21 SepSmarta Enterprises Announces New Ambassador Program with Faster Loans …

New Ambassador program will help startups in the United Kingdom acquire much-needed loans and professional mentoring while conferring bonuses on Ambassadors, Smarta Enterprises reports

London, UK — (ReleaseWire) — 09/19/2014 — Smarta Enterprises, Ltd., a leading United Kingdom small business loan facilitator and mentoring organization, announced the inauguration and details of the companys new Ambassador program. Those who sign up to become Smarta Ambassadors will be eligible for £50 bonuses for every referral of a contact or friend who successfully obtains a small business loan through the company. Additionally, those referred through the Ambassadors program will qualify for fast-track treatment for their applications, ensuring that they receive decisions on their loan proposals as quickly as possible.

Our new Ambassador program is going to make a big difference for small and newer businesses in the United Kingdom that could use some additional capital, Smarta Enterprises representative Nima Kafai stated, because the prioritized application process and referral bonuses it provides are going to spread awareness of just how easy and simple it is to arrange for a loan through us. Smarta Start Up Loans are available to qualifying businesses based in the United Kingdom that have been in operation for less than a year. Backed with government funding designed to promote the success of small businesses in the UK, the business startup loans are available in amounts of up to £10,000, payable over terms of one to five years.

Smarta Enterprises facilitates the process of obtaining these loans. The company accepts applications from eligible UK residents over the age of 18, as well as qualified European Union citizens with current visas that grant them the right to do business in the country until six months past the expiration of the proposed loan term. After vetting applicants, the companys representatives arrange meetings during which business proposals or the details of existing operations can be discussed, after which a loan eligibility determination is made.

The new Ambassador program is one of a number of innovative ways the company has sought to promote entrepreneurship in the United Kingdom and give entrepreneurs and small business owners better access to the financing they so often need. The influential and prestigious Smarta 100 Awards, for example, highlight the 100 most successful and promising startups in the country every year, while a pair of complimentary eBooks help new Smarta Startup Loan applicants refine their business plans and conduct more productive market research.

Additionally, those who obtain startup loans through Smarta Enterprises also benefit from free, industry-leading mentoring and other services that can increase the chances of their startups succeeding. Membership in the new Smarta Ambassador program is free and open to all and can be arranged easily and with no obligation at the companys website.

About Smarta Enterprises, Ltd.
A leading United Kingdom-based startup loan provider, Smarta Enterprises, Ltd., helps clients succeed by supplying top-quality mentoring and other support services, as well.

For more information on this press release visit: http://www.releasewire.com/press-releases/smarta-enterprises-announces-new-ambassador-program-with-faster-loans-and-bonuses-546332.htm

21 SepStevens awards CyberCorps Scholarships to cyber security students

For the second time since 2009, Stevens faculty have requested a grant from the National Science Foundation (NSF) for scholarships for Stevens Cyber security graduate and undergraduate students. This grant sums up to a 3.2 million dollar award to go towards tuition at Stevens. The first time the faculty applied, the grant allowed for 11 students to receive scholarships of full paid tuition and a three year stipend for students enrolled in a cyber security-focused degree program. Now Stevens is capable of selecting 14 new students for this program.

The program is termed the CyberCorps Scholarship for Service program. A student accepted into this program must work in a cyber security position for a Federal, State, local, or Tribal government for an equal period of time as their scholarship length. Information regarding applying for the scholarship program can be found on the Stevens website in the Center for the Advancement of Secure Systems and Information Assurance section of the site. By visiting “SCHOLARSHIPS AND OPPORTUNITIES”, more specific information can be viewed. Requirements include being a US citizen, being within 3 years of graduation, and a GPA of at least 3.2.

This scholarship opportunity has been made possible by four faculty members looking to improve Stevens education and opportunity. The team is headed by Associate Professor Susanne Wetzel, joined by Antonio Nicolosi, both from the Computer Science department, as well as Thomas Lechler of the Howe School of Technology Management, and KP Subbalakshmi , Department of Electrical and Computer Engineering.

Being a part of this program is no simple matter. The program itself is “highly competitive”, says Wetzel. When it came down to it, they had to decide “what is the best group of faculty to do this.” Being a part of this program does not simply mean turning in an application, being interviewed, and then getting accepted. If accepted to the program, students will be guided closely by the staff and will participate in programs of leadership, entrepreneurship, project management, and innovation. Out of all the colleges and universities in the country there are only 54 that are accepted into the program and Stevens is proud to be one.

