09 OctBrace Yourself: Our Latest Look At Student Debt

Sadly, the chart above doesnt illustrate all the student loans outstanding. We dont have a data source for private loans for college expenses, but the New York Fed estimates total student loan debt to be in the neighborhood of $1.2 trillion.

The best source economic analysis of the imact of tuition debt for the larger economy is the New York Fed, whose economists keep a close watch on this topic. See this slide set (PDF format) posted earlier this year: Student Loan Borrowing and Repayment Trends, 2015.

09 OctHow to Start Your Debt-Free Retirement Plan Today

As a financial advisor for more than 30 years, I’ve met a lot of people from all income levels. And one thing holds true no matter how much or little you own: Everyone cares deeply about what’s theirs. A persons $40,000 nest egg is just as important to them as another person’s $10 million estate.

Yet, with how much retirement savings mean, its surprising how prevalent debt is, even in retirement.

Eliminating debt — or better yet, avoiding it altogether — is one of the pillars of a successful retirement. Here is how you can decrease your debt before retirement.

Read: How to Retire With at Least $1,000,000

The Importance of Retirement Planning

In 2010, the average debt among individuals close to retirement was more than $120,000, according to the Social Security Administration. Much of that debt is owed to housing, though student loans are a sizable chunk of it too, as is consumer debt. This amount of debt can be a massive burden for Americans in retirement, when most individuals need to cut back on expenses to stretch savings.

Planning ahead for retirement can help you map out how you will tackle debt leading up to retirement so you dont outlive your retirement savings. A proper financial plan gives you a line of sight to your desired future and helps you stay the course over time. Because a proper financial plan includes an emergency fund of three to nine months of income, it can also help you avoid falling into debt if you stumble along your way to retirement — or if a financial emergency crops up.

Say, for instance, your water heater breaks. With an emergency fund, you can pay for repairs out of pocket. Without proper savings, however, youll pay with a credit card, piling you under high-interest debt.

Retirement planning done right positively affects your whole life. It gives you a sense of security, direction and motive as you save for retirement.

Creating Your Retirement Plan

Find a trusted financial advisor and work with them to identify your short- and long-term goals. Your entire plan should be focused on meeting these goals. Consider how you want to live in retirement, what kind of legacy you want to leave behind and how much youll need to save for health-related issues.

You should also create a personal financial snapshot. Make sure you understand your assets, debts, cash flow, expenses, lifestyle desires and more.

Once you have established what you want, what you have and what you owe, you and your financial advisor can work together to decide on the right investment mix and portfolio structure to help you achieve your goals. Your advisor will also help you create plans for tackling your different kinds of debt, and help you decide whether its worth it for you to pay off debt or save your money in an investment account.

Related: How Much Will My 401k Be Worth?

The important element of any successful retirement plan is commitment to the plan and regular assessment. At the least, you should be assessing your retirement plan annually. Over time, your goals and circumstances might change, forcing you to rework your strategy so you can retire debt free.

8 Ways to Reduce Debt Before Retirement

Retiring without debt is ideal, but even if you can’t get to zero, you should eliminate as much debt as possible. Here are some ways to cut down on debt.

1. Gradually Increase Savings

Strengthen your commitment to saving by putting an extra $50 per month in a separate savings account for one year. The following year, double how much you save. By saving $50 each month for one year and $100 each month the following year, you can have more than $1,800 in two years to pay down debt, put in an emergency fund or invest.

2. Trim Fees You Regularly Pay

From mutual funds to modems to ATM machines, you likely pay a lot of fees. Examine your bills to find fees you can cut, then take the savings and apply them to your debt. For instance, managing cash better avoids bank overdraft and other account fees. Similarly, consider lower-cost exchange-traded funds instead of mutual funds for investing.

3. Minimize Your Mortgage

Consider refinancing your mortgage for a lower interest rate. Also look at decreasing your term, say from 30 years to 15 years. Although you will have to pay more per month, youll potentially be able to relieve your retirement years of the burden of a mortgage.

Another strategy to consider is making one or more additional payments each year. If your payment is $1,000 per month, for example, and you pay $83 each month, youll make about 13 payments annually. Over time, this strategy can knock years of payments off your home loan.

4. Break Old Money Habits

If youre a habitual bad spender or squeamish saver, aim to break your habits for one month. If youre a chronic spender, for instance, commit to analyzing every nickle and dime you spend for one month. Then, use however much you saved for that month on debt.

