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Aug252013

Sand Hill Finance LLC Converts Remaining Balance of IceWEB, Inc. Convertible Debenture








The Role of Finance May Be Changing, But the Route to the Top Remains the Same






Convertible Debenture Conversion Price at 38% Premium to Current Market Price STERLING, Va.--( BUSINESS WIRE )-- IceWEB, Inc. (OTCBB:IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOXTM BYOD (Bring Your Own Device) Private Digital CloudSolution, announced today that Sand Hill Finance, LLC has converted the remaining principal balance of $1,642,739 due on its secured convertible debenture into 37,000,000 shares of the common stock of IceWEB, Inc. The conversion price was $0.0444 cents per share, a 38% premium to the recent share price of IceWEBs common stock. As a result of the conversion, based on 392,817,360 common shares of IceWEB, Inc.







Consumer Finance Company Coming Soon to Cleveland, OH






So why were earnings in the Finance sector so hot? These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%.







Finance is the Biggest Sector Once Again






Cleveland, OH (PRWEB) August 22, 2013 TMX Finance, one of the nations largest and fastest growing consumer finance companies, is expanding into Ohio. The company is currently searching for General Managers to help grow its consumer finance business in the Greater Cleveland, OH Area. If you live in, or around, this area and are looking for a dynamic career with significant earning potential and tremendous advancement opportunities, we encourage you to visit our website at or send your resume directly to Nicole Jones at nicole(dot)jones(at)titlemax(dot)com. About TMX Finance TMX Finance is one of the largest and fastest growing consumer finance companies in the United States. Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan.










Small Business Advisor Remind me when I share | Not you? Log out of Facebook How to remove this experience The Role of Finance May Be Changing, But the Route to the Top Remains the Same By Richard Barrett | Business 2 Community 10 hours ago Print The Role of Finance May Be Changing, But the Route to the Top Remains the SameYou can only join The 100 Group if you hold or have held the position of CFO in a UK company that is or was listed in the FTSE 100 and if they invite you. The members of this organization are the elite of their profession and certainly do some excellent work reviewing and advising on various impending regulation and the like. But after 20 years of hearing that the role of finance is shifting towards helping develop strategy and increasing partnering with the business, one would have thought that the qualifications, career paths, and origins of these finance leaders would have begun to show some signs of change.




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Aug242013

AT&T Recognized For Most Effective Finance Organization








12 Personal Finance Lessons, Broken Down, In Woody Allen's 'Blue Jasmine'






With a powerful array of network resources that includes the nations largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse and AT&T DIRECTV brands. The companys suite of IP-based business communications services is one of the most advanced in the world.







Covington finance director accused of embezzlement






... We hope so. But it doesnt look good. Klein said Dues access to city bank accounts, funds, records and computers has been suspended, and all of that has been secured. Klein said he and Warnock have met with outside law enforcement agencies, including Covington police and the commonwealths attorney and his staff Friday, all in an effort to ensure transparency throughout this ongoing investigation that is currently under way as we speak. Due has been the city finance director since Jan. 6, 1999. He earns $100,090.







Sand Hill Finance LLC Converts Remaining Balance of IceWEB, Inc. Convertible Debenture






and terminating the financing agreement with the Company. Converting the Sand Hill Finance note to equity is a major achievement for IceWEB, and has significantly strengthened our balance sheet and improved our cash flow position. Sand Hill Finance has been a great partner to us over the years, and their conversion of the debt at an above-market price is a reflection of their confidence in the direction of the Company, said Mark Lucky, Chief Financial Officer of IceWEB, Inc. "We are confident in IceWEB's management team and believe in their vision for the company's future," said Sand Hill Finances President, Mark Cameron.










Dwight hasnt bothered to check out Jasmines story that she was married to a surgeon who died of a heart attack. Theyre on their way to pick out an engagement ring when the truth surfaces through an improbable and unfortunate turn of events. What are you delusional? Dwight asks when reality comes crashing down. Didnt you think I would eventually find out? They abruptly part ways.







Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum






Liu Thai Ker, former CEO of Housing Development Board Singapore and Advisory Board Chairman of Center for Liveable Cities; Hassan Ahmad, CEO of Mercy Relief; Graham Saunders, Head of Shelter and Settlements at the International Federation of Red Cross and Red Crescent Societies; Dr. Mohamed El Sioufi, Coordinator, Housing and Slum Upgrading, UN-Habitat, Nairobi; Richard Northcote, Head of Communications, Public Affairs and Sustainability of Bayer MaterialScience; and Efren Penaflorida, 2009 CNN Hero of the Year. The Forum, themed 'Housing as a foundation for breaking the poverty cycle', will feature five discussion tracks, focusing on affordable housing finance, disaster resilience and climate change, shared value and corporate social responsibility leadership, housing policy and advocacy, and sustainable housing solutions. Apart from the Wharton-Habitat housing finance course, the event will feature a one-day workshop on the Eco-Town Framework by the Philippine Climate Change Commission and demonstration/discussion workshops by the Asian Development Bank on energy efficiency technologies and sustainable energy for all. Entry to all workshops is included in the registration fee and seats are limited on a first come first served basis.




