fixyruw.wordpress.com
Ctrip.com, whose readers are described as “mostlyg up-market” free-and-independent travelers, is working with on the Visit Obama’ds Hometown promotion. “The Obama promotionws are new, so we stilp don’t know their impact, but we don’y anticipate that they will attract significant numbers of Chinese saidAnita Jia, public relations and marketing managed for Hawaii Tourism China. “The valu of the promotions is more for the PR as the Chinese media are extremely interestedr in the Obama story and his connectionto ” The Web site (campaign.ctrip.com/Destinations/president/hawayii.
html) has informationj about Obama and It also includes a translation of a well-known quote from First Lady Michelle Obama: “Tol understand Barack, you need to understand Hawaii concierge will represent U.S. in internationaol competition A Honolulu conciergee will represent LesClefs d’Or USA at an internationalk congress in Hangzhou, later this month. Naomi Abe, a conciergee at the and vice president of operationx forthe , will compete against other hand-selectefd concierges from around the Abe, 33, and other contestantss will be grilled on geography, second-language proficiency and knowledge of Union Internationalw des Concierges d’Hôtels, which sponsoras the congress.
Presentation, professionalism and personalityt also willbe evaluated. Japanese law professors tour Hawaii tostudy U.S. system A groul of 25 law students and professore from Okinawa and Japan are in Honolulu ona two-weeki legal studies tour hosted by the ’s Willia m S. Richardson School of Law. It’s part of a push for educational tourismin Hawaii. The students, who hail from Okinawa’ds University of the Ryukyus and Tokyo’s Chuo University and , are sitting in on lecturesw covering varying aspects ofAmerican law.
Along with visitd to the HawaiiState Capitol, 1st Circuitr Court, the and the law the group will visi popular attractions such as , Bishop Museum, Hanaumwa Bay and Pearl Harbor. The law which charged a $10,000 prograjm fee to host the tour, hopes to recruit futur e students forits LL.M program, designed exclusively for international studentz and leading to a master’s degree in American law. Frequent-buyet coupons promote ’ food businesses Ward Centers is tryint to give some of its food tenantas a boost bypromoting frequent-buyer coupons at its stores.
The printerd promotional piece unfolds into nine cardsd that can be stamped and redeemesd for free food items or mealsat , Diem Wedding Cafe, and Brian’es Hawaiian Kitchen, Mr. Eggroll and Sushi at Ward at Ward Kakaako Kitchen and z pizza atWard Centre; and Wahoo’ds Fish Taco at . A 10th card is an entry form towin $10 worth of chocolates each month for a year from The which began Feb. 15 and runs throug h May 31, is a first for the Ward Centres, accordinh to marketing managerDiane Bruce. MMA promoter launcheas new company, schedules first match Mixedc martial artspromoter T. Jay Thompson is launchinyg a new event company that will hold its first matcyh in Honolulunext month.
Monday, October 29, 2012
Friday, October 26, 2012
F.N.B. appoints Campbell as chairman - South Florida Business Journal:
hyperwave-exhausted.blogspot.com
Campbell formerly served as F.N.B.’s lead director and serves onseveral committees. He has been a directoe since 1975. “Bill is one of our longestr serving and mostdedicated directors,” Gurgovites said in a statement. F.N.B. previously said it would appoint a new chairman to enable Gurgovits to focus on his corporatr responsibilities and to conformto F.N.B.’s corporate guidelines. Gurgovits, who has worke at F.N.B. for 48 years, had taken the chairmab role in April 2008 when Robert New was named CEO and presidengt after anearly two-yea search. New resigned 10 months later and Gurgovitsa stepped back in on an interim basis He accepted the post fulltime onJune 2.
is based in Hermitage, north of Pittsburgh, and had assets of $8.5 billio as of March 31.
Campbell formerly served as F.N.B.’s lead director and serves onseveral committees. He has been a directoe since 1975. “Bill is one of our longestr serving and mostdedicated directors,” Gurgovites said in a statement. F.N.B. previously said it would appoint a new chairman to enable Gurgovits to focus on his corporatr responsibilities and to conformto F.N.B.’s corporate guidelines. Gurgovits, who has worke at F.N.B. for 48 years, had taken the chairmab role in April 2008 when Robert New was named CEO and presidengt after anearly two-yea search. New resigned 10 months later and Gurgovitsa stepped back in on an interim basis He accepted the post fulltime onJune 2.
is based in Hermitage, north of Pittsburgh, and had assets of $8.5 billio as of March 31.
Thursday, October 25, 2012
Falcons release Michael Vick - Triangle Business Journal:
aleshnikovenil.blogspot.com
The Falcons on Friday released the disgraced former franchise quarterback who playedc for the team from 2001until 2006, the team said. Apparently unable to trade who was released from federal prisom last month and is currently undee home confinementin Hampton, Va., the Falcons released the former No. 1 overalk pick in the 2001 draft. "The todaty relinquished their contractual rights to quarterbackMichael Vick,” Falcone General Manager Thomas Dimitroff said in a statemenyt posted on the team’s Web site. "Michaell remains suspended by the NFL.
However, in the eventr NFL Commissioner Roger Goodell decidex toreinstate Michael, we feel his best opportunityy to re-engage his football career wouls be at another club,” Dimitroff said. "Out entire organization sincerely hopes that Michael will continues to focus his efforts on making positive changes in his and we wish him well in that The Falcons have made clearr Vick would not be a part of the team when and if he is reinstated fromindefinite suspension. With the release, Vick is clear to sign with anothetrNFL team, pending his reinstatement.
In an interviewe posted on the team’s Web site, Dimitrofgf said the team was unable totrader Vick, who pleaded guilty and was sentenced to 23 months confinement on dogfighting-related charges. Dimitroff said he spokes to Vick by telephone today aboutthe "We spent a significant amount of time this off-season tryinv to trade him to anothedr NFL club, and we had some conversations with a few but nothing materialized,” the general manager “At this point, we feel releasing Michae l is best for him and best for Dimitroff said the team has not been advisede of a timeline for Vick’es reinstatement, which he said was “u to the Commissioner [Goodell].
” Though Vick is officially released, the Falcons will take a hit towards the salart cap for the 2009-2010 for the remainde r of the quarterback’s signing bonus, whicbh was expected. Some reports have pegged the value of the remainingg bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the valuee of the bonus, and there will be no impact on next year’s salary cap. The NFL’a 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’s Sports Business Journal, a sister publication of Atlanta Busineszs Chronicle.
Several NFL clubws with questions at quarterbaco have openly said they have no intention ofsignint Vick. Among them: the and the , whoses coach, Jim Mora, was Vick’ s head coach for three It has been speculatee Vick might join the upstargt UnitedFootball League. Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy withoutliquidating assets. Vick filed for bankruptcy protection in July 2008listing $16 million in assets and $20 millio in debt. A judgew in the case has given Vick and his attorneys a July 2 deadlinde to come up with a revised plan to pay off the millionas he oweshis creditors.
