Business Credit articles from June 2006

Business Credit archives from June 2006

Caution warning to China exporters.(front page)(Brief article)
June 1, 2006... Global Credit Solutions (GCS Group) head office, located in Melbourne, Australia, has recently advised a number of clients located in China who have been exporting to India and Pakistan to take care with regards to payments of accounts. A...

NPC Iran will be second largest commodity chemical producer in the world by 2015.(National Petrochemical Co.)(Brief article)
June 1, 2006... Chemical Market Associates, Inc. (CMAI) recently noted in a report that the National Petrochemical Company (NPC) in Iran will become the second largest commodity chemical producer in the world by 2015, ranking only behind Dow Chemical, but...

International Paper agrees to sell 275,000 acres of Adirondack forestland.(The Lyme Timber Company)(Brief article)
June 1, 2006... International Paper has signed an agreement with The Lyme Timber Company for the sale of approximately 275,000 acres of forestland in New York's Adirondack Park for approximately $137 million. The sale of forestlands is part of International...

Antifreeze for crops to bring rich rewards.(Antarctic Hairgrass)(Brief article)
June 1, 2006... Scientists have discovered antifreeze genes in a unique grass from Antarctica that could mean millions of extra dollars in farmers' pockets. Australian scientists based in Antarctica have discovered that Antarctic Hairgrass has a remarkable...

Seven-in-ten Canadians pay attention to issues related to corporate social responsibility.(front page)(Survey)(Brief article)
June 1, 2006... A new Ipsos Reid/CBSR poll of Canadian businesses and the Canadian public shows that 68 percent of Canadians pay attention to issues related to corporate social responsibility (CSR). The poll also shows that three-quarters of leading Canadian...

Scotland's "wind rush".(front page)(carbon emissions reductions)(Brief article)
June 1, 2006... Dozens of wind farms are up and running in Scotland, with hundreds more planned, as developers scramble to take advantage of Scotland's blustery climate and lucrative subsidies for renewable energy. Local businesses, environmentalists and...

Calendar.(Calendar)
June 1, 2006... JUNE June 1 Paperwork Deadline for Nationwide Certification (CBA, CBF, CCE) Exam July 24, 2006 NACM Education Dept. For more information, please contact the NACM Education Dept. at 410.740.5560. June 7 Teleconference: An Update on...

Thanks for the memories.(commentary)
June 1, 2006... IT'S BEEN AN EXCITING YEAR AND A PRIVILEGE TO have served as your National Chairman; never in my wildest dreams did I think that I'd have the many experiences I've enjoyed this past year. I've pinched myself many times trying to figure out how...

Credit management, on location.(SELECTED TOPIC)(credit managers responsibilities)
June 1, 2006... It was a crisp, sunny day in the outskirts of Beltsville, Maryland. In a dilapidated industrial park, a silver Taurus was searching for what seemed to be a bad address. Up and down the street it slowly crept, both the driver and passenger...

Blogging: a business matter.(SELECTED TOPIC)(blogging software usage)
June 1, 2006... The current movement in personal writing and instant publishing is called blogging. Unlike traditional media that require lead time for publishing, blogs are frequently-updated, often daily online journals of opinions, information and links to...

NACM Board of Directors 2006-2007.(National Association of Credit Management)
June 1, 2006... Chairman of the Board Mark Tuniewicz, CCE Principal Preferential Payment Experts, Ltd. Term: 2006-2007 'I'm honored and humbled at my election as NACM'S National Chairman. I welcome the opportunity to give back to the...

Credit Manager's Index: for April 2006 ... Now seasonally adjusted!(CMI)(Statistical data)
June 1, 2006... The Combined Credit Manager's Index (CMI) fell a modest 0.6 percent for the month of April on a seasonally adjusted basis. The decline was comprised of a 1.8 percent fall in the service sector index and an offsetting rise of 0.5 percent in the...

No license--free ride?(CONSTRUCTION CORNER)(cases of MW Erectors, Inc.)
June 1, 2006... For nearly 70 years, California has embraced a statutory licensing scheme for contractors. The Contractors' State License Law, Ca. Bus & Prof. Code [section] 7000, et seq. (the CSLL) significantly punishes a contractor for failure to maintain...

