Of Interest

IDC: PC Market Exceeds Expectations with Flat Year/Year Shipment Growth

According to IDC, worldwide shipments of traditional PCs totaled 60.4 million units and recorded flat year-over-year growth in Q1/18. Out of all the major companies, Dell’s 6.4% growth was the highest. read more

Baker Hughes: Average March U.S. Rig Count Up 25% Y/Y

Baker Hughes announced the average U.S. rig count for March 2018 was 989, up 200 or 25.3% from the 789 counted in March 2017. read more

ABI: Q1/18 Commercial Chapter 11 Filings Increase 22% Year/Year

The American Bankruptcy Institute reported total commercial Chapter 11 filings increased 22% from 1,280 in Q1/17 to 1,562 during the first three months of 2018. read more

Beacon Funding Launches Financial Resource Center

Beacon Funding released a financial resource center as part of its investor relations hub. The center will provide funding partners with information about Beacon’s financials and growth trajectory. read more

Ritchie Bros. to Sell 2,250 Equipment Items in Saskatoon Auction

Ritchie Bros. will sell more than 2,250 equipment items and trucks from more than 250 companies at its unreserved auction in Saskatoon, SK to be held April 9 and April 10. read more

Fed Vice Chair Comments on Impact of Fintech on Financial Inclusion

Fed Vice Chairman for Supervision Randal K. Quarles provided insights on fintech developments on small business access to credit, noting certain shifts in the composition of commercial bank lending to small businesses. read more

Mitsubishi UFJ Financial Group Rebrands Commercial Banking Subsidiary

Mitsubishi UFJ Financial Group’s core commercial banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, changed its name to MUFG Bank as of April 1, 2018. read more

Former GE Capital Exec Begor Named Equifax CEO

Equifax announced the appointment of Mark Begor as chief executive officer. Begor, most recently managing director at Warburg Pincus, spent 35 years at GE, including nine years as leader of GE’s retail credit card business. read more

Ritchie Bros. Intros Marketplace-E, a New Way to Buy/Sell Equipment

Ritchie Bros. announced the launch of Marketplace-E, a new way to buy and sell equipment. read more

Banks Predict Crude to Average $63/Barrel

The Wall Street Journal reported that banks have raised their crude oil price forecasts for the sixth straight month and expect the price of Brent crude to average $63 a barrel this year. read more

Ryder Launches Asset Sharing Platform for Commercial Vehicles

Ryder System launched COOP by Ryder, a new asset sharing platform for commercial vehicles. The digital platform offers businesses the opportunity to list and rent underutilized commercial vehicles. read more

Honda Aircraft, ANA Partner to Expand Business Jet Market

Honda Aircraft and ANA HOLDINGS signed a memorandum of understanding for a strategic partnership supporting the expansion of the business jet market by using Honda’s technologically advanced HondaJet. read more

Fleet Advantage Report Details Savings of Shorter Equipment Lifecycles

According to a report from Fleet Advantage, when fleets adopt a three-year lifecycle for their trucks, replacing with new technology in year four, they realize a savings of $42,830 in maintenance and repair costs. read more

Gordon Bros., Great American, Hilco, Tiger, Begin Toys “R” Us Liquidation

A team of disposition firms consisting of Gordon Brothers, Great American Group, Hilco Merchant Resources and Tiger Capital Group began going-out-of-business sales at all 735 Toys “R” Us and Babies “R” Us locations throughout the U.S. and Puerto Rico on March 23, 2018. read more

GE Transportation’s Secures 225 Locomotive Modernization Orders

GE Transportation secured 225 orders in 2018 for locomotive modernizations and completed the first of 100 modernizations for Norfolk Southern. read more

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