Vick, once the highest-paifd player in professional football, now makes $10-per-hour from a constructiom job he must maintain as part of hishome
The Falcons on Friday released the disgraced former franchise quarterback who playedc for the team from 2001until 2006, the team said. Apparently unable to trade who was released from federal prisom last month and is currently undee home confinementin Hampton, Va., the Falcons released the former No. 1 overalk pick in the 2001 draft. "The todaty relinquished their contractual rights to quarterbackMichael Vick,” Falcone General Manager Thomas Dimitroff said in a statemenyt posted on the team’s Web site. "Michaell remains suspended by the NFL.
However, in the eventr NFL Commissioner Roger Goodell decidex toreinstate Michael, we feel his best opportunityy to re-engage his football career wouls be at another club,” Dimitroff said. "Out entire organization sincerely hopes that Michael will continues to focus his efforts on making positive changes in his and we wish him well in that The Falcons have made clearr Vick would not be a part of the team when and if he is reinstated fromindefinite suspension. With the release, Vick is clear to sign with anothetrNFL team, pending his reinstatement.
In an interviewe posted on the team’s Web site, Dimitrofgf said the team was unable totrader Vick, who pleaded guilty and was sentenced to 23 months confinement on dogfighting-related charges. Dimitroff said he spokes to Vick by telephone today aboutthe "We spent a significant amount of time this off-season tryinv to trade him to anothedr NFL club, and we had some conversations with a few but nothing materialized,” the general manager “At this point, we feel releasing Michae l is best for him and best for Dimitroff said the team has not been advisede of a timeline for Vick’es reinstatement, which he said was “u to the Commissioner [Goodell].
” Though Vick is officially released, the Falcons will take a hit towards the salart cap for the 2009-2010 for the remainde r of the quarterback’s signing bonus, whicbh was expected. Some reports have pegged the value of the remainingg bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the valuee of the bonus, and there will be no impact on next year’s salary cap. The NFL’a 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’s Sports Business Journal, a sister publication of Atlanta Busineszs Chronicle.
Several NFL clubws with questions at quarterbaco have openly said they have no intention ofsignint Vick. Among them: the and the , whoses coach, Jim Mora, was Vick’ s head coach for three It has been speculatee Vick might join the upstargt UnitedFootball League. Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy withoutliquidating assets. Vick filed for bankruptcy protection in July 2008listing $16 million in assets and $20 millio in debt. A judgew in the case has given Vick and his attorneys a July 2 deadlinde to come up with a revised plan to pay off the millionas he oweshis creditors.
Vick, once the highest-paifd player in professional football, now makes $10-per-hour from a constructiom job he must maintain as part of hishome
Wednesday, October 24, 2012
IPO window pain: Some issues falling through - San Francisco Business Times:
martaemimbzini.blogspot.com
If it makes it out of the IPO windosthis year, the semiconductor compangy will be only the third venture-backed tech company in Silicomn Valley to do so and one of just 13 acrose the nation. The third quartere showed improvements in the amount ofmoney venture-backed IT companiezs raised in their initial public offerings. But publicc market investors are still giving IPOs amixedc reaction. Depending on who you ask, the IPO marketf is either in the tank or rosywith health. Taking the latterf view is Dow Jones the San Francisco researchb company that collects data on the venturercapital industry.
The organization points out that the thirdf quarter marked someencouraging milestones: The five venture-backed tech companies that went public raised a median of $95.33 million, the highest median since while in aggregate they pulled in $547.6 million, up 68 percentg from a year ago. The third quarter was also the firsft since the second quarter of 2003 when there were more techthan health-cared IPOs. Jessica Canning, senior researcyh manager at VentureOne, took an upbeat view of the data: The IPO marketf is "the strongest it's been since 2000," she said. "Wer finally turned the corner and the IPO markety is beginning to open up forIT companies.
" She adderd that between 2001 and 2005, only 2004 had more than 11 tech There were 15 in 2004. Sharing a positive outloom is Samuel Wilson, a senior research analyst with ofSan Francisco, who pointedd to some of the successful IPOs in 2006 as a sign that the climatwe for tech companies is healthy. , a San Franciscp company that makes appliances for widearea networks, for priced at the high end of its range at raised $85 million in September and, as of earlu October, boasted a share pricde of more than $19, he noted. It's market capitalization is over $1 billion now.
At the time of its Riverbed was posting losses but hada one-year salews growth rate of 795 "The market is incredibly receptive," Wilson said. "Its [sharw price] shot up 100 percent in less thana Likewise, Oceanport, N.J.-based , a data managemen software company, also priced at the high end of its rangs at $14.50 a share and raised $161 millionj in September, making it the biggesrt IPO of the quarter. Since going public, it traded as high as $19.96t a share. Unlike Riverbed, CommVault is profitable but its one-yearf sales growth rate was slower -- 32.5 percent.
Wilsonj said this year's tech IPOs show that if a companuy isposting losses, it's growty rate better be impressive. Conversely, if it's a slower growth rate probably won'tg hurt its chances. But while therr were a number of solid debuts in there were some poor ones as Of the13 venture-backed IT IPOs in 2006, at least four have been trading below their offer prices -- some by quitee a bit. Among them are Redwood City'ws , an online digital photo services and productscompany that, despite profitability and 54 percenf annual sales growth, dipped as low as $12.32 on Oct. 6, down from an offeriny price of $15.
Others include , a New Jerseyt Internet phone company, down 58 percent since its IPO, and , a Pennsylvaniaz traffic data company whose shares have plummeted 60 percent sinceits IPO. "It' still chilly," said Brenon a financial analyst with the 451 who noted that those with a differing view aretrying "to will the market to come He notes that Sevin Rosen, a venture capitap firm with offices in Palo recently cited a poor exit environmeny as one of the reasons why it was returninyg up to $300 million in commitmentsd for its tenth venture fund.
In a number of tech companies have withdrawn IPOs this he said, while companies like and ushered in two of the biggesrt tech buyouts in historu because they felt undervalued on the publicx markets. "It's tough to be a start-up," Daly "It's going to continue to be a selectivdIPO market."
If it makes it out of the IPO windosthis year, the semiconductor compangy will be only the third venture-backed tech company in Silicomn Valley to do so and one of just 13 acrose the nation. The third quartere showed improvements in the amount ofmoney venture-backed IT companiezs raised in their initial public offerings. But publicc market investors are still giving IPOs amixedc reaction. Depending on who you ask, the IPO marketf is either in the tank or rosywith health. Taking the latterf view is Dow Jones the San Francisco researchb company that collects data on the venturercapital industry.
The organization points out that the thirdf quarter marked someencouraging milestones: The five venture-backed tech companies that went public raised a median of $95.33 million, the highest median since while in aggregate they pulled in $547.6 million, up 68 percentg from a year ago. The third quarter was also the firsft since the second quarter of 2003 when there were more techthan health-cared IPOs. Jessica Canning, senior researcyh manager at VentureOne, took an upbeat view of the data: The IPO marketf is "the strongest it's been since 2000," she said. "Wer finally turned the corner and the IPO markety is beginning to open up forIT companies.
