Business & Finance

New Trump financial disclosure gives glimpse into pre-pandemic business income

dnrt8765 24 mins ago

Before the coronavirus pandemic wreaked havoc on the tourism and hospitality industries, President Donald Trump’s high-profile properties were humming along in 2019, according to an annual disclosure report released late Friday evening.



a group of lawn chairs sitting on top of a building: Revenues at Mar-a-Lago, the Florida resort Trump has frequented during the course of his presidency, dipped to $21.4 million in 2019.

© Alex Brandon/AP Photo
Revenues at Mar-a-Lago, the Florida resort Trump has frequented during the course of his presidency, dipped to $21.4 million in 2019.

Trump National Doral Miami, the golf resort where the president had considered hosting this year’s G-7 gathering of world leaders before scrapping the plans, brought in the most money in 2019. It reported revenues of $77.2 million compared with nearly $76 million in

…

CDC Small Business Finance And Capital Impact Partners Announce A New Alliance To Empower Equitable Community Growth

dnrt8765 1 hour ago

ARLINGTON, Va. and SAN DIEGO, Aug. 4, 2020 /PRNewswire/ — CDC Small Business Finance, the nation’s leading mission-based small business lender, and Capital Impact Partners, a Community Development Financial Institution (CDFI) that champions social and economic justice nationally, are proud to announce a new alliance. With a focus on economic empowerment and equitable wealth creation, the two organizations have the unique ability to deliver a full suite of lending products and programs that support community efforts to create strong, vibrant, and healthy places of opportunity.

Realizing the need for a new approach to implement scalable solutions that address

…

SG Blocks Elects Finance and Real Estate Industry Veteran Maggie Coleman to its Board of Directors

dnrt8765 4 hours ago

NEW YORK–(BUSINESS WIRE)–SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, innovator and fabricator of container-based structures, today announced the election of Maggie Coleman, as one of four nominees elected to serve on its Board of Directors, at the company’s annual meeting of stockholders held on July 30, 2020.

“I am truly pleased to announce the addition of Ms. Coleman to our board of directors,” said Paul Galvin, Chairman and CEO of SG Blocks. “Maggie has an extensive background in finance and real estate, and demonstrated leadership in large, global organizations. We believe she will be an

…

Cat Financial Announces Second-Quarter 2020 Results

dnrt8765 5 hours ago

NASHVILLE, Tenn., July 31, 2020 /PRNewswire/ — Cat Financial reported second-quarter 2020 revenues of $641 million, a decrease of $116 million, or 15%, compared with the second quarter of 2019. Second-quarter 2020 profit was $59 million, a $20 million, or 25%, decrease from the second quarter of 2019.

The decrease in revenues was primarily due to a $60 million unfavorable impact from lower average financing rates and a $48 million unfavorable impact from lower average earning assets.

Second-quarter 2020 profit before income taxes was $89 million, a $52 million, or 37%, decrease from

…