Here’s why the Financial Times might really be for sale this time

Pearson PLC, the British company that publishes The Financial Times, is said to be exploring a potential sale of its venerable business daily–known for its salmon-colored newspaper pages–for as much as $1.6 billion, according to a report by Bloomberg on Monday. Similar rumors have swirled around the FT a number of times in the past and nothing much has come of them, but there are a number of reasons why this time could be different, and why Pearson may be looking to sell.

For one thing, if the Bloomberg report is accurate, Pearson appears to have received actual expressions of interest from potential acquirers–a group that likely includes German media giant Axel Springer...

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Robert Dean vying to be next GR mayor to address ‘looming’ budget deficit

This week, FOX 17 is sitting down with each of the four candidates vying to be the next mayor in Grand Rapids to find out where they stand on issues facing the city and why they ultimately chose to run.

GRAND RAPIDS, Mich. It was roughly 15 years ago when Robert Dean first ran for city commission. He would eventually win the seat which had been held by then-commissioner George Heartwell.

Now, after a political career spanning nearly 20 years, Dean could once again wind up filling a seat that will soon be left empty by Mayor George Heartwell due to term limits.

Dean, who has served two terms in Lansing as a state representative, told FOX 17 he decided to jump into the race...

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Miller Energy hopes to avoid bankruptcy, CEO says (MILL)

  • Miller Energy (NYSE:MILL) says it does not intend to file for bankruptcy as it deals with debt woes, fines, failed wells and a shortage of revenues.
  • Despite its defiance, MILL says that from an accounting perspective, substantial doubt exists about its continued survival; in its delayed FQ4 earnings report, MILL said one option is to sell non-core assets and that it is evaluating several offers.
  • MILL says it has $6.2M in cash and $183.6M in debt, and that it has a pending agreementwith a private financing source for a $165M loan to pay down most of its debt, but the loan has not yet been finalized.
  • MILL says it recorded an $82.5M impairment charge on a key unsuccessful...
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GlobalData: global upstream activity falls

Global upstream oil and gas deal activity, including capital markets and mergers and acquisitions (Mamp;A), totaled US$19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015, says research and consulting firm GlobalData.

According to the companys latest monthly upstream deals review, upstream Mamp;A accounted for $8.8 billion from 18 transaction announcements in June 2015. While this was a significant drop from $11.7 billion in May 2015, the number of Mamp;A transaction announcements increased from 13 in the previous month.

Capital raising continues at the healthy clip seen in 2015,...

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What does Iran nuclear deal mean for Syria?

Losing Syria would be devastating for Iran. So, Iran is willing to do a lot to keep Assads regime standing, Juneau explains.

Already Irans aid to its imperilled ally – in the form of cash, loans, oil and possibly weapons – is immense. Iran also reportedly organises foreign fighters, usually Shiites from Afghanistan to West Africa, to help the regime.

Saudi Arabias response to the deal will help shape Tehrans steps in the months to come.

Increased support from the monarchy for Sunni rebels battling Assad could strengthen the hand of Iranian hardliners who want to use as many resources as possible to counter Saudi Arabias influence.

Since King Salman took...

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How to Avoid Bankruptcy

Not only individual Canadians, but also those holding themselves out as advisors to consumers in financial distress, often fail to explore a comprehensive approach to addressing debt problems.Mark Silverthorn, former collection lawyer and collection industry insider

The purpose of this series of articles is to explore the various strategies that a Canadian can use to avoid bankruptcy. These strategies fall into five basic categories:

  1. Strategies for raising cash for use when resolving your outstanding debt
  2. Strategies for improving monthly cash flow
  3. Strategies for making yourself...
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afb raises GH¢38m in bond offer on GSE – Graphic Online

The company initially offered GH¢30 million worth of bonds to the investing public and raised GH¢38 million, which represents 30 per cent oversubscription.
The issue received long-term ‘investment grade’ rating of ‘BBB’ from Global Credit Rating (GCR) company.

Speaking at the bond offer, the Managing Director of the GSE, Mr Kofi Yamoah, said the increased attempts by companies to raise fresh funds through listing of bonds were an attestation that the Ghanaian capital market had picked up.

He urged the private sector and the Government of Ghana to take advantage of the current interest from investors to tap into the capital markets to finance their...

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Leadership – Finances

However, it is in regard to expenses that most of us are not passing our tests. If a leader is not financially free, he will always make wrong decisions and have less joy and peace than he/she should have. The best way to become financially free is to have a lifestyle that is far below your income levels. Therefore make sure that you operate each and every month with a written budget where your expenses are less than your income.

Put a practical system in place where you can make 100% sure that you give away what you should, that you save what you should and that you do not spend more than you earn over a long period of time. Be aware of debt. The only debt that is justifiable is that...

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Saving For Retirement | Money Matters

KNOXVILLE, Tenn. (WVLT) — A new study from Bank Of America and Merrill Lynch shows two out of every three people in the United States are worried about saving enough money to retire. Here are a few tips to help people save.

Trae Wieniewitz of Knoxville-based Wieniewitz Financial said the first bit of advice may sound old, but its sound.

I know it sounds archaic, but youve got to write things down, Wieniewitz said. Once you have a budget, you can start to save.

He also said establishing an emergency fund for tough times is essential.

Six to nine months is a good start, he said. That way, if something comes up, you can pay cash for it instead of using credit...

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International Personal Finance Plc Given "Buy" Rating at Numis Securities Ltd …

Numis Securities Ltd reiterated their buy rating on shares of International Personal Finance Plc (LON:IPF) in a research report released on Tuesday morning, Market Beat Ratings reports. Numis Securities Ltd currently has a GBX 550 ($8.58) price objective on the stock.

International Personal Finance Plc (LON:IPF) opened at 389.7000 on Tuesday. International Personal Finance Plc has a 1-year low of GBX 348.00 and a 1-year high of GBX 590.00. The stock has a 50-day moving average of GBX 458.13 and a 200-day moving average of GBX 463.35. The companys market cap is pound;899.55 million.

In other International Personal Finance Plc news, insider Dan OConnor bought 41,500 shares of the stock...

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