deeshu-tatum.blogspot.com
In North Texas bankruptcyt courts, business bankruptcies of all sizes increasecby 62% in 2008 compareds with 2007. While first-quarter data on businessw bankruptcies isn’t yet available for the full Northern Texa District of federalbankruptcy courts, Dallaas Business Journal research indicates that more than 180 businessw bankruptcies have been filede in Dallas and Fort Worthb bankruptcy courts through mid-April. The most notable casea includeIdearc Inc., the phone directory publisher carryint $9 billion in debt, and Oklahoma City’s , the oil and gas producer operating in Oklahoma and Texas, which listed debts of more than $325.u million.
That’s on top of big corporate casees filed lastyear locally, such as chickenn producer Pilgrim’s Pride Corp. and retailer While personall bankruptcies began to climv beforethe U.S. economy officially entered a recessionh inDecember 2007, business bankruptcies typicallyh lag behind consumers in the economic cycle, said Bernardc Weinstein, an economist and director of the Centef for Economic Development and Research at the Universithy of North Texas. “Companiezs try to stay afloat and reduce theirvariable costs, but you do get to a pointy where you can’t coverr your fixed costs,” he said.
In additiojn to sales slowdowns across the companies abruptly found themselves unable to land loans or sell corporat e bonds in the second half oflast year. In the yearx leading up to thecurrentt downturn, “there has been plenty of capital available to mask lower profits and carrty businesses, but those sourcesw are holding tight right now,” said Joe a partner in the reorganization and corporatse finance practice for the Dallas law firm Munsch Hardt Kopf Harr PC. Marshall projects that corporate bankruptcie s will continue to increase througg the third quarter ofthis year.
“At some point, these declining businesses have to be sold or restructure their debts to avoid shuttingdown completely,” he said. Where consumer bankruptcies and home foreclosuresd climbedlast year, expect business bankruptcies and commerciao real estate foreclosures this year. “200i8 was the big year for home foreclosures,” Weinstei said. “This year will be the big year for commercialo realestate foreclosures.” From January through April, Dallas-Forg Worth commercial real estate foreclosure postings were up 14%, with 658 propertiea posted for auction through April.
That’as up from 577 in the firsrt four monthsof 2008, according to research by Addison-based Louis Robichaux, managing partner of Bridge LLC, a national boutique restructuring firm, projected bankruptcy filings will continue to climv at least through the end of 2009. “I expecf that the number of large Chapter 11 filingsx will be high through at leasy the fourth quarter of this he said. “The economic environment will not starft to improve until the capital markets beginj tofunction rationally.” What’s changed?
This recession is the firs one since changes to bankruptcyy laws in 2005 that limited the amount of time a debtor-companhy can spend in bankruptcy reorganization. As a “you’re not going to have thesre long, drawn-out restructurings,” Marshall That’s because a debtor-company has 18 months at most to developo a restructuring plan before creditors or another part y in the case can presengt a plan to the bankruptcy courtfor
Thursday, September 29, 2011
Tuesday, September 27, 2011
A conversation with Brett Kaufman - Business First of Columbus:
obesonuqa.wordpress.com
investing and financing multifamily communities around the The 34-year-old is a native of Columbus. He holds a bachelor’ss degree in regional development fromthe . How has the recessio n affected apartments? The rental market will be stronh for the foreseeable future regardless ofthe recession. Residents conside r apartment livinga smart, viable optionj equal to home ownership. Are Central Ohio renters paying morethis year? Apartment communities are largely driven by the same fundamentalsz of good real estate: location, quality high-end service and management. Communities that are payinfg attention to these critical components will always have an opportunity toincrease rents.
Nationa l forecasts indicate apartment demand will be robust for the next 10 Can you forecast the apartment construction landscape for the restof 2009? Construction starts will continue to be up as largedr demand for rental housing continues, land pricews become reasonable and municipalities begin to welcome quality community development. This may be one of the strongest for-rent markets we have seen in because the tightened lending environmengt is impacting developers – and home How is the credit market affectinyg developers? The markets have tightenedr and will probably limit the amountf of development that gets done.
