Opposing Views | Thunder, Rockets Trade Fallout: Putting the James Harden Deal in Perspective Opposing Views In a trade that shocked the most snark-encrusted NBA observers, the Oklahoma City Thunder shipped their hellaciously talented, hirsute guard James Harden to the Houston Rockets for an assemblage of spare parts. Harden, the reigning sixth-man of the ... |
Wednesday, October 31, 2012
Thunder, Rockets Trade Fallout: Putting the James Harden Deal in Perspective - Opposing Views
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Tuesday, October 30, 2012
Liberty National Life faces license revocation - South Florida Business Journal:
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Kevin McCarty’s order follows a five-month onsite investigatio n last yearat Liberty’ National’s Ala., office, during which more than 7,000 life insurance applicationws were reviewed. Investigators found 1,149 violations, of whichb 1,053 were for discriminatory practices, according to a news releass from the Florida Department ofInsurance Regulation. Liberty National has abour 182,000 policies in Florida. “Discrimination of any kind by an insurancd company will not be toleratee bythis office,” Deputy Commissioner Mary Beth Senkewica said in a news release.
“Wr will do everything withibn our power to ensure that Floridaa consumers are protected from suchunconscionable practices.” The companyu is alleged to have refused to issuew life insurance policies based on national origin, potential lawfulk travel and citizenship. A significan t number of consumers affected by the practices were of Haitianh originor descent, according to the news Liberty National has more than 170 offices throughout the U.S. and more than 6,500o sales representatives, according to its Web Efforts to reach comment from Liberty National were notimmediatelyg successful. However, in a SEC filing, the company'sz parent, .
, said it believes the state'es actions were not warranted and the compang will vigorously respond tothe allegations. "The Florida regulator's claims relate to past underwriting practices of the companuy with regard to applications submitted by personss who lived inthis country, but who were not Unitedd States citizens. This legal status results in risk analysis, processin and proof differences which Libertt National believes an insurer lawfully may take into thecompany wrote.
"The company believes that the Florida Office of Insurance Regulationh has misinterpreted the facts insignificanft respects, believes that its past and currentf practices were consistent with Florida law at the and is optimistic that a satisfactoryy resolution of this matter can be achievedc through appropriate administrative procedures." Liberty Nationalk has 21 days to respond to the state.
Kevin McCarty’s order follows a five-month onsite investigatio n last yearat Liberty’ National’s Ala., office, during which more than 7,000 life insurance applicationws were reviewed. Investigators found 1,149 violations, of whichb 1,053 were for discriminatory practices, according to a news releass from the Florida Department ofInsurance Regulation. Liberty National has abour 182,000 policies in Florida. “Discrimination of any kind by an insurancd company will not be toleratee bythis office,” Deputy Commissioner Mary Beth Senkewica said in a news release.
“Wr will do everything withibn our power to ensure that Floridaa consumers are protected from suchunconscionable practices.” The companyu is alleged to have refused to issuew life insurance policies based on national origin, potential lawfulk travel and citizenship. A significan t number of consumers affected by the practices were of Haitianh originor descent, according to the news Liberty National has more than 170 offices throughout the U.S. and more than 6,500o sales representatives, according to its Web Efforts to reach comment from Liberty National were notimmediatelyg successful. However, in a SEC filing, the company'sz parent, .
, said it believes the state'es actions were not warranted and the compang will vigorously respond tothe allegations. "The Florida regulator's claims relate to past underwriting practices of the companuy with regard to applications submitted by personss who lived inthis country, but who were not Unitedd States citizens. This legal status results in risk analysis, processin and proof differences which Libertt National believes an insurer lawfully may take into thecompany wrote.
"The company believes that the Florida Office of Insurance Regulationh has misinterpreted the facts insignificanft respects, believes that its past and currentf practices were consistent with Florida law at the and is optimistic that a satisfactoryy resolution of this matter can be achievedc through appropriate administrative procedures." Liberty Nationalk has 21 days to respond to the state.
Monday, October 29, 2012
Trey Songz, Yo La Tengo & Calexico, Speedwolf and More in This Week's New ... - Riverfront Times (blog)
lehoquvuhu.wordpress.com
Riverfront Times (blog) | Trey Songz, Yo La Tengo & Calexico, Speedwolf and More in This Week's New ... Riverfront Times (blog) Here again: every newly announced show for the week! On page one you'll find a quick list of shows that particularly caught our attention, followed by embedded YouTube videos; there, you can check out some of the artists you may no t be familiar with. |
Saturday, October 27, 2012
Who's Hiring - St. Louis Business Journal:
ysynut.wordpress.com
Are you starting to see any impact of stimuluas spending onengineering jobs? “Impact” might be a littld strong. The first round of so-callee stimulus money went to what are beingcallex shovel-ready projects. That generally means there no longe r is any engineeringwork needed. A lot of moneyy is going for asphalt overlays or highway In terms of providing for new jobs or throwingv any money into theprivate sector, it doesn’t do You seem a little The frustrating part is not havinvg an easy way to get answersx from the federal government. That’w the nature of the beast. There is no infrastructurse czar. Yet. Are there any bright spots?
I am startinh to hear a little bit about wated projectstrickling out.
Are you starting to see any impact of stimuluas spending onengineering jobs? “Impact” might be a littld strong. The first round of so-callee stimulus money went to what are beingcallex shovel-ready projects. That generally means there no longe r is any engineeringwork needed. A lot of moneyy is going for asphalt overlays or highway In terms of providing for new jobs or throwingv any money into theprivate sector, it doesn’t do You seem a little The frustrating part is not havinvg an easy way to get answersx from the federal government. That’w the nature of the beast. There is no infrastructurse czar. Yet. Are there any bright spots?
I am startinh to hear a little bit about wated projectstrickling out.
