Forums: Corporate Credit

In the banking industry in 2009, the rich got richer -- which has, of course, infuriated much of the nation. But that same basic idea, mostly minus the public infuriation factor, is playing out across the business world. The Great Recession has killed untold numbers of small firms, many of which were unable to line up financing to keep their operations afloat. But money is no problem at all for corporate America. And the biggest businesses don't need banks, at least not for loans. As the credit crisis has eased, they've been able to turn to the welcoming arms of...

Ross DeVol of the Milken Institute on the best ways to create long-term job growth.

U.S. Cannot Encourage Job Creation with Second-Highest Corporate Tax Rate Among Industrialized Nations, Scott Hodge Says...

The repatriation of the Timbit was held up by Prime Minister Stephen Harper and Tim Hortons executives Wednesday as a shining example of low corporate tax rates luring business to Canada. The homegrown coffee giant has not technically been a Canadian company for years, but Tim Hortons Inc. is reorganizing as a Canadian public company after 99 per cent of shareholders voted Tuesday in favour of bringing the iconic coffee company back home from the U.S. The chain so ubiquitous north of the border had been registered in Delaware for nearly 15 years as a result of its purchase by...

Wichita Suffers From Bizjet Downturn AVIATION WEEK Joseph C. Anselmo janselmo@aviationweek.com William Garvey william_garvey@aviationweek.com Wichita, Kan. A severe downturn in the aviation industry has led to the loss of 30,000 jobs in Wichita as the impact from mass layoffs at companies such as Cessna, Hawker Beechcraft and Bombardier Learjet has rippled through small suppliers and the economy, according to Mayor Carl Brewer. Unemployment in this aviation-dependent city of 364,000 has hit 9.7% as business jet and general aviation manufacturers have throttled back on production after mass cancellations of existing orders and a dramatic reduction in new orders. "That type of...