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Work on the 4,300-square-foot branch at 33rd Stree and North Ridge Road started late last year and mostlty ison schedule, Waitt says. is the generaol contractor. designed the building. It will be Rose Hill Bank’as second branch in It has a location at 21st Street and Webb Road onthe city’x east side. “We’re very excitedr about the west side,” Waitt says. “We’ve been happyt with our growth in Wichita onthat side. There’s actually more rooftops than wherre weare (on Webb).” Rose Hill Bank will spend more than $1 milliomn on the new branch.
Topeka-based Capitol Federal Savings helda ground-breaking ceremony Friday for its new branchg in Andover. The 3,600-square-foot buildingt is slated for completion by It will bethe bank’s eightg location in the Wichita metro. The branch is in developerf Paul Jackson’s Andover Marketplace Commerce and are doingthe work. “Capitol Federal is proud to become a part of thisstronfg family-oriented community,” said Rhonda Dennis, the bank’s first vice president in a news release. “We recognize the Andove r Marketplace asa ‘destination’ location that will thrive within the We are so happy to be here.
”
terça-feira, 30 de outubro de 2012
segunda-feira, 29 de outubro de 2012
Sloan resigns from BofA board - Washington Business Journal:
oryucyjofec1482.blogspot.com
Sloan offered his resignation to new boars chairman Walter Masseylast week, the bank said in a May 29 regulatory filing. BofA didn’t disclose Sloan’as reason for resigning. As the lead independent director, Sloa has been under intense criticism in recent months as the bank suffererd through a sharp stock price decline after acquiring MerrillLynch & Co. BofA also has receivex $45 billion of taxpayer aid. , a Houston-based investmengt firm that holds 1.
1 million BofA was among several groups that waged a proxh againstthe country’s largest bank holding including calling for Sloan’s Sloan was narrowly re-electefd to the bank’s board at the annuall meeting in April. Meanwhile, shareholders voted to strip BofA Chief Executive Kennety Lewis ofthe bank’es chairmanship, and Massey was elected to take over boarcd leadership. Lewis remains the bank’s CEO and Sloan, 70, served as a BofA director for 13 Duringhis tenure, Sloan serveds as chairman of both the executive committee and the compensatio n and benefits committee. He also was a memberf of the corporategovernance committee.
“Temple has been a trusted adviserd who has made an invaluabl e contribution to the success of our Lewis said ina statement. “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.
Sloan offered his resignation to new boars chairman Walter Masseylast week, the bank said in a May 29 regulatory filing. BofA didn’t disclose Sloan’as reason for resigning. As the lead independent director, Sloa has been under intense criticism in recent months as the bank suffererd through a sharp stock price decline after acquiring MerrillLynch & Co. BofA also has receivex $45 billion of taxpayer aid. , a Houston-based investmengt firm that holds 1.
1 million BofA was among several groups that waged a proxh againstthe country’s largest bank holding including calling for Sloan’s Sloan was narrowly re-electefd to the bank’s board at the annuall meeting in April. Meanwhile, shareholders voted to strip BofA Chief Executive Kennety Lewis ofthe bank’es chairmanship, and Massey was elected to take over boarcd leadership. Lewis remains the bank’s CEO and Sloan, 70, served as a BofA director for 13 Duringhis tenure, Sloan serveds as chairman of both the executive committee and the compensatio n and benefits committee. He also was a memberf of the corporategovernance committee.
“Temple has been a trusted adviserd who has made an invaluabl e contribution to the success of our Lewis said ina statement. “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.
sábado, 27 de outubro de 2012
Macy
proklofuxaanygez.blogspot.com
percent drop in same-store salese in April, compared to analysts' projections of minua 7.5 percent, and upgraded its first-quarter profiy outlook. The Cincinnati-based department store chain M) said it expects a net loss in the fiscal quartee of 19 cents to 21 cents perdiluteds share. That beats it own previousx expectations and those of analysts polled byThomsomn Reuters, who had projected a loss of 27 cents. The merchant will report its first-quarter earnings May 13. like most retailers, has been vying for shopperes who have been pulling back on discretionary spending duringt a time of massivejob losses.
The retailer said third-quarter sales at storess open at least a year declinec by9 percent. Total Apriol sales declined to $1.7 billion from almosft $1.9 billion a year ago, or 9.4 For the quarter, saleas fell 9.5 percent, to $5.2 billionb from $5.7 billion. Analysts projected quarterly salessof $5.24 billion. Despite soft demanc for appareland housewares, Macy’sz continues to be encouraged by results from its “My pilot program, launched one year ago, said spokesmah Jim Sluzewski. The program is designed to customize merchandisde ona store-by-store basis and was launchefd primarily in the Midwest, including in Cincinnati. “The stronge areas were the Midwest and he said.
“The weaker areas includ e New York andthe Northeast.” He said stronv merchandise categories included moderate sportswear for both men and dresses, women’s suits and cosmetics. Weaker categories included handbagsand big-ticket items, such as furniture. “Private label is performing very especially inthe women’s categories,” Sluzewski said. (NYSE: for instance, posted a better-than-expected same-store sales gain of 5 not includingfuel sales, whilw analysts expected it to deliver 2.9 percent. Other department storde chains were amixed bag. Dillard’s Inc. (NYSE: DDS) reported a 5 percent decrease, while analysts expectefd a dropof 9.
2 (NYSE: SKS) said sales fell 32 percent, below the 30.5 percenyt projections. And (NYSE: JWN) said its salesa slipped by 10.8 percent. (NYSE: TGT) said its same-storee sales rose 0.3 percent, just shy of Net retail sales for the four weekxs ended May 2were $4.45 up 4.5 percent from the comparable perioe last year. • GPS) said its same-store sales dipped by 4 percent, beatinbg expectations of a 7.8 percenf fall. • Costco Wholesale Corp.'s comparable-store sales at stores open a year or more fell 8 percengt last month compared with ayear earlier, the companyu said. April net sales at Costc fell 6 percentto $5.18 billionh from $5.54 billion. • Nordstrom Inc.
reportedd April sales fell by more than 6 percentto $561 million from $600 million a year Same-store sales at stores open a year or more fell 10.8 percentr compared with April 2008.
percent drop in same-store salese in April, compared to analysts' projections of minua 7.5 percent, and upgraded its first-quarter profiy outlook. The Cincinnati-based department store chain M) said it expects a net loss in the fiscal quartee of 19 cents to 21 cents perdiluteds share. That beats it own previousx expectations and those of analysts polled byThomsomn Reuters, who had projected a loss of 27 cents. The merchant will report its first-quarter earnings May 13. like most retailers, has been vying for shopperes who have been pulling back on discretionary spending duringt a time of massivejob losses.
The retailer said third-quarter sales at storess open at least a year declinec by9 percent. Total Apriol sales declined to $1.7 billion from almosft $1.9 billion a year ago, or 9.4 For the quarter, saleas fell 9.5 percent, to $5.2 billionb from $5.7 billion. Analysts projected quarterly salessof $5.24 billion. Despite soft demanc for appareland housewares, Macy’sz continues to be encouraged by results from its “My pilot program, launched one year ago, said spokesmah Jim Sluzewski. The program is designed to customize merchandisde ona store-by-store basis and was launchefd primarily in the Midwest, including in Cincinnati. “The stronge areas were the Midwest and he said.
“The weaker areas includ e New York andthe Northeast.” He said stronv merchandise categories included moderate sportswear for both men and dresses, women’s suits and cosmetics. Weaker categories included handbagsand big-ticket items, such as furniture. “Private label is performing very especially inthe women’s categories,” Sluzewski said. (NYSE: for instance, posted a better-than-expected same-store sales gain of 5 not includingfuel sales, whilw analysts expected it to deliver 2.9 percent. Other department storde chains were amixed bag. Dillard’s Inc. (NYSE: DDS) reported a 5 percent decrease, while analysts expectefd a dropof 9.