Friday, October 26, 2012
Collenette takes helm at S.F. Colliers - San Francisco Business Times:
paramonaxogilozi.blogspot.com
Collenette joins Colliers after spending the last sevenj years putting together partnerships to buy apartmentr complexes across the WesternUnited States. The partnershipe invested $150 million in rental projects. Collenette, a native of the Unitesd Kingdom, said he missed the camaraderie and competitiom of the brokerage business aftere he led a partnership that bought 211Sutter St. He moved his offices into the penthouses at 211Sutter St. and has been managing the building.
“Brokerage is something that I havealwayd enjoyed, because it’s a people And it gives you the opportunity to help peoplee who need help in a tough economyy — whether clients struggling to fill a building or sell a building or get or brokers in the firsf stage of their career lookingf for guidance,” he Collenette arrived in San Francisco in 1984 to lead Knowlton A few years later, he formedd Stubbs, and gained a reputatioj as brash mavericks who ruffled feathers by relentlessly tryinvg to poach other brokerages’ The firm was sold to in 1996.
Collenette joins Colliers after spending the last sevenj years putting together partnerships to buy apartmentr complexes across the WesternUnited States. The partnershipe invested $150 million in rental projects. Collenette, a native of the Unitesd Kingdom, said he missed the camaraderie and competitiom of the brokerage business aftere he led a partnership that bought 211Sutter St. He moved his offices into the penthouses at 211Sutter St. and has been managing the building.
“Brokerage is something that I havealwayd enjoyed, because it’s a people And it gives you the opportunity to help peoplee who need help in a tough economyy — whether clients struggling to fill a building or sell a building or get or brokers in the firsf stage of their career lookingf for guidance,” he Collenette arrived in San Francisco in 1984 to lead Knowlton A few years later, he formedd Stubbs, and gained a reputatioj as brash mavericks who ruffled feathers by relentlessly tryinvg to poach other brokerages’ The firm was sold to in 1996.
Wednesday, October 24, 2012
Rudiger Grube Executive Profile
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**All Executive profile data provider byDow Jones & Co., Inc.
**All Executive profile data provider byDow Jones & Co., Inc.
Tuesday, October 23, 2012
Arts & Science Council slashes funding for Charlotte Symphony - Charlotte Business Journal:
grachevakautawil.blogspot.com
The council has allocated $900,000 for the orchestra for its nextfiscal year, down from $1.9 million this The fiscal year starts July 1. The ASC has agreecd to give theorchestra $75,000 in July and but future payments will hinged on a satisfactory review by the council of the orchestra’s economic viability. “Even in the best of the business of running a symphony orchestr is complexand challenging,” says ASC Chied Executive Lee Keesler. “ASC understands and appreciates the effortx being madeby (Executive Director) Jonathahn Martin, his staff and boared to reposition the organization for long-term success.
We providw this restricted funding to support theCharlottd Symphony’s determination and implementation of a new strategicc path forward that is economically viable.” The Charlottde Symphony has received funding from the ASC sincee 1958 and has historically received the organization’xs largest operating grant. In the last 15 the council hasgranted $26.2 million to the symphony. The cut in fundintg comes at a time when the ASC and the symphonyhare struggling. In March, the ASC laid off eighgt employees, almost a thirdd of its staff. The job cuts followed an annual fund drive thatraised $7 37 percent below an $11.2 million goal.
The shortfall has meanft generally smaller grants for arts groups that use ASC fundingh to help finance their The 77-year-old orchestra recently cut four jobs and askedf its board members for financial support. It also expects to make wage concessionws fromits musicians. The ASC was founded 50 years ago to raises moneyfor Charlotte-area cultural organizations and to coordinate fund-raisingt campaigns in an annual drive.
The council has allocated $900,000 for the orchestra for its nextfiscal year, down from $1.9 million this The fiscal year starts July 1. The ASC has agreecd to give theorchestra $75,000 in July and but future payments will hinged on a satisfactory review by the council of the orchestra’s economic viability. “Even in the best of the business of running a symphony orchestr is complexand challenging,” says ASC Chied Executive Lee Keesler. “ASC understands and appreciates the effortx being madeby (Executive Director) Jonathahn Martin, his staff and boared to reposition the organization for long-term success.
We providw this restricted funding to support theCharlottd Symphony’s determination and implementation of a new strategicc path forward that is economically viable.” The Charlottde Symphony has received funding from the ASC sincee 1958 and has historically received the organization’xs largest operating grant. In the last 15 the council hasgranted $26.2 million to the symphony. The cut in fundintg comes at a time when the ASC and the symphonyhare struggling. In March, the ASC laid off eighgt employees, almost a thirdd of its staff. The job cuts followed an annual fund drive thatraised $7 37 percent below an $11.2 million goal.
The shortfall has meanft generally smaller grants for arts groups that use ASC fundingh to help finance their The 77-year-old orchestra recently cut four jobs and askedf its board members for financial support. It also expects to make wage concessionws fromits musicians. The ASC was founded 50 years ago to raises moneyfor Charlotte-area cultural organizations and to coordinate fund-raisingt campaigns in an annual drive.
Monday, October 22, 2012
Barack Obama regains footing; on home turf on foreign policy - Economic Times
cicugaha.wordpress.com
Economic Times | Barack Obama regains footing; on home turf on foreign policy Economic Times If a "week is a long time in politics" - as British Prime Minister Harold Wilson said nearly half-a-century ago - two weeks are an eternity in an American presidential election. That's what the first two debates between President Obama and Republican ... Analysis: Obama regains his footing in feisty second debate Obama regains footing in second debate Our View: Obama regains debate footing |
Saturday, October 20, 2012
House expands health insurance to children - Minneapolis / St. Paul Business Journal:
llrx-royce.blogspot.com
The House also voted to creat e a new agency charge with improving the delivery of healtg care acrossthe state. Both measuresx now head to the Senate. Housde Bill 2016, dubbed the “Healthy Kids — Healthyt Oregon” measure by Gov. Ted would increase taxes on hospitald and health insurersby $150 milliom per year, making the state eligible for an additionapl $500 million in unclaimerd federal dollars. It passed the House by a 36-2e4 vote.
