MSC Industrial Direct to acquire Utah distributor
Melville-based MSC Industrial Direct Co. has signed an agreement to acquire Salt Lake City-based ATS Industrial Supply. The deal is expected to close Jan. 31, company officials said. MSC, a distributor of metalworking and maintenance, repair and operations supplies, will finance the acquisition of ATS, also a metalworking and MRO distributor, using available cash, although [...]
How to Keep Cash Flow Coming In
One of the main problems facing Americans today is a lack of cash flow. As the economy gets worse and gas prices go up, it is getting harder to make ends meet. If you are completely reliant on your paycheck each month, the last few days or weeks of the month may be getting pretty [...]
Pacific West Capital Group to Host Seminars in Irvine
Pacific West Capital Group announced today that they will host informational seminars on January 17 and 18 at Ruth’s Chris Steakhouse in Irvine, California. Pacific West Capital Group representatives will discuss investing in the Life Settlement market. The company has specialized in the sale of beneficiary interests in life settlements to individual investors for the [...]
Market Buzz: Downward trend to continue for Russian indices
The downward trend of the past few days will continue for the Russian market. “The market is stuck in a pretty narrow trading range. It’s driven largely by global news flow, by statistics coming from Europe and US. Their worry would be the potential downgrade of the European seven states by S&P”, says Maksim Shashenkov [...]
State Bancorp buys back TARP shares
State Bancorp, the parent company of State Bank of Long Island, has redeemed all $36.8 million of its stock issued as part of the Troubled Asset Relief Program. The Jericho-based firm bought back the preferred stock it issued to the U.S. Department of the Treasury on Dec. 5, 2008 as part of the TARP capital [...]
Why Invest?
Do you have some money socked away, or are you planning to sock some money away for the purpose of investing? Are you wondering why investing would be a smart idea and how you can best benefit from the act of investing? Simply put, you are going to want to invest so that you can [...]
Foresters UK Encourages a More Caring Approach
According to the Chancellor’s Autumn statement, the UK faces another 5 years of austerity and some financial commentators are predicting a decade of hard times. With economic growth forecast trimmed for this year and reduced to 0.7% for 2012, the chances of a rapid recovery are small. GBP15bn a year spending cuts are already scheduled [...]