jiqatili.wordpress.com
But acting AmeriCorps CEO Nicky Goren, in a letter posteed to the AmeriCorps Web site said the White House sent noticeof Eitel’sz withdrawal. “Our thoughts are with Maria as she focusew on herpersonal health,” Gore wrote. “Finding leadership for the Corporatiohn continues to be a very high priority for theWhite House.” In April, Obamsa said Eitel offered “a unique blend of skills and managementf experience” at a time when his administration was expanding the nation’ds public service programs.
On the same day he announcec Eitel as a candidate forthe job, Obamqa signed the Serve America Act, a vast expansionh of federal social service programse that includes increasing AmeriCorp’s available service positions from 75,000 to 250,000. Eitel is currently a Nike Inc. NKE) vice president and presidengt of theNike Foundation, the Washingtonm County athletic apparel giant’s charitable arm. Beforwe heading the foundation, she was Nike’s first vice president for corporat responsibility. Prior to joining Nike, she was Europeam corporate affairs group managet forMicrosoft Corp. and has also worked for the Corporation for Public Broadcastingv and MCICommunications Corp.
This would have been Eitel’se second presidential assignment. She servefd under President George H.W. Bush from 1989 to 1992 as deputh director of media relations and latedr as special assistant to the presideng formedia affairs.
Sunday, September 30, 2012
Saturday, September 29, 2012
Solutia completes sale of nylon business - Austin Business Journal:
cicugaha.wordpress.com
The sale includes the unit’s managemenr and employees, as well as all five of its manufacturing plantssin Alvin, Texas; Decatur, Greenwood, S.C.; Pensacola, Fla.; and Foley, Ala. The nylonm business includes 2,000 of Solutia's 5,100o employees. All 2,000, includingh 29 in St. became employees of the SK Capitaol affiliate. SK Capital paid Solutia $50 millionh in cash for the nylon assets. Solutiaz also received a 2 percent equity stakd in the new company formedc to hold the assets of thenylonn business. In addition, Solutia will receive $4 milliohn in deferred cash payments to be paid inannual $1 millionj installments beginning in 2011.
SK Capitapl has secured replacementof $25 milliob of letters of credit associated with the nylonm business, which has resulted in increased availabilitg for Solutia under its credit The affiliate of SK Capital will assume substantiallhy all of the liabilities of the nylon business, includinfg employee and pension liabilities relating to the active employees of the businesz and environmental liabilities, said Solutia, which planw to use the proceeds of the sale to pay down debt unde r its asset-based revolving credit facility. St. Louis-baser Solutia Inc. (NYSE: SOA), led by President and CEO Jeffry developsspecialty chemicals, fluids and other performance products.
The sale includes the unit’s managemenr and employees, as well as all five of its manufacturing plantssin Alvin, Texas; Decatur, Greenwood, S.C.; Pensacola, Fla.; and Foley, Ala. The nylonm business includes 2,000 of Solutia's 5,100o employees. All 2,000, includingh 29 in St. became employees of the SK Capitaol affiliate. SK Capital paid Solutia $50 millionh in cash for the nylon assets. Solutiaz also received a 2 percent equity stakd in the new company formedc to hold the assets of thenylonn business. In addition, Solutia will receive $4 milliohn in deferred cash payments to be paid inannual $1 millionj installments beginning in 2011.
SK Capitapl has secured replacementof $25 milliob of letters of credit associated with the nylonm business, which has resulted in increased availabilitg for Solutia under its credit The affiliate of SK Capital will assume substantiallhy all of the liabilities of the nylon business, includinfg employee and pension liabilities relating to the active employees of the businesz and environmental liabilities, said Solutia, which planw to use the proceeds of the sale to pay down debt unde r its asset-based revolving credit facility. St. Louis-baser Solutia Inc. (NYSE: SOA), led by President and CEO Jeffry developsspecialty chemicals, fluids and other performance products.
Friday, September 28, 2012
Best Places to Work - Albany Medical Center - The Business Review (Albany):
ejoxot.wordpress.com
We asked employees at these companie to discuss how their organizations addres s everything from turnover toconflictr resolution. Their answers show that creatin g a Best Place ToWork doesn’t happen by chance. On the economg ... When the economy is bad, people are just happy to havea job. Is the focuxs on creating a hospitable workplace the firsy thing to go when timesare tough? In the best and worst of economic times, nonprofit health care organizations like Albany Med are continually faced with the challenge of meetintg ever-increasing patient demands in the face of risin costs and declining reimbursements.
Through the good and the bad, we remaibn committed to ensuring that Alban y Med is a welcoming and warm environment for all who walk throughjits doors. On turnover ... What programs/policies are in placde to keep turnover toa minimum? Communicatiojn is key to keeping employees engaged and committed. We have implementedf several programs that keep the lines of communication open and help generatse feedback so we can address employee concernehead on.
For new employees, the dialogue begins with our program, whereby managers meet one-on-onre with each new employees atthree days, three weeks and thres months of employment to ensure they are adjustinhg to their work and have access to all of the toolds and resources they need. Additionally, we survey all of our employee at90 days, 1 3 years and 5 years to gauged their satisfaction. Our CEO holds “town style meetings, frequent lunches with non-managementf staff, and ends every bi-monthly leadership meeting (with nearly 400 managers in attendance) with an open Q& session. On morale ...
How do you maintain morald dayafter day, especially at times when businesws conditions might not be all that favorable? Employees should be formally and informally recognizecd for their contributions to the workplace. To that end, Albanuy Med has employee of the month and employee of the year in which even patients can nominate people who go aboves and beyondtheir duties. Managers also are encouraged to be creatived in how they acknowledge a job well done and have devisedf their own departmental recognitionsaand awards. More important, is the response we receive from patients. We make sure letterzs and positive feedback from patieng care surveys are sharefwith all. On corporates culture ...
Do you have a codified corporate culture, and how do you define it? It may soundx counter-intuitive in our life-and-death business, but in many ways our culturre is bolstered bythe lifesaving, ground-breakinyg and quality teamwork that is done at Albanuy Medical Center. When a team of physicians, scientists and other medical staff work together to save the life of a caraccidenrt victim, unlock the mysteries of cancer, help a future medicakl professional perfect a skill, ease the suffering of an Alzheimer’s patient, or even to help a sick chilr pass the time in the hospital by playing a game of the rewards can be immense. It is our shared sense of purposde thatdefines us.
On conflict resolution ... How does your business resolvd conflictsbetween employees? How has this changed over the years ? Our highest priority is the well beingy of our patients. Conflicts arise in any business setting—Albany Med is no However, we cannot allow conflicts to get in the way of the work at As such, collectively we tend to be direct in our communicatiob with colleagues, respectful of our differences and quicl to resolve issues so that we may move
We asked employees at these companie to discuss how their organizations addres s everything from turnover toconflictr resolution. Their answers show that creatin g a Best Place ToWork doesn’t happen by chance. On the economg ... When the economy is bad, people are just happy to havea job. Is the focuxs on creating a hospitable workplace the firsy thing to go when timesare tough? In the best and worst of economic times, nonprofit health care organizations like Albany Med are continually faced with the challenge of meetintg ever-increasing patient demands in the face of risin costs and declining reimbursements.
Through the good and the bad, we remaibn committed to ensuring that Alban y Med is a welcoming and warm environment for all who walk throughjits doors. On turnover ... What programs/policies are in placde to keep turnover toa minimum? Communicatiojn is key to keeping employees engaged and committed. We have implementedf several programs that keep the lines of communication open and help generatse feedback so we can address employee concernehead on.
For new employees, the dialogue begins with our program, whereby managers meet one-on-onre with each new employees atthree days, three weeks and thres months of employment to ensure they are adjustinhg to their work and have access to all of the toolds and resources they need. Additionally, we survey all of our employee at90 days, 1 3 years and 5 years to gauged their satisfaction. Our CEO holds “town style meetings, frequent lunches with non-managementf staff, and ends every bi-monthly leadership meeting (with nearly 400 managers in attendance) with an open Q& session. On morale ...
How do you maintain morald dayafter day, especially at times when businesws conditions might not be all that favorable? Employees should be formally and informally recognizecd for their contributions to the workplace. To that end, Albanuy Med has employee of the month and employee of the year in which even patients can nominate people who go aboves and beyondtheir duties. Managers also are encouraged to be creatived in how they acknowledge a job well done and have devisedf their own departmental recognitionsaand awards. More important, is the response we receive from patients. We make sure letterzs and positive feedback from patieng care surveys are sharefwith all. On corporates culture ...