House Bill 2009, which allocates two-year fundin g of $3 million from the state’s generalo fund, creates the to oversee existing state programd that touch on health The new state agency is chargec with establishing health industry cost controp measures and with promoting healthb care reform at anational level. It passede by a 38-22 vote.
The House also voted to creat e a new agency charge with improving the delivery of healtg care acrossthe state. Both measuresx now head to the Senate. Housde Bill 2016, dubbed the “Healthy Kids — Healthyt Oregon” measure by Gov. Ted would increase taxes on hospitald and health insurersby $150 milliom per year, making the state eligible for an additionapl $500 million in unclaimerd federal dollars. It passed the House by a 36-2e4 vote.
House Bill 2009, which allocates two-year fundin g of $3 million from the state’s generalo fund, creates the to oversee existing state programd that touch on health The new state agency is chargec with establishing health industry cost controp measures and with promoting healthb care reform at anational level. It passede by a 38-22 vote.
Friday, October 19, 2012
Luxembourg's Prince Guillaume marries - AFP
zuloraxelewo.blogspot.com
AFP | Luxembourg's Prince Guillaume marries AFP The 28-year-old bride, who will acquire Luxembourg citizenship through marriage, and the 30-year-old groom tied the knot at city hall in what was a departure from tradition, as previous royal ceremonies were held at the Grand-Ducal palace. Flanked by ... |
Thursday, October 18, 2012
Banks lead Wall Street rebound - Austin Business Journal:
iqukikofor.wordpress.com
Wells Fargo said it expectsz first quarter earningsof $3 a bottom line helped by the bank'ds January acquisition of That was the kind of encouragement investores needed. The Dow Jones industrial indezjumped 2.9 percent to 8,061.08 and the S&P 500 climbeds 3.3 percent to 852.47. Localp stocks enjoyed the run-up, with 11 companies postint share price gains of 5 percenftor more. Not all local firms fared so well 's (NYSE: GFG) shares dropped 14 percenrt on news that federal regulators issued an order for the company to improv e its financial condition by May 21 or find a buyerr forits assets. Shares of (Nasdaq: GOLF) also dropped 18 percentf to 90 cents. • (NYSE: ACC) up 8.
5 percenty to $19.77; • (Nasdaq: BEXP) up 5 percen to $1.85; • (NYSE: CIA) up 9.5 percengt to $7.95; • (Nasdaq: DELL) up 5.4 percent to $10.74; (Nasdaq: EZPW) up 8 percent to • (NYSE: FOR) up 10 percenrt to $10.79; • (NYSE: FPP) up 10 percenft to $1.80; • (Nasdaq: up 6 percent to • (Nasdaq: STRS) up 26 percent to • (NYSE: TIN) up 11 percent to • (Nasdaq: VLNC) up 13 percent to $2.21.
Wells Fargo said it expectsz first quarter earningsof $3 a bottom line helped by the bank'ds January acquisition of That was the kind of encouragement investores needed. The Dow Jones industrial indezjumped 2.9 percent to 8,061.08 and the S&P 500 climbeds 3.3 percent to 852.47. Localp stocks enjoyed the run-up, with 11 companies postint share price gains of 5 percenftor more. Not all local firms fared so well 's (NYSE: GFG) shares dropped 14 percenrt on news that federal regulators issued an order for the company to improv e its financial condition by May 21 or find a buyerr forits assets. Shares of (Nasdaq: GOLF) also dropped 18 percentf to 90 cents. • (NYSE: ACC) up 8.
5 percenty to $19.77; • (Nasdaq: BEXP) up 5 percen to $1.85; • (NYSE: CIA) up 9.5 percengt to $7.95; • (Nasdaq: DELL) up 5.4 percent to $10.74; (Nasdaq: EZPW) up 8 percent to • (NYSE: FOR) up 10 percenrt to $10.79; • (NYSE: FPP) up 10 percenft to $1.80; • (Nasdaq: up 6 percent to • (Nasdaq: STRS) up 26 percent to • (NYSE: TIN) up 11 percent to • (Nasdaq: VLNC) up 13 percent to $2.21.
Tuesday, October 16, 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Houston Business Journal:
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The board of Six Flags (OTCBB: voted last week to begin reorganizatio proceedingsin U.S. Bankruptc y Court for the Districtof Delaware. The company listede assets of $3.03 billion and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founderBill Gates, owns 11.1 percent of the votinv securities in New York-based Six Flags, the largest share, bankruptcuy documents show. Six Flags has 97.7 millionm shares of common stockand 1.1 milliohn shares of preferred stock. "Th current management team inheriteda $2.
4 billion debt load that canno t be sustained, particularly in thesse challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "Ax a result, we are cleaning up the past and positioning the company for futuregrowtgh ... Following a record year of performancein 2008, whic h completed the three-year turnaround of our system-wide park this action to cleann up the balance sheet paves the way for a full reviva of the company," Shapirol said. Elitch Gardens had operated for more than a centuryt at a northwestDenver site. The old Elitch Gardens shut downin 1994, and a new version of the amusementr park opened a year later in downtown Denver.
The locap Gurtler family and its financial partners sold the new park to PremietrParks Inc. in 1996 for $65 million. It became Six Flagss Elitch Gardens two years when Premier acquired SixFlags Inc. and changedd its corporate name toSix Flags. Six Flags sold off Elitch's and other properties in 2007 in a serieds of transactions that left the Denvedr attraction in the handx of CNL IncomeProperties Inc., a real estat e investment trust based in Orlando, Fla. CNL reportedl y paid $312 million for the properties. CNL arrange d for Parc Management LLC of Florids tomanage Elitch's.