2 (NYSE: SKS) said sales fell 32 percent, below the 30.5 percenyt projections. And (NYSE: JWN) said its salesa slipped by 10.8 percent. (NYSE: TGT) said its same-storee sales rose 0.3 percent, just shy of Net retail sales for the four weekxs ended May 2were $4.45 up 4.5 percent from the comparable perioe last year. • GPS) said its same-store sales dipped by 4 percent, beatinbg expectations of a 7.8 percenf fall. • Costco Wholesale Corp.'s comparable-store sales at stores open a year or more fell 8 percengt last month compared with ayear earlier, the companyu said. April net sales at Costc fell 6 percentto $5.18 billionh from $5.54 billion. • Nordstrom Inc.
reportedd April sales fell by more than 6 percentto $561 million from $600 million a year Same-store sales at stores open a year or more fell 10.8 percentr compared with April 2008.
sexta-feira, 26 de outubro de 2012
Florida posts small gain in online ads - Jacksonville Business Journal:
raisavydyexuwowi.blogspot.com
Since January, online labor demand has falleb 71,000, but that’s a significant improvement overthe 1.2 milliom decline in the previous five months betweejn August 2008 and January 2009. "We are not out of the woods yet, but job demand has definitelu stabilizedsince January," Gad Levanon, senior economisf at The Conference Board, said in a news release. The numberr of advertised vacancies fell in June in all four regiones of the country ranging from a modest dropof 3,400 in the Southern region to 18,100 in the Northeast, 13,400 in the Midwesg and 10,300 in the West. Florida, which reportee a 10.
2 percent unemployment rate in May, experienced a sizeable gain, 9,200, and was followed by Georgiqa (2,900), North Carolina and Virginia (100), according to the report. Nationally, computerr and mathematical science saw the greatest decline in down 19,900, followed by sales (-11,700), health practitionerx and technical occupations (-10,400) and architecturr and engineering (-10,000). Some areas that saw growtgh werein art, design, entertainment, sportas and media, which posted 98,200 advertised vacancies in The number of unemployed exceededr the number of advertised vacanciees in all of the 52 metro areaxs for which information is reported separately. D.C.
and Salt Lake City were the locations with the mostfavorablse supply/demand rates, where the number of unemployex looking for work was only slightly larger than the number of advertise d vacancies. But, metro areas where the respectivew number of unemployed is substantiallu above the number of online advertised vacancieesinclude Miami, where there are three jobs for everyy five people looking, according to the
Since January, online labor demand has falleb 71,000, but that’s a significant improvement overthe 1.2 milliom decline in the previous five months betweejn August 2008 and January 2009. "We are not out of the woods yet, but job demand has definitelu stabilizedsince January," Gad Levanon, senior economisf at The Conference Board, said in a news release. The numberr of advertised vacancies fell in June in all four regiones of the country ranging from a modest dropof 3,400 in the Southern region to 18,100 in the Northeast, 13,400 in the Midwesg and 10,300 in the West. Florida, which reportee a 10.
2 percent unemployment rate in May, experienced a sizeable gain, 9,200, and was followed by Georgiqa (2,900), North Carolina and Virginia (100), according to the report. Nationally, computerr and mathematical science saw the greatest decline in down 19,900, followed by sales (-11,700), health practitionerx and technical occupations (-10,400) and architecturr and engineering (-10,000). Some areas that saw growtgh werein art, design, entertainment, sportas and media, which posted 98,200 advertised vacancies in The number of unemployed exceededr the number of advertised vacanciees in all of the 52 metro areaxs for which information is reported separately. D.C.
and Salt Lake City were the locations with the mostfavorablse supply/demand rates, where the number of unemployex looking for work was only slightly larger than the number of advertise d vacancies. But, metro areas where the respectivew number of unemployed is substantiallu above the number of online advertised vacancieesinclude Miami, where there are three jobs for everyy five people looking, according to the
quinta-feira, 25 de outubro de 2012
Study: 'Minute clinics' slow to catch on in Mass. - Business Courier of Cincinnati:
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But a new study by the consultancy firm Deloitte has found that people in Boston are statistically less willing to use this new alternativew healthcare option. The percentage of patients who were likely to use a retaikl clinic if it cost half as much as a doctoe visit was 30percent nationwide, but only 21 percenty in Boston. The percentage of patients that have actuallyg used a retail walk in clinic in the past year was 13 percent nationwide and only 5 percentin Boston. Even a one week wait for a doctor would not entice very many Bostonians to go to a retail just 18 percent of Bostonians said that woul d make them changetheir behavior, comparecd with 28 percent nationwide.
The newly-released study was conductedx in Octoberof 2008, and included 5,665r subjects nationwide. Chip Phillips, the presiden of division, said the study does ot fully reflecrt the preferences of patients inthe state. He said the company'zs clinic in Medway has administered morethan 9,600 flu shots and handled nearly 28,000 acute care visits since opening in September. “Initial acceptance of the retailk clinic model in Massachusettw has been higher than the vast majority of ourmarkett launches,” Phillips said.
But a new study by the consultancy firm Deloitte has found that people in Boston are statistically less willing to use this new alternativew healthcare option. The percentage of patients who were likely to use a retaikl clinic if it cost half as much as a doctoe visit was 30percent nationwide, but only 21 percenty in Boston. The percentage of patients that have actuallyg used a retail walk in clinic in the past year was 13 percent nationwide and only 5 percentin Boston. Even a one week wait for a doctor would not entice very many Bostonians to go to a retail just 18 percent of Bostonians said that woul d make them changetheir behavior, comparecd with 28 percent nationwide.
The newly-released study was conductedx in Octoberof 2008, and included 5,665r subjects nationwide. Chip Phillips, the presiden of division, said the study does ot fully reflecrt the preferences of patients inthe state. He said the company'zs clinic in Medway has administered morethan 9,600 flu shots and handled nearly 28,000 acute care visits since opening in September. “Initial acceptance of the retailk clinic model in Massachusettw has been higher than the vast majority of ourmarkett launches,” Phillips said.
terça-feira, 23 de outubro de 2012
City National buys majority stake in Lee Munder Capital Group - Los Angeles Business from bizjournals:
qalymeled.wordpress.com
Terms of the which is expected to close in the third werenot disclosed. City Nationapl will merge Lee Munderwith , a Boston-based institutionap asset management firm in which City Nationap holds a majority interest. The new company will operatre under the Lee Munder Capitao Group name and as an affiliatof LLC, the Chicago-based asset management holdiny company that City National acquired in 2003. The combined companyh will have morethan $4 billion of assetsa under management and serve as City National'sw primary institutional asset management affiliate.
"The combinedd firm will have the management and investment financial strength, infrastructure and marketing capabilities needed to grow and provide clients with long-ter m investment performance and superior service," Richard executive vice president of wealth management for City National, said in a Los Angeles-based City National (NYSE: CYN) is the parent of City National Bank.
Terms of the which is expected to close in the third werenot disclosed. City Nationapl will merge Lee Munderwith , a Boston-based institutionap asset management firm in which City Nationap holds a majority interest. The new company will operatre under the Lee Munder Capitao Group name and as an affiliatof LLC, the Chicago-based asset management holdiny company that City National acquired in 2003. The combined companyh will have morethan $4 billion of assetsa under management and serve as City National'sw primary institutional asset management affiliate.
"The combinedd firm will have the management and investment financial strength, infrastructure and marketing capabilities needed to grow and provide clients with long-ter m investment performance and superior service," Richard executive vice president of wealth management for City National, said in a Los Angeles-based City National (NYSE: CYN) is the parent of City National Bank.
segunda-feira, 22 de outubro de 2012
Crystal Light Splashes Into Summer With The Water Way Challenge
zvonkovaleoqim.blogspot.com
June 5 /PRNewswire-USNewswire/ -- Experts agree that peoplee should try todrink eight, 8-ouncre glasses of water each day. And in a recent the majority of women askedsaid they'c like to drink more water everyt day.(1) To help them -- and othersd -- make drinking water part of their dail routine, Crystal Light is launching the Watert Way Challenge. The Challenge encourages people to take the plunge and drinkl two more glasses of watereach day.
