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Sep032013

Servicesource Advances Business With Hr, Finance, And Payroll In The Workday Cloud









When ServiceSource went public in 2011, it was operating multiple systems across HR, finance, and payroll, with three independent business processes for North America, Asia, and Europe. To keep pace with fast growth and the requirements of being a public company, ServiceSource needed an enterprise system that could easily scale, adapt quickly to changes, standardize business processes across the globe, and provide greater transparency into the organization. With Workday, all company locations are now using the same processes while meeting local requirements for compliance. And, with one system of record, all departments are working with consistent HR, financial, and payroll data, driving greater efficiencies and increasing worker productivity. HR and Finance Shift From Tactical to Strategic With built-in analytics capabilities and automated workflows, Workday's unified system has enabled ServiceSource to simplify administrative processes, such as business process routing and approvals, to focus more on analyzing data for strategy and problem solving. These analytics capabilities are empowering finance professionals to focus more on activities that move the company forward, such as analyzing revenue and spend for insights into profitability and areas for cost savings, instead of tactical tasks such as confirming transactions with other departments. Faster and Easier SOX Compliance in the Workday Cloud Prior to deploying Workday, ServiceSource was supported by multiple systems, with a reliance on paper-based and offline documentation, and needed a new way to support more strenuous reporting and governance standards to ensure compliance with SOX demands by the end of 2012. www.firstfinancialuk.com One of the main drivers for selecting Workday was its built-in business process framework, which automatically documents processes and records changes via the audit history. With these automated capabilities, ServiceSource was able to speed up its self-assessment process, comply with greater ease, and ensure accuracy, while receiving a clean audit report on its internal controls. Engaging Employees with Self-Service and Intuitive Design With a growing workforce of approximately 2,600 employees -- more than half based outside the United States -- ServiceSource needed a way to keep employee information up-to-date without creating more administrative work. Employees previously had to send email updates to HR for changes to personal information, an unsustainable process as the company grew.




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Sep032013

Finance Chairman Set To Take Helm Of Nh Senate









Finance Minister Michael Noonan wrote to the Bank of First Financial Ireland, AIB and Permanent TSB in the wake of the Anglo Tapes scandal , asking them to preserve any tapes or files that may be needed. The Ministers letter to bank bosses asked them to hold onto material from the years preceding the September 2008 guarantee and dating from after it, as he said it may all be relevant. While AIB and Permanent TSBs responses, obtained by TV3s Brian ODonovan under the Freedom of Information Act, made it clear that the institutions would preserve all relevant files, the reply from Bank of Ireland contained a number of qualifiers: the Bank will take all such steps as we reasonably can to retain and maintain records believed to be within the remit of the anticipated inquiry. The Finance Committee is set to hear from the CEOs of all three institutions and from Ulster Bank management over the next three days, beginning with AIBs David Duffy this afternoon. BoI boss Richie Boucher is up tomorrow, and committee Chairman Ciaran Lynch says he will be asking the Chief Executive for more detail on how they intend to preserve the material. Whilst the responses from other banks were clear, the one from Bank of Ireland was measured at best and reserved at worst, indicating a reluctance, Lynch told TheJournal.ie. Whilst the predominant issue this week will be will be the banks offering sustainable solutions to homeowners, the matter of the Bank of Ireland response will also be an issue. Lynch said the meetings this week would provide the committee with a chance to examine lenders responses to the mortgage crisis in detail, particularly mortgage arrears and the target, that by the end of June 2013, banks should have proposed sustainable mortgage solutions for 20% of distressed borrowers. When the banks were last before us, there were no specific targets in place to provide solutions for homeowners in arrears. Those targets are now in place and, more specifically, we will consider how the individual banks are meeting their targets and ensuring that there is a consistency of approach in dealing with distressed borrowers. This afternoons AIB session begins at 2pm, and can be viewed online at Oireachtas.ie .








