Resale homes report: Existing homes sold, Dec. 12-14 Las Vegas Review-Journal Editor's note: Listings include the resale home's parcel number. Occasionally, the address listed is the homebuyer's mailing address and not the actual location of the home. Check the parcel number to make sure. Also, a few transactions do not reflect ... |
Saturday, December 29, 2012
Resale homes report: Existing homes sold, Dec. 12-14 - Las Vegas Review-Journal
zuloraxelewo.blogspot.com
Friday, December 28, 2012
Unemployment rate falls in Allegheny, Beaver counties - Pittsburgh Business Times:
ogarawo.wordpress.com
and Industry released seasonally adjusted unemployment figures forthe state’sa counties and metropolitan statistical areas on Tuesday. In Alleghent County, the unemployment rate fell from 6.6 percent in Marcb to 6.5 percent in April. Beaver County’s went from 8.2 percent in March to 7.9 percentt in April. The improvements in Allegheny andBeaver counties, were not enough to boos t the seven-county Pittsburgh MSA, which saw its seasonallh adjusted unemployment rate increase from 7.2 percent in Marcy to 7.3 percent in Pennsylvania’s unemployment rate held steadhy at 7.8 percent.
When making the Department of Labofr and Industry uses seasonally adjusted figures in order to accoung for cyclical hiring differencesthat don’tg reflect changes in the overall economy. Employmenty in the seven-county Pittsburgh area continues to be stronger than manyothe areas. In addition to bestinh the state by half apercentage point, unemployment in the Pittsburgh MSA is 1.6 percentags points lower than the United Statews as a whole, which has seasonally adjusted unemployment of 8.9 percent. Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percentg Altoona: 7.2 percent Pittsburgh: 7.3 percent Philadelphia: 7.9 perceny York-Hanover: 7.9 percent 8.
3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent 8.7 percent Reading: 8.7 percenr Within the Pittsburgh MSA, unemployment ranged from 6.5 percenty in Allegheny County to 9.8 percent in Armstrong County. Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 perceng Westmoreland: 8.1 percent Fayette: 8.9 percent Armstrong: 9.8 percentg
and Industry released seasonally adjusted unemployment figures forthe state’sa counties and metropolitan statistical areas on Tuesday. In Alleghent County, the unemployment rate fell from 6.6 percent in Marcb to 6.5 percent in April. Beaver County’s went from 8.2 percent in March to 7.9 percentt in April. The improvements in Allegheny andBeaver counties, were not enough to boos t the seven-county Pittsburgh MSA, which saw its seasonallh adjusted unemployment rate increase from 7.2 percent in Marcy to 7.3 percent in Pennsylvania’s unemployment rate held steadhy at 7.8 percent.
When making the Department of Labofr and Industry uses seasonally adjusted figures in order to accoung for cyclical hiring differencesthat don’tg reflect changes in the overall economy. Employmenty in the seven-county Pittsburgh area continues to be stronger than manyothe areas. In addition to bestinh the state by half apercentage point, unemployment in the Pittsburgh MSA is 1.6 percentags points lower than the United Statews as a whole, which has seasonally adjusted unemployment of 8.9 percent. Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percentg Altoona: 7.2 percent Pittsburgh: 7.3 percent Philadelphia: 7.9 perceny York-Hanover: 7.9 percent 8.
3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent 8.7 percent Reading: 8.7 percenr Within the Pittsburgh MSA, unemployment ranged from 6.5 percenty in Allegheny County to 9.8 percent in Armstrong County. Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 perceng Westmoreland: 8.1 percent Fayette: 8.9 percent Armstrong: 9.8 percentg
Thursday, December 27, 2012
Industry recruiters should take a cue from auto meltdown - Memphis Business Journal:
ogarawo.wordpress.com
Marion, Ark. has chased the automobilee industry aggressively forseveral years. But now the city is shiftint gears to cast awider net. Auto assembly plantz remain a viable industryto pursue, unlike the appare l manufacturing industry, but the recession has brought a sobering realitg to places like Marion and Blue Springs, When economic development efforts are too narrowly focusex on a specific industry, a community’s livelihood hinges on catching that one big fish.
And, once its fortunes remain tied to the relative health of that Blue Springs, located just outside of won the coveted Toyota sweepstakes in February 2007, gettin word that its industrial megasitre would become home for Toyota Motor Corp.’s $1.3 billion Highlander SUV assemblyu plant. Parts suppliers to Toyots made subsequent announcementssaying they, too, woulsd be locating parts facilities nearby to servicd the Toyota mother plant.
As the pricre of oil, and gasoline, skyrockete to unprecedented levelsin 2008, Toyota decided to produces its hybrid vehicle brand Prius at the Blue Springs plant Then, the plant’s opening was delayed as new car salese slowed and the auto giant saw profits slided 27% in the fourth quarter of 2008. And now with the you have to wondert if production will startin mid-20100 as Toyota has said, or if another announcement is The bottom line is that Blue and the investment made by Pontotoc, Union and Lee countiesa to lure the plant, have little control over what happens. Marionm was in the running for theHighlander plant, and still has the Hino Motors Ltd.
partz plant that employs abou 500, down from a peak of 750. But Mariojn is now looking to recruit a varietyu of different industries to its Railport Industrial Bothcommunities won, and we expect Toyota’s presence in Blue Springs will serve that economy very well for yearsz to come. But putting your eggs in one baskert comes witha price. If the focu is too narrow, the price of lost opportunities comesto mind. Those developing new and future megasites inthe Mid-Soutj should remember there are plenty of different fish that thoss nets can catch.
Marion, Ark. has chased the automobilee industry aggressively forseveral years. But now the city is shiftint gears to cast awider net. Auto assembly plantz remain a viable industryto pursue, unlike the appare l manufacturing industry, but the recession has brought a sobering realitg to places like Marion and Blue Springs, When economic development efforts are too narrowly focusex on a specific industry, a community’s livelihood hinges on catching that one big fish.
And, once its fortunes remain tied to the relative health of that Blue Springs, located just outside of won the coveted Toyota sweepstakes in February 2007, gettin word that its industrial megasitre would become home for Toyota Motor Corp.’s $1.3 billion Highlander SUV assemblyu plant. Parts suppliers to Toyots made subsequent announcementssaying they, too, woulsd be locating parts facilities nearby to servicd the Toyota mother plant.
As the pricre of oil, and gasoline, skyrockete to unprecedented levelsin 2008, Toyota decided to produces its hybrid vehicle brand Prius at the Blue Springs plant Then, the plant’s opening was delayed as new car salese slowed and the auto giant saw profits slided 27% in the fourth quarter of 2008. And now with the you have to wondert if production will startin mid-20100 as Toyota has said, or if another announcement is The bottom line is that Blue and the investment made by Pontotoc, Union and Lee countiesa to lure the plant, have little control over what happens. Marionm was in the running for theHighlander plant, and still has the Hino Motors Ltd.
partz plant that employs abou 500, down from a peak of 750. But Mariojn is now looking to recruit a varietyu of different industries to its Railport Industrial Bothcommunities won, and we expect Toyota’s presence in Blue Springs will serve that economy very well for yearsz to come. But putting your eggs in one baskert comes witha price. If the focu is too narrow, the price of lost opportunities comesto mind. Those developing new and future megasites inthe Mid-Soutj should remember there are plenty of different fish that thoss nets can catch.
Tuesday, December 25, 2012
ASPCA(R) Releases New Data Concerning Spot-On Flea and Tick Control
jabire2389.blogspot.com
"Products labeled for dogs must nevert be used oncats -- doing so can resulft in serious illness and even death," says Dr. , Medicakl Director of the ASPCA's Bergh Memorial Animal Hospital. "A veterinarian must alwayw be consulted beforeusing spot-on flea and tick treatmentsd on very young, old, sick or pregnant pets." The ASPCs receives more than 700 callse daily from veterinarians and pet parents, resulting in over 150,00o0 annual cases involving medications, insecticides, plants and ASPCA epidemiologist Dr. analyzed data from publicv calls managed by the ASPCAw regarding flea andtick products. The data identifiexd two key findings.
When cats were treatedc inappropriately (not per label directions), they are significantly more likelt to experiencesevere reactions: no illness despite a call to the ASPCAw (18%), mild illness (17%), moderate illness (45%), majord illness (19%), and death (2%). When dogs and cats were treatefdcorrectly (per label directions), the likelihood of severe adverse reactionh was significantly less: no illness despite a call to the ASPCA mild illness (69%), moderate illness (22%), majore illness (2%), and death (0.1%).
"The importan t take-home message is that although adverse reactions can occur with all flea andtick products, most effectx are relatively mild and include skin irritation and stomachh upset," says Dr. , ASPCA veterinary toxicologist and Senior Vice Presidenf AnimalHealth Services. "Pet parents should not discontinue usingg products as directed by the productr label when faced with aflea infestation.
" Using products as directed and making necessary adjustments basef on health will greatly reduce adverss reactions from flea and tick or any other medical Fleas cause anemia (low bloosd counts), carry tapeworms, and can transmitt infections such as Bartonella; ticks transmit many disease including Lyme Disease and Rocky Mountain Spotted Fever. The risk to pets from thesee diseases is greater than the risk of adversw reactions when products areuse appropriately. Founded in the ASPCA(R) (The American Society for the Preventiom of Cruelty to was the first humane organization established in the and today has more than one million supporterz throughoutNorth America.
A 501 not-for-profit corporation, the ASPCA'ds mission is to provide effective means for the prevention of cruelthy to animals throughout theUnited States. The ASPCzA provides local and national leadership in animal-assisted therapy, animal behavior, animal poison control, humane education, legislative services, and shelter outreach. The New York City headquartersa housesa full-service, accredited, animal hospital, adoptionh center, and mobile clinic outreach program. The Humane Law Enforcementf department enforcesNew York's animal cruelty laws and is features on the reality television series "Animal Precinct" on Animalp Planet. For more information, pleasee visit .
"Products labeled for dogs must nevert be used oncats -- doing so can resulft in serious illness and even death," says Dr. , Medicakl Director of the ASPCA's Bergh Memorial Animal Hospital. "A veterinarian must alwayw be consulted beforeusing spot-on flea and tick treatmentsd on very young, old, sick or pregnant pets." The ASPCs receives more than 700 callse daily from veterinarians and pet parents, resulting in over 150,00o0 annual cases involving medications, insecticides, plants and ASPCA epidemiologist Dr. analyzed data from publicv calls managed by the ASPCAw regarding flea andtick products. The data identifiexd two key findings.
When cats were treatedc inappropriately (not per label directions), they are significantly more likelt to experiencesevere reactions: no illness despite a call to the ASPCAw (18%), mild illness (17%), moderate illness (45%), majord illness (19%), and death (2%). When dogs and cats were treatefdcorrectly (per label directions), the likelihood of severe adverse reactionh was significantly less: no illness despite a call to the ASPCA mild illness (69%), moderate illness (22%), majore illness (2%), and death (0.1%).
"The importan t take-home message is that although adverse reactions can occur with all flea andtick products, most effectx are relatively mild and include skin irritation and stomachh upset," says Dr. , ASPCA veterinary toxicologist and Senior Vice Presidenf AnimalHealth Services. "Pet parents should not discontinue usingg products as directed by the productr label when faced with aflea infestation.
" Using products as directed and making necessary adjustments basef on health will greatly reduce adverss reactions from flea and tick or any other medical Fleas cause anemia (low bloosd counts), carry tapeworms, and can transmitt infections such as Bartonella; ticks transmit many disease including Lyme Disease and Rocky Mountain Spotted Fever. The risk to pets from thesee diseases is greater than the risk of adversw reactions when products areuse appropriately. Founded in the ASPCA(R) (The American Society for the Preventiom of Cruelty to was the first humane organization established in the and today has more than one million supporterz throughoutNorth America.
A 501 not-for-profit corporation, the ASPCA'ds mission is to provide effective means for the prevention of cruelthy to animals throughout theUnited States. The ASPCzA provides local and national leadership in animal-assisted therapy, animal behavior, animal poison control, humane education, legislative services, and shelter outreach. The New York City headquartersa housesa full-service, accredited, animal hospital, adoptionh center, and mobile clinic outreach program. The Humane Law Enforcementf department enforcesNew York's animal cruelty laws and is features on the reality television series "Animal Precinct" on Animalp Planet. For more information, pleasee visit .
Monday, December 24, 2012
Jews and Santa - Huffington Post
firukendu-anchored.blogspot.com
Jews and Santa Huffington Post In a family where each December is filled with candles, latkes and dreidels, I wasn't sure when, or if, I would ever have to tackle this question. And yet, last year, my son started pressing me for an answer. He had remarkably made it five years ... |
Sunday, December 23, 2012
Gun control policy ideas more than just talk - Los Angeles Times
firukendu-anchored.blogspot.com
MSNBC | Gun control policy ideas more than just talk Los Angeles Times Not much lead time, but no matter: Adler, national president of the Federal Law Enforcement Officers Assn., had a list of policy changes â€" from legislative to regulatory to "tactical" coordination â€" at the ready, with granular detail. He cited ... Obama Ap points Biden to Oversee Newtown Policy Response Violence Policy Center Statement on NRA CEO Wayne LaPierre's Press ... Clips from Last Night: Richard Blumenthal on gun policy reform; David Chase on ... |
Thursday, December 20, 2012
Amnesty International says Greece's treatment of migrants makes mockery of ... - Fox News
ogarawo.wordpress.com
RT | Amnesty International says Greece's treatment of migrants makes mockery of ... Fox News ATHENS, Greece â€" Amnesty International is condemning Greece's treatment of the thousands of illegal immigrants who slip through its borders every year, saying the financi » |
Monday, December 17, 2012
Penn National Gaming taking
gault-rickettsias.blogspot.com
The Wyomissing, Pa.-based owner of Charles Town Racesx and Slots said it would consider workinv on a proposal at the Anne Arundel Countu racetrack should an application for a facilitt at Arundel Mills Mall But it’s not activelyg pursuing the opportunity, spokesman Eric Schippet said. And that wouldn't fit withib the slots licensing anyway, said Donald C. Fry, chairman of the states commission overseeingslots development. “We’red taking a wait-and-see approach,” Schipper said.
The Baltimore Sun reporte d Tuesday thatPenn National, whicb has a pending license application for a slotes parlor in Cecil County, was chomping at the bit for an opportunit y at Laurel Park because it appears possibl e that the Arundel Mills site could fail to get zoning approval. State law allows only one slots parlor in the A snag in the zoninghprocess wouldn’t be enough to kill the Arundelp Mills proposal, put forth by Baltimore developetr the The state slots commission’s review of Cordish’s application is ongoing until the fall, Fry said. Only then will therew be a final decision to accept or rejectthe application, he said.
From there, the commissiobn would have to put out a request for new bids on the slotxs license in Anne Arundel Fry said. And Penn National couldn’r make such a bid on its own becaus e applicants are limited toone license. “Thered is only one valid [Anne Arundel County] proposal before us at this and that is theCordish proposal,” Fry said. The countyt council has delayed votin on a slots zoning designation for the Arundepl Mills sitefour times, most recently Monday. It’sd slated to come up again next month, but it’s not clea if that will happen because Council Chairman Edward Reilly is expectedc to take an open stated Senate seat beforethat meeting.
, the Canada-basef owner of Laurel Park and Pimlico had applied for a slota license at Laurel but its application was rejectede outright because it lacked arequiredf $25 million in up-front construction financing for each 500 slot machines. Sincd then, the company filed for bankruptcy and could end up selling one orboth , a Magna subsidiary, also filex a lawsuit that is pending in the Marylaned Court of Special Appeals. The group argued that it wasn’y clear whether the financing would have been refundef if thebid wasn’t accepted. Anne Arundep County Circuit Court upheld theslots commission’s decision to disqualifu the bid, but Magna appealed the decision.
Horse racing industrg advocates were disappointed that LaurelPark didn’y make it to the final list of potential slots sites. While a share of slots revenue will go to the horsse racing industry regardless of whether the slot machines are at a it would have been better if the machine s could have made trackz more of a destination to drum up saidAlan Foreman, lawyer for the But the horsre industry is still hopefully eyeing the situation, Foreman “This thing has been fraught with so I wouldn’t think we wouldn’t see any more surprise before this thing is all over,” he
The Wyomissing, Pa.-based owner of Charles Town Racesx and Slots said it would consider workinv on a proposal at the Anne Arundel Countu racetrack should an application for a facilitt at Arundel Mills Mall But it’s not activelyg pursuing the opportunity, spokesman Eric Schippet said. And that wouldn't fit withib the slots licensing anyway, said Donald C. Fry, chairman of the states commission overseeingslots development. “We’red taking a wait-and-see approach,” Schipper said.
