NEW YORK (Xinhua) — CDC Corp. an internet-related Chinese company listed in NASDAQ, filed on Wednesday for bankruptcy protection, hammering its stocks by more than 50 percent.
CDC filed the bankruptcy in the U.S. bankruptcy court in Atlanta. According to CDC’s latest quarterly earnings report, it had 377.4 million dollars in assets and 250.2 million dollars in liabilities.
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NEW YORK (Xinhua) – Bank of America (BOA) announced Monday to sell roughly 13.1 billion common shares of China Construction Bank Corporation (CCB) to generate approximately 8.3 billion dollars of cash.
The sale accounted for about half of BOA’s current hold of CCB’s shares.
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Domino’s Pizza, Inc. is a small debt-ridden chain in 1970 that became one of the largest pizza companies in America where its sales reached over a billion dollars in 1985. According to Mr. Thomas Monaghan, the founder, president and chief executive officer, the secret of his company’s phenomenal growth: “I programmed everything for growth. Everyday we develop people-the key to growth is developing people.”
Mr. Thomas Monagham’s business is a pizza parlor, he did not invest his time in looking for special ingredients for his pizza—but on people. People are the key to an effective leadership. Think of the cost of leadership and not its glamour. He invested considerable time in giving instruction and with his own life as example to emulate.
Perhaps, you can picture him coming to office before any of the employees punched their time cards in the bandy clock, or checking the available stocks on hand with his employees. Then he oversees the preparation and serving of foods and talking to customers to determine satisfaction of service and regularly conducting dialogue with his employees to discuss as to how to improve business operation and service.
How many Thomas Monaghams do we have nowadays, believing that by putting priority in developing people, growth in sales and profit possibly follows? Sadly, there are business owners who consider their employees as performing assets just like machines.
Employees are being coerced and are intimidated to do their jobs beyond limits. Please bear in mind that people are human beings created by the Almighty, can be changed, not by coercion, not by intimidation, but by good example.
Bankruptcy categorized into two, which is the personal and business bankruptcy. Many people are experiencing this problem and sometimes having a hard time in getting back their lost resources. Bankruptcy referred to a broke individuals who voluntarily relinquish their assets or properties to pay their debts. Have you imagined how hard the situation is?
There are many possible reasons for bankruptcy, be it in individual or corporate setting. Some of them may be the following:
Those are the some reasons why someone or group of people got broke. Of course things like this is sometimes uncontrollable particularly if the economy is not doing good, but remember being cautious might be a help in avoiding the situation.
Corporate finance considered as an element of the financial management. The corporate finance commerce with financial matters particularly the decision-making, which includes problems of all types of organizations. It plays big role in corporate life for its responsibilities is to increase the value of business to the market and at the same time manage its monetary chances. This can do by using effective tools and methodological analysis.
Sample role of corporate finance are the key factors affecting in deciding the investments to make, merging conclusion, method to use in managing and raising capital and many more. There are many tools uses in evaluating corporate finance such as the Cash versus Profits, this will include the cash flow and the main purpose is to study methods, which will help the firm to achieve higher amount of cash at the end of the report compared to the beginning cash balance. The other tool is the Balance sheet approach, this one is the simplest and easy to understand however they say that it is not hundred percent accurate. The next tool is the Assets, which categorized into two the current asset and the long-term asset. Other tools used are the financial ratios, cash cycle, bank loans, capital structure, risk premiums and many more.
Cash Subsidy