If youre a squeamish saver, challenge yourself to save a nominal amount regularly. A weekly investment of $40 can produce more than $500,000 over an investment lifetime.

Read: 28 Retirement Mistakes People Make

5. Turn a Hobby Into a Business Venture

If you have a hobby or passion, turn it into cash to help you tackle debt. If you like golf, for example, work as a course ranger. You’ll cut down on your golf costs with employee perks and make a bit of extra cash on the weekend. You can also babysit, sell crafts online or pick up freelance work.

6. Downsize Your Life

As a retiree, you probably don’t need or want a house big enough for a family of five. Sure, you might love your home, but high taxes and regular repairs wont make for successful golden years. Downsizing can result in a good housing fit and free up money for debt reduction. Youre sure to pay less in taxes and maintenance costs on a much smaller home.

7. Help Yourself First

Many retirees want to help their children with money. The problem is they do it while they’re in a perilous financial position themselves. When you have debt, you have to learn to say no to others and pay yourself first until your finances are in order. It might be difficult, but cutting off your kids might be the best financial move you can make, both for you and your kids.

8. Liquidate

Your source of cash for extra debt payments might be lying around your house. Check your attic, jewelry chest or anywhere else for valuable things you’ve accumulated. Selling belongings you dont use or appreciate can be a source of financial windfall.

Commit to Your Retirement Plan

The reason you work hard is so you can retire comfortably. Retirement should be a great time of your life. Dont let debt saddle down your golden years. Use these tips to avoid a retirement filled with financial woes.

Create a retirement plan that aggressively tackles existing debts, and find new and creative ways to help you make money on the side. You might have a few stumbles along the way, but if you can stay the course, youll enter retirement with massive savings.

09 OctPhilip Meeks to Join Charter as Executive Vice President, President of …

STAMFORD, Conn., Oct. 5, 2015 /PRNewswire/ –Charter Communications, Inc. (NASDAQ: CHTR) today announced that Philip G. Meeks will join the Company as Executive Vice President, President of Business Enterprise Services upon completion of the announced merger with Time Warner Cable. In this role, he will oversee all aspects of Charters Business Enterprise unit and will report to Tom Rutledge, President and Chief Executive Officer.

Phils knowledge and understanding of the commercial telecommunications industry is all-encompassing, said Rutledge. With a proven track record of success, Phils leadership will be instrumental to the continued growth of our enterprise business.

Meeks currently serves as Executive Vice President and Chief Operating Officer for Business Services at Time Warner Cable, where he leads the rapidly growing business services unit, serving over 650,000 business customers and accounting for over $3 billion in annualized revenue. Prior to that, he served as Senior Vice President of Cox Business, where he led 3,500 employees in making it the fastest growing business unit in the enterprise.

Before joining Cox in 2008, he was the co-founder and lead executive for a start-up company focused on enhancing the supply chain between technology vendors and value added resellers in the Internet security, data storage and VoIP markets. Meeks served in various strategy, sales and account management roles during 20 years of service at MCI Telecommunications, including Senior Vice President of Sales Operations and Senior Vice President of Strategic Ventures and Alliances. He started his career at ATamp;T Information Systems/Southern Bell in 1979 and progressed through various sales and marketing leadership roles.

Meeks is a graduate of the University of Georgia, where he earned a Bachelor of Arts degree in Marketing and Journalism. He also completed Executive Education programs at both the Massachusetts Institute of Technology and the University of Virginia.

Meeks will be based at Charters Stamford, Connecticut corporate headquarters.

About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV video entertainment programming, Spectrum Internet access, and Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charters advertising sales and production services are sold under the Spectrum Reach brand. More information about Charter can be found at charter.com

Logo – http://photos.prnewswire.com/prnh/20110526/AQ10195LOGO

SOURCE Charter Communications, Inc.


09 OctSmall Business, Enterprise and Employment Act reaches next phase

The next phase of the Small Business, Enterprise and Employment Act is due to come into force this week, from Saturday 10th October, with the aim of reducing levels of red tape for small business owners and increasing overall transparency.

The three headline changes to the Act are not drastic and are likely to be viewed within the small business community as minor tweaks as opposed to streamline procedures.

The initial phase of the Act was introduced in May 2015 regarding bearer shares. Share warrants to bearer known as bearer shares were abolished. Any existing share warrants must now be surrendered within nine months.