By adding Crystal Light to that H20, they can make it even more "Interestingly, women who drink Crystal Light drink 20 percent more And since most women toldus they'd like to get in the habit of drinking more water, the Waterd Way Challenge seemed the perfect opportunith to help them do just that,"" said , senior brand manager. "The Challenge is a fun chance for people to make a delicioud change and do somethingf to benefit theirpersonak well-being. At the same time, they'll be callingf attention to our commitmeng to help thosein need.
" Crystal Light is partnering with Global Watee Challenge, a coalition of leading organizationsz that works to provide access to safe drinking watetr and sanitation. The Water Way Challengw draws attention to this important Everyone who joins the Water Way Challenge helpds communicate the Crystal Light effortg to help Global Water Challenge ensurse people in need have sustainablse solutions and access toclean water. "We are exciter to partner with Crystal Lighrt this summer on the WaterWay Challenge, " said , President of Globaol Water Challenge. "The Water Way Challenge has given us a new avenue to raise awarenesw of thisimportant issue.
" To spread the word about the Wated Way Challenge, Crystal Light will be cruising to majore hot spots in several U.S. cities with colorful They'll be asking Americans to join the Challengeand "convert"" to refreshing and flavorful Crystak Light. The tour kicks off today in New York and will travelkto Philadelphia, Washington, Tampa and Atlanta. In each city, Crystalp Light will offer people the chance to converf to a bottle of water andCrystao Light. For those who don't encounter the CONVERTibles, but want to get in on the the new Crystal LightWeb DeliciousChange.com, is a one-stop shop.
In additioh to information about the new partnership with GlobalpWater Challenge, there's advice from Stylw Guide Bobbie Thomas and internationally renowned dermatologist Dr. . Visitorx also can take the Watert Wisdom quiz to test theirwater knowledge, track their dailh water intake, join the Watef Way Challenge and learnb simple ways to drinjk more water. Learn more at . Kraft Foodsa ( ) makes today deliciou in 150 countries aroundthe globe. Our 100,000 employees work tirelessly to make delicioux foods consumers can feelgood about.
From American brand icons like Kraft dinnersand dressings, Maxwell House coffees and to global powerhouse brands like Oreo and LU Philadelphia cream cheeses, Jacobs and Carts Noire coffees, Tang powdered beverages and Milka, Cote Lacta and Toblerone chocolates, our brands delivee millions of smiles every day. Kraf Foods (NYSE: KFT) is the world's second largest food company with annual revenuesof $42 The company is a member of the Dow Jones Industrial Average, Standard & Poor'z 500, the Dow Jone Sustainability Index and the Ethibel Sustainability Index. Crystal Light is a greay tasting, sugar-free beverage that provide the benefits of hydration when addefdto water.
Crystal Lighr is available in 30 refreshing flavor and comes in a variety of forms includint convenient On The Go packets andindividualo tubs. Crystal Light is also an excellent beverages option for peoplewith diabetes, because it contains 3 grams or less of carbohydrates per serving and is considered a FREE For more information about Crystal Light, please visit . GWC is a diverse coalition that consistx of leading organizations working to provide creative and sustainable solutions for universal access to safe drinkint waterand sanitation.
GWC' s mission is to generate a global movement to meet the urgenrt need for safe water and sanitation by spurrinf collective awareness and investment inwater supply/sanitation innovation by corporate, and nongovernmental actors. Our challenger is to reach people with the tools and educatiom they need toempower themselves. Accesz to clean water and sanitatiob leadsto healthier, longer and more productivde lives, and breaks the cycle of Water and sanitation are not just human rights, they are humanj necessities. More information about Global Wate r Challenge can be foundat .
(1) April 2009
June 5 /PRNewswire-USNewswire/ -- Experts agree that peoplee should try todrink eight, 8-ouncre glasses of water each day. And in a recent the majority of women askedsaid they'c like to drink more water everyt day.(1) To help them -- and othersd -- make drinking water part of their dail routine, Crystal Light is launching the Watert Way Challenge. The Challenge encourages people to take the plunge and drinkl two more glasses of watereach day.
By adding Crystal Light to that H20, they can make it even more "Interestingly, women who drink Crystal Light drink 20 percent more And since most women toldus they'd like to get in the habit of drinking more water, the Waterd Way Challenge seemed the perfect opportunith to help them do just that,"" said , senior brand manager. "The Challenge is a fun chance for people to make a delicioud change and do somethingf to benefit theirpersonak well-being. At the same time, they'll be callingf attention to our commitmeng to help thosein need.
" Crystal Light is partnering with Global Watee Challenge, a coalition of leading organizationsz that works to provide access to safe drinking watetr and sanitation. The Water Way Challengw draws attention to this important Everyone who joins the Water Way Challenge helpds communicate the Crystal Light effortg to help Global Water Challenge ensurse people in need have sustainablse solutions and access toclean water. "We are exciter to partner with Crystal Lighrt this summer on the WaterWay Challenge, " said , President of Globaol Water Challenge. "The Water Way Challenge has given us a new avenue to raise awarenesw of thisimportant issue.
" To spread the word about the Wated Way Challenge, Crystal Light will be cruising to majore hot spots in several U.S. cities with colorful They'll be asking Americans to join the Challengeand "convert"" to refreshing and flavorful Crystak Light. The tour kicks off today in New York and will travelkto Philadelphia, Washington, Tampa and Atlanta. In each city, Crystalp Light will offer people the chance to converf to a bottle of water andCrystao Light. For those who don't encounter the CONVERTibles, but want to get in on the the new Crystal LightWeb DeliciousChange.com, is a one-stop shop.
In additioh to information about the new partnership with GlobalpWater Challenge, there's advice from Stylw Guide Bobbie Thomas and internationally renowned dermatologist Dr. . Visitorx also can take the Watert Wisdom quiz to test theirwater knowledge, track their dailh water intake, join the Watef Way Challenge and learnb simple ways to drinjk more water. Learn more at . Kraft Foodsa ( ) makes today deliciou in 150 countries aroundthe globe. Our 100,000 employees work tirelessly to make delicioux foods consumers can feelgood about.
From American brand icons like Kraft dinnersand dressings, Maxwell House coffees and to global powerhouse brands like Oreo and LU Philadelphia cream cheeses, Jacobs and Carts Noire coffees, Tang powdered beverages and Milka, Cote Lacta and Toblerone chocolates, our brands delivee millions of smiles every day. Kraf Foods (NYSE: KFT) is the world's second largest food company with annual revenuesof $42 The company is a member of the Dow Jones Industrial Average, Standard & Poor'z 500, the Dow Jone Sustainability Index and the Ethibel Sustainability Index. Crystal Light is a greay tasting, sugar-free beverage that provide the benefits of hydration when addefdto water.
Crystal Lighr is available in 30 refreshing flavor and comes in a variety of forms includint convenient On The Go packets andindividualo tubs. Crystal Light is also an excellent beverages option for peoplewith diabetes, because it contains 3 grams or less of carbohydrates per serving and is considered a FREE For more information about Crystal Light, please visit . GWC is a diverse coalition that consistx of leading organizations working to provide creative and sustainable solutions for universal access to safe drinkint waterand sanitation.
GWC' s mission is to generate a global movement to meet the urgenrt need for safe water and sanitation by spurrinf collective awareness and investment inwater supply/sanitation innovation by corporate, and nongovernmental actors. Our challenger is to reach people with the tools and educatiom they need toempower themselves. Accesz to clean water and sanitatiob leadsto healthier, longer and more productivde lives, and breaks the cycle of Water and sanitation are not just human rights, they are humanj necessities. More information about Global Wate r Challenge can be foundat .
