Afternoon Coffee: Hubwoo’s TrustWeaver Certification, Land Cost Rising, London Black Cabs Gone Bust?

"We are pleased to show the market we take legal compliance just as seriously as any other aspect of our solutions."
Hubwoo adds to its Cloud Invoice Management Leadership through TrustWeaver Certification -- Hubwoo SA (Euronext: HBW.NX), a leading global provider of B2B buying and selling solutions in the cloud, today announced a legal compliance certification for its global invoice management solutions. Hubwoo has been given the right to use a new trust mark issued by TrustWeaver, a leading provider of cloud-based information compliance and governance solutions based in Sweden. The "TrustWeaver enabled" trust mark allows Hubwoo to signify that The Business Network by Hubwoo benefits from a superior level of legal compliance, evidence and control.

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"The product recall proved the breaking point for the company's balance sheet, already weakened by poor sales and declining profitability."
Black Day for London Cab Firm -- The sole maker of the classic London black cab declared itself insolvent and called in the administrators on Monday after it was unable to agree to a rescheduling of its debts with creditor banks. "Discussions with various parties to secure funding on acceptable terms to address the group's financial needs have proved unsuccessful and it has therefore filed a notice to appoint administrators," the company said Monday. A spokesman for Manganese Bronze said PricewaterhouseCoopers would likely be appointed as the company's administrator in the coming days.

Despite the drought...
Across Corn Belt, Farmland Prices Keep Soaring -- Across the nation's Corn Belt, even as the worst drought in more than 50 years has destroyed what was expected to be a record corn crop and reduced yields to their lowest level in 17 years, farmland prices have continued to rise. From Nebraska to Illinois, farmers seeking more land to plant and outside investors looking for a better long-term investment than stocks and bonds continue to buy farmland, taking advantage of low interest rates. And despite a few warnings from bankers, the farmland boom shows no signs of slowing. Almost every year since 2005, except during the start of the recession in 2008, agriculture land prices have posted double-digit gains. In the same period, the Standard & Poor's 500-stock index has had double-digit gains in only three of those years.

- Sheena Moore

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