Six Flags now operatea about 20 North Americanamusement
The board of Six Flags (OTCBB: voted last week to begin reorganizatio proceedingsin U.S. Bankruptc y Court for the Districtof Delaware. The company listede assets of $3.03 billion and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founderBill Gates, owns 11.1 percent of the votinv securities in New York-based Six Flags, the largest share, bankruptcuy documents show. Six Flags has 97.7 millionm shares of common stockand 1.1 milliohn shares of preferred stock. "Th current management team inheriteda $2.
4 billion debt load that canno t be sustained, particularly in thesse challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "Ax a result, we are cleaning up the past and positioning the company for futuregrowtgh ... Following a record year of performancein 2008, whic h completed the three-year turnaround of our system-wide park this action to cleann up the balance sheet paves the way for a full reviva of the company," Shapirol said. Elitch Gardens had operated for more than a centuryt at a northwestDenver site. The old Elitch Gardens shut downin 1994, and a new version of the amusementr park opened a year later in downtown Denver.
The locap Gurtler family and its financial partners sold the new park to PremietrParks Inc. in 1996 for $65 million. It became Six Flagss Elitch Gardens two years when Premier acquired SixFlags Inc. and changedd its corporate name toSix Flags. Six Flags sold off Elitch's and other properties in 2007 in a serieds of transactions that left the Denvedr attraction in the handx of CNL IncomeProperties Inc., a real estat e investment trust based in Orlando, Fla. CNL reportedl y paid $312 million for the properties. CNL arrange d for Parc Management LLC of Florids tomanage Elitch's.
Six Flags now operatea about 20 North Americanamusement
Monday, October 15, 2012
Free Chick-fil-A meal on July 10 - New Mexico Business Weekly:
polinaagyvtiwu.blogspot.com
The giveaway is part of the Atlanta-baseds chain’s fifth-annual Cow Appreciation Day, which honors its "Eatf Mor Chikin" Cows. In a related promotion, parentes can enter photos of theire cow-clad children as part of a "Show Us the online photo contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childrebn ages 10 and younger are encouraged to work with an adult to submitf creative photos of themselves dressedas cows. The contestt Web site, www.CowAppreciationDay.com, has details about uploading photos for the Once the picturesare uploaded, the publicv can vote for their favorite photo through Aug. 31.
The 20 photographd that get the most Internett votes will benamed semifinalists. From the Chick-fil-A will select five finalistws and one grand prize winner based onoverall quality, appearance, originality, creativituy and skill. The entrant'x age will be taken into accounrfor judging, Chick-fil-A said. The grand prizr winner will receivea U.S. Series EE Savingsw Bond with a maturity valueof $1,000, a catered partg for their classroom, free Chick-fil-A Kid's Meals for a year and a digitap camera, among other gifts. Also each Kid' s Meal from June 22 to July 25 will include miniaturreCow figurines, while supplies last.
One out of every 100 of the cows will have gold spotsx instead of the traditional black spots and will be packagexd with a card redeemable for a freeIce cream.
The giveaway is part of the Atlanta-baseds chain’s fifth-annual Cow Appreciation Day, which honors its "Eatf Mor Chikin" Cows. In a related promotion, parentes can enter photos of theire cow-clad children as part of a "Show Us the online photo contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childrebn ages 10 and younger are encouraged to work with an adult to submitf creative photos of themselves dressedas cows. The contestt Web site, www.CowAppreciationDay.com, has details about uploading photos for the Once the picturesare uploaded, the publicv can vote for their favorite photo through Aug. 31.
The 20 photographd that get the most Internett votes will benamed semifinalists. From the Chick-fil-A will select five finalistws and one grand prize winner based onoverall quality, appearance, originality, creativituy and skill. The entrant'x age will be taken into accounrfor judging, Chick-fil-A said. The grand prizr winner will receivea U.S. Series EE Savingsw Bond with a maturity valueof $1,000, a catered partg for their classroom, free Chick-fil-A Kid's Meals for a year and a digitap camera, among other gifts. Also each Kid' s Meal from June 22 to July 25 will include miniaturreCow figurines, while supplies last.
One out of every 100 of the cows will have gold spotsx instead of the traditional black spots and will be packagexd with a card redeemable for a freeIce cream.
Saturday, October 13, 2012
More complaints on proposed Waterford deal - Business First of Buffalo:
grachevakautawil.blogspot.com
Nearly 30 shareholders, includint former Waterford PresidentKathleen Flemming, have writtenn letters of objection to Richard Neiman, superintendent of the state Bankinbg Department. The letters request The proposed acquisition be delayed or rejected until the statr Banking Department determines whether the bank is following provisionzs of a cease and desist order issued in Bank shareholdersbe informed, in by the state Bankinhg Department about whether the terms of the ceaswe and desist order will continue if the bank is acquired. Full disclosuree of the financial impacg of the acquisition be included on the acquisition applicationn to the stateBanking Department.
The departmenyt discloses the potential financial impact toexisting shareholders. The department requires the bank to produc financial statements from the last two quarterz in 2008 and the firs two quartersof 2009. The letters, signefd by shareholders, were sent July 14 to the stat Banking Department as part of a package compiled by Joseph an attorney for LLP who is representing They follow a lettetr sent July 1 to the department by local businessmanHormos Mansouri, who made similar appeals.
In June, shareholderzs received a letter from Waterford Presidentg Orrin Tobbe outlining the proposed deal with VCH a new banking company that has requested permissioh from the state Banking Departmentto form. VCH Bank will be led by Jasonm Aintabi of NewYork who, under the proposed acquisitiohn agreement, would pay $9 millionh to acquire the At the time, Tobbe said the money will be used to make the bank and to allow the bank to invest in locao companies and residential mortgages. The deal must be approveed by the state Banking Department andthe bank’s shareholders. Under the shareholders would received two cente per each dollar invested inthe start-upl bank, Manna said.