Do you have a codified corporate culture, and how do you define it? It may soundx counter-intuitive in our life-and-death business, but in many ways our culturre is bolstered bythe lifesaving, ground-breakinyg and quality teamwork that is done at Albanuy Medical Center. When a team of physicians, scientists and other medical staff work together to save the life of a caraccidenrt victim, unlock the mysteries of cancer, help a future medicakl professional perfect a skill, ease the suffering of an Alzheimer’s patient, or even to help a sick chilr pass the time in the hospital by playing a game of the rewards can be immense. It is our shared sense of purposde thatdefines us.
On conflict resolution ... How does your business resolvd conflictsbetween employees? How has this changed over the years ? Our highest priority is the well beingy of our patients. Conflicts arise in any business setting—Albany Med is no However, we cannot allow conflicts to get in the way of the work at As such, collectively we tend to be direct in our communicatiob with colleagues, respectful of our differences and quicl to resolve issues so that we may move
Wednesday, September 26, 2012
Losses May Accelerate For Singapore Stock Market - NASDAQ
evlampiyacyxybyw.blogspot.com
Losses May Accelerate For Singapore Stock Market NASDAQ Losses May Accelerate For Singapore Stock Market. (RTTNews.com) - The Singapore stock market has closed lower now in three straight trading days, dropping more than 30 points or 1 percent along the way. The Straits Times Index closed just above the ... |
Tuesday, September 25, 2012
Distribution of Native American students - Business First of Buffalo:
lebexab.wordpress.com
• 1. Salamanca, 32.98% • 2. Gowanda, 27.33%% • 3. Falconer, 18.85% 4. Silver Creek, 14.01% 5. Akron, 9.83% • 6. 8.54% • 7. Niagara-Wheatfield, 7.30% • 8. Niagara Falls, 3.74% 9. Barker, 2.78% • 10. Cleveland Hill, 2.66 % • 11. North Collins, 2.07% • 12. 1.69% • 13. Cattaraugus-Little 1.60% • 14. Buffalo, 1.54% 15. North Tonawanda, 1.51% • 16. 1.41% • 17. Jamestown, 1.38% • 18. 1.17% • 19. Ellicottville, 1.15% • 19. 1.15% • 21. Lyndonville, 1.03% 22. Pine Valley, 0.99% • 23. Lockport, 0.89%% • 24. Forestville, 0.83%% • 25. Springville-Griffith Institute, 0.81% • 26.
Lewiston-Porter, 0.73% 27. Dunkirk, 0.70% • 28. 0.69% • 29. 0.68% • 30. Allegany-Limestone, 0.67% • 30. Canaseraga, 0.67% • 30. Cheektowaga, 0.67% 33. Southwestern, 0.62% • 34. Brocton, 0.61% 34. Hamburg, 0.61% • 34. Newfane, 0.61% 37. Warsaw, 0.60% • 38. Chautauqua Lake, 0.58% • 38. Oakfield-Alabama, 0.58% • 40. Frewsburg, 0.55% • 41. Yorkshire-Pioneer, 0.53%% • 42. Orchard Park, 0.52% 43. Cheektowaga-Sloan, 0.51% • 43. 0.51% • 45. Grand Island, 0.50% • 46. Franklinville, 0.48% • 47. Portville, 0.44% • 48. Medina, 0.43% • 49. 0.42% • 49. West Seneca, 0.42 • 51. Batavia, 0.
38%% • 52. Clarence, 0.37% • 52. Elba, 0.37% • 54. Lackawanna, 0.36% • 55. 0.35% • 55. Fredonia, 0.35% 57. Lancaster, 0.34% • 58. 0.32% • 59. Alden, 0.31% • 59. Depew, 0.31% • 59. Frontier, 0.31% 62. Attica, 0.30% • 63. Starpoint, 0.25% • 63. West 0.25% • 63. Williamsville, 0.25% • 66. Pavilion, 0.23 • 66. Scio, 0.23% • 68. 0.21% • 69. Amherst, 0.20% • 69. East 0.20% • 71. Tonawanda, 0.19% • 72. Byron-Bergen, 0.17%% • 73. Holley, 0.16%% • 73. Sweet 0.16% • 75. Westfield, 0.12 % • 76. Perry, 0.10% 77. Cassadaga Valley, 0.08% • 77. Holland, 0.08%% • 77.
Pembroke, 0.08% • 80. 0.07% • 81. Eden, 0.06% • 82. 0.04% • 83. Alexander, 0.00% • 83. Alfred-Almond, 0.00% • 83. Andover, 0.00% • 83. Belfast, 0.00% 83. Bemus Point, 0.00% 83. Clymer, 0.00% • 83. 0.00% • 83. 0.00% • 83. Genesee Valley, 0.00% 83. LeRoy, 0.00% • 83. Letchworth, 0.00% • 83. Panama, 0.00 • 83. Ripley, 0.00% 83. Sherman, 0.00% 83. Whitesville, 0.00% • 83. Wyoming, 0.
00%
• 1. Salamanca, 32.98% • 2. Gowanda, 27.33%% • 3. Falconer, 18.85% 4. Silver Creek, 14.01% 5. Akron, 9.83% • 6. 8.54% • 7. Niagara-Wheatfield, 7.30% • 8. Niagara Falls, 3.74% 9. Barker, 2.78% • 10. Cleveland Hill, 2.66 % • 11. North Collins, 2.07% • 12. 1.69% • 13. Cattaraugus-Little 1.60% • 14. Buffalo, 1.54% 15. North Tonawanda, 1.51% • 16. 1.41% • 17. Jamestown, 1.38% • 18. 1.17% • 19. Ellicottville, 1.15% • 19. 1.15% • 21. Lyndonville, 1.03% 22. Pine Valley, 0.99% • 23. Lockport, 0.89%% • 24. Forestville, 0.83%% • 25. Springville-Griffith Institute, 0.81% • 26.
Lewiston-Porter, 0.73% 27. Dunkirk, 0.70% • 28. 0.69% • 29. 0.68% • 30. Allegany-Limestone, 0.67% • 30. Canaseraga, 0.67% • 30. Cheektowaga, 0.67% 33. Southwestern, 0.62% • 34. Brocton, 0.61% 34. Hamburg, 0.61% • 34. Newfane, 0.61% 37. Warsaw, 0.60% • 38. Chautauqua Lake, 0.58% • 38. Oakfield-Alabama, 0.58% • 40. Frewsburg, 0.55% • 41. Yorkshire-Pioneer, 0.53%% • 42. Orchard Park, 0.52% 43. Cheektowaga-Sloan, 0.51% • 43. 0.51% • 45. Grand Island, 0.50% • 46. Franklinville, 0.48% • 47. Portville, 0.44% • 48. Medina, 0.43% • 49. 0.42% • 49. West Seneca, 0.42 • 51. Batavia, 0.
38%% • 52. Clarence, 0.37% • 52. Elba, 0.37% • 54. Lackawanna, 0.36% • 55. 0.35% • 55. Fredonia, 0.35% 57. Lancaster, 0.34% • 58. 0.32% • 59. Alden, 0.31% • 59. Depew, 0.31% • 59. Frontier, 0.31% 62. Attica, 0.30% • 63. Starpoint, 0.25% • 63. West 0.25% • 63. Williamsville, 0.25% • 66. Pavilion, 0.23 • 66. Scio, 0.23% • 68. 0.21% • 69. Amherst, 0.20% • 69. East 0.20% • 71. Tonawanda, 0.19% • 72. Byron-Bergen, 0.17%% • 73. Holley, 0.16%% • 73. Sweet 0.16% • 75. Westfield, 0.12 % • 76. Perry, 0.10% 77. Cassadaga Valley, 0.08% • 77. Holland, 0.08%% • 77.
Pembroke, 0.08% • 80. 0.07% • 81. Eden, 0.06% • 82. 0.04% • 83. Alexander, 0.00% • 83. Alfred-Almond, 0.00% • 83. Andover, 0.00% • 83. Belfast, 0.00% 83. Bemus Point, 0.00% 83. Clymer, 0.00% • 83. 0.00% • 83. 0.00% • 83. Genesee Valley, 0.00% 83. LeRoy, 0.00% • 83. Letchworth, 0.00% • 83. Panama, 0.00 • 83. Ripley, 0.00% 83. Sherman, 0.00% 83. Whitesville, 0.00% • 83. Wyoming, 0.