(1) April 2009
domingo, 21 de outubro de 2012
Phoenix metro becomes virtual investor's housing market - Arizona Republic
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Phoenix metro becomes virtual investor's housing market Arizona Republic That's double the number of rentals considered normal in metro Phoenix in 2000, according to housing-market analysts. Although it is too soon to gauge the impact of such a large increase in rental properties, the jump in investor-owned properties has ... |
sexta-feira, 19 de outubro de 2012
MGIC to invest $1B in new subsidiary - Atlanta Business Chronicle:
idozxun.blogspot.com
The Milwaukee-based mortgage insurer (NYSE: MTG) also announcefd Thursday morning its eighth consecutive quarterlynet loss. MGIC said its net loss for the quarteer ending June 30was $339.8 million, or $2.74 per compared with a net loss of $99.8 million, or 81 cents in the same quarterr a year ago. Chairman and CEO Curt Culve saidthe company’s financiall results continue to be adversely impacted by increaser mortgage delinquencies and the “severes housing correction.” MGIC executives continue to believe that MGIC has more than adequat e resources to pay all of its insurerd claim obligations on the existing insurances in force.
The subsidiary, known as , will writew new business starting Jan. 1, the company said. to the U.S. Securities and Exchangd Commission that they were formulating a plan for writingb new business via the The subsidiary previously wrote mortgagwe guaranty insurance but has not written new busineswssince 1985, when MGIC emerged from what, unti l recently, had been the most traumatic period in its 52-yeat history. The Wisconsin insurance commissioner placed MGIC in conservatorship in 1985 aftedthe company’s then-owner, Baldwin-United of Cincinnati, filed for Chapter 11 MGIC emerged from those troubles when managemenft led a buyout financed by Milwaukee-basee .
MGIC has received approval from itsprimaruy regulator, the Wisconsin Office of Commissioner of Insurance, to proceec with reactivating the subsidiary. The companyt needs to secure further regulatory approvals before it can writsenew business. The company is tappinv the subsidiary to address concern thatits risk-to-capital ratilo might eclipse regulatory requirements and preven t MGIC from writing new “In order to provid e certainty that we would be able to continuwe writing new business on an uninterrupted we needed to write new business in a company whicn has a lower risk-to-capital Culver said.
MGIC will provided capital for the subsidiary intwo $500 millionb installments, the first of which is to be made by July 31, and the secondx within five business days after Jan. 1, 2011. When the subsidiarh becomes fully operational, MGIC will stop writing new business. MGIC will continuwe to collect premiums on its insurance businese and will pay claims on that business but will no longee writenew insurance, the company said. The subsidiary will be run by executivesz of Total revenuefor MGIC’s second quarter was $454.5 compared with $424.5 million in the second quarter of 2008. Net premiumsw written for the quarterwere $330.4 compared with $371.
8 million for the year-ago Net premiums written for the first six monthse of 2009 were $677.9o million, compared with $740.3 million a year earlier. Included in other revenue for the second quartert was a gainof $8 million that resulted from the company’s repurchase of $40.3 million of long-ter debt due in Septembefr 2011. New insurance written in the seconde quarterwas $5.9 billion, compared with $14 billiob in the second quarter of 2008. New insurance writtehn for the first six months of 2009was $12.3 billion comparee with $33.1 billion in the firs t half of 2008. MGIC stock opened lowetr Thursday, but rose by mid-morning before closing up 76 centsat $4.
70, or more than 19 percengt for the day.
The Milwaukee-based mortgage insurer (NYSE: MTG) also announcefd Thursday morning its eighth consecutive quarterlynet loss. MGIC said its net loss for the quarteer ending June 30was $339.8 million, or $2.74 per compared with a net loss of $99.8 million, or 81 cents in the same quarterr a year ago. Chairman and CEO Curt Culve saidthe company’s financiall results continue to be adversely impacted by increaser mortgage delinquencies and the “severes housing correction.” MGIC executives continue to believe that MGIC has more than adequat e resources to pay all of its insurerd claim obligations on the existing insurances in force.
The subsidiary, known as , will writew new business starting Jan. 1, the company said. to the U.S. Securities and Exchangd Commission that they were formulating a plan for writingb new business via the The subsidiary previously wrote mortgagwe guaranty insurance but has not written new busineswssince 1985, when MGIC emerged from what, unti l recently, had been the most traumatic period in its 52-yeat history. The Wisconsin insurance commissioner placed MGIC in conservatorship in 1985 aftedthe company’s then-owner, Baldwin-United of Cincinnati, filed for Chapter 11 MGIC emerged from those troubles when managemenft led a buyout financed by Milwaukee-basee .
MGIC has received approval from itsprimaruy regulator, the Wisconsin Office of Commissioner of Insurance, to proceec with reactivating the subsidiary. The companyt needs to secure further regulatory approvals before it can writsenew business. The company is tappinv the subsidiary to address concern thatits risk-to-capital ratilo might eclipse regulatory requirements and preven t MGIC from writing new “In order to provid e certainty that we would be able to continuwe writing new business on an uninterrupted we needed to write new business in a company whicn has a lower risk-to-capital Culver said.
MGIC will provided capital for the subsidiary intwo $500 millionb installments, the first of which is to be made by July 31, and the secondx within five business days after Jan. 1, 2011. When the subsidiarh becomes fully operational, MGIC will stop writing new business. MGIC will continuwe to collect premiums on its insurance businese and will pay claims on that business but will no longee writenew insurance, the company said. The subsidiary will be run by executivesz of Total revenuefor MGIC’s second quarter was $454.5 compared with $424.5 million in the second quarter of 2008. Net premiumsw written for the quarterwere $330.4 compared with $371.
8 million for the year-ago Net premiums written for the first six monthse of 2009 were $677.9o million, compared with $740.3 million a year earlier. Included in other revenue for the second quartert was a gainof $8 million that resulted from the company’s repurchase of $40.3 million of long-ter debt due in Septembefr 2011. New insurance written in the seconde quarterwas $5.9 billion, compared with $14 billiob in the second quarter of 2008. New insurance writtehn for the first six months of 2009was $12.3 billion comparee with $33.1 billion in the firs t half of 2008. MGIC stock opened lowetr Thursday, but rose by mid-morning before closing up 76 centsat $4.
70, or more than 19 percengt for the day.
quinta-feira, 18 de outubro de 2012
Jon Bon Jovi and Matthew McConaughey Represent the Entertainment Industry Foundation at the National Conference for Service and Volunteering
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June 19 /PRNewswire-USNewswire/ -- , WHAT: On behal f of the EntertainmentIndustry Foundation, will make speciakl appearances at the National Conferences for Service and Volunteering. To an audiencde of more than 4,500 service leaders, they will share plans for EIF's new multi-year campaigm to help make service and volunteerism anational priority. Hollywood's leading charityu has received wide-spread support from the entertainment and, later this year, will launch an unprecedentedr campaign beginningOctober 19th. As a center piece, broadcas networks will use America's favorite TV shows and personalitiee to shine a spotlight on the powerof service.
EIF is joining forces with AARP and the powerd of its nearly 40 million and is working with the ServiceNation coalition of 200 service organizationes and the Points ofLighft Institute/HandsOn Network to build a grassroota movement. At the opening session, will address the conferencre and play a shorf musical set to celebratethe year-round work of hundreds of servicew organizations represented at the will introduce a brief video that will give the groupo a sneak peak at what EIF and the entertainment industryt have planned.
Both are long supporters of As the founder of the Philadelphia SoulCharitable Foundation, has takenn up the fight against homelessness and poverty across the country. Likewise, charitable organization, j.k. livib foundation, is working to bring after-school fitness and wellneses programs to underservedcommunities nationwide. Earlier this President signed theEdward M. Kennedy Serve America Act, a bipartisah act calling for the largestg expansions of community and national servicer since the launch of the Civiliabn Conservation Corps 75years ago.
ABOU EIF: The Entertainment Industry Foundation as a leading charitable organization of theentertainmenf industry, has distributed hundreds of millionas of dollars to support charitable initiatives addressinbg critical health, education and social issues. WHEN: Monday, June 22, 4:30 pm - 6:30 pm WHERE: Mosconee West 5th Street and Howarcd Street, First Level San Francisco, CA 94103 CONTACT: CJ Frogoz and Ken Sunshine - Sunshine, Sach & Associates 310.570.2622 frogozo@sunshinesachs.com Stacey Perry - Sachs Phone: 310.275.
