Wed.Oct 16, 2024

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Virginia defense contractor to pay $950m in connection with bribery, export control and pricing case

Due

A Virginia-based contractor, Raytheon Company (Raytheon), is set to pay $950m for bribery, export control, and defective pricing cases brought forward by the Justice Department. Ratheon is a subsidiary of defense contracting company RTX, formerly known as Raytheon Technologies Corporation. The Justice Department has conducted extensive investigations into allegations that Ratheon was complicit in a government fraud scheme involving defective pricing on specific government contracts.

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Automate Order Confirmation Email On BigCommerce Using Atom8

Grit

As a BigCommerce store owner, you know your customers have been racking their brains from considering whether to purchase until they hit the “add to cart” button. But even then, they expect more, especially the reassurance that what they ordered will arrive on time. That’s where an order confirmation email comes in! Of course, you can’t manually email every customer, so automating it on your BigCommerce store is essential (and a must).

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10 Basics of Data Analytics Every Modern Finance Leader Must Know

Emagia

In today’s rapidly evolving business landscape, finance leaders must not only understand traditional financial metrics but also embrace data analytics to drive strategic decision-making. Data analytics enables finance teams to extract valuable insights from data, enhancing their ability to predict trends, identify risks, and optimize operations. Deloitte emphasizes that data analytics provides the insights needed for finance professionals to navigate complex environments, comply with regulations

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TMC Financing Ranked as Nevada’s No. 1 SBA 504 Lender

TMC Financing

Securing $134 Million for Nevada Small Businesses, a 22% Increase for FY24 TMC Financing continues to solidify its position as Nevada’s top SBA 504 lender in total dollars approved, facilitating. The post TMC Financing Ranked as Nevada’s No. 1 SBA 504 Lender appeared first on TMC Financing.

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Pennsylvania-based federal contractor to pay $85k in back wages to employees

Due

A Pennsylvania-based federal contractor has been the subject of court action that resulted in a $85k bill to pay back out-of-pocket employees. JRW Service Group LLC (JRW) was based in Keystone State and owned by Jason Winters. It was alleged to have failed to pay prevailing wages, fringe benefits, and overtime pay to employees working on multiple federal construction projects.

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Bridgepoint Confirms Reinvestment in Kyriba, Alongside New Minority Investor General Atlanti

Reorg Blog

Relevant Document: Bridgepoint Notice Bridgepoint is set to reinvest in U.S. financial software firm Kyriba while maintaining its position as the majority shareholder in a transaction that will see General Atlantic join as a new minority investor.

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Star Entertainment AUD 300M Term Loan Exited By At Least Three Funds With ~AUD 60M  Ahead of AUD 200M New Debt Deal; Equity Raise Planned

Reorg Blog

The post Star Entertainment AUD 300M Term Loan Exited By At Least Three Funds With ~AUD 60M Ahead of AUD 200M New Debt Deal; Equity Raise Planned appeared first on Reorg.

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Forecasting lower returns: Navigating investment strategies

Due

Finance, with all that word entails, is constantly evolving and shifting in response to a myriad of factors. One of the most significant indicators of this dynamism is the performance of the S&P 500, a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. Over the past 5, 10, and 15 years, the S&P 500 has averaged an impressive return of 15%, 13%, and 14% per year, respectively.

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UPDATE 3: Banks Release At Least CNY 4B for Dalian Newland Share-Backed Club Loan for Drawdown, Wanda Plans to Set Up Restricted Account with ~CNY 8B Funding for Public Debt Payments

Reorg Blog

The post UPDATE 3: Banks Release At Least CNY 4B for Dalian Newland Share-Backed Club Loan for Drawdown, Wanda Plans to Set Up Restricted Account with ~CNY 8B Funding for Public Debt Payments appeared first on Reorg.

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Healthy Aging Tips: Maintaining Physical and Mental Health in Retirement

Due

Retirement marks the start of a new chapter in life. For many, it’s a time of leisure, travel, and spending more time with loved ones. This freedom, however, comes with a responsibility to maintain good health so that one can fully enjoy these moments. Maintaining your health can make your golden years more enjoyable and help alleviate retirement concerns.

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UPDATE 9: Ares’s, QIC’s Up-To AUD 240M Five-Year Facility to Finance Genesis Takeover Bid of Pacific Smiles Pays BBSY + 5-6.00%, PIKable; Caps Net Leverage At 5x-7.25x

Reorg Blog

The post UPDATE 9: Ares’s, QIC’s Up-To AUD 240M Five-Year Facility to Finance Genesis Takeover Bid of Pacific Smiles Pays BBSY + 5-6.00%, PIKable; Caps Net Leverage At 5x-7.25x appeared first on Reorg.

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What is an ACH payment?

Chaser

Automated Clearing House (ACH) payments have transformed the landscape of financial transactions, providing a convenient, secure, and efficient alternative to traditional paper checks and cash.

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Vedanta Resources in Talks With Banks for ~$500M Club Loan, Considering ~$300M Tap to $900M 10.875% Bonds Due 2029 for Partial Refinance of Due 2028 Bonds

Reorg Blog

The post Vedanta Resources in Talks With Banks for ~$500M Club Loan, Considering ~$300M Tap to $900M 10.875% Bonds Due 2029 for Partial Refinance of Due 2028 Bonds appeared first on Reorg.

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Buying a business. What to look for

Cpcmcredit Blog

I receive quite a few leads from those wishing to raise finance to buy a business. Sadly many contacts do have unrealistic expectations or are lacking the experience or character to impress lenders sufficiently but there are some exceptions and i’m working on two excellent cases at this precise moment Often the buyer will be tapping into my experience of the whole process.