USA Today | Roscoe Parrish out for season ESPN Buffalo Bills receiver and kick return specialist Roscoe Parrish will be out for the rest of the 2011 season after suffering an injury to his left ankle Sunday against the Oakland Raiders. The Bills were holding out hope that Parrish ... Bills WR Roscoe Parrish out for season with ankl! e injury Roscoe Parrish's ankle injury may have ended his season Bills place WR Parrish on injured reserve |
Thursday, September 29, 2011
Roscoe Parrish out for season - ESPN
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Tuesday, September 27, 2011
Orlando 7-Eleven converts to franchise - The Business Journal of Milwaukee:
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The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoliner station, will now be owned by franchised Ermal Metollari, a former store manager for five Dallas-based 7-Eleven Inc. announced plans in 2007 to converyt 100 existing locations in the state to franchised Store managers were invited to apply for thosed franchises before the offer went More than40 7-Eleven storesw in the Orlando market are now franchised, with about another 140 owned by the company.
Between eight to 10 7-Elevenh stores throughout the state are being converted into franchise operationse each month and plans to have most of the conversione nationwide completedby 2012, according to a news release. The compang operates, franchises or licenses about 7,800 stores in Norty America and morethan 36,100 stores in 15 countries. The companu reported 2008 sales of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoliner station, will now be owned by franchised Ermal Metollari, a former store manager for five Dallas-based 7-Eleven Inc. announced plans in 2007 to converyt 100 existing locations in the state to franchised Store managers were invited to apply for thosed franchises before the offer went More than40 7-Eleven storesw in the Orlando market are now franchised, with about another 140 owned by the company.
Between eight to 10 7-Elevenh stores throughout the state are being converted into franchise operationse each month and plans to have most of the conversione nationwide completedby 2012, according to a news release. The compang operates, franchises or licenses about 7,800 stores in Norty America and morethan 36,100 stores in 15 countries. The companu reported 2008 sales of morethan $53.7 billion.
Sunday, September 25, 2011
Cuisine Solutions scraps common stock - Washington Business Journal:
Danby Refrigerators
The Alexandria-based firm says its board has approvedr a recommendation from a speciao committee made up of its independent directores to cease registration ofthe company’s commohn stock. Cuisine Solutions says it is takingg the steps because of the substantial and increasinv costs of being an SEC reporting company and of regulatoru compliance withthe Sarbanes-Oxley Act. The companh says becoming a privately-heldc company will save it about $800,000 a It also cites the limited volume of tradintg and liquidity ofthe company’s shares.
The compan plans to submit the plan, which will also include a premiumm to someexisting shareholders, at a speciaol meeting for shareholders later this The plan calls for paying small shareholders a premiuk while giving large shareholders a stake in the Those holding 5,000 shares or fewer will received $1.3p0 per share. Cuisine Solutiond stock (NYSE: FZN), which closed at 93 cents Wednesday, was trading at $1.11 Cuisine Solutions saw revenue fall in almost everuy category of its sales channelslast quarter. Sales to food service customers, retail outlets and restaurants all Sales to the militarhy rose more than 23 percent and now accountg for the largest share ofits revenue.
Cuisine Solutions fisca l third quarter revenuewas $21.1 down 16.4 percent from a year ago. It reportee a net loss of $691,000, or 4 cents per share compared to a net lossof $410,00 0 or 2 cents per share in the same quarter a year ago.
The Alexandria-based firm says its board has approvedr a recommendation from a speciao committee made up of its independent directores to cease registration ofthe company’s commohn stock. Cuisine Solutions says it is takingg the steps because of the substantial and increasinv costs of being an SEC reporting company and of regulatoru compliance withthe Sarbanes-Oxley Act. The companh says becoming a privately-heldc company will save it about $800,000 a It also cites the limited volume of tradintg and liquidity ofthe company’s shares.