Overall, this program is not only helping college students by eliminating debt, but is also allowing them to get work experience and positions to some of the nations highest providers of cyber security. This summer, an intern was able to assist in the FBI cyber security program. Also about 40% of the accepted students to the program have been from demographics which have been usually unrepresented in cyber security. Working with the NSF also gives Stevens the opportunity to work on INSuRE projects in which students and faculty can work closely with the government on real world projects and discover solutions. The project really opens up new doors for students with any interest in cyber security and with this being the second time Stevens has received this grant, we may be looking at a growing area of Stevens academics. Lechler says, “This award will help us to integrate project management, entrepreneurial thinking, and leadership training into Stevens’ already-robust cyber security curriculum, to ensure students are prepared to create and manage cyber security policies in the workplace.” It seems that as Stevens expands, the cyber security program will be growing with it.

21 SepSEC Adopts Regulation AB II Final Rules

On August 27, 2014, the US Securities and Exchange Commission
(SEC) adopted long-awaited revisions to Regulation AB governing the
disclosure, reporting, and offering process for asset-backed
securities (ABS) to enhance transparency, better protect investors,
and facilitate capital formation in the securitization market.

The new rules, among other things, require extensive loan-level
disclosure for certain assets, such as residential and commercial
mortgages, automobile loans and leases, debt securities and
resecuritizations of such assets. The new rules also provide more
time for investors to review and consider a securitization
offering, revise the eligibility criteria for publicly-registered
shelf offerings, and implement important revisions to
reporting requirements.

According to remarks by SEC Chairman Mary Jo White at the
SEC#39;s August 27 open meeting, the SEC is adopting the new rules
to ensure that ABS investors have full information, the tools
and the time to understand potential investments and the nature and
extent of associated risks.

Highlights of Regulation AB II Final Rules

Private Offerings Exempted

  • Reg AB II will apply only to transactions sold in a registered
    public offering and will not apply to transactions exempt from
    registration under Rule 144A or otherwise.
  • Unlike the proposed rules, the final rules do not require that
    exempt offerings under Rule 144A include all disclosure and
    reporting required under Reg AB II.

Asset Level Data Requirements

  • Reg AB II contains extensive new standardized asset-level
    data disclosure and reporting requirements set forth in Schedule
    AL, but only for residential mortgages (270 data points for each
    loan), commercial mortgages (152 data points for each loan), auto
    loans (72 data points for each loan), auto leases (66 data points
    for each lease) and debt securities, including resecuritizations
    (60 data points for each security).
  • The final rules do not impose such asset-level data disclosure
    requirements for other asset classes such as equipment loans and
    leases, student loans or floorplan financings, but the SEC will
    continue to evaluate the best approach for requiring disclosure of
    information on these asset classes.
  • All asset-level data required under Reg AB II must be filed via
    EDGAR, in eXtensible Mark-up Language (XML) format, on a new Form
    ABS-EE both at the time of offering and with each Form 10-D report.
    The data is incorporated by reference into the offering prospectus
    and each Form 10-D report, respectively.
  • Asset-level data will generally include information about (i)
    the credit quality of obligors, (ii) the underlying collateral, and
    (iii) cash flows related to a particular asset, such as the terms,
    expected payment amounts and whether and how payment terms may
    change over time.
  • Consumer privacy concerns were addressed by omitting or
    modifying certain asset-level disclosures for RMBS and Auto ABS
    (including geographic identifiers) to reduce the potential risk
    that obligors could be re-identified.

Prospectus Filing Requirements

  • In order to provide investors with sufficient time to review
    and consider an investment in an ABS offering, the issuer must file
    a complete preliminary prospectus under Rule 424(h) of the
    Securities Act at least three (rather than five, as initially
    proposed) business days prior to the date of the first sale in the
    offering.

