Day: May 5, 2020

Atos to Deliver Next Generation Cloud Services to the State of Texas

Irving, Texas, April 28, 2020

Atos North The us was not long ago awarded a multi-12 months agreement with the Point out of Texas’ Department of Facts Means (DIR) to supply upcoming generation non-public cloud transformation and artificial intelligence and equipment studying capabilities. This modernization will automate processes, make efficiencies, free of charge-up sources and strengthen assistance supply top quality for the state’s businesses and residents.

The Texas Non-public Cloud will provide server computing, info middle facilities and info middle community administration expert services for DIR’s authorities shoppers. Atos’ supply of infrastructure expert services for servers, networks and info middle

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Retailers: Your Lenders Are Watching You

Lots of debtors presently have drawn down a great deal or all of their available credit rating line in order to have the liquidity to experience out the COVID-19 pandemic. Other debtors are thinking about executing the exact.

It may be too late. Loan companies have begun to restrict these kinds of borrowings. Most bank loan files have a provision that gives the lender with discretion around no matter if to fund a borrowing request.

Loan companies are ever more involved about the value of their collateral and about their capability to liquidate collateral in the event of a borrower’s

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Metric of the Month: Days Sales Outstanding

As the financial impacts of COVID-19 carry on to unfold in the United States and all-around the entire world, lots of businesses experience hard decisions. For illustration, a new survey of finance executives by CFO observed that fifty% of businesses are scaling again or delaying investments appropriate now, while 35% are laying off or furloughing workers. Income movement is a prime worry for finance executives (66% of respondents), second only to the length of the financial downturn triggered by COVID-19 (sixty eight%).

If your firm is slashing discretionary paying, lengthening its payables, and making some tough in close proximity to-time

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SEC Questions COVID Drug Claims of Biotechs

The U.S. Securities and Exchange Fee has briefly halted buying and selling in the shares of three biotech organizations for the reason that of problems above the precision of statements they have produced about a drug candidate for treating COVID-19.

Houston-primarily based CNS Pharmaceuticals and WPD Pharmaceuticals of Vancouver, B.C., have stated they are creating a COVID-19 drug labeled WP1122, with Moleculin Biotech, also of Houston, as their license husband or wife.

The buying and selling suspensions are the SEC’s most up-to-date move “to crack down on untrue information concerning assessments, therapies or devices relating to the [coronavirus], which has

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J.Crew Files for Chapter 11

J.Crew Team has submitted to begin Chapter 11 bankruptcy proceedings in federal bankruptcy court in the Eastern District of Virginia, expressing it has achieved a offer with its lenders to transform about $1.65 billion of credit card debt into fairness.

The company, which operates the J.Crew and Madewell models, is the very first national retailer in the United States to file for bankruptcy protection considering the fact that the coronavirus pandemic.

J.Crew explained it has secured commitments for a debtor-in-possession funding facility of $400 million and dedicated exit funding from Anchorage Cash Team, GSO Cash Partners, and Davidson Kempner Cash

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