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iBiz Wire Topics: Business
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Marketplace Report: Restaurant Online Ordering Takes-off
Delphis Software www.delphissoftware.com, a Fresno, California based corporation, has emerged as the industry leader in restaurant internet food order applications with an installed based of over 15,000 restaurants. Placing food orders via the internet has evolved over the last 18 months into a hot market for savvy high-tech firms. With Delphis Software leading the way, continued growth in this arena is expected.
Saturday, March 13, 2010 23:58:17 GMT (breaking)

Nonprofit Raffles are Big Business
Mega House Raffle www.MegaHouseRaffle.com has now moved into position as the nation's largest charitable raffle. With massive cuts in funding for nonprofit organizations in both the public and private sectors, house raffles are fast becoming an effective vehicle for raising much needed money to fund charitable operations. Mega House Raffle describes itself as California's largest, however our review clearly puts this raffle as the biggest in the country.
Saturday, March 13, 2010 23:58:17 GMT (breaking)

Report Details What Led To Lehman's Collapse
A 2,200-page bank examiners' report released Thursday details what went wrong that led to the collapse of Lehman Brothers, the largest bankruptcy in U.S. history. It shows Lehman executives had been using accounting gimmicks to camouflage billions of dollars of debt.
Fri, 12 Mar 2010 04:00:00 -0500

Examining Lehman's Creative Accounting
A new report says Lehman Bros. used accounting tricks to cover up the fact it had been insolvent for weeks before it filed for bankruptcy in September 2008. Lynn Turner, former chief accountant for the Securities and Exchange Commission, discusses the creative accounting techniques the company used to manipulate its books.
Fri, 12 Mar 2010 15:00:00 -0500

Repo 105: Lehman's 'Accounting Gimmick' Explained
As the financial crisis grew in 2007 and 2008, the now-defunct banking giant knew it needed to reduce its reliance on borrowed money. But it was a bad time to sell stuff off and pay back debts. So Lehman Brothers made special use of something called the repo market.
Fri, 12 Mar 2010 11:55:00 -0500

Christian Groups Find Way Around High Health Costs
The nonprofit Samaritan Ministries transfers money among its members to pay each household's health care costs. Benefits to members include lower monthly payments and faith-based policies, but there's no guarantee their bills will be covered. Several evangelical Christian groups are using similar approaches.
Fri, 12 Mar 2010 08:30:00 -0500

Administration Turns Eye Toward Big Agribusiness
Top Obama administration officials launch a series of workshops Friday delving into agriculture antitrust issues. Some big agribusiness firms say the forums will showcase a well-functioning, free market, but some producers think the probe will expose a system increasingly hostile to traditional family farms.
Fri, 12 Mar 2010 04:00:00 -0500

We Bought A Toxic Asset; You Can Watch It Die
Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of reporters with NPR's Planet Money used $1,000 of their own cash to buy a tiny piece of one — and plan to track it until it dies.
Fri, 12 Mar 2010 09:34:00 -0500

Report Finds Lehman Used Accounting Tricks
A bankruptcy court examiner is raising new questions about the actions of Lehman Bros. executives in the weeks before the firm filed for bankruptcy. In a 2,000-page report, the examiner alleges that Lehman's top managers manipulated the firm's balance sheet in a bid to stave off bankruptcy.
Fri, 12 Mar 2010 15:00:00 -0500

Is Apple Entering An Age Of Empire?
A quarter century ago, Apple touted itself as the alternative to computer hegemony. But its new iPad grows works only with applications approved by and sold through Apple. Host Guy Raz talks to Slate technology columnist Farhad Manjoo about whether Apple is stifling innovation by building the type of empire it once warned against.
Sat, 13 Mar 2010 15:00:00 -0500

Obama Postpones Trip To Indonesia
President Obama is delaying his trip to Asia next week to focus on his big push on health care. The White House tweeted the announcement. His family was going to go with him but they will not now. The White House wanted Congress to act on the health care bill by March 18, Obama's original departure date.
Fri, 12 Mar 2010 09:30:00 -0500

Most States Have No Laws Against Freelance 'Repos'
The auto repossession industry is big business. Two million cars were repossessed last year. A report from the National Consumer Law Center says most of those are done without the involvement of courts or police. These so-called self-help repos have caused at least six deaths in recent years.
Fri, 12 Mar 2010 04:00:00 -0500

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