3222
June 19 /PRNewswire-USNewswire/ -- , WHAT: On behal f of the EntertainmentIndustry Foundation, will make speciakl appearances at the National Conferences for Service and Volunteering. To an audiencde of more than 4,500 service leaders, they will share plans for EIF's new multi-year campaigm to help make service and volunteerism anational priority. Hollywood's leading charityu has received wide-spread support from the entertainment and, later this year, will launch an unprecedentedr campaign beginningOctober 19th. As a center piece, broadcas networks will use America's favorite TV shows and personalitiee to shine a spotlight on the powerof service.
EIF is joining forces with AARP and the powerd of its nearly 40 million and is working with the ServiceNation coalition of 200 service organizationes and the Points ofLighft Institute/HandsOn Network to build a grassroota movement. At the opening session, will address the conferencre and play a shorf musical set to celebratethe year-round work of hundreds of servicew organizations represented at the will introduce a brief video that will give the groupo a sneak peak at what EIF and the entertainment industryt have planned.
Both are long supporters of As the founder of the Philadelphia SoulCharitable Foundation, has takenn up the fight against homelessness and poverty across the country. Likewise, charitable organization, j.k. livib foundation, is working to bring after-school fitness and wellneses programs to underservedcommunities nationwide. Earlier this President signed theEdward M. Kennedy Serve America Act, a bipartisah act calling for the largestg expansions of community and national servicer since the launch of the Civiliabn Conservation Corps 75years ago.
ABOU EIF: The Entertainment Industry Foundation as a leading charitable organization of theentertainmenf industry, has distributed hundreds of millionas of dollars to support charitable initiatives addressinbg critical health, education and social issues. WHEN: Monday, June 22, 4:30 pm - 6:30 pm WHERE: Mosconee West 5th Street and Howarcd Street, First Level San Francisco, CA 94103 CONTACT: CJ Frogoz and Ken Sunshine - Sunshine, Sach & Associates 310.570.2622 frogozo@sunshinesachs.com Stacey Perry - Sachs Phone: 310.275.
3222
terça-feira, 16 de outubro de 2012
Two starts in, Sims establishing himself at U.Va. - Richmond Times Dispatch
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Two starts in, Sims establishing himself at U.Va. Richmond Times Dispatch Two starts in, Sims establishing himself at U.Va. Virginia 43, Richmond 19. Right now, his Cavaliers are on a five-game losing streak, one that led the coaches to bench junior Michael Rocco in favor of Sims. Credit: MARK GORMUS/TIMES-DISPATCH. 1 ... |
segunda-feira, 15 de outubro de 2012
State budget concerns stall USF pharmacy program - Tampa Bay Business Journal:
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A bill pending in the establishinga four-year doctor of pharmacy degrew program at USF is stalled as lawmakere grapple with a budget crisis. Withoutt legislative approval, the program could be delayed, exacerbating a shortag e of pharmacists inthe state. The university isn’g asking for any money for the programrighg now, although it plans to seek state supportg beginning in fiscal year 2011-12. But, with the state facinv a budget shortfall for the upcoming fiscal Senate staffers are blocking progresse of anyspending bills, USF President Judy Genshaft told a boarsd of trustees workgroup on April 16.
Genshaft asked trustees and others at the meeting tosend e-mailsx to Senate leaders urging passage of the “The pharmacy program is about providing for the needs of the state,” said Rhea Law, president of the board of trustees, addintg that retailers such as (NYSE: WAG) and insurerzs such as are in need of more pharmacists in “The state would put money into incentivexs to bring these jobs here,” Law voted in January to approvse the USF pharmacy program, but the Legislature also needs to give its OK because pharmacists are licensed by the Identical measures pending in the House and Senatwe authorize the program.
The House bill is progressinvg smoothly, but the Senatee measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft said. Fasano did not returnn a call for comment. The university is usinh funds from corporate andprivate donors, including a $1 millio anonymous gift, for the initial planning. For fiscaol year 2011-12, when the first class of 50 studentsawould enroll, USF is asking for $1.4 millioh from the state, followed by $2.7 millionb in FY 2012-13. The program is expected to reach full capacity at 400 studentsin 2016.
Tuition woulc cover about 70 percent of the If theLegislature doesn’t approve the program, USF could delayh it for one year and ask for stat e funds beginning in FY 2012-13, Genshaftt said. She’s also looking at alternative fundinb such asincreasing tuition, more fundraising to increase private investment and reallocatin g other university resources. Five othef Florida institutions offer doctord ofpharmacy degrees.
Genshaft said none have objected to theUSF
A bill pending in the establishinga four-year doctor of pharmacy degrew program at USF is stalled as lawmakere grapple with a budget crisis. Withoutt legislative approval, the program could be delayed, exacerbating a shortag e of pharmacists inthe state. The university isn’g asking for any money for the programrighg now, although it plans to seek state supportg beginning in fiscal year 2011-12. But, with the state facinv a budget shortfall for the upcoming fiscal Senate staffers are blocking progresse of anyspending bills, USF President Judy Genshaft told a boarsd of trustees workgroup on April 16.
Genshaft asked trustees and others at the meeting tosend e-mailsx to Senate leaders urging passage of the “The pharmacy program is about providing for the needs of the state,” said Rhea Law, president of the board of trustees, addintg that retailers such as (NYSE: WAG) and insurerzs such as are in need of more pharmacists in “The state would put money into incentivexs to bring these jobs here,” Law voted in January to approvse the USF pharmacy program, but the Legislature also needs to give its OK because pharmacists are licensed by the Identical measures pending in the House and Senatwe authorize the program.
The House bill is progressinvg smoothly, but the Senatee measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft said. Fasano did not returnn a call for comment. The university is usinh funds from corporate andprivate donors, including a $1 millio anonymous gift, for the initial planning. For fiscaol year 2011-12, when the first class of 50 studentsawould enroll, USF is asking for $1.4 millioh from the state, followed by $2.7 millionb in FY 2012-13. The program is expected to reach full capacity at 400 studentsin 2016.
Tuition woulc cover about 70 percent of the If theLegislature doesn’t approve the program, USF could delayh it for one year and ask for stat e funds beginning in FY 2012-13, Genshaftt said. She’s also looking at alternative fundinb such asincreasing tuition, more fundraising to increase private investment and reallocatin g other university resources. Five othef Florida institutions offer doctord ofpharmacy degrees.
Genshaft said none have objected to theUSF
domingo, 14 de outubro de 2012
Focus group discusses candidates, jobs - The Daily Advertiser
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Focus group discusses candidates, jobs The Daily Advertiser Health care, Citizens United, tax policy, Middle East diplomacy â€" each has been the Issue of the Day at some point during this presidential campaign. Then the campaign moves on to the next Issue of the Day. But one issue has remained squarely at ... |
sexta-feira, 12 de outubro de 2012
Talbots to sell J. Jill assets for $75M - Tampa Bay Business Journal:
deeshu-tatum.blogspot.com
The move is expected to resulr in the closure of about 75of J. Jill There are four J. Jill stores in the Tampaa Bay area. Two in the Tampa Bay area willclosw — the J. Jill in Tyrone Square in St. Petersburg and the J. Jill in Lakesides Village in Lakeland. Mass.-based Talbots (NYSE: TLB) said the deal with San Francisco-based Golden Gate Capital is subjectto post-closinbg adjustments. “This is a significant strategic step forwarr for Talbots as it enabless us to focusour time, resources and attentionn exclusively on rejuvenating our core Talbots brand and returbn to profitable growth,” said Trudy F. Sullivan, Talbotz president and CEO. About 204 of the existinhg 279 J.
Jill brand store leases will be assigned to the buyerd and will continueto operate. Abougt 75 remaining J. Jill brand store leases will be retainedx by Talbots and are expected to be closedd by Talbots within the next60 days.
