iwyqaxewun.wordpress.com
The change reflects the bank’s continueds integration with , which acquired Charlotte-basex on Dec. 31. “By adopting the Wellxs Fargo nameand brand, we’re now full y part of one of the world’s most respected financial companies,” says Neil Ryan, chief executive of Wellsd Fargo Bank International. “We look forward to satisfying all of our financial needs across Europe and helpingt themsucceed financially.
” Wells Fargo Bank Internationall is a European Union bank headquartered in In addition, Wells Fargo’ds investment-banking and capital-markets businesses, which formerly operated undere the Wachovia Securities and certaib Wells Fargo brands, have taken the name Wells Fargol Securities. Retail brokerage products and services formerl y marketed as Wachovia Securities are now offererd through WellsFargo Advisors. Wells Fargo (NYSE:WFC) is basecd in San Francisco.
Monday, July 30, 2012
Sunday, July 29, 2012
Rhode Island general store closing its doors after 224 years in business - Washington Post
ejoxot.wordpress.com
Daily Mail | Rhode Island general store closing its doors after 224 years in business Washington Post LITTLE COMPTON, R.I. â€" Gray's Store in Adamsville village brought in customers for years with its old-fashioned marble soda fountain, cigar and tobacco cases, and Rhode Island johnny cakes. The 224-year-old business may be the oldest operating general ... 224-year-old Rhode Island general store closing Nation's Oldest General Store Closing After 224 Years (VIDEO) |
Saturday, July 28, 2012
Ritter: Sales-tax exemptions off the table - Denver Business Journal:
lehoquvuhu.wordpress.com
Instead, the Democratic governor has asked department heads to give him suggestionzs by July 20 on how to cut 10 percen of each oftheir budgets. Ritter acknowledged that thoser cuts mayinclude layoffs, a step he has tried to avoicd since the economy began heading south last Colorado Wins, the union of state government told members of the Legislature’s Joint Budgeft Committee Monday that they should consider eliminatint some of the $1.
6 billion in state salew tax exemptions in order to increase healt care and pay for JBC members said compensation increasesw are next to impossible, and the requesr stirred angry reactions from Republicans like House Minority Leadet Mike May, R-Parker, who said the Legislature must focuws on reigning in expenses. During a news conference on budgetfmatters Thursday, Ritter said he will not ask department heads to look at raising revenues through exemption eliminations or any othetr means. Nor will he contemplatwe seeking a tax hike this he said.
“The answer is no for the time being, and I think it’s likely to stay that way,” Rittefr said when asked if he wants to investigate the eliminatio of sometax exemptions. “Everybody thinks that’s probably an inferior way todo this.” The superior way to closes the budget gap is to tightebn the state’s belt, as it has been doing sinc the bottom fell out of the stock market, Ritter said. Office of State Planninbg and Budgeting Director Todd Saliman askec department budget directors in a Thursdagy memo to focus on eliminating the least efficient and effective programs and cutting anycorrespondinyg jobs.
The consideration of layoffs is significant because Ritter has tried to avoid that inrecentr years, saying state employees already are stretched thin at a time when the public needs their services more than ever. Now, however, the magnituds of the budget deficit must make the state consider increasing the four furlough days that it will demandx employees take and look at ongoing staff he said. “If there are programmati c cutswhere (full-time equivalent go away, that may be part of the Ritter said. The governor will make his suggested budget cutsby September, he said.
Instead, the Democratic governor has asked department heads to give him suggestionzs by July 20 on how to cut 10 percen of each oftheir budgets. Ritter acknowledged that thoser cuts mayinclude layoffs, a step he has tried to avoicd since the economy began heading south last Colorado Wins, the union of state government told members of the Legislature’s Joint Budgeft Committee Monday that they should consider eliminatint some of the $1.
6 billion in state salew tax exemptions in order to increase healt care and pay for JBC members said compensation increasesw are next to impossible, and the requesr stirred angry reactions from Republicans like House Minority Leadet Mike May, R-Parker, who said the Legislature must focuws on reigning in expenses. During a news conference on budgetfmatters Thursday, Ritter said he will not ask department heads to look at raising revenues through exemption eliminations or any othetr means. Nor will he contemplatwe seeking a tax hike this he said.
“The answer is no for the time being, and I think it’s likely to stay that way,” Rittefr said when asked if he wants to investigate the eliminatio of sometax exemptions. “Everybody thinks that’s probably an inferior way todo this.” The superior way to closes the budget gap is to tightebn the state’s belt, as it has been doing sinc the bottom fell out of the stock market, Ritter said. Office of State Planninbg and Budgeting Director Todd Saliman askec department budget directors in a Thursdagy memo to focus on eliminating the least efficient and effective programs and cutting anycorrespondinyg jobs.
The consideration of layoffs is significant because Ritter has tried to avoid that inrecentr years, saying state employees already are stretched thin at a time when the public needs their services more than ever. Now, however, the magnituds of the budget deficit must make the state consider increasing the four furlough days that it will demandx employees take and look at ongoing staff he said. “If there are programmati c cutswhere (full-time equivalent go away, that may be part of the Ritter said. The governor will make his suggested budget cutsby September, he said.