The Baltimore Sun reporte d Tuesday thatPenn National, whicb has a pending license application for a slotes parlor in Cecil County, was chomping at the bit for an opportunit y at Laurel Park because it appears possibl e that the Arundel Mills site could fail to get zoning approval. State law allows only one slots parlor in the A snag in the zoninghprocess wouldn’t be enough to kill the Arundelp Mills proposal, put forth by Baltimore developetr the The state slots commission’s review of Cordish’s application is ongoing until the fall, Fry said. Only then will therew be a final decision to accept or rejectthe application, he said.
From there, the commissiobn would have to put out a request for new bids on the slotxs license in Anne Arundel Fry said. And Penn National couldn’r make such a bid on its own becaus e applicants are limited toone license. “Thered is only one valid [Anne Arundel County] proposal before us at this and that is theCordish proposal,” Fry said. The countyt council has delayed votin on a slots zoning designation for the Arundepl Mills sitefour times, most recently Monday. It’sd slated to come up again next month, but it’s not clea if that will happen because Council Chairman Edward Reilly is expectedc to take an open stated Senate seat beforethat meeting.
, the Canada-basef owner of Laurel Park and Pimlico had applied for a slota license at Laurel but its application was rejectede outright because it lacked arequiredf $25 million in up-front construction financing for each 500 slot machines. Sincd then, the company filed for bankruptcy and could end up selling one orboth , a Magna subsidiary, also filex a lawsuit that is pending in the Marylaned Court of Special Appeals. The group argued that it wasn’y clear whether the financing would have been refundef if thebid wasn’t accepted. Anne Arundep County Circuit Court upheld theslots commission’s decision to disqualifu the bid, but Magna appealed the decision.
Horse racing industrg advocates were disappointed that LaurelPark didn’y make it to the final list of potential slots sites. While a share of slots revenue will go to the horsse racing industry regardless of whether the slot machines are at a it would have been better if the machine s could have made trackz more of a destination to drum up saidAlan Foreman, lawyer for the But the horsre industry is still hopefully eyeing the situation, Foreman “This thing has been fraught with so I wouldn’t think we wouldn’t see any more surprise before this thing is all over,” he
Sunday, December 16, 2012
Forced Arbitration Denies Consumers Fair Hearing on Complaints About Credit Cards and Other Financial Products
sucujovide.wordpress.com
June 3 /PRNewswire-USNewswire/ -- Consumers have the deck stackee against them when they are forced into mandatory arbitration by their credit card issuer or other financialservicew provider, an analysis by the Center for Responsibls Lending confirms. Many consumers don't even know that the contractsx they sign for most credit auto loans and other small loan products come with hiddeb clauses that require they use arbitration rathefr than the courts if a complaint A recent poll shows Americans believe they shouldr have the right to pursue claimx in court ifthey want.
The CRL analysis, "Stackeds Deck," details some of the forces workinh againstan individual's abilith to receive a fair hearing during Among them: -- Individual arbitrators have a strong incentived to favor the firm s that provide them with repeat business over an individual consumefr they may never see again. -- Companies win a favorabls ruling in arbitration far more oftenthan consumers. -- Companied involved in the mostarbitration cases--andx therefore in creating the most businesws for arbitrators?consistently receive more favorable rulings than firmx involved in fewer cases.
CRL recommendas that, before signing a contract, borrowers read the fine print, ask questionsz and try to opt-out of arbitration clauses. And they should keep in mind that such clausesa may not always be The report isavailable at: is a nonprofit, nonpartisahn research and policy organization dedicated to protecting homeownership and family wealtyh by working to eliminate abusive financiaol practices. CRL is affiliated with , one of the nation'd largest community developmentfinanciaol institutions.
June 3 /PRNewswire-USNewswire/ -- Consumers have the deck stackee against them when they are forced into mandatory arbitration by their credit card issuer or other financialservicew provider, an analysis by the Center for Responsibls Lending confirms. Many consumers don't even know that the contractsx they sign for most credit auto loans and other small loan products come with hiddeb clauses that require they use arbitration rathefr than the courts if a complaint A recent poll shows Americans believe they shouldr have the right to pursue claimx in court ifthey want.
The CRL analysis, "Stackeds Deck," details some of the forces workinh againstan individual's abilith to receive a fair hearing during Among them: -- Individual arbitrators have a strong incentived to favor the firm s that provide them with repeat business over an individual consumefr they may never see again. -- Companies win a favorabls ruling in arbitration far more oftenthan consumers. -- Companied involved in the mostarbitration cases--andx therefore in creating the most businesws for arbitrators?consistently receive more favorable rulings than firmx involved in fewer cases.
CRL recommendas that, before signing a contract, borrowers read the fine print, ask questionsz and try to opt-out of arbitration clauses. And they should keep in mind that such clausesa may not always be The report isavailable at: is a nonprofit, nonpartisahn research and policy organization dedicated to protecting homeownership and family wealtyh by working to eliminate abusive financiaol practices. CRL is affiliated with , one of the nation'd largest community developmentfinanciaol institutions.
Saturday, December 15, 2012
Community banks hopeful next capital wave is a tsunami - bizjournals:
ogarawo.wordpress.com
The capital, raised mostly through privatee placements, in some cases is needed to bolsterf balance sheets as banks deal with expectesd increases in loan losses and toughedregulatory requirements. But other bankes simply are building cash cushions that will let them act quicklyu to buy branches or even other financial institutiond when they come onthe U.S. banks and other financialp groupsraised $89 billion in equity via 92 deals in the second quarter of 2009, the highest number of deals and the highesyt dollar volume in a year, according to a repor t from Dealogic, a New York tracking that was quoted in .
Some banks have raiser capital to repay funds fromthe ’sw Troubled Asset Relief Program. Otherd that did not accept TARP funds are finding they also need or want toraised capital, said Jeff Hunt, presidenrt of Kendrick Pierce & Co., a Tampq investment banking firm. “We’re hopefully coming out of one of the worstt bankingenvironments we’ve seen sincde the S&L crisis, if not dating back to the Hunt said. “We’ve positioned ourselves to be ready for this next wave of in Lakeland is among those raising capital becausde itsees opportunities, said Hunt. His firm is serving as placemeny agent forthe $10.2 milliobn public offering.
Community Southern (Pink Sheets: is arming itself with capital to potentiallyt acquirebranch offices, Hunt The bank doesn’t have any deals in the but its largest competitora in Polk County have been changing owners and consolidating, creating an opening to attract customers lookinhg for personalized services providerd by a community bank, according to the offerinvg circular. Largo-based has been beefing up capital regularly since it was establishe din 2007, allowing it to buy in Clearwater last year, as well as a Pilot Bank brancu in Brandon.
The latesg round of funding, $12 million in equity raiseed from 44 investors in a privatse placementin mid-June, was part of an ongoing plan for continuedr growth, said Brad McMurtrey, president of USAmeriBank. Investors put in at leasgt $100,000 each, and despite the economif climate, the deal was oversubscribed, McMurtregy said. Roughly 170 shareholders of raisef $18.3 million in equity in a privatr placementin May, a filing with the “This infusion of new capital is a vote of confidencr from our existing shareholders,” Robert Rothman, chairman and CEO of the Tampaz holding company, said in a release.
Floridaw Bank has been expanding statewide and — like USAmeriBank — was among just a small numberf of Bay area banks that were in the black in the firsy quarter of 2009, providing a positive return on equity . Some capital raising has clearly been adefensived play. Inc., based in Naples, signeds an agreement last year with statw and federal regulators to eliminate bad loans from its bookas and to boostits capital. In June, the bank raisedr $25 million from two investors, an SEC filing said. It plans to raise an additional $50 the filing indicated. Even banks considered well-capitalizex are looking at adding some additional as regulators increase their Hunt said.
The typical threshold for a key ratio, measuring Tier 1 capitao as a percentof risk-weightedd assets, has been 10 percent, but after examinationx some banks are being asked to bump that to 12 he said. The capital quest is likely to accelerate, according to a July 6 reportrfrom . Analyst Matt O’Connor wrotwe that U.S. banks may have to raise as muchas $300 billioj to cover expected credit losses and highere capital requirements.
The capital, raised mostly through privatee placements, in some cases is needed to bolsterf balance sheets as banks deal with expectesd increases in loan losses and toughedregulatory requirements. But other bankes simply are building cash cushions that will let them act quicklyu to buy branches or even other financial institutiond when they come onthe U.S. banks and other financialp groupsraised $89 billion in equity via 92 deals in the second quarter of 2009, the highest number of deals and the highesyt dollar volume in a year, according to a repor t from Dealogic, a New York tracking that was quoted in .
Some banks have raiser capital to repay funds fromthe ’sw Troubled Asset Relief Program. Otherd that did not accept TARP funds are finding they also need or want toraised capital, said Jeff Hunt, presidenrt of Kendrick Pierce & Co., a Tampq investment banking firm. “We’re hopefully coming out of one of the worstt bankingenvironments we’ve seen sincde the S&L crisis, if not dating back to the Hunt said. “We’ve positioned ourselves to be ready for this next wave of in Lakeland is among those raising capital becausde itsees opportunities, said Hunt. His firm is serving as placemeny agent forthe $10.2 milliobn public offering.
Community Southern (Pink Sheets: is arming itself with capital to potentiallyt acquirebranch offices, Hunt The bank doesn’t have any deals in the but its largest competitora in Polk County have been changing owners and consolidating, creating an opening to attract customers lookinhg for personalized services providerd by a community bank, according to the offerinvg circular. Largo-based has been beefing up capital regularly since it was establishe din 2007, allowing it to buy in Clearwater last year, as well as a Pilot Bank brancu in Brandon.
The latesg round of funding, $12 million in equity raiseed from 44 investors in a privatse placementin mid-June, was part of an ongoing plan for continuedr growth, said Brad McMurtrey, president of USAmeriBank. Investors put in at leasgt $100,000 each, and despite the economif climate, the deal was oversubscribed, McMurtregy said. Roughly 170 shareholders of raisef $18.3 million in equity in a privatr placementin May, a filing with the “This infusion of new capital is a vote of confidencr from our existing shareholders,” Robert Rothman, chairman and CEO of the Tampaz holding company, said in a release.
Floridaw Bank has been expanding statewide and — like USAmeriBank — was among just a small numberf of Bay area banks that were in the black in the firsy quarter of 2009, providing a positive return on equity . Some capital raising has clearly been adefensived play. Inc., based in Naples, signeds an agreement last year with statw and federal regulators to eliminate bad loans from its bookas and to boostits capital. In June, the bank raisedr $25 million from two investors, an SEC filing said. It plans to raise an additional $50 the filing indicated. Even banks considered well-capitalizex are looking at adding some additional as regulators increase their Hunt said.
The typical threshold for a key ratio, measuring Tier 1 capitao as a percentof risk-weightedd assets, has been 10 percent, but after examinationx some banks are being asked to bump that to 12 he said. The capital quest is likely to accelerate, according to a July 6 reportrfrom . Analyst Matt O’Connor wrotwe that U.S. banks may have to raise as muchas $300 billioj to cover expected credit losses and highere capital requirements.
Thursday, December 13, 2012
Bringing nurses back - Baltimore Business Journal:
sucujovide.wordpress.com
“I feel like every third persom I talk to has an interestin nursing,” said Hoff, a nursee at working in presurgery. The recessiob has people craving asafe harbor, and nursing is probabl y the closest thing to it. The upshot is that not only are career-changersz looking to get into nursing, but former nursex are coming back to the and older nurses are putting off The offers nursing refresher courses in conjunctioh withand . Demand looks to be on a steeo rise, said Mary executive director ofthe council’s . The next 10-wee session starts in September and will take about25 “We have a lot of people calling,” Duffey said.
“W e always have a fairly high demand. But I’dc be surprised if we don’t get twic e as many applicantsas usual.” Quitde often, the applicants are people who have left the field for otherd careers – from being a pilot to owning their own business. Sometimesw a spouse has lost a job. “They say they’res nervous about the industry they’re in and would feel more securre being in thehealth industry, and they want to come Duffey said. The promise of a stable income is what lures Hoff back tothe fold. She completed the refreshef program after a decade away from Hoff left whenher husband, a employee, transferred to Iowa Iowa.
She stayed home to raise theit children. Hoff had 10 yearss experience whenshe left. She always knew she wantedc to go back to nursinhgbut wasn’t sure how or when. “When I did I was very clinically sound, I performe d at a high she said. “Having been out of the environment for10 years, I thought it was a stretc to think I could just jump back in. Once I got out, it got harde r to see myself returning. I wondereed how I’d get back in the system.” But when they moved back to theCincinnatui area, she took Before long the kids would be headed for The family needed the money. It’ss been a good decision.
Hoff enjoyss her job and has the kind of stabilit that friends and acquaintances envy working in a field that is opento career-changers, welcomes back former members who have left for a whilew and doesn’t mind if you’re middle-age or She gets serious queries abouty nursing from lots of friends and Often they’re people in their 40s and 50s, well-establishedf in completely different careers, people Hoff assumees are making pretty good money. Nurses themselves, Hoff now appreciate what they have more than Moraleis high.
“There is definitely a wave of peopl e feeling more appreciative of it rather than thinkinbg of whathard work,” Hoff The side effect is that it’s not as easy to get a nursinyg job now. A mounting nursing shortaged appears tohave stabilized, at leasyt temporarily. The market is somewhat tight for nurses lookingf to work ina hospital, less so for those inclined toward long-term care. St. Elizabeth, for has little need for morenurses now. “I see a decrease in the number ofpeople leaving,” said Lisa Blank, directo of recruitment and employer relations for St. Elizabeth. “Our expected retirements just didn’f happen this year.
I think if the economy had been like it was last there would havebeen more.” It’x been a regional trend. But with the average age of Greatefr Cincinnati nurses now in the experts know the retirementw will only be delayed ashort time. “We believe the market will open Duffey said, “probably beforre other industries do.” Nursing as a career fiele is stabilizing as people return to the professionh and others remain in their jobs longer. The Greaterd Cincinnati Health Council offers a refresherf course forreturning nurses. Many entering the field are in thei 40s and 50s and want a moresecure job.
The market shoulr open up once the economty turns around and oldernurses
“I feel like every third persom I talk to has an interestin nursing,” said Hoff, a nursee at working in presurgery. The recessiob has people craving asafe harbor, and nursing is probabl y the closest thing to it. The upshot is that not only are career-changersz looking to get into nursing, but former nursex are coming back to the and older nurses are putting off The offers nursing refresher courses in conjunctioh withand . Demand looks to be on a steeo rise, said Mary executive director ofthe council’s . The next 10-wee session starts in September and will take about25 “We have a lot of people calling,” Duffey said.
“W e always have a fairly high demand. But I’dc be surprised if we don’t get twic e as many applicantsas usual.” Quitde often, the applicants are people who have left the field for otherd careers – from being a pilot to owning their own business. Sometimesw a spouse has lost a job. “They say they’res nervous about the industry they’re in and would feel more securre being in thehealth industry, and they want to come Duffey said. The promise of a stable income is what lures Hoff back tothe fold. She completed the refreshef program after a decade away from Hoff left whenher husband, a employee, transferred to Iowa Iowa.
She stayed home to raise theit children. Hoff had 10 yearss experience whenshe left. She always knew she wantedc to go back to nursinhgbut wasn’t sure how or when. “When I did I was very clinically sound, I performe d at a high she said. “Having been out of the environment for10 years, I thought it was a stretc to think I could just jump back in. Once I got out, it got harde r to see myself returning. I wondereed how I’d get back in the system.” But when they moved back to theCincinnatui area, she took Before long the kids would be headed for The family needed the money. It’ss been a good decision.
Hoff enjoyss her job and has the kind of stabilit that friends and acquaintances envy working in a field that is opento career-changers, welcomes back former members who have left for a whilew and doesn’t mind if you’re middle-age or She gets serious queries abouty nursing from lots of friends and Often they’re people in their 40s and 50s, well-establishedf in completely different careers, people Hoff assumees are making pretty good money. Nurses themselves, Hoff now appreciate what they have more than Moraleis high.
“There is definitely a wave of peopl e feeling more appreciative of it rather than thinkinbg of whathard work,” Hoff The side effect is that it’s not as easy to get a nursinyg job now. A mounting nursing shortaged appears tohave stabilized, at leasyt temporarily. The market is somewhat tight for nurses lookingf to work ina hospital, less so for those inclined toward long-term care. St. Elizabeth, for has little need for morenurses now. “I see a decrease in the number ofpeople leaving,” said Lisa Blank, directo of recruitment and employer relations for St. Elizabeth. “Our expected retirements just didn’f happen this year.
I think if the economy had been like it was last there would havebeen more.” It’x been a regional trend. But with the average age of Greatefr Cincinnati nurses now in the experts know the retirementw will only be delayed ashort time. “We believe the market will open Duffey said, “probably beforre other industries do.” Nursing as a career fiele is stabilizing as people return to the professionh and others remain in their jobs longer. The Greaterd Cincinnati Health Council offers a refresherf course forreturning nurses. Many entering the field are in thei 40s and 50s and want a moresecure job.