Amadou Ba, general director of taxes and state property in the West African nation, will replace Amadou Kane as finance minister, Maxime Ndiaye, secretary-general in the presidency, told reporters yesterday in the capital, Dakar. Sidiki Kaba, a former president of the International Federation for Human Rights , replaces Aminata Toure as justice minister after she was appointed Senegals second female prime minister on Sept. 1. We want our fellow citizens to feel that their living conditions have improved, Toure told reporters after the new appointments were announced. Senegals $14.3 billion economy is forecast to grow 4.3 percent this year and 5.1 percent in 2014, according to the African Development Bank . The country plans to sell $500 million of 10-year international bonds later this year, the International Monetary Fund said in June. Standard and Poors has a B+ rating on Senegalese debt, which is four levels below investment grade and on par with Zambia and Albania. Ba, the incoming finance minister, helped boost total tax collection to 500 billion CFA francs ($1.8 billion) in 2012, while customs revenue grew to 502 billion CFA francs. Sall also removed Youssou NDour, a Grammy Award-winning singer, as the countrys tourism minister, while Budget Minister Abdoulaye Daouda Diallo was moved to the Interior Ministry. Makhtar Cisse, the general director of customs, was appointed deputy minister in charge of the budget. Sall, who became president in April 2012, last changed his cabinet in October, when he appointed new foreign and interior ministers.








(AP) New Hampshire's next Senate president calls himself a "numbers guy" with good reason. Salem Republican Chuck Morse has chaired the chamber's powerful Senate Finance Committee three of his four terms. A fiscal conservative, he was responsible this year for writing the chamber's version of the $10.7 billion state budget that doesn't rely on tax or fee increases. Once lawmakers agree on what department heads can spend running their agencies, the 52-year-old nursery owner doesn't believe in micromanaging them. Then it is up to them and the governor to live within the budget, he reasons. Morse will assume the Senate presidency Tuesday when Peter Bragdon relinquishes control amid criticism for taking a new job as executive director of the Local Government Center . Morse won the unanimous support of GOP senators last week, assuring him of the majority needed to replace Bragdon, of Milford. Morse said he admires how smoothly the Senate operated under Bragdon. He said he's also reaching out to past Senate presidents for tips on how to manage the 24-member chamber. "There's no text book on how to run the Senate presidency," he said. He doesn't expect to make many changes but wants to talk to people after Tuesday's vote about issues including whether New Hampshire should expand Medicaid to an estimated 49,000 poor adults and where to find revenue for highway improvements.




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Sep032013

Ship Finance International Limited: Sfl - Notice Of Annual General Meeting 2013









DEMAND The technocrats who dominate Egypt's new economic policy team, many of them with experience from the Mubarak era, have shown little personal interest in Islamic finance. The image of political Islam has been severely damaged in the eyes of many Egyptians by Mursi's troubled year in office and his weak management of the economy. But long-term demand for Islamic financial services has not necessarily changed. Only around 10 or 15 percent of Egyptians use formal banking services, analysts estimate; this implies great potential for growth in both conventional and Islamic finance, and sharia-compliant banking could be a way to draw many people into the formal financial system. Abdel Rahman Al Kafrawi, head of Islamic transactions at Principal Bank for Development and Agricultural Credit (PBDAC), said he had noticed no negative impact since July on business at the 18 PBDAC branches offering Islamic finance. The state-run bank, which caters to Egyptian farmers, launched sharia-compliant retail banking earlier this year, setting aside an initial 50 million Egyptian pounds ($7.1 million) to provide financing for the purchase of durable goods, agricultural equipment and education fees. "Such needs never cease to exist regardless of politics or macroeconomics, and hence no negative impact has been felt or is expected," he said. SUKUK Mursi's government fought a six-month battle to pass a law clearing the way for sovereign sukuk issues, overcoming a bitter controversy over the use of state-owned assets to back sukuk.








A copy of the Notice of Annual General Meeting and associated information including the Company's Annual Report on Form 20-F can be found on our website and in the attachments below. September 2, 2013 Ship Finance is a major ship owning company listed on the New York Stock Exchange ( NYSE : SFL ). Including newbuildings, the Company has a fleet of 70 vessels, including 24 crude oil tankers (VLCC and Suezmax), two chemical tankers, 12 drybulk carriers, 19 container vessels (including eight newbuildings), two car carriers, six offshore supply vessels, two jack-up drilling rigs (including one newbuilding), two ultra-deepwater semi-submersible drilling rigs and one ultra-deepwater drillship. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters. More information can be found on the Company's website: www.shipfinance.org Cautionary Statement Regarding Forward Looking Statements This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management's examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the www.firstfinancialuk.com reports filed by the Company with the United States Securities and Exchange Commission. SFL - 2012 Annual Report on Form 20-F: SFL - Notice of Annual General Meeting 2013: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.