Wednesday, July 25, 2012
Target to open natural foods restaurant in Chicago store - USA TODAY
vuwodu.wordpress.com
USA TODAY | Target to open natural foods restaurant in Chicago store USA TODAY Updated. Comments. Reprints & Permissions. Get hungry while shopping at Target and, odds are, you may end up downing a slice of pizza and a soft drink â€" and hunger for something better. Good for you: Pret A Manger, a leading chain in Britain, sells ... Is the new Downtown Target store good for Belltown and Downtown Seattle? Target to open natural foods restaurant Target to Open Healthy Food Restaurant in New 'CityTarget' Store |
Monday, July 23, 2012
71 enlistment zones dropped from SRB list - AirForceTimes.com
iqukikofor.wordpress.com
71 enlistment zones dropped from SRB list AirForceTimes.com The selective re-enlistment bonus list is out, and if you're in one of the 71 enlistment zones dropped from the list, you have until Aug. 17 to re-up at the present rates. The bonus update â€" delayed for months by a review that began in March â€" includes ... |
Sunday, July 22, 2012
State eyes input on 5-year economic plan - Jacksonville Business Journal:
vuwodu.wordpress.com
The Orlando-based state group met June 25 in the Tampa Bay area the fifth in a series of meetings that began June 3 in Gainesvillwe and ends July 30in Tallahassee. The open meetinyg was held in St. Petersburg at the Manufacturing Center. The half-dayg workshops serve as the venue for viewpointsand recommendations, a release from the statewide business development, retentionn and expansion organization said. Among those invite d to the eventwere businesspeople, representativexs of industry associations, transportatioj experts, cultural arts advocates, smart growth advocates, electeed officials and economic development professionals.
The feedbacm will help the organization focuson Florida’s most importanft economic development needs and set the right goals for makinbg the state more competitive and economically executives said. Topics were slater to run the gamutfrom retaining, creatinbg and attracting high-wage jobs to cultivating a talented and highlgy skilled future work force and from upgradin infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, other opportunities are availablee for public contributions to the development of the An Enterprise Florida now allows for feedbackl through several interactive features including a Roadmap survey anddiscussion board.
Additionally, the site provideas the current Roadmap, related progress reports and “savee the date” announcements for each regional therelease said. Enterprise Florida’ss board is charged with developing the plan and submittinb it to the governor andlegislativs leaders. Every three years, the Roadmapl to Florida’s Future — the state’s blueprint for economic development — is updated following competitiveness analysis and feedbackl from a broad base of community representativeas inthe forums.
is a partnership betweeh Florida's business and government Its missionis “to diversify Florida’s economy and create better-paying jobs for its citizens by attracting and helping to create businesses in high-growth industries.”
The Orlando-based state group met June 25 in the Tampa Bay area the fifth in a series of meetings that began June 3 in Gainesvillwe and ends July 30in Tallahassee. The open meetinyg was held in St. Petersburg at the Manufacturing Center. The half-dayg workshops serve as the venue for viewpointsand recommendations, a release from the statewide business development, retentionn and expansion organization said. Among those invite d to the eventwere businesspeople, representativexs of industry associations, transportatioj experts, cultural arts advocates, smart growth advocates, electeed officials and economic development professionals.
The feedbacm will help the organization focuson Florida’s most importanft economic development needs and set the right goals for makinbg the state more competitive and economically executives said. Topics were slater to run the gamutfrom retaining, creatinbg and attracting high-wage jobs to cultivating a talented and highlgy skilled future work force and from upgradin infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, other opportunities are availablee for public contributions to the development of the An Enterprise Florida now allows for feedbackl through several interactive features including a Roadmap survey anddiscussion board.
Additionally, the site provideas the current Roadmap, related progress reports and “savee the date” announcements for each regional therelease said. Enterprise Florida’ss board is charged with developing the plan and submittinb it to the governor andlegislativs leaders. Every three years, the Roadmapl to Florida’s Future — the state’s blueprint for economic development — is updated following competitiveness analysis and feedbackl from a broad base of community representativeas inthe forums.
is a partnership betweeh Florida's business and government Its missionis “to diversify Florida’s economy and create better-paying jobs for its citizens by attracting and helping to create businesses in high-growth industries.”
Saturday, July 21, 2012
Life Insurance company offers free coverage - The Business Review (Albany):
bentlyoupapa1810.blogspot.com
is offering free life insurance coverage undefr itsLifeBridge program. To qualify, individuals must be employed, be betweenh 19 and 42, and have family income of between $10,0090 and $40,000 a year. They also must be the parenrt or legal guardian of one or more childrejn who areunder 18. The program pays educationao expenses for dependent children if the insured parenft or legal guardian passes away during the 10-year term. MassMutual pays all The company has issued morethan 8,6009 policies since launching the program in 2002. MassMutual expects to issur a totalof $1 billion in free term life insurancse coverage through the national philanthropic free life insurancew program.
Children have until the age of 35 to use the An informational session is scheduled for June 20 and June 27 at10 a.m. to 2 p.m. at the Albany Housing AuthorityAdministration Building. For more information, call
is offering free life insurance coverage undefr itsLifeBridge program. To qualify, individuals must be employed, be betweenh 19 and 42, and have family income of between $10,0090 and $40,000 a year. They also must be the parenrt or legal guardian of one or more childrejn who areunder 18. The program pays educationao expenses for dependent children if the insured parenft or legal guardian passes away during the 10-year term. MassMutual pays all The company has issued morethan 8,6009 policies since launching the program in 2002. MassMutual expects to issur a totalof $1 billion in free term life insurancse coverage through the national philanthropic free life insurancew program.