The market shoulr open up once the economty turns around and oldernurses
Wednesday, December 12, 2012
Conference focuses on logistics in Florida - Jacksonville Business Journal:
ogarawo.wordpress.com
About 600 people are expected to attend the Associatiojn for Corporate Growth conference that highlights opportunitiez inthe area’s growing logistice industry. One of the Kris Pedersen, vice president of , said the real estate developer is interested in Jaxport becausw it has been lookinyg fora “different avenue” to diversifyu its business. Lenders as a whold have tightened downon lending, which has slowef developers on the residential and commercial real estate side, he said. Alliance is looking at the export industry becausew it has the potentiaklfor growth. More Pedersen said Alliance is interestedin after-market car exports and some military business.
With the valur of the dollar being lowuntip recently, “all of the other countriex could be looking for us to purchasre the aftermarket” autos, he The conference at • As the morning speaker, retired Lt. Gen. Gus Pagonias will talk about leadershipunder fire. He will also speaj about the “tailored” supply chain. • David Morgan Stanley’s chief investment strategist ofits , will give an investingv outlook for 2009.
• Lisa Mancini, ’as senior vice president of human resources andlabor relations, will give an update on the railway’ss $724 million public-private infrastructure initiative to creatde an efficient link between Mid-Atlantic ports and the • Bill Byrne, a Holland & Knighrt partner, will host a paneol on supply chains. Check jacksonvillebusinessjournal.com tomorrow for updates on the
About 600 people are expected to attend the Associatiojn for Corporate Growth conference that highlights opportunitiez inthe area’s growing logistice industry. One of the Kris Pedersen, vice president of , said the real estate developer is interested in Jaxport becausw it has been lookinyg fora “different avenue” to diversifyu its business. Lenders as a whold have tightened downon lending, which has slowef developers on the residential and commercial real estate side, he said. Alliance is looking at the export industry becausew it has the potentiaklfor growth. More Pedersen said Alliance is interestedin after-market car exports and some military business.
With the valur of the dollar being lowuntip recently, “all of the other countriex could be looking for us to purchasre the aftermarket” autos, he The conference at • As the morning speaker, retired Lt. Gen. Gus Pagonias will talk about leadershipunder fire. He will also speaj about the “tailored” supply chain. • David Morgan Stanley’s chief investment strategist ofits , will give an investingv outlook for 2009.
• Lisa Mancini, ’as senior vice president of human resources andlabor relations, will give an update on the railway’ss $724 million public-private infrastructure initiative to creatde an efficient link between Mid-Atlantic ports and the • Bill Byrne, a Holland & Knighrt partner, will host a paneol on supply chains. Check jacksonvillebusinessjournal.com tomorrow for updates on the
Monday, December 10, 2012
The Winning Game Plan: Minimize Sanchez - Wall Street Journal
bakakinkorypon.blogspot.com
The Winning Game Plan: Minimize Sanchez Wall Street Journal In winning their last two games, the Jets have been able to get away with such modest offensive production because of the inferiority of their opponents (the Cardinals are 4-9) and because their defense has performed so well. Those factors also allowed ... |
Saturday, December 8, 2012
RBC Bank names Wachovia vet Marty McAndrew market executive - South Florida Business Journal:
a-ee85aqa.blogspot.com
In the new position, McAndrew will oversese RBC Bank’s business, commercial and retail/privatse banking efforts in Hillsborough, Pinellas, Sarasota and Manatese counties. As senior vice presidenty and community sales team managerfor Wachovia, McAndrew oversaww commercial banking operations in nine communitg banking markets across Florida. During his 10-yeae career with Wachovia, he also workec in Tampa Bay’s business banking group as a senior producing team leader and as arelationshio manager. He will live in Tampa, a releasre said. McAndrew will report to Gary RBC Bank’s Florida president.
, having servesd as regional president for Wachovia in Palm Beach County prior to taking on the RBC positionin 2007. RBC a wholly owned subsidiaru of Royal Bank ofCanada (NYSE: RY), is headquarterex in Raleigh, N.C. With 430 full-servicer banking offices in six states, RBC had $31.3 billion in assets on Dec. 31. RBC had17 offices and $484 millio in deposits in the Tampa Bay area onJune 30, accordint to the most recent information available from the
In the new position, McAndrew will oversese RBC Bank’s business, commercial and retail/privatse banking efforts in Hillsborough, Pinellas, Sarasota and Manatese counties. As senior vice presidenty and community sales team managerfor Wachovia, McAndrew oversaww commercial banking operations in nine communitg banking markets across Florida. During his 10-yeae career with Wachovia, he also workec in Tampa Bay’s business banking group as a senior producing team leader and as arelationshio manager. He will live in Tampa, a releasre said. McAndrew will report to Gary RBC Bank’s Florida president.
, having servesd as regional president for Wachovia in Palm Beach County prior to taking on the RBC positionin 2007. RBC a wholly owned subsidiaru of Royal Bank ofCanada (NYSE: RY), is headquarterex in Raleigh, N.C. With 430 full-servicer banking offices in six states, RBC had $31.3 billion in assets on Dec. 31. RBC had17 offices and $484 millio in deposits in the Tampa Bay area onJune 30, accordint to the most recent information available from the
Thursday, December 6, 2012
Palestinians win implicit UN recognition of sovereign state - CNBC.com
sucujovide.wordpress.com
Globe and Mail | Palestinians win implicit UN recognition of sovereign state CNBC.com Palestinians win implicit U.N. recognition of sovereign state. Published: Thursday, 29 Nov 2012 | 7:24 PM ET. Text Size. UNITED NATIONS (Reuters) - The 193-nation U.N. General Assembly on Thursday overwhelmingly approved the de facto recognition of ... Israel to build thousands of new homes in occupied West Bank The UN Is About To Hold A Key Vote On Palestine Jamaica did the right thing by the Palestinians |
Tuesday, December 4, 2012
Economy won
ogarawo.wordpress.com
Retail observers say Louis Vuitton, Tiffanyy & Co. and Neiman Marcues will open additional stores, even if it is with their smaller like Tiffany Collectionand Cusp, Neiman boutique store. Retailers Michael Kors, , Juicy Couture and Tumi will openadditionalp stores. Designer boutiques will also ente r theAtlanta market, including Prada, Chanel, Chloe and Vera Some of the designer retailers may test the Atlantas market with their lower-end concepts, said Marc Weinberg, operatint partner at retail real estatde brokerage LLC.
may enter the markey with its D&G store, and Cavallij may enter with its JustCavallik store, said Barbara Babbit Kaufman, a locall retail consultant and forme r owner of the Chapter 11 Bookstorw chain. “Atlanta may be a slightlyu different customer thanNew York,” Kaufman said, but the wealth is here. “Ifd you cater to what she the woman has the money to Kaufman said. “You give the customeer what they want, they will buy.” “The economyh may get worse, but that will not changre what will happen toAtlanta [retail] in the next five said Nick Egelanian, president of SiteWorks in Annapolis, Md., a divisiomn of The Shopping Center Group.
Luxurh retailers are still tryinvg to catch upto Atlanta’s especially its growth in wealth. “This city reminds me of a cross between Dallas andLos Angeles,” he said. “Thise is very much a new-wealth city and new wealty likes to showit off.” Luxuru retailers often consider expandingf after looking at sales of their brands in departmeng stores like Saks Fifth Avenue and Neiman Currently, luxury retailers call Phippd Plaza and Lenox Square home.
New luxur y retailers’ expansion will happen as Ben Carter’w Streets of Buckhead, Stan Thomas’ Prospect Park in and the proposed luxury retaio developmentby (NYSE: TCO) in Cumming take shape, Egelanian Sometimes luxury retailers need a catalyst to focuds attention on a market, he said. “Thess projects are probably five to 10 years behindx when they could havebeen here,” Egelaniam said. That’s not to say getting all this new luxurg retail into Atlanta will be Carter has already pushed back the openin of his project from summer 2009 to spring 2010 and coule push it back again if the economygremains weak. Carter, founder and chairma of Inc.
, noted that Streets of Buckhead is the third project he has built in the middle ofa “We’ve seen this movie before,” he Carter is hopeful a federal economic stimulus packag e will allow consumer spendingv to start recovering by summe 2009. Spending has to recover so retailerscan recover, he
Retail observers say Louis Vuitton, Tiffanyy & Co. and Neiman Marcues will open additional stores, even if it is with their smaller like Tiffany Collectionand Cusp, Neiman boutique store. Retailers Michael Kors, , Juicy Couture and Tumi will openadditionalp stores. Designer boutiques will also ente r theAtlanta market, including Prada, Chanel, Chloe and Vera Some of the designer retailers may test the Atlantas market with their lower-end concepts, said Marc Weinberg, operatint partner at retail real estatde brokerage LLC.
may enter the markey with its D&G store, and Cavallij may enter with its JustCavallik store, said Barbara Babbit Kaufman, a locall retail consultant and forme r owner of the Chapter 11 Bookstorw chain. “Atlanta may be a slightlyu different customer thanNew York,” Kaufman said, but the wealth is here. “Ifd you cater to what she the woman has the money to Kaufman said. “You give the customeer what they want, they will buy.” “The economyh may get worse, but that will not changre what will happen toAtlanta [retail] in the next five said Nick Egelanian, president of SiteWorks in Annapolis, Md., a divisiomn of The Shopping Center Group.
Luxurh retailers are still tryinvg to catch upto Atlanta’s especially its growth in wealth. “This city reminds me of a cross between Dallas andLos Angeles,” he said. “Thise is very much a new-wealth city and new wealty likes to showit off.” Luxuru retailers often consider expandingf after looking at sales of their brands in departmeng stores like Saks Fifth Avenue and Neiman Currently, luxury retailers call Phippd Plaza and Lenox Square home.
New luxur y retailers’ expansion will happen as Ben Carter’w Streets of Buckhead, Stan Thomas’ Prospect Park in and the proposed luxury retaio developmentby (NYSE: TCO) in Cumming take shape, Egelanian Sometimes luxury retailers need a catalyst to focuds attention on a market, he said. “Thess projects are probably five to 10 years behindx when they could havebeen here,” Egelaniam said. That’s not to say getting all this new luxurg retail into Atlanta will be Carter has already pushed back the openin of his project from summer 2009 to spring 2010 and coule push it back again if the economygremains weak. Carter, founder and chairma of Inc.
, noted that Streets of Buckhead is the third project he has built in the middle ofa “We’ve seen this movie before,” he Carter is hopeful a federal economic stimulus packag e will allow consumer spendingv to start recovering by summe 2009. Spending has to recover so retailerscan recover, he
Sunday, December 2, 2012
Kung Fu to kick it at Red Square - Albany Times Union
oryucyjofec1482.blogspot.com
Kung Fu to kick it at Red Square Albany Times Union Calling their music nu-sion, funk fusion masters Kung Fu have an old school (Frank Zappa, Mahavishnu Orchestra, Weather Report) sensibility about them, and the chops to make it work. The band features Chris De Angelis (bass), Tim Palmieri (guitar ... |
Friday, November 30, 2012
Photos of Accuser on Stand Disrupt Sexual Abuse Trial - New York Times
erofeyporgrinin.blogspot.com
New York Times | Photos of Accuser on Stand Disrupt Sexual Abuse Trial New York Times The trial of an ultra-Orthodox Jewish counselor accused of repeatedly molesting a girl was disrupted on Thursday afternoon when four spectators in a Brooklyn courtroom were accused of taking pictures with their cellphones of the accuser on the witness ... |
Thursday, November 29, 2012
SharePoint Solutions Creates Software to Integrate Microsoft SharePoint With salesforce.com
sucujovide.wordpress.com
May 27 /PRNewswire/ -- SharePoinrt Solutions, a national leader in Microsoftt SharePoint products andtechnologies training, consulting and add-on software, announcex today it has created a producrt that integrates two of the most successful software innovationsa of the post-dotcom era: Microsoft SharePoint and The product is availablw as extensions to the SharePoint Data Zoom Web a free tool that allows SharePoint userse to easily build dynamic, data-driven content on any page. Data from SharePoint Sites, SharePointr Lists and virtually any other source can be aggregated and formattedcwith ease. "SharePoint and salesforce.
com are the two biggest business software successes of the pastfive years, said , president of SharePoint Solutions. "Both have growbn to be billion-dollar businesses, and we think there are many enterprises in the world that use both becausw eachis best-of-breed in its respectivs application." According to Microsoft represents the traditional softwarse company in which users purchas e licenses for software that is installed on computers. Salesforce.coj represents the new breed of software companies that providez software via the Internet on asubscription basis, which is known as the Software as a Service (SaaS) model.
"From the customer's Microsoft's SharePoint is the best portal and team collaboratiobnsoftware available, and salesforce.com makes the best Customert Relationship Management (CRM) and Sales Forc Automation software," Cate said. "However, untikl now, there hasn't been an easy way to integrat them." Armed with the SharePoiny Data Zoom Web Part and the extensionsfor salesforce.com saless objects, users will be able to pull into SharePoinrt all salesforce.com data from opportunities, contacts, accounts and users.
They also will be able to desighn sophisticated reporting and inquiry solutions that will increase CRM data visibilityu to those who can accesdan enterprise's portal, but don't have a salesforce.com The SharePoint Data Zoom extensions for salesforce.com cost $4,996 per web front-end server. For more information or to orderthe salesforce.com visit: . Based in Tenn., SharePoint Solutions has been a nationwide leaderin expert-lecd public classes on SharePoint producte and technologies. The company's software division professionallydevelopas high-quality commercial add-ons for SharePoint, including the award-winning Extrane Collaboration Manager for SharePoint 2007.
For more informatiohn about SharePoint Solutions, visit .
May 27 /PRNewswire/ -- SharePoinrt Solutions, a national leader in Microsoftt SharePoint products andtechnologies training, consulting and add-on software, announcex today it has created a producrt that integrates two of the most successful software innovationsa of the post-dotcom era: Microsoft SharePoint and The product is availablw as extensions to the SharePoint Data Zoom Web a free tool that allows SharePoint userse to easily build dynamic, data-driven content on any page. Data from SharePoint Sites, SharePointr Lists and virtually any other source can be aggregated and formattedcwith ease. "SharePoint and salesforce.
com are the two biggest business software successes of the pastfive years, said , president of SharePoint Solutions. "Both have growbn to be billion-dollar businesses, and we think there are many enterprises in the world that use both becausw eachis best-of-breed in its respectivs application." According to Microsoft represents the traditional softwarse company in which users purchas e licenses for software that is installed on computers. Salesforce.coj represents the new breed of software companies that providez software via the Internet on asubscription basis, which is known as the Software as a Service (SaaS) model.
"From the customer's Microsoft's SharePoint is the best portal and team collaboratiobnsoftware available, and salesforce.com makes the best Customert Relationship Management (CRM) and Sales Forc Automation software," Cate said. "However, untikl now, there hasn't been an easy way to integrat them." Armed with the SharePoiny Data Zoom Web Part and the extensionsfor salesforce.com saless objects, users will be able to pull into SharePoinrt all salesforce.com data from opportunities, contacts, accounts and users.
They also will be able to desighn sophisticated reporting and inquiry solutions that will increase CRM data visibilityu to those who can accesdan enterprise's portal, but don't have a salesforce.com The SharePoint Data Zoom extensions for salesforce.com cost $4,996 per web front-end server. For more information or to orderthe salesforce.com visit: . Based in Tenn., SharePoint Solutions has been a nationwide leaderin expert-lecd public classes on SharePoint producte and technologies. The company's software division professionallydevelopas high-quality commercial add-ons for SharePoint, including the award-winning Extrane Collaboration Manager for SharePoint 2007.
For more informatiohn about SharePoint Solutions, visit .
Tuesday, November 27, 2012
Orlando visitor traffic up in 2008 - Orlando Business Journal:
zvonkovaleoqim.blogspot.com
percent from 2007 to 2008, with 48.9 millionn people visiting the region, according to the The bureauy arrived at the estimate using data from travelk research firm andthe U.S. Commerce The bureau said the tota l was the secondto 2005, when 49.3 million peopl e visited the area. visitor traffic is expected to be down significantly this based on falling resorty tax collections and numbers of the pastfive months. Oranges County reported June 2 that resort tax collections were down 16 percent in April and revenue per availablew room during the same period wasdown 17.3 percent, accordinv to Smith Travel. The increase in 2008 was drivejn byan 18.9 percent rise in internationakl visitors.
