The Consumer Confidence Index followed up its March rebound by picking up 5.6 points in April, finishing the month at 57.9.
Lynn Franco, director of the Consumer Research Center at The Conference Board, which compiles the monthly indicator, noted that the April reading was the highest for the index since September 2008, when it registered 61.4.
“Consumers’ concerns about current business and labor market conditions eased again,” Franco said. “And their outlook regarding business conditions and the labor market was also more positive than last month.”
Reflecting Franco’s observations, both key components of the overall index gained ground this month. The Present Situations Index totaled 28.6, 3.4 points ahead of March’s level; and the Expectations Index rose seven points to 77.4.
Consumers who were surveyed by The Conference Board for the index reported more positive viewpoints of current and future economic conditions, and the current and future jobs picture as well. “Looking ahead, continued job growth will be key in sustaining positive momentum,” Franco said.
Cost Containment Programs For CFOS
Sponsor: Cambridge Consulting Group provides cost containment and risk management services to CFOs at major Fortune 500 Companies. With experience in Corporate Finance and Commercial Real Estate, Cambridge provides specific programs that reduce real estate and operational expenses. For more information please visit their website at www.commercialleasterminations.com
Wednesday, April 28, 2010
Tuesday, April 27, 2010
Google Changing Investor Reporting
Google's announcement last week that it is revamping some of its investor-relations processes may well open the way for other companies to streamline their own.A key feature of the revamp: Google will no longer distribute financial news through newswire services, such as Business Wire and PR Newswire, but instead will post it solely on its own investor-relations Website. "We felt it made a lot of sense, given that we're a technology company and that we announce virtually all of our company news on our blogs," says Google spokesperson Jane Penner.
While this type of change has been legally permissible since August 2008, when the Securities and Exchange Commission (in an update to Regulation FD guidance) approved company Websites as acceptable disclosure vehicles under certain circumstances, few companies have made the switch. Reis, a real estate data firm, and online travel company Expedia are among those that have done so, according to the blog IR Web Report.
Now, though, more companies are likely to at least consider releasing financial news via Website only. "This is another example of where Google is on the leading edge of the marketplace, and I think you're going to see more companies adopt similar practices over time," says Michael Littenberg, a partner with Schulte Roth & Zabel.
What qualifies a company's Website as a "recognized channel of distribution" according to the SEC? A number of factors are involved, including whether a company normally posts news to the site, keeps the site current, and makes the news prominent and easily accessible to a broad audience. Site traffic and media attention are also considerations, as is the use of "push" technology, such as RSS feeds, that can alert the public to the presence of a new posting.
See rest of article at www.cfo.com
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
While this type of change has been legally permissible since August 2008, when the Securities and Exchange Commission (in an update to Regulation FD guidance) approved company Websites as acceptable disclosure vehicles under certain circumstances, few companies have made the switch. Reis, a real estate data firm, and online travel company Expedia are among those that have done so, according to the blog IR Web Report.
Now, though, more companies are likely to at least consider releasing financial news via Website only. "This is another example of where Google is on the leading edge of the marketplace, and I think you're going to see more companies adopt similar practices over time," says Michael Littenberg, a partner with Schulte Roth & Zabel.
What qualifies a company's Website as a "recognized channel of distribution" according to the SEC? A number of factors are involved, including whether a company normally posts news to the site, keeps the site current, and makes the news prominent and easily accessible to a broad audience. Site traffic and media attention are also considerations, as is the use of "push" technology, such as RSS feeds, that can alert the public to the presence of a new posting.
See rest of article at www.cfo.com
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
Double Dip Recession- No Says Citigroup Pandit
Citigroup Inc. Chief Executive Officer Vikram Pandit, who runs the third-biggest U.S. bank, said the economy may rebound without “slipping backward” into another recession.
“There are still some of us who believe there could be a double-dip,” Pandit said today in a speech at a New York conference to discuss the economic impact of new financial regulations. “I think we are likely to avoid slipping backward.”
Citigroup reported a $4.4 billion quarterly profit last week, its first since 2007, as the economic rebound curbed consumer loan losses and bolstered trading profit. The New York- based bank had to get a $45 billion bailout in late 2008 after plunging home prices and borrower defaults led to record losses.