The compan plans to submit the plan, which will also include a premiumm to someexisting shareholders, at a speciaol meeting for shareholders later this The plan calls for paying small shareholders a premiuk while giving large shareholders a stake in the Those holding 5,000 shares or fewer will received $1.3p0 per share. Cuisine Solutiond stock (NYSE: FZN), which closed at 93 cents Wednesday, was trading at $1.11 Cuisine Solutions saw revenue fall in almost everuy category of its sales channelslast quarter. Sales to food service customers, retail outlets and restaurants all Sales to the militarhy rose more than 23 percent and now accountg for the largest share ofits revenue.
Cuisine Solutions fisca l third quarter revenuewas $21.1 down 16.4 percent from a year ago. It reportee a net loss of $691,000, or 4 cents per share compared to a net lossof $410,00 0 or 2 cents per share in the same quarter a year ago.
Friday, September 23, 2011
Analysts like Apple
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Thanks to an upgrade from Morgan Stanley, Steve Jobs saw the valuee of his Apple shares increasreabout $50 million in one tradinv day. Analyst Kathryn Huberty at Morgan upgraded the sharesafrom “equal weight” to “overweight” causing an almosty 7 percent rise in Apple’s sharew and contributing to an almos t 3.5 percent rise in the Huberty believes that the mobile Internet (using cell phones to get market is poised to explode with a potentialk 4 billion cell phone users moving to smarf phones. “We believe Apple is emergintg as the clear leadert in the battle over themobilew Internet,” she wrote in her research note.
“Smart phones are taking increasing shares from traditional handsetsand Apple’s iPhone currentlu leads market share of the mobile iPhone’s share of the mobile Interne market has gone from 5 percent to the currenrt 38 percent in one year. With the price of the iPhoneas being the biggest hurdle forthe sales, the anticipatesd price cuts could drive demand up by 50 percentg to 100 percent dependingh on the amount of price reduction. Also, current iPhone users upgrading to new versions could reach15 percent, according to Huberty. She has raisedc her earnings estimatesto $5.48 per shar e from $5.23 for 2009, to $7.03 from $5.38 for and to $8.83 from $5.85 in 2011.
Thomsonh Reuters reports that analysts it follows are lookingh for earningsof $6.19 in 2010 and $6.511 in 2011.
Thanks to an upgrade from Morgan Stanley, Steve Jobs saw the valuee of his Apple shares increasreabout $50 million in one tradinv day. Analyst Kathryn Huberty at Morgan upgraded the sharesafrom “equal weight” to “overweight” causing an almosty 7 percent rise in Apple’s sharew and contributing to an almos t 3.5 percent rise in the Huberty believes that the mobile Internet (using cell phones to get market is poised to explode with a potentialk 4 billion cell phone users moving to smarf phones. “We believe Apple is emergintg as the clear leadert in the battle over themobilew Internet,” she wrote in her research note.
“Smart phones are taking increasing shares from traditional handsetsand Apple’s iPhone currentlu leads market share of the mobile iPhone’s share of the mobile Interne market has gone from 5 percent to the currenrt 38 percent in one year. With the price of the iPhoneas being the biggest hurdle forthe sales, the anticipatesd price cuts could drive demand up by 50 percentg to 100 percent dependingh on the amount of price reduction. Also, current iPhone users upgrading to new versions could reach15 percent, according to Huberty. She has raisedc her earnings estimatesto $5.48 per shar e from $5.23 for 2009, to $7.03 from $5.38 for and to $8.83 from $5.85 in 2011.
Thomsonh Reuters reports that analysts it follows are lookingh for earningsof $6.19 in 2010 and $6.511 in 2011.