Transactional Requirements for Shelf Eligibility (including
CEO Certification)

The new rules for ABS shelf eligibility replace the prior
investment grade rating requirements with the following
requirements:

  • At the time of each offering, the CEO of the depositor must
    certify as to the accuracy and adequacy of disclosure contained in
    the prospectus and that, taking into account all material
    aspects of the characteristics of the securitized assets, the
    structure of the securitization, and the related risks as described
    in the prospectus, there is a reasonable basis to conclude that the
    securitization is structured to produce, but is not guaranteed by
    this certification to produce, expected cash flows at times and in
    amounts to service scheduled payments of interest and ultimate
    repayment of principal on the securities . . . in accordance with
    their terms.
  • The underlying transaction agreements must include provisions
    for (i) a mandatory pool level review of assets by a third party
    asset representation reviewer for compliance with
    representations and warranties upon the occurrence of certain
    trigger events, including pool-wide delinquency triggers and
    investor voting triggers, (ii) mandatory dispute resolution
    mechanism (mediation or arbitration) for repurchase requests that
    are not resolved within 180 days, and (iii) facilitation of
    communications among investors through Form 10-D reporting.

The new rules also implement changes to the procedures and forms
related to registered shelf offerings, including:

  • Pay as you go registration fees – ABS
    issuers may pay registration fees at the time of filing the
    preliminary prospectus rather than paying them up-front at the time
    of filing a registration statement.
  • New Forms SF-1 and SF-3 for ABS issuers – to replace
    current Forms S-1 and S-3 in order to distinguish ABS filers from
    corporate filers and tailor requirements for ABS offerings.
  • Single prospectus filed for each takedown – rather
    than a separate base prospectus and prospectus supplement.
  • Material changes from the preliminary prospectus must be
    highlighted in a separate supplement to the preliminary prospectus
    supplement, which must be filed no later than 48 hours prior to the
    first sale.
  • Final transaction agreements must be filed by the time of
    filing the final prospectus.

Other Revisions to Regulation AB

  • Definition of asset-backed security
    – excludes managed pools such as CLOs as well as
    synthetic transactions.
  • The percentage of offering proceeds (or, for master trusts, the
    percentage of the total asset pool) that may be placed in a
    pre-funding account is reduced from 50% to 25%.
  • Standardization of certain static pool disclosure
    – more explanatory language about static pool
    disclosures and standardized delinquency presentation and, for
    static pool filings on Form 8-K, a new separate Form 8-K item and
    exhibit number.
  • Prospectus must include a description of the provisions in the
    transaction agreements regarding modification of the terms of the
    underlying assets.
  • Prospectus must disclose (on an aggregate basis) the type and
    amount of assets that do not satisfy the underwriting criteria that
    is described in the prospectus.
  • Changes to Form 10-D, 10-K and 8-K, including a requirement for
    explanatory disclosure in Form 10-K with regard to identified
    material instances of noncompliance with existing Reg AB servicing
    criteria.

Effective Date

  • The new rules will become effective 60 days after publication
    in the Federal Register (anticipated effective date is in November
    2014).
  • Issuers must comply with all new requirements of Regulation AB
    II, other than the asset-level data disclosure requirements, in
    connection with all publicly-offered ABS commencing with an initial
    bona fide public offering one year after the effective date.
  • The new asset-level data disclosure and reporting requirements
    apply to all publicly offered ABS backed by the asset types
    referenced above, commencing with an initial bona fide public
    offering two years after the effective date.

The structured finance and securitization practice group of
Andrews Kurth LLP will continue to monitor new developments in
connection with the implementation of Reg AB II and the
much-anticipated final SEC rules regarding retention of credit risk
by ABS issuers as mandated by the Dodd-Frank Act, which are
expected to follow Reg AB II.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

21 SepLoans in South LA Still a Shell Game … Only Now It’s Cars

ECONOMICS OF POVERTY-While many consider poverty to be a social condition it is primarily an economic condition. The economics of poverty have been ignored for many years. There can be no solution to an economic problem when it is not identified as an economic problem. The failure to understand this economic system that drives the continuous poverty in areas such as South LA are key reasons that solutions are difficult to implement. 

The great recession that occurred in 2008 was a great depression for those in areas such as South LA. While major financial institutions were able to engage in predatory and subprime lending to real estate owners within low-income areas, these practices were clearly contrary to the banking rules that existed even at the time they happened. While millions were induced to accept loans that they could not afford, the banks knowingly gave money so that they could extract unconscionable fees and commissions. 