Children have until the age of 35 to use the An informational session is scheduled for June 20 and June 27 at10 a.m. to 2 p.m. at the Albany Housing AuthorityAdministration Building. For more information, call
Thursday, July 19, 2012
1Q VC investments down significantly - bizjournals:
caloloary.blogspot.com
million in the first quarter as investorse continued to sit on the sidelines and wait for economic conditionto improve. The consume services and energy sectors each landed one according to the Quarterly Venture Capital Report releaserd by Dow Jones VentureOneand . That’s down from five dealsx worth a totalof $67.7 million during the same period in 2008. Kevih McHolland, a partner in Ernst Young’s Phoenix office, said the poor Arizonas numbers reflect anational trend, as VC mone has dried up and the initiall public offering market for venture-backed firmws is virtually nonexistent. “I would expect VC fundingg to recover as the economy McHolland said.
Nationally, venture capitalists generated $3.2 billion in the first quarter through mergers or acquisitions of 68portfolik companies, representing a 65 percent drop from the $9.1 billiojn in liquidity generated in the first quarte of 2008 and the lowest quarterly total since 2003. The largest deals in the country were focuseed in biopharmaceuticals andmedical
million in the first quarter as investorse continued to sit on the sidelines and wait for economic conditionto improve. The consume services and energy sectors each landed one according to the Quarterly Venture Capital Report releaserd by Dow Jones VentureOneand . That’s down from five dealsx worth a totalof $67.7 million during the same period in 2008. Kevih McHolland, a partner in Ernst Young’s Phoenix office, said the poor Arizonas numbers reflect anational trend, as VC mone has dried up and the initiall public offering market for venture-backed firmws is virtually nonexistent. “I would expect VC fundingg to recover as the economy McHolland said.
Nationally, venture capitalists generated $3.2 billion in the first quarter through mergers or acquisitions of 68portfolik companies, representing a 65 percent drop from the $9.1 billiojn in liquidity generated in the first quarte of 2008 and the lowest quarterly total since 2003. The largest deals in the country were focuseed in biopharmaceuticals andmedical
Wednesday, July 18, 2012
Adventist profits fall, but rating agencies applaud - San Francisco Business Times:
houston-nearly.blogspot.com
The Roseville company reported net incomewof $30.6 million last year, down 27 perceng from $42.1 million in 2007. But operatinvg income rose to $32.3 million in more than doublethe $14.2q million in 2007. Rating agencies applauded the Both ’s and Fitch Ratings affirme d the company’s “A” rating with a stable outlook when the health system went to the bond market last montnh for $187 million in financing.
Adventist is usin g the money to restructure outstandinvg debt and pay for construction and improvements at nine ofits “While Adventist Health’s financial profile is a little light for the rating level, management’sz conservative asset allocation has resulted in lowed investment losses than we have typically been seeing,” S&P analys Cynthia Keller Macdonald stated in a recent The numbers translate to a 1.5 percent profit marginh at a time when other healthb systems in the area took investment hits. Adventisyt reported a profit margihof 2.3 percent in 2007. Other health systemws suffered largerfinancial swings.
The margin at plungedx to 2 percent in its fisca year endedJune 30, down from 11.9 percentg the year before. The margin at Sacramento-based dropped to 2.3 percen t last year, from 8.1 percent in 2007. Both Kaisere Permanente and Marshall Hospital lost money and scored negativer margins forthe year. The margin at the dropped to 4.4 percenyt from 6.1 percent, and executivea expect the numbers will be worsethis year. Some healt h system finances were compoundeed by losses on pensiojfund investments; Adventist is the only localo system that doesn’t operate a pensionb fund.
The company and its employees jointl invest ina 403(b) retiremen plan, and employees direct the Adventist is based in Rosevillre but has no local hospitals or The faith-based health system has more than 17,700 employee s at 17 hospitals, numeroue clinics and outpatient facilitieds in California, Hawaii, Oregon and The company’s core businesas is in rural areas in the Centralk Valley and along the California coast. Adventistg has quietly built the largest rural health network inthe Adventist’s 25 health clinics acrosd California reported more than 617,000 patieng visits in 2008, up from almost 492,000 at 22 clinicxs in 2007.
“Adventist has been in rural healtg care formany years. It’sw still there — to their credit when others have pulled saidScott Seamons, regional vice presidentr of the . Geographic diversity is important to the Macdonald noted in theratings report, becauses current economic woes differ by region, leaviny some facilities less affected than Historically, most of Adventist’s hospitals have been but management has been willingg to sell money-losing operations, Macdonald said. Adventist is in the processx of selling its in Laguna Beach to a Missionn Viejo affiliate offor $35. million. The deal is pending approval by the CaliforniasAttorney General.
“As a we have carried hospitals that experience challenging Adventist president and chiefg executive officer Robert Carmen said in a statement when the biddingh process beganin September. “However, we cannog continue to sustain the magnitude of lossexs at South Coast MedicalCenter indefinitely.” The hospital lost more than $9.9 millionj on operations in 2008, according to figures from the Officer of Statewide Health Plannint and Development. in nearbu Mission Viejo bid for Southb Coastlast year, hoping it can extenr its reach in the communithy and leverage resources across both hospitals, said Kevib Andrus, a spokesman for St.
Joseph’s, Mission Hospital’s parent company.