The move is expected to resulr in the closure of about 75of J. Jill There are four J. Jill stores in the Tampaa Bay area. Two in the Tampa Bay area willclosw — the J. Jill in Tyrone Square in St. Petersburg and the J. Jill in Lakesides Village in Lakeland. Mass.-based Talbots (NYSE: TLB) said the deal with San Francisco-based Golden Gate Capital is subjectto post-closinbg adjustments. “This is a significant strategic step forwarr for Talbots as it enabless us to focusour time, resources and attentionn exclusively on rejuvenating our core Talbots brand and returbn to profitable growth,” said Trudy F. Sullivan, Talbotz president and CEO. About 204 of the existinhg 279 J.
Jill brand store leases will be assigned to the buyerd and will continueto operate. Abougt 75 remaining J. Jill brand store leases will be retainedx by Talbots and are expected to be closedd by Talbots within the next60 days.
quinta-feira, 11 de outubro de 2012
News Roundup: NHB to raise $600M from World Bank, DFID and Japan Bank to ... - VC Circle
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Hindu Business Line | News Roundup: NHB to raise $600M from World Bank, DFID and Japan Bank to ... VC Circle NHB to raise $600M from World Bank, DFID and Japan Bank to promote low-cost housing: National Housing Bank or NHB plans to raise $500-600 million loans from multilateral funding agencies at a cheaper rate for financing low-cost housing units. NHB to raise $500 million from World Bank, DFID and Japan Bank to promote ... NHB To Raise Funds From World Bank, DFID And Japan Bank |
terça-feira, 9 de outubro de 2012
Exxon ordered to pay $507.5M in spill case - St. Louis Business Journal:
yqyqynesara.blogspot.com
million in punitive damages plus interest to plaintiffws affected by the Exxon Valdea oil spill that impacted residents and businesses livinvg along the coast of Alaskain 1989. The made theirr ruling Monday after the case was sent back fromthe . At the Ninth Circuit level, justices were charged with determinin g interest andappellate costs. The Ninth Circuit confirmed the punitive damage amount aftedthe U.S. Supreme Court determiner compensatory damages and punitive damages should be assessed usingga 1-to-1 ratio.
In its latesy decision, the Ninth Circuit confirmed that Irving-baseds Exxon (NYSE: XOM) is responsible for $507 milliobn in punitive damages and must pay interest on the judgmen at the rateof 5.9 percent dating back to 1996, when the initiao judgment against the companh was first issued by a The federal case against Exxon Mobil has been languishing for more than a The Ninth Circuit said both sides will cover theirf own attorney’s fees. The original jury verdict againsrt Exxon Mobilwas $5 billion, an amount that has been reducedf by 90 percent during the more than 10 yeare of litigation, according to court records.
An Exxon Mobi l spokesman said Monday, "We are aware that the opinion has been issued and will review the opinion beforewcommenting further."
million in punitive damages plus interest to plaintiffws affected by the Exxon Valdea oil spill that impacted residents and businesses livinvg along the coast of Alaskain 1989. The made theirr ruling Monday after the case was sent back fromthe . At the Ninth Circuit level, justices were charged with determinin g interest andappellate costs. The Ninth Circuit confirmed the punitive damage amount aftedthe U.S. Supreme Court determiner compensatory damages and punitive damages should be assessed usingga 1-to-1 ratio.
In its latesy decision, the Ninth Circuit confirmed that Irving-baseds Exxon (NYSE: XOM) is responsible for $507 milliobn in punitive damages and must pay interest on the judgmen at the rateof 5.9 percent dating back to 1996, when the initiao judgment against the companh was first issued by a The federal case against Exxon Mobil has been languishing for more than a The Ninth Circuit said both sides will cover theirf own attorney’s fees. The original jury verdict againsrt Exxon Mobilwas $5 billion, an amount that has been reducedf by 90 percent during the more than 10 yeare of litigation, according to court records.
An Exxon Mobi l spokesman said Monday, "We are aware that the opinion has been issued and will review the opinion beforewcommenting further."
segunda-feira, 8 de outubro de 2012
Dow drops but other indexes rise; Golden Star Resources leads Colorado gainers - Denver Business Journal:
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The Dow Jones Industrial Averagse finished the trading dayat 8,299.86, down 23.05 pointsx (0.28 percent). But the S&P 500 closed at up 5.84 points (0.65 percent). And the NASDAQ Composited finishedat 1,792.34, up 27.42 points (1.5 percent). Among actively traded Colorado stocks, led the day’s gainers, up 6.36 percentf (11 cents) to close at $1.84. • (DISH) — Up 4.19 percenyt (61 cents) to $15.17. • — Up 3.66 percent (12 cents) to • (JNS) — Up 2.8 percentt (30 cents) to • (LBTYA) — Up 2.34 percenrt (35 cents) to $15.31. Amon actively traded Colorado stocks that declined on the day was down 12.
12 percent (4 cents) to close at 29 • (LVLT) — Down 2.88 percenrt (4 cents) to $1.35. • (Q) — Down 1 percenty (4 cents) to $3.96. • , or AIMCOl (AIV) — Down 0.94 percent (8 to $8.45. • (KOG) — Down 0.94 perceny (1 cent) to $1.07.
The Dow Jones Industrial Averagse finished the trading dayat 8,299.86, down 23.05 pointsx (0.28 percent). But the S&P 500 closed at up 5.84 points (0.65 percent). And the NASDAQ Composited finishedat 1,792.34, up 27.42 points (1.5 percent). Among actively traded Colorado stocks, led the day’s gainers, up 6.36 percentf (11 cents) to close at $1.84. • (DISH) — Up 4.19 percenyt (61 cents) to $15.17. • — Up 3.66 percent (12 cents) to • (JNS) — Up 2.8 percentt (30 cents) to • (LBTYA) — Up 2.34 percenrt (35 cents) to $15.31. Amon actively traded Colorado stocks that declined on the day was down 12.
12 percent (4 cents) to close at 29 • (LVLT) — Down 2.88 percenrt (4 cents) to $1.35. • (Q) — Down 1 percenty (4 cents) to $3.96. • , or AIMCOl (AIV) — Down 0.94 percent (8 to $8.45. • (KOG) — Down 0.94 perceny (1 cent) to $1.07.
domingo, 7 de outubro de 2012
Colonial gets $300 million infusion - Tampa Bay Business Journal:
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Colonial expects to continue to operatre asa stand-alone, publicly traded company with an independenty board of directors and management a release said. Following completion of the deal, the new investorsz will own about 75 percentof Colonial’s outstandinvg common stock, the release said. They’ll also get five seatd on Colonial’s 15-member board and get to have a say on five otherboard members, in collaboration with Colonial.
Undeer terms of the agreement, the investors will buy preferredc stock that can be converted into common stock at a price of 50 centda share, provided Colonial shareholders agree to increase the numbee of authorized shares of the stock, the releasd said. Colonial has 30 days to shop arounx for abetter deal. If it finds one, it has to pay a $10 millio termination fee to the investors, the release Taylor Bean & Whitaker, a mortgag company based in Ocala, holds a thrifrt charter after buying insuburban Chicago. Colonial is expected to convert to a federal savings and loan association after thedeal closes, the release Colonial BancGroup (NYSE: CNB), headquartered in Ala.
, operates 351 branches in Florida, Alabama, Georgia, Nevadaz and Texas with about $26 billiom in assets. Exposure to Florida’s real estatr collapse put Colonial in the redlast year, losing $880.5 million. In the Tampa Bay area, Colonial Bank had 50 officew and $2.7 billion in deposits as of June 30, according to the most receng information fromthe
Colonial expects to continue to operatre asa stand-alone, publicly traded company with an independenty board of directors and management a release said. Following completion of the deal, the new investorsz will own about 75 percentof Colonial’s outstandinvg common stock, the release said. They’ll also get five seatd on Colonial’s 15-member board and get to have a say on five otherboard members, in collaboration with Colonial.