This months phase is centred on the following issues:

Date of Birth

As of 10th October 2015, Companies House will no longer list the full date of birth of any company directors, in an effort to minimise the risk of personal fraud and identity theft. At present, directors full names, residential address, any other companies theyve been involved with and their date of birth are listed on the Companies House web portal.

Nevertheless, anyone forming a new company will still be required to supply their full date of birth to Companies House.

Accelerated company strike-offs

Presently, limited companies that need to be shut down formally must be done so through the strike-off procedure. However, the procedure can only be used if the business hasnt traded for the last three months and has no outstanding debts. Applications that meet these criteria are made and published in The Gazette.

This gives anyone who believes they are owed money by this company to object. Assuming no-one objects to the company being struck off it is closed down after three months.

The next phase of the Small Business, Enterprise and Employment Act will reduce this notice period to just two months to accelerate the shut-down process.

Digital lsquo;consent to act letters

At present, all limited companies must retain paper documentation at their registered office address, known as statutory registers. However, this next phase is gradually phasing out the need for paper documentation on-site, replacing them with digital versions.

Currently, when a company is formed the directors and secretaries must sign a form to say that they have chosen to take up their role within the company and accept their legal responsibilities. This is known as a lsquo;consent to act. In the event something goes wrong with a company and they are sued or prosecuted it is often the company directors that will be summoned to court.

The next phase of the Act will automatically add a statement to company incorporation and officer appointment forms to confirm that new company directors and secretaries have consented to take on their legal responsibilities.

Directors and secretaries will no longer have to sign anything; it will be implied that they have agreed. Companies House will still write to new directors and secretaries to make them aware of their appointment and their statutory duties.

08 OctCornerstone Home Lending, Inc. Wins D Magazine’s Best of Big D 2015

HOUSTON, Sept. 22, 2015 /PRNewswire/ — The Dallas Branch of Cornerstone Home Lending, Inc. is honored to announce that it has been selected as D Magazines Best of Big D 2015 award winner.

D Magazine readers nominated and voted online for their beloved Dallas-area shops, restaurants, and service providers. Cornerstones Dallas Branch was among the winners of the annual readers choice poll.

Cornerstones Dallas Branch offers trusted professional guidance gained from 100+ years of combined experience. This dedicated group of Loan Officers makes a positive difference in their clients lives by treating each client with the utmost respect and providing the highest quality of service possible. Meeting the agreed-upon closing date is more than a priority at Cornerstone its a core conviction. Cornerstone is a refreshingly unique national home lender with thousands of highly-satisfied clients who return to Cornerstone year after year, loan after loan.

Founded in 1988 and based in Houston, Cornerstone Home Lending, Inc. (NMLS 2258) is a full-service mortgage banker with more than 100 offices in 19 states. Visit www.houseloan.com to learn more about Cornerstone and its services.

D Magazine was founded in 1974 with a vision of being an independent city magazine that would serve readers interests. D Magazine is Dallas connection to the best of Dallas from restaurants and entertainment to services and politics.

For a complete list of D Magazines 2015 Best Mortgage Professionals, please visit:

Branch NMLS 304721 | 8401 N. Central Expy., Suite 250 | Dallas, Texas 75225

SOURCE Cornerstone Home Lending, Inc.


08 OctbTrade Earnes Recertification as a Minority Business Enterprise

Glendale, California (PRWEB)
September 29, 2015

bTrade, the leading provider of compression and managed file transfer technology solutions, today announced that it has been recertified as a Minority Business Enterprise (MBE) by the National Minority Supplier Development Council (NMSDC). MBEs are typically certified by cities, states or federal agencies, and the predominant certifier for minority businesses is the NMSDC in conjunction with its 35-40 regional affiliates.

NMSDC certifications cover a wide variety of businesses from small minority-owned organizations to billion dollar powerhouses. According to the US Small Business Administration, minority-owned businesses account for nearly $700 billion in revenues. MBE certification is accepted and generally required by many of the largest publicly, privately and foreign-owned companies, as well as universities, hospitals and other buying institutions. NMSDC has an impressive list of corporate members that represent a veritable “Who’s Who” in corporate America.

Steve Zapata, bTrade’s President and CEO, commented on the MBE recertification: “Many Fortune 500 enterprises and an abundance of small to midsize businesses look for solutions from high quality, innovative security technology vendors. We are proud to have earned recertification in this exclusive group of technology providers, and I see this as another important step in demonstrating our continued commitment of delivering innovative and secure managed file transfer software solutions to organizations worldwide.”