The Roseville company reported net incomewof $30.6 million last year, down 27 perceng from $42.1 million in 2007. But operatinvg income rose to $32.3 million in more than doublethe $14.2q million in 2007. Rating agencies applauded the Both ’s and Fitch Ratings affirme d the company’s “A” rating with a stable outlook when the health system went to the bond market last montnh for $187 million in financing.
Adventist is usin g the money to restructure outstandinvg debt and pay for construction and improvements at nine ofits “While Adventist Health’s financial profile is a little light for the rating level, management’sz conservative asset allocation has resulted in lowed investment losses than we have typically been seeing,” S&P analys Cynthia Keller Macdonald stated in a recent The numbers translate to a 1.5 percent profit marginh at a time when other healthb systems in the area took investment hits. Adventisyt reported a profit margihof 2.3 percent in 2007. Other health systemws suffered largerfinancial swings.
The margin at plungedx to 2 percent in its fisca year endedJune 30, down from 11.9 percentg the year before. The margin at Sacramento-based dropped to 2.3 percen t last year, from 8.1 percent in 2007. Both Kaisere Permanente and Marshall Hospital lost money and scored negativer margins forthe year. The margin at the dropped to 4.4 percenyt from 6.1 percent, and executivea expect the numbers will be worsethis year. Some healt h system finances were compoundeed by losses on pensiojfund investments; Adventist is the only localo system that doesn’t operate a pensionb fund.
The company and its employees jointl invest ina 403(b) retiremen plan, and employees direct the Adventist is based in Rosevillre but has no local hospitals or The faith-based health system has more than 17,700 employee s at 17 hospitals, numeroue clinics and outpatient facilitieds in California, Hawaii, Oregon and The company’s core businesas is in rural areas in the Centralk Valley and along the California coast. Adventistg has quietly built the largest rural health network inthe Adventist’s 25 health clinics acrosd California reported more than 617,000 patieng visits in 2008, up from almost 492,000 at 22 clinicxs in 2007.
“Adventist has been in rural healtg care formany years. It’sw still there — to their credit when others have pulled saidScott Seamons, regional vice presidentr of the . Geographic diversity is important to the Macdonald noted in theratings report, becauses current economic woes differ by region, leaviny some facilities less affected than Historically, most of Adventist’s hospitals have been but management has been willingg to sell money-losing operations, Macdonald said. Adventist is in the processx of selling its in Laguna Beach to a Missionn Viejo affiliate offor $35. million. The deal is pending approval by the CaliforniasAttorney General.
“As a we have carried hospitals that experience challenging Adventist president and chiefg executive officer Robert Carmen said in a statement when the biddingh process beganin September. “However, we cannog continue to sustain the magnitude of lossexs at South Coast MedicalCenter indefinitely.” The hospital lost more than $9.9 millionj on operations in 2008, according to figures from the Officer of Statewide Health Plannint and Development. in nearbu Mission Viejo bid for Southb Coastlast year, hoping it can extenr its reach in the communithy and leverage resources across both hospitals, said Kevib Andrus, a spokesman for St.
Joseph’s, Mission Hospital’s parent company.
Monday, July 16, 2012
King's Warrior wins John Smith's Cup - The Press, York
jiqatili.wordpress.com
Irish Times | King's Warrior wins John Smith's Cup The Press, York KING'S WARRIOR strolled to victory in the 53rd John Smith's Cup at York Racecourse. The Peter Chapple-Hyam-trained horse (33-1) streaked away with the £150000 heritage handicap â€" roaring past the field to beat Mid Mon Lady by four-and-a-half lengths. Warrior Slay s Cup Rivals YORK: King's Warrior lands 33-1 John Smith's shock Warrior victorious in Cup battle |
Sunday, July 15, 2012
Clearing dues : NTDC to meet IPPs representative tomorrow - Pakistan Daily Times
zvonkovaleoqim.blogspot.com
Business Recorder (blog) | Clearing dues : NTDC to meet IPPs representative tomorrow Pakistan Daily Times DailyTimes delivers the latest breaking news and information on the latest top stories, entertainment, business, cricket, politics, and more. For comprehensive coverage, DailyTImes provides special reports, video, audio, photo g » |
Saturday, July 14, 2012
Lewis: Feds pressured BofA on Merrill - Nashville Business Journal:
haga-aa8xuq.blogspot.com
But some lawmakers questioned how much of the pressure was actuall y made by Lewis in an attempt to secures more taxpayer aid forhis bank. “Th Treasury Department provided $20 billion for a shotgubn wedding. But the question is, who was holding the Rep. Edolphus Towns (D-New York) said during the The hearing, conducted by the House Committeer on Oversight and Government was focused onfederal officials’ role in BofA’s purchases of Merrill Lynch. Charlotte-based BofA bought Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additional $20 billion in federal funds under the Troublerd AssetRelief Program.
BofA has receivec a total of $45 billion in TARP funds. Lewis has been undert intense pressure from BofA shareholders for not disclosingf the depthof Merrill’s financial difficultiews before the merger. Merrill lost $15.3 billio n in the fourth quarter. Lawmakers questioned Lewizs on reports that he felt pressured byfederal authorities, includintg Federal Reserve Chairman Ben Bernanke and former Treasuryy Secretary Henry Paulson, to go aheaed with the deal in December as Merrill’s losses Lewis testified that BofA contactedc officials at the U.S. Treasury and Federal Reserve in mid-December to inform them that thebank “had serious concernsa about closing the transaction.