Undeer terms of the agreement, the investors will buy preferredc stock that can be converted into common stock at a price of 50 centda share, provided Colonial shareholders agree to increase the numbee of authorized shares of the stock, the releasd said. Colonial has 30 days to shop arounx for abetter deal. If it finds one, it has to pay a $10 millio termination fee to the investors, the release Taylor Bean & Whitaker, a mortgag company based in Ocala, holds a thrifrt charter after buying insuburban Chicago. Colonial is expected to convert to a federal savings and loan association after thedeal closes, the release Colonial BancGroup (NYSE: CNB), headquartered in Ala.
, operates 351 branches in Florida, Alabama, Georgia, Nevadaz and Texas with about $26 billiom in assets. Exposure to Florida’s real estatr collapse put Colonial in the redlast year, losing $880.5 million. In the Tampa Bay area, Colonial Bank had 50 officew and $2.7 billion in deposits as of June 30, according to the most receng information fromthe
sexta-feira, 5 de outubro de 2012
Lubavitch Education Center faces foreclosure - Washington Business Journal:
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’s 84,020-square-foot, seven-story buildin on seven acres, along with two othere properties, is named in the $8 million foreclosurs lawsuit filed on June 23 bythe Birmingham, Ala-based bank in Miami-Dad e County Circuit Court. The nonprofit center is affiliates with theChabad Lubavitch, an orthodox Jewishy movement that has temples and education centere throughout the world. The foreclosurw names the nonprofit Friends of Lubavitch of Floridqa andthe for-profit 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listede on the LubavitchEducation Center’s Web site as the director, managew both entities, which took an $8 milliohn loan from the bank in 2004.
Korf didn’ty immediately return a call seeking comment. The center was founded in 1973 as the first rabbinical college, or yeshiva, in the southeasternh U.S. Orthodox Jews from throughout South Florid send their children there forreligious education. In addition to the main which is located nearGolden Glades, the foreclosure targetws the 30,750-square-foot education center at 1114 Alto n Road in Miami Beach and a 3,363-square-foort apartment building at 1231 13th St. in Miami Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe didn’t immediately return a call seeking comment.
’s 84,020-square-foot, seven-story buildin on seven acres, along with two othere properties, is named in the $8 million foreclosurs lawsuit filed on June 23 bythe Birmingham, Ala-based bank in Miami-Dad e County Circuit Court. The nonprofit center is affiliates with theChabad Lubavitch, an orthodox Jewishy movement that has temples and education centere throughout the world. The foreclosurw names the nonprofit Friends of Lubavitch of Floridqa andthe for-profit 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listede on the LubavitchEducation Center’s Web site as the director, managew both entities, which took an $8 milliohn loan from the bank in 2004.
Korf didn’ty immediately return a call seeking comment. The center was founded in 1973 as the first rabbinical college, or yeshiva, in the southeasternh U.S. Orthodox Jews from throughout South Florid send their children there forreligious education. In addition to the main which is located nearGolden Glades, the foreclosure targetws the 30,750-square-foot education center at 1114 Alto n Road in Miami Beach and a 3,363-square-foort apartment building at 1231 13th St. in Miami Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe didn’t immediately return a call seeking comment.
quinta-feira, 4 de outubro de 2012
Fed e-mails critical of BofA, Lewis - Baltimore Business Journal:
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The e-mail messages were entered into the publivc record as partof Thursday’s hearing held by the U.S. Housse Committee on Oversight andGovernment Reform. Lewis testified for abou t three hours regardingthe government’s role in BofA’a purchase of Merrill, saying government pressures to go through with the deal was a factort in his decision. But e-mailw from various high-ranking Federal Reserve officials suggest regulators thought Lewis was bluffing when he considered backinhg out of theMerrill deal.
“Ken Lewis’ claimn that they were surprisedx by the rapid growth of thelosses (at seems somewhat suspect,” Fed senior banking supervisor Tim Clark states an e-mail to othe r regulators. “It calls into question the adequachy of the due diligence process BAC has been doing in preparation for the Another e-mail from Fed counsel Scott Alvarezs to Fed Chairman Ben Bernanks says of Lewis: “Making hard decisionas is what he gets paid for ... we shouldn’tg take him off the hook.” One e-mail says Lewizs used the threat to call off the Merrilp merger asa “bargaining chip.” In testimony Lewis denied using Merrill as a bargainingv chip.
Instead, he says his concernxs about the dealwere justified, but bank and federal officials agreed proceeding with the purchase using taxpayer aid was in the best interes of the financial system and Charlotte, N.C.-based BofA BAC), Greater Baltimore's largest bank.
The e-mail messages were entered into the publivc record as partof Thursday’s hearing held by the U.S. Housse Committee on Oversight andGovernment Reform. Lewis testified for abou t three hours regardingthe government’s role in BofA’a purchase of Merrill, saying government pressures to go through with the deal was a factort in his decision. But e-mailw from various high-ranking Federal Reserve officials suggest regulators thought Lewis was bluffing when he considered backinhg out of theMerrill deal.
“Ken Lewis’ claimn that they were surprisedx by the rapid growth of thelosses (at seems somewhat suspect,” Fed senior banking supervisor Tim Clark states an e-mail to othe r regulators. “It calls into question the adequachy of the due diligence process BAC has been doing in preparation for the Another e-mail from Fed counsel Scott Alvarezs to Fed Chairman Ben Bernanks says of Lewis: “Making hard decisionas is what he gets paid for ... we shouldn’tg take him off the hook.” One e-mail says Lewizs used the threat to call off the Merrilp merger asa “bargaining chip.” In testimony Lewis denied using Merrill as a bargainingv chip.
Instead, he says his concernxs about the dealwere justified, but bank and federal officials agreed proceeding with the purchase using taxpayer aid was in the best interes of the financial system and Charlotte, N.C.-based BofA BAC), Greater Baltimore's largest bank.
quarta-feira, 3 de outubro de 2012
Balsillie: Fight for Coyotes isn't over - The Business Journal of the Greater Triad Area:
elisovadinaimar.blogspot.com
U.S Bankruptcy Court Redfield T. Baum on Mondah nixed Balsillie's bid to buy the Coyotes for $213 milliob from owner Jerry Moyes becauseof Balsillie's June 29 deadlind for the deal go to Baum said that isn't enough time to resolver the Coyotes Chapter 11 bankruptcyt reorganization issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walker issuedf a statement Monday night saying the effort to move the teamto Ontario, is not over: "Jim Balsillie's bid to bringh a seventh NHL team to Canada We're still here. The Phoenix court confirmed Mr. Balsillie was approved as an NHL ownedr in 2006 andremains so.
We believr he has made the best offer and Hamilton remains the best locatio forthis team. "The court did not approve either our approacyh orthe NHL's. Judge Baum did state he does not have time to decidre all therelocation issues. But the court stilp controls thesale process. As a result, we look forward to hearing from the NHL soon on its view of our relocatio n application and an appropriaterelocation fee, so as to allow the courf to determine if that fee is reasonable. We stillo think there is enough time for the NHL toapprovew Mr. Balsillie's application and move the team to Hamiltonbby September. The court invited mediationh on these issuesand Mr.
Balsillie is willinyg to participate in such mediation if the NHL is also willinv todo so," Walker's statement to the medias continued. The NHL welcomed Baum's decision not to let the sale and move toCanadqa occur. “We're pleased the court recognizeed the validity of league rulez and our ability to apply them in a reasonable NHL Deputy Commissioner Bill Daly said in a statement released by the leaguer onMonday night. "We will turn our attentiob now toward helping to facilitate an orderlt sales process that will produce a locao buyer who is committed to makinvthe Coyotes' franchise viabls and successful in the Phoenix/Glendale area.
We are confident that we will be able to find such a buyet for the Coyotes and that the claimw of legitimate creditors willbe
U.S Bankruptcy Court Redfield T. Baum on Mondah nixed Balsillie's bid to buy the Coyotes for $213 milliob from owner Jerry Moyes becauseof Balsillie's June 29 deadlind for the deal go to Baum said that isn't enough time to resolver the Coyotes Chapter 11 bankruptcyt reorganization issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walker issuedf a statement Monday night saying the effort to move the teamto Ontario, is not over: "Jim Balsillie's bid to bringh a seventh NHL team to Canada We're still here. The Phoenix court confirmed Mr. Balsillie was approved as an NHL ownedr in 2006 andremains so.
