capital market

Investors preferred safer assets such as the dollar to stocks on Thursday relying on the signs of a depressed economic recovery. Major indexes dropped about 1%: the Dow Johns fell 93.87 points, or 0.9%, to 10,332.44; the Standard & Poor's 500 index fell 14.90 points, or 1.3%, to 1094.90; the Nasdaq composite index fell 36.32 points, or 1.7%, to 2156.82. Energy and material stocks logged the biggest losses as a strong dollar sent commodity prices tumbling.

Bank of America Business Capital, one of the world’s largest asset-based lenders, has announced today that it provided a $50 million assed-based loan to Agilysys, Inc., a leading provider of IT solutions. The senior secured credit facility provides flexibility to fund a variety of investments including, but not limited to, working capital, capital expenditures and acquisitions. Agilysys also got from Bank of America the letters of credit as well as treasury management products and services.