Sections SEARCH Skip to content Skip to site index Log In Subscribe Log In Today’s Paper DealBook | One Investment Firm Found a Silver Lining in the Mortgage Industry: Software DealBook Supported by Breakingviews ByTom Buerkle Feb. 13, 2019 Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. __________ No, this isn’t about Fannie Mae. And don’t get confused with Jed Clampett’s hayseed daughter Elly May on “The Beverly Hillbillies,” either. It’s Ellie Mae, the publicly traded provider of mortgage-processing software-as-a-service to American home lenders. The investment firm Thoma Bravo is paying $3.7 billion to acquire the Pleasanton, Calif.-based Ellie Mae. That’s more than 25 times the software company’s projected earnings before interest, taxes, depreciation and amortization … [Read more...] about One Investment Firm Found a Silver Lining in the Mortgage Industry: Software
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The foreign-invested enterprises which have been running large, prolonged losses and large related-party transactions, will be inspected for tax compliance. The General Department of Taxation ordered tax inspections at companies running large losses The General Department of Taxation (GDT) has just sent a document asking provincial and city Departments of Taxation to inspect and supervise groups, corporations, and companies, which reported big losses over the past years. According to the GDT, from the beginning of the year to October 23, tax authorities have conducted 70,102 inspections, reaching 78 per cent of the yearly plan and equalling 97 per cent of the same period last year. The resulting tax arrears detected by the amounted to VND12.84 trillion ($558.2 million). According to tienphong.vn, based on the list of businesses in the 2018 plan of inspection, tax agencies will need to start immediately auditing certain groups, corporations, and businesses. The GDT also … [Read more...] about Major loss making foreign invested firms to be inspected for tax compliance
Allie Gross Detroit Free Press Published 4:22 PM EDT Oct 18, 2018 The Troy investment firm that's in negotiations to purchase Park Avenue House in Detroit was "quite shocked" to learn last week, via a Detroit Free Press article, that the seller had given 30-day notices to its residents, many of whom have lived in the building for years. "They knew there were residents in the property but they were positioned as month-to-month residents — which technically they are — but it wasn't explained that they were month-to-month residents, some of whom have been there since 1975," said attorney Bill Nowling who is representing the buyer, MKiezi Investments. "That's an important fact that they now know; they want to do the right thing by residents." According to Nowling, who will not discuss terms of the negotiations, Detroit Mayor Mike Duggan reached out to MKiezi Investments, whose principal is Mario Kiezi, after seeing the article to … [Read more...] about Troy investment firm MKiezi negotiating to buy Park Avenue House
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by ByDavid Barboza and Michael Forsythe Aug. 2, 2018 WASHINGTON — Just over a year ago, two senior executives from the giant Chinese conglomerate HNA landed a meeting with Steven Mnuchin, the United States Treasury secretary, at his office. The executives, Adam Tan and Guang Yang, snapped a photo with Mr. Mnuchin, holding a model plane of the HNA-owned carrier, Hainan Airlines. Officially, they wanted to discuss the state of the American economy. But HNA had other urgent business: It was trying to buy the New York investment firm SkyBridge Capital. The deal had been languishing for months while the Treasury Department and other agencies reviewed it for potential national security concerns. Other acquisitions, too, were on hold, putting pressure on a spending spree that had turned HNA into a … [Read more...] about U.S. Is Expanding Power to Block Chinese Firms. HNA Was Already No Match.
The share prices of several food companies, such as Kraft, Hormel, Pilgrim's Pride and Tyson Foods, have fallen recently as trade partners impose tariffs on U.S. goods in retaliation for the Trump administration's moves to increase tariffs on a litany of products, analysts said. In the past few days multiple investment firms have lowered their stakes in Tyson Foods Inc., according to various analytics companies that watch market activity. Ken Shea, a senior food and beverage analyst at Bloomberg Intelligence, said the international trade climate is likely to blame. "A lot of the meat producers are doing particularly poorly, probably as a result of the trade uncertainties, which include the soybean prices which would lower meat costs. It's that kind of thought," Shea said. "A lot of these stocks have done well prior." Tyson shares have steadily declined since January, down from a 52-week high of $84.65. Shea said Tyson's shares fell about 8 percent in the past month. They dipped 30 … [Read more...] about Trade tariffs soften shares of food firms