00%
Monday, September 24, 2012
Reston firm keeps eye on borders - Washington Business Journal:
azajir.wordpress.com
The company says the Bureau of Customs andBordef Protection, part of the , will expand use of its videpo surveillance technology across America's southern border. It extends ObjectVideo's contractt with the government after successful deployment alonyg theCanadian border. Financial terms of the contractf weren't disclosed. The Department of Homeland Security begantesting ObjectVideo's surveillance systems along the northern borders of Mainr and Washington State last It is currently expanding that deployment to New Vermont, New York, the Great Lakes North Dakota, Idaho and Montana. The deploymenr along the Mexican border will start with key pointws Californiaand Arizona.
ObjectVideo's surveillance system is more than just videoomonitoring equipment. The system uses artificial intelligencer programming to spot potentiallyunusual behavior. The companyh says its system canpick trucks, boats and other objectas out of the background, then check their behavior againsf preprogrammed rules. For example, a small boat loiterinbg near an anchoredNavy ship. ObjectVideo was foundex in 1998 by former scientists who helperd develop a kind of artificial intelligencd knownas "computer vision.
"
The company says the Bureau of Customs andBordef Protection, part of the , will expand use of its videpo surveillance technology across America's southern border. It extends ObjectVideo's contractt with the government after successful deployment alonyg theCanadian border. Financial terms of the contractf weren't disclosed. The Department of Homeland Security begantesting ObjectVideo's surveillance systems along the northern borders of Mainr and Washington State last It is currently expanding that deployment to New Vermont, New York, the Great Lakes North Dakota, Idaho and Montana. The deploymenr along the Mexican border will start with key pointws Californiaand Arizona.
ObjectVideo's surveillance system is more than just videoomonitoring equipment. The system uses artificial intelligencer programming to spot potentiallyunusual behavior. The companyh says its system canpick trucks, boats and other objectas out of the background, then check their behavior againsf preprogrammed rules. For example, a small boat loiterinbg near an anchoredNavy ship. ObjectVideo was foundex in 1998 by former scientists who helperd develop a kind of artificial intelligencd knownas "computer vision.
"
Saturday, September 22, 2012
New study shows that providing teens with non-caloric beverages can help them ... - Sacramento Bee
ysynut.wordpress.com
Sky News Australia | New study shows that providing teens with non-caloric beverages can help them ... Sacramento Bee 21, 2012 -- /PRNewswire-USNewswire/ -- A new study published today in the New England Journal of Medicine shows that adolescents who eliminated sugar-sweetened beverages for one year gained less weight than those who didn't, shedding light on an ... Exercise May Trim Genetic Obesity Risk Non-caloric beverages `may help teens avoid excessive weight gain` Teens who cut out sugary drinks slowed weight gain |
Friday, September 21, 2012
PBA backs expanded River District renewal area - Atlanta Business Chronicle:
aaekipolo.blogspot.com
Sandra McDonough, the alliance’s president and CEO, told the Portland City Councill on June 17 that the city needs to do everything it can to providewmore jobs. The council is reconsidering expanding the River District by nearly42 acres, as well as increase the amounty of bonds the city can assumee to fund projects within the district. The council and the Portlancd Development Commission had first soughtr the expansion nearly two years ago but were thwartex bya citizens’ group complaint.
The Friendsa of Urban Renewal group had chargerd that the River Districyexpansion proposal, which would have also redirected $20 milliob in district-generated funds to a new East Portland elementaruy school, didn’t fit technical urban renewalo definitions. The council will vote on the measure next McDonough said urban renewal provides funding for investmentesin infrastructure, housing, social services and public-privated partnerships. “We need to create jobs,” she said. “Wes have an opportunity to do just that by adoptinv theserevised findings, which address the issuesw that have been raised about the Riverd District expansion.
We can then move forward with the importanft projects that depend on these City Commissioner Nick Fish has said that the construction of a new homelesss services center could depend on urbabn renewal funds if construction is to begin this McDonough said the alliance backs using urban renewal funds to builthe center.
Sandra McDonough, the alliance’s president and CEO, told the Portland City Councill on June 17 that the city needs to do everything it can to providewmore jobs. The council is reconsidering expanding the River District by nearly42 acres, as well as increase the amounty of bonds the city can assumee to fund projects within the district. The council and the Portlancd Development Commission had first soughtr the expansion nearly two years ago but were thwartex bya citizens’ group complaint.
The Friendsa of Urban Renewal group had chargerd that the River Districyexpansion proposal, which would have also redirected $20 milliob in district-generated funds to a new East Portland elementaruy school, didn’t fit technical urban renewalo definitions. The council will vote on the measure next McDonough said urban renewal provides funding for investmentesin infrastructure, housing, social services and public-privated partnerships. “We need to create jobs,” she said. “Wes have an opportunity to do just that by adoptinv theserevised findings, which address the issuesw that have been raised about the Riverd District expansion.
We can then move forward with the importanft projects that depend on these City Commissioner Nick Fish has said that the construction of a new homelesss services center could depend on urbabn renewal funds if construction is to begin this McDonough said the alliance backs using urban renewal funds to builthe center.
Wednesday, September 19, 2012
Big Kindle sells out quickly - Atlanta Business Chronicle:
goldenayreyg1666.blogspot.com
New Kindle DXs will be availablerJune 17, the company said on its site. That coule mean a rush for customersa buying themfor Father’s Day over the followinyg weekend. Amazon designed the large-screen DX with newspapers and textbooksin mind. At nearly $500 a pop, it’s quite an investment. But though the screen’sx still just black-and-white, and shows newspaper photographdsin grayscale, some see it as a boost for a floundering newspaper industry. Customers can have their favoritenewspapers “delivered” every morninh to the device, sometimes for less monehy than a traditional subscriptioh thumped onto their porch.
The Kindls version of a newspaper hasno ads, whicy appeals to readers. Amazon splits revenue from the subscriptiohn with the media company that produceethe newspaper. Amazon (NASDAQ: AMZN) has promoted the new Kindle hoping to lock customers into its system beforew rival devices and programscome along. Already, savvh major newspapers have setup “apps” for ’a (NASDAQ: AAPL) iPhone, makinvg their sites easy to navigate and read. Both the New York Timezs and Wall Street Journal format their sitess on the iPhonewith easy-to-read headlines and thumbnail photos in a Both sites are free and supported by ads.
giant (NASDAQ: GOOG), which has its fingers in a lotof pies, is rumored to be workiny on some kind of e-reader And Plastic Logic, based in the United Kingdom, is developinh a flexible plastic screen for similar
New Kindle DXs will be availablerJune 17, the company said on its site. That coule mean a rush for customersa buying themfor Father’s Day over the followinyg weekend. Amazon designed the large-screen DX with newspapers and textbooksin mind. At nearly $500 a pop, it’s quite an investment. But though the screen’sx still just black-and-white, and shows newspaper photographdsin grayscale, some see it as a boost for a floundering newspaper industry. Customers can have their favoritenewspapers “delivered” every morninh to the device, sometimes for less monehy than a traditional subscriptioh thumped onto their porch.
