Wed.Oct 23, 2024

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Venezuelan network owner charged for a $1.2 billion scheme to launder illegal funds

Due

A Venezuelan television news network owner has been charged by a federal grand jury in the Southern District of Florida for his role in a $1.2 billion scheme to launder funds. The indictment was unsealed after evidence was presented in the Florida courthouse showing that the laundered funds were allegedly corruptly obtained from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A.

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What is digital DSO? New tutorial!

Credit Tools

How can a key performance indicator, the best known and most followed, change radically thanks to technology? How can it be more readable, more understandable and more relevant? Find our tutorial on.

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Department of Labor division recovers $1 billion in back wages

Due

Department of Labor’s Wage and Hour division has recovered over $1 billion in back wages and damages since 2021. The Department of Labor announced the news as part of a wider release centered on the federal branch’s effort to enforce the legal statutes for United States workers. “The Wage and Hour Division has recovered more than $1 billion in back wages and damages—achieving both justice and economic relief for more than 615,000 workers,” said Acting Secretary of Labor Julie Su.

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Primary Analysis: Lower-Than-Peer-Average Yield Expected for Almaviva 2030 SSNs Reflects Strong BB Credit Quality; Infopro, Cedacri FRNs Offer More Balanced Risk-Return Profile for Yield Seekers

Reorg Blog

The post Primary Analysis: Lower-Than-Peer-Average Yield Expected for Almaviva 2030 SSNs Reflects Strong BB Credit Quality; Infopro, Cedacri FRNs Offer More Balanced Risk-Return Profile for Yield Seekers appeared first on Reorg.

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7 Steps to Help Get Your Small Business Back On Track Following a Break-In

Due

Having a break-in occur at your business can be an unsettling experience. Knowing that your business premises can be breached —at any moment—leaving personnel, equipment, and inventory vulnerable is a distressing thought that can disrupt your daily operations and leave you feeling out of control. Commercial crime has become a major problem for business owners.

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Cinven Is Frontrunner for Minsait Payments Carveout as Auction Enters Second Round; Asset Marketed Off €45M EBITDA

Reorg Blog

Cinven is leading bids for Minsait Payments, a division of Spanish IT and defense company Indra Sistemas, with sell-side advisors Citi and AZ Capital targeting a €600 million valuation.

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What to Do If You’re Struggling with Equipment Loan Payments

Commercial Credit Group

Business was going great, and you needed more equipment to meet demand. You financed that purchase with a loan through CCG. But now business has slowed and you’re struggling to meet your financial obligations. What do you do?

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Unlocking Success: Surround Yourself with the Right People and Mindsets

Due

An excellent way to achieve success is to seek guidance from those who have already achieved what you desire. However, people don’t realize how willing successful individuals are to lend a hand. Often, people avoid asking for help out of fear or insecurity. Nevertheless, many older, successful individuals enjoy sharing their wisdom and offering support.

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SLV Lighting Retains Rothschild as Financial Advisor Ahead of Potential Covenant Breach

Reorg Blog

SLV Lighting appointed Rothschild as financial advisor to evaluate options ahead of potential covenant pressure in March next year.

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How to take open banking payments mainstream

GoCardless

New data explores how and when open banking payments will hit mainstream status

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Sanofi’s Opella Buyer CD&R Finalizes Up to €7.6B-Equivalent Funded Debt Over Weekend as Deal Goes Through

Reorg Blog

Clayton, Dubilier & Rice has finalized a debt package of up to €7.

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Private Equity Firms Enhance Efficiency Through Third-Party Specialists

Due

Private equity firms like Blackstone, Carlyle, Apollo, and KKR have long been known for driving profitability and efficiency. However, a new trend is reshaping their cost-cutting and operational improvement approach. Value acceleration services, led by emerging companies like SIB, Accenture, and Coupa, help businesses uncover millions in savings without drastic internal cuts or layoffs.

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Deficits, Taxes and Trade: A Presidential Policy Breakdown

Loomis Sayles Credit Research

With less than two weeks until election day, the race between US presidential candidates Kamala Harris and Donald Trump remains too close to call. This election year has already seen its fair share of political surprises and shakeups, and markets are bracing for more. At Loomis Sayles, we are not political pundits but we do follow elections closely, particularly the candidates’ policy agendas.