Corporate Cashflow Magazine articles from July 1991

Corporate Cashflow Magazine archives from July 1991

Sharp tactics of bondholders deflate management's drive. (Financing)
July 1, 1991... When Hasbro Corp. offered to buy beleagured Tonka Corp. for $7 a share this spring, most shareholders tendered but the deal fell through, blocked by bondholders who balked at receiving 75-80 cents on the dollar. To buy off the bondholders,...

Trade finance: a growing market for smaller banks, firms.
July 1, 1991... Opportunities in trade financing are shifting. Regulatory changes have chipped away at the attractiveness of export-import and domestic trade financing generally. Bankers acceptances have become more expensive, while competing forms of...

Insurer insolvencies spur outpouring of rating services.
July 1, 1991... While a published rating may be a good starting point for evaluating the fiscal soundness of an insurance underwriter, risk managers are cautioned to do more research in today's economy. Moody's Investor Services, Stardard & Poor's Rating...

Medicare caps lead to corporate gouging if like limits not set. (Investments & Benefits)
July 1, 1991... Experts who track health care costs say the latest effort by the federal government to restrain soaring physician fees will wind up costing employers more unless they join managed care ranks. Reductions in what the federal government will...

Joint ventures: pulling the right pair from the pile. (includes related articles on financial management and tax planning)
July 1, 1991... The past decade has witnessed an explosion in the number of joint ventures and other strategic alliances formed. Industry sources indicate that the number has grown from hundreds in the 1950s to thousands in the 1980s. Joint ventures have...

Making treasury an in-house bank: as centralized power station, treasury electrifies bottom line.
July 1, 1991... Corporations with diversified operations, access to burgeoning bank data and powerful computer systems to manage it are finding there is money to be saved and even earned by centralizing more treasury functions and in some cases establishing...

Escape from the maze: probe bank statements to save big bucks.
July 1, 1991... Once the opening documentation has been completed and the letter of instruction sent to put in operation a corporate bank account, there is a tendency to assume that it will function well. That is often right, but enough things will go...

Caddy's guide to keeping repos out of the rough. (repurchase agreements) (Basis Points) (column)
July 1, 1991... Stanley, still perspiring after the wicked slice on the 18th fairway with which he concluded last month's "Basis Points" column, was seated to Michael's right, and a young lady in street clothes, someone I didn't know, was sitting to Michael's...

Interest on corporate DDAs? A glimmer of hope. (demand deposit accounts) (Washington Watch) (column)
July 1, 1991... A Federal Reserve proposal clamping down on sweep arrangements used by corporations to earn returns on balances that would be idle if they stayed in demand deposit accounts (DDAs) could help focus attention on the long-standing quest by...

IPO comeback lifts debt from LBO-saddled companies. (initial public offering, leveraged buyout) (Capital Ideas) (column)
July 1, 1991... In March, Duracell International, the Bethel, CT-based maker of alkaline batteries, decided the time had come to go public. Early in 1990 the initial public offering (IPO) market had staged something of a comeback. But that came to a...