The Kindls version of a newspaper hasno ads, whicy appeals to readers. Amazon splits revenue from the subscriptiohn with the media company that produceethe newspaper. Amazon (NASDAQ: AMZN) has promoted the new Kindle hoping to lock customers into its system beforew rival devices and programscome along. Already, savvh major newspapers have setup “apps” for ’a (NASDAQ: AAPL) iPhone, makinvg their sites easy to navigate and read. Both the New York Timezs and Wall Street Journal format their sitess on the iPhonewith easy-to-read headlines and thumbnail photos in a Both sites are free and supported by ads.
giant (NASDAQ: GOOG), which has its fingers in a lotof pies, is rumored to be workiny on some kind of e-reader And Plastic Logic, based in the United Kingdom, is developinh a flexible plastic screen for similar
Tuesday, September 18, 2012
Catherine Wells-Burr's boyfriend charged with conspiracy to murder - The Guardian
lebexab.wordpress.com
The Guardian | Catherine Wells-Burr's boyfriend charged with conspiracy to murder The Guardian The boyfriend of Catherine Wells-Burr has been charged with conspiracy to murder her. Rafal Nowak, 31, will appear before magistrates in Bristol on Wednesday, Avon and Somerset police said. Nowak's former partner, Anna Julia Lagwinowicz, 32, appeared ... Catherine Wells-Burr: Boyfriend of graduate found dead in car is charged with ... Boyfriend charged with conspiracy to murder graduate found in burning car Catherine Wells-Burr death: Boyfriend charged |
Monday, September 17, 2012
Firm moves to secure future - Kansas City Business Journal:
grihanovveimavox.blogspot.com
The computer networking firm has formeed a new division that will focu onnetwork security. In addition to providin encryption methods, firewalls and other relativeluy simple security methods Alexander Open Systemsalreadyh provides, the new division will specialize in more sophisticated security fixes. Duncaj Alexander, who will run the securityg division, said the idea for the new divisionj grew out of an increasingv number of customer requests for the moresophisticatefd security. The company couldn't deal in that levelk of security without focusing resourceson it, Alexander "You can only be as good as the best perso n out there who's attacking you," Alexander said.
The company will concentrate on "finding out where the holes are and findingh out what needs to be done totracko those." Some newer "intrusion applications not only detect breaches in security, they reacg to them. "It could have artificial intelligencwe to not onlystop (a hacker), but attack them rightf back," Alexander said. CEO Gary Alexandet said the security division will concentratee on luring customers from within the KansaeCity area. Alexander Open Systems has 63 20 more than oneyear ago. The security division has two Chuck Vanasse, founder and past chairmanm of Unicom Communications Inc., has a new job with BV Solutionsw Group.
Vanasse, who stepped down from Unicom'e day-to-day operations last year, said he will lead the marketinb effort forBV Solution'sa Internet business. Black & Veatch formed BV Solution s this year by spinning its informatio n technology department into aseparatse company. Black & Veatch officials expect the new entity to generatse revenueof $100 million in three to four years and grow from 400 to 1,000 employees. Vanasse also is behincd a new Internet compan ycalled WorldHousing.com, which operates a Web portal for the housinhg industry. That company's Web site was to be launched this Call Suzanne King with tips for Connecterat 421-5900, or send e-mail to sking@amcity.com.
The computer networking firm has formeed a new division that will focu onnetwork security. In addition to providin encryption methods, firewalls and other relativeluy simple security methods Alexander Open Systemsalreadyh provides, the new division will specialize in more sophisticated security fixes. Duncaj Alexander, who will run the securityg division, said the idea for the new divisionj grew out of an increasingv number of customer requests for the moresophisticatefd security. The company couldn't deal in that levelk of security without focusing resourceson it, Alexander "You can only be as good as the best perso n out there who's attacking you," Alexander said.
The company will concentrate on "finding out where the holes are and findingh out what needs to be done totracko those." Some newer "intrusion applications not only detect breaches in security, they reacg to them. "It could have artificial intelligencwe to not onlystop (a hacker), but attack them rightf back," Alexander said. CEO Gary Alexandet said the security division will concentratee on luring customers from within the KansaeCity area. Alexander Open Systems has 63 20 more than oneyear ago. The security division has two Chuck Vanasse, founder and past chairmanm of Unicom Communications Inc., has a new job with BV Solutionsw Group.
Vanasse, who stepped down from Unicom'e day-to-day operations last year, said he will lead the marketinb effort forBV Solution'sa Internet business. Black & Veatch formed BV Solution s this year by spinning its informatio n technology department into aseparatse company. Black & Veatch officials expect the new entity to generatse revenueof $100 million in three to four years and grow from 400 to 1,000 employees. Vanasse also is behincd a new Internet compan ycalled WorldHousing.com, which operates a Web portal for the housinhg industry. That company's Web site was to be launched this Call Suzanne King with tips for Connecterat 421-5900, or send e-mail to sking@amcity.com.
Saturday, September 15, 2012
Paulson Capital reports Q2 revenue, earnings losses - Portland Business Journal:
lebexab.wordpress.com
million led to second quarter revenue and earnings losse s for For the quarter endingJune 30, the Portland paren company (NASDAQ: PLCC) of had a revenure loss of $3.2 million, with an earnings loss of $4.8 or 81 cents per share, compared with revenues of $7.98 million, with earnings of $1 million, or 16 centw per share in the same quarter of 2007. “Challengingb market conditions — particularly those affectinf small and micro cap companies have resulted in a sharl decline in the number of initialo publicofferings (IPOs) and private equituy transactions taking place,” said Chester Paulson, chairmam and CEO of Paulson Capital Corp.
, in a “During the first six monthw of 2007, there were 147 IPOs completexd in the U.S. markets, whilr only 42 have been completecdin 2008, thus far. What’z more, 56 companies have canceledc planned IPOs since the first of this Asa consequence, investment bankinf firms nationwide have suffered, and our company is no For the first six monthsw of fiscal 2008, the independentr brokerage firm had a revenue loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earnings of $3.
8 million, or 61 centsx per share, in the same period of last
million led to second quarter revenue and earnings losse s for For the quarter endingJune 30, the Portland paren company (NASDAQ: PLCC) of had a revenure loss of $3.2 million, with an earnings loss of $4.8 or 81 cents per share, compared with revenues of $7.98 million, with earnings of $1 million, or 16 centw per share in the same quarter of 2007. “Challengingb market conditions — particularly those affectinf small and micro cap companies have resulted in a sharl decline in the number of initialo publicofferings (IPOs) and private equituy transactions taking place,” said Chester Paulson, chairmam and CEO of Paulson Capital Corp.
, in a “During the first six monthw of 2007, there were 147 IPOs completexd in the U.S. markets, whilr only 42 have been completecdin 2008, thus far. What’z more, 56 companies have canceledc planned IPOs since the first of this Asa consequence, investment bankinf firms nationwide have suffered, and our company is no For the first six monthsw of fiscal 2008, the independentr brokerage firm had a revenue loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earnings of $3.
8 million, or 61 centsx per share, in the same period of last
Friday, September 14, 2012
Study shows San Antonio is nation's best-performing city in recession - Triangle Business Journal:
sucujovide.wordpress.com
The Washington, D.C.-based think tank has beguj analyzing the impact of the recessionthroughout America’s metropolitan In the first of a series of quarterlhy MetroMonitor reports, Brookings rankedf San Antonio, Oklahoma City, Houston and Dallas as the top five metro areas in the country in economic performance in the wake of the Brookings ranked the top 100 metropolitan areasx based on six key indicators employment, unemployment rates, wages, gross metropolitan product, housinb prices and foreclosure rates. This initiaol MetroMonitor report covers the first quarterof 2009.
The five worst metropolitan areas in the countrh impacted bythe recession, in descending are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, and Detroit. “All metropolitan areas are feelingt the effects ofthis recession, but the distress is not sharerd equally,” says Alan Berube, researc director of the Metropolitan Policy Program at Brookingsw and co-author of the “While some areas of the countryt have experienced only a shallow downturn, and may be emerging from the recession already, peoplre living in metro areas that are now performinv weakest economically should prepare themselves for a long recoveryg period.
” Howard Wial, director of the Metropolitah Economy Initiative at Brookings and another co-author of the argues that the report shows that a nationa l fiscal and monetary policy will not be enough for stimulatingy the economy. “Many (metro) areass will need targeted assistance, and since statez have no funds available, the federalk government will have to step up to fillthe void.” Concentrationsa of industry activity have both helped and hurts some regionakl economies during the recession.
For metropolitan areas in states with specializations in energy and governmentremployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulater by the recession. However, metropolitan areas in states like Michigahn and Ohio that depend heavily on the automotivr industry have been impacted by the downturhn inthe economy, the report shows. San Antonio is home to Randolpuh AirForce Base, Fort Sam Houston, Lackland Air Force Base and Brookas City-Base.
The 2005 Base Realignment and Closure decisionm alone is providing a significant economic punch to theAlamo City’se economy through the consolidation of high-paying military health care jobs and more than $2 billionm worth of new construction activity. A separate reportt released by LLC outlining the impact of BRAC showed that Fort Sam Houstojn alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millio square feet of space. Construction activity due to BRAC alonr shouldcreate 46,000 construction jobs duringb the course of the building programs, the DiLuziol report showed.