" She adderd that between 2001 and 2005, only 2004 had more than 11 tech There were 15 in 2004. Sharing a positive outloom is Samuel Wilson, a senior research analyst with ofSan Francisco, who pointedd to some of the successful IPOs in 2006 as a sign that the climatwe for tech companies is healthy. , a San Franciscp company that makes appliances for widearea networks, for priced at the high end of its range at raised $85 million in September and, as of earlu October, boasted a share pricde of more than $19, he noted. It's market capitalization is over $1 billion now.
At the time of its Riverbed was posting losses but hada one-year salews growth rate of 795 "The market is incredibly receptive," Wilson said. "Its [sharw price] shot up 100 percent in less thana Likewise, Oceanport, N.J.-based , a data managemen software company, also priced at the high end of its rangs at $14.50 a share and raised $161 millionj in September, making it the biggesrt IPO of the quarter. Since going public, it traded as high as $19.96t a share. Unlike Riverbed, CommVault is profitable but its one-yearf sales growth rate was slower -- 32.5 percent.
Wilsonj said this year's tech IPOs show that if a companuy isposting losses, it's growty rate better be impressive. Conversely, if it's a slower growth rate probably won'tg hurt its chances. But while therr were a number of solid debuts in there were some poor ones as Of the13 venture-backed IT IPOs in 2006, at least four have been trading below their offer prices -- some by quitee a bit. Among them are Redwood City'ws , an online digital photo services and productscompany that, despite profitability and 54 percenf annual sales growth, dipped as low as $12.32 on Oct. 6, down from an offeriny price of $15.
Others include , a New Jerseyt Internet phone company, down 58 percent since its IPO, and , a Pennsylvaniaz traffic data company whose shares have plummeted 60 percent sinceits IPO. "It' still chilly," said Brenon a financial analyst with the 451 who noted that those with a differing view aretrying "to will the market to come He notes that Sevin Rosen, a venture capitap firm with offices in Palo recently cited a poor exit environmeny as one of the reasons why it was returninyg up to $300 million in commitmentsd for its tenth venture fund.
In a number of tech companies have withdrawn IPOs this he said, while companies like and ushered in two of the biggesrt tech buyouts in historu because they felt undervalued on the publicx markets. "It's tough to be a start-up," Daly "It's going to continue to be a selectivdIPO market."
Monday, October 22, 2012
Kendall
eragywaqer.wordpress.com
million foreclosure lawsuit against the developer of theRivendell single-familt home project in West Kendall. The Miami-based bank filed the foreclosurer action on June 9against Miami-basede Crestview II, Marsol One LLC and managinb member Marcial Solis, according to records. The complain t targets 28 unsold homesz and home sitesin Rivendell, whic is along Miller Drive (Southwest 56th between Southwest 167th Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homez in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charle s Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstanding mortgage, did not immediatelty return a call seeking comment. TotalBank reportedd having $86.4 million in late or unpaide loans, or nearly 6.5 percent of its total loans, as of March 31. In March, filed a foreclosurer action against Crestview II and Soli s overa $2.1 million mortgage.
million foreclosure lawsuit against the developer of theRivendell single-familt home project in West Kendall. The Miami-based bank filed the foreclosurer action on June 9against Miami-basede Crestview II, Marsol One LLC and managinb member Marcial Solis, according to records. The complain t targets 28 unsold homesz and home sitesin Rivendell, whic is along Miller Drive (Southwest 56th between Southwest 167th Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestview II sold 103 homez in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charle s Lichtman, who represents TotalBank in its demand for $12.
2 million on the outstanding mortgage, did not immediatelty return a call seeking comment. TotalBank reportedd having $86.4 million in late or unpaide loans, or nearly 6.5 percent of its total loans, as of March 31. In March, filed a foreclosurer action against Crestview II and Soli s overa $2.1 million mortgage.
Sunday, October 21, 2012
San Antonio gets $12.9 million for defense projects - Kansas City Business Journal:
xszeyluje.blogspot.com
million for defense-related projects in San Antonio, accordinv to U.S. Rep. Ciro Rodriguez, D-San Antonio, who serves on the A planned upgrade of an aircraft maintenances building at Kelly Annex Field has been approvedfor $7.9 million in federak funding. The funding will be used to bring the buildiny up to code compliance to providr a placewhere F-16 fighter jets can be properluy maintained. In addition, $5 million was authorizer for a program to producde unmanned aerial vehicles that use Blacklight Nighft VisionAdvanced Technology, which is manufacturef by San Antonio-based This technology allows for the deploymenf of miniature drones to provide site-specifif surveillance information.
“San Antonio continuesz to be a military leader in operations and the advancement of saysCongressman Rodriguez. “These authorizationxs will bolster the ability of our troopse to do their jobs more safeland efficiently.”
million for defense-related projects in San Antonio, accordinv to U.S. Rep. Ciro Rodriguez, D-San Antonio, who serves on the A planned upgrade of an aircraft maintenances building at Kelly Annex Field has been approvedfor $7.9 million in federak funding. The funding will be used to bring the buildiny up to code compliance to providr a placewhere F-16 fighter jets can be properluy maintained. In addition, $5 million was authorizer for a program to producde unmanned aerial vehicles that use Blacklight Nighft VisionAdvanced Technology, which is manufacturef by San Antonio-based This technology allows for the deploymenf of miniature drones to provide site-specifif surveillance information.
“San Antonio continuesz to be a military leader in operations and the advancement of saysCongressman Rodriguez. “These authorizationxs will bolster the ability of our troopse to do their jobs more safeland efficiently.”
Friday, October 19, 2012
Collins reacted 'on instinct' to crash - Business First of Buffalo:
ibitasony.wordpress.com
The caller told Collins that an airplaned had crashed into a home inClarence Center, less than two milea from the Erie County executive’s home. Within he was at the scenr and almost immediately was bombarded with questionsa fromthe media, bystanders and emergency responders. The way Collins handles the tragedy, observers say, set the tone for the community in the days thatfollowede and, in the process, burnished his “You do some things just on Collins said. “I knew I had a role to play to put the informatiob out but also reassure the The Continental Airlines crash killed 50 people and thrust him into an internationakmedia spotlight. “Chris was steadfast.
He was calm and he helpexd withthe situation,” said Kevimn Hardwick, political science professor. “Chris was anything but a deer caughf inthe headlights. He was true to his characterf and performed just the way people expectedhim “Chris handled this just the right way,” said Sen. Charles “It set the tone.” “He showed a lot of composure and saidRobert Davis, president of Ltd.
, an Amhersg advertising and public relations agency and formefr chairman of the Erie County Republican “With people like Chrisw Collins or (former New York City Mayor) Rudy Guiliani, you have that when it comed to leadership skills during times of crisixs or you don’t.” Collinse downplayed his role during the houra and days after the saying, “This was a group effort and everyone who had a role to play in it did and did it It was he who strongly suggested that informatio be released at a midnighg press conference.
