The financial crisis in the mortgage and real estate industries is sending shock waves throughout the economic sphere, making many banks leery of issuing new commercial loans, particularly to small businesses. Even with a low Federal Funds rate, approximately 1/3 of banks in the U.S. had enacted tougher commercial and industrial loans during the 4th […]
Entries from February 2008
Amid Credit Crunch, Banks Wary of Commercial Loans
February 18th, 2008 · No Comments
Tags: Austin Business Law Attorney · Austin Business Lawyer
Yahoo Board Rejects Microsoft Buyout Offer
February 11th, 2008 · No Comments
Confirming rumors that had been circulating since last week, the executive board of No. 2 search engine Yahoo! Inc. rejected a $44.6 billion takeover bid by Microsoft Corp., calling the offer of $31 a share too low. Microsoft, which has yet to respond, may consider taking their offer straight to Yahoo shareholders in an attempt […]
Tags: Austin Business Attorney · Austin Business Lawyer
Service Sector Activity Shows First Decline in Five Years
February 5th, 2008 · No Comments
In a development seen as corroborating fears of a recession, a key survey of service-sector executives showed that business activity in the sector declined during the month of January - the first time it has done that in five years. The Institute for Supply Management issued an index rating for the service sector of 41.9, […]