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GE beats on EPS but trims cash flow target; shares fall

“GE cut the industrial free cash flow target to $6 billion from a range of $6 billion to $7 billion” writes Midwest Communications Inc for 95kqds.com. GE’s power unit is relying on services revenue to offset declining sales of new equipment.In June, it announced a $3.25-billion sale of its distributed power unit to U.S. buyout group Advent.Though GE affirmed that target on Friday, many analysts see it as unrealistic and have cut their estimates to less than $1.00. One positive for GE: Adjusted free cash flow from industrial activities swung…

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Atlantic Investment’s Roepers recommends chemical company Huntsman

“Alex Roepers of Atlantic Investment Management recommended Huntsman Corp. as his best idea Wednesday during the Delivering Alpha conference” writes Heidi Gutman for cnbc.com. “The key thing that has happened here at Huntsman is it’s a new company,” he said in remarks at the Delivering Alpha conference, presented by CNBC and Institutional Investor. “I have a lot of faith in management doing the right thing with cash balances, cash flows that are coming.”. The Woodlands, Texas-based company is a manufacturer of differentiated organic chemical products and of inorganic chemical products. Source:…

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Economists Upbeat On Jobs, Wages — But Not Because Of Tax Reform

“A new survey from the National Association for Business Economists suggests economists are optimistic about U.S. wages and employment, though not yet because of tax reform” reports pymnts.com. In line with previous research, NABE’s report noted that these trends are not yet linked to tax reform.Reports in Fortune said the NABE’s Business Conditions Survey, published Monday (July 16), found 68 percent of the 98 economists surveyed predict businesses will see increased sales in the next three months.Earlier research published by the Association for Financial Professionals in May found that corporates…

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A Global View Of Small Business Optimism

“Separate data in the NFIB Small Business Optimism Index found that, while optimism levels fell slightly between May and June, outlook remains strong among U.S. entrepreneurs” reports pymnts.com. Dive into the data of small business performance in our B2B Data Digest below.What’s it like to be a small business owner?. According to Biz2Credit, institutional lenders set a new record for the Index, approving nearly 65 percent of small business loan applications. Source: pymnts.com Share This:

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Debenhams denies it faces cash crisis after insurer setback

“Debenhams is seeking to reassure the City it is in financial good health after a top credit insurer cut cover to suppliers of the troubled retail chain” writes Liam Halligan for telegraph.co.uk. A credit insurance industry source said the decision to reduce cover would be taken to “avoid unacceptable risk” and was a “similar sign to what other unsecured creditors might do” to limit exposure to the risk of unpaid bills. The source added that credit insurers were closely scrutinising retailers as they come under increasing pressure from online rivals.…

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Citi is deploying robots to help the world’s biggest companies collect cash from customers — boosting a key $8.5 billion business for the bank

“There’s the potential for 60, 70, 80% of their cash application costs going away thanks to automation,” Kohli said” writes Alex Morrell for businessinsider.com. “The problem of cash application is not a new problem — it’s been a problem for quite some time.”. So cash application is often done manually by specialists within accounts receivable teams to ensure accuracy.Last year, the company put out a call to the fintech community to come up with solutions for the clunkiness of cash application. Source: businessinsider.com Share This:

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Fortnite’s piles of cash mean Unreal Marketplace creators get a hefty raise

“Epic recently revealed that it will reduce the cut it takes from Unreal Engine Marketplace sales, which is where 3D modelers and digital artists can sell assets for use in Unreal Engine games” reports slashgear.com. If you’re a content creator who sells assets through the Unreal Engine Marketplace, then, it sounds like you have a big pay day heading your way.Fortnite’s piles of cash mean Unreal Marketplace creators get a hefty raise Fortnite has made a ton of money for Epic Games – hundreds of millions per month, in fact…

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Crypto News 

Commission-free Bitcoin Cash trading makes its way to Robinhood Crypto

“Robinhood Crypto, the much-hyped crypto trading exchange from Robinhood, has announced support for Bitcoin Cash (BCH), in a move that is being welcomed by the cryptocurrency community” writes Dan Taylor for coingeek.com. Aside from Bitcoin BCH, LTC and SegWit BTC, the Robhinhood Crypto also supports Ethereum, Ethereum Classic, Monero, Zcash, Bitcoin Gold, Dash, Ripple, Stellar, Qtum, NEO, Lisk, Dogecoin and OmiseGo. Source: coingeek.com Share This:

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China central bank says cannot refuse, discriminate against cash payments

“BEIJING (Reuters) – Companies or individuals cannot refuse or discriminate against cash payments, China’s central bank said on Friday, but stressed the rules won’t apply to online payments and unmanned stores” writes Midwest Communications Inc for 95kqds.com. “Some shops in tourist spots, restaurants and retailers were found rejecting cash payments and this has damaged the legal status of the renminbi and hurt consumers’ rights,” the People’s Bank of China said in a statement on its website.However, online payment or unmanned stores that are not in a position to accept cash…

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