Latest news with #vendor
Yahoo
2 days ago
- Yahoo
Mom of daughter drowned in East River knew God would ‘bring her body back': neighbors
Neighbors of a 15-year-old girl found dead in the East River a week after disappearing into the water are worried her devoted mother won't be able to survive without her beloved daughter by her side. 'Her mom was devastated,' said Christine Vasquez, 35, a resident in the Upper East Side building where the mom and daughter shared an apartment, and who knows them well. 'She said that she knows that God's going to bring her body back.' 'I didn't know they found her,' Vasquez said Sunday. 'I think that's closure to the mother.' Graceline Ilogene, 15, went missing shortly after 12 p.m. May 30 after she had been sitting on the rocks along the shoreline of the East River near the Roosevelt Island Bridge, according to authorities. A friend called 911 when the teen never resurfaced after falling into the water. Rescue efforts turned into a week-long recovery mission that ended Saturday after authorities reported they had found Graceline's body. The mother and daughter were 'inseparable,' according to Vasquez. 'Her daughter was her world. She meant everything to her,' said Vasquez, who sobbed throughout an interview with the Daily News. 'Her mother feels dead without her,' she said. Graceline was a 'very shy, quiet girl,' Vasquez said, adding, however, that 'she was so helpful,' once helping Vasquez move a couch. Graceline would help her mom — a vendor who sells items in front of the McDonald's on Second Ave, off 96th St. in Manhattan, whose name has not been released by authorities — set up and close down shop, and could often been seen sitting quietly next to her mother doing homework while mom was selling, locals said. Graceline's mom was full of questions about her daughter's disappearance, according to Vasquez. 'What would bring her to the water? Why was she near the rocks?' Vasquez said the girl's mom wondered when they spoke about the search. 'She can't swim,' Vasquez said of the girl, who was wearing a green bathing suit with white flowers when she went missing. 'It's such a tragedy,' Vasquez added. 'She always with her mother. Always helping her mother,' Janet Johnson, 59, another building resident and neighbor said, echoing others' concerns. 'I don't know how her mother gonna make it without her daughter!' Johnson was also not aware Sunday that Graceline's body had been found, but said she had been praying for her and her mother. She cried loudly and leaned her head against her door when told the body was recovered. 'Oh my god!' 'I heard that she's missing. I was praying for her,' Johnson said. 'I see her all the time, she and her mother. I was just praying.' Graceline's mother could not be reached for comment. Graceline's body was one of three bodies recovered from the East River the same day. First responders also recovered the bodies of two unidentified men from the East River on Friday. Meanwhile, NYPD crews are still searching for 17-year-old Brandon Pino, who jumped off the Staten Island Ferry on May 31 after leaving a goodbye note on Instagram.
Washington Post
02-06-2025
- Business
- Washington Post
DOGE vowed to make government more ‘efficient' — but it's doing the opposite
Somewhere in the world last month, a State Department employee began the routine process of hiring a vendor for an upcoming embassy event — but quickly ran into a problem. The vendor was refusing to sign paperwork certifying that it did not promote diversity, equity and inclusion, or 'DEI,' a new requirement under President Donald Trump's executive order eradicating DEI from the government. The State employee — who spoke on the condition that neither he nor the location of his embassy be named, for fear of retaliation — sighed.
Yahoo
29-05-2025
- Business
- Yahoo
Department store chain Kohl's quarterly loss smaller than expected
(Reuters) - Kohl's reported a smaller quarterly loss than its previous forecast and maintained its annual targets on Thursday, as the U.S. department store chain focuses on its turnaround efforts to cut costs amid a choppy demand environment. The company, which fired its CEO earlier this month for a personal relationship with a vendor, reported a loss per share of 13 cents, compared with its preliminary expectations of a loss between 20 cents and 24 cents. Analysts had expected a loss of 26 cents, according to data compiled by LSEG. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
26-05-2025
- Business
- News.com.au
Seaford auction frenzy: Three homes, $1.879m sold, all snapped up by first-home buyers in high-stakes triple sale
There were tears, cheers and a $500 heartbreak as three Seaford homes went under the hammer in a row, and all sold to first-home buyers. The triple auction of 1, 2 and 3/83 East Rd delivered a combined $1.879m result, with the three homes selling for $628,000, $580,000 and $671,000 respectively. Ray White Chelsea director Shane O'Sughrue said the crowd of about 180 created one of the liveliest auction days he'd seen in months, with five to six bidders competing on each property and one buyer narrowly missing out by just $500. 'There was a lot of emotion,' Mr O'Sughrue said. 'One bidder lost by $500 and was gutted. 'One of the vendors actually cried, she was so overwhelmed.' The homes, a three-bedroom renovator, a modern two-bedroom, two-bathroom unit, and a rear three-bedroom, two-bathroom townhouse, were all sold by the same owner, who was looking to fund a new business venture. 'We were thrilled, of course, but it was bittersweet too,' the vendor said. 'You could see how much it meant to everyone. 'We've been in their shoes, and seeing three young first-home buyers walk away with the keys was really special. A real full-circle moment.' The vendor said the properties were held as long-term investments and the sales came together quickly, with no major upgrades beyond ensuring they were clean and presentable. 'We didn't have time for any big renovation,' she said. 'We gave Shane a tight brief and just hoped for the best.' All three homes are located just 2km from Seaford Beach and within walking distance of schools, wetlands, and two train stations, factors Mr O'Sughrue said helped fuel demand in the $600,000 range. 'These weren't luxury renos, but they were neat, coastal, and had outdoor space, and that's exactly what first-home buyers are chasing right now,' he said. The Ray White Chelsea director said buyer urgency had ramped up in recent weeks, with expectations of Tuesday's interest rate cut adding to the sense of competition. 'There's a definite shift, people aren't overthinking it anymore,' Mr O'Sughrue said. 'If something is priced right and well-presented, it gets snapped up fast,' he said. Mr O'Sughrue added that the under-$700,000 price bracket was now 'the hottest part of the market' across Melbourne's bayside fringe. 'When you've got three first-home buyers walking away with wins in one day, you know that segment is flying,' he said.