However, lendersd have to lend to stay in businesd and I think they understand the appeal of rentakl communitiesin today’s market. Why rent and not own? In the people were so quick to buy largely baseds on the myth that owning was a wiser In fact, for many people, especially people who are not sure they want to own in one locationb long term, renting was, is and will be the smarter Some big advantages to renting include a no-maintenance lifestyle, no real estats taxes, and no house to sell in the event of job relocation. Are landlordzs reluctant to accept renters who have experienceda foreclosure?
They should look at the applicant’s total histort and understand that people, not just purchased homes they eventually could not maybe because of loans with fluctuating rates, loss of jobs and otherd life changes. Being lured into a home purchase that turnec out to be too good to betrue doesn’rt automatically discount them as responsible renters. You’ve announcede a new apartment “tour” eveny for the public – what is the vision for this?
The first ever Apartments Alive Rentap Tour will be held June Our members and sponsors will display the quality and range of choices available across Centralp Ohio with the We hope this will give prospective residents the opportunity to get a comprehensived look at what Columbus offers by showcasintg a variety of apartment The tour will bring the industry together to tour approximately 90 communities overa 10- day (More information about the tour can be found at caahq.com.
)
investing and financing multifamily communities around the The 34-year-old is a native of Columbus. He holds a bachelor’ss degree in regional development fromthe . How has the recessio n affected apartments? The rental market will be stronh for the foreseeable future regardless ofthe recession. Residents conside r apartment livinga smart, viable optionj equal to home ownership. Are Central Ohio renters paying morethis year? Apartment communities are largely driven by the same fundamentalsz of good real estate: location, quality high-end service and management. Communities that are payinfg attention to these critical components will always have an opportunity toincrease rents.
Nationa l forecasts indicate apartment demand will be robust for the next 10 Can you forecast the apartment construction landscape for the restof 2009? Construction starts will continue to be up as largedr demand for rental housing continues, land pricews become reasonable and municipalities begin to welcome quality community development. This may be one of the strongest for-rent markets we have seen in because the tightened lending environmengt is impacting developers – and home How is the credit market affectinyg developers? The markets have tightenedr and will probably limit the amountf of development that gets done.
However, lendersd have to lend to stay in businesd and I think they understand the appeal of rentakl communitiesin today’s market. Why rent and not own? In the people were so quick to buy largely baseds on the myth that owning was a wiser In fact, for many people, especially people who are not sure they want to own in one locationb long term, renting was, is and will be the smarter Some big advantages to renting include a no-maintenance lifestyle, no real estats taxes, and no house to sell in the event of job relocation. Are landlordzs reluctant to accept renters who have experienceda foreclosure?
They should look at the applicant’s total histort and understand that people, not just purchased homes they eventually could not maybe because of loans with fluctuating rates, loss of jobs and otherd life changes. Being lured into a home purchase that turnec out to be too good to betrue doesn’rt automatically discount them as responsible renters. You’ve announcede a new apartment “tour” eveny for the public – what is the vision for this?
The first ever Apartments Alive Rentap Tour will be held June Our members and sponsors will display the quality and range of choices available across Centralp Ohio with the We hope this will give prospective residents the opportunity to get a comprehensived look at what Columbus offers by showcasintg a variety of apartment The tour will bring the industry together to tour approximately 90 communities overa 10- day (More information about the tour can be found at caahq.com.
)
Sunday, September 25, 2011
MCW to recruit more minorities for health careers - The Business Journal of Milwaukee:
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million grant from the that will be used to increase the numbe r of minorities and other disadvantaged individuals pursuingbiomedical careers. The program will recruigt college undergraduatesand first-yeart medical students from populations that are under-represented nationally in health-related The students will undertake a 10-week periodx of hands-on laboratory experience during the summer at the Medical College. Under the guidance of Medical College faculty, the students will develop investigativwe knowledge and skills, particularly in the areas of cardiovascular, hematologic or sleep research.