Now the same banks are reaching settlements with local, state and federal governments to pay penalties for having ruined the lives of millions of people but the lives are already ruined. These penalties and settlements represent pennies on the dollar for the money stolen from the poor, uneducated and easily deceived that could not afford these loans. It was clear at the time these loans were made that many people receiving them would be unable to repay them. The penalty for such failure to repay these loans was a loss of the home that was used as collateral.  What if bank robbers only had to pay back 25% of the stolen money if caught with no jail time?  We would have an epidemic of bank robberies. 

The new subprime loan being pushed in areas, such as South LA, are now automobile loans. These subprime loans are provided to those who have no credit and insufficient income to realistically expect they will be able to repay the loans. This is once again called predatory lending. The lender preys upon those with a lack of knowledge in order to induce them to accept unfavorable financial terms, which are generally hidden in long complex contracts. 

People continue to use subprime lending for cars because they need cars in Los Angeles to get to their jobs. Not only are the interest rates substantially higher, often as high as 30%, but the used car dealer sells them the car for twice the value of the car. In other words, a car worth $5000 is sold for $10,000 with a 30% interest rate. Over the three-year repayment of this loan for this overpriced car, whose quality is also questionable, a poor person will pay 3 times the value of the same automobile.  If you fail to pay, they take the car and sell it to another desperate buyer. 

The proliferation of the payday loan industry within California is another example of how businesses are able to take advantage of the uninformed, uneducated and desperate consumers within a low-income area. The payday loan industry is a reminder of the days of loansharking whereby less than scrupulous lenders would provide short-term loans to those in financial trouble at exorbitant interest rates. 

The interest collected by loan sharks was not substantially different than interest rates collected by the payday loan industry. Loan sharks were considered gangsters but payday loans are considered part of the ordinary economic order today. Government licenses them to collect interest rates up to 200% per year. If you fail to repay their loan you will find large dangerous looking people showing up at your door in order to encourage you to pay that loan. 

20 SepANZ NZ launches its first ‘home-away-from-home’ home lending, business and …

ANZ New Zealand is opening a branch its calling its first home centre today.

The North Shore Home Centre is located in Albany Mall opposite one of ANZs existing branches.

Touted as a home-away-from-home, ANZ says the home centresfor everything from buying a house to starting a business. An ANZ spokesman said the banks assessingwhether other locations are suitable to introduce a similar concept to the Albany home centre in the future.

Laid out like an inviting lounge complete with comfy couches, customers can relax and talk about their dream home to a team of experts away from the bustle of the mall, said Fred Ohlsson, ANZs managing director ofretail and business banking.

Ohlsson said the home centre was an example of how ANZ is moving towards interactive branches.

20 SepStocks Roundup – National Bank of Greece (ADR) (NYSE:NBG), Aeropostale Inc …

Manhattan, NY- September 18, 2014 (Techsonian) – National Bank of Greece (ADR) (NYSE:NBG), together with its subsidiaries, offers diversified financial services primarily in Greece. The company is involved in retail and commercial banking, investment management, investment banking, insurance, investment activities, and securities trading activities. It offers demand deposits, savings deposits, and time deposits, and current accounts; investment products; consumer loans, personal loans, mortgage loans, automobile loans, overdraft facilities, and foreign currency loans, as well as letters of credit and guarantees; credit cards; currency swaps and options; and ATMs.

With the latest decline of -0.31%, National Bank of Greece (ADR) (NYSE:NBG) now has Year to Date (YTD) performance of -43.04% and for the week is negative at -3.63%. The total number of shares traded on the latest trading day was about 2.13 million shares, and changed hands at price range of $3.17 to $3.25 apiece. The company ended previous trading at $3.19.

To receive alerts before the crowd, text the word PICKS to 33733

Aeropostale Inc (NYSE:ARO) reported outcome for the second quarter of fiscal 2014, and provided guidance for the third quarter of fiscal 2014. For the second quarter of fiscal 2014, net sales decreased 13% to $396.2 million, from $454.0 million in the year ago period.

Aeropostale Inc (NYSE:ARO) finished last trade at $3.76, gaining +0.53%. Trading volume recorded for this company was about 2.11 million shares as compared to its average volume of 4.74 million shares. The share price rushed almost 18.61% in the last one month while its 52 week high is $10.68. The company has the total of 79.09 million outstanding shares while its market capitalization is now about $295.81 million.