According to the bureau, which used its own data and surveyu information from theCommerce Department, 3.37 milliojn foreign tourists came to the Orlando area during the Travel from Canada rose 20.1 percent to 940,0009 persons. About 959,000 travelerw came from the United Kingdom, the largest sourcew of overseas traffic, a 3.1 percent decreas from 2007. Domestic visitation, which accounts for 78 percent ofthe region’ws tourist traffic, fell 0.1 perceng during the year, from 45.9 million in 2007 to 45.5 milliohn in 2008.
percent from 2007 to 2008, with 48.9 millionn people visiting the region, according to the The bureauy arrived at the estimate using data from travelk research firm andthe U.S. Commerce The bureau said the tota l was the secondto 2005, when 49.3 million peopl e visited the area. visitor traffic is expected to be down significantly this based on falling resorty tax collections and numbers of the pastfive months. Oranges County reported June 2 that resort tax collections were down 16 percent in April and revenue per availablew room during the same period wasdown 17.3 percent, accordinv to Smith Travel. The increase in 2008 was drivejn byan 18.9 percent rise in internationakl visitors.
According to the bureau, which used its own data and surveyu information from theCommerce Department, 3.37 milliojn foreign tourists came to the Orlando area during the Travel from Canada rose 20.1 percent to 940,0009 persons. About 959,000 travelerw came from the United Kingdom, the largest sourcew of overseas traffic, a 3.1 percent decreas from 2007. Domestic visitation, which accounts for 78 percent ofthe region’ws tourist traffic, fell 0.1 perceng during the year, from 45.9 million in 2007 to 45.5 milliohn in 2008.
Sunday, November 25, 2012
Metro plans to build new bus facility - Washington Business Journal:
exceeding-commissioner.blogspot.com
The facility will house 114 Metrlo buses, but if the land is fully developed, up to 250 buses will be able to live The newbus facility, expected to be readyt as early as 2012, will be built at a site knowm as D.C. Village. Metro want the facility to meet environmentaol standards that would enable it to receivde a Silver rating underthe U.S. Greej Building Council’s program for Leadership in Energy andEnvironmental Design. The new facilitu will replace the Southeasternbus garage, which was sold for $69.245 million and vacated last year becausew of its closeness to Nationals Park. The land at D.C. Village, situate d at Shepherd Parkway and BluePlains Drive, was appraisede at $8.
05 million. The sale's $6.45 million pricwe tag represents the appraisal value minus the additionapl operating costsof $1.6 million incurred by Metro for movingy the buses. Buses that had been runningt out of the Southeastern bus garage have been dispersedf to other garages in the region at an additional operating cost. Until the new facilitty is completed, the additional operating costs for the buses will be fundefdfrom Metro’s operating reserve which was created from the proceeds of the Southeastern bus garage sale. The finaol sale of property must first be approved bythe D.C.
which will consider it at a June2
The facility will house 114 Metrlo buses, but if the land is fully developed, up to 250 buses will be able to live The newbus facility, expected to be readyt as early as 2012, will be built at a site knowm as D.C. Village. Metro want the facility to meet environmentaol standards that would enable it to receivde a Silver rating underthe U.S. Greej Building Council’s program for Leadership in Energy andEnvironmental Design. The new facilitu will replace the Southeasternbus garage, which was sold for $69.245 million and vacated last year becausew of its closeness to Nationals Park. The land at D.C. Village, situate d at Shepherd Parkway and BluePlains Drive, was appraisede at $8.
05 million. The sale's $6.45 million pricwe tag represents the appraisal value minus the additionapl operating costsof $1.6 million incurred by Metro for movingy the buses. Buses that had been runningt out of the Southeastern bus garage have been dispersedf to other garages in the region at an additional operating cost. Until the new facilitty is completed, the additional operating costs for the buses will be fundefdfrom Metro’s operating reserve which was created from the proceeds of the Southeastern bus garage sale. The finaol sale of property must first be approved bythe D.C.
which will consider it at a June2
Friday, November 23, 2012
Associated may post 2Q net loss - San Francisco Business Times:
ogarawo.wordpress.com
Charge-offs totaled $104 million at the end of the firstr quarter, according to Associated’s filing with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offes are expected to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondauy afternoon. The figure was $56.9 millionh as of the end of the firsf quarter onMarch 31. The bank’sx management said weakness in the economyy has resultedin asset-quality downgrades to Associated’s construction, commercial real estate and commercial and industrial “We believe loan loss provisionse and charge-offs will remain elevated due to the continued deterioration in the real estat e sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asset deterioratio to moderate in future quarters.
” Associatedd executives said that, after takinbg into consideration the increasecd loan-loss provision, the company’s capital levels will still excees well-capitalized standards as of June 30. Associated said its boarsd has formed a risk and credit committee to supplement risk management oversighft performed by the company andthe company'sz audit committee. The board has appointed to the new committedeJohn Seramur, Eileen Kamerick and Richard Lommen. The company will release second-quarter results on July 16. Associated stocki closed at $13.37 on Monday.
Charge-offs totaled $104 million at the end of the firstr quarter, according to Associated’s filing with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offes are expected to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondauy afternoon. The figure was $56.9 millionh as of the end of the firsf quarter onMarch 31. The bank’sx management said weakness in the economyy has resultedin asset-quality downgrades to Associated’s construction, commercial real estate and commercial and industrial “We believe loan loss provisionse and charge-offs will remain elevated due to the continued deterioration in the real estat e sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asset deterioratio to moderate in future quarters.
” Associatedd executives said that, after takinbg into consideration the increasecd loan-loss provision, the company’s capital levels will still excees well-capitalized standards as of June 30. Associated said its boarsd has formed a risk and credit committee to supplement risk management oversighft performed by the company andthe company'sz audit committee. The board has appointed to the new committedeJohn Seramur, Eileen Kamerick and Richard Lommen. The company will release second-quarter results on July 16. Associated stocki closed at $13.37 on Monday.
Thursday, November 22, 2012
Nouri brothers ask court to make Smart Online pay for their legal fees - South Florida Business Journal:
ogarawo.wordpress.com
In a U.S. Securities & Exchange Commission filingf June 4, the company estimates those fees at morethan $826,798 and adds that it “intendse to vigorously contest the complaint … The Nouris, along with stock brokere Ruben Serrano, Anthony James Doolan and Alain were in New York in 2007 and chargee with conspiracy to commit fraud and securities frauf in connection with an allegec scheme to inflate the pricre of Smart Online shares. Serranol and Lustig pleaded guilty to the charges in a Manhattanh federal court May 22 and will be sentencesin August. Doolan pleaded guilty in Februarg 2008 and was sentenced in October 2008 to threeyear probation, according to the U.S.
Attorney's Office for the Southern Districr ofNew York, which is prosecuting the The Nouri brothers and Martinb are scheduled to go on trial lated this month. The SEC also filer a civil action inthe case. The Nouris’ complaint againsrt their former company, filed in the Delaware Court of Chancery, not only seek recompense for outstandingfees – the $826,798 figurde – but also “future expenses that will be incurrexd by the Nouris in defending the actionsx against them.” Smart Online officials say the firm’s insurance carrier has previously paid $1.
3 milliobn for the benefit of the Nouris “in these and that “such insurance coveragwe has been exhausted.” The latest dust-up at Smart Onlines follows on the heels of the of a company board member and two top executivesd in protest over the board’s decision to replace Smary Online’s longtime securities Smith Anderson.
In a U.S. Securities & Exchange Commission filingf June 4, the company estimates those fees at morethan $826,798 and adds that it “intendse to vigorously contest the complaint … The Nouris, along with stock brokere Ruben Serrano, Anthony James Doolan and Alain were in New York in 2007 and chargee with conspiracy to commit fraud and securities frauf in connection with an allegec scheme to inflate the pricre of Smart Online shares. Serranol and Lustig pleaded guilty to the charges in a Manhattanh federal court May 22 and will be sentencesin August. Doolan pleaded guilty in Februarg 2008 and was sentenced in October 2008 to threeyear probation, according to the U.S.
Attorney's Office for the Southern Districr ofNew York, which is prosecuting the The Nouri brothers and Martinb are scheduled to go on trial lated this month. The SEC also filer a civil action inthe case. The Nouris’ complaint againsrt their former company, filed in the Delaware Court of Chancery, not only seek recompense for outstandingfees – the $826,798 figurde – but also “future expenses that will be incurrexd by the Nouris in defending the actionsx against them.” Smart Online officials say the firm’s insurance carrier has previously paid $1.
3 milliobn for the benefit of the Nouris “in these and that “such insurance coveragwe has been exhausted.” The latest dust-up at Smart Onlines follows on the heels of the of a company board member and two top executivesd in protest over the board’s decision to replace Smary Online’s longtime securities Smith Anderson.
Tuesday, November 20, 2012
College Park reacts to Maryland's sudden move to the Big Ten - Washington Post
coras-newport.blogspot.com
College Park reacts to Maryland's sudden move to the Big Ten Washington Post In the News. College Park reacts to Maryland's sudden move to the Big Ten. College Park reacts to Maryland's sudden move to the Big Ten. Personal Post · Email · Tumblr · Reddit · Stumbleupon · Digg · Delicious. Nov. 20, 2012. Students are shocked after ... |
Monday, November 19, 2012
UD secy to lose car, AC, phone after court order - Hindustan Times
ovaluleq.wordpress.com
UD secy to lose car, AC, phone after court order Hindustan Times The order seeks to divest the secretary, Sudhir Krishna, of his official car, AC, computer and. telephone. The case relates to alleged encroachment of 300-square-yard land belonging to Harbans Sood and Heera Sood in north Delhi's Dhakka village by ... |
Friday, November 16, 2012
Mora wants players' emotions in check - ESPN (blog)
esivyjifag.wordpress.com
ESPN (blog) | Mora wants players' emotions in check ESPN (blog) "I want them to be able to capture that emotion, contain that emotion and control that emotion and use it to our benefit," Mora said. "I don't want them to peak emotion » |
Thursday, November 15, 2012
Bay Area schools rank high in life science commercialization - Silicon Valley / San Jose Business Journal:
belyaevostapuki.blogspot.com
The universities, which are credited with givintg rise to the biotecjh industry in the 1970s through the work of theitrpioneering scientists, cracked the top five on the quality and quantity of their U.S. biotech patentse out of total of424 institutions, with UCSF snatchingb the number two spot and Stanforde sliding into fourth, according to the Milken Institute'w Mind to Market: A Global Analysis of University Biotechnologu Transfer and Commercialization study published this In addition, UCSF was ranked fourth in the world on the strength of its biotech as measured by publications and citations, out of 683 peers.
Stanfordd landed in the same spot for its ability to commercializre discoveries, as measured in part by licensinfg income and startups, out of 135 schools in the U.S. and The Palo Alto powerhouss was outranked only by the Massachusetts Institute of the University of California system and the California Institute of Technology in itscommercialization prowess, whilde ahead of it in U.S. biotech patents was the Universityt of Texas inthe No. 1 followed by UCSF and Johns Hopkinss University.
Stanford, however, was outshone by 11 othersd on the quality and quantith of its biotech publications withHarvard University, the University of Tokyi and the University of London taking the top threed honors, while UCSF landed in 19th place on its abilityu to commercialize inventions. (UC Berkeley, by the way, rankex 25th in publications, 29th in commercializatiom and 7thin patents.) Those finishes are impressiv e nevertheless, notes Perry Wong, one of the study's who says a university's ability to take researc h from lab to shelfv is a multifactorial equation that includes the quality of basic how aggressive scientists are about publishing theifr work, and how actively they and their licensin g offices try to sell it to industry.
UCSF and Stanfordr are well known for their ability to lure highcalibere scientists. UCSF scientist Herbert Boyer's groundbreaking researchy in recombinant DNA led him to launcuthe world's first biotech company , for while Stanford scientists Stanley Cohen and Paul along with Mr. Boyer, developexd many of the genetic engineering tools used todat bythe industry. The vaunted universities also have healthygresearch budgets, another key to successful commercialization, says Mr. Wong, a senior managing economist at While the study found that the average research expenditurby U.S.
universities was $225 million, UCSF'zs biomedical research budget dwarfs that by a country mile at awhopping $766 million for fiscal year 2004-200r while Stanford's medical school alone pulled in $326 million in researcuh funds in 2004. Also boosting their Mr. Wong says, is UCSF's and Stanford's proximity to the biotech andfinance industries. Both sit in the hearty of the world's largest biotech cluster and venturecapital "The proximity factor is critical in that it alloww faculty to work closely with industry and have access to experts," says Mr. Wong. Having a well-staffedr and effective technologytransfer office, can't be underestimated, Mr.
Wong adds. Researchers were surpriseed at how importantthis is, he says. The authorsx found, for instance, that for everh dollar invested inan office's the university receives more than $6 in licensing income while for each additional year a tech officd is in operation comes $228,000 of incremental licensinbg income. Most institutions have between 6 and 12 staff membersd in their technologytransfer offices, he and most came into being after the passags of the Bayh-Dole Act of which granted universities the right to own, license and markert their research. By contrast, Stanford has had its Officd of Technology Licensing since 1970 and boastsx a staffof 30.
It's annualp budget is about $4 million and in fiscal year it received 430licensing disclosures, generated income from 428 license and pulled in gross royalties of $384 UCSF's Office of Technology Management has a staff of 12, a $1.1 milliomn budget and officially formed in 1996 after the UC system decentralize its technology transfer operation.
The universities, which are credited with givintg rise to the biotecjh industry in the 1970s through the work of theitrpioneering scientists, cracked the top five on the quality and quantity of their U.S. biotech patentse out of total of424 institutions, with UCSF snatchingb the number two spot and Stanforde sliding into fourth, according to the Milken Institute'w Mind to Market: A Global Analysis of University Biotechnologu Transfer and Commercialization study published this In addition, UCSF was ranked fourth in the world on the strength of its biotech as measured by publications and citations, out of 683 peers.
Stanfordd landed in the same spot for its ability to commercializre discoveries, as measured in part by licensinfg income and startups, out of 135 schools in the U.S. and The Palo Alto powerhouss was outranked only by the Massachusetts Institute of the University of California system and the California Institute of Technology in itscommercialization prowess, whilde ahead of it in U.S. biotech patents was the Universityt of Texas inthe No. 1 followed by UCSF and Johns Hopkinss University.
Stanford, however, was outshone by 11 othersd on the quality and quantith of its biotech publications withHarvard University, the University of Tokyi and the University of London taking the top threed honors, while UCSF landed in 19th place on its abilityu to commercialize inventions. (UC Berkeley, by the way, rankex 25th in publications, 29th in commercializatiom and 7thin patents.) Those finishes are impressiv e nevertheless, notes Perry Wong, one of the study's who says a university's ability to take researc h from lab to shelfv is a multifactorial equation that includes the quality of basic how aggressive scientists are about publishing theifr work, and how actively they and their licensin g offices try to sell it to industry.
UCSF and Stanfordr are well known for their ability to lure highcalibere scientists. UCSF scientist Herbert Boyer's groundbreaking researchy in recombinant DNA led him to launcuthe world's first biotech company , for while Stanford scientists Stanley Cohen and Paul along with Mr. Boyer, developexd many of the genetic engineering tools used todat bythe industry. The vaunted universities also have healthygresearch budgets, another key to successful commercialization, says Mr. Wong, a senior managing economist at While the study found that the average research expenditurby U.S.
universities was $225 million, UCSF'zs biomedical research budget dwarfs that by a country mile at awhopping $766 million for fiscal year 2004-200r while Stanford's medical school alone pulled in $326 million in researcuh funds in 2004. Also boosting their Mr. Wong says, is UCSF's and Stanford's proximity to the biotech andfinance industries. Both sit in the hearty of the world's largest biotech cluster and venturecapital "The proximity factor is critical in that it alloww faculty to work closely with industry and have access to experts," says Mr. Wong. Having a well-staffedr and effective technologytransfer office, can't be underestimated, Mr.
Wong adds. Researchers were surpriseed at how importantthis is, he says. The authorsx found, for instance, that for everh dollar invested inan office's the university receives more than $6 in licensing income while for each additional year a tech officd is in operation comes $228,000 of incremental licensinbg income. Most institutions have between 6 and 12 staff membersd in their technologytransfer offices, he and most came into being after the passags of the Bayh-Dole Act of which granted universities the right to own, license and markert their research. By contrast, Stanford has had its Officd of Technology Licensing since 1970 and boastsx a staffof 30.
It's annualp budget is about $4 million and in fiscal year it received 430licensing disclosures, generated income from 428 license and pulled in gross royalties of $384 UCSF's Office of Technology Management has a staff of 12, a $1.1 milliomn budget and officially formed in 1996 after the UC system decentralize its technology transfer operation.
Wednesday, November 14, 2012
High-rise project in line with 'new' Tysons Corner - Washington Business Journal:
deeshu-tatum.blogspot.com
D.C.-based and are pitchinbg a three-building complex that woulds includeabout 90,000 square feet of retai l and restaurant space. The property is zoned for commercial space, but Quadrangle and AEW want to mix up the uses at the which is next to threer existing office buildings and a fourty office project under construction. For the past two a task force has studied whatthe "new Tysons" shoulcd look like, in light of the plannef $4 billion Metrorail extension that would bring four stationa to Tysons Corner.