The bank repaid $20 billion of its bailout in December. The rest was converted into a 27 percent U.S. stake, which the government plans to start selling, according to a registration statement filed today.
Pandit, 53, said economic growth may come from “continued support and funding of education and research” and policies making it easier for companies to tap foreign markets.
“The rise of diversified and strong consumer bases around the world will have multinationals and global institutions think about how to capitalize on these new consumer bases,” Pandit said. This will benefit Citigroup, which has operations in more than 100 countries, he said.
New energy policies and investments in infrastructure such as the energy grid are the third and fourth pillars for restoring economic growth, Pandit said. No. 5 was restoring “confidence in financial markets,” he said.
--From Business Week Editors: Rick Green, Gregory Mott
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
“There are still some of us who believe there could be a double-dip,” Pandit said today in a speech at a New York conference to discuss the economic impact of new financial regulations. “I think we are likely to avoid slipping backward.”
Citigroup reported a $4.4 billion quarterly profit last week, its first since 2007, as the economic rebound curbed consumer loan losses and bolstered trading profit. The New York- based bank had to get a $45 billion bailout in late 2008 after plunging home prices and borrower defaults led to record losses.
The bank repaid $20 billion of its bailout in December. The rest was converted into a 27 percent U.S. stake, which the government plans to start selling, according to a registration statement filed today.
Pandit, 53, said economic growth may come from “continued support and funding of education and research” and policies making it easier for companies to tap foreign markets.
“The rise of diversified and strong consumer bases around the world will have multinationals and global institutions think about how to capitalize on these new consumer bases,” Pandit said. This will benefit Citigroup, which has operations in more than 100 countries, he said.
New energy policies and investments in infrastructure such as the energy grid are the third and fourth pillars for restoring economic growth, Pandit said. No. 5 was restoring “confidence in financial markets,” he said.
--From Business Week Editors: Rick Green, Gregory Mott
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
Tuesday, April 20, 2010
Citigroup Q&A With Business Week
From Business week.com...Citigroup Inc. reported a first-quarter profit Monday that far exceeded most expectations.
Citigroup was able to offset ongoing loan losses with strong trading revenue, similar to some of other big banks that reported results last week. The New York-based bank, among the hardest hit by the credit crisis, earned $4.4 billion, or 15 cents per share. Analysts had been expecting a slight loss.
The bank said loan losses are starting to moderate. However, Citigroup executives remain cautious about saying the economy is fully recovered. On a conference call with analysts, Citigroup's chief financial officer John Gerspach discussed what might trigger the bank releasing loss reserves already on hand to cover bad loans instead of completely covering those costs with new revenue each quarter.
QUESTION: Just wondering at what point and what will drive your consumption of reserves. What will be the drivers of yours -- we started to see some (consumption) from some other big banks? What will drive that for you guys as we look ahead?
ANSWER: "I think you got a pretty good answer in our results. We have been releasing some reserves for several quarters now.
"For the last three quarters, we've actually had small loan-loss reserve releases on our corporate loan book, where we've seen good underlying credit trends and got a sense that the book was in good shape.
For the rest of article please visit-http://www.businessweek.com/ap/financialnews/D9F697400.htm
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
Citigroup was able to offset ongoing loan losses with strong trading revenue, similar to some of other big banks that reported results last week. The New York-based bank, among the hardest hit by the credit crisis, earned $4.4 billion, or 15 cents per share. Analysts had been expecting a slight loss.
The bank said loan losses are starting to moderate. However, Citigroup executives remain cautious about saying the economy is fully recovered. On a conference call with analysts, Citigroup's chief financial officer John Gerspach discussed what might trigger the bank releasing loss reserves already on hand to cover bad loans instead of completely covering those costs with new revenue each quarter.
QUESTION: Just wondering at what point and what will drive your consumption of reserves. What will be the drivers of yours -- we started to see some (consumption) from some other big banks? What will drive that for you guys as we look ahead?