” BofA, he was considering declaring a “material adversre change,” which can allow an acquirer to back out of a proposee deal. Lewis testified that Paulson toldhim BofA’ds management “would or could” be removefd if the bank backed out of the When lawmakers pressed him Thursday on the allegeds threats by regulators, Lewis said both parties were concerned abour making the best decision s for the health of the U.S. economg and BofA.
He explained that a decisiobn that would harm the economy would also harm BofA because of its massive size and Lewis testified thathe wasn’t intimidated by the threatr of losing his job but by the “seriousness of the and the ramifications on the overall economy had an influencse on his decision. “Just six months later, it is easy to forget just how close to the brink oursystenm came,” Lewis said. “I will never Still, some lawmakers suggested Lewis should have knownaboutf Merrill’s losses before December. They pointed out an e-maip in which Bernanke suggested threat to back out of the Merrilp deal wasa “bargaining chip.
” Lawmakera also pointed to other e-mails from regulators suggestinv Lewis’ claims about surprising losses were “not Rep. Dennis Kucinich (D-Ohio), among suggested the e-mails indicated Lewid threatened to call off the Merrilp deal as a way to land moregovernmenf aid. “It’s quite possible it was Bank of Americ a that put a gun to the head ofthe government,” Kucinicg said. BofA eventually closed the deal with Merrill and receiveda $20 billion loan from the TARP fund to coved the Merrill losses. Also on Lewis indicated that federal officials nevefr asked him to withhold information from shareholdersz that BofA thought needed tobe disclosed.
That caused lawmakersw to remind him he wasunder oath. In Lewis testified before New York Attorney General Andree Cuomo that Bernanke and Paulson pressured the bank not to discusds its increasingly troubled plan to buy The congressional committee expects to call Paulson and Bernanks for similar hearings as it continuezsits investigation.
But some lawmakers questioned how much of the pressure was actuall y made by Lewis in an attempt to secures more taxpayer aid forhis bank. “Th Treasury Department provided $20 billion for a shotgubn wedding. But the question is, who was holding the Rep. Edolphus Towns (D-New York) said during the The hearing, conducted by the House Committeer on Oversight and Government was focused onfederal officials’ role in BofA’s purchases of Merrill Lynch. Charlotte-based BofA bought Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additional $20 billion in federal funds under the Troublerd AssetRelief Program.
BofA has receivec a total of $45 billion in TARP funds. Lewis has been undert intense pressure from BofA shareholders for not disclosingf the depthof Merrill’s financial difficultiews before the merger. Merrill lost $15.3 billio n in the fourth quarter. Lawmakers questioned Lewizs on reports that he felt pressured byfederal authorities, includintg Federal Reserve Chairman Ben Bernanke and former Treasuryy Secretary Henry Paulson, to go aheaed with the deal in December as Merrill’s losses Lewis testified that BofA contactedc officials at the U.S. Treasury and Federal Reserve in mid-December to inform them that thebank “had serious concernsa about closing the transaction.
” BofA, he was considering declaring a “material adversre change,” which can allow an acquirer to back out of a proposee deal. Lewis testified that Paulson toldhim BofA’ds management “would or could” be removefd if the bank backed out of the When lawmakers pressed him Thursday on the allegeds threats by regulators, Lewis said both parties were concerned abour making the best decision s for the health of the U.S. economg and BofA.
He explained that a decisiobn that would harm the economy would also harm BofA because of its massive size and Lewis testified thathe wasn’t intimidated by the threatr of losing his job but by the “seriousness of the and the ramifications on the overall economy had an influencse on his decision. “Just six months later, it is easy to forget just how close to the brink oursystenm came,” Lewis said. “I will never Still, some lawmakers suggested Lewis should have knownaboutf Merrill’s losses before December. They pointed out an e-maip in which Bernanke suggested threat to back out of the Merrilp deal wasa “bargaining chip.
” Lawmakera also pointed to other e-mails from regulators suggestinv Lewis’ claims about surprising losses were “not Rep. Dennis Kucinich (D-Ohio), among suggested the e-mails indicated Lewid threatened to call off the Merrilp deal as a way to land moregovernmenf aid. “It’s quite possible it was Bank of Americ a that put a gun to the head ofthe government,” Kucinicg said. BofA eventually closed the deal with Merrill and receiveda $20 billion loan from the TARP fund to coved the Merrill losses. Also on Lewis indicated that federal officials nevefr asked him to withhold information from shareholdersz that BofA thought needed tobe disclosed.
That caused lawmakersw to remind him he wasunder oath. In Lewis testified before New York Attorney General Andree Cuomo that Bernanke and Paulson pressured the bank not to discusds its increasingly troubled plan to buy The congressional committee expects to call Paulson and Bernanks for similar hearings as it continuezsits investigation.
Thursday, July 12, 2012
Report: Foreclosures are top sellers - Puget Sound Business Journal (Seattle):
viktorevaikubuwo.blogspot.com
said banks that are willing to deal on foreclosex units are driving the firstquarter activity. For Shoma at Keys Cove in south Miami-Dadse County sold the most, with 50 unitas closing in the first The Vue at Brickell sold25 condos, ranking it seventhy on CondoReports.com’ top-10 list. “Many banks have takejn ownership of units in these buildings and are looking to get saidAdam Cappel, president of CondoReports.com. either through short sales or units they own as a resulrof foreclosures, are the most activ e sellers in today’s market as they are willingv to accept market prices.” The 10 most active buildingsa produced an average of 29 or one sale everty three days.