For How Long ARO’s Gloss will Attract Investors ? Find out via this report

dELiA*s, Inc. (NASDAQ:DLIA) declared the outcome for its second quarter and first half of fiscal 2014. Total revenues decreased 22.4% to $25.7 million from $33.2 million in the second quarter of fiscal 2013. Comparable sales, including comparable store sales and direct-to-consumer sales decreased 17.5%. Comparable store sales decreased 12.4%.

dELiA*s, Inc. (NASDAQ:DLIA) shares touched a high of $0.28 before closing at $0280, an increase of +27.32%. The trading volume was 2.09 million shares. Its shares declined about -68.16% since the start of year and has a -55.19% declining momentum in last three months. Narrowing down the performance period, the stock declined -42.25% for the month and a -39.41% loss over the week.

Will DLIA Continue To Move Higher? Find Out Here

Gastar Exploration Inc (NYSEMKT:GST) released its 2015 capital budget and provided full-year 2015 production guidance. Gastars Board of Directors has accepted a 2015 capital budget of around $257.3 million, comprised of $222.7 million of drilling, completion and infrastructure costs, $28.0 million of land and seismic expenditures, and other capitalized costs of around $6.6 million.

Gastar Exploration Inc (NYSEMKT:GST) closed latest trading day at $6.71, down -2.04%, on volume of over 2.06 million shares. The stock fell -8.33% in the last 5 days. Its average trading volume is 918,793.00 shares. In the time frame of the last one month, the share-price has dropped almost -7.32%. Its market capitalization was $423.28 million.

Will GST Get Buyers Even After The Recent Decline? Find Out Here

To receive alerts before the crowd, text the word PICKS to 33733

20 SepCFPB offers more details on plans to supervise auto finance market

On September 17, the CFPB released new information about its plans to supervise and enforce auto finance companies compliance with consumer financial laws, including fair lending laws. As it indicated it would earlier this year, the CFPB released a proposed rule that would allow it to supervise certain nonbank auto finance companies. Also as previously promised, the CFPB published a white paper on its method to proxy for race and national origin in auto finance transactions. Finally, the CFPB published its most recent Supervisory Highlights report, which is dedicated to its supervisory findings at depository institutions with auto finance operations.

The CFPB released the materials in connection with its September 18th field hearing on auto finance issues. These actions come roughly 18 months after the CFPB first provided guidance to auto finance companies regarding its expectations related to dealer reserve (or participation) and fair lending.

Larger Participant Rule

The Dodd-Frank Act grants the CFPB authority to supervise, regardless of size, nonbanks offering (i) certain mortgage-related products and services; (ii) private education loans; and (iii) payday loans. The CFPB also has the power to supervise larger participants in any other market for consumer financial products or services, provided that it first conducts a rulemaking to define larger participantswithin a particular market.

As proposed, the CFPBs auto finance larger participant rule would allow the agency to supervise any nonbank finance company that has at least 10,000 aggregate annual originations. The rule would define annual originations as grants of credit for the purchase of an automobile, refinancings of such credit obligations and any subsequent refinancings thereof, and purchases or acquisitions of such credit obligations (including refinancings). It would also include automobile leases and purchases or acquisitions of automobile lease agreements. The rule would define automobile to include any self-propelled vehicle primarily used for personal, family, or household purposes for on-road transportation and to exclude motor homes, recreational vehicles (RVs), golf carts, and motor scooters.

The CFPB estimates the rule as proposed will allow it to oversee roughly 38 auto finance companies that the CFPB believes originate around 90% of nonbank auto loans and leases. As proposed the rule would not apply to title lending or the securitization of automobile loans and leases, but the CFPB requests comment on an approach that would include such activities. The rule also would not apply to auto dealers or to depository institutions.

Comments on the proposal are due 60 days after the proposed rule is published in the Federal Register.

Proxy Methodology White Paper

Since releasing its guidance on auto finance fair lendingwhich the CFPB has characterized as a restatement of existing law and which sought to establish publicly the CFPBs grounds for asserting violations of ECOA against bank and nonbank auto finance companies for alleged discretionary pricing policiesthe CFPB has faced pressure from industry stakeholders and lawmakers who have challenged the Bureau to provide additional information to support its approach to determining disparate impact.

