Goldman Sachs Secures $1.75B Loan for JC Penney
CNBC reported that Goldman Sachs has secured $1.75 billion in financing for department store chain JC Penney.
CNBC reported that Goldman Sachs has secured $1.75 billion in financing for department store chain JC Penney.
Real GDP accelerated in Q1/13, increasing 2.5% after increasing 0.4% in Q4/12, according to the BEA. The pick-up was largely accounted for by a rebound in inventory investment.
CFO reported that new Senate legislation and a report from the inspector general of TARP address the unsolved problem of U.S. megabanks deemed “too big to fail.”
Paragon Financial experienced an increased interest in factoring services from staffing companies in recent months, with new demand coming from a wide range of areas including IT, healthcare, security personnel and other sectors.
Bloomberg reported the U.S. economy probably accelerated in the first quarter as consumer spending grew by the most in two years and businesses rebuilt inventories.
Griffen Land & Nurseries said it closed on a new $12.5 million revolving line of credit with Webster Bank. The line replaces an expiring revolver of the same amount with Doral Bank.
A host of news sources are reporting that GE Capital has halted its lending program for purchases from gun shops. The sources said letters were sent to shops notifying them that the program would be terminated for future purchases.
In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in March decreased 5.7%. This decrease followed a 4.3% February increase.
Revenue and employment growth in the U.S. middle market continue to outpace expectations and broader growth nationally, according to the latest Middle Market Indicator by the National Center for the Middle Market
In the first quarter of 2013, private company executives’ optimism about the 12-month prospects for the U.S. economy rose eight points, according to the latest PwC US Private Company Trendsetter Barometer.