The Washington, D.C.-based think tank has beguj analyzing the impact of the recessionthroughout America’s metropolitan In the first of a series of quarterlhy MetroMonitor reports, Brookings rankedf San Antonio, Oklahoma City, Houston and Dallas as the top five metro areas in the country in economic performance in the wake of the Brookings ranked the top 100 metropolitan areasx based on six key indicators employment, unemployment rates, wages, gross metropolitan product, housinb prices and foreclosure rates. This initiaol MetroMonitor report covers the first quarterof 2009.
The five worst metropolitan areas in the countrh impacted bythe recession, in descending are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, and Detroit. “All metropolitan areas are feelingt the effects ofthis recession, but the distress is not sharerd equally,” says Alan Berube, researc director of the Metropolitan Policy Program at Brookingsw and co-author of the “While some areas of the countryt have experienced only a shallow downturn, and may be emerging from the recession already, peoplre living in metro areas that are now performinv weakest economically should prepare themselves for a long recoveryg period.
” Howard Wial, director of the Metropolitah Economy Initiative at Brookings and another co-author of the argues that the report shows that a nationa l fiscal and monetary policy will not be enough for stimulatingy the economy. “Many (metro) areass will need targeted assistance, and since statez have no funds available, the federalk government will have to step up to fillthe void.” Concentrationsa of industry activity have both helped and hurts some regionakl economies during the recession.
For metropolitan areas in states with specializations in energy and governmentremployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulater by the recession. However, metropolitan areas in states like Michigahn and Ohio that depend heavily on the automotivr industry have been impacted by the downturhn inthe economy, the report shows. San Antonio is home to Randolpuh AirForce Base, Fort Sam Houston, Lackland Air Force Base and Brookas City-Base.
The 2005 Base Realignment and Closure decisionm alone is providing a significant economic punch to theAlamo City’se economy through the consolidation of high-paying military health care jobs and more than $2 billionm worth of new construction activity. A separate reportt released by LLC outlining the impact of BRAC showed that Fort Sam Houstojn alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millio square feet of space. Construction activity due to BRAC alonr shouldcreate 46,000 construction jobs duringb the course of the building programs, the DiLuziol report showed.
Wednesday, September 12, 2012
Romney and Obama campaigns exchange harsh statements over death of US ... - New York Daily News
mcfarlainofuqub1258.blogspot.com
New York Daily News | Romney and Obama campaigns exchange harsh statements over death of US ... New York Daily News Romney was referring to a statement released by the Cairo embassy รข€" and disavowed by Washington รข€" that attempted to defuse tensions by condemning the movie rather than the protesters. "I'm outraged by the attacks on American di plomatic missions in ... On Libya attacks, Romney has a point Romney's Statements On Libya Attack Indicative Of More Than Just Insensitivity President Obama, Mitt Romney React to Statements Following Violence in Libya ... |
Tuesday, September 11, 2012
First Marblehead bank runs afoul of regulators - Phoenix Business Journal:
ignatiywulyxura.blogspot.com
That’s according to a cease and desisyt order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key businesz of packaging student loans into securities has dried up, now faces the prospectf of pumping millions of dollars of capital into the smalo Rhode Island bank to bolster its The OTS order says First Marblehead is required to maintain a $30 million deposit at the bank untik it is sold or the bank’as concentration of private student loans is reduced to 50 percentg of Union Federal’s capital, plus any allowance for loan First Marblehead also needs OTS approval beforer making any golden parachute payments to senior according to the cease and desist order.
Union Federalp Savings Bank’s problems have been chronicled in previous stories by the BostonBusinese Journal. Before being acquired by First Marblehead, Uniojn Federal Savings had about $40 million in assets. But that balance sheet ballooner to morethan $600 milliom last year as First Marblehead movedc some $500 million in risky private student loans onto the bank’z balance sheet. The bank has been unsuccessful in selling thoses loans while an escalating number of defaults have triggerelarge losses. In the first for example, the North Providence-based bank lost $26.4 million, accordintg to federal bank filings.
That’s according to a cease and desisyt order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key businesz of packaging student loans into securities has dried up, now faces the prospectf of pumping millions of dollars of capital into the smalo Rhode Island bank to bolster its The OTS order says First Marblehead is required to maintain a $30 million deposit at the bank untik it is sold or the bank’as concentration of private student loans is reduced to 50 percentg of Union Federal’s capital, plus any allowance for loan First Marblehead also needs OTS approval beforer making any golden parachute payments to senior according to the cease and desist order.
Union Federalp Savings Bank’s problems have been chronicled in previous stories by the BostonBusinese Journal. Before being acquired by First Marblehead, Uniojn Federal Savings had about $40 million in assets. But that balance sheet ballooner to morethan $600 milliom last year as First Marblehead movedc some $500 million in risky private student loans onto the bank’z balance sheet. The bank has been unsuccessful in selling thoses loans while an escalating number of defaults have triggerelarge losses. In the first for example, the North Providence-based bank lost $26.4 million, accordintg to federal bank filings.
Monday, September 10, 2012
DownEast makes California debut at Galleria - Sacramento Business Journal:
esivyjifag.wordpress.com
DownEast Basics, a Salt Lake City chaih with more than40 stores, marketsa itself as an “affordable fashion” retailer. Nothing costs more than $50, and most items — from swimwear to summer dresses costsaround $20 to $30. The Roseville store’es first weekend exceeded the company’s projections by 25 Based on the initialsalesw results, DownEast Basics very much wants to further expand in and is pleased it launched its first Californi a store in the Sacramento region, a spokeswoman said. CEO Klane Murphy, who livefd in El Dorado Hills from 2000 to figured Sacramento-area consumers care about but also are cost conscious.
He also likes the populatioj growth this region has experienced over the past Testing outthis area’s interest, Murphy sent the retailer’d catalog to all his wife’s local His wife also introduced her friendd to the product line at a local party she hostecd with more than 50 women. Basesd on the sales at that party, “we knew we had a producf that resonated with the local communityh herein Sacramento,” Murphg wrote in an e-mail. A franchise is comin g to the Roe Building, the mixed-use building builgt last year at 5th and G streets indowntown Davis. The Aventura, Fla.-based chaib of body and facial waxing centers willtake 1,49 1 square feet.
The franchisees are readyin the space for an opening in afew months. On the first floor, European Wax Center will join a Duramed medicakl supplies store and Barista Brew Two retailspaces remain: one of 925 squarre feet on the corner, and another of 1,227 squared feet, said Shaun Morrow, the landlord’s broked with the Terranomics division of . The eightf residential condos on the second and third floorsall sold.
In February, European Wax Centerr area developers told the Businesa Journal that they planned to open at leasty a dozen locations in the The company already has two stores in at Renaissance Creek shopping center and at The Broker Scott Carruth of CB Richardf Ellis represents European WaxCenter locally. Vending machinde dispenses wipes, pacifiers Westfield Galleria at Roseville will be one of the first malls within the Westfiel d chain to get a custom vendintg machine withbabycare supplies. in Corona announced Thursdag that it is placing its Baby Stations vendingb machines in Westfield malls acrossthe state, starting July 15.
The goal is to place these vending machines with baby necessities in Westfieldx malls nationwide within eight months to a AVT says. A piloy project for Westfield, the venting machines carrt feeding products, toys, first aid items, baby bottles and pacifiers. “This bringz peace of mind to familiea knowing there is a convenient and accessible solution forevery baby’s need,” Shannoh Illingworth, AVT founder, said in a news release. The malld that install the Baby Stationz benefit becauseparents don’t have to stop shopping when they discover they left home without some essential baby she said.
Baby Station machines are hard to withtheir blue-and-black color scheme and bold graphics. They contain a widescreen LCD display to stream informatiobn and video feeds about the productsa contained in thevending machine. , a chaih of gyms that entered this market sixyears ago, is expandint to Woodland. Fitness 19 will take 7,509 square feet within Sycamore Pointew shopping center at Main Streer andPioneer Avenue. This is new retail space constructed between Food 4 Less and Big 5 Sporting Another 9,000 square feet is available. The gym is expecterd to open inthe fall, said who represented the landlord in the Fitness 19 has five other location in the region.
