Calendar

July 2013
SunMonTueWedThuFriSat
 << <Aug 2017> >>
 123456
78910111213
14151617181920
21222324252627
28293031   

Announce

Who's Online?

Member: 0
Visitor: 1

rss Syndication

Posts sent in: July 2013

Jul302013

Why Every Finance Professional Needs a Degree in Big Data











Unfortunately, the skills needed to use Big Data are scarce. In the current business world, there arent very many data scientists who both know how to use technologies like Hadoop and have the business savvy to analyze data and ask the right questions that generate clear choices. Analysts and consultants have trumpeted the shortage of data scientists. McKinsey & Co .







Finance Director Jerry Apple Battled Cancer, But Kept Working






Carlos Osorio/AP/File Enlarge If youve been following the news this week, youve heard that the city of Detroit has filed for bankruptcy . The city is holding $11.5 billion in unsecured debt, the repayment of which has the city in such a deep financial hole that they cant keep up with the basic maintenance of the facilities they already have. Trent Hamm The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds we just want simple ways to manage our finances and save a little money.







Serbian finance minister cedes economy brief, averts risk of snap poll






Credit: Reuters/Marko Djurica BELGRADE | Sun Jul 28, 2013 4:34pm BST BELGRADE (Reuters) - Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country's ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia's biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. Financial markets seem likely to welcome Dinkic's continued presence in government. He has slowed the rate of increase of Serbia's budget deficit and public debt, which had ballooned to all but scuppered hopes of a new precautionary loan from the International Monetary Fund.







Personal finance lessons from the Detroit bankruptcy






In 2003, Apple ran for finance director. He was most recently re-elected to the post in 2011. In addition to his city work, Apple was an accounting professor at the University of Akron. Roth said that unless someone files petitions to run for the seat by next week, Tax Administrator Patricia Bertsch will serve in the position until a new finance director is elected in 2014.




Admin · 12 views · Leave a comment
Categories: First category
Jul302013

Why Every Finance Professional Needs a Degree in Big Data








Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore






The problem is that the amount of available data to analyze has exploded in the past five years. Until recently, there wasnt a need for Big Data specialists, because there simply wasnt the ability to organize data in a way that enabled effective decision making. Segmenting audiences and sampling opinions was the best even rigorous theorists could do. But in recent years online merchants like Netflix and Amazon demonstrated the value of using copious transaction data to treat every customer differently. Marketers began to understand they could manage reputational risk by monitoring Twitter, Yelp and even YouTube.







Business Finance Store President to Speak at Beauty, Brains, Business Convention this Aug. 15-17






The Chennai-headquartered company had reported a net profit at Rs 94.81 crore in the corresponding period of the previous year, Sundaram Finance said in a statement. Source: PTI Like this story, share it with millions of investors on M3 Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore Non-banking finance company Sundaram Finance has reported a 22.3-percent increase in net profit for the first quarter ended June 30 to Rs 115.99 crore. The Chennai-headquartered company had reported a net profit at Rs 94.81 crore in the corresponding period of the previous year, Sundaram Finance said in a statement. Post your opinion here Like this story, share it with millions of investors on M3 Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore Non-banking finance company Sundaram Finance has reported a 22.3-percent increase in net profit for the first quarter ended June 30 to Rs 115.99 crore.












The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions. The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance.




Admin · 5 views · Leave a comment
Categories: First category
Jul302013

Big finance is strangling innovation








D.C.?s campaign finance laws need reforming






According to a report by the Economic Policy Institute , American CEOs now earn 273 times the average workers salary. Thirty years ago, the average chief executive of a large public company took in less than 30 times the pay of the typical worker. Have CEOs really becomethatmuch more valuable? As Lazonick points out, social norms have to change. In Japan, stratospheric executive pay is considered unacceptable because theres an understanding that making a company work is a collective endeavor.

















Instead, the entire settlement proceeds have gone to the secured debenture holders who have now been repaid all of the $12.3 million they were owed, plus a small amount of interest. When LDC called in the receivers nearly six years ago, the unsecured debenture holders and call account holders were owed just over $9m. LDC was the substantial loser in the settlement with the trustees for F&I Finance, another Nelson- based financier funded by mum and dad investors, securing $5.8m. In a written statement, Grant Thornton, the new receiver of LDC Finance said: "The 468 secured investors of LDC Finance are to receive repayment in full of their capital investment plus a partial interest distribution, in total $4.9m." The settlement came after a court fight between PWC, the former receivers of LDC, and F&I's trustees.







LCD Finance loses out after settlement






Editorial Board New outbreaks erupt in Somalia and Kenya. The board deferred action after referring the matter to the U.S. attorneys office. That investigation resulted in Mr. Browns resignation as council chairman after he pleaded guilty to a misdemeanor charge of violating a city campaign statute and to felony bank fraud unrelated to the campaign.