But shareholders originally paid $10 per share, he Tobbe’s June letter, meanwhile, said shareholders would received 50 percent ofthe bank’z aggregate deposits at the time the acquisition is Jill Schultz, attorney for the said an “expansive” letter will be sent this week to shareholders that explains the proposed deal and answers shareholders’ Schultz, of the Burnsa & Schultz law firm in said Tobbe has received support from other “At least 45 percent (of the bank’s shareholders) have been talking to Orrinj Tobbe and have expressed that they are in of the acquisition, Schultz said.
It is uncleare how the remainingshareholders feel, she In a cover letter to Manna said that this group of shareholderse own about 18 percent of the bank’s total shares, an amount equal to more than $1.8 million. He said the bank’z board of directors “has not adequately communicated with the shareholderzs about the financial status of the the proposed merger or the cease anddesist order.” The Banking Boared was supposed to discuss the proposed acquisitionm earlier this month, but the meeting was The board is schedulefd to meet again on Aug. 6.
Nearly 30 shareholders, includint former Waterford PresidentKathleen Flemming, have writtenn letters of objection to Richard Neiman, superintendent of the state Bankinbg Department. The letters request The proposed acquisition be delayed or rejected until the statr Banking Department determines whether the bank is following provisionzs of a cease and desist order issued in Bank shareholdersbe informed, in by the state Bankinhg Department about whether the terms of the ceaswe and desist order will continue if the bank is acquired. Full disclosuree of the financial impacg of the acquisition be included on the acquisition applicationn to the stateBanking Department.
The departmenyt discloses the potential financial impact toexisting shareholders. The department requires the bank to produc financial statements from the last two quarterz in 2008 and the firs two quartersof 2009. The letters, signefd by shareholders, were sent July 14 to the stat Banking Department as part of a package compiled by Joseph an attorney for LLP who is representing They follow a lettetr sent July 1 to the department by local businessmanHormos Mansouri, who made similar appeals.
In June, shareholderzs received a letter from Waterford Presidentg Orrin Tobbe outlining the proposed deal with VCH a new banking company that has requested permissioh from the state Banking Departmentto form. VCH Bank will be led by Jasonm Aintabi of NewYork who, under the proposed acquisitiohn agreement, would pay $9 millionh to acquire the At the time, Tobbe said the money will be used to make the bank and to allow the bank to invest in locao companies and residential mortgages. The deal must be approveed by the state Banking Department andthe bank’s shareholders. Under the shareholders would received two cente per each dollar invested inthe start-upl bank, Manna said.
But shareholders originally paid $10 per share, he Tobbe’s June letter, meanwhile, said shareholders would received 50 percent ofthe bank’z aggregate deposits at the time the acquisition is Jill Schultz, attorney for the said an “expansive” letter will be sent this week to shareholders that explains the proposed deal and answers shareholders’ Schultz, of the Burnsa & Schultz law firm in said Tobbe has received support from other “At least 45 percent (of the bank’s shareholders) have been talking to Orrinj Tobbe and have expressed that they are in of the acquisition, Schultz said.
It is uncleare how the remainingshareholders feel, she In a cover letter to Manna said that this group of shareholderse own about 18 percent of the bank’s total shares, an amount equal to more than $1.8 million. He said the bank’z board of directors “has not adequately communicated with the shareholderzs about the financial status of the the proposed merger or the cease anddesist order.” The Banking Boared was supposed to discuss the proposed acquisitionm earlier this month, but the meeting was The board is schedulefd to meet again on Aug. 6.
Friday, October 12, 2012
WESST gets matching funds from Allstate Foundation - New Mexico Business Weekly:
vanbeekdulejos1771.blogspot.com
WESST officials said they can add 40 more participantws to the IDA program withthe funds. The program is an intensives 10-week money management course. Participants open savings accounts, and for every dollafr they put into the WESST putsin four. Participants can use the money for developing asmall business, buying a home or paying for highet education. The grant will support WESST’s in Albuquerques and Las Cruces. The objective is to help the borrower buy an but also to change habits and attitudez about moneyand credit. Agnes Noonan, executive directorr of WESST, said the program is impacting people’ws lives.
One participant she met recently is using her IDA savings to pay for books as she worksz towardan associate’s degree in business. WESST is a statewide economic development organization that cultivates offering microloansand training. It opened a smal l business incubator earlier this yearin
WESST officials said they can add 40 more participantws to the IDA program withthe funds. The program is an intensives 10-week money management course. Participants open savings accounts, and for every dollafr they put into the WESST putsin four. Participants can use the money for developing asmall business, buying a home or paying for highet education. The grant will support WESST’s in Albuquerques and Las Cruces. The objective is to help the borrower buy an but also to change habits and attitudez about moneyand credit. Agnes Noonan, executive directorr of WESST, said the program is impacting people’ws lives.
One participant she met recently is using her IDA savings to pay for books as she worksz towardan associate’s degree in business. WESST is a statewide economic development organization that cultivates offering microloansand training. It opened a smal l business incubator earlier this yearin
Thursday, October 11, 2012
Target partnering with shopping site Daily Candy - Minneapolis / St. Paul Business Journal:
ysynut.wordpress.com
Target.com’s Red Hot Shop area this month started featuring products selected by editorsat , the women’sa fashion and lifestyle Web site ownee by Philadelphia-based cable television giant Thered is also artwork and editorial content from the DailyCandy team, publishew an e-mail newsletter that's distributed to an estimatef 2.5 million subscribers, mostly female, in a dozen markets. It circulatesa heavily among the fashion-conscious set, making it a likely partnerf with Target, which has long emphasizedr its style and partnershipswith well-known designers.
Under a deal struck with DailyCandulast year, the media site is leveraging its relationshipe with up-and-coming designers to create products exclusively for the Red Hot It also builds on a larger advertising deal in whichn Target is paying to advertise with Minneapolis-based Target (NYSE: TGT) wouldn’t discloser the financial details of the agreement. The marketing partnership is but another example of retailers gettingt creative with how they use theirWeb sites. Target.comm has also used advertisements generatedby Google. Targe says the Google ads give Web site guests more information and optionw to find what they arelooking for. Revenuew generated from the adsallows Target.
coj to offer features such as free shipping.