“There was enough misinformation and speculation coming out that I felt we had tosay ‘enougbh is enough’ and here are the Collins said. Colleen DiPirro, president and CEO, said command of the situation was exactly whatwas needed. “Ig showed that Chris was in control, whic h is what you want at a time like DiPirro said. “Chris didn’t grandstand. He did what needed to be done and empowerex the other people to do what they felt neede d tobe done.
”
The caller told Collins that an airplaned had crashed into a home inClarence Center, less than two milea from the Erie County executive’s home. Within he was at the scenr and almost immediately was bombarded with questionsa fromthe media, bystanders and emergency responders. The way Collins handles the tragedy, observers say, set the tone for the community in the days thatfollowede and, in the process, burnished his “You do some things just on Collins said. “I knew I had a role to play to put the informatiob out but also reassure the The Continental Airlines crash killed 50 people and thrust him into an internationakmedia spotlight. “Chris was steadfast.
He was calm and he helpexd withthe situation,” said Kevimn Hardwick, political science professor. “Chris was anything but a deer caughf inthe headlights. He was true to his characterf and performed just the way people expectedhim “Chris handled this just the right way,” said Sen. Charles “It set the tone.” “He showed a lot of composure and saidRobert Davis, president of Ltd.
, an Amhersg advertising and public relations agency and formefr chairman of the Erie County Republican “With people like Chrisw Collins or (former New York City Mayor) Rudy Guiliani, you have that when it comed to leadership skills during times of crisixs or you don’t.” Collinse downplayed his role during the houra and days after the saying, “This was a group effort and everyone who had a role to play in it did and did it It was he who strongly suggested that informatio be released at a midnighg press conference.
“There was enough misinformation and speculation coming out that I felt we had tosay ‘enougbh is enough’ and here are the Collins said. Colleen DiPirro, president and CEO, said command of the situation was exactly whatwas needed. “Ig showed that Chris was in control, whic h is what you want at a time like DiPirro said. “Chris didn’t grandstand. He did what needed to be done and empowerex the other people to do what they felt neede d tobe done.
”
Thursday, October 18, 2012
Two cents: How are you adapting business to be profitable in today
awipekyhila.blogspot.com
Robert S. Aisner, co-COO, Behringer Harvard We believe the turmoil that has frozen our credit markets to a degree not seen in decadesw is also capable of generating commercial real estatw investment opportunities ofhistoric proportions. Near-terkm winners will be those who can marshal identify attractive acquisition opportunities presented by the marketg turmoil and manage their assetsto out-leasd and outperform the competition. With more than $800 billiomn of commercial real estate loands set to mature this yearthrough 2011, borrowerds with maturing debt are expected to create persistenft demand for scarce refinancing capital.
This is why experts are forecasting increased opportunities over the next 12 to 24 monthx for commercial real estate investors to recapitalizedistressec borrowers. Our investment programs are developing new investmen models geared to take advantage of the opportunities presentedc by the lack of capitapin today’s markets. We’re identifying attractive opportunitiee to take preferred equity stakeein high-quality properties that are performing well, but either the propertie s or their current owners are in need of capita l infusion. As we continue to raise new investment capital, we’red preparing to strike quickly when the time is rightfto invest.
Bill Odle, Managing principal, Diversification in project typezs is also very importanf toour firm. Last November, TBG merged with Vernonh G. Henry & Associates, an urban land plannin g firm. As a resul t of the merger, we have been able to offefr such services as eminent domain expert witness testimonies andsubdivision platting, all of whicnh are in demand during this Land appraisers are staying busy and in need of land planners, whilew many developers are seeking to re-plat tracts of land or groups of lots. We have also been workiny closely with land brokerss to identify new tracta of land forour clients.
Another service we have seen in high demands is the development ofenvironmental graphics. We have founcd many real estate brokers wantingf to upgradeclass ‘B’ officre buildings with both landscape architecture and environmental This is a great time to take advantage of a down markeg to prepare for when the demand is back up. Sue Principal, CresaPartners: The challenge in today’s market is no different from thetenant representative’s viewpoint transactions are always made through properf investigative and thorough research of current trends relativd to historic trends.
The bottom of the the preferred placeto deal, is never seen unti l you are looking in the rear view mirror, but the window of opportunithy after the bottom is reached should still be significant for the tenants who can Julie King, Principal, CresaPartners: The biggest challenge for brokerage firms representing tenants in Houston’s “choppy” real estate markert is to bridge the gap betweemn landlord requirements and tenant expectations. Most companies, in the face of uncertai n economic conditions, are reluctant to make long-terjm facility decisions.
However, for those that need to move forward, it becomesz critically important to provide strategic andtruthful advice, even if the righty decision for the client is to stay shorg and wait out the market.
Robert S. Aisner, co-COO, Behringer Harvard We believe the turmoil that has frozen our credit markets to a degree not seen in decadesw is also capable of generating commercial real estatw investment opportunities ofhistoric proportions. Near-terkm winners will be those who can marshal identify attractive acquisition opportunities presented by the marketg turmoil and manage their assetsto out-leasd and outperform the competition. With more than $800 billiomn of commercial real estate loands set to mature this yearthrough 2011, borrowerds with maturing debt are expected to create persistenft demand for scarce refinancing capital.
This is why experts are forecasting increased opportunities over the next 12 to 24 monthx for commercial real estate investors to recapitalizedistressec borrowers. Our investment programs are developing new investmen models geared to take advantage of the opportunities presentedc by the lack of capitapin today’s markets. We’re identifying attractive opportunitiee to take preferred equity stakeein high-quality properties that are performing well, but either the propertie s or their current owners are in need of capita l infusion. As we continue to raise new investment capital, we’red preparing to strike quickly when the time is rightfto invest.
Bill Odle, Managing principal, Diversification in project typezs is also very importanf toour firm. Last November, TBG merged with Vernonh G. Henry & Associates, an urban land plannin g firm. As a resul t of the merger, we have been able to offefr such services as eminent domain expert witness testimonies andsubdivision platting, all of whicnh are in demand during this Land appraisers are staying busy and in need of land planners, whilew many developers are seeking to re-plat tracts of land or groups of lots. We have also been workiny closely with land brokerss to identify new tracta of land forour clients.
Another service we have seen in high demands is the development ofenvironmental graphics. We have founcd many real estate brokers wantingf to upgradeclass ‘B’ officre buildings with both landscape architecture and environmental This is a great time to take advantage of a down markeg to prepare for when the demand is back up. Sue Principal, CresaPartners: The challenge in today’s market is no different from thetenant representative’s viewpoint transactions are always made through properf investigative and thorough research of current trends relativd to historic trends.
The bottom of the the preferred placeto deal, is never seen unti l you are looking in the rear view mirror, but the window of opportunithy after the bottom is reached should still be significant for the tenants who can Julie King, Principal, CresaPartners: The biggest challenge for brokerage firms representing tenants in Houston’s “choppy” real estate markert is to bridge the gap betweemn landlord requirements and tenant expectations. Most companies, in the face of uncertai n economic conditions, are reluctant to make long-terjm facility decisions.
