Sobule turns to fans to finance making new CD
Johnson City Press - NEW YORK — In making six CDs, singer Jill Sobule has worked for two major record companies that dumped her and two indie labels that went bankrupt beneath her. Now she’s turning to people she has the ability to really trust — her fans. Sobule, whose witty and

Personal computer bowls a googly on farm loans
Daily News and Analysis - MUMBAI: The Union budget’s bumper Rs60,000-crore loan waiver to farmers was the main takeaway. However over the weekend analysts have been scratching their heads calculating the details of the finance minister’s waiver. The budget states that the

Close, Howard, Curry, Hansen to Receive 29th Annual Common Wealth
Forbes - He served as Treasurer (finance minister) in a previous government and led his celebration in opposition for a number of years. A conservative on social policy, Mr.

Candidates Raking in Dough — and Rolling It Out
NPR News - Likewise, Obama has talked about going the public-finance route, but it’s not certain he’ll. Jacoby states the system of public funding is out of date.

Flaherty denies trying to jinx Ontario
Globe and Mail - True North from Canada writes: Flaherty cooked the books when he was minister of finance for Ontario and left it billions of dollars in debt - he should look in the mirror and shut up.

HSBC fears it may have to pay back £300m in overdraft fees
Guardian Unlimited - Under the proposed changes, Geoghegan and finance director Douglas Flint could receive bonuses worth 400% of their salary compared with 250% now.

Cooking oil prices begin to singe, up Rs 8
Economic Times - For consumers, that would mean a stiff increase in retail oil prices, unless the finance ministry reviews the Rs 9 per kg customs duty soon.

GM Shuffles Executive Ranks
Wall Street Journal - Ray Young, 46, GM’s group vice president of finance and a close associate of Mr. Henderson, was named chief financial officer. GM spokesman Tony Cervone stated the move could free Mr.

HSI closes midday at 23429, down 156 points
Quamnet - The above information is supplied by our data providers (Sun Hung Kai Financial Data, Xinhua Finance and Infocast among others) and is for reference purposes only.

Diebold Receives a Takeover Offer
New York Times - Geisler, United Technologies’ vice president for finance and the head of its mergers and acquisitions team, said in an interview on Sunday that the company contacted Diebold about a possible deal two years ago but was rebuffed.

Brigham Exploration Reports Year-End and Fourth Quarter 2007 Results
Earthtimes - those contained in the forward looking statements include our growth strategies, our capability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business‚ our liquidity and capability to finance our

Canadian pension fund to continue bid for key New Zealand airport
CNBC - A special law pushed through New Zealand’s Cabinet late Monday imposes a foreign ownership control test on New Zealand’s “major strategic assets,” Finance Minister Michael Cullen stated.

Recession revisited: Will this time be different for IT?
Computerworld - Now, Sacchi and his IT finance team are making weekly adjustments to the company’s IT budget. They’re using scenario planning to examine changes in consumer spending and credit-market conditions, in order to roll with the business and fine-tune its

Microsoft Office Live Workspace Sweeping College Campuses
Forbes - Paul Seitz, a sophomore at Pennsylvania Say University studying business finance and economics, uses Office Live Workspace for document access, collaboration, group projects and any time multiple people need access to a shared document.

W.Va., Ohio Score Bs, Cs
Wheeling News-Register - What we’ve done with Workers’ Compensation — and by dealing with overall say debt — has put us in a better position on Wall Street for our bond rating and helps us out the next time we want to finance a bond project like the Cabela’s

Cullen blocks sale of airport
Stuff - Finance Minister Michael Cullen said the changes had been made in response to the uncertainty and debate surrounding the Canadian Pension Plan Investment Board’s offer to airport shareholders.

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Filed under: Web services, Social Software, web 2.0

Fatigued of visiting tons of sites to keep tabs on your friends (or vice versa)? Sign up for a Profilactic profile and link over 140 social sites (like Facebook, Flickr, Digg, etc.) and let your friends view the Profilactic mashup of your web activity.

Your Profilactic profile also has links to the specific social sites you use, so your friends can get quick access to your Dugg stories at Digg.com for instance. The mashup section can be searched or filtered by social site.