UAL Corp. posts $306 million loss.(Construction Corner)
June 1, 2006... United Airlines parent UAL Corp. reported a larger than expected first-quarter loss a loss of $306 million, before reorganization items, despite the completion of its 38-month bankruptcy overhaul. UAL blames the shortfall on record fuel prices,...

Wachovia buying Golden West Financial Corp.(Construction Corner)(Brief article)
June 1, 2006... Wachovia Corp. announced that it signed a $25 billion agreement to acquire Golden West Financial Corp., one of the West Coast's last remaining independent banks. The combined company will have assets of $669 billion, and its banks will be...

NACM and the National Honors and Awards Committee congratulates our 2006 National Awards recipients.(The 2006 National Honors And Awards Program)(National Association of Credit Management)
June 1, 2006... National Credit Executive of the Year Gary White, CCE is the National Credit Executive of the Year. This award goes to an individual who epitomizes an outstanding credit professional. Mr. White, HVCS Manager for Waste Management in Houston,...

U.S. construction starts: show strength early in 2006.(Headline)
June 1, 2006... Reed Construction Data announced that U.S. construction starts, excluding residential projects, increased 9.5 percent in the first two months of 2006 compared to the same period in 2005. The value of non-residential construction starts...

Green businesses: building value over the long term.(Reprint)
June 1, 2006... LACKING APPROPRIATE MARKET signals, current business practices often harm both ecosystems and human communities. A green business simultaneously enhances natural capital, social capital, and economic capital. It creates new opportunities for...

Sustainable business practices.(SELECTED TOPIC)(Website list)
June 1, 2006... As global awareness and concern about the long-term health of the worlds environment increases, some stakeholders and business leaders have begun to call on the business community to play a major role in moving the global economy toward...

Mechanics' liens and construction bonds under Louisiana law.(CONSTRUCTION CORNER)
June 1, 2006... Louisiana is the only one of the 50 states which bases its legal system on civil, as opposed to common, law. These are the two prominent legal systems in the Western world. Common law is derived from the English legal system; civil law was...

Hurricane Katrina recovery voted top construction story of 2005.(Brief article)
June 1, 2006... Journalists, writers, editors, publicists and others serving the information needs of the construction industry have selected the top construction story of 2005 in a survey conducted by the Construction Writers Association (CWA). Not...

GSA offers free online listing to firms that recycle construction debris.(General Services Administration)(Brief article)
June 1, 2006... If your firm hauls, collects or processes recyclable debris from construction projects, it is entitled to a free online listing in the General Services Administration's (GSA) Construction Waste Management Database. GSA's Environmental...

Doing business the socially responsible way.(TerraPass)
June 1, 2006... "It's hot to be green," said Tom Arnold, Chief Environmental Engineer for TerraPass, a company that invests in clean, renuable sources of energy. As concerns grow over global warming, environmental pollution, dwindling stocks of fossil fuels,...

Ford promotes driving greener miles.(Ford Motor Co. joins TerraPass)
June 1, 2006... Green is a color that often denotes environmentally friendly themes. However, it will soon be a color that can be associated with those who purchase cars made by Ford Motor Company. Ford has teamed up with TerraPass to promote a "Greener Miles"...

Quinault Indian tribe creates income using sustainable business practices.(Brief article)
June 1, 2006... The Quinault Indian Nation, located on the Olympic Peninsula, in the Pacific Northwest, has been harvesting the rich bounty of its pristine waters for decades through its tribally owned seafood company--Quinault Pride Seafood Products. ...

Export credit insurance: don't leave the country without it.(Headline)
June 1, 2006... There is a lucrative and relatively unknown financing tool that businesses large and small can use to expand their horizons. If the desire to export your product overseas seems appealing, then export credit insurance is something to be looked...

Involuntary bankruptcy petition upheld: media providers' claims against advertising agency not subject to bona fide dispute.(CREDIT COLUMN)(Marketing and Creative Solutions Inc)
June 1, 2006... Trade creditors have the power to involuntarily force a business debtor into bankruptcy. However, the requirements for an involuntary bankruptcy, contained in Section 303 of the Bankruptcy Code, create defenses that a prospective debtor could...