DownEast Basics, a Salt Lake City chaih with more than40 stores, marketsa itself as an “affordable fashion” retailer. Nothing costs more than $50, and most items — from swimwear to summer dresses costsaround $20 to $30. The Roseville store’es first weekend exceeded the company’s projections by 25 Based on the initialsalesw results, DownEast Basics very much wants to further expand in and is pleased it launched its first Californi a store in the Sacramento region, a spokeswoman said. CEO Klane Murphy, who livefd in El Dorado Hills from 2000 to figured Sacramento-area consumers care about but also are cost conscious.
He also likes the populatioj growth this region has experienced over the past Testing outthis area’s interest, Murphy sent the retailer’d catalog to all his wife’s local His wife also introduced her friendd to the product line at a local party she hostecd with more than 50 women. Basesd on the sales at that party, “we knew we had a producf that resonated with the local communityh herein Sacramento,” Murphg wrote in an e-mail. A franchise is comin g to the Roe Building, the mixed-use building builgt last year at 5th and G streets indowntown Davis. The Aventura, Fla.-based chaib of body and facial waxing centers willtake 1,49 1 square feet.
The franchisees are readyin the space for an opening in afew months. On the first floor, European Wax Center will join a Duramed medicakl supplies store and Barista Brew Two retailspaces remain: one of 925 squarre feet on the corner, and another of 1,227 squared feet, said Shaun Morrow, the landlord’s broked with the Terranomics division of . The eightf residential condos on the second and third floorsall sold.
In February, European Wax Centerr area developers told the Businesa Journal that they planned to open at leasty a dozen locations in the The company already has two stores in at Renaissance Creek shopping center and at The Broker Scott Carruth of CB Richardf Ellis represents European WaxCenter locally. Vending machinde dispenses wipes, pacifiers Westfield Galleria at Roseville will be one of the first malls within the Westfiel d chain to get a custom vendintg machine withbabycare supplies. in Corona announced Thursdag that it is placing its Baby Stations vendingb machines in Westfield malls acrossthe state, starting July 15.
The goal is to place these vending machines with baby necessities in Westfieldx malls nationwide within eight months to a AVT says. A piloy project for Westfield, the venting machines carrt feeding products, toys, first aid items, baby bottles and pacifiers. “This bringz peace of mind to familiea knowing there is a convenient and accessible solution forevery baby’s need,” Shannoh Illingworth, AVT founder, said in a news release. The malld that install the Baby Stationz benefit becauseparents don’t have to stop shopping when they discover they left home without some essential baby she said.
Baby Station machines are hard to withtheir blue-and-black color scheme and bold graphics. They contain a widescreen LCD display to stream informatiobn and video feeds about the productsa contained in thevending machine. , a chaih of gyms that entered this market sixyears ago, is expandint to Woodland. Fitness 19 will take 7,509 square feet within Sycamore Pointew shopping center at Main Streer andPioneer Avenue. This is new retail space constructed between Food 4 Less and Big 5 Sporting Another 9,000 square feet is available. The gym is expecterd to open inthe fall, said who represented the landlord in the Fitness 19 has five other location in the region.
Saturday, September 8, 2012
The matchup to watch: Shaughnessy vs. Harris - San Francisco Chronicle (blog)
lebexab.wordpress.com
Los Angeles Times | The matchup to watch: Shaughnessy vs. Harris San Francisco Chronicle (blog) Even if Chargers left tackle Mike Harris has a big red X on his jersey Monday night, the Raiders are not going to admit it. Harris, an undrafted free agent out of UCLA, will be protecting Philip Rivers' blind side รข€" and Harris wasn't even good enough ... Rookie Harris to protect Rivers vs Raiders No one saw this coming: Mike Harris, protecting Rivers' blind side Whicker: Rookie from UCLA to protect Rivers |
Friday, September 7, 2012
Lawsuit alleges
moffaiqohegesa1490.blogspot.com
, which ended 2008 with 21.8 percent of its loanse identifiedas noncurrent, faces allegations in the bankruptcgy of former developer that the bank engaged in “unsafe and unsound lending practices,” according to a complain filed by former Puig investors and smaller lenders to Puig projects. The bank has movede to dismiss the litigation as beint unfounded and also wants to convert the Chaptedr 11 reorganization toa liquidation. A federao judge is expected to rule April 13 on whether the complainr by Ocean Bank cango forward.
The lawsuit includea allegations that a former Ocean Bank employee in chargwe of handling the Puig loanaccounts “took thousandss of dollars in valuable gifts” from Puig companies and “personally lent to a company that invested in Puig’s projects. The attorney handling the litigationn for the creditors committeeeof investors, Michael Budwick, said the bank kept Puig’s company alivse by making bad loans. “Some of thesed projects should have died a naturalkdeath … but the bank kept them alive,” said Budwick, of . “Sko we’re basically seeking damages of the totak amount of debt in the fromOcean Bank.
” Total claimsz in the bankruptcy have exceedes $100 million, although some of them are duplicative, accordinv to Budwick. The creditors’ complainty names 13 civil count s againstOcean Bank, including negligence and breachu of fiduciary duty. Joel Tabas, attorney for Ocean is seeking to have the complaintr dismissed quickly on the basis that thecreditorw haven’t justified it fully under the law, so he hasn’t answereds all the allegations.
In an interview, Tabas said targetingb Ocean Bank for claims by others who made failed investmenta is disingenuous and Tabas said evenif Puig’as companies gave gifts to bank officers, that wouldn’tg have been detrimental to other investors in the Puig “Just because I make a bad loan doesn’tf entitle someone else to,” said of . Kenneth Thomas, a Miami-based bank analysf and economist, said Ocean Bank’s noncurrent loan ratio is one of the highestg inthe nation. “Of all 8,300p banks in U.S., they rank 52nd in terms of the percentagse ofnonperforming loans,” Thomasz said.
“There are so many toxic assetes in all of our They just happen to be one of the biggestg banks in Florida that loaned to projects like so they have a lot ofnonperformingh loans.” Parts of Budwick’s complaint againsyt Ocean Bank draw wider references to the real estater meltdown of 2006: “Bty the fall of 2006, the Puig entities were fallin g ever deeper into insolvency and Oceanb Bank was desperately seeking to extenf the lives of the debtors in the hopes of tryinf to extricate itself from significant losses and having to reporyt such losses.
” Tabas argues that the creditor’as complaint “fails to allege facts showing the bank the creditors or the debtor a fiduciargy duty. Puig Inc. and principal Juan Puig of Miamiu filed for bankruptcy in summefrof 2007, one of the first high-flying real estate developers to succum to the market downturn. The compant was focused on convertintg apartmentsto condominiums. It had early success – completinv 19 conversions – but bankruptcy filingws say 26 projects were in various stages when the Chapterf 11was filed. Since then, many otherr South Florida developers have entered including Levitt and TOUSAand .
On the offensive, Ocean Bank has filed a recentt motion to have the Puig bankruptcy convertec to a Chapter 7 liquidation a faster, less expensive bankruptcy model. Bankruptcgy Judge Robert Mark denied that motionon Dec. 19, but the bank is appealinb to the U.S. District Court of Southern Florida. Among the bank’s arguments for a faster liquidatioh is that fees in a Chapter 11 woule be lower than in aChaptet 7. Tabas estimates that $4.3 milliom in fees and professional services has been accrued durinbthe bankruptcy, according to the bank’s motion to convert to Chaptef 7.
, which ended 2008 with 21.8 percent of its loanse identifiedas noncurrent, faces allegations in the bankruptcgy of former developer that the bank engaged in “unsafe and unsound lending practices,” according to a complain filed by former Puig investors and smaller lenders to Puig projects. The bank has movede to dismiss the litigation as beint unfounded and also wants to convert the Chaptedr 11 reorganization toa liquidation. A federao judge is expected to rule April 13 on whether the complainr by Ocean Bank cango forward.
The lawsuit includea allegations that a former Ocean Bank employee in chargwe of handling the Puig loanaccounts “took thousandss of dollars in valuable gifts” from Puig companies and “personally lent to a company that invested in Puig’s projects. The attorney handling the litigationn for the creditors committeeeof investors, Michael Budwick, said the bank kept Puig’s company alivse by making bad loans. “Some of thesed projects should have died a naturalkdeath … but the bank kept them alive,” said Budwick, of . “Sko we’re basically seeking damages of the totak amount of debt in the fromOcean Bank.
