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Buyer's Remorse
Treasury departments are still paying a price for auction-rate securities.
July 15, 2009
On February 7, 2008, Joseph Broce, assistant treasurer of Ashland Corp., authorized Oppenheimer Co. to buy $15 million worth of auction-rate securities (ARS) on Ashland's behalf. The money was from a 2005 asset sale that netted the chemical company more than $1 billion in cash. Ashland wanted to keep the money close at hand as it trolled for an acquisition in the specialty chemical space. Read more...
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Protect Money Funds, Hurt Commercial Paper?
SEC proposals to safeguard money-market mutual funds could hamper investment in short-term corporate debt, treasurers say. July 7, 2009
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Twice the Effort for a Revolver: A Good Deal
It took some doing, but Ducommun is among the few companies able to recently acquire a five-year line of credit with decent terms. July 2, 2009
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Treasurers Cling to Safety
When it comes to short-term investments during the downturn, treasury departments see protecting their principal, rather than making money, as a top priority. July 1, 2009
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A Fortress Balance Sheet
Two seasoned treasurers say what's on their minds — and making balance sheets shock-proof is just one notion. June 18, 2009
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For Good Cash Forecasts, Use the 80/20 Rule
When it comes to forecasting, striving for perfection can be a fool's errand. June 18, 2009
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Remembering Peter Bernstein
When it came to writing the history of finance, he had the Midas touch. June 10, 2009
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A Treasurer's Tip: Take the Long View
Treasurers could capitalize on the attention they've been getting by sharing their tendency to think and plan for the long term. June 5, 2009
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GAO: Cash-Flow Woe Boosts Treasury Debt
The problem could inadvertently boost debt at the Treasury Department. April 7, 2009
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Liquid Euros Can Flow to U.S. Banks
European and Asian Banks agree to a swap arrangement of up to $285 billion with the Fed. April 6, 2009
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