ANSWER: "I think you got a pretty good answer in our results. We have been releasing some reserves for several quarters now.
"For the last three quarters, we've actually had small loan-loss reserve releases on our corporate loan book, where we've seen good underlying credit trends and got a sense that the book was in good shape.
For the rest of article please visit-http://www.businessweek.com/ap/financialnews/D9F697400.htm
Sponsor: Cambridge Consulting Group provides Cost Cutting/Risk Management programs for Financial Institutions. They have saved organizations including Ford Credit and Key Corp millions of dollars by reducing their operational costs through Negotiated Lease Buy Outs. For more information please visit their website-www.commercialleaseterminations.com
Regions First Quarter Results Shows Initial Impact of Cost Cutting Program
Regions Financial Corporation today reported financial results for the quarter ending March 31, 2010.
“During the first quarter, asset quality continued to stabilize and deposit growth remained strong; however, substantial credit costs continued to more than offset the underlying strength of our core business. Despite the strong fundamentals of our business, we are not satisfied with our financial performance and we remain intensely focused on returning the company to profitability,” said Grayson Hall, president and chief executive officer. “In addition to restoring financial performance, we will continue to focus on serving our customers, continue to de-risk our balance sheet and implement best-in-class risk management practices.”
Cost Containment Strategies Successful
The Company successfully completed the consolidation of 120 branches during the first quarter with minimal customer impact, which should provide an annual $21 million net cost savings starting in the second quarter. The company continues to aggressively control day-to-day operating costs and seek opportunities to further improve our operating efficiency. Benefits of cost control efforts should become increasingly evident as, over time, recession-related and credit costs return to more normalized levels.
While loan demand remains sluggish, commitment levels remain strong and for the first time in several quarters, declines in commercial line utilization rates have begun to level off. Regions remains a leader in small business lending, ranking third nationally by the Small Business Administration, and will continue to focus on this important line of business. In spite of the Company’s efforts, loans outstanding declined 2.8 percent as compared to last quarter. Regions continues to seek opportunities to lend to its customers in need of credit and anticipates loan growth as the general economy improves.
* "Loss of 21 cents per diluted share for the quarter ended March 31, 2010, reflects stabilizing net charge-offs and minimal reserve build. Inflows of non-performing loans declined for third consecutive quarter.
* Core pre-tax pre-provision net revenue increased $11 million or 2.9% linked quarter
* Net interest margin improved to 2.77 percent driven by 15 basis point improvement in average deposit cost to 1 percent; net interest margin expected to rise to 3.00 percent by year-end 2010
* Morgan Keegan net income rises 39 percent linked quarter; solid private client, equity capital markets and trust revenues; reduced operating costs
* Non-interest expense declined 3 percent, after excluding branch consolidation charges and loss on the early extinguishment of debt
* Record account and deposit growth continues. Average low-cost deposits increased for the fifth consecutive quarter, growing 6.5 percent linked quarter, up nearly $9.6 billion or 16 percent year-over-year.
* Loan growth remains challenged but commercial line utilization beginning to stabilize. New and renewed loan commitments remained solid, totaling $11.6 billion for the quarter, but total loans outstanding contracted 2.8 percent.
* Allowance for credit losses increased to 3.69 percent of loans with $770 million provision for loan losses exceeding net charge-offs by $70 million
* Tier 1 Capital ratio was an estimated 11.7 percent, while the Tier 1 Common ratio stood at an estimated 7.1 percent. Both ratios were essentially unchanged versus the previous quarter.
For more information please visit their website www.regions.com
Sponsor: Cambridge Consulting Group provides banks and other financial institutions with risk management and cost cutting programs that improve their bottom line. Cutting operational costs is a key strategy for most companies. Other than labor, one of the largest cost areas is leased commercial real estate. There are dramatic savings possible by reducing the amount of leased real estate used by consolidation or elimination of branches or operating groups. In the past long term lease agreements have been an expense that was considered untouchable. Cambridge Consulting has developed a new product/strategy- Negotiated Lease Buy Outs. For more information please visit their website at www.commercialleaseterminations.com
“During the first quarter, asset quality continued to stabilize and deposit growth remained strong; however, substantial credit costs continued to more than offset the underlying strength of our core business. Despite the strong fundamentals of our business, we are not satisfied with our financial performance and we remain intensely focused on returning the company to profitability,” said Grayson Hall, president and chief executive officer. “In addition to restoring financial performance, we will continue to focus on serving our customers, continue to de-risk our balance sheet and implement best-in-class risk management practices.”