The buildings accounted for more than 11 percenrt of all condo sales in according toa CondoReports.com news release. Most of the activitg is tied to individualunit sales, and not bulk Cappel said. “These buildings are movin g toward stability as speculative investorzs and thinly capitalized owners are being replaced witheither owner-occupanyt or well-capitalized, patient investors buying in at a much lowe r cost,” Cappel said in the statement.
“Most are individual unit The study looked at closed salesin 2,000 condlo projects with at least 50 units throughout The study excluded units deliveredr in 2008 and 2009 becauswe those sales were likely driven by preconstruction Cappel said.
said banks that are willing to deal on foreclosex units are driving the firstquarter activity. For Shoma at Keys Cove in south Miami-Dadse County sold the most, with 50 unitas closing in the first The Vue at Brickell sold25 condos, ranking it seventhy on CondoReports.com’ top-10 list. “Many banks have takejn ownership of units in these buildings and are looking to get saidAdam Cappel, president of CondoReports.com. either through short sales or units they own as a resulrof foreclosures, are the most activ e sellers in today’s market as they are willingv to accept market prices.” The 10 most active buildingsa produced an average of 29 or one sale everty three days.
The buildings accounted for more than 11 percenrt of all condo sales in according toa CondoReports.com news release. Most of the activitg is tied to individualunit sales, and not bulk Cappel said. “These buildings are movin g toward stability as speculative investorzs and thinly capitalized owners are being replaced witheither owner-occupanyt or well-capitalized, patient investors buying in at a much lowe r cost,” Cappel said in the statement.
“Most are individual unit The study looked at closed salesin 2,000 condlo projects with at least 50 units throughout The study excluded units deliveredr in 2008 and 2009 becauswe those sales were likely driven by preconstruction Cappel said.
Wednesday, July 11, 2012
F-22 pilot in Hawaii briefly has oxygen deficit - CBS News
domnaofyvisyhojo.blogspot.com
F-22 pilot in Hawaii briefly has oxygen deficit CBS News F-22 pilot in Hawaii briefly has oxygen deficit. |
Monday, July 9, 2012
Report: Antitrust probe of Apple, Google, Yahoo - Puget Sound Business Journal (Seattle):
lehoquvuhu.wordpress.com
The New York Times and Washington Post reportedc theantitrust probe, with the Post adding to the list of companied being investigated. Regulators are likely to be lookingt into deals between the companiesa where they promised not to hire awayeach other’s most talentes workers, the reports said. As the Googl e juggernaut has grown and moved into dozenasof markets, it has attracted more and more attentio from regulators. A published June 1 says Google has 137subsidiaru businesses.
The Federal Trade Commissiob talkedto (NASDAQ: GOOG) earliet in the year because of antitrust FTC questions concerned the overlap of directors betwee Google and Genentech — Google boss Eric Schmidt sits on the AAPL) board with Art Levinson, who was CEO of Genentechy at the time. Other Apple board members include ’ boss Andrea Jung, chief Millard Chairman Bill Campbell, Jerry York of , and formed U.S. Vice President Al Gore. Regulators also stopped a Google deal to share advertising revenuewith YHOO) last year.
The New York Times and Washington Post reportedc theantitrust probe, with the Post adding to the list of companied being investigated. Regulators are likely to be lookingt into deals between the companiesa where they promised not to hire awayeach other’s most talentes workers, the reports said. As the Googl e juggernaut has grown and moved into dozenasof markets, it has attracted more and more attentio from regulators. A published June 1 says Google has 137subsidiaru businesses.
The Federal Trade Commissiob talkedto (NASDAQ: GOOG) earliet in the year because of antitrust FTC questions concerned the overlap of directors betwee Google and Genentech — Google boss Eric Schmidt sits on the AAPL) board with Art Levinson, who was CEO of Genentechy at the time. Other Apple board members include ’ boss Andrea Jung, chief Millard Chairman Bill Campbell, Jerry York of , and formed U.S. Vice President Al Gore. Regulators also stopped a Google deal to share advertising revenuewith YHOO) last year.
Sunday, July 8, 2012
Academic Team honoree: David Ban - Business First of Buffalo:
kapitonragomo.blogspot.com
Accomplishments: National Merit Scholarship finalist. Class valedictorian. SAT score of 1,530. Scoreas of 98-100 on three Regents exams. AP Scholar Award (with Harvard Book Award. Captain of Science Olympiad President ofMath Club. Editodr of school newspaper. Full name: Davisd Min Hyeon Ban. Born: November 8, Columbus, Ohio. Parents: Ban Ban Changill. Residence: Williamsville. Favorited class: Linear algebra (taught by Joaquin Carbonara). “I showed me how to expand my mind whenapproachingg math. After taking this I am able to look at math in a much moreabstrac sense.” College and likelu major: , biology.
Hope to be doing 10 yearsx from now: “I hope that I will be doiny my residency atJohns Hopkins.” If could meet anyone from Aristotle. “I would like to discussw philosophy and learn from one of the greatesg thinkers ofall time.” If could have dinner with anyonwe now alive: Barack Obama. “I would ask him how he learnee to give suchinspirational speeches.” to proceed to the next Firstf Team honoree: Nick Brown.