Footprint of nations: world's ecological footprint exceeds biocapacity by nearly 40%.(Brief article)
June 1, 2006... The Ecological Footprint is a measure of the amount of nature it takes to sustain a given population over the course of a year. According to the new 2005 Footprint of Nations report, humanity's footprint is 57 acres per person while the Earth's...

UK insolvency statistics for the first quarter of 2006.(Brief article)
June 1, 2006... There were 3,439 company liquidations in England and Wales in the first quarter of 2006 on a seasonally adjusted basis. This was an increase of 7.6 percent on the previous quarter and an increase of 17.0 percent on the same period a year ago....

Business Ethics Magazine lists "100 Best Corporate Citizens" for 2006.(REQUIRED READING)
June 1, 2006... Business Ethics Magazine has released its annual survey of the "100 Best Corporate Citizens" in the Spring 2006 issue. The closely-watched survey has gained national recognition as an indicator of best practices in the area of corporate social...

19 states move forward to collect Internet tax.(state governments improves tax collection techniques)(Brief article)
June 1, 2006... With last week's ceremonial signing in Philadelphia of the Streamlined Sales Tax Project, 19 states have selected to remove the sales tax collection difficulties of small and medium sized businesses over the Internet. The Streamlined Sales Tax...

Internal sales fraud against the company and the credit manager.(REQUIRED READING)
June 1, 2006... Sales fraud is generally contextualized as the sales frauds that target customers. However, sales frauds also exist in many other contexts, which are frequently hidden under other organizational behavioral descriptions, such as poor management...

Virtual worlds: today and in the future.(SELECTED TOPIC)(Virtual World Entertainment)
June 1, 2006... Increased broadband access and the emergence of more powerful computers for everyday use are fueling a rise in the popularity of shared multi-user online spaces known as virtual worlds. Virtual worlds are simulated environments accessed by...

Business and credit challenges in China today.(INTERNATIONAL)
June 1, 2006... By any number of economic measures, China has become a global economic juggernaut. Chinese economic advances have brought about significant challenges to many U.S. companies that have lost market share due to competition from Chinese companies...

Non-U.S. companies struggle to make Sarbanes-Oxley compliance sustainable in the longer term.
June 1, 2006... Non-U.S. companies that are required to comply with Section 404 of the Sarbanes-Oxley legislation for the first time this year are so focused on the year one deadline that they are struggling to make the process sustainable for the future,...

How rising wages are changing China.(keeping good workers)(Brief article)
June 1, 2006... From the textile and toy factories of the south to the corporate headquarters and research labs in Beijing and Shanghai, the No. 1 challenge in China today is finding and keeping good workers. Turnover in some low-tech industries approaches 50...

Hot Spots: Iraq.(oil reserves)
June 1, 2006... Four and a half months since Iraqis bravely went to the polls, the country finally has made some meaningful moves toward forming a new government. Parliament confirmed President Jalal Talabani for a second term in office, who then asked the...

What tomorrow's candidates need to know today.(SELECTED TOPIC)(skilled professional recruitment)
June 1, 2006... No one knows what the future holds, but workers often wish they could get a sneak peak. Being able to predict what developments will affect a particular field, which industries are poised for growth and which skills employers will seek can...

Credit at work.(credit department internship programs )
June 1, 2006... Dear Andy, I would like to begin an internship program in my credit department. How can I attract top intern candidates from colleges in my area? Internships are becoming one of the most sought-after prizes on college campuses. It's...

Getting commercial in Indian Country.(REQUIRED READING)(business enterprises)
June 1, 2006... Indian tribes are not merely casino entrepreneurs or cigarette wholesalers. In conjunction with America's largest corporations, Indians are now engaged in real estate development, banking and finance, telecommunications, wholesale and retail...

Predicting and pre-empting the corporate heart attack.(SELECTED TOPIC)
June 1, 2006... Long before a crisis hits; long before it shows in the financials; or even in the parametrics; the signs are there for those who know. Harry was a gray man. His hair was gray. His eyes were gray. That day his face was gray. Harry has had a...

Successful day on capitol hill for NACM.(member news)(National Association of Credit Management)
June 1, 2006... On April 25, among the lobbyists and constituents shuffling to and from Congressional offices in the nation's capitol, was a contingent of NACM members presenting their views on the important issues affecting business credit. The occasion was...