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Purlieu Solutions, LLC (Purlieu) of Atlanta, GA, a global provider of business opportunity and receivables management services, announced today that it has acquired the USA business operations of Admerex Ltd (ASX: ADL) of Sydney Australia. The terms of the transaction (for an undisclosed amount) calls for Purlieu to absorb all the CWX software clients in [...]
Purlieu Solutions, LLC (Purlieu) of Atlanta, GA, a global provider of business opportunity and receivables management services, announced today that it has acquired the USA business operations of Admerex Ltd (ASX: ADL) of Sydney Australia. The terms of the transaction (for an undisclosed amount) calls for Purlieu to absorb all the CWX software clients in [...]
In a lone bright spot of economic news this week, mortgage applications increased last week in a time that is typically slow for home purchases. According to the Mortgage Bankers Association, mortgage applications rose by 1.5 percent from a bump in loans acquired for home purchases. MBA’s Government Purchase Index rose 8.5 percent, and applications [...]
Showing a certain shamelessness in spending taxpayer money, the Treasury Department said Tuesday it would invest $200 billion to fee up the asset backed securities market. The intent is to thaw the frozen consumer lending market.
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $1.7 billion in the third quarter of 2008, a decline of $27.0 billion (94 percent) from the $28.7 billion that the industry earned in the third quarter of 2007. With the exception of the fourth quarter of last [...]
Aspect, a unified communications and contact center software and services provider, today announced it has been selected as a Gold winner of the Massachusetts Alliance for Economic Development’s Fifth Annual Team Massachusetts Economic Impact Award. This is the only award of its kind in Massachusetts, honoring a select group of companies from across the Commonwealth [...]
Equifax, Inc., (NYSE: EFX), a global information solutions provider, and Initiate Systems, Inc., a leader in master data management (MDM) solutions, today announced an agreement to deliver solutions using Initiate Systems’ technologies and data services from Equifax Commercial Information Solutions. Leveraging Initiate’s industry-leading software and Equifax’s world-class business data, businesses gain deeper insight into their [...]
Unhappy Thanksgiving: A feast of famine — no jobs and no insurance — and a parable for the ARM industry
Like their financial services counterparts, businesses on both sides of the health care accounts receivable management equation are seeing more accounts that need collection work, but less cash flowing from recovery efforts, according to the latest Kaulkin Ginsberg Quarterly Credit & Debt Collection Industry Confidence Survey. More than 70 percent (70.7%) of healthcare collection agency [...]
The Commerce Department Tuesday revised gross domestic product contraction in the third quarter of 2008 to -0.5 percent, a change that was slightly less severe than most economists had expected. Commerce originally reported a GDP contraction of -0.3 percent in the third quarter. Economists polled by MarketWatch and Bloomberg expected today’s revision to show negative [...]