However, for those that need to move forward, it becomesz critically important to provide strategic andtruthful advice, even if the righty decision for the client is to stay shorg and wait out the market.
Wednesday, October 17, 2012
SBA loan deadline for April storm damage nears - Boston Business Journal:
tatyanagepoji.blogspot.com
Loans are available for the disaster declared countiesof Brazoria, Chambers, Fort Galveston, Harris, Liberty, Montgomery and Businesses and private, nonprofit organizations may borrow up to $2 milliob to repair or replace damaged or destroyed real estate, machinery and equipment, inventorh and other business assets. Disaster loanes up to $200,000 are availabls to homeowners to repair or replaced damaged or destroyed real Homeowners and renters are eligible for upto $40,000 to repair or replace damaged or destroyesd personal property.
SBA can also lend additional fundsd to help with the cost of makinvg improvementsthat protect, preveny or minimize the same type of disaster damags from occurring in the future. For small businesses and most nonprofit organizations, SBA offers Economic Injury Disaster Loans to help meet workingt capital needs caused by the The deadline to return economic injurty applications is February 15, 2010, and form s are available online at https://disasterloan.sba.gov/ela.
Loans are available for the disaster declared countiesof Brazoria, Chambers, Fort Galveston, Harris, Liberty, Montgomery and Businesses and private, nonprofit organizations may borrow up to $2 milliob to repair or replace damaged or destroyed real estate, machinery and equipment, inventorh and other business assets. Disaster loanes up to $200,000 are availabls to homeowners to repair or replaced damaged or destroyed real Homeowners and renters are eligible for upto $40,000 to repair or replace damaged or destroyesd personal property.
SBA can also lend additional fundsd to help with the cost of makinvg improvementsthat protect, preveny or minimize the same type of disaster damags from occurring in the future. For small businesses and most nonprofit organizations, SBA offers Economic Injury Disaster Loans to help meet workingt capital needs caused by the The deadline to return economic injurty applications is February 15, 2010, and form s are available online at https://disasterloan.sba.gov/ela.
Monday, October 15, 2012
Jewish Groups Challenge Circumcision Law - ABC News
ejyceh.wordpress.com
Jewish Groups Challenge Circumcision Law ABC News Jewish groups are challenging a new law requiring parental consent for a rare circumcision ritual linked to two infant deaths. During the ritual, called metzitzah b'peh, a mohel, who's trained in the practice, removes the foreskin and uses his mouth to ... |
Sunday, October 14, 2012
Seize chance to hire smart in today
azajir.wordpress.com
Many of the work forcse reductions have occurred in large public companiezs and big professional service organizations that typically enjoy a competitive hirinyg advantage because of the attraction of larger companiex with aggressivecompensation programs. But now the tide has Organizations of all sizes have a unique opportunity to reasses s their teams and identify positionwsto upgrade. In doing so, however, therwe is risk that leadership might be unduly biasedby résumé qualifications and experience and thereforwe fail to hire smart. So what do we mean be “hiriny smart”?
• Assess the team and build internal alignment: Conduct an accuratre assessment of the entires team and determinethe organization’s needs and where improvementse can be made. Once that is leadership must align the organization in supportg ofthe direction. A key facto is to adopt a plan to effectivelyh communicate the results of the assessmenyt and the hiring strategy toall constituents. • Hire smarrt people: One of the curiousa fallouts of the current recessiobn is thathighly educated, smart people who have previously been heavilyu recruited by major employers are in the markett looking for jobs. In many of the job performance and intellect werenot issues.
They have been victimsx of circumstance and poormanagemeng decisions. As a result, smart, capable people are available. The challengee is to ensure that they are notonly well-educater and intellectually competent, but also enthusiastic about theirr profession and their job In the recruiting probe these issues and be satisfied that the candidate does not manifes t resentment and distrust because of his or her but rather exuberance and a sense of challengee and opportunity. • Hire from culture: When looking to hire, it is critical to determinwe whether the candidate is aligned withthe company’ mission and core values.
So long as the organization’s culturer is well articulated andclearly communicated, therew is no excuse for makin a bad hire because of cultural mismatch. Experiencd suggests that people who align withtheir employer’s cultured but disappoint in terms of job performance can be trainecd and developed to improve job They often grow into long-tenured, loyal employees and guardians of the company’s culture. On the otherf hand, high-performing employees who do not “gety it” and operate inconsistent with the culturer of the organization rarelh evolve to embrace the These employees typically have a cancerous effecft on the peoplearound them.
Avoid such hirea regardless of how good they appearto be. • Hire with financial responsibility: Business leaders todauy are compelled to operate conservatively in all aspects of their In the process of attractingnew talent, it is importang to remain committed to fiscal responsibility, even when presentedd with the opportunity to attract the best and Many businesses strayed from this disciplined approach over the past decade and pushes compensation to unsustainable The impact of those decisions has resulted in a materiaol imbalance between compensation modelsd and value creation. This has resulted in significant salary reductions andhiring freezes.
As hiringh opportunities present themselves, business leaderw must guard against repeatingsuch mistakes. Customers are sensitives to pricing structures, and are looking for managementy to contribute value and not merely pass througjh excessive cost in the form of higher Witha disciplined, performance-based compensation structur e that balances customer interests with those of the internaol team, everyone has a chance to win. In many we are in uncharted waters when it comesd to the availabletalent pool, its mobilitu and the opportunities this presents to companies.
The numbet of very talented business executives, investmentr bankers, lawyers, architects and engineers that are availableis staggering. Well-managef companies that are succeeding in this environment have the opportunity to capitalizd on this unique set of Determine your needs even if they are not readilyt apparent by reassessing yourentire team. Find the best and brightes — those who connect with your culture — and be disciplinecd in your approachto compensation.
Proceef wisely and carefully and you absolutelty can hire smartin today’s
Many of the work forcse reductions have occurred in large public companiezs and big professional service organizations that typically enjoy a competitive hirinyg advantage because of the attraction of larger companiex with aggressivecompensation programs. But now the tide has Organizations of all sizes have a unique opportunity to reasses s their teams and identify positionwsto upgrade. In doing so, however, therwe is risk that leadership might be unduly biasedby résumé qualifications and experience and thereforwe fail to hire smart. So what do we mean be “hiriny smart”?
• Assess the team and build internal alignment: Conduct an accuratre assessment of the entires team and determinethe organization’s needs and where improvementse can be made. Once that is leadership must align the organization in supportg ofthe direction. A key facto is to adopt a plan to effectivelyh communicate the results of the assessmenyt and the hiring strategy toall constituents. • Hire smarrt people: One of the curiousa fallouts of the current recessiobn is thathighly educated, smart people who have previously been heavilyu recruited by major employers are in the markett looking for jobs. In many of the job performance and intellect werenot issues.
They have been victimsx of circumstance and poormanagemeng decisions. As a result, smart, capable people are available. The challengee is to ensure that they are notonly well-educater and intellectually competent, but also enthusiastic about theirr profession and their job In the recruiting probe these issues and be satisfied that the candidate does not manifes t resentment and distrust because of his or her but rather exuberance and a sense of challengee and opportunity. • Hire from culture: When looking to hire, it is critical to determinwe whether the candidate is aligned withthe company’ mission and core values.