Forbes
21-05-2025
- Business
- Forbes
3 Ways Suppliers Can Help Small Businesses Access Financing
By Levi King Suppliers can play a crucial role in helping small businesses access funding. It's no exaggeration to say that the struggles of small businesses—and questions of financing, in particular—have occupied my thoughts day and night throughout the entirety of my entrepreneurial career. Especially in the early days, those thoughts were the furthest thing possible from theoretical. If I had to describe them in two words, I might choose 'practically ignorant.' I didn't know the first thing about the subject; all I was sure of was that when I needed financing, I needed it now. Now that I'm in a position where theorizing about small business concerns contributes greatly to my quest to find solutions, I look back on the day when a certain person opened my eyes to the realities of financing. This person was about as ordinary a guy as you'll ever hope to meet: a vendor in small town Idaho. I was in my early twenties at the time. I'd opened an electric sign repair business and was working my butt off to keep it going. The first time I met him, I wrote him a check for some supplies. He didn't know me from Adam, and I'll never forget his face as he looked at the check I'd handed him and then back at me. 'I hope this doesn't bounce,' he said solemnly, throwing it down on his desk with dramatic flair. After a moment of silence, he whistled. 'Well, look at that.' I stood there quizzically. 'It didn't bounce,' he explained—at which I burst out laughing. It's an old and corny joke, but I was young and—despite all my cares —lighthearted. Needless to say, he made a good impression, and over the following months I returned to him time and again to write more checks. One day, as I handed him yet another check, he made a proposal. 'It's kind of a pain to cash all these checks,' he said. 'Why don't I just check your business credit, and whenever I see you again I'll give you net 30.' I agreed to his generous proposal, but the next time I saw him he informed me that I didn't have any business credit. I informed him in turn that I didn't know what he was talking about. I'd never had a credit card in my life, had never taken out a loan; I was completely clueless about what is arguably the most important tool small business owners have at their disposal. My kind supplier then made a relationship-based decision—one that changed my life. Based on the fact that I seemed to be a hardworking whippersnapper, and so far all my checks had cleared the bank, he decided to extend me net 30 regardless of my lack of credit history. If I kept repaying him on time, he'd report my good behavior to the business credit bureaus, and I'd be on my way to creating the kind of credit score that means sweating blood over financing is a thing of the past. Suppliers can play a crucial role in helping small businesses access funding, which is essential for growth and sustainability. This support can come in various forms, including trade credit, supply chain finance, and supplier financing. Understanding these options can help small businesses navigate financial challenges and capitalize on opportunities. Trade credit is a common method through which suppliers help small businesses manage cash flow. It allows companies to purchase goods or services without immediate payment, providing a grace period before the invoice is due. This grace period can range from 30 days to six months, depending on the supplier's terms and the business's creditworthiness. By using trade credit effectively, small businesses can delay cash outlays, thereby conserving working capital for other essential expenses or investments. As I advanced from fixing to manufacturing electric signs, trade credit meant the difference between failure and success. The idea of floating material costs for months during the much more expensive manufacturing and installation process would have been crushing. However, securing favorable trade credit terms often requires a good credit history. New businesses or those with poor credit may find it challenging to secure extended payment terms. Once a business establishes a reliable payment track record, suppliers are more likely to offer better terms, which can significantly improve cash flow management. Supply chain finance (SCF) is another powerful tool that connects buyers, suppliers, and financial institutions to optimize cash flow. It primarily involves two main strategies: reverse factoring and dynamic discounting. Reverse factoring allows suppliers to receive early payment on invoices at a small discount, based on the buyer's creditworthiness. This approach benefits both parties: suppliers receive immediate cash, while buyers can extend their payment terms without affecting their suppliers' cash flow. Dynamic discounting involves the buyer offering suppliers an early payment in exchange for a discount on the invoice amount. The discount rate is typically adjusted based on how quickly the payment is made. Both methods enhance the financial stability of the supply chain by providing suppliers with timely payments and allowing buyers to manage their working capital more effectively. Supplier financing is a specialized form of funding that helps suppliers meet their financial obligations, particularly when they need to purchase raw materials or finished goods to fulfill large orders. This method involves a financial institution acting as an intermediary between the supplier and the buyer. The financier pays the supplier upfront, allowing them to cover production costs, while the buyer repays the financier at a later date. Supplier financing is particularly beneficial for manufacturing companies and distributors that need to stock up on inventory or fulfill large orders. It provides them with the necessary funds to meet demand without depleting their cash reserves. However, this option typically requires a minimum level of annual revenue and a good credit history. More articles from AllBusiness: Using suppliers to help fund a small business offers several benefits: While leveraging suppliers for funding can be beneficial, there are challenges and considerations to keep in mind: Trust me when I say that suppliers can be a vital source of funding for small businesses through various financial arrangements. By understanding and leveraging these options, businesses can enhance their financial resilience, improve relationships with suppliers, and create opportunities for growth and expansion. While there are challenges to consider, the benefits of these financing strategies can be substantial for businesses navigating the complexities of cash flow management and supply chain optimization.