Wednesday, September 21, 2011
UR exhibit fuses poetry, images - The Daily News Online
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UR exhibit fuses poetry, images The Daily News Online ROCHESTER â€" The University of Rochester opens Thursday the largest ever exhibition of the graphic art of Kenneth Patchen, the controversial 20th century poet-painter who pioneered the anti-novel, concrete poetry, poetry-jazz, and picture-poems. ... |
Monday, September 19, 2011
Somalian PM to plead in Toronto for famine aid - Toronto Star
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Buffalo News | Somalian PM to plead in Toronto for famine aid Toronto Star Somalian Prime Minister Abdiweli Mohamed Ali, whose famine-stricken country needs shipments of food and medicine, has brought his appeal for aid to Toronto. “We have provided as much as we can, but we cannot do it alone,†he told the Star before an ... In Somalia, years of damage to undo Conditions worsen for famine-wracked Somalia, improve in Ethiopia Somalia: State's Warring Sides Urged to Jointly Help Famine Victims |
Saturday, September 17, 2011
Visual Studio 11 Support for CodeRush Demonstrated at the BUILD Windows Conference - Sacramento Bee
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Visual Studio 11 Support for CodeRush Demonstrated at the BUILD Windows Conference Sacramento Bee Consume-first declaration, powerful templates, smart selection tools, intelligent code analysis, innovative navigation and an unrivalled collection of refactorings all work together to dramatically increase developer productivity. ... |
Wednesday, September 14, 2011
CPS staff recommending nuclear option - South Florida Business Journal:
moffaiqohegesa1490.blogspot.com
The cost of expanding STP to includ e twoadditional reactors, each capablde of generating 1,350 megawatta of electricity, would run somewhered between $10 billion and $13 according to CPS Energy interim General Manager Steve Bartley. “Anyy route we take will be expensivse and will requirebill increases,” Bartley says. “Wer believe all methods of producing electricity will cost more as timegoes on, so we are lookingf for the best way to slow cost escalatio n as much as possible and retain Greater San Antonio’s position as having the lowest energ y bills among the nation’s 20 largesyt cities.
” Bartley says it is better to pay some of that cost soonerd to avoid having to pay much more in the long The staff recommendation followws a three-year, detailed study of CPS’ various energy options. Now the CPS Boarde will conducta summer-long public education and input proces s before making a final decision on pursuing the recommendation in September. If the proposal could go before the City Council for final consideration in CPS Energy CEO Miltob Lee says despite laudabls effortsat conservation, San Antonio will experience a shortfall in electrical generation by 2020 unlessw new sources of energy are tapped.
“We’ve carefully examined many scenarios involvingnatural gas, nuclear and even purchasee power from the Texas grid to provide our communityy with a large-scale, long-term, cost-competitive source of electricity,” Lee says. “We’vwe concluded that expansion of STP has the highest probabilitg of accomplishing that important CPS Energy isthe nation’s largesg municipally owned energy company providing both natural gas and electrivc service. Acquired by the City of San Antoniooin 1942, the company serves approximately 700,0009 electric customers and almost 320,00o natural gas customers in and aroundf America’s seventh-largest city.
The cost of expanding STP to includ e twoadditional reactors, each capablde of generating 1,350 megawatta of electricity, would run somewhered between $10 billion and $13 according to CPS Energy interim General Manager Steve Bartley. “Anyy route we take will be expensivse and will requirebill increases,” Bartley says. “Wer believe all methods of producing electricity will cost more as timegoes on, so we are lookingf for the best way to slow cost escalatio n as much as possible and retain Greater San Antonio’s position as having the lowest energ y bills among the nation’s 20 largesyt cities.
” Bartley says it is better to pay some of that cost soonerd to avoid having to pay much more in the long The staff recommendation followws a three-year, detailed study of CPS’ various energy options. Now the CPS Boarde will conducta summer-long public education and input proces s before making a final decision on pursuing the recommendation in September. If the proposal could go before the City Council for final consideration in CPS Energy CEO Miltob Lee says despite laudabls effortsat conservation, San Antonio will experience a shortfall in electrical generation by 2020 unlessw new sources of energy are tapped.
“We’ve carefully examined many scenarios involvingnatural gas, nuclear and even purchasee power from the Texas grid to provide our communityy with a large-scale, long-term, cost-competitive source of electricity,” Lee says. “We’vwe concluded that expansion of STP has the highest probabilitg of accomplishing that important CPS Energy isthe nation’s largesg municipally owned energy company providing both natural gas and electrivc service. Acquired by the City of San Antoniooin 1942, the company serves approximately 700,0009 electric customers and almost 320,00o natural gas customers in and aroundf America’s seventh-largest city.
