Private firm purchases Guitar Center
      Westlake Villagebased Guitar Center announced it has accepted a $1.9 billion buyout offer from Bain Capital Partners, LLC, a private equity investment firm. The total transaction value, including assumed debt, is approximately $2.1 billion.
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Cash is king when it comes to business
By Randy Wheeler Special to the Acorn
      What's more important for your business in the short term than profits? Cash. Companies can survive for years without making a profit so long as they don't run out of cash. Amazingly, 80 percent of businesses do not prepare a formal cash flow forecast on a routine basis.
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