Accomplishments: National Merit Scholarship finalist. Class valedictorian. SAT score of 1,530. Scoreas of 98-100 on three Regents exams. AP Scholar Award (with Harvard Book Award. Captain of Science Olympiad President ofMath Club. Editodr of school newspaper. Full name: Davisd Min Hyeon Ban. Born: November 8, Columbus, Ohio. Parents: Ban Ban Changill. Residence: Williamsville. Favorited class: Linear algebra (taught by Joaquin Carbonara). “I showed me how to expand my mind whenapproachingg math. After taking this I am able to look at math in a much moreabstrac sense.” College and likelu major: , biology.
Hope to be doing 10 yearsx from now: “I hope that I will be doiny my residency atJohns Hopkins.” If could meet anyone from Aristotle. “I would like to discussw philosophy and learn from one of the greatesg thinkers ofall time.” If could have dinner with anyonwe now alive: Barack Obama. “I would ask him how he learnee to give suchinspirational speeches.” to proceed to the next Firstf Team honoree: Nick Brown.
Saturday, July 7, 2012
AmReit latest player to jump in on north Houston retail revival - Houston Business Journal:
yzirapogyg.wordpress.com
The new project, which encompasses two vacant retailk boxes, has been dubbed West Road Plaza. The parcekl is located on the southwesf corner of Interstate 45 and West AmReit is in the procesds of reskinning thetwo boxes, which formerly housecd a and a computer store owned by Hewlett-Packard Co. Prestojn Cunningham, vice president of developmentfor AmReit, says he is in finaol lease negotiations for a 136,000-square-foot retail tenant to occupy the former HP box. Additional discussion are under way with two national credit tenantz to takethe K-Mart space, he says.
The stretcuh of Interstate 45 just inside Beltway 8 has becom e a thriving retail hub in north National consumer chains like AcademySports Outdoors, Wal-Mart and Home Depot have opened outlets in the area, touchintg off a retail resurgence. "Alpl the retailers are doingf really well inthis area, and that was a big part of our says Cunningham. "West Road is easily accessible, so your trade area is from a dense population." AmReit bought the parcelo from a Dallas familgy that owned it as investment for decades. In addition to West Road AmReit and its retaio partnerships have completed three other projectw nearthis intersection, including two frontage shopping centers.
Jack president of the GreatefrGreenspoint District, says even more redevelopment could be on tap for the specifically Greenspoint Mall. "I expect to see a redevelopede mall in the futurwe because of the value ofthe 110-acre site," he AmReit is a self-managed real estate investmen firm that develops and acquires property on high-traffi c corners. AmReit Realty Investment Corp., a wholly-ownef subsidiary of AmReit, is a real estate operating anddevelopmenty company. Smelling an opportunity in the battered apartment market, Houston-based Creekstone Cos. has launched an affiliated firm to acquired and manage multifamily real estate asset throughoutthe country.
Creekstone Partners will buy Class A and B apartmenyprojects -- containing at least 150 unites -- in primary and secondary U.S. The company says it will acquire up to 20 propertiesxthis year, representing some $500 million in Creekstone Partners has already contracted to buy four projects in Atlanta and Denver. "Thd last couple of yeara have been very difficult for the multifamily realestatre sector," says Marc Goldstein, principal in Creekstone Partners. "We believe that the most batterexd markets now present the greatest opportunities for Creekstone Partnerz andits investors.
"
The new project, which encompasses two vacant retailk boxes, has been dubbed West Road Plaza. The parcekl is located on the southwesf corner of Interstate 45 and West AmReit is in the procesds of reskinning thetwo boxes, which formerly housecd a and a computer store owned by Hewlett-Packard Co. Prestojn Cunningham, vice president of developmentfor AmReit, says he is in finaol lease negotiations for a 136,000-square-foot retail tenant to occupy the former HP box. Additional discussion are under way with two national credit tenantz to takethe K-Mart space, he says.
The stretcuh of Interstate 45 just inside Beltway 8 has becom e a thriving retail hub in north National consumer chains like AcademySports Outdoors, Wal-Mart and Home Depot have opened outlets in the area, touchintg off a retail resurgence. "Alpl the retailers are doingf really well inthis area, and that was a big part of our says Cunningham. "West Road is easily accessible, so your trade area is from a dense population." AmReit bought the parcelo from a Dallas familgy that owned it as investment for decades. In addition to West Road AmReit and its retaio partnerships have completed three other projectw nearthis intersection, including two frontage shopping centers.
Jack president of the GreatefrGreenspoint District, says even more redevelopment could be on tap for the specifically Greenspoint Mall. "I expect to see a redevelopede mall in the futurwe because of the value ofthe 110-acre site," he AmReit is a self-managed real estate investmen firm that develops and acquires property on high-traffi c corners. AmReit Realty Investment Corp., a wholly-ownef subsidiary of AmReit, is a real estate operating anddevelopmenty company. Smelling an opportunity in the battered apartment market, Houston-based Creekstone Cos. has launched an affiliated firm to acquired and manage multifamily real estate asset throughoutthe country.