Monday, September 12, 2011
Filling NCR headquarters space to be difficult - Pittsburgh Business Times:
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Brokers said donating NCR’s NCR) 1.3 million-square-foot building to an educationj institution or the city of Daytojn may be thebest bet. The brokerd said trying to market the space to anothe corporate user would be difficult as there are few single users out there needing thatmuch space. It could be parcelex into an office complex for multiple NCR intends to sellthe building, a companuy spokesperson said. The five-story property is amongy the largest office buildings in theDayton area. Paul owner and broker with Dayton-basesd , said a good option would be to donates the building tothe .
NCR would gain the benefitsz of atax write-off and the universityh would have a business campus, complete with parking, a cafeteria and plenty of space for classrooms, to mold for its “I bet they’ve already talked about donating it to UD,” Hutchines said. “Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tecnh technology center.” Mark Fornes, owner of Centerville-based , “It would be really nice if they give it to Fornes said. “It would be a nice gesture in returh for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Pattersonj Blvd.
, sits on 54
Brokers said donating NCR’s NCR) 1.3 million-square-foot building to an educationj institution or the city of Daytojn may be thebest bet. The brokerd said trying to market the space to anothe corporate user would be difficult as there are few single users out there needing thatmuch space. It could be parcelex into an office complex for multiple NCR intends to sellthe building, a companuy spokesperson said. The five-story property is amongy the largest office buildings in theDayton area. Paul owner and broker with Dayton-basesd , said a good option would be to donates the building tothe .
NCR would gain the benefitsz of atax write-off and the universityh would have a business campus, complete with parking, a cafeteria and plenty of space for classrooms, to mold for its “I bet they’ve already talked about donating it to UD,” Hutchines said. “Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tecnh technology center.” Mark Fornes, owner of Centerville-based , “It would be really nice if they give it to Fornes said. “It would be a nice gesture in returh for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Pattersonj Blvd.
, sits on 54
Saturday, September 10, 2011
Homebuilders seek $7K tax credit for buyers - The Business Review (Albany):
http://artslit.org/handbook_handbook.html
If approved by the Legislature, the incentive would be in additionb to a federal tax credit of up to although the state credit would be available tomore people. Unlikre the federal program, the state credit wouldn’t be limited to first-time buyers nor would it have incomr restrictions, said Philip LaRocque, executive vice president of the . The stated credit could be appliedto one- and two-familg homes and condos costing up to $1 and could be taken for the firsty three years of “The federal first-time buyer credit is but having it limited to first-timde buyers with stipulated income limits has put a drag on LaRocque said.
Even though the association representw builders, LaRocque said the proposed tax credit woulcd apply to new or existing homes becausd the excess inventory of existing homee hashurt new-home sales. Builders are having a tough time gettinf buyersto commit. The number of residentiapl permits issued last yearin Albany, Rensselaer, Saratogz and Schenectady counties was the lowest since 1982 on a per-unig and per-building basis, according to U.S. Censusx figures compiled by the Capital District Regional Planning Permits were issuedfor 1,817 units in 1,20w buildings, the lowest since 1982, when permits were issued for 1,35r units in 933 buildings.
The figures includse single- and multi-family buildings. A single-family home is considered one unit in one a multi-family is one building with several units. in Guilderland, one of the region’s biggest residentialk builders, laid off some people and cut its marketingb budget as a result of a 22 percent declin in saleslast year, said George Amedore Jr., executivs vice president. Amedore and other builders believd buyer sentiment has begunto improve, but so far that’ s not reflected in the number of permits issued statewide.
Construction of single- and multi-family units in New York is down 65 percentf during the first quarter comparefto 2008, and down 77 percent compared to according to the builders “Both single- and multi-family fell off the LaRocque said. The tax credit proposal comex at a time when state legislatoresand Gov. David Paterso are contending witha multi-billion dollat budget deficit and may be loathe to give up more tax An industry-backed study contends the state will see a net gain becausre the credit will increasd home purchases, thereby generatingh taxes for the state and local governments, professional fees and salee of major appliances.