Cost Containment Strategies Successful
The Company successfully completed the consolidation of 120 branches during the first quarter with minimal customer impact, which should provide an annual $21 million net cost savings starting in the second quarter. The company continues to aggressively control day-to-day operating costs and seek opportunities to further improve our operating efficiency. Benefits of cost control efforts should become increasingly evident as, over time, recession-related and credit costs return to more normalized levels.
While loan demand remains sluggish, commitment levels remain strong and for the first time in several quarters, declines in commercial line utilization rates have begun to level off. Regions remains a leader in small business lending, ranking third nationally by the Small Business Administration, and will continue to focus on this important line of business. In spite of the Company’s efforts, loans outstanding declined 2.8 percent as compared to last quarter. Regions continues to seek opportunities to lend to its customers in need of credit and anticipates loan growth as the general economy improves.
* "Loss of 21 cents per diluted share for the quarter ended March 31, 2010, reflects stabilizing net charge-offs and minimal reserve build. Inflows of non-performing loans declined for third consecutive quarter.
* Core pre-tax pre-provision net revenue increased $11 million or 2.9% linked quarter
* Net interest margin improved to 2.77 percent driven by 15 basis point improvement in average deposit cost to 1 percent; net interest margin expected to rise to 3.00 percent by year-end 2010
* Morgan Keegan net income rises 39 percent linked quarter; solid private client, equity capital markets and trust revenues; reduced operating costs
* Non-interest expense declined 3 percent, after excluding branch consolidation charges and loss on the early extinguishment of debt
* Record account and deposit growth continues. Average low-cost deposits increased for the fifth consecutive quarter, growing 6.5 percent linked quarter, up nearly $9.6 billion or 16 percent year-over-year.
* Loan growth remains challenged but commercial line utilization beginning to stabilize. New and renewed loan commitments remained solid, totaling $11.6 billion for the quarter, but total loans outstanding contracted 2.8 percent.
* Allowance for credit losses increased to 3.69 percent of loans with $770 million provision for loan losses exceeding net charge-offs by $70 million
* Tier 1 Capital ratio was an estimated 11.7 percent, while the Tier 1 Common ratio stood at an estimated 7.1 percent. Both ratios were essentially unchanged versus the previous quarter.
For more information please visit their website www.regions.com
Sponsor: Cambridge Consulting Group provides banks and other financial institutions with risk management and cost cutting programs that improve their bottom line. Cutting operational costs is a key strategy for most companies. Other than labor, one of the largest cost areas is leased commercial real estate. There are dramatic savings possible by reducing the amount of leased real estate used by consolidation or elimination of branches or operating groups. In the past long term lease agreements have been an expense that was considered untouchable. Cambridge Consulting has developed a new product/strategy- Negotiated Lease Buy Outs. For more information please visit their website at www.commercialleaseterminations.com
Monday, April 19, 2010
TD Bank Acquires Three Failed Florida Banks
TD Bank said late Friday that it has acquired the banking operations, including all the deposits, of three failed Florida-based banks in a deal assisted by the Federal Deposit Insurance Corp. The deal moves TD from roughly 30 to 100 branches, almost triples its deposits and gives the bank its first Florida presence outside the southeast portion of the state.
TD, a subsidiary of Toronto-based TD Bank Financial Group (NYSE:TD), said it acquired assets and liabilities from Riverside National Bank of Florida of Fort Pierce, Fla., First Federal Bank of North Florida of Palatka, Fla., and AmericanFirst Bank of Clermont, Fla., from the FDIC, effective immediately. In the case of each of the acquired banks, they were closed by their respective chartering authority, and the FDIC was named receiver. The three failed institutions were not affiliated with one another and are expected to tap the FDIC’s deposit insurance fund for $508.3 million.