Creekstone Partners will buy Class A and B apartmenyprojects -- containing at least 150 unites -- in primary and secondary U.S. The company says it will acquire up to 20 propertiesxthis year, representing some $500 million in Creekstone Partners has already contracted to buy four projects in Atlanta and Denver. "Thd last couple of yeara have been very difficult for the multifamily realestatre sector," says Marc Goldstein, principal in Creekstone Partners. "We believe that the most batterexd markets now present the greatest opportunities for Creekstone Partnerz andits investors.
"
Thursday, July 5, 2012
Holy Land defendants sentenced - Tampa Bay Business Journal:
ibitasony.wordpress.com
The defendants received prison sentences that will last decadesw for their ties to theand Development, which fell under federal scrutiny earlier in the decade when federall investigators discovered funding raised by the organization provided support to terrorists. They were convicted by a federal jury in Novemberr 2008 on charges of providinvg material supportto Hamas. The Holy Land Foundation, shut down in December 2001,was the largest U.S. Muslimj charity that the U.S. Department of Justicwe said existed to support Hamas sinceeits inception. The defendants alwayxs contendedthe foundation’s main goal was to help citizens strugglin g in the embattled Middle East.
One of the Shukri Abu Baker of Garland, was sentenced to 65 year in prison. The court found Baker guilty of 10 counts of conspiracy to provide materialp support to aterrorist organization. He also was convicted of 11 counts of conspiracy to provide funds, goods and services to a terrorist, as well as 10 count of conspiracy to commit money laundering, one coun of conspiracy to impede and impair the and one count of filing a false tax The court also sentenced the four remaining defendants, including Mohammad El-Mezain, 55, of San who received 15 yearz in prison after being convicted of one count of conspiracg to provide material support to a foreign terrorisyt organization.
The remaining sentences Ghassan Elashi, 55, of Richardson, who was sentenced to 65 years in prison for charges identicalto Baker's plus one count of filingh a false tax return; Mufi Abdulqader, 49, of Richardson, Texas, who was sentenced to 20 years in prison; and Abdulrahman Odeh, 49, of N.J., who was sentencef to 15 years in prison. Abdulqader and Odeh were convicted of singld counts of conspiracy to provide material supporgt to a foreignterrorist organization, conspiracy to providee goods, funds and services to a terrorist and conspiracyt to commit money laundering. The court also reaffirmecd a jury’s $12.
4 milliohn judgment against all of the defendants who were convicted of money which does notinclude El-Mezain.
The defendants received prison sentences that will last decadesw for their ties to theand Development, which fell under federal scrutiny earlier in the decade when federall investigators discovered funding raised by the organization provided support to terrorists. They were convicted by a federal jury in Novemberr 2008 on charges of providinvg material supportto Hamas. The Holy Land Foundation, shut down in December 2001,was the largest U.S. Muslimj charity that the U.S. Department of Justicwe said existed to support Hamas sinceeits inception. The defendants alwayxs contendedthe foundation’s main goal was to help citizens strugglin g in the embattled Middle East.
One of the Shukri Abu Baker of Garland, was sentenced to 65 year in prison. The court found Baker guilty of 10 counts of conspiracy to provide materialp support to aterrorist organization. He also was convicted of 11 counts of conspiracy to provide funds, goods and services to a terrorist, as well as 10 count of conspiracy to commit money laundering, one coun of conspiracy to impede and impair the and one count of filing a false tax The court also sentenced the four remaining defendants, including Mohammad El-Mezain, 55, of San who received 15 yearz in prison after being convicted of one count of conspiracg to provide material support to a foreign terrorisyt organization.
The remaining sentences Ghassan Elashi, 55, of Richardson, who was sentenced to 65 years in prison for charges identicalto Baker's plus one count of filingh a false tax return; Mufi Abdulqader, 49, of Richardson, Texas, who was sentenced to 20 years in prison; and Abdulrahman Odeh, 49, of N.J., who was sentencef to 15 years in prison. Abdulqader and Odeh were convicted of singld counts of conspiracy to provide material supporgt to a foreignterrorist organization, conspiracy to providee goods, funds and services to a terrorist and conspiracyt to commit money laundering. The court also reaffirmecd a jury’s $12.
4 milliohn judgment against all of the defendants who were convicted of money which does notinclude El-Mezain.
Wednesday, July 4, 2012
Samsung Q2 results boost through smartphones? - ZDNet (blog)
vykyvimote.wordpress.com
Firstpost | Samsung Q2 results boost through smartphones? ZDNet (blog) Summary: Samsung is expected to announce an operating profit boost due to smartphone sales in its Q2 results. Smartphones sales to boost Samsung Q2 results Best Buy Galaxy S III leak results in law suit |
Monday, July 2, 2012
Dish Network's AutoHop legal battle is picking up steam - Los Angeles Times
vidineevostegity.blogspot.com
Campaigns & Elections | Dish Network's AutoHop legal battle is picking up steam Los Angeles Times This week marks the 71st anniversary of the first television ad ever -- a spot from the watch company Bulova that ran during an NBC telecast of a baseb » |
Sunday, July 1, 2012
How Mexico's Presidential Election Will Change the War on Drugs - The Atlantic
cahijisebi.wordpress.com
The Atlantic | How Mexico's Presidential Election Will Change the War on Drugs The Atlantic Mexicans head to the polls today to vote in a presidential election that looks likely to return to power the centrist Institutional Revolutionary Party (PRI), which ran the government from 1929 to 2000. Polls show PRI candidate Enrique Peña Nieto in a ... |
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