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ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today that it is reaffirming its fiscal year 2023 guidance introduced on its third quarter earnings call on Nov. 9, 2023. Outlook for Fiscal Year 20231 The Company is reaffirming its previously announced fiscal year 2023 guidance of: Adjusted EBITDA of $1.54-$1.56 billion Adjusted Diluted EPS of $2.60-$2.70 Interest expense of $320-$325 million Total capital expenditures of $410-$430 million, consisting of $290-$310

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 15, 2024 at 4:30 PM Eastern Time to discuss the Company’s financial results for the fourth quarter and year end 2023. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation websi

CLEVELAND--(BUSINESS WIRE)-- #CISO--TRG Unveils New Global Positioning with Bold New Brand and Website; starts 2024 to match its expanded global footprint after years of growth

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- #O2Investment--O2 Investment Partners is excited to announce the promotion of Sean Darin to Principal.

PALO ALTO, Calif.--(BUSINESS WIRE)--Recognized for its instrumental role in helping cleantech, energy transition, mobility, and renewable energy companies reach their business goals, climate tech public relations (PR) firm Technica Communications has earned a prestigious spot on the PRNEWS Agency Elite Top 100. Every year, a carefully chosen set of agencies is singled out to showcase the most outstanding and accomplished firms in PR and Communications. In 2023 alone, Technica secured a collecti

PARSIPPANY, N.J.--(BUSINESS WIRE)-- #CareerDevelopment--Stratton Equities, a leading Nationwide Private Money and NON-QM Mortgage Lender stands out as a preferred employer, evidenced by glowing employee testimonials on platforms like Indeed.com, Glassdoor.com, and Comparably.com. The company's success is attributed to its unwavering commitment to a positive work environment, innovative programs, intensive training model, a unique lead generation platform, and significant milestones in its loan portfolio. Employees

LONDON & BOSTON--(BUSINESS WIRE)--Aptia (the “Company”), a dedicated pension, health and benefits administration specialist, today announced its formal launch with 1,100 global clients to support more than 7 million people with health and wealth administration. Aptia was formed by the acquisition of the UK pension administration and U.S. health and benefits administration segments of Mercer, a business of Marsh McLennan (NYSE: MMC), by Bain Capital Insurance with participation from Bala Viswana

LONDON & TOKYO & JERSEY CITY, N.J.--(BUSINESS WIRE)-- #B2C2--B2C2, the leading institutional digital asset liquidity provider, today announces that Thomas Restout has been appointed Group CEO, replacing Nicola White who has left the company. Thomas Restout was previously EMEA CEO of B2C2. He joined the company in September 2022 from Morgan Stanley, where he was most recently Global Head of Macro Electronic Trading. He was a member of the Morgan Stanley Securities Digital Currencies working group and sp

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealized capital gains and higher reinvestment rates, according to a new AM Best commentary. In its Best’s Commentary, “Strong Recovery in Total Reinsurance Capital Countered by Surplus Distributions,” AM Best states that traditional reinsurers capitalized on the improvement in their technical results throughout 2023, as

OMAHA, Neb.--(BUSINESS WIRE)--(BRK.A; BRK.B) – Berkshire Hathaway Inc. is pleased to announce that it has reached an agreement to fully settle the Delaware litigation, including all claims and counterclaims, between Pilot Corporation and Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company. About Berkshire Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportati

Because by nature they are optimists, small business leaders tend to avoid talking about bankruptcy of their company and/or themselves.

Yet, in 2023, commercial bankruptcies increased by 72% year-over-year, and filings for the discharge of personal debt increased by 18%.  With experts expecting these numbers to go up in 2024, the good news is that they remain below pre-pandemic levels.

Storyset

However, small business leaders should still be cognizant of the growing cloud as bankruptcies are becoming more frequent.  “Bankruptcies in all filing categories climbed last year amid the evaporation of pandemic emergency responses, increased interest rates and tougher lending standards,” said ABI Executive Director Amy Quackenboss.

