 percent of the amount being rolled over be withheld for taxes, even though the account owner still has to deposit 100 percent of the amount within 60 days to avoid taxes and penalties.
A 401k transfer requires no withholding and moves the funds tax-free.
An IRA rollover gives the account owner 60 days to deposit any rolled over funds into a new IRA account. IRS rules limit each taxpayer to only one rollover per year.
An IRA transfer moves the money directly to a new qualified retirement plan account with no delays and with no one per year limits.
A trustee-to-trustee transfer occurs when you move funds from one qualified retirement plan custodian to another without ever having control of the money.
Why do company credit ratings play such an important role in your success?
Well I’m sure you can think of quite a few but let’s cover some of the main reasons why others may want to know the financial history of your business.
As you know a business credit report can paint a very positive or negative picture of your company’s creditworthiness so ensuring that you have solid ratings should be a top priority.
What if a potential investor or aspiring business partner decides to check your business credit ratings?
You can possibly lose funding or even a valuable partner in business if your reports raise concerns.
Another obvious reason your ratings are so vital is creditors, lenders, and suppliers use it to determine whether or not they will be willing to extend credit to your business.
If you have strong ratings you will not only receive larger credit limits but also save thousands of dollars in interest by obtaining the best available rates.
Finally, did you know that even potential employees review company credit ratings to help them determine how secure they will be if they decide to work for your company?
All of these are compelling enough reasons for you to get listed with the major business credit bureaus and establish strong ratings.
Here are three business credit ratings essential to your company:
Dun and Bradstreet – Paydex Score
DNB is the leading provider of business information for over 165 years and it contains more than 130 million business records. Getting