Good news for EM Capital Inc. is bad news for the economy.
The San Francisco-based consultancy is one of those companies called in by creditors, courts and boards of directors to advise and restructure companies in financial peril.
“Our specialization and expertise is in extremely high demand now,” says Seth Freeman, EM’s CEO. “We are, in that sense, counter-cyclical. In many ways the worse the economy is, the more we’re
In a move similar to homeowners refinancing mortgages for lower loan rates, Greater Bay Bancorp of Palo Alto recently floated $150 million worth of five-year senior notes to raise cash.
Greater Bay says the strategy is cost effective and takes advantage of lower interest rates.
“The $150 million was really a replacement of some zero-coupon bonds that we issued back in April of last year that we were able to
As the makeup of the South Bay population continues to change, some banks are taking advantage of emerging niche markets by serving the area’s Asian immigrants.
In recent years, smaller banks focused primarily on immigrant populations have either started or opened branches in the area, including Asiana bank in Sunnyvale, Summit National Bank in San Jose and Far East National Bank
One out of four South Bay residents are classified as Asian, ranking second only to those who identify as white and slightly ahead of the region’s Latino population, according to the 2000 national census.
By 2025, the Bay Area will add 1.4 million new residents and 1.2 million new jobs in an increasingly ethnically diverse population of 8.2 million, according to the Association of Bay Area Governments (ABAG). Half of those new
As the albatross of spam e-mail chokes businesses, entrepreneurs are rushing into a crowded market to battle the costly problem.
In recent months, more than 50 companies — ranging in size from relatively unknown startups, such as Qurb Inc. of San Mateo and FrontBridge Technologies of Marina del Rey, to established companies, including Network Associates Inc., EarthLink Inc. and Symantec Corp. — have targeted e-mail spam.
Facing a sluggish economy
Last year a tectonic shift reshaped the Bay Area’s television landscape when NBC abandoned San Francisco and started broadcasting from KNTV Channel 11 in San Jose. Despite controversy, KNTV thrives and its audience has adapted to NBC’s new local home, station management says.
Media critics and some San Francisco elite lambasted the move, saying the TV
Fiscal impact of extending insurance to domestic partners is minimal, HR expert says
As legal and cultural definitions of what constitutes a family changes, Bay Area businesses have been at the forefront of a nationwide trend of extending employee benefits to nontraditional households.
One of the most popular practices is extending health insurance benefits to an employee’s domestic partner (DP). Currently 37 percent of Fortune 500 companies and about 4,000 California government
Apple Computer Inc. of Cupertino elected former U.S. Vice President Al Gore to its board of directors March 19.
“Al brings an incredible wealth of knowledge and wisdom to Apple from having helped run the largest organization in the world — the United States government,” Apple CEO Steve Jobs said in a written statement.
Gore is adding to his Silicon Valley business ties. He currently serves as a senior adviser to search
Shaking off the dot-com boom and bust, the company once called Garage.com and known for helping entrepreneurs develop elevator pitches and slide presentations to wrangle money from venture capitalists, changed its name two years ago and now is retooling its focus.
Garage Technology Ventures is trying to reinvent itself as an early-stage investor and deal midwife. With a recent $10 million cash grant
A solid business model and products on the shelves has one of the valley’s largest venture funds willing to leap the continent to invest in a Sunshine State startup security technology company.
By leading a $12.1 million third round of funding for AuthenTec Inc. of Melbourne, Fla., Sierra Ventures of Menlo Park