Having identify the trend, there are ways to identify potential issues which could affect your company’s future.

Experts warn that as interest rates remain elevated, financing requirements become more stringent, weakening customer loyalty, increasing geopolitical tensions affecting global supply chains, and growing debt loads, even the strongest companies must remain alert to maintaining financial strength.

Johnstocker

Based on studies of small business bankruptcies, there are four keys to identifying possible future problems.  This is the so-call company ‘FQ’ of financial quality.

1. Weekly cash summary: Does the company have enough cash to finance the coming week’s financial outlays?  Including payroll, expected materials delivery, loan repayment.
2. Line of Credit: Is there a source of funds available to immediately cover any shortfall in the company’s cash position?
3. Accounts receivable: Are 60% or more of all outstanding debts within 80 days of initial rendering?
4. Accounts payable: Are 60% of bills owed outstanding more than 80 days?

If the answer to any of these four questions is yes, small business leaders should highlight them and take steps to alleviate.  If they persist beyond two months, it is time to institute remedies.

Freepick

Because many companies, particularly in their early stages, operate on thin margins, FQ guidelines often appear.  This doesn’t mean the company is headed for failure.

However, should they persist for long periods of time, it may suggest that bankruptcy be considered.

As Winston Churchill said: “Success is based on a long series of failure.”

Struggling businesses and families can turn to the proven process of bankruptcy for a financial fresh start.

rawpicture.com

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the “take-private” acquisition of Focus Financial by Clayton, Dubilier &am

PHOENIX--(BUSINESS WIRE)--University of Phoenix is pleased to announce it will be holding the newest webinar in its Educational Equity Webinar Series, titled “Building a Culture of DEIB: Is it in Your Organization’s DNA?” on January 18, 2024, at 11:00am AZT. The event is part of a public series intended for educators, diversity, equity, inclusion, and belonging (DEIB) practitioners, higher education leaders and administrators, employers, nonprofit organizations, government affiliates, and Unive

LONG BEACH, Calif.--(BUSINESS WIRE)-- #ClimateChange--On December 14, 2023, the Alameda Corridor Transportation Authority (the “Authority”) approved a resolution authorizing the Invitation of offers (the “Invitation”) from the holders of its below listed bonds (the “Bonds”) to tender for cash their Bonds. Alameda Corridor Transportation Authority Tax-Exempt Senior Lien Revenue Bonds, Series 1999A             Capital Appreciation Bonds             CUSIP No. Maturity Date Principal Amount at Issuance§ Maturity Va

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Forestar Group, Inc. (NYSE: FOR) (“Forestar” or the “Company”) in connection with certain of Forestar’s transactions (the “Transactions”) with its controlling stockholder, D.R. Horton, Inc. (“D.R. Horton”). The purpose of KSF’s investigation is to determine whether Forestar’s office

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Veradigm business and prospects, resulting in its stock trading at inflated prices.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Virtu Financial, Inc. (NasdaqGS: VIRT). For several years, the Company has been under intense scrutiny by finance media and regulators regarding its alleged failure to implement effective information access barriers to protect highly sensitive and confidential trading data of its Ex

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 8, 2024 to file lead plaintiff applications in securities class action lawsuits against FMC Corporation (NYSE: FMC), if they purchased the Company’s shares between February 9, 2022 and October 30, 2023, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Ea

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Leslie’s, Inc. (NasdaqGS: LESL). On July 13, 2023, the Company pre-released preliminary results for 3Q 2023, disclosing a 12% decline in sales, earnings per share for the quarter 42% below analysts’ estimates, and adjusted earnings before interest, taxes, depreciation, and amortizat

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into V.F. Corporation (NYSE: VFC). On December 18, 2023, VF, the owner of Vans, North Face, and other popular brands, disclosed that it had been the target of a cyberattack, first detected on December 13th, that “has had and is reasonably likely to continue to have a material impact” on