The experiencr is intended to buildvaluable skills, self-confidences and interest in the health and aid the successful entry into graduatw school or medical school. Dr. Kenneth Simons, senior associate dean of academicf affairs and professor of ophthalmology and andJeannette Vasquez-Vivar, associate professoer of biophysics, will lead the program, called the Summed Research Education Program to Increase Diversity in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancingg to the next step on their academidc path and providing them with the tools they need to get Simons said.
million grant from the that will be used to increase the numbe r of minorities and other disadvantaged individuals pursuingbiomedical careers. The program will recruigt college undergraduatesand first-yeart medical students from populations that are under-represented nationally in health-related The students will undertake a 10-week periodx of hands-on laboratory experience during the summer at the Medical College. Under the guidance of Medical College faculty, the students will develop investigativwe knowledge and skills, particularly in the areas of cardiovascular, hematologic or sleep research.
The experiencr is intended to buildvaluable skills, self-confidences and interest in the health and aid the successful entry into graduatw school or medical school. Dr. Kenneth Simons, senior associate dean of academicf affairs and professor of ophthalmology and andJeannette Vasquez-Vivar, associate professoer of biophysics, will lead the program, called the Summed Research Education Program to Increase Diversity in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancingg to the next step on their academidc path and providing them with the tools they need to get Simons said.
Friday, September 23, 2011
Colorado to pay Lend Lease $4.5M to settle Lowry Range issue - Denver Business Journal:
disqualify-sida.blogspot.com
million to Lend Lease Lowry Range LLC in a settlementy between the company and the States Land Board over development of the former Lowry bombing range east of Lend Lease, a division of Australiaj developer Ltd., was chosen in December 2006 to develop a planned community on 3,900 acrew of the 26,000-acre bombing-range site. But it backed out this sayingit couldn’t locate a sustainabl water supply at a reasonabler cost for the new community. In Lend Lease asked the state to reimburssit $5.
67 million for work it did on the Lowry Ranger project, a request both sides used in reachinf Monday’s settlement, according to Monday’s announcemenft from the Colorado Department of Naturakl Resources, which oversees the State Land Board. As part of the Lend Lease will give the Land Boarrd all its LowryRange studies, plans and reports, ranginhg from site preparation and geotechnical studies to environmental analyses and detailed development plans for the proposed the state said. The state will pay the $4.5 millionh in four installments throughAugust 2011.
“This agreemenyt will allow us to continuse planning the Lowry Range development project and protect the interestsx ofour beneficiaries, the schoolchildrejn of Colorado,” said Brownell director of the Land Board, in a The Land Board manages 3 million acrese of state trust land to benefitr Colorado schools. “The board continues to be committed toits three-part visionn of the Lowry Range project, with a focus on sustainable development and long-term income for the School Trust while also conservingh one of the most important prairi grasslands in the Denver-metro region,” Bailey said.
The proposexd bombing-range development called for building 13,000 homeds plus retail and commercial space, while an additionak 22,000 acres would remain a conservatiojn parcel. Before it walked away from the projecyin January, Lend Lease estimated infrastructure work to prepare the land woulc be around $100 million. Actual development would pour anestimatedx $334 million over the next two decades into the Statee Land Board’s trust fund for Colorado’s school children.
Lend Lease is also building the Horizon City Cente project at Interstate 70and
million to Lend Lease Lowry Range LLC in a settlementy between the company and the States Land Board over development of the former Lowry bombing range east of Lend Lease, a division of Australiaj developer Ltd., was chosen in December 2006 to develop a planned community on 3,900 acrew of the 26,000-acre bombing-range site. But it backed out this sayingit couldn’t locate a sustainabl water supply at a reasonabler cost for the new community. In Lend Lease asked the state to reimburssit $5.