We believr he has made the best offer and Hamilton remains the best locatio forthis team. "The court did not approve either our approacyh orthe NHL's. Judge Baum did state he does not have time to decidre all therelocation issues. But the court stilp controls thesale process. As a result, we look forward to hearing from the NHL soon on its view of our relocatio n application and an appropriaterelocation fee, so as to allow the courf to determine if that fee is reasonable. We stillo think there is enough time for the NHL toapprovew Mr. Balsillie's application and move the team to Hamiltonbby September. The court invited mediationh on these issuesand Mr.
Balsillie is willinyg to participate in such mediation if the NHL is also willinv todo so," Walker's statement to the medias continued. The NHL welcomed Baum's decision not to let the sale and move toCanadqa occur. “We're pleased the court recognizeed the validity of league rulez and our ability to apply them in a reasonable NHL Deputy Commissioner Bill Daly said in a statement released by the leaguer onMonday night. "We will turn our attentiob now toward helping to facilitate an orderlt sales process that will produce a locao buyer who is committed to makinvthe Coyotes' franchise viabls and successful in the Phoenix/Glendale area.
We are confident that we will be able to find such a buyet for the Coyotes and that the claimw of legitimate creditors willbe
segunda-feira, 1 de outubro de 2012
Lopez Negrete gets taste of Dr Pepper, Kraft accounts - Phoenix Business Journal:
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The Houston-based agency recently secureed Snapple Group and Kraft Singles as and has starting creating 2009 campaigns for the The involved parties wouldx not disclose the value ofthe contracts. Plano-based Dr Pepperd and Northfield, Ill.-based Kraft join a roster of national brandds already representedby López Negrete Communications, including Bank of Wal-Mart Stores Inc., Microsoft Corp., Shell Oil Co. and Miller Brewinb Co. For Kraft Singles, López Negrete Communications was namecd the Hispanic agencyof record, and duties will included creating content for mass media and interactive.
Agencyy head Alex López Negrete says the creative work for Kraftr is alreadyunder development, with the first ideas set to go publivc in July. “This is our first clientr within theKraft family, and we are very López Negrete says. “It’s also refreshing to have a clientr that isso well-prepared.” Basil Maglaris, a spokesma n for , declined to comment until the campaign was unde r way. Meanwhile, for the Dr Pepper Snappl Group account, López Negrete says his agency has beengiven “tremendous creative freedom.
” “The campaigmn we are doing for Dr Pepper, is actually the idea we pitcherd to them during the proposal, and that doesn’t happebn in the business very often — that is very cool,” he López Negrete Communications is handling creativee assignments for Dr Pepper and 7UP on a nationalk platform, and will handle regional advertising for Squirt. The agencu will also be doing some work with Monica Morales, Dr Pepper brandf manager for the Hispanic market, and René associate brand manager for 7UP, say the campaignsx are designed to build consumer engagement.
Morales says “Vida23” is targeting Latino youth s ages 18 to 24 who are both biculturaand bilingual. A Web site has been created that incorporateswhat Lópesz Negrete says are the passionds of today’s young Latinos. “Theu enjoy music, hanging out, the idea of fame or lookinb at fame, their car and, not to our surprise, thei r family,” he says. Televisionj and radio spots will kick off the DrPeppe campaign, which features a song called “La La La The Web site allows users to remid their own version of the song as well as view the musicc video and download Spanish-language television ads will air in Dallas, Los San Antonio and Sacramento, Calif.
, while radio spots will air in thos same markets as well as Houston, Chicago, Phoenix, Calif.; El Paso and As part of the campaign, López Negrete Communicatione has created “Club23” — a traveling portablew club where consumers can play games, dance and get noticed by the Other campaign efforts include “VidaVans” that trave l to retailers: “Tu Ride23,” a chance to win a new car; and a chance to win a familyg reunion. Meanwhile, López Negrete Communications is putting a more wholesome spin on a new campaigbnfor 7UP, but using some of the same creative tactics as Dr Pepper.
Sanchea says the “Sevenisima” campaign will target Hispanifc mothers. He says the creativr work includes celebratinga “naturalo way of life” and the thingsd mothers do with their families. The 7UP campaign will also incorporate an onlinw component as well as television and radio Other efforts are being tied in as includinga “Seven Dias de contest, where winners receive seven days of family-oriented prizes such as home shopping sprees and family vacations. Like with Dr López Negrete Communications has centered the 7UP campaignbon music.
The theme song, will be sung by Denise Gonzalez, who will also servwe as the television spokeswoman for commercials that will be shown exclusivelyuon Telemundo. Gonzalez will also be featured on the Web site and makepublidc appearances.
The Houston-based agency recently secureed Snapple Group and Kraft Singles as and has starting creating 2009 campaigns for the The involved parties wouldx not disclose the value ofthe contracts. Plano-based Dr Pepperd and Northfield, Ill.-based Kraft join a roster of national brandds already representedby López Negrete Communications, including Bank of Wal-Mart Stores Inc., Microsoft Corp., Shell Oil Co. and Miller Brewinb Co. For Kraft Singles, López Negrete Communications was namecd the Hispanic agencyof record, and duties will included creating content for mass media and interactive.
Agencyy head Alex López Negrete says the creative work for Kraftr is alreadyunder development, with the first ideas set to go publivc in July. “This is our first clientr within theKraft family, and we are very López Negrete says. “It’s also refreshing to have a clientr that isso well-prepared.” Basil Maglaris, a spokesma n for , declined to comment until the campaign was unde r way. Meanwhile, for the Dr Pepper Snappl Group account, López Negrete says his agency has beengiven “tremendous creative freedom.
” “The campaigmn we are doing for Dr Pepper, is actually the idea we pitcherd to them during the proposal, and that doesn’t happebn in the business very often — that is very cool,” he López Negrete Communications is handling creativee assignments for Dr Pepper and 7UP on a nationalk platform, and will handle regional advertising for Squirt. The agencu will also be doing some work with Monica Morales, Dr Pepper brandf manager for the Hispanic market, and René associate brand manager for 7UP, say the campaignsx are designed to build consumer engagement.
Morales says “Vida23” is targeting Latino youth s ages 18 to 24 who are both biculturaand bilingual. A Web site has been created that incorporateswhat Lópesz Negrete says are the passionds of today’s young Latinos. “Theu enjoy music, hanging out, the idea of fame or lookinb at fame, their car and, not to our surprise, thei r family,” he says. Televisionj and radio spots will kick off the DrPeppe campaign, which features a song called “La La La The Web site allows users to remid their own version of the song as well as view the musicc video and download Spanish-language television ads will air in Dallas, Los San Antonio and Sacramento, Calif.
, while radio spots will air in thos same markets as well as Houston, Chicago, Phoenix, Calif.; El Paso and As part of the campaign, López Negrete Communicatione has created “Club23” — a traveling portablew club where consumers can play games, dance and get noticed by the Other campaign efforts include “VidaVans” that trave l to retailers: “Tu Ride23,” a chance to win a new car; and a chance to win a familyg reunion. Meanwhile, López Negrete Communications is putting a more wholesome spin on a new campaigbnfor 7UP, but using some of the same creative tactics as Dr Pepper.
Sanchea says the “Sevenisima” campaign will target Hispanifc mothers. He says the creativr work includes celebratinga “naturalo way of life” and the thingsd mothers do with their families. The 7UP campaign will also incorporate an onlinw component as well as television and radio Other efforts are being tied in as includinga “Seven Dias de contest, where winners receive seven days of family-oriented prizes such as home shopping sprees and family vacations. Like with Dr López Negrete Communications has centered the 7UP campaignbon music.
The theme song, will be sung by Denise Gonzalez, who will also servwe as the television spokeswoman for commercials that will be shown exclusivelyuon Telemundo. Gonzalez will also be featured on the Web site and makepublidc appearances.
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