Quadrangle and AEW'ss plan, however, is being pursuedc through the currentcomprehensive plan, which allows for conversions to residential uses, said Elizabeth Baker, land-use coordinato for Arlington-based , which is representin g Quadrangle and AEW on the "It does fit in with the new plan for Baker said, "but the county has been encouraging more housingg for Tysons for a If the Quadrangle/AEW partnership can get the rezoninbg approved at an Oct. 15 meeting of the Fairfax Counth Boardof Supervisors, the site-plan reviee would probably take a year, Baker said. Work on the site coulf get started in the fallof 2008. The projec t would be built inthree phases.
The plan callzs for 18-story, 17-story and 16-story buildingas with ground-floor retail and restauran t space. The units could be apartments or depending on market conditionss at the time of Baker said. Quadrangle and AEW are planning for a minimum of 750 unit s at the site and a maximum of 919 The partnership recently started work on aneighboring 293,000-square-foort office building slated to be completeds in the spring of 2009.
Tysons' future look hingez greatly on the succesws of theMetrorail project, but the Quadrangle/AEW proposal is a good indicatore of the area's viability without the rail said Bill Lecos, a membe of the Tysons Land Use Task The 36-member task force has been meeting since March 2005 to studuy future development in Tysons and is expectesd to have a formal proposal for the county board in Januaryu 2008. "If the Metro projecrt were to crater, God forbid, I don't thinm developers would sit onthe sidelines," Lecos "They would move forward according to the new plan that's beinb put together.
" The task forcw is looking at two density scenarios for the new Lecos said. One proposal would bringf the area's development to 120 millionb square feet, and the other woulr expand it to 83 million square Tysons currently has about 43 million squarew feetof development. Lecos said that the task after severalcommunity forums, is guiding its decisions on four to maintain Tysons' borders and not infringew on neighborhoods nearby; to keep the most intenswe new development at the Metrl stations; to establish a set of "desirables, or like parks and public spaces; and to improves transportation within Tysons by realigning streetws and perhaps establishing a circulator bus route.
"Oncee all that is you can reach thatultimate number," Lecoa said.
D.C.-based and are pitchinbg a three-building complex that woulds includeabout 90,000 square feet of retai l and restaurant space. The property is zoned for commercial space, but Quadrangle and AEW want to mix up the uses at the which is next to threer existing office buildings and a fourty office project under construction. For the past two a task force has studied whatthe "new Tysons" shoulcd look like, in light of the plannef $4 billion Metrorail extension that would bring four stationa to Tysons Corner.
Quadrangle and AEW'ss plan, however, is being pursuedc through the currentcomprehensive plan, which allows for conversions to residential uses, said Elizabeth Baker, land-use coordinato for Arlington-based , which is representin g Quadrangle and AEW on the "It does fit in with the new plan for Baker said, "but the county has been encouraging more housingg for Tysons for a If the Quadrangle/AEW partnership can get the rezoninbg approved at an Oct. 15 meeting of the Fairfax Counth Boardof Supervisors, the site-plan reviee would probably take a year, Baker said. Work on the site coulf get started in the fallof 2008. The projec t would be built inthree phases.
The plan callzs for 18-story, 17-story and 16-story buildingas with ground-floor retail and restauran t space. The units could be apartments or depending on market conditionss at the time of Baker said. Quadrangle and AEW are planning for a minimum of 750 unit s at the site and a maximum of 919 The partnership recently started work on aneighboring 293,000-square-foort office building slated to be completeds in the spring of 2009.
Tysons' future look hingez greatly on the succesws of theMetrorail project, but the Quadrangle/AEW proposal is a good indicatore of the area's viability without the rail said Bill Lecos, a membe of the Tysons Land Use Task The 36-member task force has been meeting since March 2005 to studuy future development in Tysons and is expectesd to have a formal proposal for the county board in Januaryu 2008. "If the Metro projecrt were to crater, God forbid, I don't thinm developers would sit onthe sidelines," Lecos "They would move forward according to the new plan that's beinb put together.
" The task forcw is looking at two density scenarios for the new Lecos said. One proposal would bringf the area's development to 120 millionb square feet, and the other woulr expand it to 83 million square Tysons currently has about 43 million squarew feetof development. Lecos said that the task after severalcommunity forums, is guiding its decisions on four to maintain Tysons' borders and not infringew on neighborhoods nearby; to keep the most intenswe new development at the Metrl stations; to establish a set of "desirables, or like parks and public spaces; and to improves transportation within Tysons by realigning streetws and perhaps establishing a circulator bus route.
"Oncee all that is you can reach thatultimate number," Lecoa said.
Monday, November 12, 2012
AT&T unit wins case over claims coverage - Dallas Business Journal:
coras-newport.blogspot.com
At issue in the case involvingt was whether an insurer was obligateds to cover a claim by Prodigy even thougb Prodigy failed to give notice to theinsurer “as soon as practicible,” as was required by the Prodigy is an Internet services provider through a series of acquisitions, became AT&fT Internet Services some years ago. In part becauss the insurance company wasn’gt harmed by the delay, the coury ruled that the insurer — Agricultural Excesws & Surplus Insurance Co., now known as Greatt American E & S Insurance Co. and — had to coverf the claim.
“Unfortunately, we had lost in the trial courtt and inthe (Fifth District) Cour of Appeals,” says Werner a litigation partner in Dallas at Haynesx and Boone who represented Prodigy. “It took the Texas Suprem e Court to getit right.” Powers worked on the case with Charlezs C. Keeble Jr., of counsep at Haynes and Boone. “Th e Supreme Court of Texas decided to create new saysJoe Borders, a partner in the Chicago office of Walketr Wilcox Matousek LLP, who represented the insurancse company.
The case is significant for businesseds of all sizes because the polic y at the center of the casewas what’s knowb as “claims made,” meaning claims receive coverage only if they are broughgt to the insurer’s attention during the time when the policy is in effect (or in a set period after the policyg expires). Certain types of insurancee policies thatbusinesses buy, including directores and officers, and errors and omissions tend to be claims-made policies. In a decision last year in a case callecdPAJ Inc. vs.
, the state Supremee Court ruled that insurers must provide coveragrin “occurrence-based” policies when the insured givee late notice of a claim, as long as the insurerr was not harmed by the delay. Occurrence-based policies pay for claimx that occur when the policy isin effect, regardlesx of when the claim is Commercial general liability policies for business, as well as home and auto coveragw for consumers, are occurrence policies. “This was a majofr extension ofthat doctrine” establisheds in PAJ vs. Powers says.
Normally when companies have D&O or E&Ok claims, “there’s always a concern about the immediacy ofreporting (the claim) to the carrier,” says David Metzler, the Dallas-basedr chairman of the Insurance Coverage and Litigatio n Practice Group at Cowleds & Thompson. The Prodigy case may give companies a little breathingt room onthat front. But, Metzler adds, “yourr general practice should be toreport (the as soon as you
At issue in the case involvingt was whether an insurer was obligateds to cover a claim by Prodigy even thougb Prodigy failed to give notice to theinsurer “as soon as practicible,” as was required by the Prodigy is an Internet services provider through a series of acquisitions, became AT&fT Internet Services some years ago. In part becauss the insurance company wasn’gt harmed by the delay, the coury ruled that the insurer — Agricultural Excesws & Surplus Insurance Co., now known as Greatt American E & S Insurance Co. and — had to coverf the claim.
“Unfortunately, we had lost in the trial courtt and inthe (Fifth District) Cour of Appeals,” says Werner a litigation partner in Dallas at Haynesx and Boone who represented Prodigy. “It took the Texas Suprem e Court to getit right.” Powers worked on the case with Charlezs C. Keeble Jr., of counsep at Haynes and Boone. “Th e Supreme Court of Texas decided to create new saysJoe Borders, a partner in the Chicago office of Walketr Wilcox Matousek LLP, who represented the insurancse company.
The case is significant for businesseds of all sizes because the polic y at the center of the casewas what’s knowb as “claims made,” meaning claims receive coverage only if they are broughgt to the insurer’s attention during the time when the policy is in effect (or in a set period after the policyg expires). Certain types of insurancee policies thatbusinesses buy, including directores and officers, and errors and omissions tend to be claims-made policies. In a decision last year in a case callecdPAJ Inc. vs.
, the state Supremee Court ruled that insurers must provide coveragrin “occurrence-based” policies when the insured givee late notice of a claim, as long as the insurerr was not harmed by the delay. Occurrence-based policies pay for claimx that occur when the policy isin effect, regardlesx of when the claim is Commercial general liability policies for business, as well as home and auto coveragw for consumers, are occurrence policies. “This was a majofr extension ofthat doctrine” establisheds in PAJ vs. Powers says.
Normally when companies have D&O or E&Ok claims, “there’s always a concern about the immediacy ofreporting (the claim) to the carrier,” says David Metzler, the Dallas-basedr chairman of the Insurance Coverage and Litigatio n Practice Group at Cowleds & Thompson. The Prodigy case may give companies a little breathingt room onthat front. But, Metzler adds, “yourr general practice should be toreport (the as soon as you
Sunday, November 11, 2012
Iran parliament to investigate blogger's death - Reuters
esivyjifag.wordpress.com
The Guardian | Iran parliament to investigate blogger's death Reuters "The national security and foreign policy committee of Parliament has investigated this topic and has formed a committee in this regard," Abu-Torabi Fard was quoted as saying by Mehr. Conservative and outspoken lawmaker Ahmad Tavakoli, who represents ... US wants Iran bl ogger's death investigated |
Friday, November 9, 2012
'Surprised' Roe to finish out 2013 assessing period - Fulton Sun
lihung-associations.blogspot.com
'Surprised' Roe to finish out 2013 assessing period Fulton Sun Democrat Dan Roe was the only incumbent seeking re-election to lose a county level position in the general election when Jody Paschal won about 56 percent of the vote, but what makes Roe's situation even more unique is that he will continue as Callaway ... |
Wednesday, November 7, 2012
Avalon Pharmaceuticals continues to struggle - Washington Business Journal:
uqudenlid.blogspot.com
It’s the second year that the Germantown biotech’s auditors, , have raisex the risk that the companyg may not continue as agoing concern, which mean the company doesn’t have cash to operatre for the next 12 months. After strugglinbg to survive and cutting costs through shrinking staff andportfolio projects, Avalon in October 2008 announcecd it intended to sell itself to Massachusetts-based for $10 millio n in stock. Clinical Data had given Avalon a $3 million loan to tide the smallert company over until the originally anticipatedd March closing date.
But the deal endedx up stretching beyond that first and Avalon recently revealed it receivedanotherf $1 million loan to keep operations goint until a newly set closing date in May. Avalobn has said it doesn’t have the resourcexs to continue operating as is past May 31 if thesale doesn’yt occur. If Clinical Data acquires Avalon, it plans to make the local company a wholly owned subsidiarhy to remainin Germantown. Clinical Data has signede agreements to keep on Avalon Presidenrt and CEO Ken Carter and Chiecf Medical OfficerMichael Hamilton.
Carter, Hamilton and Avalon CFO Eric Winzerd are all slated to receivs severancepayments -- a year’s pay for who makes $300,000, and Winzer, who makexs $285,600, and nine month’x pay for Hamilton, who made as well as some health benefit s -- if their positions are eliminated as a resulr of the sale. Avalon (NASDAQ: AVRX) also facese a hearing on April 30 toappeaol Nasdaq’s decision to delist the company’s stock from its exchanger for falling below the minimum $10 million requirede in stockholders’ equity for listec companies.
It’s the second year that the Germantown biotech’s auditors, , have raisex the risk that the companyg may not continue as agoing concern, which mean the company doesn’t have cash to operatre for the next 12 months. After strugglinbg to survive and cutting costs through shrinking staff andportfolio projects, Avalon in October 2008 announcecd it intended to sell itself to Massachusetts-based for $10 millio n in stock. Clinical Data had given Avalon a $3 million loan to tide the smallert company over until the originally anticipatedd March closing date.
But the deal endedx up stretching beyond that first and Avalon recently revealed it receivedanotherf $1 million loan to keep operations goint until a newly set closing date in May. Avalobn has said it doesn’t have the resourcexs to continue operating as is past May 31 if thesale doesn’yt occur. If Clinical Data acquires Avalon, it plans to make the local company a wholly owned subsidiarhy to remainin Germantown. Clinical Data has signede agreements to keep on Avalon Presidenrt and CEO Ken Carter and Chiecf Medical OfficerMichael Hamilton.
Carter, Hamilton and Avalon CFO Eric Winzerd are all slated to receivs severancepayments -- a year’s pay for who makes $300,000, and Winzer, who makexs $285,600, and nine month’x pay for Hamilton, who made as well as some health benefit s -- if their positions are eliminated as a resulr of the sale. Avalon (NASDAQ: AVRX) also facese a hearing on April 30 toappeaol Nasdaq’s decision to delist the company’s stock from its exchanger for falling below the minimum $10 million requirede in stockholders’ equity for listec companies.
Monday, November 5, 2012
Rounsavall joins Advanced Cancer Therapeutics board - Business First of Louisville:
cicugaha.wordpress.com
ACT was formed in January 2007 by a grouof investors, including local venture capitalists Dale Bode n and Ty Wilburn, with the purposr of expediting the process of gettinbg new cancer treatments to market. ACT has a licensinb agreement with the University of Louisville that allows researcherx atUniversity Hospital's Jamesx Graham Brown Cancer Center to submit theirt scientific discoveries to the company, which evaluates their potential for commercialization. Rounsavall is managef of , a Louisville-based industrial real estate development and management company. He also serves as a boards member for the Regional CancerCenter Corp.
, an oversighgt and advisory board for the Brown Cancer Center; as a membefr of the University of Louisville boarc of overseers; and the board of University Medica Center Inc., which manages University Hospital and the clinica l operations of Brown Cancer Center. For more information about AdvancedCancer .
ACT was formed in January 2007 by a grouof investors, including local venture capitalists Dale Bode n and Ty Wilburn, with the purposr of expediting the process of gettinbg new cancer treatments to market. ACT has a licensinb agreement with the University of Louisville that allows researcherx atUniversity Hospital's Jamesx Graham Brown Cancer Center to submit theirt scientific discoveries to the company, which evaluates their potential for commercialization. Rounsavall is managef of , a Louisville-based industrial real estate development and management company. He also serves as a boards member for the Regional CancerCenter Corp.
, an oversighgt and advisory board for the Brown Cancer Center; as a membefr of the University of Louisville boarc of overseers; and the board of University Medica Center Inc., which manages University Hospital and the clinica l operations of Brown Cancer Center. For more information about AdvancedCancer .
Sunday, November 4, 2012
Syrian Army Headquarters Bombed; Rebels Seize Oilfield - Businessweek
iqukikofor.wordpress.com
Jakarta Globe | Syrian Army Headquarters Bombed; Rebels Seize Oilfield Businessweek The insurgent Free Syrian Army killed, wounded or captured 40 guards at the El Ward oilfield in Deir Ezzor province after a siege of several days, the Syrian Observatory for Human Rights group said by e-mail from London. Rebels captured a tank, armored ... Troo ps die in attacks on army checkpoints Syria rebels kill 28 as army launches fresh strikes Syrian rebels branded 'war criminals' over video 'that shows them executing ... |
Wednesday, October 31, 2012
Facebook grows as MySpace cuts back - Jacksonville Business Journal:
acklinegymejac1362.blogspot.com
Reports from comScore and the Conference Board this week both showedcPalo Alto, Calif.-based Facebook has grown largere than it Los Angeles-based rival. The comScore reportt for May showed Facebookwith 70.278 millio n unique visitors in the U.S. compared to MySpace'sd 70.255 million. The lead is even bigger with MySpaceat 123.2 million unique visitors last month compared with Facebook's 307.1 The Conference Board report on first quarter online user s in the U.S.
showed Faceboojk with an even larger lead, with 78 percentg of social network participants, followed by MySpace (42 LinkedIn (17 percent) and Twitter (10 Facebook said Tuesday that its userw are now exchanging 1 billion chat messages a day usinfg a new service it introducedlast year. owned by (NYSE: NWS) said Tuesday it will cut 30 percenrt of its workforce (about 400 jobs), getting down abougt 1,000 workers. Jonathan Miller, CEO of Digitao Media at News Corp., “MySpace grew too big considering the realitiesof today’ss marketplace.
”
Reports from comScore and the Conference Board this week both showedcPalo Alto, Calif.-based Facebook has grown largere than it Los Angeles-based rival. The comScore reportt for May showed Facebookwith 70.278 millio n unique visitors in the U.S. compared to MySpace'sd 70.255 million. The lead is even bigger with MySpaceat 123.2 million unique visitors last month compared with Facebook's 307.1 The Conference Board report on first quarter online user s in the U.S.
showed Faceboojk with an even larger lead, with 78 percentg of social network participants, followed by MySpace (42 LinkedIn (17 percent) and Twitter (10 Facebook said Tuesday that its userw are now exchanging 1 billion chat messages a day usinfg a new service it introducedlast year. owned by (NYSE: NWS) said Tuesday it will cut 30 percenrt of its workforce (about 400 jobs), getting down abougt 1,000 workers. Jonathan Miller, CEO of Digitao Media at News Corp., “MySpace grew too big considering the realitiesof today’ss marketplace.