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Aug242013

India central bank allows non-bank Islamic finance firm











LEGAL CHALLENGE Last year, the RBI directed Kochi-based Alternative Investments and Credits Ltd (AICL) to stop its non-interest NBFC business almost a decade after the firm was launched. This prompted an ongoing legal challenge by AICL. "The grant of an NBFC licence should have an impact on the AICL proceedings and there are good chances that the matter may get settled soon," said Suprio Bose, Mumbai-based lawyer at Juris Corp, a law firm which previously represented AICL. "The event reflects a significant and welcome change in RBI's attitude towards sharia-based NBFCs and sets a precedent for others to follow suit." However, many analysts think that unless and until full-fledged Islamic banks are permitted in India, an Islamic finance sector will find it hard to develop. "I don't think there is going to be a rush for NBFC applications.







Finance Ministry seeks cabinet nod for stuck infra projects






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. Recent posts The Christian Science Monitor Weekly Digital Edition Over a long period of time, it all presents a very positive picture. When I read through my old articles, in fact, I keep thinking to myself, Wow, I wish I was as strong at personal finance as that guy! The reality is that I fail at personal finance things, more often than I like. RECOMMENDED: Can you manage your money?







Sand Hill Finance LLC Converts Remaining Balance of IceWEB, Inc. Convertible Debenture






As part of the transaction, Sand Hill Finance is releasing its security interest in the assets of IceWEB, Inc. and terminating the financing agreement with the Company. Converting the Sand Hill Finance note to equity is a major achievement for IceWEB, and has significantly strengthened our balance sheet and improved our cash flow position. Sand Hill Finance has been a great partner to us over the years, and their conversion of the debt at an above-market price is a reflection of their confidence in the direction of the Company, said Mark Lucky, Chief Financial Officer of IceWEB, Inc.







In personal finance, nobody's perfect






Bankers, however, say revival of stalled projects will not spur credit growth immediately. "You have to understand that once the regulatory clearances come, it will take around six months to have some actual ground level movement," an executive director with a state-run bank said. "And banks will not disburse further until there is some development." Banks have so far disbursed 51,546 crore to the 20 identified big-ticket projects. Since April, the finance minister has held review meetings with bankers and promoters in all major cities on the issue.




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Aug242013

Finance Ministry seeks cabinet nod for stuck infra projects








RBI allows non-bank Islamic finance firm






"You have to understand that once the regulatory clearances come, it will take around six months to have some actual ground level movement," an executive director with a state-run bank said. "And banks will not disburse further until there is some development." Banks have so far disbursed 51,546 crore to the 20 identified big-ticket projects. Since April, the finance minister has held review meetings with bankers and promoters in all major cities on the issue. The ministry has also directed banks to take up the concerns in their state-level banker committee meetings for better co-ordination among themselves and the state governments.







Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum






One in eight still lives in a slum in the region; so there is tremendous scope for collaboration between governments, businesses and civil society to improve the situation," said Rick Hathaway, Vice President for Asia-Pacific, Habitat for Humanity International. He added: "The traditional approach to tackling poverty housing by simply building more homes is one dimensional and limiting. Solving the problem requires addressing affordability of housing finance, climate change and disaster resiliency, land rights inequality, infrastructure planning, basic services provision, sustainable livelihoods, and adoption of green solutions. These are touch points that will be up for discussion at the forum." Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr.








Finance Ministry seeks cabinet nod for stuck infra projects

RBI's attitude towards the sharia-compliance concept is yet to be tested," said Shariq Nisar, director of research and operations at Mumbai-based Taqwaa Advisory and Shariah Investment Solutions. Running a sharia-compliant financial institution under Indian regulations is still difficult and other firms are likely to stay on the sidelines pending the success of existing schemes before deciding to join in, he added. Islamic equity and venture capital products have attracted little demand in India and NBFCs could face the same fate, said Nisar. "NBFC business overall has been declining over the years." The RBI issued guidelines for NBFCs in June, cracking down on debt issuance by an industry that relies heavily on capital markets to fund its business but has faced less regulatory oversight than banks.




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Aug222013

Atlas Air, Gilead Sciences and NYC Finance Department Named Pinnacle Award Finalists for Treasury Excellence








Maharashtra finance department launches austerity drive






Gilead Sciences' eight-member treasury team automated many manual processes, including multiple, unstandardized wire platforms. Along the way to improving real-time visibility into cash balances, the treasury team adopted new technology in less than eight months for more than 130 bank accounts in 30 countries with $2 billion in investments and $3.5 billion in foreign currency. The New York City Finance Department centralized data for bills and payments and improved speed, accuracy and customer service by creating the first city agency solely responsible for payments expertise, policy and procurement, providing guidance and services to agencies needing payment solutions.As the department developed fast, affordable and reliable electronic payments functionality to collect $49 billion of receipts generated by 36 individual agencies totaling 29 million individual payments, it also strengthened regulatory compliance. ABOUT AFP The Association for Financial Professionals (AFP) is the professional society that represents finance executives globally. Headquartered outside Washington, DC, AFP sets the standards for the Certified Treasury Professional and Certified Corporate FP&A Professional credentials.















Maharashtra's debt burden on March 31, 2013 was Rs 2.46 lakh crore. It is estimated to balloon to Rs 2.7 lakh crore by March 31, 2014. The letter urged all departments to wake up to financial realities and recognize that the state has limited resources. It exhorted departments to undertake cost-cutting exercises to maintain fiscal balance. The instruction comes at a time when the Democratic Front government is facing flak for cost escalations in irrigation projects.




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