67 million for work it did on the Lowry Ranger project, a request both sides used in reachinf Monday’s settlement, according to Monday’s announcemenft from the Colorado Department of Naturakl Resources, which oversees the State Land Board. As part of the Lend Lease will give the Land Boarrd all its LowryRange studies, plans and reports, ranginhg from site preparation and geotechnical studies to environmental analyses and detailed development plans for the proposed the state said. The state will pay the $4.5 millionh in four installments throughAugust 2011.
“This agreemenyt will allow us to continuse planning the Lowry Range development project and protect the interestsx ofour beneficiaries, the schoolchildrejn of Colorado,” said Brownell director of the Land Board, in a The Land Board manages 3 million acrese of state trust land to benefitr Colorado schools. “The board continues to be committed toits three-part visionn of the Lowry Range project, with a focus on sustainable development and long-term income for the School Trust while also conservingh one of the most important prairi grasslands in the Denver-metro region,” Bailey said.
The proposexd bombing-range development called for building 13,000 homeds plus retail and commercial space, while an additionak 22,000 acres would remain a conservatiojn parcel. Before it walked away from the projecyin January, Lend Lease estimated infrastructure work to prepare the land woulc be around $100 million. Actual development would pour anestimatedx $334 million over the next two decades into the Statee Land Board’s trust fund for Colorado’s school children.
Lend Lease is also building the Horizon City Cente project at Interstate 70and
Wednesday, September 21, 2011
Lockheed Martin Gets $49.9 Mln Contract For Marine Corps Targeting System - RTT News
gerazawa.wordpress.com
Lockheed Martin Gets $49.9 Mln Contract For Marine Corps Targeting System RTT News In a separate press release, Lockheed Martin stated that it has submitted its contract proposal for full-rate production of a new US Army radar that provides soldiers in combat with enhanced 360-degree protection from rockets, mortars and artillery. ... Lockheed Martin Submits Bid for EQ-36 Radar Production |
Monday, September 19, 2011
Pakistan wants undisputed relation with US: FO - The Express Tribune
hundleyobajoji1908.blogspot.com
Fox News | Pakistan wants undisputed relation with US: FO The Express Tribune The minister said Pakistan wants an undisputed relation with US and authorities on both sides sh » |
Saturday, September 17, 2011
HP Execs Call Pending Autonomy Acquisition Key To Information Management Plans - CRN
pemp66seb.blogspot.com
HP Execs Call Pending Autonomy Acquisition Key To Information Management Plans CRN Hewlett-Packard's pending $10.3 billion acquisition of Autonomy is intended to help turn HP into a provider of information management services, said HP Chairman Ray Lane and Shane Robison, the company's executive vice president ... |
Wednesday, September 14, 2011
Maryland, other states challenge GM bankruptcy plan - Washington Business Journal:
budimirukaovyril.blogspot.com
GM’s plan would free the automaker of lemonm law and productliability requirements, hurting customerse who recently bought cars, Missouri Attorney Generapl Chris Koster’s office said Attorneys general from Connecticut, Maryland, Minnesota, Missouri, Nebraska, Nortbh Dakota and Vermont filed an objection aboutt the provision Friday in U.S. Bankruptcy Courtt in New York. But emerged from bankruptcy earlier this monthn free of the same liabilitieas forvehicle defects.
Koster said he also is concerned aboutfhow GM’s bankruptcy plan treats automobile The current agreement allows the post-bankruptcy GM to decidd unilaterally what contractual provisions to insert into dealership contractz and requires the dealerships to accept the contract as written by the automaker. The agreement takew away the dealerships’ right to object, even if the contracty does not give them the protections they have instate law, Koster’s office said.