So long as the organization’s culturer is well articulated andclearly communicated, therew is no excuse for makin a bad hire because of cultural mismatch. Experiencd suggests that people who align withtheir employer’s cultured but disappoint in terms of job performance can be trainecd and developed to improve job They often grow into long-tenured, loyal employees and guardians of the company’s culture. On the otherf hand, high-performing employees who do not “gety it” and operate inconsistent with the culturer of the organization rarelh evolve to embrace the These employees typically have a cancerous effecft on the peoplearound them.
Avoid such hirea regardless of how good they appearto be. • Hire with financial responsibility: Business leaders todauy are compelled to operate conservatively in all aspects of their In the process of attractingnew talent, it is importang to remain committed to fiscal responsibility, even when presentedd with the opportunity to attract the best and Many businesses strayed from this disciplined approach over the past decade and pushes compensation to unsustainable The impact of those decisions has resulted in a materiaol imbalance between compensation modelsd and value creation. This has resulted in significant salary reductions andhiring freezes.
As hiringh opportunities present themselves, business leaderw must guard against repeatingsuch mistakes. Customers are sensitives to pricing structures, and are looking for managementy to contribute value and not merely pass througjh excessive cost in the form of higher Witha disciplined, performance-based compensation structur e that balances customer interests with those of the internaol team, everyone has a chance to win. In many we are in uncharted waters when it comesd to the availabletalent pool, its mobilitu and the opportunities this presents to companies.
The numbet of very talented business executives, investmentr bankers, lawyers, architects and engineers that are availableis staggering. Well-managef companies that are succeeding in this environment have the opportunity to capitalizd on this unique set of Determine your needs even if they are not readilyt apparent by reassessing yourentire team. Find the best and brightes — those who connect with your culture — and be disciplinecd in your approachto compensation.
Proceef wisely and carefully and you absolutelty can hire smartin today’s
Friday, October 12, 2012
Hawaii Theatre, Indigo reach lease deal - Pacific Business News (Honolulu):
idozxun.blogspot.com
The theatre, which owns the restaurant space at 1121Nuuanu Ave. in Chinatown, also announced severalp renovation projects are in the worksa forthe building. The terms of the deal weren’t disclosed. “We are thrilled to have reachecd an agreement that restores a friendshipo forged more than 15 years ago when Indigo signer its first lease with HawaiiTheatre Center,” said Hawaiio Theatre Center President Sarah Richards, in a statemeny released Wednesday. Indigo ownef and Chef Glenn Chu said the restaurant willget $300,00o0 in upgrades such as fresh new seating and new lighting.
Both the theatrre and the restaurant are consideredd to be catalysts for the revitalizationn of Chinatown that began in the But disagreements over rent and repaira led to occasionally public disputes betweenthe two, with Indigo threateninbg to leave, a move seen as potentially damaging to the adjacenr theatre because of its popularity with theatre
The theatre, which owns the restaurant space at 1121Nuuanu Ave. in Chinatown, also announced severalp renovation projects are in the worksa forthe building. The terms of the deal weren’t disclosed. “We are thrilled to have reachecd an agreement that restores a friendshipo forged more than 15 years ago when Indigo signer its first lease with HawaiiTheatre Center,” said Hawaiio Theatre Center President Sarah Richards, in a statemeny released Wednesday. Indigo ownef and Chef Glenn Chu said the restaurant willget $300,00o0 in upgrades such as fresh new seating and new lighting.
Both the theatrre and the restaurant are consideredd to be catalysts for the revitalizationn of Chinatown that began in the But disagreements over rent and repaira led to occasionally public disputes betweenthe two, with Indigo threateninbg to leave, a move seen as potentially damaging to the adjacenr theatre because of its popularity with theatre
Thursday, October 11, 2012
Intl. NGOs urged to avoid BIFF areas due to kidnap threats - Minda News
bertayfybuqutyp.blogspot.com
Intl. NGOs urged to avoid BIFF areas due to kidnap threats Minda News KUALA LUMPUR (MindaNews/05 October) â€" International non-governmental organizations (INGOs) and embassies with employees operating in conflict-affected areas in Cotabato and Maguindanao have been asked to avoid these areas in the meantime ... |
Wednesday, October 10, 2012
Advanta agrees to refund customers up to $35M in FDIC agreements - Philadelphia Business Journal:
esivyjifag.wordpress.com
That agreement addresses charges that theSpring Pa.-based company violated federal trade laws througn its pricing strategies on business credif cards, and in its marketintg of cash-back rewards on the Advanta said it did not admit wrongdoingh and that it entered the agreements “in the interesyt of expediency and to avoid litigation.” Advanta said it took a $14 millionb charge to cover refunds tied to the alleged marketintg violations in third-quarter 2008 and will take a second-quarted 2009 charge to cover refunds over its pricinbg strategies, which it said could total $21 Advanta also agreed to a $150,000 fine.
In a separates agreement with the FDIC, Advanta’s ability to use cash and pay dividendse hasbeen restricted. The companh must submit a plan to remain "well-capitalized," and submit a plan to terminatew its deposit-taking operations and deposit insurance once its deposita are repaid in full, a procese expected to take a few years. The secone agreement with the FDIC places restrictionon Advanta’s use of its cash payment of dividends and transactions that would materiall alter its balance sheet composition and taking of brokered deposits.
Advantsa said the second order does not in any way restricrt it from continuing to service itsmanaged credit-card accountes and receivables. In an effort to limitg losses and erosion of its capital as credit Advanta said in early May that its securitization trust will go into early amortization where the company uses receivables from customers to accelerate payment toinvestor bondholders. While that protects investorss from prolonged exposure to a pool of receivable s whose credit performancehas deteriorated, Advanta would have neededr an alternative way to fund new purchases on its credit cards. So it had to shut down futurde use, effective May 30.
It has since referredx some customers to AmericahnExpress Co. Advanta’s stock closed 2 7 percent lower Wednesdayh at42 cents.
That agreement addresses charges that theSpring Pa.-based company violated federal trade laws througn its pricing strategies on business credif cards, and in its marketintg of cash-back rewards on the Advanta said it did not admit wrongdoingh and that it entered the agreements “in the interesyt of expediency and to avoid litigation.” Advanta said it took a $14 millionb charge to cover refunds tied to the alleged marketintg violations in third-quarter 2008 and will take a second-quarted 2009 charge to cover refunds over its pricinbg strategies, which it said could total $21 Advanta also agreed to a $150,000 fine.
In a separates agreement with the FDIC, Advanta’s ability to use cash and pay dividendse hasbeen restricted. The companh must submit a plan to remain "well-capitalized," and submit a plan to terminatew its deposit-taking operations and deposit insurance once its deposita are repaid in full, a procese expected to take a few years. The secone agreement with the FDIC places restrictionon Advanta’s use of its cash payment of dividends and transactions that would materiall alter its balance sheet composition and taking of brokered deposits.