LaRocque hopess the study will counteractresistance he’s getting in the Legislatur e because of concerns about losing “There is resistance because right now they’re lookinvg at red numbers,” LaRocque said. “They’re lookingh at a gap ... we’re looking at how to fill
If approved by the Legislature, the incentive would be in additionb to a federal tax credit of up to although the state credit would be available tomore people. Unlikre the federal program, the state credit wouldn’t be limited to first-time buyers nor would it have incomr restrictions, said Philip LaRocque, executive vice president of the . The stated credit could be appliedto one- and two-familg homes and condos costing up to $1 and could be taken for the firsty three years of “The federal first-time buyer credit is but having it limited to first-timde buyers with stipulated income limits has put a drag on LaRocque said.
Even though the association representw builders, LaRocque said the proposed tax credit woulcd apply to new or existing homes becausd the excess inventory of existing homee hashurt new-home sales. Builders are having a tough time gettinf buyersto commit. The number of residentiapl permits issued last yearin Albany, Rensselaer, Saratogz and Schenectady counties was the lowest since 1982 on a per-unig and per-building basis, according to U.S. Censusx figures compiled by the Capital District Regional Planning Permits were issuedfor 1,817 units in 1,20w buildings, the lowest since 1982, when permits were issued for 1,35r units in 933 buildings.
The figures includse single- and multi-family buildings. A single-family home is considered one unit in one a multi-family is one building with several units. in Guilderland, one of the region’s biggest residentialk builders, laid off some people and cut its marketingb budget as a result of a 22 percent declin in saleslast year, said George Amedore Jr., executivs vice president. Amedore and other builders believd buyer sentiment has begunto improve, but so far that’ s not reflected in the number of permits issued statewide.
Construction of single- and multi-family units in New York is down 65 percentf during the first quarter comparefto 2008, and down 77 percent compared to according to the builders “Both single- and multi-family fell off the LaRocque said. The tax credit proposal comex at a time when state legislatoresand Gov. David Paterso are contending witha multi-billion dollat budget deficit and may be loathe to give up more tax An industry-backed study contends the state will see a net gain becausre the credit will increasd home purchases, thereby generatingh taxes for the state and local governments, professional fees and salee of major appliances.
LaRocque hopess the study will counteractresistance he’s getting in the Legislatur e because of concerns about losing “There is resistance because right now they’re lookinvg at red numbers,” LaRocque said. “They’re lookingh at a gap ... we’re looking at how to fill
Thursday, September 8, 2011
'I'm not a hero' says woman who saved teen's life after train accident - Fox 31 KDVR.com
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Daily Beast | 'I'm not a hero' says woman who saved teen's life after train accident Fox 31 KDVR.com LONGMONT, Colo. -- A CSU freshman continues to recover after she lost both her legs Monday when she fell under a train after she tried to jump aboard in Longmont. Now 17-year-old Anna Beninati is recovering in a Denver hospital thanks t! o the amazing ... Calm aid-givers reassured Utah teen maimed in train accident, who asked: 'Am I ... Nurse describes quick thinking that saved Sandy teen's life Nurse recounts helping Sandy teen after train accident in Colo. |
Tuesday, September 6, 2011
Delta pares planned international bag fee - Minneapolis / St. Paul Business Journal:
exceeding-commissioner.blogspot.com
Atlanta-based Delta (NYSE: DAL) told the AP Wednesdayu it now plans to chargea $50 fee for second checkecd bags only on flights between the United States and Europe. "We constantlg monitor the industry landscaps to ensure our fares and fees are Delta said inan e-mail statement. "To that end, Delta made a competitivse decision to chargethe $50 international second checked bag fee only on routesz between the United States and Europe." In April, the world’z largest carrier said it . The new chargd was expected togenerate $100 million Delta did not say how much revenure the scaled back plan will The new fee is effective for trave starting July 1.
First checked bags on internationapl flightsare free. Active military, first business class and elite frequent flierw are exempt from thenew fee. The so-called of services, which includes baggage has been a strong source of revenu e for mostmajor U.S. carriers. Deltz and its major U.S. competitors already levy fees for firsyt and second checked bag ondomestic flights.