The CFPB now provides additional information regarding one aspect of that approachits method to proxy for race and national origin in the auto finance market, where such data is not collected as part of the financing process. The white paper reiterates that in conducting fair lending analysis of non-mortgage credit products in both supervisory and enforcement contexts, the CFPBs Office of Research (OR) and Division of Supervision, Enforcement, and Fair Lending (SEFL) rely on a Bayesian Improved Surname Geocoding (BISG) proxy method. That method combines geography- and surname-based information into a single probability for race and ethnicity. The paper is intended to explain the construction of the BISG proxy currently employed by OR and SEFL and purports to assess the performance of the BISG method using a sample of mortgage applicants for whom race and ethnicity are reported. The CFPB asserts that research has found that this approach produces proxies that correlate highly with self-reported race and national origin and is more accurate than relying only on demographic information associated with a borrowers last name or place of residence alone.

In its paper, the CFPB states that it does not set forth a requirement for the way proxies should be constructed or used by institutions supervised and regulated by the CFPB and that the BISG proxy methodology is not static; it will evolve over time as enhancements are identified that improve accuracy and performance.

The paper does not address other aspects of the CFPBs processes or methods used to determine disparate impact, such as (i) the controls applied to ensure sure that the consumers who are being compared are similarly situated; or (ii) the basis point thresholds at which the Bureau determines a prohibited pricing disparity exists.

Concurrent with the release of the white paper, the CFPB provided its statistical software code and an example of publicly available census data used to build the race and ethnicity proxy. Of note in its introduction, the CFPB states that it may alter this methodology in particular analyses, depending on the circumstances involved.

Supervisory Highlights and CFPB Expectations

Finally, the CFPB released its latest Supervisory Highlights report, which details alleged discrimination in the auto finance market the CFPB has uncovered at banks over the past two years.

The CFPB states that, generally, its examiners found that bank indirect auto creditors had discretionary pricing policies that resulted in discrimination against African-American, Hispanic, and Asian and Pacific Islander borrowers. As a result, these borrowers paid more for their auto loans than similarly situated non-Hispanic white borrowers.

Although it has only publicly announced one enforcement action to resolve such allegations, the CFPBs report states that non-public CFPB supervisory actions at indirect auto financing institutions resulted in approximately $56 million in remediation for up to 190,000 consumers.

The report again urges auto finance companies to consider three possible ways the CFPB believes institutions can mitigate their fair lending risk by: (i) monitor[ing] and, if necessary, correct[ing] disparities through a strong compliance management system; (ii) limiting the maximum discretionary pricing adjustment to an amount that significantly reduces or eliminates disparities; or (iii) compensat[ing] dealers using a non-discretionary mechanism.

In its press release accompanying the above materials, the CFPB further outlined its expectations for auto finance companies, stating that given the significance of car ownership in the lives of consumers, the CFPB expects auto finance companies to:

  • Fairly market and disclose auto financing. Specifically the CFPB would be concerned if consumers are being misled about the benefits or terms of financial products, and the Bureau is also looking to ensure that consumers are getting terms they understand and accept.
  • Provide accurate information to credit bureaus. Citing itsrecent enforcement actionagainst an auto finance company alleged to have inaccurately reported information like the consumers payment history and delinquency status to credit bureaus, the CFPB states that it is looking to prevent inaccurate information from being reported in the future.
  • Treat consumers fairly when collecting debts. The CFPB states that it has received complaints from consumers who claim their vehicles have been repossessed while they are current on the loan or have a payment arrangement in place, and that the CFPB will ensure that collectors are relying on accurate information and using legal processes when they collect on debts or repossess vehicles.

20 SepVolatile Movements: Caterpillar Inc. (CAT), National Bank of Greece (ADR) (NBG …

Miami, Florida – Sep 19, 2014 (TechSonian) – Caterpillar Inc.(NYSE:CAT) Vice President with responsibility for Strategic Services Mike DeWalt and Director of Investor Relations Rich Moore will speak at the Citi 2014 Industrials Conference on Tuesday, September 23. They are scheduled to speak at 2:45 pm Eastern Time.

Caterpillar Inc. (NYSE:CAT) increased +0.34% and closed at $104.34 on a traded volume of 3.92 million shares, in comparison to 4.63 million shares of average trading volume. The company has a total market capitalization of $65.29 billion and its total outstanding shares are 627.85 million.