NMSDC has established stringent certification standards which identify bona fide minority businesses, and the regional Councils do the investigation to determine whether a business is worthy of MBE certification. For the recertification process, bTrade worked with the Southern California Minority Supplier Development Council (SCMSDC). SCMBDC performed a combination of screenings, interviews and site visits to establish bTrade’s eligibility. This feature distinguishes NMSDC from other organizations or entities that publish directories which allow “self-certification” as their standard.

In business for more than 25 years, bTrade is a profitable and growing software technology company with headquarters based in Glendale, California. bTrade continues to enhance its managed file transfer solutions, including TDXchange, and help organizations with their managed file transfer and data security needs.

“We are honored that the SCMSDC board determined that bTrade’s employees and business processes meet their stringent standards and granted us recertification,” said Zapata. “The recertification will help place our software technology in a favorable position for continued growth, and is especially meaningful to our relationships with those organizations that are engaged in supplier diversity initiatives.

About bTrade

bTrade develops managed file transfer technology solutions for enterprises that share sensitive data across applications and organizations, and face complex security and compliance mandates. Thousands of customers depend on bTrade’s solutions to gain control and oversight of the movement of critical corporate data to facilitate data growth, reduce security risk, and improve IT and business efficiency. Our company legacy is a living force that drives our constant quest to perfect the managed file transfer process. bTrade is defined by the collective wisdom generated from over 25 years of insight and innovation in the managed file transfer field. Our commitment to, and focus on our core purpose–MFT software solutions–has earned us the trust and confidence of our many customers.

For more information on bTrade’s managed file transfer solutions and services, please visit bTrade.com.

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08 OctSmall Business, Enterprise and Employment Act 2015 (Commencement No 2 and …

The Small Business, Enterprise and Employment Act 2015 (Commencement No 2 and Transitional Provisions) Regulations 2015(the Regulations) were published on 18 September 2015.

The Regulations confirm that section 20 of the Small Business, Enterprise and Employment Act 2015, which amends section 87 of the Financial Services Act 2012 will come into force on 1 October 2015. This section relates to the complaints system operated by the FCA, the PRA and the Bank of England and amongst other amendments made, provides that the Independent Complaints Commission will be required to produce and publish an annual report on its investigations, including its recommendations for improving complaints handling procedures.

08 OctHuntington Bancshares Incorporated (NASDAQ:HBAN) Analyst Rating Update

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Sr EVP of Principal Sub) of Huntington Bancshares Inc/Md, Stanutz Nicholas G sold 9,850 shares at $10.87 on August 31, 2015. The Insider selling transaction had a total value worth of $107,070. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1% of Huntington Bancshares Incorporated Company shares. In the past six months, there is a change of -0.37% in the total insider ownership. Institutional Investors own 73.2% of Company shares. During last 3 month period, -2.79% of total institutional ownership has changed in the company shares.

The company shares have rallied 5.76% in the past 52 Weeks. On July 23, 2015 The shares registered one year high of $11.9 and one year low was seen on October 16, 2014 at $8.8. The 50-day moving average is $10.9 and the 200 day moving average is recorded at $11.17. SP 500 has rallied 4.59% during the last 52-weeks.

Huntington Bancshares Incorporated (Huntington) is a multi-state diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), Huntington is engaged in providing full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. The Company operates in four segments: Retail and Business Banking , Regional and Commercial Banking, Automobile Finance and Commercial Real Estate and Wealth Advisors, Government Finance, and Home Lending . In March 2014, the Company announced that it has completed its merger of Camco Financial Corp., parent company of Advantage Bank, based in Cambridge, Ohio.

08 OctSmall Business Enterprise and Employment Act (SBEEA) alert: October 2015 …

The Small Business, Enterprise and Employment Act 2015 (the Act) received Royal Assent on 26 March 2015. To access a copy of the Act:click here.

Whilst the implementation of Parts 7 and 8 of the Act (being those parts of the Act that deal with the corporate aspects and changes to the Companies Act 2006) is to be phased in over the next 15 months (to read the Governments provisional implementation timetable:click here), there are a number of changes coming into force in October 2015 that companies need to be aware of. You can read the AG overview of the implementation timetablehere.

In this fourth in our series of SBEEA Alerts on the corporate aspects (which broadly follow the order of their implementation) we look at the changes relating to the suppression of a directors day of birth details; director and secretary consents to act; and the accelerated company strike off procedure.