Target.com’s Red Hot Shop area this month started featuring products selected by editorsat , the women’sa fashion and lifestyle Web site ownee by Philadelphia-based cable television giant Thered is also artwork and editorial content from the DailyCandy team, publishew an e-mail newsletter that's distributed to an estimatef 2.5 million subscribers, mostly female, in a dozen markets. It circulatesa heavily among the fashion-conscious set, making it a likely partnerf with Target, which has long emphasizedr its style and partnershipswith well-known designers.
Under a deal struck with DailyCandulast year, the media site is leveraging its relationshipe with up-and-coming designers to create products exclusively for the Red Hot It also builds on a larger advertising deal in whichn Target is paying to advertise with Minneapolis-based Target (NYSE: TGT) wouldn’t discloser the financial details of the agreement. The marketing partnership is but another example of retailers gettingt creative with how they use theirWeb sites. Target.comm has also used advertisements generatedby Google. Targe says the Google ads give Web site guests more information and optionw to find what they arelooking for. Revenuew generated from the adsallows Target.
coj to offer features such as free shipping.
Tuesday, October 9, 2012
Book buzz: Lena Dunham signs $3.5 million deal - USA TODAY
grihanovveimavox.blogspot.com
Examiner.com | Book buzz: Lena Dunham signs $3.5 million deal USA TODAY 2012 - Here's a look at what's buzzing in the books world today: Lena Dunham signs deal: The bidding war is over. Random House has acquired Lena Dunham's essay collection, Not That Kind of Girl: A Young Woman Tells You What She's Learned, for more ... Lena Dunham sells book for $3.7 million Lena Dunham takes literary leap, follows Nora Ephron (natur » |
Monday, October 8, 2012
Matt Kenseth's debut at Dover helped out Georgia's grieving first-family of ... - SB Nation
ejyceh.wordpress.com
Matt Kenseth's debut at Dover helped out Georgia's grieving first-family of ... SB Nation Matt Kenseth is certainly one of today's top stars in the NASCAR Sprint Cup Series. He has a Winston Cup at home on his mantle, alongside two Harley J. Earl Trophies he earned for his 2009 and 2012 Daytona 500 triumphs. He also possesses one of the ... |
Saturday, October 6, 2012
ECONOMY: Gasoline prices curtail discretionary spending - Press-Enterprise
ysynut.wordpress.com
Press-Enterprise | ECONOMY: Gasoline prices curtail discretionary spending Press-Enterprise Putting enough gasoline into your car to get to and from work is one of those expenditures that's considered a necessity, which means a lot of items that might be classified as luxuries take a back seat when the price of fuel gets close to $5 per gallon. |
Friday, October 5, 2012
Cry, then fly - Sacramento Business Journal:
ovaluleq.wordpress.com
So, it's far from a surprisr that airlines are balking at the cost ofa far-reachinh expansion of the . At leasr 11 airlines -- including , which accountsa for about half of the passengerlevels -- have sent letter s protesting the price of the $1.3 billiojn project to the . The board agreec to double airport fees over the next four from thecurrent $6 per passenger to $9 on July 1, and a fee increaswe to $13.63 in 2013. The heftier fees, including a rent will help pay down the debt forthe Airlines, which have been facing a bumpy ride since the 11 terror attacks almost seven yearx ago, say the expansion is too pricey.
The cash-strapped airlinex have every right tobe concerned, especially becausd the Sacramento airport will become one of the costlies in the nation if the highest rate of $13.63 goes into But the airport has also been a bargaibn to the airlines for decades while the community has enduresd the less-than-friendly Terminal B, a 40-year-old building that has more achesz and pains -- and dark sides -- than an out-of-work Hollywoos actor enduring a mid-life crisis. The airlinex should dig a little deepet and get on board withthe project.
Let's be airlines might pay the increasedpassengef fee, but it's consumers who ultimately, at least underf most circumstances, foot the majorith of the bill. For example, do we need to gently remindr airlines aboutthe so-calleds fuel surcharges that are being added to domestic and international flights becauswe of record-high fuel prices? airlines are being hammered for jet but passengers are getting nailee with higher-priced tickets, too. Airlines also coul d argue that some passengers might bypass the Sacramentl airport because of the higher passengefr fees in favor of the three Bay Area airports andpossiblu lower-priced flights.
But any passenger able to buy a deal withthe check-in process and remember everything they cannot carryh through security is likely smart enoug to figure that driving 50 miles-plus to save a few dollar is a money-losing Sacramento is a tale of two airports, and the billion-dolladr project can definitely make it a much-bettet story. Terminal A is bright, easy-to-use (except when the securith line extends to the bridge to theparkiny garage) and feels like a much-largerr terminal, definitely a compliment and not a jab. But Terminalo B -- complete with its decades-old look and overwhelmedd securityarea -- is just bad, boriny and bothersome.
The city desperately needs, and deserves, a state-of-the-arrt terminal. Airlines that operate in Terminal B would benefit the most from theconstruction project, but everyone gains from the effort. The airport, and the has few options aftefselling $500 million-plus in bondsa a few weeks ago. Quites simply, that flight has left the runway. the airport could scale back its commitmeny to the community andits plan, probablt saving tens of millions of dollars, if not even Airport executives and county supervisors were right to staned their ground. The region deserves a first-clas airport, with two modern-day not an economy-class stopover.
Airlines have every righr to complain aboutthe cost; then they should get on boar d or clear the way for other carrierss who are willing to serve -- and see the valuee in -- Sacramento.