To receive alerts before the crowd, text the word CADDY to 33733

National Bank of Greece (ADR) (NYSE:NBG) together with its subsidiaries, offers diversified financial services primarily in Greece. The company is involved in retail and commercial banking, investment management, investment banking, insurance, investment activities, and securities trading activities. It offers demand deposits, savings deposits, and time deposits, and current accounts; investment products; consumer loans, personal loans, mortgage loans, automobile loans, overdraft facilities, and foreign currency loans, as well as letters of credit and guarantees; credit cards; currency swaps and options; and ATMs.

National Bank of Greece (ADR) (NYSE:NBG) dropped down -1.27% and closed at $3.14. The 52-week range for the stock is $2.90 and $6.48 and during the previous trading session it marked$3.21 as its highest price. The stock initially exchanged hands with a price of $3.14 and the overall traded volume that day was 3.38 million shares.

Why Should Investors Buy NBG After the Recent Fall? Just Go Here and Find Out

GrupoTelevisa SAB (ADR) (NYSE:TV) operates as a media company. It operates through five segments: Content, Publishing, Sky, Telecommunications, and Other Businesses. The Content segment is engaged in the production of television programming and nationwide broadcasting of Channels 2, 4, 5, and 9.

Grupo Televisa SAB (ADR) (NYSE:TV), after opening its shares at the price of $35.37, jumped up +0.65% to close the day at $35.42. The stock ended on a traded volume of 3.91 million shares, in comparison to 1.47 million shares of average trading volume. The 52-week range for the stock is $27.36 and $37.83 and during the previous trading session the stock scored the highest price of $35.60.

Will TV Continue To Move Higher? Find Out Here

Delphi Automotive PLC (NYSE:DLPH) has presented at the Morgan Stanley 2nd Annual Laguna Conference recently in Dana Point, Calif. Delphi’s Chief Executive Officer and President, Rodney O’Neal, and Chief Technology Officer, Jeff Owens, was scheduled to present at 9:45 am PT.

Delphi Automotive PLC (NYSE:DLPH) reported a drop of -1.02%, to close at $65.89 with the overall traded volume of 3.88 million shares. The 52-week range for the stock is $53.40 and $71.96 and during the previous trading session the stock was found to mark $67.03 as its peak price. It kicked off the trading day with $66.70.

Will DLPH Get Buyers Even After The Recent Rally? Find Out Here

To receive alerts before the crowd, text the word CADDY to 33733

20 SepSaline Chamber announces the 2014 Business Enterprise Award recipients

SALINE The Saline Area Chamber of Commerce is pleased to announce the honorees for the 2014 Business Enterprise Awards.

The recipient in the large business (21-or-more employees) category is KeyBank. In the small business category (20-or-fewer employees) the recipient is Peters Building Company, Jim Haeussler, president. The Chamber is also recognizing Robison-Bahnmiller Funeral Home with the Lifetime Achievement award.

The Chamber will present the awards to these three exceptional Saline area businesses at the 19

The Annual Business Awards Gala at 6 pmThursday, Oct. 16at Stonebridge Golf Club, 1825 Clubhouse Drive in Ann Arbor. The awards are widely recognized as being the most prestigious honor a business can receive in the greater Saline area market.

The mission of the Chambers Business Enterprise Awards is to recognize and honorestablished, successful firms that have exhibited exemplary business practices and have an excellent reputation for service to the community. Community participation and peer recognition are also important components of the Business Enterprise Awards.

Honorees are selected by the Saline Area Chamber of Commerce Board of Directors, with nominations taken from the entire Saline area community.

The Chamber extends its hearty congratulations to KeyBank, Peters Building Company and Robison-Bahnmiller Funeral Home on their outstanding achievement.

The public is invited to attend the gala awards dinner on Thursday, Oct. 16 to honor these businesses and individuals. Tickets are $38 per person in advance ($45 late registration after Oct. 10) or $290 for a table of eight.

The event is proudly sponsored by KeyBank. For reservations and further details on the 2014 BusinessEnterprise Awards, visit www.salinechamber.org or contact the Saline Area Chamberof Commerce at 734.429.4494.

Amy Bell is a multimedia reporter for Washtenaw Now. She can be reached via email at abell@digitalfirstmedia.com. Follow her on Twitter and Tout.

