Posts belonging to Category Financial Category



ConforMIS raises $89M in Series E round of funding

Surpassing all previous fundraising rounds, privately-held medical device company ConforMIS, Inc. announced today that it has raised $89 million in a Series E round of funding, with additional funds beyond this amount committed upon meeting certain milestones. The company, which more than doubled its revenues in 2011, will use the funds to support ongoing sales and marketing expansion, R&D investment into new product lines, and build out of manufacturing infrastructure. The investments originated from private-equity funds in the U.S., Europe, Asia and the Middle East. Principal investors in the round include AGC Equity Partners and Axel Johnson, Inc., along with Government Investment Funds from Asia and the UAE.

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How to Identify and Resist Your Spending Triggers

Have you ever set out to “window shop,” only to emerge with a bag full of items you never intended to buy, much less budgeted for? Alternatively, maybe your “retail Achilles heel” starts to rear its head when pass a particular store, or starts to feel excitement around a change in the weather or before an upcoming event.

More than likely, youll regret the unintentional spending spree, vowing to never again lose control, only to find yourself repeating the mistake down the road. Fear not. There i

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How to Lower the Interest Rate on Your Credit Cards

Welcome to our week-long series on crushing your credit card debt. In this second of five articles, we look at several ways to easily lower the interest rates on your cards.

The average credit card interest rate is just above 14 percent. But averages can be misleading. Actual credit card interest rates range from a low of 0% up to whopping 40% or more!

The first step in reducing the interest rates on your credit cards is to know what rates you are currently paying. You can easily find this information on your card statements. Regardless of the rates you are paying (unless they are 0%), there are steps you can take to lower your rates. To get you started we have specific ways you can reduce your credit card rates.

Believe it or not, credit card companies lower rates all the time.

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TCF Inventory Finance Announces Further Expansion into Marine Industry

TCF Inventory Finance, Inc. , a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation , announced plans to further expand its floorplan finance offerings into the marine industry within the U.S. and Canada.

Established in 2008, TCFIF’s executive leadership team averages over twenty years of inventory finance experience. Since its inception, TCFIF has become a powerful player in several industries including electronics and appliances and lawn and garden. TCFIF is gaining market share in the powersports industry as the exclusive floorplan finance provider for Bombardier Recreational Products in the U.S. and Canada and Arctic Cat® in Canada.

TCFIF’s current reach into the marine industry extends to Alumacraft Boat Co., BRP’s Sea-Doo® products and BRP’s Evinrude® and Johnson® marine power products. Moving forw

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Save money on debit card use abroad

Travellers with Norwich & Peterborough Building Society have saved thousands of pounds since the building society changed its Gold Classic current account.

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III urges consumers to prevent being underinsured

The Insurance Information Institute (I.I.I.) recently offered up tips to consumers to help them start 2012 off the right way by avoiding costly insurance mistakes.

The start of a new year is indeed a time when consumers are often looking for ways to save money on monthly expenses.

But those same consumers need to be careful, the I.I.I. said, to avoid cutting costs on insurance expenses that then, in turn, can leave them vulnerable to costly situations that can arise due to be underinsured.

According to the I.I.I., making bad decisions on auto insurance and home insurance policies can leave drivers and homeowners underinsured and in a dangerous financial position.

“There are simple steps you can take to cut the cost of your home and auto insurance while continuing to be financially protected against a catastrophe,” Jeanne M. Sal

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