In the purchase and assumption agreement with the FDIC, TD acquires Riverside-based 58 branches, First Federal’s eight locations and AmericanFirst’s three locations. In addition, TD Bank will gain a total of 80 ATMs from the three banks.
As of Dec. 31, Riverside had total assets of $3.42 billion and total deposits of $2.76 billion; First Federal had total assets of $393.3 million and total deposits of $324.2 million; and AmericanFirst had total assets of $90.5 million and total deposits of $81.9 million. Besides assuming all the deposits, the FDIC said TD will purchase virtually all their assets.
The FDIC said it and TD entered into a loss-share transaction on $2.2 billion of the failed institutions’ assets. Initially, the regulator and TD will equally share in the asset losses. TD said the FDIC will cover 50 percent of loan losses up to the following thresholds and then cover 80 percent in excess of these thresholds: Riverside, $442 million; First Federal, $58 million; AmericanFirst Bank, $18 million.
TD said the deal allows it to advance its growth strategy in Florida with no material earnings or capital impact. TD Bank Financial President and CEO Ed Clark said the deal allows TD to accelerate its organic growth in Florida by five years.
TD Bank will pick up 69 branches in the transaction and $2.1 billion in deposits. On June 30, TD Bank had 28 offices and $1.19 billion in deposits in South Florida and it has opened three locations since then.
The deal gives TD its first Florida branches outside Miami-Dade, Broward and Palm Beach counties. TD predecessor Commerce Bank first entered Florida in 2005 when it bought Palm Beach County Bank and had grown exclusively in the southeast portion of the state. TD bought Commerce in 2008.
Riverside, one of the 20 largest banks in Florida by deposits, has eight branches and $961 million in deposits in St. Lucie County, 14 branches and $541 million in deposits in Brevard County and 14 branches with $420 million in assets in Volusia County. It also has locations in Highlands, Indian River, Lake, Martin, Okeechobee, Palm Beach and Polk counties.
First Federal’s locations are in Putnam and St Johns counties. AmericanFirst has a branch each in Lake, Orange and Osceola counties.
Read more: TD Bank buys Riverside, First Federal, AmericanFirst - Philadelphia Business Journal:
TD, a subsidiary of Toronto-based TD Bank Financial Group (NYSE:TD), said it acquired assets and liabilities from Riverside National Bank of Florida of Fort Pierce, Fla., First Federal Bank of North Florida of Palatka, Fla., and AmericanFirst Bank of Clermont, Fla., from the FDIC, effective immediately. In the case of each of the acquired banks, they were closed by their respective chartering authority, and the FDIC was named receiver. The three failed institutions were not affiliated with one another and are expected to tap the FDIC’s deposit insurance fund for $508.3 million.
In the purchase and assumption agreement with the FDIC, TD acquires Riverside-based 58 branches, First Federal’s eight locations and AmericanFirst’s three locations. In addition, TD Bank will gain a total of 80 ATMs from the three banks.
As of Dec. 31, Riverside had total assets of $3.42 billion and total deposits of $2.76 billion; First Federal had total assets of $393.3 million and total deposits of $324.2 million; and AmericanFirst had total assets of $90.5 million and total deposits of $81.9 million. Besides assuming all the deposits, the FDIC said TD will purchase virtually all their assets.
The FDIC said it and TD entered into a loss-share transaction on $2.2 billion of the failed institutions’ assets. Initially, the regulator and TD will equally share in the asset losses. TD said the FDIC will cover 50 percent of loan losses up to the following thresholds and then cover 80 percent in excess of these thresholds: Riverside, $442 million; First Federal, $58 million; AmericanFirst Bank, $18 million.
TD said the deal allows it to advance its growth strategy in Florida with no material earnings or capital impact. TD Bank Financial President and CEO Ed Clark said the deal allows TD to accelerate its organic growth in Florida by five years.
TD Bank will pick up 69 branches in the transaction and $2.1 billion in deposits. On June 30, TD Bank had 28 offices and $1.19 billion in deposits in South Florida and it has opened three locations since then.
