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.
”
Wednesday, October 31, 2012
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
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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:
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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:
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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
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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:
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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.
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