Admin · 6 views · Leave a comment
Categories: First category
Jul292013

Big finance is strangling innovation








How Finance Fueled Students' And Nonprofit's Future






But dont hate it for being beautiful; its got substance, too. The forest boasts 8 wilderness areas, 2,500 miles of trail, 1,900 miles of winding service system roads, and 12 ski resorts (should your snow shredders fit the trunk space). If ice isnt your thing: take the tire-friendly Flat Tops Trail Scenic Byway 82 miles connecting the towns of Meeker and Yampa, half of which is unpaved for you road rebels. fs.usda.gov/whiteriveryou Image credit: Getty Chattahoochee-Oconee National Forest via Noontootla Creek, GeorgiaBoasting 10 wildernesses, 430 miles of trail and 1,367 miles of trout-filled stream, this Georgia forest is hailed as a campers paradise.












Private sector pension corpus is managed by 8 players including three fund managers who manages the government employees' corpus. The other five players are HDFC Pension Management Company Ltd, ICICI Prudential Pension Funds Management Company Ltd, Kotak Mahindra Pension Fund Ltd, Reliance Capital Pension Fund Ltd and DSP BlackRock Pension Fund Managers Pvt Ltd. The National Pension Scheme (NPS), which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009, has accumulated a corpus of Rs 33,000 crore (as of March 2013) contributed by 50 lakhs subscribers. Last fiscal, the pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 per cent while investment in government debt earned 13.52 per cent. Besides, Swavlamban scheme generated a return of 13.40 per cent.







D.C.?s campaign finance laws need reforming






With this experience under our belts and with the knowledge that there are innumerable nonprofits that could benefit from impact investments, we devised sofiwire.com , a database for social enterprises to search for funding given their individual characteristics. Student interest isnt the only expanding aspect of impact investment. Financial firms including Goldman Sachs are turning to impact investing as another profitable revenue source that may do even more for their reputation than for their bottom line. Boston Consulting Group estimates impact investing in the market may comprise as much as 1 billion ($1.5 billion) by 2016. The Global Impact Investing Network (GIIN) is even more optimistic, estimating that, of those already engaged in impact investing, 5-10 percent of overall portfolios will be allocated to impact investments in ten years. With customer activism and public fallout from 2008 still lingering, investors and foundations are speaking up: a rapidly growing supply of capital is seeking placement in impact investments across geographies, sectors, and asset classes, with a wide range of return expectations ( GIIN ).







Finance Ministry may allow 5 pvt funds to manage pensions of govt staff




Finance Minister P Chidambaram. (IE Photo)

Board of Elections. The board first raised issues with the campaign in 2011 after a D.C. Office of Campaign Finance audit pinpointed the campaign committees failure to account for more than a quarter-million dollars in donations and expenses while it funneled $239,000 through a political consulting firm to a company operated by Mr. Browns brother. Washington Post Editorials Editorials represent the views of The Washington Post as an institution, as determined through debate among members of the editorial board.




Admin · 5 views · Leave a comment
Categories: First category
Jul282013

Why Every Finance Professional Needs a Degree in Big Data









CFOs need to make sure that their organizations are ready to respond to these requests. They need to develop plans for hiring and training staffers. They need to be ready to advise other departments about who to hire to make use of this emerging technology. Most of all, the CFO has to help create a culture in which managers habitually use predictive analytics to make decisions rather than relying on experience and gut instinct alone. Unfortunately, the skills needed to use Big Data are scarce. In the current business world, there arent very many data scientists who both know how to use technologies like Hadoop and have the business savvy to analyze data and ask the right questions that generate clear choices.










Financiers may appear to be simply making money out of money, but if you look closely, you can see that they are really getting rich on the backs of people producing useful things, like consumer electronics, and capital goods like factories and equipment. Good jobs, the health of the overall economy and society, growing incomes for the poor and middle classall of these things have been put aside in the quest for more financial profits. The game is unsustainable. And its turning out badly. To get the economy humming, argues Lazonick, you want to fuel the kind of growth that allows people to enjoy higher living standards.







Serbian PM threatens to oust finance minister






Credit: Reuters/Francois Lenoir By Maja Zuvela BELGRADE | Sat Jul 27, 2013 1:25pm EDT BELGRADE (Reuters) - Serbia's prime minister piled pressure on Finance and Economy Minister Mladjan Dinkic on Saturday to cede one of his portfolios or face being ousted from the Balkan country's coalition government. "It's crucial to have a division of responsibilities by splitting the ministry of finance and economy if we are serious about pursuing our goal of economic and fiscal consolidation," Prime Minister Ivica Dacic told a news conference. The ultimatum comes as the coalition tries to agree a cabinet reshuffle and avert a snap election that would likely delay the start of European Union membership talks from January next year. The two biggest parties, Dacic's Socialists and the national Progressive Party, signaled on Friday that they had agreed how to reshuffle their own ministers, but there was no word from the junior partner, Dinkic's United Regions of Serbia (URS). Without URS's 16 seats, the remaining coalition parties would still hold a slim majority in parliament.




Admin · 4 views · Leave a comment
Categories: First category

1, 2, 3, 4, 5, 6, 7, 8, 9, 10  Next page