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Nassau Asset Management of Roslyn Heights, NY, has issued its NasTrac Quarterly Index (NQI), which indicates that repossessions of tractor-trailer trucks declined 70% in the third quarter (Q3) compared with the same time frame in 2003. In addition, repossessions of machine tools, a closely watched barometer of economic activity, dropped 72% in Q3, a finding that correlates with other indicators within the manufacturing industry. The report further showed:
The current NQI reports on the top five repossessed capital assets in Q3 2004, which include trucks/trailers, printing presses, medical devices, machine tools and construction equipment, according to Nassau's internal records on liquidations.
Siemens Financial Services, Inc. (SFS) of Iselin, NJ, has announced that it has expanded its lending capabilities in the areas of leasing and asset-based lending. SFS will expand its existing mid- to large-ticket equipment financing and asset-based lending facilities to customers throughout North America. In addition, SFS will expand its presence abroad by providing international financing and long-term forfeiting capabilities to customers across the European Union. SFS will expand into the global marketplace through a new suite of lending, leasing and long-term trade finance capabilities. The new offerings will be part of the company's Commercial Business Finance group, formerly called Capital Markets, and SFS in the US will hold global responsibilities for these new offerings. SFS also plans to significantly increase the size of its sales force supporting these new products. The company is also seeking loan and leasing portfolios to further expand its global presence.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.