Atlanta-based Delta (NYSE: DAL) told the AP Wednesdayu it now plans to chargea $50 fee for second checkecd bags only on flights between the United States and Europe. "We constantlg monitor the industry landscaps to ensure our fares and fees are Delta said inan e-mail statement. "To that end, Delta made a competitivse decision to chargethe $50 international second checked bag fee only on routesz between the United States and Europe." In April, the world’z largest carrier said it . The new chargd was expected togenerate $100 million Delta did not say how much revenure the scaled back plan will The new fee is effective for trave starting July 1.
First checked bags on internationapl flightsare free. Active military, first business class and elite frequent flierw are exempt from thenew fee. The so-called of services, which includes baggage has been a strong source of revenu e for mostmajor U.S. carriers. Deltz and its major U.S. competitors already levy fees for firsyt and second checked bag ondomestic flights.
Saturday, September 3, 2011
ABX parent boosts 1Q profit as revenue falls - Business First of Columbus:
mozybyd.wordpress.com
Wilmington-based said it earned $11. 1 million, or 18 cents a share, in the firs quarter. That compares with profit of $3.79 million, or 6 cents a share, in the same perio d a year ago. Air Transport in the quarter was helped by an amended pricing agreemen twith DHL, its largest customer, that effectivelyh had fixed the company’s pre-tax earnings for the fourtg quarter of 2008 and last quarter. That agreementf was struck in November, when Air Transport also modifieda $93 milliom promissory note with DHL and came to an agreement on otherr debt-related issues. The company’s first-quarter revenue fell 27 percentyto $280.6 million from $382.
1 million last CEO Joe Hete in a release cautioned that while the profit increase for the quarter is “impressive and gratifying,” it doesn’t “suggestg improvement in the markets we serve, or rule out the prospecr of further reductions in our business with DHL.” DHL just last monthg confirmed plans to relocate its package-sorting operations back to its formeer hub at the Cincinnati/Northern Kentucky Internationall Airport and vacate the city of Air Transport said this week that it expects DHL to completse the move by the end of the third when another 900 ABX jobs in the southwest Ohio city will As of early this year, ABX had cut roughlh 3,000 jobs in the wake of DHL’s pland to eventually pull out of The company in just the last month has cut nearlyy 700 more, according to filings with the Ohio Departmen of Job and Family Services.
Hete said DHL has indicatesd it plans to continue using ABX for some domesticd shipping operations at leastthrough Aug. 15 of this year or next despitr the move to the Cincinnati area. The company in the past severap months has been working to growthe non-DHp side of its business as Air Transport (NASDAQ:ATSG) last year lost $56 millionn on $1.6 billion in revenue.
Wilmington-based said it earned $11. 1 million, or 18 cents a share, in the firs quarter. That compares with profit of $3.79 million, or 6 cents a share, in the same perio d a year ago. Air Transport in the quarter was helped by an amended pricing agreemen twith DHL, its largest customer, that effectivelyh had fixed the company’s pre-tax earnings for the fourtg quarter of 2008 and last quarter. That agreementf was struck in November, when Air Transport also modifieda $93 milliom promissory note with DHL and came to an agreement on otherr debt-related issues. The company’s first-quarter revenue fell 27 percentyto $280.6 million from $382.
1 million last CEO Joe Hete in a release cautioned that while the profit increase for the quarter is “impressive and gratifying,” it doesn’t “suggestg improvement in the markets we serve, or rule out the prospecr of further reductions in our business with DHL.” DHL just last monthg confirmed plans to relocate its package-sorting operations back to its formeer hub at the Cincinnati/Northern Kentucky Internationall Airport and vacate the city of Air Transport said this week that it expects DHL to completse the move by the end of the third when another 900 ABX jobs in the southwest Ohio city will As of early this year, ABX had cut roughlh 3,000 jobs in the wake of DHL’s pland to eventually pull out of The company in just the last month has cut nearlyy 700 more, according to filings with the Ohio Departmen of Job and Family Services.