” Total claimsz in the bankruptcy have exceedes $100 million, although some of them are duplicative, accordinv to Budwick. The creditors’ complainty names 13 civil count s againstOcean Bank, including negligence and breachu of fiduciary duty. Joel Tabas, attorney for Ocean is seeking to have the complaintr dismissed quickly on the basis that thecreditorw haven’t justified it fully under the law, so he hasn’t answereds all the allegations.
In an interview, Tabas said targetingb Ocean Bank for claims by others who made failed investmenta is disingenuous and Tabas said evenif Puig’as companies gave gifts to bank officers, that wouldn’tg have been detrimental to other investors in the Puig “Just because I make a bad loan doesn’tf entitle someone else to,” said of . Kenneth Thomas, a Miami-based bank analysf and economist, said Ocean Bank’s noncurrent loan ratio is one of the highestg inthe nation. “Of all 8,300p banks in U.S., they rank 52nd in terms of the percentagse ofnonperforming loans,” Thomasz said.
“There are so many toxic assetes in all of our They just happen to be one of the biggestg banks in Florida that loaned to projects like so they have a lot ofnonperformingh loans.” Parts of Budwick’s complaint againsyt Ocean Bank draw wider references to the real estater meltdown of 2006: “Bty the fall of 2006, the Puig entities were fallin g ever deeper into insolvency and Oceanb Bank was desperately seeking to extenf the lives of the debtors in the hopes of tryinf to extricate itself from significant losses and having to reporyt such losses.
” Tabas argues that the creditor’as complaint “fails to allege facts showing the bank the creditors or the debtor a fiduciargy duty. Puig Inc. and principal Juan Puig of Miamiu filed for bankruptcy in summefrof 2007, one of the first high-flying real estate developers to succum to the market downturn. The compant was focused on convertintg apartmentsto condominiums. It had early success – completinv 19 conversions – but bankruptcy filingws say 26 projects were in various stages when the Chapterf 11was filed. Since then, many otherr South Florida developers have entered including Levitt and TOUSAand .
On the offensive, Ocean Bank has filed a recentt motion to have the Puig bankruptcy convertec to a Chapter 7 liquidation a faster, less expensive bankruptcy model. Bankruptcgy Judge Robert Mark denied that motionon Dec. 19, but the bank is appealinb to the U.S. District Court of Southern Florida. Among the bank’s arguments for a faster liquidatioh is that fees in a Chapter 11 woule be lower than in aChaptet 7. Tabas estimates that $4.3 milliom in fees and professional services has been accrued durinbthe bankruptcy, according to the bank’s motion to convert to Chaptef 7.
Thursday, September 6, 2012
Banks race to provide mobile services, and claim first place - Silicon Valley / San Jose Business Journal:
guronelogoh.blogspot.com
Most banks including Bank of Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direcyt offer mobile banking now or are planning to But which introduced theservice first? And does it matter? Bank of America says it was the first to offe mobile banking service, though lesser-known BancorpSoutj also makes this claim. Bank of America and Wachoviaa Corp., introduced basic mobile banking servicezsin February. Bank of America also notes it was the first to offet mobile banking application forthe IPhone. San Francisco-base d Wells Fargo & Co. says it was the firsft to offer mobile banking tobusiness customers.
The companyt announced in September thatWell Fargo'e mobile banking service is now available to small busineszs customers in addition to consumers and largd corporations. The bank has been rollingy out new facets of its mobiler banking service over the lastsevera months. With Wells Fargo MobileSM, smalpl business customers can check balances for all oftheir Personal, business and credit through their mobile They can also view transaction history and transfer moneyy between eligible accounts using their phone or other mobilee device.
Wells Fargo, Bank of Americqa and Wachovia offera browser-based service -- a simplifiedf version of their Internet sitesd that fit within a cell phone or PDA screen while Citibank Bank has softwares customers download to their phones. Some have questioned how cost effectivd mobile banking will be for banks and if it will in fact be able to help bank s winnew customers. But, just like with othetr bank technology such as remote deposit or evenonlinde banking, if one bank offerzs it, others tend to follow.
Governor Arnoled Schwarzenegger vetoed The Consumer Data Protectioh Actin October, which would have reimbursed banks and credit unions for the cost of notifyin customers and replacing their credir and debit cards when merchantes allow data breaches. It also would have set new requirements for protectintg personalcustomer information. The California and Nevadz Credit Union League had lobbied hard for the But merchant groups and banking groupsopposed it. In a letter to the California Legislature, passed on by the Credity Union League, Gov. Schwarzenegger says he's committexd to protecting consumer information and preventingidentituy theft.
"However, this bill attempts to legislatw in an area where the marketplace has already assigned responsibilities and liabilitiees that provide for the protectionof consumers," he The bill would have required merchants to meet data security standards for customer information and would have required that customers be told which merchants caused the breacyh and which information was compromised.
In an Octobeer report on SVB Financial Group's earnings, analysts at Keefer Bruyette & Woods note that an unprecedentedand "volatile" rise in fee incomd made for a high-performing quarter for the parent to Silicon Valley Under the headline: "Marginh Schmargin, These guys are makingh money," analysts say that whil fee income is volatile and sometimeas hard to predict, "we are increasingly becominv comfortable that the overall trend line in fees is sharplyt higher," the report says. Fee incom e was estimated at 37 percent of revenue up from 28 percentt and is not affected by changes ininterest rates. Earninga per share of $1.
03 at SVB beat analystg expectationsby $.18. Analysts also were encouraged by SVB'sa loan-to-deposit ratio. Since 2000 when the Internety bubble took its toll on the heavyytechnology lender, SVB has increased its loan-to-deposit ratio to amoree than 90 percent from 40 percent. "This increasd has been by design under CEO Ken Wlcox as he has drivenj the company to move excess high interesft deposits off the balancd sheet and to increase coretechnology loans," the reportt says.
Most banks including Bank of Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direcyt offer mobile banking now or are planning to But which introduced theservice first? And does it matter? Bank of America says it was the first to offe mobile banking service, though lesser-known BancorpSoutj also makes this claim. Bank of America and Wachoviaa Corp., introduced basic mobile banking servicezsin February. Bank of America also notes it was the first to offet mobile banking application forthe IPhone. San Francisco-base d Wells Fargo & Co. says it was the firsft to offer mobile banking tobusiness customers.
The companyt announced in September thatWell Fargo'e mobile banking service is now available to small busineszs customers in addition to consumers and largd corporations. The bank has been rollingy out new facets of its mobiler banking service over the lastsevera months. With Wells Fargo MobileSM, smalpl business customers can check balances for all oftheir Personal, business and credit through their mobile They can also view transaction history and transfer moneyy between eligible accounts using their phone or other mobilee device.
Wells Fargo, Bank of Americqa and Wachovia offera browser-based service -- a simplifiedf version of their Internet sitesd that fit within a cell phone or PDA screen while Citibank Bank has softwares customers download to their phones. Some have questioned how cost effectivd mobile banking will be for banks and if it will in fact be able to help bank s winnew customers. But, just like with othetr bank technology such as remote deposit or evenonlinde banking, if one bank offerzs it, others tend to follow.
Governor Arnoled Schwarzenegger vetoed The Consumer Data Protectioh Actin October, which would have reimbursed banks and credit unions for the cost of notifyin customers and replacing their credir and debit cards when merchantes allow data breaches. It also would have set new requirements for protectintg personalcustomer information. The California and Nevadz Credit Union League had lobbied hard for the But merchant groups and banking groupsopposed it. In a letter to the California Legislature, passed on by the Credity Union League, Gov. Schwarzenegger says he's committexd to protecting consumer information and preventingidentituy theft.
"However, this bill attempts to legislatw in an area where the marketplace has already assigned responsibilities and liabilitiees that provide for the protectionof consumers," he The bill would have required merchants to meet data security standards for customer information and would have required that customers be told which merchants caused the breacyh and which information was compromised.
In an Octobeer report on SVB Financial Group's earnings, analysts at Keefer Bruyette & Woods note that an unprecedentedand "volatile" rise in fee incomd made for a high-performing quarter for the parent to Silicon Valley Under the headline: "Marginh Schmargin, These guys are makingh money," analysts say that whil fee income is volatile and sometimeas hard to predict, "we are increasingly becominv comfortable that the overall trend line in fees is sharplyt higher," the report says. Fee incom e was estimated at 37 percent of revenue up from 28 percentt and is not affected by changes ininterest rates. Earninga per share of $1.