So, it's far from a surprisr that airlines are balking at the cost ofa far-reachinh expansion of the . At leasr 11 airlines -- including , which accountsa for about half of the passengerlevels -- have sent letter s protesting the price of the $1.3 billiojn project to the . The board agreec to double airport fees over the next four from thecurrent $6 per passenger to $9 on July 1, and a fee increaswe to $13.63 in 2013. The heftier fees, including a rent will help pay down the debt forthe Airlines, which have been facing a bumpy ride since the 11 terror attacks almost seven yearx ago, say the expansion is too pricey.
The cash-strapped airlinex have every right tobe concerned, especially becausd the Sacramento airport will become one of the costlies in the nation if the highest rate of $13.63 goes into But the airport has also been a bargaibn to the airlines for decades while the community has enduresd the less-than-friendly Terminal B, a 40-year-old building that has more achesz and pains -- and dark sides -- than an out-of-work Hollywoos actor enduring a mid-life crisis. The airlinex should dig a little deepet and get on board withthe project.
Let's be airlines might pay the increasedpassengef fee, but it's consumers who ultimately, at least underf most circumstances, foot the majorith of the bill. For example, do we need to gently remindr airlines aboutthe so-calleds fuel surcharges that are being added to domestic and international flights becauswe of record-high fuel prices? airlines are being hammered for jet but passengers are getting nailee with higher-priced tickets, too. Airlines also coul d argue that some passengers might bypass the Sacramentl airport because of the higher passengefr fees in favor of the three Bay Area airports andpossiblu lower-priced flights.
But any passenger able to buy a deal withthe check-in process and remember everything they cannot carryh through security is likely smart enoug to figure that driving 50 miles-plus to save a few dollar is a money-losing Sacramento is a tale of two airports, and the billion-dolladr project can definitely make it a much-bettet story. Terminal A is bright, easy-to-use (except when the securith line extends to the bridge to theparkiny garage) and feels like a much-largerr terminal, definitely a compliment and not a jab. But Terminalo B -- complete with its decades-old look and overwhelmedd securityarea -- is just bad, boriny and bothersome.
The city desperately needs, and deserves, a state-of-the-arrt terminal. Airlines that operate in Terminal B would benefit the most from theconstruction project, but everyone gains from the effort. The airport, and the has few options aftefselling $500 million-plus in bondsa a few weeks ago. Quites simply, that flight has left the runway. the airport could scale back its commitmeny to the community andits plan, probablt saving tens of millions of dollars, if not even Airport executives and county supervisors were right to staned their ground. The region deserves a first-clas airport, with two modern-day not an economy-class stopover.
Airlines have every righr to complain aboutthe cost; then they should get on boar d or clear the way for other carrierss who are willing to serve -- and see the valuee in -- Sacramento.
Thursday, October 4, 2012
Thousands of Tampa Bay homes could be without TV Friday - Los Angeles Business from bizjournals:
jiqatili.wordpress.com
percent of households in the Tampa Bay area will go Although that represents morethan 28,000 households in the region, it’s stil well ahead of the nationak average of 2.5 That means 2.8 million householdd could be without television signal by the weekend unlesws they purchase digital televisiomn sets, connect to cabl e or satellite, or purchase a converter box, accordinhg to The digital transition was supposed to happenj in February, but federal officials delayed that move for thre months after millions of homes would lose television. During those threre months the number of homess completely unready for the transition was cut in halffrom 5.
8 “Given the importance that televisiom plays in the day-to-day life of most people, we expect that most of the remaininhg unready homes will take the necessary steps to get readuy once the stations make the final switch to digital said Sara Erichson, president of media cliengt services for Nielsen, in a release. Congress created the digita switch in 2005 as a way to free up analogy spectrum for cellular phone companies and others that could use signal that has been in use by television stations for Nielsen based its data on its Nationa People Meter panel as well as localmetereed panels. The Tampa-Sarasota television markeg also cut its number of unready homes in halffrom 3.
28 percentg in February to 1.55 percent in June. much of that drop happenede through April. In Florida, the Fort Myers-Naples market has the best percentagde of prepared households with less than 1 percent completely unread for thedigital transition, representing fewer than 5,000 homes. The Orlando-Daytona Beach-Melbourne market has 1.45 percentr of its households completelu unready, representing more than 21,200 homes. The biggest problej area statewide remainsin Miami-Fort Lauderdalse where 2.81 percent, or 43,468 homes, are completely unreadhy for the digital transition on Friday. Albuquerque-Santa Fe has the worst percentage of unreadyg householdsat 7.58 percent.
Los Angeles has the most numbere ofhouseholds unready, standing currently at
percent of households in the Tampa Bay area will go Although that represents morethan 28,000 households in the region, it’s stil well ahead of the nationak average of 2.5 That means 2.8 million householdd could be without television signal by the weekend unlesws they purchase digital televisiomn sets, connect to cabl e or satellite, or purchase a converter box, accordinhg to The digital transition was supposed to happenj in February, but federal officials delayed that move for thre months after millions of homes would lose television. During those threre months the number of homess completely unready for the transition was cut in halffrom 5.
8 “Given the importance that televisiom plays in the day-to-day life of most people, we expect that most of the remaininhg unready homes will take the necessary steps to get readuy once the stations make the final switch to digital said Sara Erichson, president of media cliengt services for Nielsen, in a release. Congress created the digita switch in 2005 as a way to free up analogy spectrum for cellular phone companies and others that could use signal that has been in use by television stations for Nielsen based its data on its Nationa People Meter panel as well as localmetereed panels. The Tampa-Sarasota television markeg also cut its number of unready homes in halffrom 3.
28 percentg in February to 1.55 percent in June. much of that drop happenede through April. In Florida, the Fort Myers-Naples market has the best percentagde of prepared households with less than 1 percent completely unread for thedigital transition, representing fewer than 5,000 homes. The Orlando-Daytona Beach-Melbourne market has 1.45 percentr of its households completelu unready, representing more than 21,200 homes. The biggest problej area statewide remainsin Miami-Fort Lauderdalse where 2.81 percent, or 43,468 homes, are completely unreadhy for the digital transition on Friday. Albuquerque-Santa Fe has the worst percentage of unreadyg householdsat 7.58 percent.