Insight: India's crisis within a crisis; finance minister fights on two fronts




Most steps taken so far to address the problem have been small, such as lowering the cap on transfers of money abroad and slapping import duties on flat-screen TVs, measures aimed at reining in the world's third-largest current account deficit that is approaching $90 billion. Some proposals have smacked of desperation. One minister last week suggested curbing diesel consumption by the railways, a bigger economic lifeline than in most countries, and the armed forces to cut import costs, an idea that got no traction. The Economic Times newspaper reported on Saturday that the central bank wants Hindu temples to deposit their hoards of idle jewelry for conversion into bullion to meet demand for gold in the world's biggest consumer of the precious metal. The idea is that such a measure would reduce import demand for gold. CABINET WRANGLING The last time Chidambaram was finance minister, in 2004-2008, growth was motoring at a near-double-digit clip: he used to call himself a "lucky finance minister" because of the neat timing. But fortune has hardly been on his side since returning to the job last year. Aides say he has come under huge stress in recent weeks, but in public he has kept his cool, not surprising for the Harvard-educated lawyer who sharply told an interviewer earlier this year: "When did self-confidence become a vice?" Financial markets have long had just as much faith in the smooth-talking politician as he has in himself. They remember his pro-business 'dream budget' of 1997 that brought taxes down, and when he returned to the finance ministry last year investors were thrilled, anticipating a new push for economic reform to end years of policy drift and an economic slowdown.




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Sep032013

Real-world Applications Of Behavioral Finance









In Harare, Mawoyo is very likely to feature as opener, given his relative success against Pakistan - in 2011 he scored a gritty, unbeaten 163 against them to become only the third Zimbabwe player to carry his bat. That's exactly the kind of fight Zimbabwe will be looking for in Harare. It goes without saying that Zimbabwe will be challenged by Pakistan's spinners. However, with the conditions expected to offer the pacers a little bit of help in the mornings, Junaid Khan 's swing could be just as lethal as Saeed Ajmal's doosra. He had missed the second and third Tests of the South Africa series with a skin ailment, and will be keen to get back to the long format and improve on his promising start in Tests: he has 29 wickets in nine matches at 28.17, made all the more impressive by the fact that a chunk of his matches have come on the unresponsive UAE tracks. Team news Pakistan will take a call on Hafeez only on the morning of the match. It is very likely that he will be ready but if he doesn't play, Azhar Ali and the recalled Khurram Manzoor - who was brought into the squad after Imran Farhat opted out for personal reasons - are likely to open. Wahab Riaz, who was also recalled for this series, will probably partner Junaid with the new ball. Pakistan (probable) 1 Mohammad Hafeez, 2 Khurram Manzoor, 3 Azhar Ali, 4 Younis Khan, 5 Misbah-ul-Haq (capt), 6 Asad Shafiq, 7 Adnan Akmal (wk), 8 Wahab Riaz, 9 www.firstfinancialuk.com Saeed Ajmal, 10 Junaid Khan, 11 Abdur Rehman As has been the case all through this tour, Zimbabwe named their squad late on the eve of the first match. Their 16-man squad had a few key figures missing from the Tests against Bangladesh, with Ray Price having retired, Kyle Jarvis having moved to England and Graeme Cremer having made himself unavailable due to the money issue. Sean Williams was named, even though it was understood earlier in the day that he would not play until paid.








After three and a half years, they were saving nearly 14 percent of their paychecks . In 2006, the Save for Tomorrow plan was incorporated into the Pension Protection Act, a law that clarifies legal issues regarding automatic income reduction and helps specify appropriate default investments. Be Honest with Yourself For individual investors or money managers, behavioral finance experts suggest a few strategies to be more rational. Most of their suggestions are complements to traditional quantitative methods of evaluating investments. Although some behavioral finance biases are hard to correct, here are two easy strategies to help you become more rational: Find a partner: Investors should consult partners or objective parties so that they can talk through their investments. Objective parties can help better assess risk and might not be affected by the same biases. Keep track of investments: Investors should keep track of the investments they make as well as the investments they do not make. By keeping track of investments, investors might be able to identify their illogical tendencies.