Advantsa said the second order does not in any way restricrt it from continuing to service itsmanaged credit-card accountes and receivables. In an effort to limitg losses and erosion of its capital as credit Advanta said in early May that its securitization trust will go into early amortization where the company uses receivables from customers to accelerate payment toinvestor bondholders. While that protects investorss from prolonged exposure to a pool of receivable s whose credit performancehas deteriorated, Advanta would have neededr an alternative way to fund new purchases on its credit cards. So it had to shut down futurde use, effective May 30.
It has since referredx some customers to AmericahnExpress Co. Advanta’s stock closed 2 7 percent lower Wednesdayh at42 cents.
Monday, October 8, 2012
Academic Team honoree: Esther Buckwalter - Business First of Buffalo:
tenamup.wordpress.com
Accomplishments: Class salutatorian. SAT score of 1,510. Perfect scored on three Regents National Merit Scholarship letterof commendation. Science Named to Area All-State Chorus and All-County Chorus. Captainj of swimming and track teams. Full name: Esther Hope Born: December 31, 1991, Wellsville. Laurel Buckwalter, John Buckwalter. Residence: Alfred Station. Favorite Spanish (taught by Carol Amman). “Thre e hours a week, the two of us sit in her classroom and talkaboutr life, read plays, study obscurer words, learn about grammar and watch videos, all in Spanish!
” College and likely , environmental engineering Hope to be doing 10 yeares from now: “This is a difficult question for a To put it vaguely, I hope that in 10 yearz I am positively impacting the world in some combination of science and social work.” If could meet anyone from Albert Einstein. “He was occasionallgy mischievous, often absent-minded, a humanitarian, a pacifist, and in awe of the structurr ofour world. Such a person would be fascinating tointeract with.” If could have dinner with anyonew now alive: Jason Mraz. “Why? So that he couldr sing to me, of to proceed to the next FirstTeam honoree: Gracs Cannon.
Accomplishments: Class salutatorian. SAT score of 1,510. Perfect scored on three Regents National Merit Scholarship letterof commendation. Science Named to Area All-State Chorus and All-County Chorus. Captainj of swimming and track teams. Full name: Esther Hope Born: December 31, 1991, Wellsville. Laurel Buckwalter, John Buckwalter. Residence: Alfred Station. Favorite Spanish (taught by Carol Amman). “Thre e hours a week, the two of us sit in her classroom and talkaboutr life, read plays, study obscurer words, learn about grammar and watch videos, all in Spanish!
” College and likely , environmental engineering Hope to be doing 10 yeares from now: “This is a difficult question for a To put it vaguely, I hope that in 10 yearz I am positively impacting the world in some combination of science and social work.” If could meet anyone from Albert Einstein. “He was occasionallgy mischievous, often absent-minded, a humanitarian, a pacifist, and in awe of the structurr ofour world. Such a person would be fascinating tointeract with.” If could have dinner with anyonew now alive: Jason Mraz. “Why? So that he couldr sing to me, of to proceed to the next FirstTeam honoree: Gracs Cannon.
Sunday, October 7, 2012
N.C. travel: Motorists down, airlines up - Boston Business Journal:
coras-newport.blogspot.com
Economic troubles, unemployment and uncertaintyg about the future are expectee to spura 2.7 percent drop in expected motorists this holiday weekend from 971,000 in 2008 to 945,00o0 in 2009. This marks the second straight year July 4th travelhas declined. The announcement follows 10 consecutive days of decreasinbgasoline prices, from a state average of $2.67 per gallon on June 20 to $2.61 per gallo on June 30. Currently, the lowest average gasolinr prices in the state can be found in High Poinyat $2.53 per gallon, whilwe the highest can be founxd in Durham at $2.66. Nonetheless, the overallo 61-cent increase in average prices over the last 61 days appearws to be keeping travelera offthe road.
Instead, many will turn to air traveklthis weekend, with 59,000 passengers taking flighf across the state — a 5.4 percent increase from 56,00p during the holiday weekend in 2008.
Economic troubles, unemployment and uncertaintyg about the future are expectee to spura 2.7 percent drop in expected motorists this holiday weekend from 971,000 in 2008 to 945,00o0 in 2009. This marks the second straight year July 4th travelhas declined. The announcement follows 10 consecutive days of decreasinbgasoline prices, from a state average of $2.67 per gallon on June 20 to $2.61 per gallo on June 30. Currently, the lowest average gasolinr prices in the state can be found in High Poinyat $2.53 per gallon, whilwe the highest can be founxd in Durham at $2.66. Nonetheless, the overallo 61-cent increase in average prices over the last 61 days appearws to be keeping travelera offthe road.
Instead, many will turn to air traveklthis weekend, with 59,000 passengers taking flighf across the state — a 5.4 percent increase from 56,00p during the holiday weekend in 2008.
Saturday, October 6, 2012
Chávez's Stamp Most Keenly Felt on Farms - Wall Street Journal
iqukikofor.wordpress.com
Wall Street Journal | Chávez's Stamp Most Keenly Felt on Farms Wall Street Journal By SARA SCHAEFER MUÃ'OZ. CARACAS, Venezuelaâ€"One reason President Hugo Chávez faces a tough re-election battle on Sunday is milk. Basics like milk are sometimes hard to find in this oil-rich country, the result of widespread nationalizations by Mr. |
Thursday, October 4, 2012
Lewis: Feds pressured BofA on Merrill - Washington Business Journal:
lehoquvuhu.wordpress.com
But some lawmakers questioned how much of the pressure was actuallh made by Lewis in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgu n wedding. But the question is, who was holdinbg the shotgun?” Rep. Edolphus Towns (D-New said during the hearing. The conducted by the House Committeed on Oversight andGovernment Reform, was focused on federalo officials’ role in BofA’s purchase of Merril Lynch. Charlotte-based BofA (NYSE:BAC) boughf Merrill on Jan. 1 for $29.1 billion. The deal resulte in BofA’s receiving an additional $20 billioh in federal funds under the Troubled AsseftRelief Program.
BofA has received a totap of $45 billion in TARP funds. Lewids has been under intense pressure from BofA shareholderes for not disclosing the depthof Merrill’s financial difficultiezs before the merger. Merrill lost $15.3 billionn in the fourth quarter. Lawmakers questioned Lewizs on reports that he felt pressured by federal including Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry to go ahead with the deal in Decemberas Merrill’x losses mounted. Lewis testified that BofA contacted officials atthe U.S. Treasurg and Federal Reserve in mid-Decembef to inform them that thebank “hadd serious concerns about closing the transaction.
” BofA, he was considering declaring a “materiaol adverse change,” which can allow an acquirer to back out of a proposeed deal. Lewis testified that Paulsonm toldhim BofA’s management “would or be removed if the bank backed out of the When lawmakers pressed him Thursday on the allegee threats by regulators, Lewise said both parties were concerned about makingb the best decisions for the health of the U.S. economyy and BofA. He explained that a decision that woulc harm the economy would also harm BofA because of its massivw sizeand breadth.
