Blockbuster filed a Chapter 11 petition in NY City bankruptcy court on September 23rd, listing assets of $1.02 billion vs. debt of $1.46 billion. The filing “provides the optimal path for recapitalizing our balance sheet and positioning Blockbuster for the future, as we continue to transform our business model to meet the evolving preferences of […]
The U.S. Senate passed H.R. 5927, a bill to create a Small Business Lending Fund, by a 61-38 vote. The House of Representatives, which previously passed a similar bill, is expected to pass the Senate’s version next week. A key component of the bill is to create a $30 billion fund that the government would […]
New York State’s Empire State Development is accepting applications for its $50 million small business revolving loan fund until September 30th. The fund was conceived and approved to create economic activity by providing greater access to capital for small businesses. Small retail, service and manufacturing businesses across New York State are eligible to apply. The […]
Senator Mark Udall of Colorado has introduced legislation which would allow Credit Unions to make loans to small businesses up to 27.5% of their assets, compared with the current limit of 12.5 percent, “Bloomberg Business Week” reported. If adopted, the amendment would make an additional $10 billion available for small business lending, and create up […]
I am scheduled to teach Introductory Finance for Business at The New School 4pm Mondays, starting 8/30/10. The course provides an understanding of financial statements and concepts for students with no prior knowledge of the subject and is enlivened by excerpts from TV and Movies that deal with business finance. We need just a few […]
When Sam Zell completed an $8.2 billion acquisition of the Tribune Company in December 2007 with an equity investment of only $315 million, he was described alternately as “reckless” and a “genius” by the financial press. Zell’s main strategy was to sell assets and deleverage his position, but plans to sell the Food Network fell […]
David@RudofskyAssociates.com
Phone: 1-914-216-3566
Based in New York City. Doing business nationally.