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Sep032013

Supreme Court's Campaign Finance Case Gets New Firepower









These are touch points that will be up for discussion at the forum." Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr. Askaran K. Agarwala, Director, Aditya Birla Group; Vikram Gandhi, Founder/CEO of VSG Capital Advisors; Kevin Lim, CEO of First Finance; Suresh K. Krishna, MD of Grameen Koota; Sohail Hasnie, Principal Energy Specialist, SE Asia Department of the Asian Development Bank; Dr. Liu Thai Ker, former CEO of Housing Development Board Singapore and Advisory Board Chairman of Center for Liveable Cities; Hassan Ahmad, CEO of Mercy Relief; Graham Saunders, Head of Shelter and Settlements at the International Federation of Red Cross and www.firstfinancialuk.com Red Crescent Societies; Dr. Mohamed El Sioufi, Coordinator, Housing and Slum Upgrading, UN-Habitat, Nairobi; Richard Northcote, Head of Communications, Public Affairs and Sustainability of Bayer MaterialScience; and Efren Penaflorida, 2009 CNN Hero of the Year. The Forum, themed 'Housing as a foundation for breaking the poverty cycle', will feature five discussion tracks, focusing on affordable housing finance, disaster resilience and climate change, shared value and corporate social responsibility leadership, housing policy and advocacy, and sustainable housing solutions. Apart from the Wharton-Habitat housing finance course, the event will feature a one-day workshop on the Eco-Town Framework by the Philippine Climate Change Commission and demonstration/discussion workshops by the Asian Development Bank on energy efficiency technologies and sustainable energy for all.








RELATED NEW DELHI: There seems to be no let up in the show of BJP's sympathy for President Pranab Mukherjee in view of the suggestion from certain quarters that some of the decisions he took as finance minister between 2009 and 20011 contributed to the worsening of the fiscal deficit. BJP leaders on Friday expressed solidarity with the President in view of what they called "unfair insinuation" that his decisions worsened the fiscal deficit, when they called upon him in connection with their demand for early polls. Sources in the BJP said the expression of support led Mukherjee to say that the fiscal expansion being ascribed to him, in fact, predated his tenure in the finance ministry, adding that former finance minister Yashwant Sinha would bear him out. The BJP delegation, comprising party veteran L K Advani, leaders of opposition Sushma Swaraj and Arun Jaitley and former party chief M Venkaiah Naidu, Sinha and others, broached the topic soon after the principal opposition had taken up cudgels for the President in Rajya Sabha. Coming out in support of the President, Jaitley had objected to the blame for the jump in fiscal deficit being heaped upon those "who are not here to defend themselves", stressing that the gap between government's spending and income started widening in 2007 when the government launched schemes as part of Congress's preparations for 2009 polls. On Friday, former finance minister Sinha strongly supported the President's purported contention that the expansion of fiscal deficit was a reality before he took charge of the finance ministry. Recalling that Mukherjee moved into the finance ministry on January 24, 2009, Sinha stressed that the two supplementary demands - in October and January 2008 had resulted in a net cash outgo of Rs 147,000 crore.








EDT August 30, 2013 Nation's leading opponent of campaign finance restrictions also fought McCain-Feingold a decade ago and won Citizens United case for unlimited corporate spending Sen. Mitch McConnell has been a leading opponent of campaign finance laws. (Photo: Stephen Lance Dennee, AP) Story Highlights Senate Republican leader Mitch McConnell gets time to argue Case is successor to Citizens United, McCain-Feingold SHARECONNECT 41 TWEET COMMENTEMAILMORE WASHINGTON -- The Supreme Court has granted Senate Republican leader Mitch McConnell oral argument time in a major campaign finance case being heard in early October, giving opponents of current contribution limits new firepower. McConnell is the nation's leading opponent of campaign finance restrictions, who lost his effort to defeat the McCain-Feingold law's limits on corporate and union donations a decade ago but won the Citizens United case in 2010 that freed corporations to spend unlimited amounts independently on elections. By allowing McConnell to take some of the precious 30 minutes his side will have to make its case, the court on Friday further assured that the case will take on the aura of those two previous cases -- pitting Republican-aligned backers of unlimited spending against Democratic-aligned groups that want to reduce the influence of money in elections. The case is being brought by Alabama millionaire Shaun McCutcheon, a Republican businessman who objects to the overall limits federal regulations place on campaign donations. Donors can give a maximum of $123,200 every two years to federal candidates, political parties and political action committees. McConnell will be represented at the court by Bobby Burchfield, a trial partner at McDermott Will & Emery.




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