  • 1
  • See Full Story

19 SepOneLogin and SHI International Partner toDeliver Cloud-based Enterprise …

San Francisco, CA (PRWEB) September 17, 2014

OneLogin, the innovator in identity management, today announced that it has entered into a partnership with SHI International Corp., one of North America’s 20 largest IT solution providers. This agreement is founded on their joint commitment to driving success for organizations moving to Microsoft cloud solutions such as Office 365. As part of the agreement, SHI is reselling OneLogin’s cloud-based solution for single sign-on (SSO) and enterprise identity management.

SHI, one of the largest providers of Microsoft technologies, including Office 365, is a trusted advisor to some of the largest and most well-known brands in the world. OneLogin has a superior identity management technology that makes it simpler, faster and less expensive to secure cloud solutions like Office 365 in the enterprise, with or without Active Directory. The agreement will be a cornerstone for SHI’s drive to help organizations reduce the cost, complexity and risk of adopting cloud and software as a service (SaaS) solutions.

“SHI International is strategically focused on supporting customers that want to take advantage of the scale and agility that cloud solutions like Microsoft Office 365, Amazon Web Services and BOX offer,” said Ed McNamara, Director of Communications and Marketing at SHI International Corp. “OneLogin offers an efficient and flexible solution for cloud-based enterprise identity management, which will make it easier for companies to migrate to and manage access to information in the cloud. From sales and marketing support, to customer demonstrations and training, to offering SHI customers attractive trial terms, OneLogin is clearly committed to supporting our mutual customers.”

OneLogin offers the fastest, easiest and most secure path to cloud-based SSO and enterprise identity management across all users, devices and cloud and on-premises applications. The service eliminates identity infrastructure costs and complex integration projects for each new app, as well as the need for manual provisioning and deprovisioning, username and password resets, and policing shadow IT. Pre-integrated with thousands of enterprise SaaS applications and commonly used web applications, OneLogin is simple to deploy and easy to administer, dramatically reducing the time to on-board and off-board employees while reducing the risk associated with bad password hygiene and enabling employees to be good security citizens.

Sales engagement, customer qualification, and customer support are active and will be scaled company-wide in Q3. SHI and OneLogin have already trained more than 300 sales experts on integrating solutions such as Office 365 with OneLogin.

“SHI International is one of the leading IT providers helping to guide companies through the tectonic shift in the way IT is consumed,” said Josh Greene, Vice President of Business Development at OneLogin. “This partnership represents a further extension of SHI’s value proposition to cloud and enterprise identity management. The upshot for SHI customers is increasing agility, security and accessibility of cloud apps. In terms of partnership, SHI is an excellent fit for us based on the depth of relationship and trust that they have built with customers.

About OneLogin

OneLogin is the innovator in enterprise identity management and provides the industry’s fastest, easiest and most secure solution for managing internal and external users across all devices and applications. The only Challenger in Gartner’s IDaaS MQ, considered a “Major Player” in IAM by IDC, and ranked #1 in Network World Magazine’s review of SSO tools, OneLogin’s cloud identity management platform provides secure single sign-on, multi-factor authentication, integration with common directory infrastructures such as Active Directory and LDAP, user provisioning and more. OneLogin is SAML-enabled and pre-integrated with thousands of applications commonly used by today’s enterprises, including Microsoft Office 365, Asure Software, BMC Remedyforce, Coupa, Box, Clarizen, DocuSign, Dropbox, Egnyte, EMC Syncplicity, EchoSign, Google Apps, Innotas, LotusLive, NetSuite, Oracle CRM On-Demand, Parature, Salesforce.com, SuccessFactors, WebEx, Workday, Yammer, ServiceNow, Zscaler and Zendesk. OneLogin, Inc. is backed by CRV and The Social+Capital Partnership. Try OneLogin free at: http://www.onelogin.com/signup/ For more information: http://www.onelogin.com | Twitter: @onelogin.

About SHI

Founded in 1989, SHI International Corp. is a $5 billion+ global provider of technology products and services. Driven by the industrys most experienced and stable sales force and backed by software volume licensing experts, hardware procurement specialists, and certified IT services professionals, SHI delivers custom IT solutions to Corporate, Enterprise, Public Sector, and Academic customers. With over 2,500 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the US and is ranked 15th among CRNs Solution Provider 500 list of North American IT solution providers. For more information, visit http://www.SHI.com.

Press Resources:

SHI Corporate Website: http://www.SHI.com

SHI Blog: http://blog.SHI.com

SHI Twitter Handle: @SHI_Intl