Los Angeles has the most numbere ofhouseholds unready, standing currently at
Tuesday, October 2, 2012
Moneta's Schick establishes University of Missouri-St. Louis professorship - Business First of Columbus:
aaekipolo.blogspot.com
Alumnus Peter Schick, chairman of the , has pledgerd $1.7 million to establish an endowedd professorship in finance in the Collegr ofBusiness Administration. The endowment will be knowj as thePeter G. Schick Professorship in Finance at The professorship, which will be the firsy endowed position for the college's finance will be filled through a national search. Moneta Group is a financiap advisory company basedin Clayton, Mo. Also on UMSL established a new partnership with the to creates the Center for Excellence in Financial Counseling at The FCE is a nonprofit dedicatef to improving thefinancial well-being of consumers through the professionalk development of financial counselors.
Assorted assetsa of the foundation totalinghabout $3.25 million will be donated to UMSL. The Cente for Excellence in Financial Counseling will be locatedcon UMSL's South It is expected to open in July.
Alumnus Peter Schick, chairman of the , has pledgerd $1.7 million to establish an endowedd professorship in finance in the Collegr ofBusiness Administration. The endowment will be knowj as thePeter G. Schick Professorship in Finance at The professorship, which will be the firsy endowed position for the college's finance will be filled through a national search. Moneta Group is a financiap advisory company basedin Clayton, Mo. Also on UMSL established a new partnership with the to creates the Center for Excellence in Financial Counseling at The FCE is a nonprofit dedicatef to improving thefinancial well-being of consumers through the professionalk development of financial counselors.
Assorted assetsa of the foundation totalinghabout $3.25 million will be donated to UMSL. The Cente for Excellence in Financial Counseling will be locatedcon UMSL's South It is expected to open in July.
Monday, October 1, 2012
Ford will stop Claycomo F-150 production for a week - Dallas Business Journal:
fusajacuxejilyp.blogspot.com
The UAW Local 249 posted the information in a newslettet on itsWeb site. Local 249 Vice Presidentg Bobby Wyse confirmed Monday that the informationjis accurate. The production stoppage comes a week befored an alreadyscheduled one-week summer break for the entiree plant starting June 29, a Local 249 spokeswoman said. The plant also is schedule for a summer break during the weekof Aug. 17. Salesd of Ford F-series trucks were 33,381 in May, up 16 percent from 28,7577 in April but down 22.3 percen t from 42,973 in May 2008.
UAW Local 249 said the slight increasein month-to-mont h sales enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-150 truck plant in Dearborn, Mich., but the down week was left intacf at the Kansas City Assembly Plant. “This is partially due to depleted funds forthe state’s Division of Unemploymeny in Michigan, making down weeks at (Dearborn) less of an the Local 249 said in the Local 249 added that sales projections continue to be less than the five shiftzs at the two truck plants can produce if they work full time througg the 2010 production year. Ford runs two shift s at Claycomo and threein Dearborn.
Wyse said Ford is considerinh once again moving a shif t fromthe F-150 side of the Kansas City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved about 800 workerd from a second shift on the F-15o side of the Kansas City plant to a third shift on the SUV side. The employees were movede back tothe F-150 side on Jan. 12. Ford Escape sales in May reached 16,391, up 20.6 percent from 13,595 in April but down 7.2 percent from 17,667 in May 2008. The Kansaes City Assembly Plant also produces the Mercurgy Mariner and hybrid versions of the Ford Escapde andMercury Mariner.
Combined salex of hybrid versions of the Ford Mercury Milan, Ford Escapew and Mercury Mariner reached 3,906 in May, a new companyy record. The old sales recorrd of 3,420 hybrid vehicles was set inApriol 2006. As of May, Ford’s Kansaz City Assembly Plant in Claycomo hadabout 3,9090 hourly and 200 salaried employees.
The UAW Local 249 posted the information in a newslettet on itsWeb site. Local 249 Vice Presidentg Bobby Wyse confirmed Monday that the informationjis accurate. The production stoppage comes a week befored an alreadyscheduled one-week summer break for the entiree plant starting June 29, a Local 249 spokeswoman said. The plant also is schedule for a summer break during the weekof Aug. 17. Salesd of Ford F-series trucks were 33,381 in May, up 16 percent from 28,7577 in April but down 22.3 percen t from 42,973 in May 2008.
UAW Local 249 said the slight increasein month-to-mont h sales enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-150 truck plant in Dearborn, Mich., but the down week was left intacf at the Kansas City Assembly Plant. “This is partially due to depleted funds forthe state’s Division of Unemploymeny in Michigan, making down weeks at (Dearborn) less of an the Local 249 said in the Local 249 added that sales projections continue to be less than the five shiftzs at the two truck plants can produce if they work full time througg the 2010 production year. Ford runs two shift s at Claycomo and threein Dearborn.
Wyse said Ford is considerinh once again moving a shif t fromthe F-150 side of the Kansas City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved about 800 workerd from a second shift on the F-15o side of the Kansas City plant to a third shift on the SUV side. The employees were movede back tothe F-150 side on Jan. 12. Ford Escape sales in May reached 16,391, up 20.6 percent from 13,595 in April but down 7.2 percent from 17,667 in May 2008. The Kansaes City Assembly Plant also produces the Mercurgy Mariner and hybrid versions of the Ford Escapde andMercury Mariner.
Combined salex of hybrid versions of the Ford Mercury Milan, Ford Escapew and Mercury Mariner reached 3,906 in May, a new companyy record. The old sales recorrd of 3,420 hybrid vehicles was set inApriol 2006. As of May, Ford’s Kansaz City Assembly Plant in Claycomo hadabout 3,9090 hourly and 200 salaried employees.
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