Date of Birth suppression for directors

Whilst companies will still be required to provide Companies House with the full date of birth (DOB) details for their directors, for new director appointments the day of such DOB (ie the day of the month in the year of a directors birth) will not appear on the public register in relation to director appointments registered on or after 10 October 2015. In future, a company search of directors registered on or after 10 October 2015 will reveal only the month and year of a directors birth. The reason for suppressing a directors day of birth is to make it more difficult for criminals to use this information to assist in identity theft and misuse personal data.

What about historic details?

As there is to be no retrospective suppression of a directors day of birth; those searching for details of existing directors will, for the time being, still be able to obtain full DOB details. This will be the case where the full DOB was contained in any documents filed at Companies House before 10 October 2015. Companies House hasnocurrent intention to implement a process along the lines of that which exists in relation to directors residential address information, which would allow a director to apply for the deletion of the day of birth on documentation that has already been filed.

How will the change be made?

Section 96 of the Act amends section 1087 CA06 and inserts new sections 1087A and 1087B.

In future, will a directors day of birth be possible to find?

The full DOB (ie including the day) will, however, be available for inspection in the following instances:

  • on the companys own register of directors note this differs from the regime which exists in relation to a directors usual residential address; and
  • where a company elects to hold the companys register of directors on the central register at Companies House (provisions for which are due to come into force in June 2016) where a directors full date of birth must appear.

Can the Registrar disclose this information? If so, when and to whom?

The Registrar mustnotdisclose the day of birth information to third parties, save in limited circumstances. These exceptions are set out in section 1087B CA06 and allow disclosure of full DOB information to certain public authorities and credit reference agencies. These are the same authorities that are able to receive information about directors residential addresses and include the Serious Fraud Office, various Security Services, the Bank of England, the Financial Conduct Authority and the Panel on Takeovers and Mergers.

Further, the current ability for a director to apply, under section 243 CA06, for an exemption whereby the Registrar will not provide a directors residential address to a specific credit reference agency that may request it, is to be extended to directors day of birth information.

How are these changes being made?

The Companies (Disclosure of Date of Birth Information) Regulations 2015 (Regulations) specify the conditions for disclosure of DOB information to public authorities and credit reference agencies. These also come into force on 10 October 2015. To access a copy of the Regulationsclick here.

The extension of the provisions of s243 CA06 to DOB information is being effected by new section 1087B (3) CA06.

Director and secretary disputes: filing and registration requirements – consent to act

One of the aims of the Act is to reduce the number of director disputes eg where someone may find they have been appointed as a director without their knowledge or consent. This is the driver for two of the changes coming into force on 10 October 2015 and a further change currently due to be implemented in December 2015.

1. Appointing directors and secretaries

When a new director or secretary is appointed, companies currently have 14 days to notify Companies House of any such appointment. In each case, this must be accompanied by a consent to act from the appointee. For paper filings, this is currently satisfied by the appointed officer signing the relevant Companies House form eg AP01, AP02, AP03, AP04 or IN01. For electronic/web filings the company would provide three out of seven pieces of requested personal information about the appointee (eg eye colour, parents maiden name etc) to act as personal authentication of the electronic filing.

From 10 October 2015, a company (or in the case of the formation of a new company, the subscribers) will instead need to deliver a statement that a relevant officer appointee has consented to act in the relevant capacity, as opposed to providing express evidence of their having consented to act. This will be achieved by ticking a box on the relevant Companies House form to confirm that such consent has been obtained. Note that relevant Companies House forms will still need to be signed by an officer of the company and, in so doing, act as the authorising signatory evidencing the appointment.

This means that when a company submits the relevant Companies House form, for paper filing it will no longer need to be signed by the director or secretary being appointed, and for electronic/web filing there will be no need to provide the personal authentication information in respect of officer appointments.

Notwithstanding the new regime, we would recommend that companies continue to obtain evidence of consent from each officer the appointment of whom is to be registered after 10 October 2015. The proposed changes relating to director disputes (due to come into force in December 2015) will make it easier for a director to bring an action seeking to have his/her details removed from the public register where he/she was falsely appointed. In these circumstances, companies will be required to provide evidence of each directors consent to act, thus obtaining express consent at the time of appointment will be helpful.

Where an officer is being appointed as a sole director, consent will still be required to be obtained by the company and the appointee will still be required to authorise the fact of appointment on the registration form. Thus, personal authentication information will still be required in such circumstances when electronic/web filing is used.