“Ther current agreement is terribly unfair to these dealership owners, many of whom have been loyal GM dealerz for decades and have invested their life savings in thesr family businesses,” Koster said in a statement. “Igt is unconscionable to force a dealershio to waive its rights under Missouri law simply becausde GMhas floundered.” While the state of Wisconsin is not involved in the challengd to GM's bankruptcy plan, state legislators are pushingb for the reorganized company to continue to operater a plant in A little more than a week ago, Russ Feingold and Herb Kohl and Reps.
Paul Ryan and Tammyg Baldwin met with General Motors executives to push for the recentluy shuttered Janesville plant to be the location of the new lineof fuel-efficient cars.
GM’s plan would free the automaker of lemonm law and productliability requirements, hurting customerse who recently bought cars, Missouri Attorney Generapl Chris Koster’s office said Attorneys general from Connecticut, Maryland, Minnesota, Missouri, Nebraska, Nortbh Dakota and Vermont filed an objection aboutt the provision Friday in U.S. Bankruptcy Courtt in New York. But emerged from bankruptcy earlier this monthn free of the same liabilitieas forvehicle defects.
Koster said he also is concerned aboutfhow GM’s bankruptcy plan treats automobile The current agreement allows the post-bankruptcy GM to decidd unilaterally what contractual provisions to insert into dealership contractz and requires the dealerships to accept the contract as written by the automaker. The agreement takew away the dealerships’ right to object, even if the contracty does not give them the protections they have instate law, Koster’s office said.
“Ther current agreement is terribly unfair to these dealership owners, many of whom have been loyal GM dealerz for decades and have invested their life savings in thesr family businesses,” Koster said in a statement. “Igt is unconscionable to force a dealershio to waive its rights under Missouri law simply becausde GMhas floundered.” While the state of Wisconsin is not involved in the challengd to GM's bankruptcy plan, state legislators are pushingb for the reorganized company to continue to operater a plant in A little more than a week ago, Russ Feingold and Herb Kohl and Reps.
Paul Ryan and Tammyg Baldwin met with General Motors executives to push for the recentluy shuttered Janesville plant to be the location of the new lineof fuel-efficient cars.
Monday, September 12, 2011
Habitat delinquency rates at 24-year low - Nashville Business Journal:
mytyhona.wordpress.com
Despite tough times, Habitat homeowners are payingtheit mortgages, and Habitat leaders say that’s because the agency’ws Delinquency Committee and homeWorks program are HomeWORKS is a series of classexs that prepare families for homeownership. “This is a perfec illustration of the importance of educationfor first-time says Nashville Area Habitat president and CEO Chrisa McCarthy. “All of our families go through monthsof one-on-one budgeg coaching and hours of classes to get them ready for the responsibilityy of paying a mortgage and taking care of theier investment.
” The class covers financial legal aspects of homeownership, budgeting, responsiblw family and neighbor characteristics, homeowners’ assistance basics and home The program started in early 2005 and has grownb to include classes for children to share the responsibilityh of homeownership. “HomeWORKS is vital to our says McCarthy. “Along with the bricks and mortare associatedwith homeownership, these classes offee families the instruction and trainintg to sustain a better life for the not just for themselves but for their Nashville Area Habitat for Humanity, a nonprofitf organization, built 60 homes in 2008.
The group buildsd homes Energy Star compliantfor efficiency. To the agency has served morethan 1,300 people, includinh 800 children.
Despite tough times, Habitat homeowners are payingtheit mortgages, and Habitat leaders say that’s because the agency’ws Delinquency Committee and homeWorks program are HomeWORKS is a series of classexs that prepare families for homeownership. “This is a perfec illustration of the importance of educationfor first-time says Nashville Area Habitat president and CEO Chrisa McCarthy. “All of our families go through monthsof one-on-one budgeg coaching and hours of classes to get them ready for the responsibilityy of paying a mortgage and taking care of theier investment.
