Corporate Cashflow Magazine articles from January 1992

Corporate Cashflow Magazine archives from January 1992

Losses to multiply; gavel falls on side of women, disabled. (enactment of Civil Rights Act of 1991) (risk management)
January 1, 1992... Now that the 1991 Civil Rights Act has been signed into law, employers find themselves in a potentially volatile arena, where employees may sue more often and for greater damages. Specifically, the Act allows juries to award punitive...

Improved yields can shield against interest rate slide. (cash management)
January 1, 1992... Low interest rates have treasurers searching for ways to improve yields on invested corporate cash without sacrificing essential safety or liquidity. Warren D. Nadel and Co., Greenvale, NY, markets a triple-portfolio, hedged...

EFT debits clear security hurdle, tackle float issues. (electronic funds transfer)
January 1, 1992... Sessions at the 1991 Treasury Management Association conference underscored the trend to pay through automated clearing house (ACH) debits, reported earlier in CORPORATE CASHFLOW (August 1991, p. 31). Corporate resistance to electronic debits...

Direct link aids US West in making CP issuance simple. (commercial paper transactions)
January 1, 1992... Cash management operations have become increasingly automated and computerized, but for many corporations, issuing and recording commercial paper transactions have remained painfully manual. Now US West Inc. has found a way to automate this...

Direct deposit to be mandatory, more states are saying. (all-electronic payroll)
January 1, 1992... State legislation permitting corporations to mandate direct deposit of payroll could save employers money and eliminate payroll checks. Many companies already offer a direct deposit option to employees, but even when they can persuade most...

Despite lumps, asset-based lenders keep advancing. (commercial financing)
January 1, 1992... Last fall, when Westinghouse Electric Corp.'s commercial finance arm wrote off $.68 billion (mostly failed loans secured by real estate), concern was raised that commercial finance companies might follow banks and insurance companies into the...

Tough times raising capital for below-investment-grade firms. (Cover Story)
January 1, 1992... When Nike Inc.'s athletic shoes became an overnight sensation in the late 1970s and early 1980s, it needed plenty of capital to keep up with skyrocketing sales. But the small, unrated company was not taken seriously by traditional lenders. ...

Smaller firms stretch for private placement funding.
January 1, 1992... As the economy struggles to escape the current recession, a fundamental shift in the U.S. capital markets could be the single largest obstacle to a sustained recovery. Increasingly, access to new debt financing is being limited to large...

Does 'larded' ADR market make investors' profits fade? (intermediation of American Depository Receipts)
January 1, 1992... Globalize! has been the clarion call to investors since the world began to grow smaller, thanks to telecommunications and air travel. Now, the armchair traveler's route to a global portfolio--buying American Depository Receipts (ADRs)--is...

Cutting risk management staff: fell the tree, but save the forest. (includes related article)
January 1, 1992... When the current recession reared its head, most corporations moved to cut costs, stimulating yet another wave of middle-management "downsizing." Risk management staffs were among the casualties. A perennial question has taken on new...

Raise capital by working in tandem.
January 1, 1992... Companies that need capital and want to grow, but already are leveraged to the max, have options other than selling equity; they may want to consider a strategic alliance or joint venture with an overseas partner. In these days of global...

Vintage assets key to winning repo strategy. (repurchase agreements) (Basic Points) (Column)
January 1, 1992... Jeff knows cars. As part of a standard exercise during my cash investing workshop, I asked him to give me an example of an outstanding collectable. His reply caught me by surprise: "A 1932 Delage D8, 4-litre, super-sports cabriolet." I...

Uncle Sam seeks expedited, electronic tax collections. (Internal Revenue Service) (Washington Watch) (Column)
January 1, 1992... How corporations pay federal taxes will change significantly as the U.S. government, after promoting electronic disbursements during much of the 1980s, turns its attention to the collection side. Although the changes will require...

Bond calls increase as interest rates fall. (Capital Ideas) (Column)
January 1, 1992... "Corporations have been calling bonds left and right, and the outlook is for more of the same," says Jim Drury, a corporate bond specialist at Prudential Securities, New York. In October, Commonwealth Edison, Chicago, announced the early...