“The Changing Landscape of Vendor Financing” Featured on CIT’s “5 Minute Capital” Podcast Series
Demand for technology leasing continues to grow as customers look to contain procurement costs and technology manufacturers seek to boost sales according to Ron Arrington, President of Vendor Finance for CIT Group Inc. (NYSE: CIT – News), a leading provider of financing to small businesses and middle market companies. This perspective on current vendor finance trends is one of several insights Arrington shares in “The Changing Landscape of Vendor Financing,” the latest installment of CIT award-winning “5 Minute Capital” (www.5minutecapital.com) podcast series, which features senior CIT executive commentary on current market conditions and industry trends.
In commenting on the growing interest in technology financing, Arrington notes, “Customers are trying to retain capital and avoid large capital outlays. [Read the full article]
HOUSTON & THE WOODLANDS, Texas–(BUSINESS WIRE)–PULSE, one of the nation leading PIN debit/ATM networks, has extended and expanded its long-term relationship with Woodforest Financial Group for PIN point-of-sale (POS) debit and ATM services.
Under terms of the agreement, PULSE will be the exclusive network provider of PIN POS debit services to Woodforest Financial Group and its bank affiliates” Woodforest National Bank and Woodforest Bank. In addition, PULSE will provide the banks cardholders with access to PULSE nationwide network of ATMs.
“PULSE has provided ATM and PIN debit services to Woodforest for more than 25 years, and we are very pleased to extend and further develop our relationship,” said Dave Schneider, President of PULSE. [Read the full article]
American Express Co. spent $1.1 million during the fourth quarter lobbying the federal government on issues ranging from sweeping changes to credit-card regulation to advertising, according to a recent disclosure report.
The $1.1 million compares with $650,000 it spent during the third quarter and $1 million it spent during the final quarter of 2008 to lobby the government.
New York-based American Express was a recipient off $3.39 billion in aid from the government as part of the Treasury Department’s $700 bank bailout program that was launched in late 2008 during the peak of the credit crisis. American Express, which has fared well through the recession, repaid the Treasury Department in June.
In the final three months of 2009, American Express lobbied Congress, the White House, Office of Thrift Supervision, Federal Reserve, Treasury Department, Internal Revenue Service and the U.S. Postal Service. [Read the full article]
Investors want to minimize volatility and to maximize certainty, and the prices that the market assigns to various securities incorporate the consistency with which the underlying company can be counted on to perform well. Steady performance produces superior returns. Portfolio manager Richard Moroney, who’s also editor of the Upside and Dow Theory Forecasts newsletters, finds that stocks earning consistently superior scores on his “Quadrix” quantitative tended to continue earning high scores for attractiveness. By emphasizing high scorers with a history of stable scores, you can reduce the risk of buying a stock just before its overall score drops,” points out Moroney. “That not only enhances returns, it also can result in lower portfolio turnover. In back-tests to 1994, we’ve found that high overall scorers with low-volatility scores outperform those with high-volatility scores. [Read the full article]