” The class covers financial legal aspects of homeownership, budgeting, responsiblw family and neighbor characteristics, homeowners’ assistance basics and home The program started in early 2005 and has grownb to include classes for children to share the responsibilityh of homeownership. “HomeWORKS is vital to our says McCarthy. “Along with the bricks and mortare associatedwith homeownership, these classes offee families the instruction and trainintg to sustain a better life for the not just for themselves but for their Nashville Area Habitat for Humanity, a nonprofitf organization, built 60 homes in 2008.
The group buildsd homes Energy Star compliantfor efficiency. To the agency has served morethan 1,300 people, includinh 800 children.
Saturday, September 10, 2011
SU football capable of providing exciting moments - WatertownDailyTimes.com
http://adamswatersheds.org/historicallandscape.html
SU football capable of providing exciting moments WatertownDailyTimes.com That was my father's response every time I complained when he sank left-handed hook shots â€" he's right-handed â€" from the top of the key or drained a behind-the-back shot in the paint during our one-on-one basketball matches growing up. ... |
Thursday, September 8, 2011
MMAC: Milwaukee-area economy still sluggish - Houston Business Journal:
ukatekexo.wordpress.com
Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.
Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.
Tuesday, September 6, 2011
Little change in pump prices this week - Denver Business Journal:
qalymeled.wordpress.com
The national average is $2.05 per up about a penny sincedlast week. Albuquerque has the most expensive gas in the stateeat $2.01 a The least expensive gas is in Las at $1.97. Santa Fe prices are averaging decreasing nearly four centsx fromlast week. The reportedr that oil was trading inthe $51 per barrel Some experts believe a change in oil prices may be drivenj by the broader stock market’s movements and changes in the valuwe of the dollar. Oil expertds say as long as the economy stays demand for oil and gasolinde willremain soft. “U.S.
demand for oil stilo remains relatively low, most likely a byproducft of theslow economy, and inventories of crudes continue to build despite producers’ efforts to slow said AAA New Mexiclo spokesperson Sarah Schimmer. Schimmer said that historically, the approachb of summer has meantr an increase in the priceof gas. She said this tren is most often attributed to refiners convertingbto cleaner-burning summer blends and increase driving in the summer travel season. The calculates that if gas prices staybetween $2.00 and $2.25 a gallon, an averagee driver using 50 gallons a month will probablg save between $75 and $100 a month comparerd with last summer. •National $2.
04 •New Mexico $2.06 •Texas $1.97 •Albuquerquer $2.01 •Las Cruces $1.97 •Santa Fe Area $2.00 Ariz. $2.13 •Tucson, Ariz. $1.84 •Denver $1.97 •Durango, Colo. $2.14 •Las Nev. $2.12 •Amarillo, Texas $1.96 •El Texas $1.95
The national average is $2.05 per up about a penny sincedlast week. Albuquerque has the most expensive gas in the stateeat $2.01 a The least expensive gas is in Las at $1.97. Santa Fe prices are averaging decreasing nearly four centsx fromlast week. The reportedr that oil was trading inthe $51 per barrel Some experts believe a change in oil prices may be drivenj by the broader stock market’s movements and changes in the valuwe of the dollar. Oil expertds say as long as the economy stays demand for oil and gasolinde willremain soft. “U.S.
demand for oil stilo remains relatively low, most likely a byproducft of theslow economy, and inventories of crudes continue to build despite producers’ efforts to slow said AAA New Mexiclo spokesperson Sarah Schimmer. Schimmer said that historically, the approachb of summer has meantr an increase in the priceof gas. She said this tren is most often attributed to refiners convertingbto cleaner-burning summer blends and increase driving in the summer travel season. The calculates that if gas prices staybetween $2.00 and $2.25 a gallon, an averagee driver using 50 gallons a month will probablg save between $75 and $100 a month comparerd with last summer. •National $2.