The deal gives TD its first Florida branches outside Miami-Dade, Broward and Palm Beach counties. TD predecessor Commerce Bank first entered Florida in 2005 when it bought Palm Beach County Bank and had grown exclusively in the southeast portion of the state. TD bought Commerce in 2008.
Riverside, one of the 20 largest banks in Florida by deposits, has eight branches and $961 million in deposits in St. Lucie County, 14 branches and $541 million in deposits in Brevard County and 14 branches with $420 million in assets in Volusia County. It also has locations in Highlands, Indian River, Lake, Martin, Okeechobee, Palm Beach and Polk counties.
First Federal’s locations are in Putnam and St Johns counties. AmericanFirst has a branch each in Lake, Orange and Osceola counties.
Read more: TD Bank buys Riverside, First Federal, AmericanFirst - Philadelphia Business Journal:
New PriceWaterhouse Coopers Survey Addresses Cost Containment
While companies are growing more optimistic about their prospects, they are unlikely to unleash significant new capital spending any time soon, a new survey finds.
Of nearly 1,200 respondents to PricewaterhouseCooper's 13th annual global CEO Survey, 31 percent said they were very confident about their companies' prospects for revenue growth over the next 12 months, up from 21 percent last year. But they remain hesitant to spend their cash.
Of 100 US CEOs surveyed, 98 percent implemented a cost-reduction initiative in 2009, and 65 percent expect to do so again in 2010.The survey also finds companies aren't rushing to restore spending; they are keen to sustain their efforts and improve their margins with smaller but more productive workforces. Sixty nine percent said their companies' experienced a decrease in headcount, a trend 28 percent expect to continue this year. Over the next three years, 75 percent of CEOs will increase focus on initiatives to realize cost efficiencies, while less than half are planning to increase investments in areas like R&D and new product innovation (48 percent), and advertising and brand building (40 percent).
To read the entire article at CFOZONE please visit-http://www.cfozone.com/index.php?option=com_myblog&show=Companies-still-risk-averse-despite-improved-revenue-outlook.html&Itemid=713&newsletter=cfozone_daily
Sponsor: Cambridge Consulting Group.One of the largest fixed costs for a company is commercial real estate. Many corporations have downsized and now find themselves with real estate space they no longer need but still under a long term lease agreement with a landlord. Fortune 500 companies have been using a new strategy, Negotiated Lease Buy Out to free capital and improve their bottom line. Cambridge Consulting Group reviews your situation with your landlord and creates a new Buy-Out agreement that frees you from long term office space costs. For more information please visit www.commercialleaseterminations.com
Of nearly 1,200 respondents to PricewaterhouseCooper's 13th annual global CEO Survey, 31 percent said they were very confident about their companies' prospects for revenue growth over the next 12 months, up from 21 percent last year. But they remain hesitant to spend their cash.
Of 100 US CEOs surveyed, 98 percent implemented a cost-reduction initiative in 2009, and 65 percent expect to do so again in 2010.The survey also finds companies aren't rushing to restore spending; they are keen to sustain their efforts and improve their margins with smaller but more productive workforces. Sixty nine percent said their companies' experienced a decrease in headcount, a trend 28 percent expect to continue this year. Over the next three years, 75 percent of CEOs will increase focus on initiatives to realize cost efficiencies, while less than half are planning to increase investments in areas like R&D and new product innovation (48 percent), and advertising and brand building (40 percent).
To read the entire article at CFOZONE please visit-http://www.cfozone.com/index.php?option=com_myblog&show=Companies-still-risk-averse-despite-improved-revenue-outlook.html&Itemid=713&newsletter=cfozone_daily
Sponsor: Cambridge Consulting Group.One of the largest fixed costs for a company is commercial real estate. Many corporations have downsized and now find themselves with real estate space they no longer need but still under a long term lease agreement with a landlord. Fortune 500 companies have been using a new strategy, Negotiated Lease Buy Out to free capital and improve their bottom line. Cambridge Consulting Group reviews your situation with your landlord and creates a new Buy-Out agreement that frees you from long term office space costs. For more information please visit www.commercialleaseterminations.com
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