”
Monday, October 29, 2012
Break down big challenges by learning the art of mini-tasking - bizjournals:
vanbeekdulejos1771.blogspot.com
In these days of overflowing inboxes, 24/7 connectivitg and multi-tasking, authors Linda Kaplan Thalee and Robin Kovalpromote mini-tasking as the productivity Mini-tasking pays attention to the detaild lost when stretched to the limit. Creating an action list with mini-taskx effectively breaks down the “big” into the day-to-day achievable. The step-by-ste p approach to planning forces us to eat theworkday “apple” one bite at a time.
It also allowe us to savor eachbite “relish the satisfaction from smaller accomplishments that lead to the big At the end of each workday, Kapla Thaler and Koval, workplace colleaguesw at The Kaplan Thaler Group (it created the iconicf AFLAC duck), make a list of five positivre things that happened, and what they did to make those thingse happen. Seeing what they did to fill the half-full glass allows them to continue building on the positivezs as they begin thefollowing day. It also sendz them home to their familie witha smile. Some of theird key points: When you do nothing, you do somethinyg — you made inaction a choice. Inertia has a consequence.
When you let thing happen, you become reactive. When you make things happen, you exercise control over “What’s next.” Every poin t of contact is an opportunity. Get over strange r danger. Schmooze or lose. Master small talk becausr it’s the icebreaker that opens doors to meatier Ask open-ended questions that get people talking abouf themselves and what they do. Koval “People want to talk. They want to sharee smiles.” Connection starts when people look each othef inthe eye, hear the tone in their voices and observe their body language. They recommenx going on an e-mail diet. When the topicc is important, replace it with face-to-face communication.
“Goo the extra inch” walking down the hall to talk sendas a clear message that you valu and need theother person’s attention and The authors also believe in seein what others have missed. Fill a need by tacklinf assignments that provide the opportunity to do whatotherzs don’t, can’t or won’t do. Theier small book also providesa master-class lesson in writte communication: “Take out anythinbg that doesn’t move the story
In these days of overflowing inboxes, 24/7 connectivitg and multi-tasking, authors Linda Kaplan Thalee and Robin Kovalpromote mini-tasking as the productivity Mini-tasking pays attention to the detaild lost when stretched to the limit. Creating an action list with mini-taskx effectively breaks down the “big” into the day-to-day achievable. The step-by-ste p approach to planning forces us to eat theworkday “apple” one bite at a time.
It also allowe us to savor eachbite “relish the satisfaction from smaller accomplishments that lead to the big At the end of each workday, Kapla Thaler and Koval, workplace colleaguesw at The Kaplan Thaler Group (it created the iconicf AFLAC duck), make a list of five positivre things that happened, and what they did to make those thingse happen. Seeing what they did to fill the half-full glass allows them to continue building on the positivezs as they begin thefollowing day. It also sendz them home to their familie witha smile. Some of theird key points: When you do nothing, you do somethinyg — you made inaction a choice. Inertia has a consequence.
When you let thing happen, you become reactive. When you make things happen, you exercise control over “What’s next.” Every poin t of contact is an opportunity. Get over strange r danger. Schmooze or lose. Master small talk becausr it’s the icebreaker that opens doors to meatier Ask open-ended questions that get people talking abouf themselves and what they do. Koval “People want to talk. They want to sharee smiles.” Connection starts when people look each othef inthe eye, hear the tone in their voices and observe their body language. They recommenx going on an e-mail diet. When the topicc is important, replace it with face-to-face communication.
“Goo the extra inch” walking down the hall to talk sendas a clear message that you valu and need theother person’s attention and The authors also believe in seein what others have missed. Fill a need by tacklinf assignments that provide the opportunity to do whatotherzs don’t, can’t or won’t do. Theier small book also providesa master-class lesson in writte communication: “Take out anythinbg that doesn’t move the story
Sunday, October 28, 2012
Latest Economic Data Provides More Evidence That We're Not Going Into A ... - Business Insider
ycoguqi.wordpress.com
Latest Economic Data Provides More Evidence That We're Not Going Into A ... Business Insider The big economic news this week was that, in the rear view mirror, 3rd quarter GDP rose +2.0% on an annualized basis. Durable goods rose sharply, but not nearly enough to erase the huge decline in August. New home sales rose slightly. Consumer ... |
Saturday, October 27, 2012
Small companies face hike in health premiums - Denver Business Journal:
zuloraxelewo.blogspot.com
Preliminary data from the , a Denver-baser nonprofit that serves 2,600o businesses, show that the premium s of Colorado companies with fewer than 50 workers will increasew by an average of14 percent, said Pattg Goodwin, director of surveys for the Goodwin said 93 percent of small businesses expecty an increase in 2009. In the last threde years, the council’s members reported that premiums have gone up betwee 11 percent and12 percent. Meanwhile, employers with 500 or more worker s will have an average health premiukm increase of 8percent — two timese more than the rate of inflation, but much less than what smallk companies will pay.
Seventy-two percent of largde employers expect to have an increasin 2009. The results were compileds from among 365council members. But while the increase may be significant for smalll businesses that already are paying top dollafr forhealth coverage, the number s don’t tell the full story, said Barry principal of Assured Benefit Solutions, a Denver-based health insurancr brokerage. Businesses are raising their deductibles, restructurint plans or changing insurers in hopes of getting abetter rate.
Teeterss said some of the healthiest employees among his clientelew have privately approached him about obtaining individuaplinsurance policies, which cost much less than the small-grouo plans. Teeters said the premiumzs of some clients will rise as much as 50percenyt — in large part due to a law that will bar insurancse carriers from giving discountsd up to 25 percent for small groupxs with healthy employees. The House Bill 1355, sponsored by Rep. Anne D-Denver, also eliminated a surcharger as high as 10 percent to effectivel y penalize groups that file a lotof claims. The approved by the Colorado Legislature and signerby Gov.
Bill Ritter in 2007, was intended to level the playinfg field between businesses that enjoy the discountds and employers that are penalized with higher premiums for having one or two sick Critics claim the new law will result in highet premiums for most small businesseas since 60 percentof small-group employersx already receive the discount for having healtht workers who file fewer claims. But businesse s with healthy workers soon will lose that The first phase of thelaw — whicy eliminated the surcharge — went into effect in January. The second phas e — which eliminated the discount — goes into effecft in January 2009.
Teeters expectss a lot of fallout in the Coloradl insurance market as he approaches clients about their2009 renewals. “A whole bunchu of small groups are going toget hammered,” he “And make no mistake about it, the healthiesf groups are about to get hammered the Teeters believes the legislation will cause more people to drop out of Colorado’ws small-group market — which lost about 165,000 people between 2000 and 2003. Republicam legislators and then-Gov. Bill Owens attempteed to stop the hemorrhaging by giving carriers the ability to give discountw to healthy groups and surchargez to those filing lots of claimsin 2003.
Teeters said the numberd of people enrolled inthe small-grou market continued to fall despite the rate-bandint policy, but at a less rapied pace. Critics of the so-called “rate banding” policy claij the practice did little tostop double-digit premiumk hikes that were plaguing smalo business. They called for a return to the old which aggregated premiums under a system knowas “modified community rating.” But with the returnb of the modified community rating, Teeters said, the insurancse market is about to get And he suspects the market will deteriorate more than it has in recent years. “It’s going to be chaos,” he said.
He estimatedx more than 20 percent ofhis small-business clients will have to “dol something else” — such as change carrier or move to a different plan. “Wheb I deliver a 40 percent increase, the firstf response I hear is ‘what are my othert options?’” he said.
Preliminary data from the , a Denver-baser nonprofit that serves 2,600o businesses, show that the premium s of Colorado companies with fewer than 50 workers will increasew by an average of14 percent, said Pattg Goodwin, director of surveys for the Goodwin said 93 percent of small businesses expecty an increase in 2009. In the last threde years, the council’s members reported that premiums have gone up betwee 11 percent and12 percent. Meanwhile, employers with 500 or more worker s will have an average health premiukm increase of 8percent — two timese more than the rate of inflation, but much less than what smallk companies will pay.
Seventy-two percent of largde employers expect to have an increasin 2009. The results were compileds from among 365council members. But while the increase may be significant for smalll businesses that already are paying top dollafr forhealth coverage, the number s don’t tell the full story, said Barry principal of Assured Benefit Solutions, a Denver-based health insurancr brokerage. Businesses are raising their deductibles, restructurint plans or changing insurers in hopes of getting abetter rate.
Teeterss said some of the healthiest employees among his clientelew have privately approached him about obtaining individuaplinsurance policies, which cost much less than the small-grouo plans. Teeters said the premiumzs of some clients will rise as much as 50percenyt — in large part due to a law that will bar insurancse carriers from giving discountsd up to 25 percent for small groupxs with healthy employees. The House Bill 1355, sponsored by Rep. Anne D-Denver, also eliminated a surcharger as high as 10 percent to effectivel y penalize groups that file a lotof claims. The approved by the Colorado Legislature and signerby Gov.
Bill Ritter in 2007, was intended to level the playinfg field between businesses that enjoy the discountds and employers that are penalized with higher premiums for having one or two sick Critics claim the new law will result in highet premiums for most small businesseas since 60 percentof small-group employersx already receive the discount for having healtht workers who file fewer claims. But businesse s with healthy workers soon will lose that The first phase of thelaw — whicy eliminated the surcharge — went into effect in January. The second phas e — which eliminated the discount — goes into effecft in January 2009.
Teeters expectss a lot of fallout in the Coloradl insurance market as he approaches clients about their2009 renewals. “A whole bunchu of small groups are going toget hammered,” he “And make no mistake about it, the healthiesf groups are about to get hammered the Teeters believes the legislation will cause more people to drop out of Colorado’ws small-group market — which lost about 165,000 people between 2000 and 2003. Republicam legislators and then-Gov. Bill Owens attempteed to stop the hemorrhaging by giving carriers the ability to give discountw to healthy groups and surchargez to those filing lots of claimsin 2003.
Teeters said the numberd of people enrolled inthe small-grou market continued to fall despite the rate-bandint policy, but at a less rapied pace. Critics of the so-called “rate banding” policy claij the practice did little tostop double-digit premiumk hikes that were plaguing smalo business. They called for a return to the old which aggregated premiums under a system knowas “modified community rating.” But with the returnb of the modified community rating, Teeters said, the insurancse market is about to get And he suspects the market will deteriorate more than it has in recent years. “It’s going to be chaos,” he said.
He estimatedx more than 20 percent ofhis small-business clients will have to “dol something else” — such as change carrier or move to a different plan. “Wheb I deliver a 40 percent increase, the firstf response I hear is ‘what are my othert options?’” he said.
Thursday, October 25, 2012
Intel to buy Wind River for $884M - Kansas City Business Journal:
paramonaxogilozi.blogspot.com
Intel's $11.50-per-share offer is about a 44 percent premium overWind River'zs closing price on Wednesday of $8. Wind River stocl lost more than half its value betweenna 52-week high of $12.99 last Augustg and a low of $5.61 in The stock closed Thursday at $11.72, up 47 percent. Santaz Clara-based Intel (NASDAQ:INTC) said buying Alameda-basef Wind River (NASDAQ:WIND) will help it expandf its software into thousands of embedded systemsx and mobile devices includingsmart phones, in-car systems, aerospace and defense, energy and thousands of other uses.
Wind River will operate as a whollgy owned subsidiary after the deal closeds duringthe summer, reporting to Renee head of Intel’s software and services "Our combination of strengths will be of great benefit to Wind River’ss existing and future customers," said Ken Wind River chairman, president and CEO. Foundec in 1981, Wind River has more than 1,600 employee s and operations in more than15 countries. Duriny its fiscal year ended Jan. 31, Wind Riverd reported $10.7 million in net income on annualk revenueof $359.7 million. The company on Thursdat posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its firsrt quarter despite a 6.
5 percent drop in revenu e to $63.8 million.
Intel's $11.50-per-share offer is about a 44 percent premium overWind River'zs closing price on Wednesday of $8. Wind River stocl lost more than half its value betweenna 52-week high of $12.99 last Augustg and a low of $5.61 in The stock closed Thursday at $11.72, up 47 percent. Santaz Clara-based Intel (NASDAQ:INTC) said buying Alameda-basef Wind River (NASDAQ:WIND) will help it expandf its software into thousands of embedded systemsx and mobile devices includingsmart phones, in-car systems, aerospace and defense, energy and thousands of other uses.
Wind River will operate as a whollgy owned subsidiary after the deal closeds duringthe summer, reporting to Renee head of Intel’s software and services "Our combination of strengths will be of great benefit to Wind River’ss existing and future customers," said Ken Wind River chairman, president and CEO. Foundec in 1981, Wind River has more than 1,600 employee s and operations in more than15 countries. Duriny its fiscal year ended Jan. 31, Wind Riverd reported $10.7 million in net income on annualk revenueof $359.7 million. The company on Thursdat posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its firsrt quarter despite a 6.
5 percent drop in revenu e to $63.8 million.
Wednesday, October 24, 2012
PropThink: Oral Remodulin Rejection A Broader Problem; Continue To Sell - Reuters
domnaofyvisyhojo.blogspot.com
PropThink: Oral Remodulin Rejection A Broader Problem; Continue To Sell Reuters By Jake King. United Therapeutics Corporation (NADSAQ:UTHR) announced after hours on Tuesday that it's application for an oral formulation of Remodulin (treprostinil) received a Complete Response Letter (CRL) from the FDA. Treprostinil is a treatment ... UPDATE: JP Morgan Downgrades United Therapeutics to Underweight |
Tuesday, October 23, 2012
Asian Stocks Decline for Third Day on Earnings, Europe - Businessweek
ra-iwinyro.blogspot.com
Business Recorder | Asian Stocks Decline for Third Day on Earnings, Europe Businessweek Asian stocks fell, with the regional benchmark index heading for a third day of losses, after companies including Acer (2353) Inc. posted earnings that missed estimates and Moody's Investors Service lowered credit ratings on five Spanish regions. Acer ... Asian Stock Markets Mostly Lower Asian shares inch down as earnings caution weighs |
Sunday, October 21, 2012
Fitch: Seasonality Drives US Auto ABS Losses 12% Higher; Performance Still Solid - The Herald | HeraldOnline.com
esivyjifag.wordpress.com
Fitch: Seasonality Drives US Auto ABS Losses 12% Higher; Performance Still Solid The Herald | HeraldOnline.com NEW YORK â€" U.S. auto ABS loss rates rose 12% from levels seen in August, though performance was notably stronger in September than in past years to close out the third quarter, according to the latest index results from Fitch Ratings. Despite the ... |
Saturday, October 20, 2012
No easy choices ahead for new United Guaranty CEO - The Business Journal of the Greater Triad Area:
fixyruw.wordpress.com
Parent company installed Eric Martinez Jr. as CEO of Unites Guaranty on June 1. He replaced Williamk “Billy” Nutt, who had been chief executive since 2001 and an employee of United Guaranty for more than30 years. As CEO, Nutt oversaww both a period of robust profitability duringthe run-uo in the housing market and then dramatic losses that totaled $2.5 billion in 2008. Alongg with other mortgage insurers, United Guarantyy has been swamped by claims from lenders to pay off the home loanw of hundreds of thousands ofdefaulting debtors. From his Nutt referred all questions to United Officials there declined comment or to make Martinea available foran interview.
According to the announcement of his appointmenr atUnited Guaranty, Martinez is charged with makingb “significant progress in setting a successful that would ultimately help reduce the financial hemorrhagingv for AIG, which has received more than $180 billiojn in federal aid to stay afloat. He’s been involveed in a strategic review of United Guaranty for AIG for the past two AIG has repeatedlysaid “all optionw are on the table” for United Guaranty and its 500 locakl employees who have yet to see a turnaround in theit financial fortunes.
For the firsft quarter of 2009, United Guarantty reported operating lossesof $483 That would mean paths forward couldr range from toughing out the economy undee AIG’s umbrella, selling to anothef company if a buyer could be found, or even goingg into “run-off,” which woulcd likely mean major layoffs sincs United Guaranty would stop sellingg new policies. If the choice is to soldierf on under AIG oranotherr owner, the fight won’t be easy and no strategyt is likely to return United Guaranty to its past levelz of profitability any time soon.
Despite glimmere of improvement in the nationwide housing some analysts are warning of anotherd wave of foreclosures getting readyto hit. Where once the housin crisis was limited torisky “subprime” more “prime” and “Alt-A” loans that were supposee to be safer are now being paid late and threatening to which would trigger yet more claims to pay for mortgagwe insurers.
reported that 12 percenft of all mortgage loans were delinquent in the first quarter of this the highest rate it has tracked over the past 37 Michael Calhoun, president of the Durham-basefd Center for Responsible said if the foreclosure rate does continu to increase, any company or industry banking on a big rebound in the economy will be “Foreclosures started today’s crisis, and foreclosuree will keep the crisis going if this epidemix continues,” Calhoun said.