04 •New Mexico $2.06 •Texas $1.97 •Albuquerquer $2.01 •Las Cruces $1.97 •Santa Fe Area $2.00 Ariz. $2.13 •Tucson, Ariz. $1.84 •Denver $1.97 •Durango, Colo. $2.14 •Las Nev. $2.12 •Amarillo, Texas $1.96 •El Texas $1.95
Saturday, September 3, 2011
Builder seeks priority treatment in Fontainebleau bankruptcy - Silicon Valley / San Jose Business Journal:
kowutoco.wordpress.com
Nevada-based , a sister company to Fontainebleau Las Vegas, has filed a lawsuit within the bankruptcy asking to be among the first paid. It claims it is owed $669 If successful, the claim could wipe out some interestsw of some major lenders onthe project, including , . “Turnberry West Constructionh requests the court find its lien is superiod to any other type of mortgage or encumbrance that was incurrede after constructionhad begun,” the lawsuiyt contends. Turnberry West filed and recorded a claim of lien in Nevadaz onJune 4.
Fontainebleau Las Vegads LLC and two of itsaffiliatew – LLC and – filed for bankruptcu protection on June 10 in Fontainebleau Las Vegas is an affiliate of the company that holds ownership interest in the Fontainebleau Miami Beach. However, the Miami Beach hotel is not included in the Scott Baena, the attorney who represents the Fontainebleau Las said Soffer and Turnberru West did not want to file the litigation, which has the potentiao to eat up huge amounts of cash for legaol fees that is needed to complete the hotep project. The $2.9 billion resort-casino project on the Las Vegads Strip is 70percent complete.
“I thin it’s extremely expensive and impairs our abilityto reorganize,” Baenqa said during the first meeting of creditor on Wednesday in Miami. “Great harm and damage will be visiteds on the debtor is this litigation goesaheacd now.” Baena said he will likely seek a stay of the Miami-based Berger Singerman is handling the The company has said that the decision to file Chapter 11 was the directy result of litigation with lenders on the Las Vegad hotel construction project that had to do with contractual disputexs related to nearly $800 milliobn in construction funding for the
Nevada-based , a sister company to Fontainebleau Las Vegas, has filed a lawsuit within the bankruptcy asking to be among the first paid. It claims it is owed $669 If successful, the claim could wipe out some interestsw of some major lenders onthe project, including , . “Turnberry West Constructionh requests the court find its lien is superiod to any other type of mortgage or encumbrance that was incurrede after constructionhad begun,” the lawsuiyt contends. Turnberry West filed and recorded a claim of lien in Nevadaz onJune 4.
Fontainebleau Las Vegads LLC and two of itsaffiliatew – LLC and – filed for bankruptcu protection on June 10 in Fontainebleau Las Vegas is an affiliate of the company that holds ownership interest in the Fontainebleau Miami Beach. However, the Miami Beach hotel is not included in the Scott Baena, the attorney who represents the Fontainebleau Las said Soffer and Turnberru West did not want to file the litigation, which has the potentiao to eat up huge amounts of cash for legaol fees that is needed to complete the hotep project. The $2.9 billion resort-casino project on the Las Vegads Strip is 70percent complete.
“I thin it’s extremely expensive and impairs our abilityto reorganize,” Baenqa said during the first meeting of creditor on Wednesday in Miami. “Great harm and damage will be visiteds on the debtor is this litigation goesaheacd now.” Baena said he will likely seek a stay of the Miami-based Berger Singerman is handling the The company has said that the decision to file Chapter 11 was the directy result of litigation with lenders on the Las Vegad hotel construction project that had to do with contractual disputexs related to nearly $800 milliobn in construction funding for the
Thursday, September 1, 2011
Gold, Silver ETFs Manage To Gain Ground; Large-Cap Miners Jump - Barron's (blog)
wilhelminadora4287.blogspot.com
Gold, Silver ETFs Manage To Gain Ground; Large-Cap Miners Jump Barron's (blog) Silver and gold ETFs traded flat Thursday as US job and manufacturing data provided little reason for traders to make big bets ahead of tomorrow's fateful August employment report. Pressuring precious metals was a rising dollar. ... |
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