Latest Federal Reserve System Stories
VIENNA, Va., May 20, 2013 /PRNewswire-USNewswire/ -- Navy Federal Credit Union is sharing financial advice for members and U.S. federal government employees facing a loss of income due to sequestration. (Logo: http://photos.prnewswire.com/prnh/20080117/DC11807LOGO-b) "Being prepared as early as possible and making sure your finances are in order can help you adjust to a reduced paycheck," says Claudia Warszawski, personal finance manager at Navy Federal. "It's so important to...
Sixth Consecutive Quarter of Positive Adjusted EBITDA NORCROSS, Ga., May 9, 2013 /PRNewswire/ -- Official Payments Holdings, Inc. (Nasdaq: OPAY), a leading provider of electronic payment solutions, reported results today for its fiscal year 2013 second quarter (Q2 fiscal 2013). The Company is hosting a call/webcast today at 5:00 p.m. EDT to review its results: Conference Call Dial-In: 888-790-2049 Participant code - "OPAY" Webcast/Replay:...
Public, Private, Non-profit Leaders Create New Opportunity for Cities BOSTON, May 3, 2013 /PRNewswire/ -- Public, private, and non-profit leaders across Massachusetts are teaming up to help resolve economic issues in smaller cities - and they're challenging leaders in those communities to do the same. (Logo: http://photos.prnewswire.com/prnh/20130503/NY07011LOGO) Joined by representatives from 20 Massachusetts communities, Federal Reserve Bank of Boston President Eric Rosengren,...
ALEXANDRIA, Va., May 1, 2013 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of an $11 million round of debt financing for CardioFocus. The credit facility was awarded to CardioFocus from both Oxford and Silicon Valley Bank. Funds will be used to increase the company's available capital to fund growth, while it expands its international commercialization...
New Banking Relationship Aligns Credit Facilities with Corporate Growth Strategy MILWAUKEE, April 25, 2013 /PRNewswire/ -- ARI Network Services, Inc. (OTCBB:ARIS), a leader in creating, marketing, and supporting SaaS and DaaS solutions that connect consumers, dealers, distributors, and manufacturers in selected vertical markets, announced today the closing of new senior secured credit facilities with Silicon Valley Bank. The new credit facilities are structured to help ARI better...
LIVONIA, Mich., April 23, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that it has entered into a new credit facility that provides for a term loan in an aggregate amount of $420,000,000. The maturity date for the term loan is April 23, 2020. The term loan will bear interest at (i) an alternate base rate (which is the highest of the Prime Rate, the...
Credit Union among few lenders nationwide offering no money down option. VIENNA, Va., April 22, 2013 /PRNewswire-USNewswire/ -- Navy Federal Credit Union is putting members in homes with its proprietary Home Buyers Choice mortgage--a one hundred percent financed, no private mortgage insurance required, 30-year, fixed rate, conventional loan--and says the program can enhance the beginnings of mortgage industry's turnaround. (Logo:...
VIENNA, Va., April 16, 2013 /PRNewswire/ -- Spear, Inc. (Spear), a leading provider of IT solutions and management consulting services to the federal government, announced today the appointment of Beth McCall as the Senior Vice President of Spear's Federal Civilian Division. With over 25 years of experience in the federal IT industry, Beth will advance Spear's sales and business development platform within the civilian federal marketplace to include all federal healthcare. As a...
SAN FRANCISCO, April 9, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (the "Company" or "Digital Realty") (NYSE: DLR) today announced the closing of an underwritten public offering of 10.0 million shares of 5.875% Series G Cumulative Redeemable Preferred Stock (the "Series G Preferred Stock") at a price of $25.00 per share for gross proceeds of $250.0 million (including 1.0 million shares pursuant to the partial exercise of the underwriters' over-allotment option). The Series G...
Advocacy Releases Study of the Relationship between Bank Health and Small Business Exports WASHINGTON, April 4, 2013 /PRNewswire-USNewswire/ -- Improved small business lending by banks in the United States would boost exports by the smallest businesses, says a new report issued today by the U.S. Small Business Administration (SBA) Office of Advocacy. The report, called The Impact of Credit Availability on Small Business Exports, examines the relationship between steep declines in...