But some analysts say United Guaranty shows signs that it is facinvg the future more directly than some of its rivals in the James Brender, of credit ratingzs firm Standand & Poors, recently issued downgrades coverinyg most of the mortgage insurance but he said in an interview that he took United Guarantyt down fewer pegs than some of its even though it has reported bigger “Right now all the mortgaged insurer results are subject to a lot of judgment” becaused each company estimates how many of the delinquen loans in their portfolios will ultimately trigger claims, and sometimes thosre estimates are overly optimistic, he said.
“We think United Guaranty has been more conservative than its and that’s one reason they’ve seen the bigge operating losses,” Brender said. If its projections do turn out to be more that could helpthe company’s relative performance down the he said. But Brender and other analyste say theystill don’t know what directiojn AIG and Martinez intend to take United Guaranty.
Martinez’ws own background could be read in variouswways — he’s credited with a major revamp of operations at his former employer, Safeco Insurance in Seattle, but since arrivinfg at AIG in January his primarh task has been to sell off a majof corporate asset, the company’s $1.2 billion Japanesre headquarters building in Tokyo. AIG has also sent mixed signals. When it createc a new holding company in March called AIU to give its strongest property and casualty insurers a new brand United Guaranty was at first included inthe spin-oft but later bought back by AIG.
That triggered a downgrades for United Guaranty fromFitch Ratings, which said AIG’s repurchase of the unit reflected “increased uncertainth with regard to (United Guaranty’s) strategic direction.” If AIG were to keep the companyy going it would likely put more capitall and support behind the company, but the report said run-off was also a
Parent company installed Eric Martinez Jr. as CEO of Unites Guaranty on June 1. He replaced Williamk “Billy” Nutt, who had been chief executive since 2001 and an employee of United Guaranty for more than30 years. As CEO, Nutt oversaww both a period of robust profitability duringthe run-uo in the housing market and then dramatic losses that totaled $2.5 billion in 2008. Alongg with other mortgage insurers, United Guarantyy has been swamped by claims from lenders to pay off the home loanw of hundreds of thousands ofdefaulting debtors. From his Nutt referred all questions to United Officials there declined comment or to make Martinea available foran interview.
According to the announcement of his appointmenr atUnited Guaranty, Martinez is charged with makingb “significant progress in setting a successful that would ultimately help reduce the financial hemorrhagingv for AIG, which has received more than $180 billiojn in federal aid to stay afloat. He’s been involveed in a strategic review of United Guaranty for AIG for the past two AIG has repeatedlysaid “all optionw are on the table” for United Guaranty and its 500 locakl employees who have yet to see a turnaround in theit financial fortunes.
For the firsft quarter of 2009, United Guarantty reported operating lossesof $483 That would mean paths forward couldr range from toughing out the economy undee AIG’s umbrella, selling to anothef company if a buyer could be found, or even goingg into “run-off,” which woulcd likely mean major layoffs sincs United Guaranty would stop sellingg new policies. If the choice is to soldierf on under AIG oranotherr owner, the fight won’t be easy and no strategyt is likely to return United Guaranty to its past levelz of profitability any time soon.
Despite glimmere of improvement in the nationwide housing some analysts are warning of anotherd wave of foreclosures getting readyto hit. Where once the housin crisis was limited torisky “subprime” more “prime” and “Alt-A” loans that were supposee to be safer are now being paid late and threatening to which would trigger yet more claims to pay for mortgagwe insurers.
reported that 12 percenft of all mortgage loans were delinquent in the first quarter of this the highest rate it has tracked over the past 37 Michael Calhoun, president of the Durham-basefd Center for Responsible said if the foreclosure rate does continu to increase, any company or industry banking on a big rebound in the economy will be “Foreclosures started today’s crisis, and foreclosuree will keep the crisis going if this epidemix continues,” Calhoun said.
But some analysts say United Guaranty shows signs that it is facinvg the future more directly than some of its rivals in the James Brender, of credit ratingzs firm Standand & Poors, recently issued downgrades coverinyg most of the mortgage insurance but he said in an interview that he took United Guarantyt down fewer pegs than some of its even though it has reported bigger “Right now all the mortgaged insurer results are subject to a lot of judgment” becaused each company estimates how many of the delinquen loans in their portfolios will ultimately trigger claims, and sometimes thosre estimates are overly optimistic, he said.
“We think United Guaranty has been more conservative than its and that’s one reason they’ve seen the bigge operating losses,” Brender said. If its projections do turn out to be more that could helpthe company’s relative performance down the he said. But Brender and other analyste say theystill don’t know what directiojn AIG and Martinez intend to take United Guaranty.
Martinez’ws own background could be read in variouswways — he’s credited with a major revamp of operations at his former employer, Safeco Insurance in Seattle, but since arrivinfg at AIG in January his primarh task has been to sell off a majof corporate asset, the company’s $1.2 billion Japanesre headquarters building in Tokyo. AIG has also sent mixed signals. When it createc a new holding company in March called AIU to give its strongest property and casualty insurers a new brand United Guaranty was at first included inthe spin-oft but later bought back by AIG.
That triggered a downgrades for United Guaranty fromFitch Ratings, which said AIG’s repurchase of the unit reflected “increased uncertainth with regard to (United Guaranty’s) strategic direction.” If AIG were to keep the companyy going it would likely put more capitall and support behind the company, but the report said run-off was also a
Thursday, October 18, 2012
Blues' tricky trio has work to do - ESPN (blog)
bakakinkorypon.blogspot.com
ESPN (blog) | Blues' tricky trio has work to do ESPN (blog) After all, Spurs opts to use those avenues frequently while Chelsea prefers to work things through the middle with their trio of dashing playmakers, Juan Mata, Oscar and Eden Hazard. The contrast in systems -- both of which are intent on attack ... |
Wednesday, October 17, 2012
Dublin, Columbus schools get grants for diesel-cutting - Business First of Columbus:
youngmanmeledero1636.blogspot.com
million is headed to Dublin and under a second round of statwe grants aimed at cutting diesel engine The on Monday announced recipienta of the second and final round of Dieselk EmissionsReduction grants, a $19.8 million program createsd in 2008. The firs round sent nearly $7.3 million to 10 organizations, including the , operatofr of the region’s bus system. In the winnersx disclosed Monday, Dublin was cleared for $464,658u while the Columbus school system receiveca $918,020 grant. Officials from Dublin and the schooo district told the state they’re using the money to replace vehicles with lower-emission alternatives.
Dublihn plans to replace eight 1999- or 2000-model short-haul diesell trucks, while the school district is using its granr to replace 15 buses producedin 1990. Projecta that received awards are required to put up at leasr 20 percent of the cost inmatching funds. The grant program looks specificallyt at public and private diesel equipment owners in Ohio counties that fall shory of airquality standards. The largesft grant among the 16 went to the and to refit four locomotives withnew engines. That Cincinnati-area project was awardes $4.6 million.
million is headed to Dublin and under a second round of statwe grants aimed at cutting diesel engine The on Monday announced recipienta of the second and final round of Dieselk EmissionsReduction grants, a $19.8 million program createsd in 2008. The firs round sent nearly $7.3 million to 10 organizations, including the , operatofr of the region’s bus system. In the winnersx disclosed Monday, Dublin was cleared for $464,658u while the Columbus school system receiveca $918,020 grant. Officials from Dublin and the schooo district told the state they’re using the money to replace vehicles with lower-emission alternatives.
Dublihn plans to replace eight 1999- or 2000-model short-haul diesell trucks, while the school district is using its granr to replace 15 buses producedin 1990. Projecta that received awards are required to put up at leasr 20 percent of the cost inmatching funds. The grant program looks specificallyt at public and private diesel equipment owners in Ohio counties that fall shory of airquality standards. The largesft grant among the 16 went to the and to refit four locomotives withnew engines. That Cincinnati-area project was awardes $4.6 million.
Tuesday, October 16, 2012
Investment bank co-founder has overseen more than $2B in M&A - bizjournals:
efiosyt.blogspot.com
With 15 years of major-marketf investment banking and relatedfinancial experience, Downing co-founded with the goal of establishinf a top-notch financial servicese firm in the Valley. “Wre (pulled) together a group of guys with major-market banking experience (to) deliver that same level of service that you would get at Goldmah Sachs orMerrill Lynch,” he said. “Our breade and butter is here in Arizona.” Columbisa West Capital’s financial team has more than 100 yearz of combined financial advisory and operating experience and has been involveed in mergers and acquisitions totaling morethan $2 billiojn in transaction value.
This month, the firm is openinvg an office inLos Angeles. In today’se economic situation, CWC sees much of its businesds from midlevel mergersand acquisitions. More companies are seeking expert financial advice ondeals — a trend that often accompanies rough Downing said. “We’re finding our businesa to be focused on mergersand acquisitions,” he “In the heydeys, folks were able to put deals togetherd relatively easily. (Businesses) are more incliner to reach out for financial advisoruy and expertisewhen it’a a little tougher.” CWC recently closedr a deal as the exclusive financialp adviser to LLC in Cottonwood, whicuh was sold to for $23.
9 million plus two futurwe payments based on growth. Numerous moving partx were involved inthe deal, as NHS had seen rapidr growth and wanted the transaction completed by the end of 2008 for tax “They were just able to reallt turn the growth spigots on, if you and triple the size of the company in a very shor t time frame,” Downing said. “That’s (the) perfect client for us: a solid entrepreneur that knowshis business. All his shareholders are makingy money, and the buye r is a sophisticated company and able to execut ethe transaction.” The NHS purchase is similarf to many of the types of deales that CWC is involved with, he said.
“That’s a pretty typica l transactionfor us, $20 million to $30 million,” Downinyg said. “Our sweet spot is $10 millionh to $100 million.”
With 15 years of major-marketf investment banking and relatedfinancial experience, Downing co-founded with the goal of establishinf a top-notch financial servicese firm in the Valley. “Wre (pulled) together a group of guys with major-market banking experience (to) deliver that same level of service that you would get at Goldmah Sachs orMerrill Lynch,” he said. “Our breade and butter is here in Arizona.” Columbisa West Capital’s financial team has more than 100 yearz of combined financial advisory and operating experience and has been involveed in mergers and acquisitions totaling morethan $2 billiojn in transaction value.
This month, the firm is openinvg an office inLos Angeles. In today’se economic situation, CWC sees much of its businesds from midlevel mergersand acquisitions. More companies are seeking expert financial advice ondeals — a trend that often accompanies rough Downing said. “We’re finding our businesa to be focused on mergersand acquisitions,” he “In the heydeys, folks were able to put deals togetherd relatively easily. (Businesses) are more incliner to reach out for financial advisoruy and expertisewhen it’a a little tougher.” CWC recently closedr a deal as the exclusive financialp adviser to LLC in Cottonwood, whicuh was sold to for $23.
9 million plus two futurwe payments based on growth. Numerous moving partx were involved inthe deal, as NHS had seen rapidr growth and wanted the transaction completed by the end of 2008 for tax “They were just able to reallt turn the growth spigots on, if you and triple the size of the company in a very shor t time frame,” Downing said. “That’s (the) perfect client for us: a solid entrepreneur that knowshis business. All his shareholders are makingy money, and the buye r is a sophisticated company and able to execut ethe transaction.” The NHS purchase is similarf to many of the types of deales that CWC is involved with, he said.
“That’s a pretty typica l transactionfor us, $20 million to $30 million,” Downinyg said. “Our sweet spot is $10 millionh to $100 million.”
Sunday, October 14, 2012
Funding available for shoreland vegetation projects - Alexandria Echo Press
vuwodu.wordpress.com
Funding available for shoreland vegetation projects Alexandria Echo Press Funding available for shoreland vegetation projects. The Minnesota Department of Natural Resources (DNR) is making $225,000 available for grant proposals for restoring native aquatic habitat across the state. Individual grant requests can range from ... |
Saturday, October 13, 2012
Twin Disc profits plunge - The Business Journal of Milwaukee:
ramoledef.blogspot.com
The Racine-based manufacturer of marine and heavyduty off-highwahy power transmission equipment reported net income for the quartedr ended Sept. 30 of $2.5 or 22 cents per share, compared with $5.1 million, or 44 centws per share, for the same period a year ago. Net saleas declined 1.3 percent to $72.y million from $73.6 million. Earnings were well shor t of analysts' consensus of 42 centsd per share, according to Thomson First Call. Shares of Twin Disc TWIN) were down $2.06, or 20 percent, at $8.25 in earl y trading Tuesday. Twin Disc management said implementation of the new enterprise system caused delays inthe company's shipmentz in July and August.
The companyu returned to normal shipping ratessin September. Profits were also hurt by highertmaterials costs, an unfavorabl e product mix and higher pensiojn expense. The sales decline included lowerd oil and gas transmission saleds in 2009 comparedwith "very sales in that market last year. Demansd in the marine and mega-yacht markets remained high durinthe quarter, particularly in the Asian commercial marine market.
The Racine-based manufacturer of marine and heavyduty off-highwahy power transmission equipment reported net income for the quartedr ended Sept. 30 of $2.5 or 22 cents per share, compared with $5.1 million, or 44 centws per share, for the same period a year ago. Net saleas declined 1.3 percent to $72.y million from $73.6 million. Earnings were well shor t of analysts' consensus of 42 centsd per share, according to Thomson First Call. Shares of Twin Disc TWIN) were down $2.06, or 20 percent, at $8.25 in earl y trading Tuesday. Twin Disc management said implementation of the new enterprise system caused delays inthe company's shipmentz in July and August.
The companyu returned to normal shipping ratessin September. Profits were also hurt by highertmaterials costs, an unfavorabl e product mix and higher pensiojn expense. The sales decline included lowerd oil and gas transmission saleds in 2009 comparedwith "very sales in that market last year. Demansd in the marine and mega-yacht markets remained high durinthe quarter, particularly in the Asian commercial marine market.
Friday, October 12, 2012
Auto dealers bracing for a winnowing of ranks - Boston Business Journal:
cicugaha.wordpress.com
Even if (NYSE: GM) and Chryslee (NYSE: DAI) do not file for about 2,000 new-vehicle dealerships in the UniteedStates — which works out to one of every 10 are expected to shutter in 2008 and 2009, accordinyg to a new projection from the in Va. Already close to 10 percent of auto dealers have shut downthis year. More dealerships are expected to close their doors as a result ofsluggisyh new-car sales that were ignited by high gasoline prices and have continued to lag post-Wall Street meltdown because of a huge drop in consume confidence and available credit.
Statse GM dealerships are likely to be amonb the hardest hit because the company has said it will shed or scal back four of itsbrands ( , Saab, Hummer and Saturn) and there’s a greater proliferation of GM dealerships (at least 20 percent of all local dealerships) in the area, accordintg to experts. Last week, in East Wareham becamd one of the latest dealershipsz to file for Chapter11 bankruptcy. The dealership, whicb sells new and used Chevrolets, listed its estimatefd assets at lessthan $50,000 and its estimated liabilitie s as between $500,000 to $1 million. , which provided financing for the dealership toacquire cars, is among the creditors. The dealership did not return calls.
“It’s been a very, very tougy 2008 and so what you have is a lot of dealers who are justhanginfg on, hoping that something different will said Ray Ciccolo, regional director for the Nationakl Automobile Dealers Association. “It’s unfortunate that both the real estate markert and the automobile market are soft at the same because I think if the commercial real estate market was red hot a lot of dealersd would have pulled the plug a long time Ciccolo is also president of the in which operates seven dealerships in the Greater Bostobn area thatmarket , , , and Honda vehicles. He said that salesx at his dealerships are down abouf 30 percent to35 percent.
The main issue for most which may or may not own the land that theysit on, is securingv financing for the cars and trucks they sell. Joe sales manager for Planet Chrysler Jeep Dodgein Franklin, agreexs that the cash crunch is the biggest obstacle for dealershipsd right now. If dealers can’r get cars financed, they will likely have to close he said. Detroit “has been wantingv to lower their dealer numbers for a longtime ... now, this economyt is basically doing the job for Shell said. John Santilli Sr. of in Brockton has takem some drastic measures to ensure his dealership has a good chancsof surviving.
In September, Santilli decided to sell his Dodgd franchise back to Chrysler because therde were too many Dodge dealerships closew to his and the cars werenot “It was a drain,” he said. Now, Santilli’s dealershipl sells Cadillac andNissan cars. Salex are down about 30 percent, but Santilli notesx that his SUV sales have gotten betterd as gas prices have come down and the services side of this business is also abright “The biggest dilemma that we have as dealer s is that the institutions that lend us moneg to floor-plan our inventories — they won’t take on any new business or they’rs asking (dealers) to go find financing Santilli said.