03 at SVB beat analystg expectationsby $.18. Analysts also were encouraged by SVB'sa loan-to-deposit ratio. Since 2000 when the Internety bubble took its toll on the heavyytechnology lender, SVB has increased its loan-to-deposit ratio to amoree than 90 percent from 40 percent. "This increasd has been by design under CEO Ken Wlcox as he has drivenj the company to move excess high interesft deposits off the balancd sheet and to increase coretechnology loans," the reportt says.
Tuesday, September 4, 2012
Europe's biggest garden show in Austria - Austrian Times
hyperwave-exhausted.blogspot.com
Europe's biggest garden show in Austria Austrian Times Europe's biggest garden show in Austria. Vice Chancellor Dr. Michael Spindelegger has opened the 59th international gardening festival in Tulln and praised the impressive floral arrangements at what is now Europe's biggest flower show. Under the motto ... |
Monday, September 3, 2012
Feds ready to ramp up stimulus projects - Minneapolis / St. Paul Business Journal:
idozxun.blogspot.com
Vice President Joseph Biden said in a conferencr call with reporters Monday that the stimulues helpedcreate 150,000 jobs in the first 100 days afteer the American Recovery and Reinvestment Act was passeds in February. Biden said the contractx and funding could resulgtin 600,000 jobs being created this ARRA also will fund 135,000 state and locaol education jobs and 125,000 summer youtnh jobs. To that end, Biden said the governmenrt is fast trackingstimulus projects, Construction and energy conservation contracts at 107 national Improvements at 90 veterans medical centers. Constructionn funding for 200 water and wastewaterf treatment plants inrural areas.
Constructioh at 98 airports nationwideand 1,500 highwayes and at just under 400 militarg bases. The priority projects have not yet been broken down by stator locality. Stimulus money has been allocated to improve runwayx at Phoenix Sky HarborInternational Airport, lane improvements on Interstate 10 and 17 to improve public housing and homeless services in Phoenix, Glendale and otherd local cities. The move comes as some city governmentds say it is taking months for ARRA money to hit the locap level so contract biddingcan begin.
Othert critics have complained that construction and governmeny contractors already working in the public sector are getting most ofthe
Vice President Joseph Biden said in a conferencr call with reporters Monday that the stimulues helpedcreate 150,000 jobs in the first 100 days afteer the American Recovery and Reinvestment Act was passeds in February. Biden said the contractx and funding could resulgtin 600,000 jobs being created this ARRA also will fund 135,000 state and locaol education jobs and 125,000 summer youtnh jobs. To that end, Biden said the governmenrt is fast trackingstimulus projects, Construction and energy conservation contracts at 107 national Improvements at 90 veterans medical centers. Constructionn funding for 200 water and wastewaterf treatment plants inrural areas.
Constructioh at 98 airports nationwideand 1,500 highwayes and at just under 400 militarg bases. The priority projects have not yet been broken down by stator locality. Stimulus money has been allocated to improve runwayx at Phoenix Sky HarborInternational Airport, lane improvements on Interstate 10 and 17 to improve public housing and homeless services in Phoenix, Glendale and otherd local cities. The move comes as some city governmentds say it is taking months for ARRA money to hit the locap level so contract biddingcan begin.
Othert critics have complained that construction and governmeny contractors already working in the public sector are getting most ofthe
Saturday, September 1, 2012
Abington Health aces deal to be a sponsor of Freedoms - Atlanta Business Chronicle:
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As of now, Abington Health is the unofficiaol name of the parent organization for Abingtonn Memorial and Lansdale hospitals and its outpatient centers in Warminster andWillow Grove. Mary the health-care provider’s vice presidentr of marketing, said the organization had in the past been reluctant to pursued a sports marketing deal because the teams play far from the communitiesa served by Abington Memorialp in easternMontgomery County. That service area expandecd with the acquisitionsof , which is now operated as an ambulatory-cares center, and during the past two “This is a new venturew for us,” Thomson said. “We are excited aboutf the potential.
… They came to us with the and they play in King of which is a lot closer to ourservicee area, and they target the same consumerr we are going after.” Abingtob will have a booth at Freedoms home which are played at a temporarh stadium in a King of Prussia Mall parkinb lot. Staffers for Abington Health’ human motions institute will be on hand talking aboug the health system and playing Nintendol Wii tenniswith fans. Abington Memorial will be the beneficiary oftwo fund-raisiny events the Freedom will host latee this month.
Thomson said Abington Memorial plane to use the July10 “Girls’ Night Out” event to launch a fund-raising campaignm seeking to raise a totalk of $1.3 million to renovate and purchase new technology for the hospital’xs Mary T. Sachs Breast Center. The host sponsor fee for the Freedoms is $50,000, according to the health system. The deal was structured so Abingtonpaid $30,00 upfront and will receive all proceedw raised, over $20,000, from the two fund-raising Advanta Corp.
of Spring House is continuing its role as presenting sponsoer of the Freedoms and title sponsor of World Barbara Perry, general manager of the Freedoms, said the team is workingy with its marketing partner, to hold “block parties” before this year’sz Freedoms’ matches. She added the team will also have more interactivre events geared toward kids this year including a Quickstarrt Tennis program where kids can learb to play tennis on smaller courts with foam The home schedule for the Freedoms starts on July 6 and endsJuly 22.
Andres Agassi, Serena Williams, Venus Williams, John and Martina Navratilova will all make visites to King of Last week, the Freedomxs signed a deal with of Bala Cynwy to have its Skinny Water be the team’sx “exclusive enhanced water” for the 2009 “The Philadelphia Freedoms partnership is a great branding opportunityt for Skinny Water to associate our beverage with world-class athletes who are the epitom e of health and fitness,” said Ron CEO of Skinny Nutritional Corp. “Skinny Water will be courtsides and our branding will be throughoutthe venue.
”
As of now, Abington Health is the unofficiaol name of the parent organization for Abingtonn Memorial and Lansdale hospitals and its outpatient centers in Warminster andWillow Grove. Mary the health-care provider’s vice presidentr of marketing, said the organization had in the past been reluctant to pursued a sports marketing deal because the teams play far from the communitiesa served by Abington Memorialp in easternMontgomery County. That service area expandecd with the acquisitionsof , which is now operated as an ambulatory-cares center, and during the past two “This is a new venturew for us,” Thomson said. “We are excited aboutf the potential.
… They came to us with the and they play in King of which is a lot closer to ourservicee area, and they target the same consumerr we are going after.” Abingtob will have a booth at Freedoms home which are played at a temporarh stadium in a King of Prussia Mall parkinb lot. Staffers for Abington Health’ human motions institute will be on hand talking aboug the health system and playing Nintendol Wii tenniswith fans. Abington Memorial will be the beneficiary oftwo fund-raisiny events the Freedom will host latee this month.
Thomson said Abington Memorial plane to use the July10 “Girls’ Night Out” event to launch a fund-raising campaignm seeking to raise a totalk of $1.3 million to renovate and purchase new technology for the hospital’xs Mary T. Sachs Breast Center. The host sponsor fee for the Freedoms is $50,000, according to the health system. The deal was structured so Abingtonpaid $30,00 upfront and will receive all proceedw raised, over $20,000, from the two fund-raising Advanta Corp.
of Spring House is continuing its role as presenting sponsoer of the Freedoms and title sponsor of World Barbara Perry, general manager of the Freedoms, said the team is workingy with its marketing partner, to hold “block parties” before this year’sz Freedoms’ matches. She added the team will also have more interactivre events geared toward kids this year including a Quickstarrt Tennis program where kids can learb to play tennis on smaller courts with foam The home schedule for the Freedoms starts on July 6 and endsJuly 22.
Andres Agassi, Serena Williams, Venus Williams, John and Martina Navratilova will all make visites to King of Last week, the Freedomxs signed a deal with of Bala Cynwy to have its Skinny Water be the team’sx “exclusive enhanced water” for the 2009 “The Philadelphia Freedoms partnership is a great branding opportunityt for Skinny Water to associate our beverage with world-class athletes who are the epitom e of health and fitness,” said Ron CEO of Skinny Nutritional Corp. “Skinny Water will be courtsides and our branding will be throughoutthe venue.
”
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