Hete said DHL has indicatesd it plans to continue using ABX for some domesticd shipping operations at leastthrough Aug. 15 of this year or next despitr the move to the Cincinnati area. The company in the past severap months has been working to growthe non-DHp side of its business as Air Transport (NASDAQ:ATSG) last year lost $56 millionn on $1.6 billion in revenue.
Thursday, September 1, 2011
Regulators tell Anchor BanCorp to boost capital - The Business Journal of Milwaukee:
inokyfyli.blogspot.com
The agreement also places restrictionss onthe Madison-based bank and its holding company ABCW) on paying dividends, using debt financing and making commercialk loans, the bank said Friday “The agreement is a formalization and regulatory acknowledgment of the challengex we have been addressing since last fall,” said Mark executive vice president of Anchor BanCorp and president of subsidiary . The bank and holdinf company must provide to the Officw of Thrift Supervision arevised three-year businesxs plan and quarterly reports. Timmerman said an agreement announced earlier this monthextendiny Anchor’s line of credit agreement with U.S.
Bank and its partner through May 31, 2010 “will certainly help us to executd our plans to raise additional capital.” Chris Bauer, who on Monday was named the new president and CEO of Anchort BanCorp, said he is confident the steps the companyu is taking, in cooperatio with the Office of Thrift Supervision and the company’ws lenders, will help ensure that the companuy continues serving Wisconsin families and businesses. the one-time chief executive of Milwaukee’sa Firstar Bank, succeeded Douglas Timmerman. Anchor BanCorp also announced Friday a net lossof $43.3e million, or $2.05 per for the quarter ended March 31, compared with a net incomed of $5.
6 million, or 27 cents, for the same quarter in 2008. The company posted a net loss of $228.w million, or $10.83 per for the year endingh March 31, compared with net income of $31.q1 million, or $1.48 per in the same period a year earlier. The company said lossesx for the fiscal year were driven primarilty by increases in the provisio n forloan losses, which were $205.7 million durinh the fiscal year, and management’s decisionj in the third fiscal quarter to write off accumulatecd goodwill in its entirety, resulting in a $72.2 million non-cash chargs against income. For the quarteer ended March 31, Anchor’s loan loss provisionw were $56.4 million, compared with $10.
4 millionh for the same perioe ayear ago. The company had $5.27 billiob in assets on March 31, compared with $5.1 billion a year earlier.
The agreement also places restrictionss onthe Madison-based bank and its holding company ABCW) on paying dividends, using debt financing and making commercialk loans, the bank said Friday “The agreement is a formalization and regulatory acknowledgment of the challengex we have been addressing since last fall,” said Mark executive vice president of Anchor BanCorp and president of subsidiary . The bank and holdinf company must provide to the Officw of Thrift Supervision arevised three-year businesxs plan and quarterly reports. Timmerman said an agreement announced earlier this monthextendiny Anchor’s line of credit agreement with U.S.
Bank and its partner through May 31, 2010 “will certainly help us to executd our plans to raise additional capital.” Chris Bauer, who on Monday was named the new president and CEO of Anchort BanCorp, said he is confident the steps the companyu is taking, in cooperatio with the Office of Thrift Supervision and the company’ws lenders, will help ensure that the companuy continues serving Wisconsin families and businesses. the one-time chief executive of Milwaukee’sa Firstar Bank, succeeded Douglas Timmerman. Anchor BanCorp also announced Friday a net lossof $43.3e million, or $2.05 per for the quarter ended March 31, compared with a net incomed of $5.
6 million, or 27 cents, for the same quarter in 2008. The company posted a net loss of $228.w million, or $10.83 per for the year endingh March 31, compared with net income of $31.q1 million, or $1.48 per in the same period a year earlier. The company said lossesx for the fiscal year were driven primarilty by increases in the provisio n forloan losses, which were $205.7 million durinh the fiscal year, and management’s decisionj in the third fiscal quarter to write off accumulatecd goodwill in its entirety, resulting in a $72.2 million non-cash chargs against income. For the quarteer ended March 31, Anchor’s loan loss provisionw were $56.4 million, compared with $10.
4 millionh for the same perioe ayear ago. The company had $5.27 billiob in assets on March 31, compared with $5.1 billion a year earlier.
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