Social-site aggregation is a welcome concept as the number of sites we join seems to increase on a daily basis (private betas anyone?). Being able to go to one profile to view Twitter posts, Dugg stories, Flickr photos, and blog posts can make your web surfing more efficient.

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Filed under: Deals, Raising money, Public or private?

NetManage Inc. (NASDAQ: NETM) is apparently going to remain an independent company, despite a prior buyout offer. The company has announced that Rocket Software informed NetManage that it has failed to secure the financing that was required for it to complete the proposed acquisition of NetManage within the contracted time line.

This deal was already having troubles earlier this year. Rocket Software removed its due diligence contingency on January 10, 2008, and then on January 18, 2008, the two concurred to a contract extension to allow Rocket time to secure the financing needed to complete the merger.

As a result, the merger agreement has been terminated. The good news here’s that NetManage has been profitable for the last three quarters after a period of losses.

NetManage saw shares close at $4.78 on Friday, and the 52-week trading range is $3.60 to $6.99. The original deal valued NetManage at $7.20 per share. Friday’s market cap was a mere $45.8 million. It seems some can’t raise even small amounts of capital regardless of whether private equity and LBO lending is in vogue or out on you know what.

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Filed under: Borrowing, Cards, Debt

Who’s made some late payments on their credit cards lately? Raise your hand.

If everyone reading this article has kept their hands down, either there are a lot of people out there lying, or a lot of people who don’t want to feel like an idiot for raising their hand in front of a computer screen. According to CardTrak, an information portal on credit cards, the percentage of people late on their payments is the highest it’s been in three years. In 2007, credit card companies made $18.1 billion dollars in penalty fees (for a tiny comparison, the year before, they made more than $17 billion in penalty fees.)

Fortunately, there is some hope out for anyone with an increasing history of late fees and decreasing credit score, according to John Ulzheimer. He founded Credit.com and wrote the book with the reassuring title, You’re Nothing But a Number, and he stated that while Americans’ credit scores might be tanking, a credit score, in the end, is truly our friend.I admit, I was skeptical at first. Let’s put it this way; a credit score is the last guest I’d invite to a party or want to go on a road trip with. In fact, if my credit score was my friend, I suspect I’d soon go to jail for running him over in my car, and I don’t think a jury would convict me.

But look at it this way, Ulzheimer told me. Once you’re able to get your payments in on time and back in the swing of things, with every passing month that negative information is becoming less powerful. “What the credit score is looking for is a change in credit management behavior,” states Ulzheimer, “and so if there’s an improvement, that helps you, even if that negative information is, several years later, still there on your report.”

He added,”People like to rip on credit scoring nearly mercilessly, but it doesn’t take on prevailing thoughts of credit,” says Ulzheimer, who worked in the credit card scoring industry for several years at Equifax and then Fico and has 16 years’ experience in the credit card industry. “It doesn’t care if you fell into a subprime scam, or that you’re living on government assistance. A credit score will look at that and make the same empirical value as anyone else.”

So there’s hope. If you feel like you’ve ruined your credit score for life, if you can turn things around, you won’t always be paying for these bad times. And, by the way, if you really did raise your hand, you can lower it now.

Geoff Williams is primarily a business journalist for Entrepreneur magazine and the author of C.C. Pyle’s Breathtaking Foot Race: The True Story of the 1928 Coast-to-Coast Run Across America.

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Banking on serving lawyers in Garden City area - Newsday

Banking on serving lawyers in Garden City area Newsday, Share This Share This No Comments » 03 03 2008 Can the web predict the Democratic nominee for President? Posted by: in Social Informant Filed under: Internet, Web services, Social Software Presidential elections are tough. It’s a long process fraught with uncertainty, pitfalls and heartbreak; just ask Ross Perot. In this last push towards the Democratic convention, and with a race that many are saying is too close to call, we figured it was perfect time to put some crowdsourcing to work and see how accurate it might be. So, what do the Interwebs tell us about Tuesday’s primary to end all primaries? Frankly, a lot. The first place we decided to hit on our prognostication panoply pursuit was prediction purveyor Intrade. Continue reading Can the web predict the Democratic nominee for President? Permalink Share This Share This No Comments »

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