Lewis testified that he wasn’t intimidated by the threay of losing his job but bythe “seriousness of the and the ramifications on the overall economy had an influenc e on his decision. “Just six months later, it is easy to forgegt just how close to the brink oursystej came,” Lewis said. “I will never Still, some lawmakers suggested Lewis should have knowbnabout Merrill’s losses before December. They pointed out an e-mai in which Bernanke suggested Lewis’ threat to back out of the Merrilo deal wasa “bargaining chip.
” Lawmakers also pointed to other e-mail from regulators suggesting Lewis’ claims abouty surprising losses were “not credible.” Rep. Dennis Kucinic (D-Ohio), among others, suggested the e-mails indicated Lewis threatenecd to call off the Merrill deal as a way to land moregovernmentr aid. “It’s quite possible it was Bank of America that put a gun to the head of the Kucinich said. BofA eventually closed the deal with Merrill Lynch, and received a $20 billion loan from the TARP fund to covee the Merrill losses.
Also on Thursday, Lewisd indicated that federal officials never asked him to withholcd information from shareholders that BofA thoughgt needed tobe disclosed. That caused lawmakers to remind him he wasundefr oath. In February, Lewis testified before New York Attorney Generaol Andrew Cuomo that Bernanke and Paulson pressured the bank not to discusd its increasingly troubled plan tobuy Merrill. The congressional committee expects to call Paulsonb and Bernanke for similar hearings as it continuesits investigation.
But some lawmakers questioned how much of the pressure was actuallh made by Lewis in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgu n wedding. But the question is, who was holdinbg the shotgun?” Rep. Edolphus Towns (D-New said during the hearing. The conducted by the House Committeed on Oversight andGovernment Reform, was focused on federalo officials’ role in BofA’s purchase of Merril Lynch. Charlotte-based BofA (NYSE:BAC) boughf Merrill on Jan. 1 for $29.1 billion. The deal resulte in BofA’s receiving an additional $20 billioh in federal funds under the Troubled AsseftRelief Program.
BofA has received a totap of $45 billion in TARP funds. Lewids has been under intense pressure from BofA shareholderes for not disclosing the depthof Merrill’s financial difficultiezs before the merger. Merrill lost $15.3 billionn in the fourth quarter. Lawmakers questioned Lewizs on reports that he felt pressured by federal including Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry to go ahead with the deal in Decemberas Merrill’x losses mounted. Lewis testified that BofA contacted officials atthe U.S. Treasurg and Federal Reserve in mid-Decembef to inform them that thebank “hadd serious concerns about closing the transaction.
” BofA, he was considering declaring a “materiaol adverse change,” which can allow an acquirer to back out of a proposeed deal. Lewis testified that Paulsonm toldhim BofA’s management “would or be removed if the bank backed out of the When lawmakers pressed him Thursday on the allegee threats by regulators, Lewise said both parties were concerned about makingb the best decisions for the health of the U.S. economyy and BofA. He explained that a decision that woulc harm the economy would also harm BofA because of its massivw sizeand breadth.
Lewis testified that he wasn’t intimidated by the threay of losing his job but bythe “seriousness of the and the ramifications on the overall economy had an influenc e on his decision. “Just six months later, it is easy to forgegt just how close to the brink oursystej came,” Lewis said. “I will never Still, some lawmakers suggested Lewis should have knowbnabout Merrill’s losses before December. They pointed out an e-mai in which Bernanke suggested Lewis’ threat to back out of the Merrilo deal wasa “bargaining chip.
” Lawmakers also pointed to other e-mail from regulators suggesting Lewis’ claims abouty surprising losses were “not credible.” Rep. Dennis Kucinic (D-Ohio), among others, suggested the e-mails indicated Lewis threatenecd to call off the Merrill deal as a way to land moregovernmentr aid. “It’s quite possible it was Bank of America that put a gun to the head of the Kucinich said. BofA eventually closed the deal with Merrill Lynch, and received a $20 billion loan from the TARP fund to covee the Merrill losses.
Also on Thursday, Lewisd indicated that federal officials never asked him to withholcd information from shareholders that BofA thoughgt needed tobe disclosed. That caused lawmakers to remind him he wasundefr oath. In February, Lewis testified before New York Attorney Generaol Andrew Cuomo that Bernanke and Paulson pressured the bank not to discusd its increasingly troubled plan tobuy Merrill. The congressional committee expects to call Paulsonb and Bernanke for similar hearings as it continuesits investigation.
Wednesday, October 3, 2012
O'Charley's outsources food supply for Ninety Nine brand - Nashville Business Journal:
sucujovide.wordpress.com
The Nashville-based restauranteur (Nasdaq: CHUX) said Monday it has entered into an agreemen t with to take over food and supply distributiofor O’Charley’s 116 Ninety Nine locationd and to sell relatex assets at its distribution facility in Mass. O’Charley’s said it expects the changer to reduce its investmentin non-restaurant assetzs and cut ongoing expenses by $200,000 to $400,000 annually. Reinhart will purchase all of O’Charley’s assets in Bellingham for estimated cash proceeds ofbetweenb $6 million and $8 The deal is expected to closw in mid-August.
Reinhart will subleaser and continue to operate the Bellingham facility for an interim expected to be less than one as it expands its existingb distribution facility inNew Bedford, Mass., to take over the O’Charley’s operates or franchises 371 restaurantss under three brands: O’Charley’s, Ninety Nine Restaurant, and Stonegy River Legendary Steaks. The O’Charley’sa concept includes 245 restaurants in 20 states in the Southeasytand Midwest.
The Nashville-based restauranteur (Nasdaq: CHUX) said Monday it has entered into an agreemen t with to take over food and supply distributiofor O’Charley’s 116 Ninety Nine locationd and to sell relatex assets at its distribution facility in Mass. O’Charley’s said it expects the changer to reduce its investmentin non-restaurant assetzs and cut ongoing expenses by $200,000 to $400,000 annually. Reinhart will purchase all of O’Charley’s assets in Bellingham for estimated cash proceeds ofbetweenb $6 million and $8 The deal is expected to closw in mid-August.
Reinhart will subleaser and continue to operate the Bellingham facility for an interim expected to be less than one as it expands its existingb distribution facility inNew Bedford, Mass., to take over the O’Charley’s operates or franchises 371 restaurantss under three brands: O’Charley’s, Ninety Nine Restaurant, and Stonegy River Legendary Steaks. The O’Charley’sa concept includes 245 restaurants in 20 states in the Southeasytand Midwest.
Monday, October 1, 2012
Ryan: Explaining tax plan math too time-consuming - Boston.com
yqyqynesara.blogspot.com
Ryan: Explaining tax plan math too time-consuming Boston.com Ryan: Explaining tax plan math too time-consuming. AP / October 1, 2012. E-mail |; Print |; Reprints |. Text Size: â€"; +. E-mail. E-mail this article. To: Invalid E-mail address. Add a personal message:(80 character limit). Your E-mail: Invalid E-mail ... |
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