Revised Companies House forms are expected to be available on 10 October 2015.

How is this change being made?

Section 100 of the Act amends various provisions of the CA06 (namelysections 12, 95, 167 and 276). The changes apply in relation to appointments made on and following a companys incorporation.

2. Making directors aware of their obligations

A second aim of the Government in undertaking this area of reform is to increase directors awareness of their duties. From 10 October 2015, the Registrar will be obliged to write to all newly appointed directors, as soon as reasonably practicable after the registration of their appointment, to advise them they have been entered onto the public register at Companies House. Such notice will also contain or direct them to information about the role and statutory duties of a director.

How will this change be made?

Section 101 of the Act brings these changes into force by adding a new section 1079B to the CA06.

Further changes in the pipeline

Further changes to help reduce the number of director disputes are expected to come into force in December 2015. These include introducing a simpler and faster way to get falsely appointed directors details removed from the register which will apply where a company cannot provide evidence to satisfy the Registrar that a director has so consented. We will cover this change in more detail in a later Alert.

For those companies that use electronic filing, currently the information which is supplied to Companies House when appointing a director or secretary is deemed to equate to consent to act and an electronic signature. One of the flaws in the system is that information provided could be false with no ability for Companies House to know or check its accuracy. Thus, the proposed change, coupled with the requirement to write to all new directors regarding their appointment, will provide Companies House with an easier route to remove falsely appointed director details from the public record.

Quicker company strike-offs

Under s1000 of the CA06, the Registrar currently may only strike off a company if he has reasonable cause to believe it is not carrying on business or is not in operation. The Registrar must give notice of this intention and advertise the notice of proposed strike off in the Law Society Gazette. This process can take up to six months and gives creditors the opportunity to object.

The changes coming into force on 10 October (and applying only to procedures initiated after this date) will shorten various statutory time periods, thereby reducing the overall period that it takes for a company to be struck off the public register, from six months to four months.

How will the changes be made?

Section 103 of the Act amends section 1000 of the CA 2006. The time periods in the process to be shortened include:

  • reducing the time the Registrar must wait to send communications to the company from one month to 14 days;
  • enabling the Registrar to strike off a company two months after publication of the Gazette notice rather than the current three months.

What are the implications for companies and creditors?

Whilst this reduction in the overall time period should still give creditors sufficient time to object to a striking off, companies should be mindful that the changes will give them less time to respond to any Companies House initiated striking off procedures in the circumstances of, for example, CA06 filing defaults.

Further corresponding changes

Time periods are also being accelerated for striking off a company under s1001 of the CA06 (duty to act in case of company being wound up) and s1003 (striking off on application by a company) under which the Registrar must publish a notice in the Gazette. Again, the current three month period is to be reduced to two months.

Application of the above changes to other entities

The Companies and Limited Liability Partnerships (Filing Requirements) Regulations 2015 come into force on 10 October 2015, and will apply the above changes, as appropriate, to other entities including limited liability partnerships, Societas Europaea, European Economic Interest Groupings and unregistered companies. To access a copy of the Regulations:click here.

08 OctSteven Zipperstein Sells 22368 Shares of BlackBerry Stock (BB)

Several brokerages have issued reports on BB. RBC Capital lowered their price objective on BlackBerry from C$11.00 to C$10.00 and set a sector perform rating for the company in a research report on Wednesday, June 24th. BMO Capital Markets reduced their target price on BlackBerry from C$10.00 to C$9.00 and set a market perform rating for the company in a research note on Wednesday, June 24th. Canaccord Genuity reduced their price objective on BlackBerry from C$10.00 to C$8.00 and set a hold rating for the company in a research note on Wednesday, June 24th. Scotiabank cut their price target on BlackBerry from C$12.50 to C$12.00 and set a sector perform rating for the company in a research note on Wednesday, June 24th. Finally, Raymond James lowered their price objective on BlackBerry from C$11.00 to C$10.25 and set a market perform rating on the stock in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of C$10.16.

BlackBerry Limited (TSE:BB) is a provider of mobile communications and services. The Company is engaged principally in the provision of the BlackBerry wireless solution, comprising service smartphones and software. The Companys four areas of business are Apparatus business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Organization s Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Business s BTS business includes five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is employed in supplying BlackBerry Messenger (BBM), the Business s immediate mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both consumer markets and the enterprise.

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