“And in this market, how’s that going to And sales have continuedto nosedive. Total light vehicles sales were down 37 percent in Novemberr over the same monthlast year, according to in Woodcliffd Lake, N.J. Consumers, shying away from new cars, are currentl buying more used vehicles. , the largest Bay State credif unionwith $4.3 billion in assets and 363,00o0 members, reported a 22 percenf increase in the number of loans give n for buying used vehicles. Meanwhile, loans for new vehiclezs at Digital rose only 2 percent durinbg the first nine monthsof 2008, according to the Digital Federapl Credit Union.
Car sales will not improve untio the issueof Detroit’s bailouft and bankruptcy is settled, said George director of automotive research at in Lexington.
Even if (NYSE: GM) and Chryslee (NYSE: DAI) do not file for about 2,000 new-vehicle dealerships in the UniteedStates — which works out to one of every 10 are expected to shutter in 2008 and 2009, accordinyg to a new projection from the in Va. Already close to 10 percent of auto dealers have shut downthis year. More dealerships are expected to close their doors as a result ofsluggisyh new-car sales that were ignited by high gasoline prices and have continued to lag post-Wall Street meltdown because of a huge drop in consume confidence and available credit.
Statse GM dealerships are likely to be amonb the hardest hit because the company has said it will shed or scal back four of itsbrands ( , Saab, Hummer and Saturn) and there’s a greater proliferation of GM dealerships (at least 20 percent of all local dealerships) in the area, accordintg to experts. Last week, in East Wareham becamd one of the latest dealershipsz to file for Chapter11 bankruptcy. The dealership, whicb sells new and used Chevrolets, listed its estimatefd assets at lessthan $50,000 and its estimated liabilitie s as between $500,000 to $1 million. , which provided financing for the dealership toacquire cars, is among the creditors. The dealership did not return calls.
“It’s been a very, very tougy 2008 and so what you have is a lot of dealers who are justhanginfg on, hoping that something different will said Ray Ciccolo, regional director for the Nationakl Automobile Dealers Association. “It’s unfortunate that both the real estate markert and the automobile market are soft at the same because I think if the commercial real estate market was red hot a lot of dealersd would have pulled the plug a long time Ciccolo is also president of the in which operates seven dealerships in the Greater Bostobn area thatmarket , , , and Honda vehicles. He said that salesx at his dealerships are down abouf 30 percent to35 percent.
The main issue for most which may or may not own the land that theysit on, is securingv financing for the cars and trucks they sell. Joe sales manager for Planet Chrysler Jeep Dodgein Franklin, agreexs that the cash crunch is the biggest obstacle for dealershipsd right now. If dealers can’r get cars financed, they will likely have to close he said. Detroit “has been wantingv to lower their dealer numbers for a longtime ... now, this economyt is basically doing the job for Shell said. John Santilli Sr. of in Brockton has takem some drastic measures to ensure his dealership has a good chancsof surviving.
In September, Santilli decided to sell his Dodgd franchise back to Chrysler because therde were too many Dodge dealerships closew to his and the cars werenot “It was a drain,” he said. Now, Santilli’s dealershipl sells Cadillac andNissan cars. Salex are down about 30 percent, but Santilli notesx that his SUV sales have gotten betterd as gas prices have come down and the services side of this business is also abright “The biggest dilemma that we have as dealer s is that the institutions that lend us moneg to floor-plan our inventories — they won’t take on any new business or they’rs asking (dealers) to go find financing Santilli said.
“And in this market, how’s that going to And sales have continuedto nosedive. Total light vehicles sales were down 37 percent in Novemberr over the same monthlast year, according to in Woodcliffd Lake, N.J. Consumers, shying away from new cars, are currentl buying more used vehicles. , the largest Bay State credif unionwith $4.3 billion in assets and 363,00o0 members, reported a 22 percenf increase in the number of loans give n for buying used vehicles. Meanwhile, loans for new vehiclezs at Digital rose only 2 percent durinbg the first nine monthsof 2008, according to the Digital Federapl Credit Union.
Car sales will not improve untio the issueof Detroit’s bailouft and bankruptcy is settled, said George director of automotive research at in Lexington.
Wednesday, October 10, 2012
F.N.B. appoints Campbell as chairman - Charlotte Business Journal:
awipekyhila.blogspot.com
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directofr and serves on several He has been a directorsincd 1975. “Bill is one of our longesf serving and mostdedicated directors,” Gurgovits said in a F.N.B. previously said it wouldf appoint a new chairman to enable Gurgovitsx to focus on his corporate responsibilitiesx and to conformto F.N.B.’s corporate guidelines. who has worked at F.N.B. for 48 years, had takenh the chairman role in April 2008 when Roberg New was named CEO and presidengt after anearly two-year search. New resignecd 10 months later and Gurgovitw stepped back in on an interinmbasis initially. He accepted the post fulltims onJune 2. F.N.B.
is basefd in Hermitage, north of Pittsburgh, and had assets of $8.5 billionh as of March 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directofr and serves on several He has been a directorsincd 1975. “Bill is one of our longesf serving and mostdedicated directors,” Gurgovits said in a F.N.B. previously said it wouldf appoint a new chairman to enable Gurgovitsx to focus on his corporate responsibilitiesx and to conformto F.N.B.’s corporate guidelines. who has worked at F.N.B. for 48 years, had takenh the chairman role in April 2008 when Roberg New was named CEO and presidengt after anearly two-year search. New resignecd 10 months later and Gurgovitw stepped back in on an interinmbasis initially. He accepted the post fulltims onJune 2. F.N.B.
is basefd in Hermitage, north of Pittsburgh, and had assets of $8.5 billionh as of March 31.
Tuesday, October 9, 2012
Bring up the money during job interview - Denver Business Journal:
cahijisebi.wordpress.com
“Companies are leaner and meanerthes days, and they’re trying to cut to the chasew and save themselves, and job some time,” said Drew branch manager of Englewood’s Accountempsd office. “Company managers are dealing with more overqualified applicants than ever andthey don’t want to wait untill the second or third interview to find out that they’rew not even on the same page when it comess to salary.” Accountemps experts also suggest that job candidates look at the biggerd picture, including benefits (health, dental, etc.) and promotionao opportunities. “It’s not all about compensation,” Ostrem said.
Althoughn experts encourage a more aggressive approach to the they warnagainst pitfalls, such as being unprepared and over-- or underestimating leverage. Ostrem said to be sure to discuss your backgrounde and qualifications in full before talkingabout compensation. “You’ve got to establisb your value,” Ostrem said. “If salar y is brought up early on before you establish your it can sour the tone for the rest of the Accountemps also offers free salary guides to compare salary requestes tonational averages.
“Companies are leaner and meanerthes days, and they’re trying to cut to the chasew and save themselves, and job some time,” said Drew branch manager of Englewood’s Accountempsd office. “Company managers are dealing with more overqualified applicants than ever andthey don’t want to wait untill the second or third interview to find out that they’rew not even on the same page when it comess to salary.” Accountemps experts also suggest that job candidates look at the biggerd picture, including benefits (health, dental, etc.) and promotionao opportunities. “It’s not all about compensation,” Ostrem said.
Althoughn experts encourage a more aggressive approach to the they warnagainst pitfalls, such as being unprepared and over-- or underestimating leverage. Ostrem said to be sure to discuss your backgrounde and qualifications in full before talkingabout compensation. “You’ve got to establisb your value,” Ostrem said. “If salar y is brought up early on before you establish your it can sour the tone for the rest of the Accountemps also offers free salary guides to compare salary requestes tonational averages.
Sunday, October 7, 2012
Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - South Florida Business Journal:
humojo.wordpress.com
For the three month ending April 30, whichb Broomfield-based Vail Resorts (NYSE: MTN) regards as its thirdx quarter, the mountain-resort and lodgings company posted earningsof $61.6 million, or $1.687 a share, down from $87.32 million, or $2.24 a share, in the same quarter a year Nevertheless, the company's profits beat Wall Street analysts' predictions. Analystsa on average had expected earningsof $1.56 per Thomson Reuters reported. Vail Resorts reported Q3 revenueof $333.6 million, down 21 percent from the year-agol quarter. Analysts had expected $339.7 million on average. It said operating expenses were down 20 to $198.1 million.
The company has savedf considerably through pay cuts and other Vail Resorts operatesthe Breckenridge, Keystone and Beaver Creek ski areas in Coloradio and Heavenly at Lake Tahoe on the California-Nevadsa line. It also operates , a chainm of luxury hotels. The company said its earnings were helpede by a 26 percent increasein 2008-09 season-pass revenue through increased sales and higher pass But lift-ticket revenue was down 11 perceng and skier visits were off 9 Dining, retail and ski school revenur also declined. Real estats revenue was down 82 percent; the company said it sold only one condpo unit in the quarter versus 17 ayear ago.
The quarterlgy results "were impacted by the continued severe downturn in the driving lower destination visitation in the CEO Rob Katz said in a Vail Resorts said its outlook for the full fiscao year is for earningsof $41 millio n to $51 million. "We are extremely pleased with the significantf increase in our advance sprin g period pass sales for ourupcomint 2009/2010 ski season," Katz .
For the three month ending April 30, whichb Broomfield-based Vail Resorts (NYSE: MTN) regards as its thirdx quarter, the mountain-resort and lodgings company posted earningsof $61.6 million, or $1.687 a share, down from $87.32 million, or $2.24 a share, in the same quarter a year Nevertheless, the company's profits beat Wall Street analysts' predictions. Analystsa on average had expected earningsof $1.56 per Thomson Reuters reported. Vail Resorts reported Q3 revenueof $333.6 million, down 21 percent from the year-agol quarter. Analysts had expected $339.7 million on average. It said operating expenses were down 20 to $198.1 million.
The company has savedf considerably through pay cuts and other Vail Resorts operatesthe Breckenridge, Keystone and Beaver Creek ski areas in Coloradio and Heavenly at Lake Tahoe on the California-Nevadsa line. It also operates , a chainm of luxury hotels. The company said its earnings were helpede by a 26 percent increasein 2008-09 season-pass revenue through increased sales and higher pass But lift-ticket revenue was down 11 perceng and skier visits were off 9 Dining, retail and ski school revenur also declined. Real estats revenue was down 82 percent; the company said it sold only one condpo unit in the quarter versus 17 ayear ago.
The quarterlgy results "were impacted by the continued severe downturn in the driving lower destination visitation in the CEO Rob Katz said in a Vail Resorts said its outlook for the full fiscao year is for earningsof $41 millio n to $51 million. "We are extremely pleased with the significantf increase in our advance sprin g period pass sales for ourupcomint 2009/2010 ski season," Katz .
Saturday, October 6, 2012
Simon Property to manage the Galleria - Dallas Business Journal:
ibitasony.wordpress.com
Indianapolis-based Simon Property Group (NYSE: SPG) said it will take over managemen t duties fromon Aug. 1. The real estatew investment trust, which owns and develop retailreal estate, said Wednesda y it will be assuming all leasing, management and marketingf duties for the Galleria Dallas. "Wr are pleased to take on the property managemenrt functions ofthese high-quality assets at the request of the institutional owner," said Rick Sokolov, Simon's president and chiefg operating officer. The Dallas Business Journal announced earlie in the year that Simonj Property Group had raisef upto $1 billio n in a secondary stock offering to purchases properties.
At the time, therew was speculation that Simon Property, whicgh owns or has a stakew in nearly400 malls, may be a potentialo bidder to manage the Galleria Dallasz with the mall’s previous managere General Growth Properties filing for bankruptcuy earlier this year. Simon Property Group is alreadgy involved in shopping centers such as Grapevine AllenPremium Outlets, Irving Mall and Firewheepl Town Center in Garland.
Indianapolis-based Simon Property Group (NYSE: SPG) said it will take over managemen t duties fromon Aug. 1. The real estatew investment trust, which owns and develop retailreal estate, said Wednesda y it will be assuming all leasing, management and marketingf duties for the Galleria Dallas. "Wr are pleased to take on the property managemenrt functions ofthese high-quality assets at the request of the institutional owner," said Rick Sokolov, Simon's president and chiefg operating officer. The Dallas Business Journal announced earlie in the year that Simonj Property Group had raisef upto $1 billio n in a secondary stock offering to purchases properties.
At the time, therew was speculation that Simon Property, whicgh owns or has a stakew in nearly400 malls, may be a potentialo bidder to manage the Galleria Dallasz with the mall’s previous managere General Growth Properties filing for bankruptcuy earlier this year. Simon Property Group is alreadgy involved in shopping centers such as Grapevine AllenPremium Outlets, Irving Mall and Firewheepl Town Center in Garland.
Friday, October 5, 2012
Low density village may be OK for TIFA site; not an apartment complex, Long ... - New Jersey Hills
esivyjifag.wordpress.com
Low density village may be OK for TIFA site; not an apartment complex, Long ... New Jersey Hills LONG HILL, TWP. â€" A town home village low-density proposal for the TIFA site near the Millington NJ Transit station might be acceptable to the Township Committee, but the revised site plan offered for by Advanced Realty for the TIFA site in early ... |
Wednesday, October 3, 2012
1600 Pacific Building LLP files for Ch. 11 - Dallas Business Journal:
jiqatili.wordpress.com
The partnership 1600 Pacific Buildinhg LP, which is based out of La Jolla, intends to move forward withthe project, attorney Robergt Nicoud, who is an attorneyg for the partnership, confirmed on In the bankruptcy filing, the owner of 1600 Pacific said it has up to 49 creditors and liabilities that fall between $1 million and $10 Nicoud said the building was completelyg vacant and facing foreclosure by its lending bank. He addedf that the source of the owner’xs troubles stems from the threayt of foreclosure and a delay in obtaininfg a combination of tax increment fundinb from the Cityof Dallas.
Curtis Lockey, managedr of the partnership, added that 1600 Pacific Building LP is pursuingg a financing package with the city that will help subsidizsthe project. He added that getting througu the entire process is takinv longer thanthe building's owners had expected. "We are moving fast and furious with our partners alreadhy in place and hope withthe city's supporft and participation we will be able to come out of bankruptcy," said Lockey added that there are varying levels of approvap that the partnership has to go througjh and it expects to meet with city officials by the end of the montn to learn more about the possibility of supplementa l funding.
The project is expected to resulg in 590 multifamily residential units that the partnershiop says will contribute tothe city's goal of creatinf 1,000 affordable units in downtown Dallas.
The partnership 1600 Pacific Buildinhg LP, which is based out of La Jolla, intends to move forward withthe project, attorney Robergt Nicoud, who is an attorneyg for the partnership, confirmed on In the bankruptcy filing, the owner of 1600 Pacific said it has up to 49 creditors and liabilities that fall between $1 million and $10 Nicoud said the building was completelyg vacant and facing foreclosure by its lending bank. He addedf that the source of the owner’xs troubles stems from the threayt of foreclosure and a delay in obtaininfg a combination of tax increment fundinb from the Cityof Dallas.
Curtis Lockey, managedr of the partnership, added that 1600 Pacific Building LP is pursuingg a financing package with the city that will help subsidizsthe project. He added that getting througu the entire process is takinv longer thanthe building's owners had expected. "We are moving fast and furious with our partners alreadhy in place and hope withthe city's supporft and participation we will be able to come out of bankruptcy," said Lockey added that there are varying levels of approvap that the partnership has to go througjh and it expects to meet with city officials by the end of the montn to learn more about the possibility of supplementa l funding.
The project is expected to resulg in 590 multifamily residential units that the partnershiop says will contribute tothe city's goal of creatinf 1,000 affordable units in downtown Dallas.
Tuesday, October 2, 2012
U.S. Bank returns TARP money - Triangle Business Journal:
eragywaqer.wordpress.com
billion in Troubled Asset Relief Program mone y it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announces its plans to redeem the preferred stockk issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasuryt it intends to repurchasethe 10-year warrant it had issuexd along with the preferred stock. “The redemption allows our compan to return to operating from a positio n of both independent strength andstrategic flexibility,” said Richars Davis, the company’s president, CEO and in a statement. The Treasurt in May announced that U.S.
Bank which showed it woulr be able to ride out the economic downturn withoutg having to raisemore capital. Davis has of the government’ss capital purchase program. In February he calledr the program “lousy” and said the banking industry was pressurede to participate inthe program.
billion in Troubled Asset Relief Program mone y it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announces its plans to redeem the preferred stockk issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasuryt it intends to repurchasethe 10-year warrant it had issuexd along with the preferred stock. “The redemption allows our compan to return to operating from a positio n of both independent strength andstrategic flexibility,” said Richars Davis, the company’s president, CEO and in a statement. The Treasurt in May announced that U.S.
Bank which showed it woulr be able to ride out the economic downturn withoutg having to raisemore capital. Davis has of the government’ss capital purchase program. In February he calledr the program “lousy” and said the banking industry was pressurede to participate inthe program.
Subscribe to:
Posts (Atom)